Credit Repair is the one of the most important financial investments an individual can make says James Francis, President of Kingdom Financial Consulting.
Mr. Francis says that credit and anything connected to better credit is a key financial investment over a person’s lifetime. Credit is your borrowing power. It is your ability to use other people’s money for your vision/wealth acqusiton and pay it back slowly.
Your credit score will pay you sometimes a years salary or more in 1 signature loan depending on the transaction. What a deal!
Your borrowing power is your wealth power. If you use credit properly it will allow you the opportunity to become wealthy in America if you’re trained properly. We like to do it through real estate, but there are other ways.
Credit Repair is Wealth Opportunity
Mr. Francis and Kingdom Financial Consulting teach that credit or your credit score is your #1 Lifetime Investor.
Who else will invest a $185,000 – 275,000 to get you a house and then not gripe when you ask for $30,000 more to get a car. You’re credit. Not mom, not dad but you’re credit.
How about this. If you treat your credit right. He won’t even say anything when you ask him to buy you another home that costs 3x’s as much or a car that is 4x’s as much.
Now that’s a friend to the end! A friend worthy of being taken care of, an entourage friend if I say so myself.
Why Do I Need a Credit Repair Professional?
Individuals need credit repair professionals for the same reason they need a lawyer when they go to court. They can represent themselves but they just don’t know the law. The credit reporting bureaus are BIG TIME and I mean BIG TIME law breakers.
You’re really not dealing with someone that is interested in the truth when dealing with EXPERIAN, EQUIFAX and TRANSUNION . This is why they often switch their dispute mailboxes. They don’t want you to maximize your score they actually lose money.
Individuals have to remember you’re not a person to them. You’re a number. They don’t see the pictures of your wife and kids or financial destiny on the desk. You’re just a letter or a piece of tape that either knows the law or doesn’t know the law.
Credit Bureaus Don’t Want to Fight With the Professional…They Want to Fight You
All of the Big 3 (Equifax, Experian, TransUnion) want you to believe that you can do credit repair just as good as any credit repair professional. This is what they want you to believe. (WINK, WINK).
They will even be kind enough to let you do it online so they can control how many different ways you can dispute their usually illegal reporting.
They want you to do it online also because you actually lose some of your rights, but that’s cool because you didn’t know you had em’
The bottom line is they want to fight you and not someone that really knows the guidelines they must follow… and it’s much more than a 2 being wrong in the account number or in the amount owed.
That is bitty ball credit repair. We’re talking real deal Federal Trade Commission responsibility that they choose not to walk in.
Making Ignorant Online or Mail Credit Disputes
If you go online or print out the dispute forms of the Big 3 (Equifax, Experian, TransUnion) they control how you dispute. This is exactly what they want you to do because low credit individuals are worth more money to them than individuals with higher credit scores. Their whole business model is setup on “Credit Law Ignorance.
They want you to send in that nice little “we control you” letter so they can send you a statement 30 days later saying. Well, it looks like almost all of this stuff is yours, “we verified it.” When in fact they really didn’t do it legally. It really is a big horrible joke what they do to the average consumer when it comes to credit repair.
Credit Reporting is BIG PRIVATE BUSINESS
Even though the Big 3 hide behind the term bureaus or repositories to sound governmental-ish. They are private companies that get paid to collect, market and sell your credit information. Each year they do this to the tune of $4 billion dollars. Let me put that in with the zeros… 4,000,000,000.
Bad Credit is Worth More Money
Here’s another truth that most individuals don’t know. Bad credit files are worth more than good credit files. Companies that sell to the bad credit or sub-prime market charge higher interest rates and usually more up-front costs for individuals with bad credit.
Take a car purchase for example the bad credit guy or gal has to give a down payment and pay a higher interest rate. Therefore the bad credit listings cost more to purchase from the Big 3.
This is why I tell individuals that credit repair is one of the best financial investments a person will ever make. Personally I believe it is the best financial investment behind some form of education that provides a worth-while lifestyle.
What Credit Reporting Agencies Don’t Want You To Know
According to the laws that govern the Big 3 they have to only report accounts that are accurate and complete and they have to do this in a timely manner. The truth is many times this is not being done legally by the bureaus.
The Big 3 get away with this often due to the lack of credit law known by the average consumer. They simply tell you that they have “verified it.” What they don’t tell you is, they have not “verified it legally.”
You Need Professional Credit Repair Representation and Education
The bottom line is individuals need a professional to work with them in their battle against the credit reporting agencies. Quite honestly a good credit professional firm or individual will have your scores at maximum bureau restoration in 160 days or less.
They will not only make sure that the credit bureaus are reporting all accounts on your bureau by the law, but they will educate you on how to handle credit and create wealth from it in one form or another. We call it credit education.
Credit Education
Credit Education is not just about knowing how to maintain good credit. Credit Education is about educating a client on how to achieve wealth through the maintenance of high level credit scores.
This education has to make a client knowledgeable enough to be self sufficient in maintaining good credit and educating that client on money raising strategies for investment in things that will make him or her income on a monthly basis in the future.
We would like the client to take our education and create a self-reliant retirement rather than hoping in his or her job staying around for 30 years.
More than a Credit Repair Firm, We’re a Credit Education Firm
That’s our bread and butter. We’re more than credit fixers at Kingdom Financial Consulting. We are Wealth Builders.
Features of a Good Credit Repair Firm
- No need for 12 months of credit repair
- Knowledge of the FDCPA and FCRA
- Credit Education that can lead to Wealth
Good Credit Repair Servicing As We See It
- A firm that will dispute the alleged credit accounts on the bureau of the client for 120 day period of time
- A firm that will educate a client on advancing their score to the 760 and above range (superior credit)
- A firm that will teach that client how to achieve wealth or business capital through that score
- A firm that understands the illegal operations and in and outs of the credit reporting agencies
- A firm that will work with the client to force the Big 3 to operate legally with their credit file
- A firm that will position you to file suit against the big 3 if they do not comply with their regulatory guidelines