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| Repair your Credit and Regain Financial Control in Three Steps! |
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Thursday, September 6, 2007
What Good Credit Means In the situation you are currently in, bad credit might be the only thing that is keeping you from buying your own home. Perhaps you are renting right now, and watching your money beefing up somebody else’s equity? Maybe you feel like the situation is completely helpless and lost? The good news is that you can secure a mortgage with bad credit, however by restoring your Credit File and going back to a good credit situation, you are getting your financial house in order, which means you are on your way to a strong financial future. Here a just a few reasons why it’s a good idea to restore your Credit File: • There may be an error in it: A company you dealt with may not have reported details correctly. • Somebody may have fraudulently used your name: Maybe somebody stole your ID and tried to apply for credit on your behalf, without your authorisation. • Resolved items may need updating: If you have paid an outstanding judgement or default and it isn’t recorded on your Credit File, you need to notify Baycorp Advantage of this. Believe it or not, your Credit File could be repaired with just a phone call or letter. If you do have legitimate information on your Credit File that could result in you being rejected for a loan, there are still things you can do to improve the situation. Now I’m going to tell you! How to Repair a Serious Credit Situation – The Three Steps Got a serious bad credit situation and a litany of problems in your Credit File? No problem! Here’s what you must do to regain control and repair your credit: 1. Enlist a financial or debt repair company: Take a good look around in newspapers, the Yellow Pages, the internet and by watching television commercials. There are so many companies out there that can help you. They are all willing to take a fee and help you sort out your situation. 2. Speak to a bad credit mortgage broker: Bad credit mortgage brokers specialise in helping people with bad credit get a home loan that is good for them. They also help these people get control of their financial situation so their future is bright. Find the right specialist broker and get mortgage ready today! Bad credit mortgage brokers can help you to consolidate debt, clear debt and get a savings plan underway so you can own your own home sooner. 3. Obtain a copy of your credit report: You need to know what your Credit File looks like in order to improve the situation. Simply visit www.mycreditfile.com.au to find out how you can obtain a copy of your file. Identify the credit problems, negotiate with creditors to pay your debts and be well on the way to a strong financial future. Get Your Head out of the Sand! Too many people simply think if they ignore a problem, it will go away. You certainly cannot do this with financial problems, as you probably already know. Take action today to restore your credit and get back on the road to a good credit situation! Julian Thornton is a Melbourne-based mortgage specialist who owns and operates the highly successful Designer Mortgage Solutions Pty Ltd. Although specializing in the field of bad credit mortgages and financial coaching, Julian can help anybody into their own home and prepare them for financial success. Julian can be contacted by email at julian@designermortgagesolutions.com.au or by telephone on 03 9556 5431. Further information is also available at www.designermortgagesolutions.com.au . © Julian Thornton, Designer Mortgage Solutions Pty Ltd, 2006. Yes you can get a Mortgage with Bad Credit or Bankruptcy! With all of the negativity surround bad credit and bankruptcy, it comes as little wonder that the majority of people think mortgages are simply out of the question if you have such financial problems. The really great news – and I can vouch for this as a bad credit mortgage expert – is that mortgages are possible for people with bad credit and bankruptcy. The mortgage world is changing for the better and I’m going to tell you how this is the case. The Good News for People with Bad Credit or Bankruptcy Seriously, I could go on and on about the good news which allows people with bad credit and bankruptcy to secure a home loan, however I’ve decided to simplify it nice and neatly in the following: • Some lenders now realise that bad things happen to good people: Bad credit and bankruptcy are bad things and all too often they are happening to good people. In fact bad credit and bankruptcy are on the rise in Australia, and the trend isn’t about to slow down. Thankfully lenders are now realising it is wise to give people a chance. Put simply, some lenders are now prepared to take a calculated risk. • Bankruptcy won’t rule you out with some lenders: It is true that some lenders use a securing system to determine whether potential buyers are a credit risk, and if one is bankrupted, they will receive a low rating. Thankfully, some lenders are now looking beyond this rating and focusing on the individuals in need. • The wait isn’t as long for bankrupted people: Once upon a time, people had to wait two to four years after being discharged from bankruptcy to even apply for a home loan. The good news today is that some lenders are willing to grant a home loan much sooner. Those who have declared bankruptcy liquidation may be eligible for a loan one year after discharge, and those in a Part IX debt agreement may also secure a mortgage. • Large deposits and interest rates not the case: A common misconception is that a previous bankruptcy means a huge home deposit and high interest rates on the mortgage. Wrong! Today some programs require a deposit of just 5% and very attractive rates. • Pre-qualifying is possible: Today some lenders are pre-qualifying buyers for a loan, which saves time and makes for a more enjoyable, efficient home-buying experience. When a buyer pre-qualifies, they will have the advantage of greater negotiating power. Not Mortgage Ready? No Problem! Perhaps you’ve heard the good news about bad credit, bankruptcy and home loans, and you’re now saying, “All well and good for the people who are mortgage ready, but I’m not!” The great news for people who aren’t mortgage ready is that bad credit mortgage specialists can work with you to get you mortgage ready. No matter what your financial situation, such specialists can work closely with you to tailor a credit repairing, debt clearing, savings plan that will groom you for financial success and a good home loan! It may sound like a long, tedious process, however success is guaranteed if you stick to the plan your bad credit specialist recommends. Make your bad credit a thing of the past, and get into your own home sooner! Talk to a bad credit mortgage expert today and get excited about the possibilities! Julian Thornton is a Melbourne, Australia-based mortgage and debt analyst specialist. Julian specializes in the field of bad credit mortgages and personal money management coaching. Julian can help literally anybody into their own home and prepare them for financial success. If you need financial relief and desire control of you personal finances then Julian can help you. He is the author of “How To Get A Mortgage When No-one Wants To Give You One!” www.bad-credit-loan-expert.com © Julian Thornton, Designer Mortgage Solutions Pty Ltd, 2006. Little Known Money Facts What do you know about money? Bet you don’t know some of these factoids: WHAT DOES IT TAKE TO BUY A HOUSE NOW? In 1970 a new house cost twice the annual salary of a married couple even with only one person working. Today a new house costs eight times the annual salary with couples both working. HOW LONG DOES U.S. MONEY LIVE? The average life span of a $1 bill, is about 18 months. For a $5 bill the average life is 15 months The life span of a $20 is two years. The $50 and $100 notes don't circulate quite as often as the smaller denominations, so they last longer—the $50 bill, about five years, and the $100, eight and a half years. The average life of a coin is 25 years. HOW MUCH LOST OR UNCLAIMED MONEY IS THERE? In the united states there is over $25 BILLION in unclaimed money! The most common types of Unclaimed Property are: · Savings and checking accounts and safe deposit box contents · Stocks, mutual funds, bonds, and dividends · Uncashed cashier's checks or money orders · IRS refunds · Wages, child support payments · Matured or terminated insurance policies Chances are you or someone in your family is owed some lost money? You can search for you and your families portion of the nations unclaimed money at www.cashunclaimed.com WHO WORKS FOR MINIMUM WAGE? 2/3 of minimum wage earners are women HOW MUCH U.S. MONEY IS THERE? In June 30, 1910 there was $ 3,148,700,000 in circulation, which was $34.07 per capita. In June 30, 2000 $ 571,121,194,344 which is $ 2,075.63 per capita. HOW RICH ARE YOU? Three billion people live on less than $2 per day while 1.3 billion get by on less than $1 per day. Seventy percent of those living on less than $1 per day are women. Ever wonder how your annual income compares to the rest of the world. At globalrichlist.com you can enter your annual income and see how you rank in the world. www.globalrichlist.com WHAT IS $1.00 FROM 1955 WORTH TODAY? Ever wonder what $100.00 from the year you were born would be worth now… well now you can find out. At measuringworth.com you can enter any year since 1790, a dollar amount and find out what it is worth any year up to 2005. www.measuringworth.com HOW FAR DOES MONEY TRAVEL? Ever told a kid not to put money in their mouth because it is dirty? Well, money changes between many hands and you may never have known how truly far it has traveled. At wheresgeorge.com you can track a dollar by series no. and serial no. One dollar bill is recorded for 4,191 miles in 3 years! www.wheresgeorge.com IS A PENNY MADE OF COPPER? For decades prior to 1981 a penny’s composition was 95% copper and 5% zinc alloy. After Congress authorized a change in 1981 the penny is now copper-plated zinc—97.5% zinc and 2.5% copper. DOES MONEY MAKE PEOPLE HAPPY? A survey by Pew Research Center showed that nearly half (49%) of those with an annual family income of more than $100,000 say they're very happy. By contrast, just 24% of those with an annual family income of less than $30,000 say they're very happy. Forward these fun facts to your friends and family! |
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