Denied Credit? Be Direct, Get Specifics

Millions of Americans are suffering through the hassles of Credit Denials.

Everyday, American Consumers are attempting to apply for a new Credit Accounts, only to be turned-down, for unspecific reasons.

But what would make anyone, seek out new Credit in this sluggish Economy? Many American Consumers are just sick of what the new Credit Terms are doing to their Finances. The Terms have changed, and so, the Consumer wants to change.

But often many American seeking better Credit Terms, try to apply for Credit only to find rejection. So what should American Consumers after they've been rejected for Credit?

The Federal Trade Commission ("FTC"), Provides some practical tips:

• Get specific: know why the application was rejected. The creditor must tell Consumer the specific reason for the rejection. Consumes are entitled to learn why they were denied Credit upon request, within 60 days.

An acceptable reason might be: “your income was too low” or “you haven’t been employed long enough.”

An unacceptable reason might be “you didn’t meet our minimum standards.” That information isn’t specific enough.

• Consumers should check their Credit Reports.

I was helping a Woman last week who was looking to do a Balance Transfer to a new Credit Card. She was seeking better terms. But when she called the Credit Card Company, she was rejected. When she asked why she was turned down, the reply she got was, "you'll have to check your Credit Report".

I informed her of her Rights under the Equal Credit Opportunity Act and told her that the bottom-line was that it was her responsibility to contact the Credit Card Company for specifics.

She called and found out that her "Debt to Income Ratio was too high". What means that her Debt is too high compared to her Income. She had too many Outstanding Balances on her Cards and that spelled trouble for the Creditors.

Tragically, she was someone that I couldn't help get out of that card. I told her to keep making her minimum monthly payment, and increase it by $5 to $10 extra every month.

In this case the Creditor did nothing illegal. It may have been ethically wrong but not illegal. If the Creditor had acted illegally, The FTC spells out the damages the Creditor could have suffered in Court.

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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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When Bad Credit Reports Pose Problems For Job Applicants

True or False?

Employers Routinely Review Job Candidates Credit Reports.

It's true. Employers are routinely scanning through applicants Credit histories as part of a "Background Check".

Some shocking examples of when Employers Consider Credit Reports are:

• When employers are considering applications for employment.
  
  
• When making a decision whether to offer employment.
  
  
• When deciding whether to continue ones employment (after being hired).
  
  
  
• When making other employment-related decisions directly affecting the Employee.

These terms are defined in the Fair Credit Reporting Act ("FCRA").

The ugly truth is that employers may wish to obtain and use a "consumer report" from a "consumer reporting agency", as part of a 'Background Check'.

When Background Check are run,Job Applicants with a bunch of 'negative information' on their Credit Reports, will find future employment more frustrating.

What Can a Job seeker do before they Apply for that dream Job?

1. Applicants can check their free Credit Report at www.annualcreditreport.com.

The FCRA requires all of the Big 3 Credit Bureaus to provide American Consumers with a free copy of their Credit Report, once every 12 months. There may be inaccurate and negative information that could damage a Job Candidates prospects for employment.

2. Combat Credit Inaccuracies.

Before engaging in the endless search for a good paying Job, it's a good idea for the Applicant to evaluate their Credit Reports. The goal is to address any negative and inaccurate information before the interview.

3. Dedicate some Patience to the "Do It Yourself" Credit Repair process.

Anger and frustration is common among Job Seekers. As the bills pile up with more on the way, it's understandable if ones reserves of Patience simply run out. But it's never a good idea to spend time being angry about something one can control or improve - for themselves.

Instead of getting upset, from being turned down, Job Seekers can learn how to do what the Federal Trade Commission suggests - "Do It Yourself Credit Repair".

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DEBT WARRIORS™ are not Attorneys. WE ARE experienced "Do It Yourself", Credit Repair Debt Management, Negotiation, and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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What is the tried, tested and secret formula for applying for a new Credit Card?

Everyday Americans are feeling the rejection of Creditors. But I don't want you to feel reluctant to apply for new Credit (especially) if you are already dealing with disappointing Terms and Conditions for Credit.

The video below, from the "Credit Card Medic Debt Elimination Video Course" reveals the secret formula to apply for new Credit in a safe and responsible way.

I wanted to share with you the standards for applying for a new Credit because there are "other" methods others have tried to use that have back-fired on them.

My years of experience helping hundreds of clients reduce their Credit Card Debt is the basis for this video.

Don't be deterred from winning your War on Debt. Feel free to follow us on Twitter.

Don't be disturbed by rejection - Defeat the cause instead.

The tested and trusted formulas for applying for Credit in a safe and responsible way are right here. Debt Warriors Do It Yourself Debt Management Video Courses, Forms and Software inform you of what tactics to use to heal your Credit and Defeat your War On Debt.

Join the Army of Americans choosing to not to surrender, but to WIN their WAR on debt!

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Debt Warriors ARE experienced Do it yourself Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). J. Carlton Ford is not an Attorney. The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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The 6 C's Of Credit

1. CHARACTER: A.k.a. ones ‘Good Name’.
   
   
2. CAPACITY TO PAY: Means having the income to pay the loan back with interest.
   
   
3. CAPITAL: How much money the borrower has.
   
   
4. COLLATERAL: Does the borrower have anything of value? (like money, a home, or jewelry). Collateral can be taken away or (repossessed) if the borrower fails to pay back the debt.
   
   
5. CONDITIONS: Conditions include; the kind of job the consumer has, time on that job, how many years at the same address, how old they are etc.
   
   
6. CONFIDENCE:A successful borrowers Credit Report gives confidence or concern to the lender. Many consumers have Inaccurate and false information on their Credit Reports hurting their Credit Score.

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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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President Obama Signs the “CARD ACT”

President Obama signs Credit Card Accountability, Responsibility, and Disclosure Act The “(Card) Act” is a Law that addresses the reality that 80% of Americans have Credit Card Debt and 44% of Credit Card Holders carry a balance month to month.

read more | digg story

8 Ways Credit Card Holders Bill Of Rights Will Benefit You

Congresswoman Carolyn Maloney Tells Credit Card Issuer's to Cut The Baloney

Visit msnbc.com for Breaking News, World News, and News about the Economy

In the video above, MSNBC's Ed Shults gives a very satisfying interview with Representative Carolyn Maloney. Ms. Maloney SUCCESSFULLY got the Credit Card Holders Bill of Rights Passed, on your behalf.

What's Does The Credit Card Holders Bill of Rights Do (for You)?

"H.R. 5244, the “Credit Cardholders’ Bill of Rights,” provides crucial protections against unfair, but unfortunately common, credit card practices."

1. Ends Unfair, Arbitrary Interest Rate Increases.
   
   
2. Lets Consumers Set Hard Credit Limits, Stops Excessive “Over-the-Limit” Fees.
   
   
3. Ends Unfair Penalties for Cardholders Who Pay on Time.
   
   
4. Requires Fair Allocation of Consumer Payments.
   
   
5. Protects Cardholders from Due Date Gimmicks.
   
   
6. Prevents Companies from Using Misleading Terms and Damaging Consumers’ Credit
   Ratings.
   
   
7. Protects Vulnerable Consumers From High-Fee Subprime Credit Cards.
   
   
8. Bars Issuing Credit Cards to Vulnerable Minors

~ Source: Congresswoman Carolyn Maloney

Ms. Maloney is a brave and caring soul. She is staking a lot on the hopes that with her help, you and I and all Americans, will raise our voices in support of her efforts.

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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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How Going Green Saves You More Money In Lean Times

Are you in the mood to save $1,000 per year on your Electric Bill?

If so, you'll be more than enthused about "going green" after I share; how going green can save you a decent amount of more money every month. You'll be able to put the money you save from today's example - straight into your pocket.

What Going Green Means

Going green means being careful with this awesome planet God has provided us. You may be indifferent to going green, but going green will save you a comfortable amount of money.

Over the next few day's you'll see "Green" everywhere. On your TV, while you're surfing the Web, and on your favorite radio station. You know that some people are for "going green", while others are against it.

How Going Green Will Save You More Money

Did you know that one (1) single Compact Fluorescent Light Bulb, can save you $30 over the life of the bulb? It's true. Now imagine all of the old-school, non-fluorescent bulbs you have in your home, as money you could be saving?

For example, if you go home and replace just two of your old-school light bulbs, with Compact Fluorescent Light Bulbs, you can save $60 right there. I've heard that replacing all of your bulbs can save you over 40% on your electric bill every month.

If you like hard number's; say your electric bill is $200 per month? You'll can save up $80 per month by replacing your old-school bulbs. Over the entire year, you could save almost $1,000.

Making your home more green, can save you more green and makes perfect personal financial and faithful sense. Going green is the most simple, faithful and financial, step I've taken, in these lean times to positively affect my own future.
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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

Thanks for stopping by THEWARONDEBT.NET
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