The Extra Credit Show

"Credit Engineers" and Business Credit Funding Scams Galore!

In this episode we discuss some new crazy credit repair scams that we have been exposed to. Do you know what credit engineering is? We didn't, but somebody tried to sell us on it and after we were pitched the idea we barfed a little bit! Learn about this new ponzi scheme scam and get out of the way!

Also a new twist on an old scam - business credit funding! This one was pretty annoying to see because it happend to an old client of ours, luckily our client realized it was a scam and reached out before losing any money. Learn about the scam and how to combat it!

Also we bring up some interesting drama with Lexington Law who is getting sued by a debt collector under some RICO allegations which is a big deal! 

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

ID Theft Victim Interview: An extreme case of ID Theft and how LifeLock failed to help

In this episode we interview a long term client of ours who has undergone one of the most extreme cases of ID Theft that we have seen in our professional carreers. Our client, "Mr. T" gives us his side of the story and we discuss how he has had to deal with IRS problems, DMV problems, and of course Credit reporting problems. It is kind of a pain to prove that it was not you who had a DUI in another state in order to get your license in your home state....and Mr. T tells us all about it. 

Even after freezing his credit, the problem was not solved. Join us and take a listen and realize just how bad it can be to have your identity stolen. 

P.S 

Richard is back from Japan, but is terribly Jet Lagged, so NEXT week we will be back with a regular episode!

Anselmo Vs. Shady Debt Collector - Special Episode

We have been quite busy here at the office this month, and with Richard being in Japan vacationing- we are up to our eyeballs in work!

But no fear, Richard will be back next week and we will be back on track to deliver weekly Extra Credit Show Episodes.

I thought I'd share with you guys a little verbal back and forth against a Debt Collector that was threatning one of our clients with a lawsuit, which seemed a bit shady since the debt appeared to be past the statute of limiations. Take a listen to Anselmo take on a debt collector who really seemed like he broke almost every rule in the rulebook. You will learn how to spot a likely fake debt collector, along with the right questions to ask and what to look out for to ensure you are speaking with a legitimate company and not some phony debt collector wanting to intimidate you into paying something.

Thanks for hanging out with us every week!

 

The IRS Prank Call - Special Episode

I was receiving a bunch of voicemails from someone claiming to be with the IRS making threats about an arrest warrant issued under my name. I decided to call them back....and document it!

Don't fall for this scam, spread awareness! 

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

 

 

Charge-Offs: What is a Charge-OFF and how bad is it?

Charge Offs are a funny little word that is understood in many different ways. Some consumers believe once it's charged off you no longer have to pay for the debt. Some believe that a charge-off is a tax benefit for the creditor. So what exactly is a charge off and how bad is it for your credit score?

In this episode we breakdown Charge-Offs, and discuss how they happen, and what you can do about it. 

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

850 Credit Score Mindset - Good Credit Joe VS. Bad Credit Joe

People with higher credit scores have a significantly different mindset when compared to folks with a low or poor credit score. This is an interesting observation that we have made in the last 12 years that we have been helping consumers navigate credit issues. We breakdown some of the decisions made by "good credit" Joe and compare them vs. what "Bad Credit" Joe would do. 

Take a listen to the episode and let us know if you can resonate with some of our examples - and don't worry if you feel you fit the Bad Credit Joe mold - because we are here to help you change your mindset to have an 850 Credit Score Mindset! 

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

Mixed Credit: When somebody else's credit history shows up on your credit report

 

A mixed file is when credit information for two or more people is erroneously put into a given consumer’s report. Given that consumers have unique Social Security numbers, you would think mixed files would rarely, if ever, happen, but they do. Common reasons for mixed files include people, particularly family members, with similar names and/or addresses. Sometimes, people with similar names and Social Security numbers will become victims of mixed files. When this happens, information will be wrongly attributed to a given consumer.

 

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

ID THEFT: Data Breach Survival Guide

This is a MUST LISTEN  - 

Bottom Line: In this new age of Data Breaches being the new norm, your information is not safe. In this latest episode we discuss exactly what it means to have your information exposed in a data breach (Chances are it has happened to you) - and what you can - and should do - to protect yourself.

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

3 common credit issues and what you can do to fix them

In this latest installment of The Extra Credit Show - we tackle 3 common credit issues - as published by the CFPB. Link to article can be found here:

https://www.consumerfinance.gov/about-us/blog/3-common-credit-issues-and-what-you-can-do-fix-them/

Of course - we didn't exactly agree that these were common credit issues, so we threw in our own top 3 - making it a total of 6 common credit issues discussed - and we feel ours are much more relevant!! Take a listen and let us know if you agree!

Discussed in this episode are:

1.) Lack of enough Credit History

2.) Denied Credit

3.) Fraud/ID Theft

4.)High Credit Card Balances

5.)Ignoring Medical Collections

6.) Recent Late payments

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

Contact: TheExtraCreditShow@gmail.com

What the FICO: Breaking down the FICO Credit Scoring Model

Credit Scores are full of MYTHS!

FICO is used in 90% of lending decisions, and it is important to understand what FICO scoring models take into consideration when calculating your credit scores.

In this episode we breakdown the factors, and exactly how much of each factor actually affects your score. 

We breakdown:

Payment history (35%)
Amounts owed (30%)
Length of credit history (15%)
Credit mix in use (10%)
New credit (10%)

Take a listen and allow us to take you on a journey to Master your Credit Score!!

The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.

Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.

Instagram: @TheExtraCreditShow

Facebook: www.facebook.com/TheExtraCreditShow

Web: www.TheExtraCreditShow.com

Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY

P.S Section 609 Credit Repair Loophole is bogus, in fact it has nothing to do with credit repair. Read it for yourself.

Link to FCRA: https://www.ftc.gov/system/files/fcra_2016.pdf

Contact: TheExtraCreditShow@gmail.com