I didn't realize that you had money to throw away during these almost $4.00 per gallon gasoline days. But from what most of you are telling me you do. Congratulations you are richer than I am.
What am I talking about? I am talking about your desire to buy a home in six months with a credit score between 620 and 650, live in it for 10 years and throw away about $15,000. Yep 15 big ones down the tank. Let's see, that is 3,750 gallons of gas idled away because you don't want to get your credit score to 720 or above by spending about $1,000.
Let me give you some numbers (the interest rates reflected are based on information I collected this morning). If you get a loan today for $150,000 at 5.75% your monthly principal and interest (P&I) payment would be $875.30. If you got that same loan at 6.75% your monthly P&I payment would be $972.90. About $100 more plus of course a higher PMI of say $25 a month. A grand total of about $125 per month because of a lower credit score that you think is okay. I'm sorry but if I can find a way to save $125 per month on my future house payment I am going to do just that. I will gladly trade $1,000 for $15,000 any day of the week.
How do you raise your credit score? Well I can guarantee that you can't do it on your own. You versus a multinational corporation is a losing situation. I know what the law says and I know what the fine print in the law says also. You will almost certainly lose.
Is credit restoration legal? Yes it is. Is it ethical? Yes it is. Is it moral? Yes it is.
What does it take? It takes a national membership association with many benefits, thousands of members and a team of knowledgeable credit restoration attorneys. In other words it takes expertise. It takes team work, you and the association working together to better your situation. Are you going to let stubbornness and a "I don't believe that" attitude stand in the way? Or are you going to investigate the possibilities, make a good well researched decision for the betterment of your family and personal financial situation? I don't know about you, but in these days of $4.00 per gallon gas I am all for admitting where I need help and not be afraid of asking for a little. I think there is something in the bible about acquiring wisdom. Check this out: http://www.national-credit-alliance.org/
I hope you have a great day. See you at the gas pump.
Ron
Two new links to check out:
Email me after you watch the 7 minute video at the credit repair link above.
