Tag Archives: credit repair

How to Maintain a Good Credit Score with Credit Repair and Debt Consolidation

debt relief, credit repair, debt consolidation

Beginners Guide to Credit Repair and Debt Consolidation

The best kept get out of debt secrets

Having and maintaining a great credit score and low debt is paramount in todays credit crazy culture.

In todays economy you need to purchase many items with a credit card like airline tickets, online purchases etc. so good credit is essential to your financial health.

If you have bad credit or poor credit then you will need to find ways imporove your credit report now.

This can easily be done with credit help counseling, or credit repair services that will review credit repair techniques and debt consolidation strategies that work for you.

When do I Need Credit Repair Advice?

In the current world that is witnessing skyrocketing prices of goods,

huge level of inflation and increasing debts and taxes,

it is time for you to sit down and ponder about clearing off your credit card debts and other loans you’ve taken,

before your creditors come down upon you and make you go completely bankrupt.

Tyler Gregory  stated that “If you don’t take good care of your credit, then your credit won’t take good care you.”

This statement is very valid in today’s scenario where people fret and worry more about a low credit score and dwindling bank balance than anything else.

It is highly important that you stay aware and updated about mind boggling, yet essential…

…terms that will haunt you for days to come.

Also acquaint yourselve with ways to resolve them, in case you fall into such situations.

You must have heard the term called “credit repair” many a times over casual chats with your friends.

If you’ve ever had a poor credit score (below 601), you should probably sit upright and read through this entirely.

Here is a step by step credit repair and debt consolidation strategies presented to you in the simplist and most easily understandable way.

Here is the Deal:

Understanding Credit Repair and Debt Consolidation

crdit report, credit repair specialistLet’s first try to understand the term credit repair. In the most technical terminologies,

credit repair basically involves fixing a bad credit in any form and shape, disputing errors on credit reports.

In order to deal with dispute process you can approach the credit bureaus and complete the process for no fee by yourselves.

You would be required to file a formal dispute with the credit bureaus either online or through mail.

This formal dispute presents a detailed explanation of the error, which needs to be supported with the required documents along with it.

In case you are unable to resolve the issue, you can seek a credit repair specialist or get  help from a credit repair company that offers a credit repair program that will dispute errors on your behalf.

But before venturing into hiring process (if you plan to submit your case to such organizations) let’s quickly understand the basics of Credit Repair Organizations Act.

Credit Repair Organizations Act, a federal law that came into effect on April 1, 1997,

when large number of consumers suffered from credit repair scams ensures that credit repair service providers are…

…Prevented from taking money from the consumers until their services are fully catered to
Providing a written contract stating all the services they provide,

along with the terms and conditions for the payment.

As per the law, consumers can withdraw from the contract within three days.

Prohibited from making false claims with respect to the services that they intend to offer to the consumers.

Forbidden from asking the consumers to sign any document that leads to forfeiting of their rights under this Act.

You Might be Wondering:

Best Methods to Fix Credit Repair on Your Own

It is impossible for you to fix your credit quickly.credit consolidation loan, credit repair

Repairing you credit is going to take some time. So be patient.

Information about your delinquencies and late payments are reflected on the credit report and will remain as such for many years..

However, here are a few steps that you need to follow to deal with your credit repair loan so that you build a positive credit history which will eventually improve your credit scores as well.

1. Keep a Check on Your Credit Report

You need to thoroughly check your credit report for getting a good grasp of your credit picture and what the creditors get to see in that.

You can always file a dispute, in case you find any incorrect information in the report.

For example, the items on your credit report that seem unrecognizable to you, can also mean presence of some fraudulent activity.

You need to have a clear understanding of fraudulent items vs. incorrect items given in the credit report.

2. Keep Track of Your Payment History

It is important to have a good payment history to show off as delayed or missed payments lead to lower credit scores, public records and collections may cause more damage.

This negative information stays on  your credit report for 7-10 years.

Be aware that the more recent your missed payments are and the larger your credit debt is,

the lower your credit score will be.

A well maintained account and timely payment will boost your credit score higher.

3. Be Aware of Your Credit Utilization Rate

A credit utilization rate is the amount of outstanding balance compared the available amount of credit that can be accessed;

it is also called the “balance-to-limit ratio”.

That is, it is the total sum of all the revolving debt divided by total credit available (for that particular credit card, for example).

If the credit utilization rate remains high, your credit scores are sure to be impacted.

Ideal credit utilization rate is assumed to be below 30%.

In order to reduce the credit utilization rate either pay off all account balances to reduce the overall debt,

or increase your credit limit on the existing account or open a fresh account
in order to increase the total available credit.

But the second option surely is a risky one.

4. Manage Your Credit Accounts

credit card debt, business debtCredit scores take into account each and every account you own and the amount you against each of them.

It is a good idea to pay off the debt against some of the accounts, in case you own more than one credit card.

Also, the more paid-off accounts or debt cleared accounts can be a plus in the overall credit mix as they are old accounts maintained in good standing.

5. Consider Your Credit History

It is a wise move to give a thought about your credit history before you close an account.

Credit scoring models often seek the age of an individual’s oldest account along with the average age of all other accounts,

in order to reward individuals with long credit history.

It is considered beneficial to retain an account whose debts have been cleared off.

6. Stay Wary of New Credit

A good credit repair tip to consider is to think extensively before opening several credit accounts in a short span of time.

This can be a risky procedure for the lenders and might later affect your credit scores.

Whatever inquiries you make, whether for buying a car or for mortgage rates, they will be grouped and considered a single inquiry for adding information to the credit report.

The inquiries into your credit report will negatively impact your credit score so be aware of this when applying for more credit or loans.

If  you feel that your credit debts are getting out of control or too large to handle on your own…

…then you should seriously consider seeking a professional credit repair expert for advice.

You can get a free credit repair consultation from CuraDebt, one of America’s top credit repair and debt consolidation companies.


How Do Credit Repair Firms Help You

An established and experienced firm scrutinize credit reports from all the major credit reporting agencies and puts your credit issues on the table for you to understand.

This is because each credit reporting agency may have its own lenders, debt collectors,

…and credit card companies who will collect all the credit information and report the same to such agencies.

Chances of errors in any of these reports are high and it is important for the companies providing credit repair help to have a thorough information about the same.

In case errors or discrepancies are identified in your report, necessary documents have to be provided by the consumer to the credit repair company…

…in order to rectify those errors and generate an appropriate report for you.

How Can You Identify the Best Credit Repair Firm

As the market is strewn with credit repair service providing firms,tax debt counseling, debt settlement plan

it surely would be tough task to identify the right one to deal with your kind of problems.

Here are a few tips to consider, before you finalize a firm to do your job.

The company is aware of your rights and also helps you understand them.

Find a firm that genuinely explains you the consumer credit rights and answer all your questions.

If the firm is unable to do it, it’s a red flag that you should keep looking for a more knowledgeble firm.

The firm should understand the reason why a consumer wants to dispute an item on the report presented by the data furnishers and credit bureaus before they start offering solutions or sign a contract with them.

The company is able to explain how they can best represent a consumer to the credit bureaus.

A good credit repair company is the one that gives an accurate information about all the services they can and can’t provide before the consumer hires them.

So in case you are wondering as to how long the credit repair firms take to deal with your case and how much will they be charging you, here is what you need to know.

In order to remove negative and erroneous information off your report, the credit bureaus take a total of 30 days or less (exceptional cases may extend to 45 days) to respond and resolve a dispute.

The price of credit repair services offered by a firm depends upon the company, the state you reside, and the type of services you are seeking from them.

It is important that the consumer is aware of what type of services he requires and signs up for  with the firm.

Another term that you need to understand when it comes to keeping your finances on check and debts at bay, is debt consolidation.

This procedure may sometimes be a boon in disguise as it will help you pay off most off your debts and relieve you off the constant stress and worry from them.

Let’s take a look into this method a little more in detail and understand how it is going to help us.

Debt Consolidation and the Methods Involved

Debt consolidation is the method wherein you take out a new loan so that you can pay off a number of unsecured debts – liabilities and consumer debts.

That is, you are attempting to combine multiple debts into a single, large piece of debt which can have better pay-off terms like low rates of interest, low monthly payment, etc.

This method is a common one when it comes to clearing off student loans and credit card debts.

A consumer can utilize numerous ways to combine all his debts into a single large chunk.

One possible method is to merge all credit card payments onto a new account, in case the credit charges very low or no interest at all for a particular time period.

Another option can be opting for balance transfer feature of a credit card.

Other forms of consumer debt consolidation methods can be going for home equity loans –

which is essentially a mortgage of your home until you pay your debts – as the rate of interests on the loan is deductible.

Major Advantages of Debt Consolidation

debt management, debt consolidation loanFor people who have numerous debts, or owe close to $10,000 and above,

as debts are contacted frequently by the collection agencies,

owe accounts that charge high income rates and monthly payments,

are not able to negotiate lower rates of interests on loans and are having a tough time making payments for their debts, a debt consolidation strategy is an absolute necessity…

… as this plan will help you pay off your debts and never be troubled by the collection agencies.

But here is the kicker:

if your debt consolidation loan is backed up with an asset,

you can also qualify for a tax deduction as Internal Revenue System does not allow a consumer to deduct interest on any debt consolidation loans that is not secured with an asset.

In the case of the use of home equity, debt consolidation loans are tax deductible and thus such loans can help you improve your credit score.

Types of Debt Consolidation You Can Go for

Home Equity Loan

This is one of the most affordable and safe methods of consolidation as you have a choice of selling the house in case you are unable to pay your debts on time.

This method will, help you pay your debts and free you from them, making life easier and stress free.

You will be required to pay just one monthly payment, which will be way less than the total previous outstanding debts that you were paying.

Also, your lender can opt to pay other debts from the funds from home equity loan and ease you off some strain.

The major advantage of this loan is its tax deductible feature, thus proving to be the most essential form of debt consolidation plan.

Credit Cards Offering Low Rates of Interest

Now in case you do not wish to opt for home equity loans, as you don’t own a home, you can always opt for credit cards that offer very low or zero rate of interest.

Although there are high chances of getting signed up to a  fraudulent credit card company that lure you into signing up with them…

…the best way to keep a check on them is to look out for such credit card companies that focus on the consumer’s’ credit score or sound credit.

You also have to focus on the terms and conditions put across to you by the company, before you give your final word.

Take these precautionary steps before agreeing to  them:

Read their agreement thoroughly.

credit loan application, credit repairTake a note of the rate of interest that you will be required to pay after you sign with the company.

Always make your payments on time.

Even if you are late on one payment, the company can jack up their interest rates on you.

Have a keen eye for hidden charges and fees that may be present and can make the seemingly low interest look high.

Personal Debt Consolidation Loan

This method is a way to combine  all your bills into one and pay them all off with a sigh of relief.

Personal debt consolidation loans generally bundle all the existing and current debts and gives you a lump sum for paying off your combined cards or debt with single lower interest rate bill.

Although this seems a good alternative, consider the following before you jump onto it:

Be aware of the terms and conditions of the consolidation loan you are planning to procure and ensure that it doesn’t burden you by adding onto the amount that you are currently paying.

As you have no asset to secure the loan, the lender will surely hike up the interest that they will charge you.

Poor credit leads to high rate of interest and the possibility of the getting your loan turned down by the lender.

So be prepared for the same.

Applying for loans at banks and credit unions is a much better option they offer better rates of interests to the members and thus save you from higher rates.

It is best to do a survey of rate of interests and their terms before settling down for any firm.

What’s the Bottom Line?

It is always best to maintain a good credit score and pay your debts on time.curadebt credit consulting

If you fall prey to mounting debts, you can choose appropriate credit repair and debt consolidation methods to free yourself from the clutches of debts.

This is not an area where you want to do it your self.

There are some areas of expertice that just requires calling in a top professional to help you out, and this is one of them.

(For me it is plumbing!)

One of the top debt consolidation and credit repair companies operating today is CuraDebt.

CuraDebt has received numerous awards and are always ranked at the top for customer satisfaction.

Just click this link NOW for your FREE Credit Consultation.

debt relief, credit counseling, credit consultant




Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.


Which States Have The Worst Consumer Credit Debt?

spending money, credit card spending

Worst States for Credit Card Debt and Personal Consumer Debt

Guide to high consumer credit card debt states


While the new Trump economy is starting to expand and provide wage increases for many Americans for the first time in sixteen years…

…many people who got mired in credit card debts or maybe even IRS or state tax liens,

while struggling to stay afloat during the terrible Obama economy are not able to partake in the new economic expansion due to their heavy debt burden.

Even though the economy is growing, oddly enough, consumer credit card debt is growing right along with it.

The financial scene in the US has now changed.

America is facing an increase in the credit card debts at new record levels.

In fact, it can be seen that consumer debt at the end of the first quarter of this year has increased considerably, reaching an all-time high.

It has now beat the previous record during the 2008 financial crisis.

The credit margin available for the consumers today is way more than what it was a decade ago, thanks to the improving Trump economy,  after quite a few years of economic stagnation.

This is major,  because the lenders have relaxed their lending standards so as to attract more customers for opting into credit cards.

Thus, many American’s splurge to the maximum and spend inadvertently, completely unaware of the many debts they will fall prey to.

Even if leniency in the lending policies are implemented, it will only pave the way for more consumer debt and credit card debt.

Although the cost of living in each state differs greatly as it is dependent on local economic factors which actually determine how the customers go about their expenses…

…the credit card debt, too, varies in each state.

You Might be Wondering:

What Is An Average American’s Credit Card Debt?

credit card debt, business debtAn average American’s credit card debt used to be close to $3,600, which has now risen to $5,700 in 2017 as per data collected from the statistical survey conducted in various states.

It is also proven that every household has some amount of debt with the credit cards they own.

Another interesting point to note is the average age of the people in America who are dealing with the mounting credit card debts each month.

It is surprising to find out that the citizens in the age group of 45-54 are the ones who have huge debts on their credit cards to take care off.

Millennials and old people hold the least credit debt to in their accounts.

An important factor to be considered here upon looking at the amount of credit card debts one is handling…

…is that we can easily spot that people who are not earning a lot, falling prey to these credit debts in comparison to ones whose income is way more than his credit debts.

For example:

If a person earns $200,000 a year, and has a debt of $30,000, it may not seem an impossible feat for him to clear that amount.

He has an option of reducing his expenditure in other areas and focus on the debt against his account.

But for an average American who is hardly earning around $30,000 a year, even an amount equalling $5,000 will seem huge and stressful.

He will be drowning in debt for quite a while before he can clear it up.

Only then can he focus on shelling the money out in other areas of expenditure.

The amount of debt is not the only factor of concern for the person trying to clear it off.

The rates of interests that are kept so high in today’s scenario make it nearly impossible  to come out of their debts any time soon.

If the principal amount could be cleared off in one year, the rate of interest added to the sum will never let you complete the same in a year…

…it could easily take two or even three years.

To add salt to the wound, the rates of interest are soaring higher and higher each passing year.

Major Factors For High Credit Debt in the US

Avoiding unfavorable details in the credit score is very important because if any such details are reflected in the credit report, it takes a good seven years to repair.

As consumers, you can damage your credit score very easily and getting a high credit score will become an  unfathomably tough job.

Many times, a poor credit score results are due to poor using of credit card…

…the problem is with user, not card.

The most important thing to remember with using credit is to always, always, always make your payments on time.

These are the major reasons due to which users fall prey to credit card debts and suffer most of their life, paying the heavy debts with nothing much to save.

This is Crazy:

Using Credit Cards Even When Financially Unprepared

Credit cards are a perfect trap for those customers who get carried away by the various offers and gifts attached to it, whether they win them or not.

The customers are not ready…credit card debt, business debt

…not financially prepared to pay the debts that get accumulated easily with these cards.

Credit cards are seen as unlimited flow of cash,

instead it is a ruthless trap to attract people to fall into.

Once the customer starts paying for his purchases through credit card, it becomes an irreversible habit and debts only keep rising day by day.

It is not just the youngsters, even adults are lured into the credit card trap pretty easily.

Anyone purchasing with a credit card must realize that such shiny, plastic cards can come handy only when there is a steady income coming into one’s bank account.

Also, if the salary is meager, it is again a problem for the credit card owner.

2. Spending More Than What Can Be Handled

shoppingGenerally, customers start with one credit card and before they realize, they may have added more than two or three.

People sometimes forget to track their spendings and go beyond what they can handle.

It might seem like a wise idea to assign different functions to different credit cards but you should be financially sound and aware of handling different cards.

If you are not smart enough to handle it, be sure not to use more than one card.

For example, you may assign payment for groceries, bills and other essentialities to each card you’ve bought.

Although this helps in budgeting with your expenses, you see how much you are able to buy with your credit card.

It requires a lot of discipline to avoid overspending and incurring debts in return.

If you are unable to use credit cards appropriately, it is best to not use them at all.

3. Debt Is More Than Income

Since the time credit cards have made a boom in the human lives, and changed the course of how people pay for their purchases, the credit card debts are on the rise.

Cashless shopping is one of the major reasons for overspending than the actual income earned.

People tend to forget that the money used for buying things on credit is borrowed money and the actual one.

If consumers do not keep track of what they are spending, pretty soon they will have a knock on their door from companies who are good at credit card debt collections.

If any of this sounds like you and you need a free credit or debt consultation check out…

Cura Debt.

Consumers should be aware whether their expenses are exceeding their earnings or not.

Sometimes, the time between spending for the purchases using your card and awaiting for its monthly statement is the only means to understand how much you have spent going cashless.

4. Payment Disputes To Tackle

credit repair loan, best credit repairAny late payment or non-payment of credit card debt is reported by the lenders to the credit bureaus.

In case of any dispute on purchase using credit cards, the lender should be contacted as soon as possible in order to resolve the such issues.

5. Major Life Changes That Affect Credit Debts

Major life changing instances such wedding, having a baby, shifting houses and other expensive purchases add on to the credit debts and affects personal finances in a huge way.

It is advisable to plan the budget in such a way that you don’t fall into the credit card debt too soon.

It is wise to use credit cards to one’s advantage and absolute necessity rather than having it as a first go to source for available fuinding.

6. Taking Note of the Fine Print

Every customer should have a an idea of the basic details of the credit card he or she is using.

Important factors such as maximum credit limit, due date of the payment, and the rate of interest charged by the creditor should be given due consideration.

It is also essential how the finance charges and late fees work on the loan or debt against your credit card.

Having a proper knowledge about all these things will surely alert you when you try to go for some off-budget purchases.

Your Focus should always be on having a good credit score.

7. Bad Money Management

Never consider thinking about  spending money on anything that is out of your budget or purchase league.

It is very essential to have a proper monthly expenditure plan, without which you will not be able to track your spendings and flow of money.

Writing down the monthly expenditure plan gives you a clear ideas as to what are things that are absolutely necessary for now and what are things that can be purchased later on.

You would be taken by surprise when you start taking thoughtful decisions and planning your expenses on your own.

Overspending or having no track of the amount you spend will surely pull you into the credit card addiction and increase your debts.

If you find your self falling further and further behind, with debts piling up,

then it might be time to consider a credit consolidation loan to pay off your credit card debts.

Although it is the most practical solution for eliminating credit card debts,

you want to avoid putting yourself in that position at all costs.

8. Underemployment and Minimal Saving

When you experience underemployment or no employment for quite a while, it is obvious that you would be depleted of your savings pretty soon.

Swiping a credit card everywhere for your purchases would seem like the best solution.

But aware, you will incur more debts than temporary relief.debt relief

Credit is not something wherein you get money for free.

It is the borrowed money that will have to be returned back.

You must particularly avoid using credit cards if you care about your savings.

We American’s have this habit of spending more than they earn, taking credit cards as a free supply of money.

If you are unemployed, focus on finding a job, work two jobs even to rebuild your dwindled savings, but do not get into the addictive habit of spending for everything.

There may be medical emergencies or other outlyer events in your life which you cannot avoid.

The medical industry requires immediate payment of bills, and you will have to use your cards when the bill is huge.

This only leads to debts in your case.

You might be in a terrible position, hunting for a credit repair counselor

…whom as per your expectations, who will have to wave his magic wand and clear off all your debts.

9. Financial Illiteracy and No Clarity of Credit Card Usage

It is unfortunate that traditional schooling doesn’t teach you the actual things in life that can make you successful.

No school will ever sit you down and teach you how to deal with your finances.

Sometimes it is highly important to educate yourself about the market trends and various ways to handle your expenses.

Everyone in the family should have clear idea about monthly budgets and expenditures.

There are many financially illiterate people who have no clarity about how money grows, what are the best saving schemes, and how market works.

Even if you are not a pro in this field, having a sound idea of the same will help you in many ways.

You will not be in a bad shape if you get the backs of spending and saving.

You would never have to contact any credit repair firms who say credit repair made simple by them.

Also it is very important to communicate to the family members about the financial plans and spending procedure you have created for each month.

Ensure that everyone in the family is a aware of the income and also the total allowed expenditure through cash and card.

What is the Bottom Line?

American States With High Credit Debts

high debt statesBelow mentioned are American states that have recorded the highest credit debts for the year 2016-2017.

Although the economies of all these states are sound, the spending habit of the people residing here have gotten themselves into this type of debt.



Maryland is on the top of the list for a very high debt to income ratio calculation.

The residents of this state are known to be very well off and financially sound.

But when it comes to debt, the residents of this state have close to $67,020 as per capita debt. That is, the debt to income ratio is calculated to be 1.84.


The average income of the people in Massachusetts is about $32,352 per annum.

But the total debt they owe is about $59,820 per capita.

Once again the debt to income ratio is recorded to be 1.84.

Here mortgage debt is the major type of debt, which is about 72% of the per capita.

Also, 5.45% of per capita falls under the credit card debt category.


This state records about 75.35% of per capita debts in mortgages and about 6.29% of debts is related to student loan.

Although the state has debts in such forms, it is proved that people here have very low delinquency rates whether they be auto loan or credit card ones.


Oregon has quite a high debt to income ratio equalling to 1.89.

People in this state have $49,550  per capita debt per resident.

The state records approximately 72% of debts in mortgages and around 7% of credit card debt.

District of Columbia:

Major debts in the state are because of educational loans taken out by students.

Total debts come to almost 15%.

This is because more than half of the population are in the age of 25 years and most of them apply for student loans to fund their education.


Utah too has huge number of debts from mortgages.

The residents have close to $52,150 per capita debt out which $38,240 is due to mortgage.

But the state has a low delinquency rate for mortgage debt.

Thus, lenders are always on the lookout for Utah residents to go to for mortgages.


Almost 6.85% of Florida’s debt is due to auto loans and debts.

This state has a total debt to income ratio equal to 1.96.

Also, the median income in this state is $31,664, while the debt per capita is $62,200.


The average income of people in this state is $31,557, while the debt per person on an average is $62,520.

Virginia has low delinquency rates due to which lenders feel safe lending here.

This state also has 7.76% debts in student loans.


This state has debt to income ratio of 2.1. A total of $51,770 is owed in mortgages which is approximately 77%.

And the Winner is?


The debt to income ratio of California is 2.34, which is the highest  among all states.

Californians also owe per-resident debt equalling $65,740.

Also, people in this state owe about $51,190 on mortgages.

But Here is the Kicker:

debt free, credit counselingBeing in debt or carrying a large amount of debt is no fun regardless of which state that you reside in.

If you find yourself in this situation, where you are just barely making your credit card debt payments each month…

… or maybe you have acquired a tax lien on your business during the slow economy of the Obama years, just know that there is honest, professional help available.

If you would like to get a FREE credit or debt consultation with no obligation the you should follow this link to Cura Debt.

Cura Debt is one of the nations top credit repair and debt consolidation specialists,..

..with many satisfied customers being able to reduce their total debt amount and get on with their lives.

As of this writing we are just getting started into the new year of 2018.

The economy is booming and businesses are rapidly expanding.

Don’t let the debt that you are carrying drag you down and leave you behind the rest of the nation.

Make a promise to yourself that this year will be the year you tackle your credit card debt once and for all!

With that I will leave you with a couple of qoutes that withstand the sands of time.

Ben Franklin once said,  “Rather go to bed with out dinner than to rise in debt”.

The great P.T. Barnum once said,  “There is scarcely anything that drags a person down like debt.”

credit card debt, IRS tax lien, consumer debt



Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own




Easy Steps to Build Your Business Credit

business credit repair

Smart Credit Repair Tools for Building Credit for Your Business

Once you repair a bad credit history and you learn about credit repair techniques,

or perhaps you have undergone credit repair training to get your business back on track,

then it is time to think about permanent credit repair by building up your business credit rating again.

Once you have had a credit clean up, or you repair bad credit history,

the best way to stay out of another financial mess is to grow your business with increased sales and profits.

One of the important steps in growing your business and giving your business the edge it needs to be competitive and succeed in the hash world of business…

…is to establish your business credit.

Here is the Deal:

Some people reason that business credit does not really apply to their business and it’s only needed when they are trying to get funding.

Business credit is much more than that.

As a matter of fact, it is an influential tool that is capable of helping you save money, and form commercial relationships that will be valuable to your business in the future.

Eventually business credit will aid in your business growth and expansion.


Having said that, it may be difficult to understand business credit and how to establish it.

This guide serves to explain the subject matter as well as make available, clear, concise advice on ways to grow business credit that benefits your business over time.

Basics of Credit For Small Businesses

Let us begin with how you are  making your payments.

Do you combine personal credit with supplier financing?credit payment, business credit payment

Perhaps you also adding a business loan or lease equipment together?

Do you purchase supplies for the office with a personal credit card?

Is the telephone account attached to your personal name while having some supplies that lengthen the agreed terms of payment?

When you are not consistent with maintaining payment processes,

it could lead to you losing out on vital opportunities to build a firm business credit profile.

According to small business financial and legal expert Barbara Weltman, author of “The Rational Guide to Building Small Business Credit”…

…if you have a solid reputation of paying creditors steadily,

it enhances your borrowing power.

Other companies find it easier to extend credit to your business.

The importance of maintaining a personal credit profile that is clearly separate from your credit business profile cannot be overemphasized.

As stated by Weltman, separating the two helps in building business credibility before the banks, creditors and suppliers.

If your business profile includes several positive reports from vendors,

financial institutions, lessors, telephone accounts, utilities and other functional credit accounts being operated in your company name…

…it demonstrates your company’s timeliness in paying its creditors.

Furthermore, separating your business from your personal credit profile,

protects you personally in the event of any occurrance of financial disaster in the business.

On the other hand, it can also help protect your company from anything that could possibly affect your own credit negatively.


Knowing How Credit  Reporting Bureaus Work

In developing a business credit, your credit bureau report is at the very core of it all.

these agencies have an extensive variety of sources from which they collect credit data.

Next, they use the info collected to create a profile illustrating the history of your business in terms of meeting its financial responsibilities.

This aids potential creditors making a decision on whether or not to risk extending credit to your firm.

Although standards differ by bureaus, the majority of them have simplified the reporting of this data.

There are cases where businesses have the ability to report information regarding themselves.

However, for the sake of maintaining integrity of data,

some agencies only make use of information that a third party has verified, thereby ensuring that reports are unbiased.

This also provides a level playing field for all companies.

Mostly credit companies, banks, and other financial institutions regularly report payment patterns to credit agencies.

Nevertheless, the author of “The Complete Idiot’s Guide to Credit Scores”, Lita

advises that you ask business partners and suppliers to also report payment patterns,

so as to ensure you’re completely covered.

You Might be Wondering:

How important is a credit profile for business?

There are primarily two major functions of a good business credit profile:

  • It makes it easier for your company to have access to the credit it needs at better business conditions.
  • It also helps you better understand the companies you do business with.

Often time, partners, suppliers and lenders evaluate business credit profiles to help them ascertain their level of risk exposure if they extend credit to your firm.

It aids them to measure the likelihood of your company paying back in good time.

In a nutshell, it assists them in deciding if the credit profile of the other businesses should be examined,

so as to assess how financially stable a potential customer, manufacturing facility, business partner or supplier will be.

Weltman noted that assessing a potential client’s dedication and capability of making payments is a very critical but yet often overlooked step to take before providing credit.

She also said, several small business owners are usually so excited about making sales that they fail to do their homework.

Keep in mind that it doesn’t count as a sale untill you’re paid.

Ensure you have the needed profile information beforehand unless you don’t mind working for free.

But here is the kicker:

To do or not to do business with you.business credit report

Similarly, you act like a business.

Having a positive business credit profile benefits even the smallest businesses.

Once more, establish your company’s accounts ( loans, telephone,utilities, and leases) in your company’s name.

Guaranteeing payments personally may suffice in the beginning stages of your business.

However, having a more established businesiness credit history boosts your chances of negotiating and securing good credit terms.

Checklist of Tips for Your Credit Application

There wil be a need for you to fill credit applications for your vendors, suppliers and other creditors as your business grows.

These applications could be instrumental in obtaining higher lines of credit,

reduced interest rates and achieving the flexable financing needed to develope your business,

as well keep building a solid history of timely payment.

The under-listed guidlines should be followed prior to a coompleting a credit application:

Your Personal Business Credit Should be Evaluated

Reviewing your business credit profile well ahead of new credit line application is a good move.

As earlier discussed, there’s a wealth of information in your business credit profile.

Potential creditors will utilize this information in making decisions as regards to the sum and conditions of your line of credit.

This information consists of tax liens, payment history, collection activity, judgements and request for information from other potential creditors.

Endeavour to look at your profile via a creditor’s lens, studying things like:

  • Trade payment history: Determine if your company historically pays it’s bills in good time or do you pay late habitually. Having late payments in the past could just be because of a momentasry cash flow crisis, however if your company frequently delays bill payments, it will not be viewed as credit worthy by creditor. Paying bills late is a big No,No!
  • Red Flags: Your company’s credit report for judgements or liens should be reviewed. Having about one or two of such reports may not be a big deal although explanations as to what happened may be required. Be honest about anything that requires explanation. Maybe there was a tempory cash-flow problem, or an important menber of staff left which resulted in some black marks on the report. Addressing them up front is always better than trying to hide or ignore them. You are going to have some Splainin’ to do.
  • Credit Balances: How much of your company’s total available credit is being utilized? If it’s high, it could also be a sign of warning that the company’s credit is being overstretched. Conversely, if your company balances are somewhat low compared to credit limits then it could be an indication of good financial management.
  • Track record: This has to do with the length of time your company has been in operations. Companies that have established histories of paying bills promptly do not pose as much risk as start-ups.
  • Get good references: Credit references will regularly be requested from your company. Make sure you reach out to your references well ahead to request their consent before including them on credit applications. If you fail to do so, you might make the person less motivated to provide you with a positive reference. It’s also possible that there might be a problem you’re not aware of – for instance an unnoticed invoice or something – that may possibly reflect poorly on your company if reported. Have 3 to 4 references available. The possible questions that could be asked by potential creditors are:
  • The length of time they have been in business with your company
  • The highest line of credit they have extended to your business
  • The time it takes you company to pay an invoice typically
  • If there have been situations when your company couldn’t pay on time.

Complete the Form

Make sure you provide all the information being asked when filling out the application.

Do not skip any section as this could bring about delays or even cause your credit line to be denied.

business growthContact the creditor to get clarifications on anything that isn’t clear.

Now you have learnt that having a good business credit not only impacts loan applications,

but it could also be pivitol to your business growth and expansion.

It gives you access to the funding and terms of payment needed for expansion.

Most importantly helps you build trustworthy business relationships.

There’s nothing complex about implementing good business credit practices.

Just maintain a clearly separate business credit profile.

Pay creditors on time…

…make sure that the credit bureaus receive your good history of payment,

and monitor you business credit profile to discover fraud or problems.

Doing these things are sure to help in the growth of your business.

Furthermore, should you be in a position to provide a credit line to your clients.

You can leverage the same commercial tools of credit discussed above to reduce your risk of exposure.

 The 4 Cs of Business Credit – Hack the Banker’s Mindset!

Thinking like a loan officer helps in order to maximize business credit.

There are 4 major criteria banks use when they evaluate the credit worthiness of a business.

We call then the 4 C’s of Business Credit-

Character, Collateral, Capacity, and Condition.

The way different banks weight these factors differ in line with their own practices.

Putting your best foot forward when showcasing your company as a prospective borrower in each of these areas helps ease the stress level for the lender.

1. Character;

Before creditors and lenders extend credit lines,

they must ensure that they are entering a business relationship with companies that are trustworthy.

They do not to expose themselves to risk of fraudulent or other negative activities.

If there are any black marks on your personal or business credit payment history,

judgments, liens or other red flags…

…be prepared to provide an explanation or wait until you have accumulated steadier period of payments before requesting for new credit.

2. Collateral;

Financial institutions may require something valuable to your company in order to secure a loan.

This could be inventory, business equipment or other assets owned by the business.

Some lenders could also request for personal guarantees,

and might demand personal assets, like real estate, to secure the loan.

In genreal, the more the collateral owned by your business, the easier it is to obtain the funds or terms needed.

3. Capacity;

Lenders also need to determine that your business is capable of generating sufficient revenue to meet up with the payment responsibilities before they can extend credit to you.

For a business that is already established and has a history of sales,

this could be easy but not so for start-ups.

If your company qualifies as a start-up,

information about expected sales and expendures, together with details of how you got those figures should be provided.

Make sure that your projections are realistic as they could compare your figures with what’s obtainable in the industry.

Overestimating your projected sales or underestimating your expenses,

could suggest that you haven’t carried out your financial research properly.

4. Condition;

Having a strong business credit profile points to a business that is in good health.

To portray your company in the best possible light,

work with your suppliers, vendors and other creditors to make sure that they’re giving a report of your timely payments to business credit agencies.

This helps in telling the story of how robustly healthy your business is.

Sometimes, creditors and lenders may decide to look into the individual credit scores of the business owners or partners,

so be prepared for this as well.

Make room for adequate preparation before meeting with your prospective lender,

Prepare to respond to questions regarding each of the aforementioned 4 categories.

Critically take a look at your company to enable you to forestall possible hindrances,

and prepare to answer tough questions from your lender.

Preparation can determine whether your loan application is approved or rejected.

Resources For Business Credit

Increasingly, creditors have come to depend on business credit profiles to decide on businesses to extend credit lines to.

So it is extremely important for your company to develope a rock solid credit profile with a healthy history of timely payments.

A very important resource that can help your company build a good business credit,

is Experian’s Business Information Services.

They have succeeded in integrating advanced technology and superior data.

As far as providing data and projecting insights for business goes,

Experian has proved itself a leader,

aiding businesses in mitigating risk and improving profitability.

The company has a business database which offers comprehensive,

third party-verified information on 99.9% of all companies in the United States.

Experian has the most widespread data on the wide range of mid-sized and small businesses in the industry, as well as yours.

What’s the Bottom Line?

Do yourself and your business a favor and start building your business credit profile today.

Your business credit is an important element in the long term care of your business health.

Even if you do not feel an immediate need for a line of business credit right now it is one of those things that,

“It is better to have it and not need it, than to not have it when you do need it”.

Building your business credit should not ba a stressful endeavor.

Just consider it another cog in the wheel of your daily or weekly tasks of building a long term successful business model.

Remember what Tyler Gregory once said,

“If you don’t take good care of your credit, then your credit won’t take good care of you.” 

or as Charles Buxton an English philanthropist once stated –

“In life, as in chess, forethought wins”!

So mentally project ahead seeing your business as a prosperous, healthy entity with a strong balance sheet and a great credit score.

You will thank yourself later. for the actions you take today.

profit loss






Click Here For FREE Credit Counseling


Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.
















Best Tips to Settle an IRS Tax Lien

irs tax lien, debt consolidation,

A Quick Review on How to Remove an IRS Tax Lien

Your Checklist to Discharge an IRS Tax Lien

Have you recently received a letter notifying you that you have an IRS Tax Lien?

If so then you may be wondering:

How do I remove an IRS Tax Lien or how would I settle an IRS Tax Lien.

I you are in a situation where the IRS is demanding money from you then you need to know:

  1. Your rights ( yes you do have some rights )
  2. How to settle an IRS Tax Lien
  3. And how will you remove an IRS Tax Lien

There are probably many other questions that may be going through your mind.

Like:taxes, credit specialist, tax lien

Can I appeal an IRS Tax Lien?

When if ever does an IRS Tax Lien expire?

We will try to address these many varied questions in this article.

Whether you think that you owe any money to the IRS or not, there a several solutions you can use to approach this problem.

How Bad is an IRS Tax Lien?

When you owe money to the IRS or your state, it is quite a different matter than just owing money to a bank or credit card company.

This is the Federal Government. These are not people to take lightly.

In most instances, nine times out of ten, you are going to be better off having a professional tax resolution company deal with them and handle the situation.

And yes , like a lawyer or any other service you will need to pay them for their work they do on your behalf.

Many times these experts, (depending on the company you choose) have worked for the IRS for many years.

They know the other side of the equation, the laws, and the mindset of the bureaucrat behind the paperwork.

First off you need to know that the IRS can levy assets, like your bank accounts, or garnish your income from your wages, retirement and even social security…

…without needing to go through any legal process.

They can potentially even seize your property like real estate ( house, rental property), cars, boats etc, that they can sell off to pay off you tax debt.

7 Common Reasons for People to Receive a Federal IRS Tax Lien

#1. Failure to file your tax return.tax lien

It is against the law to not file your federal or state tax return. If you don’t file your return(s) the feds and the state will make one up for you.

In the feds case they will file a Substitute for Return or (SFR).

In the state’s case they will file an estimated state tax return (est).

In either case they only take into consideration your income and don’t include any deductible expenses.

In other words they completely slant it in their favor making it look like you owe a lot more than you normaly would if you included your deductions.

#2. Filing an Incorrect Tax Return

tax audit, tax lien audit, tax offer in compromiseMany people, even a Certified Public Accountants make mistakes when filing yours or other peoples tax returns.

Accountants are highly skilled, highly educated and very professional people.

But anyone can make a mistake especially when the US Tax Code is 70,000 pages long.

Even the people who wrote the tax code don’t understand it all.

In reality, doing taxes is more like throwing darts ( or genades)  than being 100% accurate.

The problem is, when these mistakes happen it can be very costly for the tax payer as the IRS accuracy penelities can go as high as 75% of the tax debt.

So be accurate. As carpenters say: measure twice, cut once.

#3. Early Withdrawal From Retirement Accounts

If you withdraw from your IRA or 401(k) accounts before the age of 59 1/2 the IRS will impose a 10% penalty against you. Many taxpayers may not realize this and end up having to pay this penalty.

#4. Not Making Your Estimated Tax Payments on Time.

irs tax paymentsIf you don’t make your estimated tax payments on time that tax debt will accumulate to the following year.

Then surprise, surprise. You may not have the money to pay it.

#5. The Deadly IRS or State Tax Audit

If you are unlucky enough to be the subject of a tax audit, depending on the outcome, you may have to pay additional taxes and/or penalities.

#6. Under-withholding

Make sure you allow for sufficient with holdings so that you don’t come up short at the end of the year when your taxes are due.

#7. Gambling Winnings

If you have income from gambling then you must declare that on your tax return.

(This could be extended to include any unreported incomes.)

How to Settle an IRS Tax Lien and Remove Your IRS Tax Lien

The IRS has very powerful tactics that they use to collect their debts and they are one of the most powerful collection agencies in the world.

That being the case, a taxpayer still has several ways to get their tax debt with the IRS resolved in a timely, professional way.

Let’s Start with the “Offer in Compromise”

credit repair tips, irs tax lien repairThe taxpayer can come to an agreement with the IRS in what is called an “Offer in Compromise”.

This is where the IRS will accept less than the full payment or total amount owed if they feel that you qualify for some special circumstances.

  • If the amount is disputed and you can prove (win) your case the IRS will take what they can get.
  • If the IRS believes that you don’t have the ability to pay, or that your assets are less than what you owe, again they will take what ever they feel they can get out of you.
  • For Form 656 Booklet “Offer in Compromise” pdf file click here.

Penalty Abatement

First time tax payers can sometimes get a penalty abatement which is usually tied to an installment agreement.

The IRS will only allow these abatements if your debt is paid in full or paid in full with the monthly installments.

The taxpayer must prove their case and be compliant in resolving their debts.

Installment Agreements

If a taxpayer owes a large amount of tax debt and they are not able to pay it all in one lump sum then the IRS will work out an “Installment Agreement” with the taxpayer.

With the “Installment Agreement the taxpayer can agree to make smaller payments over a longer period of time.

With the IRS’s “Fresh Start Program” you can pay up to $50,000 of tax debt over a six year or 72 month period.

There are several different installment agreements so it is best to have your professional debt counselor determine which one best fits your needs.

Of the several options, they include but not inclusive:

  • Staggered Installment Agreement (SIA)
  • Streamline Installment Agreement ( SIA)
  • Complex Installment Agreement (CIA)

As mentioned above. Get a professionals help to figure this all out.

You already made the mistake of getting the TAX LIEN with the IRS.

You don’t want to compound your mistakes.

Do you want to know the best part?

IRS Collection Statute Expiration Date (CSED)

Finally some good news…

There is a ten year expiration date in which the IRS has to collect on your debt.

( They can’t just keep hounding you for the rest of your lIfe)

This ten year statute expiration ends the IRS’s right to collect on the tax debt of the taxpayer.

So What’s the Bottom Line?

Don’t try to be the hero.

Yes you can do all of this by yourself. But why would you want to? Are you really a tax expert?

Don’t try to take on the IRS by yourself without the help of a professional debt relief service company.

The IRS wants their money. They have unlimited resources to harass and intimidate you.

The professionals at the IRS pride themselves in their job of collecting the governments debts.

Get a professional tax debt relief company on your side to help get you the best deal that you can from the IRS.

These professional people work with and speak to the IRS everyday.

In many instances they worked for many years for the IRS themselves,  so they may even know the person at the IRS that they are speaking to.

At a minimum they know all of the laws, your rights as a taxpayer, and how best to solve your problem because this is what they do.

Helping people solve tax problems and debt issues is their passion.

The Professionals First Step to Settle an IRS Tax Lienirs tax audit, irs offer in compromise, irs debt settlement

The first steps a professional may take is an immediate stay of execution with the IRS or the state.  (If needed)

The next is to just pull the master file to see where you are at.

They will check off your projected financials, transcripts, penalty abatements, statute of limitations, possible resolutions,  etc.

Then they will discuss with you the pros and cons of your situation and provide you with the best resolution possible.

If you have any missing tax returns or mistakes they will get you back into compliance with the IRS or the state.

And finally implement the resolution and get you back to “Square One” with the IRS or the state.

But here is the kicker:

Some final words on taxes and taxation from famous quotes:tax lien audit

 “The hardest thing in the world to understand is the income tax.” Albert Einstein

( If Albert Einstein couldn’t figure it out you shouldn’t feel so bad!)

“People who complain about taxes can be divided into two classes: men and women.” Anonymous

“Taxes are the lifeblood of government and no taxpayer should be permitted to escape the payment of his just share of the burden of contributing thereto.”  Arthur Vanderbuilt

(Arthur must have worked for the government. Ha!,Ha!)

“You must pay taxes. But there’s no law that says you gotta leave a tip.” Morgan Stanley

I hope this article helps someone looking for answers to their tax problem.

Please seek professional help.

There are many great professional tax relief companies to choose from including “Cura Debt”.

When you hire a professional to deal with your problems, whatever they may be, you are exchanging your burdens and troubles on to them.

This frees up an emotional weight off of your shoulders allowing you to just concentrate on doing what you do best.

Producing income and making a living.

Please note that I am not a lawyer or a tax advisor.

I am just a hard working American, trying to keep up with all of the federal and state taxes that we as a nation are forced to pay.

Remember that everyone even in ancient times has had to pay some form of tax to their governing body.

Even Jesus, when asked about taxes said “Give to Caesar what is Caesar’s” ( and to God what is God’s) Mark 12:17

America is still the greatest country on the planet and the land of opportunity.

The taxes that you pay,  to local,state and federal governments go to our services that make our lives better.

( first responder’s, fire department, police, roads etc)

Pay your taxes with a smile and be grateful that you live in America.

Good Luck and God Bless.

irs tax payment, irs tax lien, irs installment plan


Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.























How To Get Small Business Start Up Referrals Fast

Best Bootstrap  Marketing for Your Small Business

Simple tips to get your start up business marketed FAST!

With all of the current hoopla and marketing attention being given to social marketing, it is easy to over look the good old fashioned way of small business referral marketing.

Word of mouth marketing or to be more politically correct, referral marketing.

As a small business owner, with small marketing budget, word of mouth or referral marketing can be the most cost efficient way to bring in new business.

Referral marketing can sometimes produce the best customers because a recommendation from a satisfied customer provides credibility.

It can also reduce or eliminate any doubt in the future customers mind.

You should not consider word of mouth marketing as a passive endeavor.

Always look for ways to plant the seed of a referral in your customers mind, or in the mind of anyone that you come in contact with.

If you don’t ask, you don’t get!

It could be as simple as “If you are satisfied with my services would you please recommend me to your friends.”

Now how hard is that?


Here is the deal:

Ramp up your networking skills by attending the various meetups. Meet ups of all types and interests can be found on Meetup.com.

You may also want to join your local “Business Networking International” or BNI group.

BNI meets up regularly in small groups to speifically help each other give and recieve referrals. In fact BNI touts themselves as the worlds largest referral nerworking group.

An added benifit of going out to the meet up groups and meeting people is getting their business cards.

With every business card is usually an email address that can be put into your email campaign for future reference.

Always write on any business card that you recieve , where you met the person and any other notes about the person to remind your self about them later.

What about getting referrals from your own customers?referral marketing, network marketing

Your best word of mouth referrals will come from your own customers.

Customers who enjoy your products will naturally want to tell their friends and help promote your goods or services and spread the love to all of their friends.

In the customers mind, they see themselves as a helper and someone in the know.

But here is the kicker:

The best time to ask for a referral is anytime. DUH!

All kidding aside, the best time to ask for your referral is after you have delivered your product or service and have exceeded the value of what you customer was expecting.

Exceed their expectations – And Always Give MORE!

Make a follow up call to check on their level of satisfaction.

Ask the question…

“Do you know of anyone else who might benefit from our products or services?”

No need to stop with just your customers.

network marketing, refferal marketing, small business marketingUse the 3 foot rule

Ask anyone that comes within 3 feet of you!

This could include family, friends, suppliers, vendors or any other people that you come in contact with throughout the coarse of your normal day.

Personal contact is the fastest way to separate your self from the rest of the competition.

Make an effort to meet five new people everyday.

Maybe it is just your waitress at your breakfast diner. Don’t discount her or anyone else. You never know who your waitress will be speaking to on any given day.

The point is that we are all separated by ten degrees of separation.

We all know ten people who in turn know ten people.

You never know who might know somebody that needs your products or services.

If you are not willing to talk about yourself and your services then who will?

If you truly believe that what you do or sell is important to the local community or the world then you have moral and ethical obligation to tell everyone about it.

Tell the World about your Products of Services

Take the time to teach people about your products or services and sincerely try to solve peoples problems.

They will gladly reciprocate in kind with a referral to their friends.

Remember what Robert Louis Stevenson once said:

“Don’t judge each day by the harvest you reap, but by the seeds you plant.”

You also want to “Dig Your Well Before You are Thirsty”. 

Start learning how to go out and network today.

Learn the indispensable art of building contacts.

Who knows?

With a little practice you might even be able to turn them into “Raving Fans.”

small business marketing, start up networking


Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.


How is Your X Factor?

debt relief, credit card repair,debt consolidation loansDo You Know Your X Factor?

Put your X Factor to Work on your Credit Repair, Debt Consolidation or Small Business Lines of Credit


I recently read Grant Cardone’s New York Times best seller “The 10X Rule”.

Once you read this must read book for everyone in general (because it applies to all aspects of life) but also to any:debt consolidation, credit counselor, line of credit

  • business person
  • start up entrepreneur
  • real estate investor
  • anyone in a sales related field

Then you can’t help to start thinking of your X factor but also the X factor of other business people that you in-counter through out the course of your business day.

The main concept of “The 10X Rule” is that to be extraordinarily successful in life or in business you need to hustle above and beyond that effort of the “average” or ordinary output of most people or businesses.

If you only put in an “average” effort your results are going to be, well average. Duh!

This has been proven over and over again by top athletes and top business leaders. If you want to get to the top you need to work not just a little harder then the “average”, but a lot harder than the average person or business.

So the premise is that if the average is working at “1X” then you need to be working at “10X”

But is the “average” really even working at 1X?

Well, let’s define 1X.

I would say that 1X is someone (in business, their job, or in life) that does everything that is required of them in a professional manner at the most basic minimum.

This would include:

  • the ability to speak and communicate in a clear, positive effective way. (A little rapport would be nice)
  • to dress and be groomed in a professional presentable manner.
  • to have just the most basic minimum level of sales mindset like a smile and “How Can I help you Today?” attitude.

In meeting with various “professional” business people in the course of my daily meetings I find it shocking that many so called “professionals” barely make it to 1x and more often are only operating at around .6x.

In terms of my business, I am only concerned with myself and my actions as those are the only things that I can control.

Plus I recognize that our goals my be different.

I am a self motivated, self employed entrepreneur that wants to excel and perform at my highest of God given ability.

While most employed people with a job (just over broke) just want to show up, put in their time and do as little as possible to get through the day.

(Nothing wrong with that if that is your thing.)

So let me provide some examples of my unofficial 10x survey of my little business community.


business loan, business credit,Case Study #1. The Banker

I went into a small regional bank (not one of the majors) to see if I could get a home equity line of credit on a 5 family apartment building that I own and have substantial equity in.

First off let me say that the retail banking business model is dying.

This big beautiful bank lobby had about ten empty desks with one person sitting at one of the desks. (That’s a story for another day.)

Her title was “Customer Relations”.

I had to approach her. She did not utter those golden words “Can I help You?” Mind you that I was the only customer in the bank.

Even better yet would be “How Can We Find a Way to Re-finance Your House Today?”

So I sat down and told her that I was looking for a home equity line of credit on my five family apartment building.

There was no smile, no rapport, only a sense of dread on her part that she might have to do some work.

I wanted to reach out and touch her just to see if she had a pulse.

Since she refused to talk I started to ask some probing questions:

  • How long have your worked here at the bank? Four years she replied.
  • How long have you been in the banking business? Twenty years she said.

She went on to attempt to fill out the one page information sheet that she would send in to the home office. She did not know how to fill it out so she called over her supervisor.

Her supervisor was the bank’s “mortgage lady”.

She was slightly a little warmer but improperly dressed in casual clothes with wet, stringy unattractive hair.

(Sorry ladies if I am projecting my male chauvinism, but if you look like a slob, then you probably are a slob, regardless of your gender.)

The “Supervisor” helped the “Customer Relations” person fill out the paperwork and claimed to have sent it in the the underwriting department at the home office.

A week later I have yet to here from anyone from the bank.

Summary – the home equity line of credit clearly states right on the application that it only applies to 1-4 units (residential), not 5 units or commercial properties.

This is something that both “professional” mortgage specialists should have known.

  1. It states that right on the form.
  2.  Is this the first time in a 40 year career that she had filled out a home equity line of credit application? Gosh… do you think she needs more training?

10X Rating – these people are not even working at a 1x level but instead are just taking up space, doing as little as possible and collecting their check each week.

(Again, nothing wrong with that, if that is your thing.)

It is one thing to be poorly trained or miss-informed, but another thing to be in walking coma without any intellectual curiosity for self improvement.

Sadly these banking “professionals” are only operating at a  “.6X”

X factor, business winning, business loansCase Study #2 – Let’s Try the Realtor “A Sales Professional”

I was speaking to a top area realtor the other day and she was complaining about the lack of inventory on the market.

No inventory meant that she had nothing to sell.

I casually mentioned that I was thinking about selling one of my large multi-family apartment buildings.

She immediately said “Oh please send me the info”.

So the next day I sent her the spread sheet, photos, info etc.

She responded by e mailing me “when can I see it?”

Sorry – when I am looking for a salesperson to sell one of my properties, in which they would receive a very large commission they need to be a lot more aggressive about selling than just sending out an e mail.

Pick up the DAMN phone and call!!!

  • most sales are made on the 6th or 7th phone call.
  • most sales people (around 80%) never make the 2nd sales call.

This “professional sales person” could not even bring herself to reach out and make the first sales call even when presented with a “HOT” lead.

Why would I ever want this sales person working for me?

If the sales person is too lazy to pick up the phone to call me and nail down an opportunity to collect a large commission…

why would I think that they would pick up the phone to call buyers to buy my property?

I never e mailed or called her back and the realtor lost a very large potential commission because she was too lazy to reach out, communicate, determine MY NEEDS.

A week later and I have still not heard from the realtor.

This realtor is operating at “.6X” and sadly most other realtors are too.

debt consolidation,credit repair specialistCase Study #3 – The Accounting Firm (typical small business)

I often work with accounting firms to provide a value add service to their clients.

I can either offer a debt, credit card consolidation or small business loans and lines of credit to their clients.

So I called up a local accounting service in our small town and mentioned that I would like to come by to pick up a business card.

( A back door way to maybe get in to speak to someone.)

When I stopped by around 3:00 p.m in the afternoon, no one was working but instead I interrupted their mid day gaggle fest.

Two secretaries sitting around “yacking” it up with who I presumed to be one of the accountants.

As I walked in I asked “May I have one of your business cards?”

They kindly handed me a card and I walked out.

None of the three people asked, since I was getting a business card, “Can we help you with any of your bookkeeping or accounting needs?”

A lost opportunity for a new client.

Once again I would grade this accounting business a “.6x”.

In fairness, the secretaries are not really trained sales people, But they should be!

Every employee from the office workers to the Home Depot “Greeting Lady” should have customer service and sales as their top priority.

Anyone who walks through your door is a potential customer and also a potential word of mouth marketing director.  “Oh, Please tell your friends about our services.”

Only 2% of the population know how to sell.

Oddly enough, many people have a fear of selling. (They fear or can’t take rejection.)

Just about everything we do, from taking a shower in the morning and making our selves presentable to the world is a form of selling.

Learn to embrace it!

Determine your X Factor. Are you even operating at a 1X or are you somewhere below even the “average” threshold?

Ratchet up your game.

With so many of the “average” population going through life in a walking coma, it is not that hard to excel, dominate your niche, and crush your competition. (Think Jeff Bezos at Amazon.)

Play the game of life to WIN at whatever level of your God given abilities.

debt consulting, real estate loan, small business line of credit

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.




Best Debt Solutions and Credit Repair Help

 debt relief, credit repair startegies,

What is the best Debt Solution and Credit Repair help that fits your needs?

Debt Settlement Plan, Debt Consolidation , IRS and State TAX debts

For unsecured debts the best option is to pay back your credit in full by paying more each month than the minimum payment.

If your situation is such that the minimum payment is causing you challenges , or if you already gotten behind on payments then the best solutions to try a settlement with the credit card companies or your unsecured creditors through a debt relief program.

If you have tax debt, then to ensure compliance and come to the best resolution, your best option is to have a highly trained IRS Tax Relief expert identify the issues and get them resolved with the IRS.

Try to get you credit card interest rates lowered

Contact the credit card companies. If you have good credit, ask the credit card company to lower your interest rate. That will help save money every month.

If you can afford to:

  • accelerate your credit card payments
  • personal loans
  • and even your house mortgage by paying a little extra each month

This will help speed up paying off the loan and also save you a lot of interest over the term of the loan.

Just make sure that whatever loan that you have doesn’t have a pre-payment clause that will penalize you for paying it off in advance.

Know What You Owe…

  • Know what money you have coming in and how much you have going out.
  • Create a budget and track all of your monies.
  • Make one list for your income and another for all of your expenses.
  • Be sure to include everything, including groceries, utility bills, insurance, baby sitters, entertainment, etc.


If you don’t know where you are at, you won’t know hjow to get where you want to go.

Subtract your expenses from your income. That is your leftover discretionary income to pay off debts or to put into savings. Which brings us to the next step…

Make a Plan and Plan Your Strategy

Break the total debt payments down for let’s say a three year goal to be debt free.

Divide your total debt amount ny 36 months and that is what you would need to pay monthly assuming  that you do not increase your debt with more purchases.

debt relief, credit repairIf you don’t have a plan – try the Debt Snowball Plan:  Here is how it works-

Make your standard monthly payments on all of your cards except for the smallest one.

Make as large of a payment as possible on your smallest debt, so that you pay off your smallest one first.

Once the smallest debt is paid off this then frees up extra monies to make additional payments on the next smallest credit card debt.

Rinse and repeat until you get your largest debt paid off. If you stay focused with your eye on the prize and start by paying off your smallest debt first it will create large results later.

Good Luck – remember, determination and perseverance wins the day!

debt consolidation loan, credit counseling, credit repair


Click Here for a FREE Debt Consultation


Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.


Best Ideas for Getting Out of Debt Fast

/ by / Tags: ,

professional credit repair,credit repair loan,credit repair tips

Best Debt Free Strategies and Credit Repair Tips

Your Step by Step Credit Repair Review

O.K. I will finally say it…

…Let’s face it… Being in debt sucks.

I don’t mean to be crude but there is just no way to sugar coat it.

You must find a way to pay your debts faster and start paying off debt.

Being in debt and just being able to pay the minimum monthly payments each month

puts you into a category of modern day slavery.credit repair tips,credit repair support, pay off debt

You are a slave to the banks and to your debt.

You can’t go anywhere, do anything, your stuck. You are stuck in the muck of debt.

The more you fall behind or if you miss a payment, the higher the bank(s) jack up the interest rate on your credit cards.

Welcome to the black hole spiral of debt.

As Thomas Jefferson once said  – “I believe that banking institutions are more dangerous to our liberties than standing armies.”

Thomas Jefferson was a very wise man. and they didn’t even have credit cards back then!

best credit repair,best debt strategies,credit counselingYou have to fight back. And you must find a way to WIN!

You have spent the money and now somehow you will have to pay it back.

First thing that you must do is get control of your spending and live within your means.

Every person’s situation is different.

Two things we all have in common is income and expenses.

Once you determine your income – how much money you bring in each month.

Then it is a simple process to add up all of your basic living expenses.

If your basic living expenses are more than your income, then Houston we have a problem.

When I say “basic”,

I mean rent (the roof over your head), food ( got to eat), transportation to get you to and from work (car,gas,insurance), utilities ( electric, heat?, cooking gas etc).

That is pretty much it for the most basic of your day to day living expenses.

If you currently can not cover those with your current income then you will need to find a way to get more income because there is not much to cut out or save within your basic needs.

You will need to get a secondary source of income – another full time or part time job.

If on the other hand you do have sufficient income to cover and pay for your basic needs and day to day cost of living expenses,

but overspend your monies on non essential items outside of your basic needs,

then that is another issue that can be easily delt with.

Curb your spending habits to fit your paycheck

If you find yourself needing to get an extra job to pay the bills, then put all of that extra income to go towards paying additional amounts against your debts.

If you just pay the minimum amount that the bank requires you will never get your debts paid off.

You must always pay more towards the debt payment.credit repair loan,credit counseling,best debt reduction strategy

This could even apply toward paying down your house mortgage.

Anything that you pay over and above the basic mortgage payment or credit cards,  goes directly toward your principle.

That extra payment knocks down the amount of interest you will have to pay over the years.

Now all of a sudden you are compounding in reverse!

Accelerating your mortgage payment and taking years off of the payback period.

When it is time to ask for help…

…You are going to need a get out of debt plan.

At a certain point you may want to speak to a free credit repair or debt consolidation counselor.

These are professional debt counselors who deal with people just like you, who are also going through a debt management crisis.

A credit repair counselor or debt counselor is a professional who knows all of the laws,

all of your consumer rights, and talks to and negeotiates with the banks on a daily basis.

Just about every debt consolidation company offers a free consultation call.

When you make your free consoltation call to a professional credit counselor, they will discuss in detail your various options.

They may also help you create a timeline to paydown your debts and get debt free again,

They will provide you with a proven plan to get out of debt fast.

What types of credit repair help or debt consolidation solutions might they come up with…

…tailored to your  lifestyle and needs?consumer debt counseling,best debt strategies,credit repair strategies

There are many ways to go about attacking your debt.

And yes you must think about your debt in terms of attacking it.

This is WAR!

This is a war or battle no different than our “Sons of Liberty” faced during the Revolutionary War.

When they had to get the British taxes off of their backs in order for them to prosper and thrive.

In your situation you need to get the boot of the banks…

…off of your throat in order to move on with your life and live a debt free lifestyle.

You are never going to prosper and thrive as long as you are enslaved by the bankers.

So where do you start? What can you do?

In my humble opinion… I would let the”Generals” or the professionals draw up the battle plan.

When I have a plumbing problem I call an expert plumber. Not knowing anything about plumbing, I don’t ry to fix it myself.

When I need a tune up or oil change on my car a I take it to a professional  auto mechanic.

Since I am not set up or have the tools to do my own auto repairs, I let a professional do it.

You should think the same way about your debt counseling or credit repair.

Just let a credit repair specialist deal with it.

First of all by letting a neutral third party credit repair professional handle your debt problems it takes the stress and emotional issues off of your mind.

This allows you can concentrate on just creating the income that it will require to pay off the bills.

A free consultation with your credit professional will help you set up your strategy and plan of attack to get you to pay your debts faster.

This plan of attack might include any of the following:

  • Getting your credit card interest reduced. By calling the credit card companies they can many times get some kind of reduction in the % of interest that you will be paying on your credit cards. Lower interest means more money to apply towards the debt.
  • A debt consolidation loan. A debt consolidation loan, combines all of your debts into one payable loan. Preferably the loan will have an over all lower interest rate than what you are paying on your individual credit cards or other loans.  This also makes it much easier to keep track of your payments since now multiple monthly payments have now been reduced down into one monthly payment. You may end up making lower payments for a longer period of time before coming to the end of your debt. But you will get to the end of your debt.

Tackling a Federal Tax Lien:

irs tax lien, irs debt relief, best credit repairTackling a federal tax lien placed there by the IRS on your personal bank account, business or property is a different strategy altogether.

The IRS will notify the taxpayer that they have filed a tax lien against you.

They will then send you a demand for payment in writing sometime, ten days after the lien has been filed.

And guess what?

The lien doesn’t come off of the property, business, or bank account until you fully pay the piper (IRS) their full amount due.

So what to do?

As they say: “You can’t fight city hall!”  Or Can You?


The IRS has created a program called “The Fresh Start Program”.

By going through the “Fresh Start Program” you may be able to work out a payment plan in which the taxpayer may be eligible to have the lien removed if you meet the IRS criteria.

Well what is the IRS criteria?

Usually their criteria is payment in full. WOW such a deal!

Enter the “Offer in Compromise”

An “Offer to Compromise” allows the taxpayer to settle with the IRS for less than the full amount.

But… and this is a big but, if the IRS can collect their money faster and feel that they are only going to get so much “BLOOD” out of you anyway, then maybe…

…They may be wiling to settle for whatever they feel that they can get in the shortest amount of time.

The IRS will not accept an offer if they think they can get the full amount from the taxpayer.

Or if they think that the taxpayer can pay the full amount in a lump sum, or with a payment agreement.

Use the “Offer in Compromise Pre-Qualifyer” tool to see if you are eligible.

How About the Installment Agreement?

With the IRS’s “Fresh Start Program” if your outstanding balance is less than $50,000 you may be eligible for an Installment Agreement”.

With the installment agreement you can pay monthly direct debit payments for up to 72 months. ( 6 years).

To apply for an “Installment Agreement” use use this  “Online Payment Agreement Tool”.

What is the bottom line?

The bottom line is this.  Being in DEBT SUCKS!

You have to assume responsibility for your life and your actions.

For what ever the reasons – and some, if not many of the reasons are “Outlier Events”

These are the unforeseen types of  event that happen to people in life like:


  1.  Medical bills
  2. Loss of a job
  3. Economy and business turn sour
  4. Divorce
  5. Basic failure to plan, save and live within your means.

The reality is that most people, no matter how much money people make,

spend it on their lifestyle up to the point of what they make each month.

Then when some unforeseen catastrophic event happens in their lives.  “BAM”

The bills start to pile up faster than the income coming in.

This is commonly called “Keeping Up With the JONES’s”

Be smart. Don’t fall into this societal trap.

Keep up with yourself, Live a frugal lifestyle saving as much of your money as comfortably possible.

Forget about what kind of car the neighbors are driving.

If you find yourself falling behind, the worst thing you can do – is to do nothing.

Don’t go the Ostrich route and stink your head in the sand hoping and praying that things will somehow work out.

Analyse the problem. Determine where you can make improvements and or cut back.

The sooner that you take some kind of action, the faster you will see your problem(s) turn around for you.

If you don’t  take action your debts and problems will just compound on you.

Start by just doing your research on how resolve your debts now.

If you think that you need professional help then by all means get a free credit consultation.

There is no shame in the game.

Reaching out to a professional credit or debt counselor is the smart and responsible thing to do.

They can at least guide you and give you some suggestions on which path to take depending on your unique situation.

You can’t  live your life to it’s fullest until you are able to get free and clear of all of your debts.

Not owing anything to anyone and being free to do whatever you choose to do with your life is a very powerful and wonderful feeling.

We are not living this life to just pay bills and make some banker rich.

Once you are debt free you can flip the picture around and start to save and compound your money.

Collecting interest instead of paying interest. debt free strategies,best debt consolidation loan, credirt repai specialist

So when this Christmas comes around, don’t buy this years gifts with next years money.

If you do not have the cash to pay for the gifts then don’t buy them.

The kids will never know the difference.

You don’t want to be paying on Christmas gifts long after the kids have forgotten about their toys that you bought them on a credit card.

Keep in mind what our wise fore fathers had to say about debt:

Benjamin Franklin said the “He would rather go supperlass, than to rise in debt.”

Andrew Jackson once said that “When you get in debt you become a slave.”

And back to our good freind and third president of the United States,

Thomas Jefferson “Never spend money before you have earned it.”

To finish this article off, I would like to leave you with this quote from Earl Wilson,

“Today, there are three kinds of people:  the have’s, the have-not’s, and the have-not-paid-for-what-they-have’s.”

It is far better to be one of the “Haves”, than to be one of the “Have not paid for what they have’s.”

If you feel that you would like speak to a professional credit counselor to talk about your ,

“Getting Debt Free” options  then click here for a free credit or debt consultation.

Wishing everyone a prosperous life filled with abundance.

debt free strategies,quick credit repair,credit repair secret

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.

















12 Universal Laws to Manifest Abundance

/ by / Tags: ,

abubdance, natural laws, debt free

Using the 12 Natural Laws in your Debt Consolidation and Credit Counseling Mind Set


O.K – before you embark on your debt consolidation loan or your credit counseling program it may be a good time to reflect on how you got here in the first place.

How will you grow to  move beyond this state of consciousness by using the 12 Universal Laws?

It would be good to have some understanding of the divine universal laws of the universe and how we are all connected in this life that we live.

So let’s dive in.

think positive, law of abundanceThe Law of Divine Oneness – everything is connected to everything else. What we think, say, do and believe will have a corresponding effect on others and the universe around us.

Think positive thoughts. You become what you think all day and the words that you say.

Law of Vibration – Everything in the Universe moves, vibrates and travels in circular pattern.

 The same principles of vibration in the physical world apply to our thoughts, feelings, desires and wills in the Etheric world.

Each sound, thing, and even thought has its own vibrational frequency, unique unto itself.

Think and project “Good Vibrations”

Law of Action
– Must be employed in order for us to manifest things on earth. We must engage in actions that supports our thoughts dreams, emotions and words.

Similar to the law of Divine Oneness. Take positive actions that move you closer to your goals each day.

Law of Correspondence – This Universal Law states that the principles or laws of physics that explain the physical world energy, Light, vibration, and motion have their corresponding principles in the etheric or universe “As above, so below”

Law of Cause and Effect – Nothing happens by chance or outside the Universal Laws.. Every Action(including thought) has a reaction or consequence “We reap what we sow”

Law of Compensation– The Universal Law is the Law of Cause and effect applied to blessings and abundance that are provided for us. The visible effects of our deeds are given to us in gifts, money, inheritances, friendships and blessings.

Live by the “Golden Rule”. Do unto others as you would have do unto you.

Law of Attraction – Demonstrates how we create the things, events and people that come into our lives Our thoughts, feelings, words, and actions produce energies which, in turn attract like energies. Negative energies attract negative energies and positive energies attract positive energies.

You have probably heard of this one…

What you think and project in your thoughts will manifest in your life.

The Law of Perpetual Transmutation of Energy –

All persons have within them the power to change the conditions of their lives.

Higher vibrations consume and transform lower ones;

Each of us can change the energies in our lives by understanding the Universal Laws and applying the principles in such a way as to effect change

Law of Relativity

Each person will receive as series of problems (Tests of Initiation/Lessons) for debt relief, credit card relief, IRS tax settlementthe purpose of strengthening the light within.

Each of these tests/lessons are to be a challenge and remain connected to our hearts when proceeding to solve the problems.

This law also teaches us to compare our problems to others problem into its proper perspective.

No matter how bad we perceive our situation to be, There is always someone who is in a worse position. Its all relative.

Law of Polarity
– Everything is on a continuum and has and opposite. We can suppress and transform undesirable thoughts by concentrating on the opposite pole. It is the law of mental vibrations.

Law of Rhythm – Everything vibrates and moves to certain rhythms.

These rhythms establish seasons, cycles, stages of development, and patterns.

Each cycle reflects the regularity of God’s Universe.

Masters know how to rise above negative parts of a cycle by never getting to excited or allowing negative things to penetrate their consciousness.

Law of Gender
– The law of gender manifests in all things as masculine and feminine.

It is this law that governs what we know as creation.

The law of gender manifests in the animal kingdom as sex. This law decrees everything in nature is both male and female.

Both are required for life to exist.

O.K. so these 12 Universal Laws definitely give one something to ponder upon. By examining your life, setting new goals, and projecting positive thoughts daily you are bound to succeed.

It is a Universal Law!!  debt consolidation loan, credit counseling

Click Here for a FREE Debt Consultation

Disclosure: We are a professional review site that receives compensation from the companies whose products we review. We review each product or service thoroughly and give high marks to only the very best companies. We are independently owned and the opinions expressed here are our own.

Powered by