CREDIT RESTORATION

Often, the "roadblock" to becoming a homeowner, whether you are a first time home buyer or otherwise, is a credit issue. As such, many choose to "Rent-To-Own" for credit reasons. For in a "Rent-To-Own", its not how good your credit is today that qualifies you (as it is when buying outright) but instead, how good your credit COULD be by the end of the lease/option term. Go here for more information regarding the Qualification process.

Here at Rent-To-Own America, we want you to be able to own that 'Ideal Home' that you may dream of. So, we assist you in every step of the process, from finding the home, to getting you in the home and also in obtaining the financing (including resolving any credit issues) so you CAN own your 'Ideal Home'. We can refer you to one of our credit issue specialist lenders ("Dr. I's 'golden needle in a haystack' " lenders - see Financing or CONTACT US for more information) to see if you pre-approve for a mortgage so you can buy the home.

BUT, WHAT HAPPENS IF YOU FAIL TO PRE-APPROVE ?

2 solutions: A lease with purchase option and credit restoration.

For Rent-To-Own America is all about being able to get that'Ideal Home' now ! No more renting and then having to move because you'd already be in the home that you wish to own. So, if credit issues cause you to not pre-appove for a mortgage, all is not lost for we can help you get your credit right to own that 'Ideal Home'.

SO, WITHOUT FURTHER ADO, WE INTRODUCE YOU TO ...

Just who are NEW BEGINNINGS CONSULTANT COMPANY (aka NBCC) ?

New Beginnings Consultant Company (NBCC) is a credit restoration specialist with over 30 years experience founded with one vision in mind - to help people separate their damaging past from their promising future.

The Credit Bureaus label us with a number, but people are more than just a number. Why should we be forced to accept the costly consequences of that number ?

NBCC is in the business of giving people back their good name and freeing them from any crippling numbers.

Getting started is easy, just remember the 3 R's:

Report, Review, Restore ...

STEP 1 - REPORT

Go to Privacy Guard (touch image above for link) and get credit reports and scores for all 3 bureaus.

STEP 2 - REVIEW

Touch on image above for link to send in Privacy Guard credit reports for a FREE credit analysis. Your reports would be reviewed and you would be advised on what you would need to do to boost your credit.

STEP 3 - RESTORE

Touch on image above to enroll in the NBCC credit restoration program and let the credit restoration process begin ! This process includes reviewing all derogatory and positive information and disputing negative accounts to the respective credit bureaus. Multiple rounds of disputes are done to achieve the results wanted. In addition, there is a...

MONEY BACK GUARANTEE !!!

If your credit scores are not 640 or better within 12 months, you get your money back ! The guarantee is for 12 months but the average time to get 640 or better credit is 8-10 months assuming proper following of the program and advice given. And on top of that, NBCC also has a...

(Discount available for military personnel AND first responders)

And that's not all ...

FREE CREDIT RESTORATION ADVICE

NBCC is in the credit restoration business (as opposed to credit repair) for a reason. Standard credit repair does not work ! NBCC has had tremendous success in helping people get their credit scores raised to a point where they can do things like buy homes, cars and so on. NBCC believes educated people make for the best relationships as knowledge is power...

For example, did you know that one late payment can drop credit scores by 80 or more points ? If your credit is suffering in today's economy, NBCC can help. Spend some time to learn vital information about credit and the credit scoring formula. Read on...

FINANCIAL MAKEOVER

Money is a tool, not a trophy, BIG DIFFERENCE. The smart ones know the difference. It goes back to the idea that the "love of money is the root of all evil". Think about it, you can love a trophy, but who loves a hammer??

Use money to help yourself, your family and others. Learn how to make it, save it, and invest it. Learn how to make it work for you. Use it like a tool.

Never abuse money to "show off" as a trophy or even "reward yourself". If you ever find yourself using your money like a trophy, stop and think. This spending behavior leads to stress, robs you of peace, and has a high price tag. Often people end up paying the price in failed marriages, health problems, lost homes, and drowning in debt with no hope of ever getting out. Trophies come with tremendous costs.

If you want to learn how to use money like a tool, control your money and not have it control you, then spend some time here. We offer some life changing but simple steps to a total money makeover. Start to establish these simple financial habits: Pay Yourself First, Establish a Budget, Eliminate Debt and Automate Your Savings and Investments. You can do other things to improve your money situation while you're working on these steps.

First, focus on the fundamental personal finance equation: to pay off debt, or to save money, or to accumulate wealth, you must spend less than you earn. SIMPLE BUT VERY IMPORTANT! Curb your spending. Re-learn frugal habits.

While you work to spend less, do what you can to increase your income. If possible, sell some of the stuff you bought when you got into debt. Get an extra job.

Finally, go to your local public library and borrow Dave Ramsey's The Total Money Makeover. Don't be put off by the title - this is a fantastic guide to getting out of debt and developing good money habits. After you've finished, return it and borrow another book about money.

The most important thing is to start now. Don't start tomorrow. Don't start next week. Start tackling your debt now. Your older self will thank you.

• Pay Yourself First -
• Most people today only save about 4 percent of their income. That means they are only working 22 minutes a day for themselves. If you're serious about finishing rich, you need to change this behavior. By making small, incremental improvements to your savings, you can win big.
• You should Pay Yourself First, at least one hour's worth of income every day," David Bach writes. "(Another way to put this is to say that you should Pay Yourself the First 12.5 percent of your gross income, but an hour a day is easier to remember.)
• The key is making your saving automatic by "paying yourself first." In other words, pay yourself before you pay the mortgage, the credit card company or even your taxes. And make sure it happens automatically each month so you don't have a chance to put that retirement money toward new shoes or golf clubs.
• The government pays itself automatically each time you get paid. Taxes are taken out of your salary before you even get your check. You should arrange for money to be taken from your salary and put into a retirement account before you ever get to see it. Most employers make this easy through a 401(k) plan. Sign up and you're well on your way to retirement.
• How to do it: Very simply, however you receive your income, take 10% off the top and put it away in a savings account. Don't touch it. When you get your check, either do it yourself right there at the bank, or have it done automatically by whoever is doing your direct deposit, set up a saving account to have 10% automatically direct deposited there.
• You must be paid first, and every single time you get paid.
• For some, starting to pay yourself before you have paid off your debt may seem counter-intuitive. Why save before paying off debt? Because if you don't save first, you're not going to be able to cope with unexpected expenses. Do not tell yourself that you can keep a credit card for emergencies. Hide your credit cards; USE CASH for emergencies.
• How much should you save? Ideally, you'd save $1,000 to start. (College students may be able to get by with $500.) This money is for emergencies only. It is not for beer. It is not for shoes. It is to be used when your car dies, or when you break your arm in a touch football game.
• Keep this money liquid, but not immediately accessible. Don't tie your emergency fund to a debit card. Don't sabotage your efforts by making it easy to spend the money on non-essentials. Consider opening an online savings account. When an emergency arises, you can easily transfer the money to your regular checking account. It'll be there when you need it, but you won't be able to spend it spontaneously.
• Eliminate Debt -
  
  • Debt elimination involves three steps:
  • 1. Stop acquiring new debt.
    2. Establish an emergency fund.
    3. Implement a debt snowball.
  • Here's how to approach each step:
  • Stop acquiring new debt. (This step can be accomplished in an afternoon.)
  • This may seem self-evident, but the reason your debt is out of control is that you keep adding to it. Stop using credit. Don't finance anything. Cut up your credit cards.
  • That last one can be tough. Don't make excuses. I don't care that other personal finance sites say that you shouldn't cut them up. Destroy them. Stop rationalizing that you need them.
  • You don't need credit cards for a safety net.
    You don't need credit cards for convenience.
    You don't need credit cards for cash-back bonuses.
  • You don't need credit cards at all. If you're in debt, credit cards are a trap. They only put you deeper in debt. Later, when your debts are gone and your finances are under control, maybe then you can get a credit card.
  • After you destroy your cards, halt any recurring payments. If you have a gym membership, cancel it. If you automatically renew your World of Warcraft account, cancel it. Cancel anything that automatically charges your credit card. Stop using credit.
  • Once you've done this, call each credit card company in turn. Do not cancel your credit cards (except for those with a zero balance). Instead, ask for a better deal. Find an offer online and use it as a bargaining wedge. Your bank may not agree to match competing offers, but it probably will. It never hurts to ask....
  • Establish an emergency fund
  • (This step will probably take several months.)
  • For some, this is counter-intuitive. Why save before paying off debt? Because if you don't save first, you're not going to be able to cope with unexpected expenses. Do not tell yourself that you can keep a credit card for emergencies. Destroy your credit cards; save cash for emergencies.
  • Implement a debt snowball. (This step may require several years.)
  • After you've stopped using credit, and after you've saved an emergency fund, then attack your existing debt. Attack it with vigor. Throw whatever you can at it.
    Many people say to pay your high interest debts first. There's no question that this makes the most sense mathematically. But if money were all about math, you wouldn't have debt in the first place. Money is as much about emotion and psychology as it is about math.
  • There are at least two approaches to debt elimination. Psychologically, using a debt snowball offers big payoffs, payoffs that can spur you to further debt reduction.
  • Snowball Method (short version): Order your debts from lowest balance to highest balance. Designate a certain amount of money to pay toward debts each month.
    Pay the minimum payment on all debts except for the one with the lowest balance.
  • Throw every other penny at the debt with the lowest balance.
    When that debt is gone, do not alter the monthly amount used to pay debts, but throw all you can at the debt with the next-lowest balance. The debt snowball. It still takes time to pay off your debts, but you can see results almost immediately.
• Automate Your Savings -
• How important is it to begin putting aside money for savings right now, as opposed to sometime later?
• The effect of compound interest on savings over the course of 40-plus years shows that now is the time for saving.
• The sooner you start to save, the greater the benefit of compound interest. Compound interest is the interest earned on reinvested interest, in addition to the original amount invested.
• With compound interest, the earlier you start saving, the greater the accumulated interest on your original investment. The important thing is to start saving your money. The best time to start saving is now--no matter how large or small the amount. It's never too late to start. Remember, today is the first day of the rest of your life, so get time on your side and plan for your future by starting to save--now.
• Once you have three month reserves set aside in your savings account, set up an automatic investment plan.
• This step is critical to helping you establish a true stable financial foundation and should carry you through your retirement. Choose a diversified mutual fund (any financial planner can help) to start your road to prosperity on. A diversified mutual fund will allow you to invest in many different companies that offer many different risks/return scenarios which will help protect your investment.
• Next, set up a small, automatic monthly draft to take money out of your savings plan and deposit into the fund you chose. Have your bank set this up for you.
  Now you have eliminated yourself from the equation. You have automatically set up a savings plan, depositing 10% of your paycheck into this cash reserve account, and now you set are automatically investing every month into a long term investment.
• This last step is vital. You will never invest on a regular basis if you don't set this up. Other needs will always pop up, but follow through on this. Your older self will love you, as you are financially independent and can comfortably enjoy your life.
  

CREDIT RESTORATION

Not so sure how this works? Who can you trust? Skeptical of the credit repair industry? How does all this work? Does it really work?

Our criminal laws are written courts in such a way that you're innocent until proven guilty. Following this reasoning, the Fair Credit Reporting Act was written the same way. So we take the same tact and position as a defense attorney, and we go after everybody that is accusing you of anything, and if they cannot prove their case to the extent that the law requires, then we demand that they remove it from your credit report.

The complaints against the credit repair industry are many. Beyond the common complaints of fraud, scams, rip-offs, and the like, the biggest complaint by far is "it just doesn't work".

Unfortunately, some of these accusations are true. There are many scam credit repair companies operating, and even if they are a legitimate company, often their best efforts do not help their customers enough.

If the goal is to raise a credit score to qualify for mortgage loan and a credit repair company is enlisted to perform this service, the customer will be disappointed. It doesn't work. Just repairing the credit will not raise the score enough. Most credit repair companies focus solely on the removal of derogatory credit.

Higher credit scores are the results needed, not just deletions of derogatory credit. So we go after the negative credit, but then we address the bigger picture. We help each client find opportunities to add positive credit to your file. This is the only method that works to raise a credit score significantly.

A good score is comprised of good payment history, and good, open lines of revolving credit, with high limits and low balances. Our program goes after all aspects of your credit report. We successfully challenge the derogatory credit, and help you find opportunities to add positive credit. And this method works, you will have to trust us on this!

ADDING POSITIVE CREDIT HISTORY

To get a good credit score, you must have good credit reporting! You can't get good credit because when you apply for credit, you are denied because you have a bad score….and around and around it goes.

We have broken that cycle for you!

There are several easy ways to add positive credit history to your credit report. This short chapter will give you all the important information necessary to instantly add serious points to your credit score and start building strong credit references right away.

Obtain pre-paid or secured credit cards

This is another easy way to begin building rebuilding positive payment history on you credit report. A prepaid or secured credit card is a credit card that holds your money as collateral for the credit you use.

There are many types of pre-paid and secured credit card accounts. The collateral used is always money. Most of these accounts require a security deposit equaled to the amount of the credit limit given plus a fee for the service. Other accounts are given a larger limit than the amount of collateral given. Not all of these types of accounts are reported to the credit bureaus, so if your goal is to improve your credit; be very selective in regards to the account you use. In addition many of these types of accounts charge excessive fees. The yearly fee should not exceed $150 for an average and reasonable major credit card.

Obtain Secured Bank Loans

Obtaining secured bank loans is easy and allows you to acquire excellent credit references using a simple technique we call the "Three Loan Maneuver". You will need at least $1000 to perform this procedure and get the desired end result, BETTER CREDIT! You will apply for 3 loans with 3 different banks in 3 days.

On the first day take your $1000 to the 1st bank and request a secured personal loan with a minimum of 85% loan to value. This loan must be a minimum of a 12 month term, with minimum payments.

This is the easiest type of loan to acquire because it is secured with cash. Most banks will loan 85% of the amount on deposit. Given the loan, the savings account becomes frozen. However, every time a payment is made, an amount equal to that payment becomes unfrozen, less a few dollars for interest. Ask that the loan be for at least one year, with minimum monthly payments. Monthly payments establish a payment history. You will not be turned down for this type of loan no matter what your previous credit history, and in most cases it will not be checked. If the loan officer is planning on checking your credit, and you have bad credit, tell them you are trying to re-establish your credit, and that a good credit rating is very important to you. In addition, make sure that this type of loan is reported to at least one of the major credit reporting agencies.

Once an $850 loan (85% of $1,000) is obtained, take that money to another bank the next day and open a second savings secured loan for $722.50. (85% of $850 = $722.50)Then you repeat the same step again by opening a third savings account of $614.12 (85% of $722.50 = $614.12). You will only be able to obtain 3 loans if you only have $1000 because each loan requires an equal amount of collateral plus interest.

Pay these loans off by doubling the minimum payment every month on time using the unfrozen funds that become available. Each time you make a payment you will free up funds that equal the amount you have paid minus interest. As long as you only use these funds to repay your secured savings account loan and you pay on time you will add positive credit references quickly. The interest rate should be very low and not cost you more then $30 per funded loan.
Make sure that the loans are not completely paid off for at least six months from the date that they were opened. This will ensure that they are reported to the credit bureaus. You also want to be sure that accounts are eventually satisfied or you may only be hurting your credit. By completing this easy and cost effective maneuver; you will have a minimum of three solid credit references added to your credit history and added a number of points to your credit score.

If you have questions about NBCC and their credit restoration program,

CONTACT US

We would like to remind you that not every thought needs to be shared :-) or as it turns out : Posted or Tweeted. This is because lenders and other credit analysts are trending towards using your social media as data for determining your credit score and other risk factors for timely repayment.

Example, is there mention of job loss or complaints about work? How about posting about being "wasted"? Party talk? Have your friends defaulted on loans? This will negatively impact you.

"It turns out humans are really good at knowing who is trustworthy and reliable in their community," said Jeff Stewart, a co-founder and CEO of Lenddo. "What's new is that we're now able to measure through massive computing power."

The power, reach and scrutiny of Facebook and other giant data collecting is un-nerving. Our advice? Use discretion when posting. No drunk texting or posting is always good advice. Once it is on the web, it is public data.