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Learn all about Credit Repair, Debt Settlements, Credit Reports, Identity Theft, Credit Scores and all topics related to Consumer Finance.
Episodes
Friday Feb 02, 2018
Friday Feb 02, 2018
Last week we covered the top 3 credit repair scams and tactics that are highly illegal and will land you in the slammer!
This week we cover legit credit repair strategies that are effective, ethical, and allow you to sleep at night knowing you won't end up in jail! A great compliment to Episode 3: How to build or re-build your credit history!
In a nutshell, Credit Repair is best used when grounded in facts, and there is alot of crap out there! We came across some section 609 bogus disputes that is marketed as a loophole and when you actually look into it....it's not a loophole. In fact we busted out the FCRA and looked at section 609 and it says NOTHING in the language that remotely resembles what they are claiming it resembles.
Other subjects covered in this episode are :
1.) The Anatomy of a Credit Repair Dispute Letter
2.) A debt validation letter - what it is, and how to best use it!
3.) The truth about the "30 day period" and what actually happens if the credit bureaus don't respond within 30 days
4.) How to avoid having your dispute letter kicked back as "frivolous"
Link to the FCRA act: https://www.ftc.gov/system/files/fcra_2016.pdf
Link to the FDCPA: https://www.ftc.gov/system/files/documents/plain-language/fair-debt-collection-practices-act.pdf
Claim your free dispute letters:
If you are here to claim your free credit repair dispute letter please email us at TheExtraCreditShow@gmail.com (we will email you the letter)....we couldn't figure out how to link the letters up on this site......ooops!
Facebook: www.facebook.com/TheExtraCreditShow
Contact: TheExtraCreditShow@gmail.com
Friday Jan 26, 2018
Friday Jan 26, 2018
Credit Repair has been around for a long time, and credit repair tactics have been developed that have landed people in jail charged with FEDERAL offenses.
In this episode, we talk about the top THREE credit repair scams and how to identify and avoid them so you can avoid getting caught up in them, and avoid the slammer!
Specifically, we go into detail into CPN numbers, buying tradelines, and filing false fraud police reports. Each one of these tactics is backed up with examples of federal/state prosecutions that were done against all involved parties, including the consumers that had no idea they were doing anything illegal.
Listen to this episode and stay out of trouble!
Facebook: www.facebook.com/TheExtraCreditShow
Contact: TheExtraCreditShow@gmail.com
Friday Jan 19, 2018
Friday Jan 19, 2018
The name of the credit score game is pay your bills on time! But have you ever noticed that the bills you tend to pay on time don't show up on your credit report nor give you good credit? Example: Your RENT, Your Cell Phone bill, utilities, internet....etc
BUT- If you don't pay them they get sent to collections and hurt your score. Lame!
In this episode we discuss all that is NOT included in your credit score - so you can understand the game and learn to play it better.
We also discuss how to add your on time rent payments to your credit history, and go in depth as to the major limitations associated with rental tradelines being added to your credit score.
Facebook: www.facebook.com/TheExtraCreditShow
Contact: TheExtraCreditShow@gmail.com
Friday Jan 12, 2018
Friday Jan 12, 2018
concept: higher credit score, less risk to the bank, lower interest to the consumer. Lower score, higher risk, higher interest.
Instagram: @TheExtraCreditShow
Facebook: www.facebook.com/TheExtraCreditShow
Web: www.TheExtraCreditShow.com
Monday Jan 08, 2018
Monday Jan 08, 2018
Have you ever heard that "Medical Debts / Collections do not hurt your credit score" ??
That is incredibly inaccurate and we debunk that myth. 52% of all collections on Credit Reports are Medical based debts, according to a report released by the CFPB. In this episode, we discuss the nuances of medical debts that get turned over to a collection agency, and how that can adversely affect your credit score. If you have medical collections and want to understand how to repair your credit, this episode will help you understand exactly how much medical collections are actually hurting your credit score.
Link to the CFPB Study :CFPB Medical Debt Study
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.
Watch the show on YouTube: https://youtu.be/OQLsrEDSL1I
Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.
Facebook: www.facebook.com/TheExtraCreditShow
Web: www.TheExtraCreditShow.com
Contact: TheExtraCreditShow@gmail.com
Thursday Jan 04, 2018
Thursday Jan 04, 2018
Do you Remember 2011?
In 2011, now 7 years ago, a bunch of crazy things happened. Osama Bin Laden was killed, Prince William married Catherine Middleton, Steve Jobs Died, and Obama released his birth certificate! If you also stopped paying some or all of your debts in 2011, then 2018 is YOUR year. We are talking about foreclosures, short sales, credit card debts, auto loans medical bills, etc, all that will reach it’s statute of limitations for credit reporting under the Fair Credit Reporting act in 2018.
But what exactly is the statue of limitations, and can it be reset? What if the debt collector sells it off to another debt collector? What if you dispute it, can that reset it? The questions and scenearios are limitless and we go deep into the topic of the seven year statute to explain all the nuances of the most misunderstood credit reporting myth!
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 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.
Watch the show on YouTube: The Extra Credit Show
Available on Itunes, Stitcher, Google Play, and everywhere Podcasts are found.
Facebook: www.facebook.com/TheExtraCreditShow
Web: www.TheExtraCreditShow.com
Contact: TheExtraCreditShow@gmail.com
Tuesday Jan 02, 2018
Tuesday Jan 02, 2018
Two Veteran Credit Repair Experts, and Ex-Debt Collectors go in detail about the nuances of building your credit score and credit history. Learn exactly the steps to take and products to obtain to build your credit history the right way.
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 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 and gain some insight from our long time experience in consumer credit.
View the show on YouTube: The Extra Credit Show
https://www.youtube.com/channel/UCTetBm7OTGpocltJKlKAixQ
Facebook: www.facebook.com/theExtraCreditShow
Web: www.TheExtraCreditShow.com
Tuesday Jan 02, 2018
Tuesday Jan 02, 2018
Have you ever heard these words: "This is an attempt to collect a debt, and any information obtained will be used for that purpose..." ? What Rights do you REALLY have, and how do you exercise them?
Two Veteran Credit Repair Experts, and Ex-Debt Collectors, discuss Debt Collection Agencies and how to effectively deal with them.
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 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 and gain some insight from our long time experience in consumer credit.
Tuesday Jan 02, 2018
Tuesday Jan 02, 2018
Veteran Credit Repair and Consumer Credit Experts discuss the truth about the Debt Consolidation Process and how companies can take advantage of consumers who find themselves desperate for debt help. We also comment on the lawsuit filed by the CFPB against Freedom Debt Relief.
Listen as a podcast on iTunes, Google Play and SoundCloud - www.TheExtraCreditShow.com
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