Exactly what's the most effective force in deep space, and does it work for or versus you?
When asked exactly what he thought was the "most effective force in the universe," Einstein replied, "Substance interest." Shocking Data: ( According to the Federal Reserve). - 49,000 U.S. Homes now have in between $50 million and $500 million in net worth. - 125,000 U.S. Households are in between $25 million to $50 million. - Over the next 50 years the wealthiest Americans will leave roughly $27 trillion dollars. - The wealthiest 1% of Americans control more wealth than 90% of the whole US population. - There were only 13 billionaires in 1985 in the US, now there are over 1000. - Today more than 10,000,000 Americans are millionaires. So, this tiny portion of our people manages 51.3 Trillion dollars of America's entire $57 Trillion net worth. Got me thinking ... That's a LOT of people worth over $25 mil! Can You Picture THAT? The breadth is shocking, eh? Now, think of ... The number of individuals really have a (unfavorable) net worth? Think about These Popular Realities ... From 100 Americans, by Age 65:. - 1 is Wealthy. - 4 are Financially Independent. - 32 are Dead. - 63 are Broke. From PBS: FRONTLINE ®, "Secret History of the Credit Card" (2004 *). - The typical family has 7 charge card. - The average household has a total credit card balance of approximately $25,800. * KEEP IN MIND: U.S. Retail Gas Costs averaged only $1.49 during the first week of 2004. These numbers must be a fair bit even worse these days, right? Because of continually higher joblessness, increasing gas prices, declining residential or commercial property worths and record foreclosure rates all over the country, plus the new "creditor friendly" bankruptcy laws (Passed in October 2005 that cut personal bankruptcy filings 80% in 2006) ... it's no surprise things are so bad today. If such little percentages of people are actually rich, and we know there's 174,000 Americans worth over $25 million, the number of folks have over $50,000 in charge card financial obligation? The response is ... COUNTLESS Americans have more than $50,000.00 of Credit Card Financial obligation! I can tell you, you're not alone if you do too. It's not even all your fault ... My average customer over the past three years has had more than $44k in credit card financial obligation. I have lots of individual customers every year with more than $100k of credit card financial obligation. That's a great deal of financial obligation! Can you relate? " Cash" ... Life isn't really all about loan, however cash does affect everything that's most important to us, like our health and our relationships; with our children, household, good friends and individuals in general. Just how much loan we have (after paying our lousy bills) ultimately restricts how generous we can be and how much fun we can have. Loan is the critical aspect in between living the life we actually desire or choosing a way of life less than we deserve. So, exactly what's the difference? What's the Difference in between having $50-$ 500 Million Dollars vs. having more than $50,000.00 of Charge card Debt? It's exactly what I like to call, the "Concept." It's the "trick of the rich" we each should embrace, and used, if we are to ever leave debt in this life time ... Here's the Big Idea:. " STOP paying interest and START making interest, ASAP". The difference is the wealthy have cash working FOR them and the broke have cash working against them. Over time it adds up, either way. Has the "A lot of Powerful Force in deep space" been Working For You, or Versus You? How are things trying to find you today? If you're paying interest on a large amount of charge card financial obligation, then you must know you actually need to STOP TODAY. Possibly you needed to stop a long time back, but find yourself still paying interest every month ... " Stop paying interest and begin making interest, ASAP!". ... It's not just the "Concept ", it's a great idea. The quicker, the better! Remember, from 100 Americans, by Age 65:. 1 is Rich *. 4 are Economically Independent *. 32 are DEAD **. 63 ARE BROKE! **. * The wealthy and economically independent ALL discovered the "Big Idea" and Did Something About It to have loan working for them instead of against them. ** The broke (and most likely the majority of the dead) are (were) SLAVES to loan ... constantly working for money, never having enough, running on the treadmill, stressed out, with damaged relationships, poor health and unable to pay for a better life ... all because they CHOSE to keep paying interest instead of the big idea. STOP! Do not be a slave any longer. Change your life today. DO IT NOW! Do It Now, BEFORE You Too End up Consuming Alpo Pet dog Food on Cracker Crackers, Spending Your "Golden Years" under the "Golden Arches", Dead Broke or Worse ... It's bad enough we pay so much in taxes, right? Why continue to toss so much money down the toilet in interest payments ??? Liberate yourself from monetary slavery to your creditors. Commit to the "Big Idea": STOP Paying Interest and START Earning Interest, ASAP!
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Credit Repair can be simple if you have the right tools. One of the hardest parts of repairing your credit report is analyzing the laws. This "ways to" post is written in terms that are easy to understand and cut through the legal lingo.
Debt Validation: Let's state you owe Mike (original creditor) $100.00 and a Guy named Steve (collector) comes up specifying he desires $100.00 on behalf of Mike. Would you just hand him your cash, or request evidence of who he is which he can collect the $100.00? This is called financial obligation recognition and is a really effective tool for credit repair work. Let me explain. You can write Steve and ask for the following and he must offer it all or he can not gather the $100.00, nor can he report it to the credit bureaus. - An agreement between him and Mike showing he owns the financial obligation or was employed to gather it. Think of it. If he can not offer that contract, he is simply some person called Steve asking for $100.00. - Account statements from Mike. Perhaps you paid mike $20.00 of the $100.00. Mike will have records of that. Steve needs to provide you with that and IT CAN NOT BE his own declarations - they have to be from Mike. This is important! Steve (collectors) prefer to provide their own hard copies and this is not legal. It should be Mike's original accounting and come straight from Mike. So, here's the process to credit report repair work, utilizing Debt Recognition:. Step 1: Send out a letter to Steve Requesting the above info e.g. proof he has the right to gather the debt and Mike's original declarations which detail the debt and payment history. Step 2: Dispute the debt with the Credit Bureaus at the same time. Step 3: Wait about 1 Month and you'll get a letter from Steve which will have among the following outcomes. Many Typical: Steve's own printout which is an offense of the FDCPA, you can then sue Steve and have it gotten rid of from your credit report. Remember, it should be Mike's personal records. Pretty Common: No action in which case it will be eliminated from your credit report. Rather Unusual: Steve Provides the contract revealing he has the right to collect the financial obligation, a copy of the contract you signed with Mike and your payment history. The latter is the legal technique for Steve and is Uncommon. For some reason, Steve (collectors) still are not wise adequate to follow all the guidelines. Nevertheless, if he finally got wise and offered all the details that is needed, you have another technique. Inspect and see if he is accredited in your state to gather debts. Most states require licenses, bonding and insurance to gather financial obligations. It is typical for Steve to obtain those products in his own state, but not each state he tries to collect in. If your state needs those things, Steve needs to acquire them in your state and any state he attempts to gather in or he has no right to collect. Debt Re-Aging: The most regularly mistreated guideline of the FDCPA and FCRA is collector re-aging debts. If a collection agent re-ages a financial obligation, there is an excellent opportunity you can have that removed. So what is re-aging? Initially, let's take a look at the meaning of re-aging financial obligations. Definition: Lenders change the date that the financial obligation spoiled. Typically they want to report the date as the day they purchased the debt from the initial creditor. Certainly, if they bought the debt 6 months after it actually went bad, that is not fair to you given that it moves the date it will be removed from your credit report up by 6 months. How it ought to be reported: A financial obligation is legally considered bad 1 Month from the date of your last payment. For example; if your last payment was January 1st 2001 the debt will spoil approximately February 1st 2001. This date is very important due to the fact that the statute of limitations begins from that date. Think about it, if a collection agent purchases the financial obligation 6 months later on and dates it from that day, that's 6 months more its harming your credit. It's also an infraction of the FCRA and a chance for you to have it eliminated from your credit report all together. How big of an infraction is this on behalf of the financial obligation collectors? Here is a suit by the FTC themselves. One of the country's biggest debt-collection firms will pay $1.5 million to settle Federal Trade Commission charges that it breached the Fair Credit Reporting Act (FCRA) by reporting unreliable information about customer accounts to credit bureaus. The civil charge against Pennsylvania-based NCO Group, Inc. is the biggest civil penalty ever gotten in a FCRA case. Dispute Letters: Here is the proper way to send conflict letters to provide you the very best possible chance of getting negative items removed from your credit report. When you've put together a list of all the unfavorable information on your credit report you want to prioritize them in order of most destructive initially. Start with your individual info e.g. names, social, addresses and employers. Many times debts are "connected" to your address. Dispute any of the above personal info that is not current. The objective is to have it totally eliminated, not adjusted. You wish to challenge the most unfavorable item initially and you need to give an outcome you would like. For instance, this account is not mine, please remove it from my credit report. If you do not give an acceptable outcome, they might change an account when you actually wanted it eliminated and visa versa. Furthermore, you wish to use terminology that is encouraging to the bureaus that you're not utilizing a credit repair agency. Simply puts, write it like a stunned and pissed off consumer. If it's a perfectly formatted letter and they recognize it, you'll most likely get the "unimportant" comment and no changes. I've composed letters that say things like "what the hell is this on my report? Please get this garbage off of here instantly.". Sounds silly, but its something an angry customer is most likely to compose and it's worked numerous often times. When you have actually sent your letters, it's likely you'll get an action back within a week or more asking for more details - specifically "what credit repair work business you're utilizing" This is a stall tactic, do not answer them. They do this since if they receive brand-new info, they are allowed another 15 days to examine. If your credit reports come back validated, no change, don't panic. You can re-dispute the product only for different factors. If you sent out the first one stating "not Yours", then next letter can take the angle of "wrong account number" or incorrect balance. This provides something new they should look into and a higher chance of the financial institution not confirming it. If you've attempted all of this, you still have recourse. You can request their method of confirmation. How did they validate the info, who did they speak with? You want to inquire the business name, address and telephone number of the furnisher of the info. That is your legal right to request that details and a really effective tool in credit repair work. This works since credit bureaus validate your info via a computer system and a 2 digit code. When you request names and numbers, this is frequently a big issue for the credit bureaus. As soon as you begin seeing products eliminated, repeat actions above until your perseverance settles. |