This story is about my sister, Dana Jones, and me. She and I have known each other our entire lives. Well except for the 2 years and 4 months that I waited for her birth. Growing up I made it very clear that I was “Two years and four months older than her”. I guess it was to indicate that I was older, maybe wiser and definitely her boss. Well, maybe not boss, but that I did have some type of “older than you” privilege. Now that we are “much older,” she now enjoys reminding me that I am two years and ….well I think you get it.
Our parents made us grow up together. Yes, under the same roof but we did have our own private bedroom. That in itself may have saved us from even more arguments, disagreements, fussing and fighting. I guess from this you may conclude that we were polar opposites. She was noisy, mouthy and could have a “bull in the china shop” approach to life, while I was quieter, an introvert and far from radical. I liked Barbie and she didn’t. I liked make-up and she didn’t. I liked to dress up and she was fine with blue jeans and a t-shirt. Don’t jump to conclusions. I liked casual wear too. The whole point is that we didn’t agree on much of anything.
Once we were older teens and after I got my first car, at age 16, we went everywhere together. Got along and no real drama. After I met my husband-to-be and began spending all my time with him, she began to feel that I had abandoned her. I never really realized how that affected her until I was much, much older…like maybe in the past 5 years.
During all of these years we have not gotten along. In October 2007 we had 23 years of irreconcilable differences behind us. She was not working at that very time and I called to see if she could temporarily help me at my business with data entry. She immediately drove to my business and went to work. (she loves keying). Well, a few days turned into a few weeks and we were getting along so well that we would laugh throughout each day and openly ask each other when the blowup would be. Even family and friends had raised eyebrows and wide eyes. They anticipated a soon-to-be explosion.
Weeks turned into months and throughout those months, we talked and talked while we worked and began pouring out our thoughts and misguided beliefs about each other. God healed our minds and hearts which lead to each of us getting a new prospective, based on truth and nothing else. By January 2008 we were laughing, sharing memories, (the good ones) and loving each other. We learned that our differences weren’t a weakness, but assets for each of us. And what we really learned is that our differences placed together makes a great team to run a business. By June of 2009 she was able to return to her former job, but our new-founded love and respect didn’t go anywhere. Embracing and celebrating each other has been so easy since then.
I started this financial and credit repair business in February 2014. The business has continued to grow and for several years I have so longed for Dana to be by my side running this business. I knew that I couldn’t compensate her as well as she was earning at her job. Nevertheless, September 2019, I was certain that my tongue-in-cheek approach of asking her to quit her job and partner with me would be taken with a grain of salt. Instead, a week later she called me and said that she was ready for that leap of faith and she did. Ironically, October 2019 which was the same month in 2007 that she began working with me at my previous business, a full-time photography studio.
We can’t be any happier with how we work together. She loves the back-office, accounting, client services and data entry and I love the marketing, client intake and sales. We are still very much different, but I refer to us as peanut butter and jelly. It’s opposite stuff but makes a great sandwich.
This BLOG is dedicated to my Lord and Savior for paving the way for our healing. To my sister, Dana. To our late father and our loving mother for all the years that they have prayed for us.
Starting October 31, many members of the military will have access to free electronic credit monitoring, which can help them spot identity theft.
In response to a new FTC Rule implementing a 2018 law, the nationwide credit reporting agencies—Equifax, Experian, and TransUnion—are providing free electronic credit monitoring services to active duty service members and National Guard members. Credit monitoring services can alert consumers to mistakes or problems with their credit reports that might stem from the unauthorized use of their personal information to obtain credit.
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Juliana Gruenwald Henderson
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We offer a debt assistance program that you pay 50% of your debt interest free.
Wondering if this is for you? This debt assistance program is for anyone that can’t pay out of debt due to paying minimum payments or a even more than minimum. If you can answer YES to at least one of the questions below you need to contact us.
Regardless of credit or income you can qualify the this debt assistance program.
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Why do your credit scores drop when collections are paid? That’s right, fact is stranger than fiction. We have reviewed credit reports that scores have fallen from a few points to well over 100 points after paying just one or multiple collection accounts to a zero balance. So here’s the other question. How does one avoid damaging their credit scores while trying to pay their past due bills? Be sure to continue reading this article to learn more.
Our society has taught us that if we pay our bills that all will be well. And that should be the truth, but not necessarily when it comes to collections listed on your credit report. If the collection is not listed on your credit report, then paying it will not have any affect on your credit scores. (but that’s a different blog for a later date).
Why you should be concerned about paying debt collection companies. May times you may not owe the collection or at least the amount that they are attempting to collect. WHY?
There are several reasons why it may not be yours. Did you make a debt with the debt collector? No you didn’t, but they can legally purchase or collect on the debt as a third party, but you have the right to validate that the debt is completely correct and is yours.
ReScore Solutions validates debts and balances all the time for our clients. We are very successful in getting debt collections removed from credit reports and most of the time our clients will never have to pay them. No, we aren’t trying to help people avoid paying their bills, it’s just that you have the right to have the debt validated and pay only what you owe.
If I called or sent you a letter and said that you owed me $500, would you just pay me? If you have never done business with me you need me to prove that you owe me. The same principle with paying a debt collector.
So a you may get a tax refund and decide to repair their credit by paying all those collections that are reporting on your credit reports. The feeling is great to get all those collections paid, but short lived when you apply for an auto loan, mortgage, or credit card and told that you are declined. I can hear you now, “But, but, but I don’t understand, I have paid all those negative accounts on my credit reports.” Guess what? It’s actually surprising to learn that paying off collections will actually lower credit scores.
Collections are usually reported on the credit as a “9” status or collection account. This means the account has already been “written off” and assigned to collections by the creditor. Once an account is reported this way on the credit report, the damage to the credit score is irreversible, unless that item is removed completely from the report. That’s where our services are so valuable. We handle all of this for you and watch for any violations of the Fair Credit Reporting Act and the Fair Debt Collect Practices Act. These laws are very powerful and are working for you.
If the account is paid off, the collection company will report that the account now has a $0 balance, but usually will not delete the item off the report. It’s actually legal for a debt collector to continue to report a paid collection. The account has already become a collection, and the risk of the consumer defaulting on another account is already very high, due to that collection.
So your credit score will not go any higher if it is paid off, because paying off a collection after the fact, doesn’t lower the risk of defaulting in the future.
However, the DATE OF LAST ACTIVITY is updated to the date the account was paid off. So if that account was sent to collections 3 years ago, the date of last activity is 3 years old and the impact to the credit score is not as much. But if you, the consumer pays off that collection today, they just update the date of last activity to today’s date, sometimes causing the scores to go DOWN as a result.
Crazy isn’t it? You are trying to do the right thing and pay off collections, but your scores can be lower as a result.
ReScore Solutions is very successful in getting paid and unpaid collections removed from credit reports and many times our clients will never have to pay them. We use a factual dispute process to get these removed. We get far more collections deleted than not. But when the collection is properly validated, we can help our clients work with collection companies to have their negative item removed completely from their report, if they pay it off. This will help their credit while satisfying the collection company.
Click Here to help understand how Bob got his credit improved.
Fill out the above form to have a sales representative contact you about getting started with getting your credit back on track. You pay after work has been completed and we have payments as low as $100 a month for individual and discounts for couples.
Call reScore Solutions (a Kirkpatrick & Associatescompany) if you have had a foreclosure and ready to purchase another home. We can advise you of your rights and help you rebuild your credit.
If you have recently experienced a foreclosure or short sale, it is important to know the effects those events will have on your credit report and credit scores. You may be concerned about being able to qualify for another mortgage, car loan or even a credit card.
Yes, you can #regain your credit status. This is where we can help you in rebuilding your credit and credit scores. Let’s take a look at some valuable information regarding your credit after a foreclosure. Even with this information, it can be confusing to how and when to rebuild. There are many loan and credit card companies that are ready to capitalize on your situation and charge exuberant fees and interest rates to “help” you rebuild. Here, at Kirkpatrick & Associates, we can help guide you through the process without you paying those loan sharks.
1. Question: I was told that I would not be able to have credit for 10 years after Bankruptcy and not sure how long after a foreclosure.
Answer: A Bankruptcy can remain on your credit reports for up to 10 years, but you can rebuild your credit immediately after your Bankruptcy is dismissed. With re-established credit and credit scores, you can purchase a home after 2 years of Bankruptcy, that did not include a foreclosure and 3 years with a foreclosure.
2. Question: How will your FICO score consider a foreclosure?
Answer: There’s no denying that foreclosures are considered a very negative event by your FICO score. With that said, it’s a common misconception that a foreclosure will make it impossible to rebuild your credit. In fact, if you keep all of your other credit obligations in good standing, there’s a good chance that your FICO score could begin to rebound in just 2 years. Try to pay your auto loans, credit cards and any other credit obligations on time to limit the effect of this foreclosure. [FICO.com]
3. Question: Are other options better for my credit standing?
Answer: Recently, several alternatives to foreclosure have become popular – some of these include “short sales” and “deeds-in-lieu of foreclosure”. These may be viable options for you, and you should definitely do research to determine if these options make sense for your situation. However, as far as your FICO score in concerned, there is no difference between foreclosures and short sales or deeds-in-lieu of foreclosures. Each of these actions is considered an account that was “not paid as agreed”, and will have the same impact to your FICO score. [FICO.com]
4. Question: How long will a foreclosure affect my FICO score? Answer: A foreclosure remains on your credit report for 7 years, but its impact to your FICO® score will lessen over time. While a foreclosure is considered a very negative event by your FICO score, it’s a common misconception that it will ruin your score for a very long time. In fact, if you keep all of your other credit obligations in good standing, your FICO score can begin to rebound in as little as 2 years. The important thing to keep in mind is that a foreclosure is a single negative item, and if you keep this item isolated, it will be much less damaging to your FICO score than if you had a foreclosure in addition to defaulting on other credit obligations. [FICO.com]
Thank you for allowing us to help your with your current credit issue. We would love to talk to you and invite you to call our office if you have concerns regarding your credit situation and feel that we may be able to assist you. Our number is 205-352-3448 Monday – Friday 8:30 to 5:30. We value our patrons and do our best to answer every call. If we are not available, the receptionist will be happy to forward your call to the voicemail. Please leave a message or email her at Gale@reScoreSolutions.com or Regina@reScoreSolutions.com
ReScore Solutions can assist in improving the worst credit scores and even improving healthy credit scores. Higher credit scores means paying less in interest rates. Lower credit scores will result in higher insurance premiums and higher interest rates.
FICO, or Fair Isaac Corporation, has been the leader in credit scoring since the 1950s. The FICO score is used by more than 90% of lenders and is considered the industry standard. Your score will range from 300 to 850, the higher the better. It is calculated as follows:
Have you ever been turned down for a loan or an apartment lease and wondered why? It could be due to your credit history. Let’s face it–our credit says a lot about who we are. It is our financial report card, and can affect many aspects of our lives. If you are experiencing being turned down and high interest rates call us today. We can help you rebuild your credit and raise your credit scores.
HOW DOES CREDIT WORK
When you apply for credit (say a loan or a credit card), the lender has to decide if you are a good candidate for receiving the loan. The lender’s decision is based heavily on your credit history. They have to assess the level of risk involved if they are to extend credit to you. If you have displayed a poor repayment history, it is less likely that you will be approved for the loan or a line of credit.
The data available through the credit reporting agency that’s been selected to calculate your score (Equifax, Experian or TransUnion) will determine that three-digit number, whether that data is right or wrong. That’s why it is so important to review your credit reports; at a minimum get your free credit reports from all three bureaus once a year look them over to determine if all of the accounts are yours, any late payments that aren’t accurate, liens or judgments that aren’t yours or updated as paid.
One of my former clients did not realize that he had a judgment on his credit reports that was not his. Mr. Smith’s daughter had provided his name as an emergency contact for the apartment she ;had previously rented. She defaulted on the apartment rent and was sued and she paid the judgment through a payroll garnishment.
Although this had been taken care of the apartment management placed the judgment on Mr. Smith’s credit reports. It was illegal and had affected his chances of getting a loan. We were able to take care of this and had it removed within 35 days or less.
Since the three agencies don’t share information with each other, you’ll want to check all three. After all, you never know which reporting agency a lender will use to obtain your score, so you want all of them to be as accurate as possible.
FREE CREDIT SCORES
In an effort to obtain your credit score for free, you may have signed up with Credit Karma or Credit Sesame. But then you applied for a credit card or car loan and realized your FICO score was different than the free score. Why is this?
Both Credit Karma and Credit Sesame calculate your credit score based on proprietary scores from two of the major credit reporting bureaus. However, this is not the same thing as a FICO score. Instead of using the FICO algorithm, the bureaus use their own algorithm for free scores.
Does your age shut you out? Looking for a job? For those in the 50+ age bracket, you may have found that the economy in 2008 may have affected you too. You may have taken an early retirement or was let go. You were possibly in your 40’s or early 50’s at the time, well experienced in your field and thought that it would be fairly easy to move on in the work force. You may have found that finding steady employment has been more than a daunting task.
Then too, there’s a perception that people over 50 or 60 will be just passing through as a transition into retirement. Employers are reluctant to hire someone they think will be out the door in a year or so.
The fact is that compared to their younger colleagues, workers with a few decades of experience under their belt are typically better problem-solvers and people -managers and have honed leadership skills over time. I know that I am preaching to the choir, but you need to show that to potential employers.
Here are several strategies that can help you fight back against stereotyping and discriminating against individuals or groups on the basis of their age.
Networking is just one letter off from not working. In this era of online resumes, it’s all about who you know that can get you in the chair for a face-to-face interview. When companies are looking for new employees, they rely on employee referrals. In 2011, employee referrals accounted for 28% of new hires, followed by job boards 20.1%, career pages on company web site.
You need to pick up the phone and call everybody that you know, ever knew, ever worked with and every employer that you ever worked. That’s the way to get an interview. You need to establish personal connection to the company.
Call or sit down with a spouse, friends, neighbors, church friends and ask for help. Write down the names of previous employers and former colleagues, immediate and extended family. Don’t be embarrassed to call family members when you’re out of work. Get over it. Call friends, people in your place of worship, athletic club, volunteer organizations, parents of children’s friends.
If there is a particular industry you’re hoping for, join an association affiliated with it and seek out volunteer opportunities. Attend industry and professional meetings and conferences.
College and university placement offices are there to help no matter how long ago you graduated. Seek out career centers operated by your area colleges or lacal lgovernment agencies offering career counseling, workshops on resume writing, job fairs and retraining programs.
Don’t be timid. You have to take the risk of picking up the phone and having someone to say no, and maybe. No matter how good your resume might be, unless it helps you get a face-to-face interviews with hiring managers, your efforts are wasted.
It’s all in marketing. Brand yourself. You are responsible for your own image. Workers 50+ tend to be self-starters, know how to get the job done, and don’t need as much handholding as those with less experience. A great benefit to being older is that you have a good deal of knowledge and leadership ability. So pitch your age as a plus. You need to be able to articulate your value.
If you don’t have core technical skills, check out your local libraries, community colleges and other venues where training is offered.
Take the time to get savvy with the following:
There are opportunities available for those needing extra money. Depending on work experience, here are are a few to consider.
Landing a holiday job:
Soul-search for the issues that you care about. What skills do you have to help move into the sector. Research the nonprofit world and understand what you can do for the specific field you’re getting into. Volunteering first can give you an insider’s view and networking contacts that may lead to a job.
Consider taking a course to fill in any holes in your background. Credentials help in the nonprofit world.
We find that many people in or nearly in their retirement years are using credit and credit cards to supplement their income, thus causing debt that can not be recovered from. We at reScore Solutions may be able to help. Call us today for a free credit report evaluation. If we can’t help you, we have a pipeline of professions in many industries that may be able to save your home, save your credit and assist in other avenues. 205-352-3448
Additional information regarding this blog can be found in the book: AARP Great Jobs For Everyone 50+ By Kerry Hannon