DIY CREDIT REPAIR

[Wendy]

Yes, I think clients will find the creditfixitkit.com very easy to use, and very helpful when disputing issues on their credit reports.  It will even write and send the dispute letters out for them, for a nominal fee.  All the user needs to do is go to the site, sign up for the credit monitoring service for $39.99 per month, and the system helps to advise which items they should dispute.  Then the system will issue a new credit report once per month to update the client on the results derived from the disputes.  Even people thinking about getting a mortgage and think that they have perfect credit, should check this out, because you never know what problems could be on your credit that you need to get addressed before you make that mortgage application.  Better to get things cleaned up before you go house hunting, than to find your dream home, and then find out about your Uncle Frank’s delinquent loan sitting on your credit report, because your husband’s name is Frank too.

[Gustan]

I am at your credit repair site. Does late payments deletion work?

[Wendy]

Gustan Cho replied to one of your updates:  “Does this credit fix platform have Secured credit cards? And other tools like EXPERIAN Boost, FICO Simulator, Way Finder, etc”

<span class=”flipcard__name”>CREDIT BUILDING AFFILIATES:  We have the option to add credit building affiliate links </span><span class=”flipcard__desc”>to our client portal. When clients log into our DIY website they will be able to click on our recommended credit building products, once we decide what products we desire to offer on the portal.  We wanted to start out with the credit monitoring service first, to see if people would use it to help them rebuild their credit, by removing derogatory items from their credit reports.  However, we are definitely open to offering other types of Credit Enhancement products, when we start seeing a demand.  Not to mention, that some of the products that you mentioned are hard to compete with, like Experian Boost and it’s purple cow.  So we will look at other alternatives that will help our consumers increase their scores, perhaps like a secured credit card offering, or paid rent as a paid bill entry capture, things like that.  </span>

[Gustan]

I have EXPERIAN BOOST and pay $29 dollar per month for the credit monitoring service. Does your credit fix program offer the same services that Experian Boost does? Can you do something similar to EXPERIAN BOOST and add credit tradelines with nontraditional credit and if so, for how many credit bureaus.

[Wendy]

I am adding a secured credit card option and I am adding an option where borrowers that are renting can get credit for their past rents paid (if on time) added as a tradeline to their credit report. Borrowers can self-report if they need tradelines, due to lack of credit tradelines, to add a cell phone bill, or a utility bill, or an internet service provider bill, Direct TV, and those types of monthly bills. However, you want to take caution as the borrowers start adding all of their monthly bills, because they are also adding DTI, which depletes dollars to spend on housing. creditfixitkit.com does its dispute work to three credit bureaus, Experian, Equifax and Transunion.

• This reply was modified 9 months, 3 weeks ago by  Wendy.

[Gustan]

We need to get your Secured Credit card links on this forum. Make a new TOPIC section with a super sticky.

[Wendy]

Here is a great place for borrowers to check out their own credit scores.

http://www.wendydoesloans.com

wendydoesloans.com

** Check Your Credit Score **

Get Loan Graphs

[Gustan]

I highly recommend Wendy Lahn. Wendy is the best attorney I know but her main focus is loan origination, and real estate. Wendy would not be offering any products or referring anyone unless she has fully vetted them.

[Dustin]

Wow! This is great to know. I am always looking to find new ways to help potential clients.

[Gustan]

I know how to take late payments in the past 12 months off the credit reports in a few days. Dianne Burnett taught me.

[Wendy]

I have clients that could benefit from this as well. We need to learn more about this and source it to law.

[Gustan]

Email Dianne Burnett at dianne@gustancho.com. John Strange used this for his client and in one day credit score shot up 87 points. One late payment removal

[Gustan]

Counselor, did you have a chance to research what we talked about yesterday on removing late payments if you have money in the bank?

[Wendy]

I did some research and was not able to find a statute or regulation. It would be helpful to have a bill number or citation if available, then I can more easily track it down.

[Gustan]

Thank you, Counselor

[Gustan]

I will get the rule on this and post it here. It works.

[Michelle McCue]

Credit Versio is a great, affordable do it yourself option for credit repair.

http://www.creditversio.com

creditversio.com

Credit Versio

Credit Versio is a credit repair expert so you don’t have to be.

[Gustan]

The key is does it work? I really don’t trust a single credit repair company. I wish there was a reputable credit repair company that gets late payments off.

There has to be. https://www.creditversio.com/

creditversio.com

Credit Versio

Credit Versio is a credit repair expert so you don’t have to be.

[Dustin]

Excellent! Anything we as Mortgage Advisors can do to help our borrowers prepare for a home purchase or C.O. Refi is worth looking into.

[Gustan]

Found a wholesale non-QM investor that does 120 mortgage late payments.

[Gustan]

I have never seen so many recent late payments in 11 years. Things seems really bad out there. Rates are skyrocketing, inflation is like a runaway train, the dow is going up for no reason, and home prices are out of reach for many people.