Aug

Credit Repair Business Plan – Acclamation Fabulous

Credit Repair Business Plan – Starting A Credit Repair And Financial Counseling Business?I currently work as a mortgage broker who specializes in bad credit loans. I have helped many of my clients understand their credit reports and what they can do to improve their credit.

I love this part of my job am good at it and would like to turn it into a source of income.

I would like to take a credit repair client obtain their credit reports and explain the information contained in them in detail. I would give recommendations about what they can do to raise their score and a detailed step by step plan of action. For an additional fee I would dispute incorrect items on their behalf.

I plan to keep my prices low and offer honest realistic advice specific to the individuals situation and goals.

What certifications or licenses do I need to start a business that does this?
I did find out I need a $50000 surety bond for this. How do I get that?
I have checked my states website and most of the information given there was pretty vague. Id like to hear from someone who has done this before. – Credit Repair Business Plan

Credit Repair Business Plan

Starting A Credit Repair And Financial Counseling Business?I currently work as a mortgage broker who specializes in bad Credit loans. I have helped many of my clients understand their Credit reports and what they can do to improve their credit.

I love this part of my job, am good at it and would like to turn it into a source of income.

I would like to take a Credit Repair client, obtain their Credit reports and explain the information contained in them in detail. I would give recommendations about what they can do to raise their score and a detailed step by step Plan of action. For an additional fee, I would dispute incorrect items on their behalf.

I Plan to keep my prices low and offer honest, realistic advice specific to the individuals situation and goals.

What certifications or licenses do I need to start a Business that does this?
I did find out I need a $50,000 surety bond for this. How do I get that?
I have checked my states website and most of the information given there was pretty vague. Id like to hear from someone who has done this before.
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I Need Advice On Starting My Own Business?I am thinking of buying this ebook and am wondering if this is a good price for what is included (www.vbizconsultant.com) click the link in sources if this link doesnt work) This information package eBook includes Credit Repair forms, the process of Credit repair, how to start your own business, 200+ types of businesses you can start, a Business Plan template(for planning every possible angle of your business), legal information, information on how to create your own website, how to generate traffic to your website,

other ways to make money online, how to start an eBay business, all plus if you have further questions you can email the people at the website at info@vbizconsultant.com and they will answer any questions you have
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Credit Repair Through Real Estate Agent?The realtor(or realtist according to his Business card) we are working with in buying a house offered us a Plan to improve our Credit so that we can get the best rates possible. My husband is all for it but I am a little hesitant since we dishing out $750 for a start up fee and $250 monthly for his assistant to call, write personal Credit letters, one on one coaching, among other things to get us both at a 650. I am concerned since this is alot of money and I looked on the BBB website and cannot find this Credit management group or even her real estate agency in its reports. How do I tell this is a legit operation and not just someone trying to scam a young couple out of a few thousand dollars.
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How Can I Finance My Business?I will have a professional Business Plan all written out but nothing to invest other than inventory that I have begun to collect. The inventory I do not purchase will be on consignment and not paid for until it sells. I am hoping to open my store in about 2 years. I will also have my bachelor degree in Marketing Management by the time I apply for loans. Currently my Credit is not great (all payments on time except for my mortgage which went 90 days late before I signed for modification- high debt to income ratio also). I will not have much collateral as my home will not be worth much more than what I owe on it. I will have a partner (for co-signing purposes) who has fantastic Credit but she would prefer to be limited liability.

Please offer tips on repairing my Credit and how to get funds. I feel like it will be impossible to start a Business without having either collateral or a huge investment up front. Just a ballpark estimate of funding required would be at least $20-30,000 (6 months expenses plus a decent amount for advertising and initial start up.)

Are grants and government loans available?

Should I hold off getting married? If I am a single woman will that help my chances of getting loans? My finace doesnt have great Credit either and we do not Plan to run the Business together.

Also can someone tell me more about how Business loans are repaid?

Is there a grace period when you open a new business?

Will student loans prevent me from opening my business? Would I be better off continuing my education part time (Masters) to defer my loans while I am starting this business?

Thanks!
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Why Cant I Get A Commercial Lease?I have $20,000 cash, a years worth of rent money put aside in an account, a solid Business Plan (Computer Repair and cell phone shop) and the rent is not that much ($1000 a month). I have a 750 Credit score but have been turned down by 2 landlords? Why is this?
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Rates On A Washington Mutual Secured Credit Card?Ive had bad Credit ever since my Business went under, between bills that had pilled up, taxes, not being able to pay rent, etc. Im finaly done bleeding starting down the road of repair. My Dad is willing to help me out. Our first Plan was for him to cosign on a major Credit card with me, which appearently a highly standard process CC companies just dont do anymore. So now were looking at a secured card that hed loan the deposit for. Reading online every article says to shop around for the lowest fees and rates. We bank at Washington Mutual and our branch has always provided GREAT customer service to us know my situation well. Wamu offers a secured card, the problem is in aspect of shopping around for rates fees I cant seem to find Wamus stats anywhere, so I dont know if I should go with them or go with something I found online that I know has good rates.

So my question is, does anyone have a wamu secured CC that could tell me what the rates and fees are? Potential interest?
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Do You Understand This Economic Plan? We cant wait to help workers and families and communities who are struggling right now – who dont know if their job or their retirement will be there tomorrow; who dont know if next weeks paycheck will cover this months bills. We need to pass an economic rescue Plan for the middle-class and we need to do it now. Today Im proposing a number of steps that we should take immediately to stabilize our financial system, provide relief to families and communities, and help struggling homeowners. Its a Plan that begins with one word thats on everyones mind, and its spelled J-O-B-S.

Weve already lost three-quarters of a million jobs this year, and some experts say that unemployment may rise to 8% by the end of next year. We cant wait until then to start creating new jobs. Thats why Im proposing to give our businesses a new American jobs tax Credit for each new employee they hire here in the United States over the next two years.

We will also save one million jobs by creating a Jobs and Growth Fund that will provide money to states and local communities so that they can move forward with projects to rebuild and Repair our roads, our bridges, and our schools. A lot of these projects and these jobs are at risk right now because of budget shortfalls, but this fund will make sure they continue.

…At a time when the ups and downs of the stock market have rarely been so unpredictable and dramatic, we also need to give families and retirees more flexibility and security when it comes to their retirement savings. …Since so many Americans will be struggling to pay the bills over the next year, I propose that we allow every family to withdraw up to 15% from their IRA or 401(k) – up to a maximum of $10,000 – without any fine or penalty throughout 2009. This will help families get through this crisis without being forced to make painful choices like selling their homes or not sending their kids to college.

…For those Americans in danger of losing their homes, today Im also proposing a three-month moratorium on foreclosures. If you are a bank or lender that is getting money from the rescue Plan that passed Congress, and your customers are making a good-faith effort to make their mortgage payments and re-negotiate their mortgages, you will not be able to foreclose on their home for three months. We need to give people the breathing room they need to get back on their feet.

…It also means promoting a new ethic of responsibility. Part of the reason this crisis occurred is that everyone was living beyond their means – from Wall Street to Washington to even some on Main Street. CEOs got greedy. Politicians spent money they didnt have. Lenders tricked people into buying home they couldnt afford and some folks knew they couldnt afford them and bought them anyway.

Weve lived through an era of easy money, in which we were allowed and even encouraged to spend without limits; to borrow instead of save.

Now, I know that in an age of declining wages and skyrocketing costs, for many folks this was not a choice but a necessity. People have been forced to turn to Credit cards and home equity loans to keep up, just like our government has borrowed from China and other creditors to help pay its bills.

But we now know how dangerous that can be. Once we get past the present emergency, which requires immediate new investments, we have to break that cycle of debt. Our long-term future requires that we do whats necessary to scale down our deficits, grow wages and encourage personal savings again.

Its a serious challenge. But we can do it if we act now, and if we act as one nation. We can bring a new era of responsibility and accountability to Wall Street and to Washington. We can put in place common-sense regulations to prevent a crisis like this from ever happening again. We can make investments in the technology and innovation that will restore prosperity and lead to new jobs and a new economy for the 21st century. We can restore a sense of fairness and balance that will give ever American a fair shot at the American dream. And above all, we can restore confidence – confidence in America, confidence in our economy, and confidence in ourselves.

Read Baracks full remarks, as prepared for delivery…

Obamas Plan includes four new major ideas about job creation, relief to families, relief to homeowners and responding to the financial crisis:

Job Creation: A New American Jobs Tax Credit. Obama is calling for a temporary tax Credit for firms that create new jobs in the United States over the next two years.

Relief to Families: Penalty-Free Withdrawals from IRAs and 401(k)s in 2008 and 2009. Obama is calling for new legislation to allow families to withdraw 15% of their retirement savings – up to a maximum of $10,000 – without facing a tax-penalty this year (including retroactively) and next year.

Relief
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Grad School W/o GRE Possible?Ive graduated with a degree in Finance and Real Estate. I Plan on starting a non profit that does Credit Repair and is a resource for anyone wanting to start an investment (home purchase, Business venture etc) in lower income neighborhoods. Before I went into to college I had been discouraged from studying African Studies for my undergrad. But now that Ive graduated, AND I audited some courses in the MA program Dept for African studies at my school, I know I want to go back. Do you think schools will be slow to accept me since I didn’t study African Studies in UG? Also…would they accept me if I don’t take my GRE’s?
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Getting Ahead By Taking Summer School Courses?okay, my school district requires students to earn a certain amount of credits in order to graduate (I think most high schools work like that, though)-you can graduate by earning either 22, 26, or 30 credits (Im on the 22 Credit Plan because I failed algebra I freshman year and 1st semester of sophomore year)

I was thinking of taking summer school courses to get ahead and lessen the amount of class periods I would have senior year-Im okay with spending my summer doing this because its this or I sit at home for 3 months while my parents devote their time to remodeling the house they just bought

theres 2 options for earning credits during the summer-either to make up for classes you failed, to get ahead, or for enrichment

Summer School-you take a course and earn a 1/2 Credit for the class if you finish with a 70 average or higher-you can earn a whole Credit for the class by taking both the semester-1 material and semester-2 material classes (you can take 4 classes total, equaling 2 whole credits)

Credit By Exam-you take a 100 question test and get a 1/2 Credit if you score a 70 or higher on the test-you can take 8 tests total, equaling 4 whole credits

Here was what I wanted to take-

English 3 (ss)

Social Studies 3 (ss)

Spanish 1 (cbe)

Spanish 2 (cbe)

Art (cbe)

Business Computer Information Systems (cbe)

My sister told me I shouldnt take English 3 or Social Studies 3 because colleges dont like students taking classes like math and english during summer school in order to get ahead

I speak really fluent spanish, and the last 2 classes are required to graduate, but I dont want to spend a year taking either of them because theyre both just goof-off classes anyway…

WHAT SHOULD I DO?! my counselor is an IDIOT and hasnt gotten back to me even though I signed up to talk to her 2 months ago

The reason I want less class periods during senior year is because it will allow me to get a job and save money for college, as well as give me time to figure out where I want to go

Im planning on attending either Wyotech or UTI for Auto Collision Repair (a course Ive been taking during high school since freshman year and will continue taking though senior year because Its something I like), but I want to attend a 2-4 year university as well so I can have a backup plan.
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Which Is Best To Pay The Principal On A Loan Or Refinance? Seeking Best Answer For Overall Loan Payment?The auto loan is for 60 mo @ 14.9%. The total cost of the current loan is $41,000. I have paid on the loan for 15 months now and have been receiving refinance rates @ 7.9% for 60 months. This would add another year to the life of the loan.

I have no problems paying the current loan amount and Plan in Aug to begin paying an additional $250 a month on the principal. There is no penalty on my current loan for paying off early and there is no balloon payment at the end.

I want to do what is best for my Credit rating, I am in the process of repairing after a wicked divorce. Currently at a 684, goal is to get it above 750 to help with future goals for Business and personal financial decisions.
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Im In Love I Want To Get Married; But My Partner Has A Checkered Financial Past I Want To Protect Myself?I have worked very hard to get to where I am, graduated college a few years back with two degrees, worked throughout – have great Credit and no debt other than finishing up with student loans. I have my own business, and while I dont make a lot of money its enough for both of us to live on so we have been living together for about a year and a half.

During that time I have been paying all the bills and rent so that she could start repairing her Credit and collections from a few years of irresponsible living beyond her means in early 20s. Her car even got repossessed at one point before we moved in together, but she has been doing great since and weve managed to live well though very meagerly. We have bought a car together with both names on the title which I didnt mind doing even though we did not contribute equally (I paid about 90% so she could save to take care of debts) and I cover all car insurance premiums with both our names on it. I love her very much and we have a baby son together, she has been staying home to take care of him and went to working only part time as she loves being a mom and finds her job not satisfying. We have a joint checking account which we share for groceries that I put a certain amount of money in and then each of us is free to use the funds for food however we want as long as we stay within budget. It has worked out pretty well, but there is one big thing that Im still very reluctant to share and that is ownership of the house I bought while we were living together. Its an investment property as well as our primary residence, and Ive become the property manager.

After living together for almost a year, a situation came up where I was able to purchase the multi unit building we lived in and we talked it over and so I did back about 8 months ago (my name only on mortgage and deed) with considerable loan from parent to help with down payment that I will eventually need to repay.

I dont want to have to have a prenup when I ask her to marry me, as I believe we have a strong family right now and cant see myself ever wanting to be with anyone other than her – we have a beautiful son together and I know she wants to get married at some point as do I. its obviously not the most romantic way to go about things either, and I could see how having a prenup written up could be viewed as planning for our relationship to fail which I dont want her to think I am doing. Still, she like most people is no saint – has had emotional problems that affected our relationship early on and problems with alcohol in the past (which weve also talked about) so while things are great now I really cant predict how things will be in 20 years. At one low point I made it known to her that if she continued to choose alcohol over me then that would mean the end of us, and thats the way I still feel especially when I think of our young son. Anyways, I dont want to give the wrong impression and I feel a bit silly even writing this – she is wonderful I do view her as my life partner. But as Im getting more serious about wanting to marry her and reading about community property law some questions keep coming up and I need answers to assure Im doing the right thing.

1) If I bought the house before we were married, but while we still lived together within the same building I was purchasing how would the courts view that? We were cohabitating and already had our son at that point. As I said again, she has never contributed a cent to the mortgage payment and I wouldnt ask her to.

2) I never asked her to be a stay at home mom, but I realize she is sacrificing potential income to do it. She never finished college however and her job wasnt highly paid nor did she enjoy doing it full time. I think we both view the tradeoff of the traditional arrangement (man brings home the bacon, woman homemaker) a fair one…we both agree that we didnt want to send our son to childcare and to this day no one has watched but one of us or a family member. But I still wonder if the courts would view her income sacrifice as a reason to warrant giving her partial ownership of the house (even though if we worked out the numbers Im fairly certain shes better off both financially and emotionally under this arrangement than if she worked full time and we had to split the cost of living that I now cover such as childcare / food)?

3) Once we were married I believe we have joint credit, since hers is way below mine (which is about 780) what would that do to my Credit rating. My Plan is to eventually get our family out of the multifamily into something with more space and privacy, but still hold on to that investment property as a side business. So within a few years I will be looking at getting another house (possibly with both of our names on depending on circumstances – Im open to it and in no way against owning property together if.) Weve been making her payments to get her cred
sorry, it didnt all fit heres the last little bit – THANK YOU : )

…..3) (cont) Weve been making her payments to get her Credit score back up, but its gonna take awhile from the damage she did to it before I knew her, so from a realistic standpoint is there a situation where we may want to wait to get married until after our Credit is combined (so as to get the best mortgage)?

4) Finally, the biggest thing that scares me overall is if we get married and then she falls back into her old lifestyle at some point which would mean our paths would have to go separate ways. Having given you some background info, whats the best way to ensure that I would keep the house should the worst happen which I dearly hope we never have to face!!! ? Do you think I absolutely need a prenup to ensure the worst won’t happen or will the state laws cover me?

5)Does anyone know of good books or websites to research this further?
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If The Government Supposedy Has All This Money, Why Cant I Get A Grant?I Plan on going to school for Business, but I have bad Credit and I have a low income. I need money to help Repair my credit, pay my bills so I can get become eligible for loans.

I mean, I need help! No, I do not have kids, I am not homeless, and I dont have a number of problems that people in need have, its just that I have been given a place to live rent free, and thats it. I need help with everything else, I need to know what I can do. Any suggestions?
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Can Someone Check This Paragraph For Any Errors? Please?Does my topic sentence describe the rest of the paragraph or does it go with the paragraph?

Property managers or community association managers help companies or businesses to manage property more efficiently. They can manage apartment buildings, commercial buildings such as shopping malls or industrial properties like marketing. Community association managers manage property by leasing, renting and maintaining property such as land, buildings and equipment. They keep records and prepare financial reports of the property status such as rates, vacant apartment, growth and purchase. Property managers Plan for maintenance repairs and alteration of the property. They interact with residents or clients to provide services. Property managers need to be capable to read and understand government’s codes, regulations, financial reports and to read Credit reports. Have ability to maintain friendly, speak clearly and understand information and ideas. Have a working knowledge of real state, sales marketing, clerical, and administration and management principles. This field does not require a bachelor’s Business degree however is preferable by most companies.
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Bankruptcy Or Pay Debt Off?In the long run which would be quicker to Repair and restore my credit? Im around $20,000 in debt give or take a little. Nearly $15,000 of that is for a car that was repossessed (which someone had co-signed on, so I have screwed their Credit up as well.)

First of all almost a year ago I was terminated on a retaliatory basis. I had gotten Credit cards for emergencies while I was working there. The boss had me going out of town and I didnt have the money and he wasnt willing to pay or reimburse for these Business trips, so I HAD to get a Credit card.

After being terminated I contacted the companies as I had been paying into the payment protection plan. Which of course, they refused to honor until I acquired the proof that I was no longer working there. I sent a request letter to the man I was working for and he refused to give me a letter of dismissal.

So, my main questions are:

-Should I file bankruptcy or pay off my debt? Which would be better on my credit?

-Regardless of whether I file bankruptcy or not is there any way for me to contact the Credit card companies and have them take off all of the overdraft fees, late fees, and reimburse, or deduct rather the months I was out of work that THEY SHOULD have been making the payments? IS this something I should even consider doing or is it a waste of time?

-Or should I have them reimburse all of the months I paid into the payment protection plan?

-How much will I have to pay back?

-Is there a particular site where I can further research the NEW bankruptcy law?

-Around how much will an attorney cost in California?

Advice please!!!! Your advice is very much appreciated.

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