How to Sink Your Credit Score

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Debt settlement we buy your debt!
Our company will buy your unsecured debt then you pay us back at the reduced balance. This is the new way things are going to be done in regards to debt settlement. This approach will pay off your creditors w/ our investors money!! No more waiting for 2-3 yrs & destroying your credit the entire time. Your debts will be bought in months not years!!! Call me to go over the program. If you have debt then this maybe your answer to avoiding bankruptcy. In Oct. a new law regulating debt settlement companies takes effect. To my knowledge we are the only company in compliance w/ the new law.
Gabriel
800-380-0184 ex. 722

Gabriel of CA 12:58PM August 10, 2010

That is exactly what Jim Wang was saying. He was telling us what to do if we want BAD CREDIT, not how to get good credit. If you read the article, you would have seen that every piece of advice he gave was BAD advice. So if you want to raise your credit score, flip everything Mr. Wang said around and do that instead.

Carri M of MI 12:16PM August 10, 2010

Canceling cards or lowering balances is actually terrible advice when it comes to your credit utilization; the best thing you can do is to have good-sized limits and use discipline to keep your balances at 20% or less. Canceling cards actually makes the problem worse, because your overall limit goes down (meaning you're going to hit double-digits that much faster). Canceling older cards is especially bad, because lenders look at the age of your accounts as well as your payment history. We recently paid down about $40,000 in credit card debt, and our score came up for a while, but then started to go down because we no longer had any active accounts.
Opening two credit card accounts has boosted our score from the 680's to over 700--allowing us to qualify for 0% interest for a car loan and good mortgage rates. We were pre-approved for one of the cards, so it didn't generate an inquiry. As tough as it is, we're committed to keeping our limits higher and our balances low; we're paying off our cards except for expenses we've identified ahead of time (like home improvement items) to take advantage of the 0% introductory rate on our cards.

seangb of WI 12:55PM August 09, 2010