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Credit Repair: Self Help May Be Best ----knowledgefinancial.com

You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get
fliers in the mail. You may even get calls from telemarketers offering credit repair services. They all make the
same claims:
“Credit problems? No problem!”
“We can erase your bad credit — 100% guaranteed.”
“Create a new credit identity — legally.”
“We can remove bankruptcies, judgments, liens, and bad loans from your credit file forever!”

Do yourself a favor and save some money, too. Don’t believe these statements. Only time, a conscious effort,
and a personal debt repayment plan will improve your credit report.
This brochure explains how you can improve your creditworthiness and gives legitimate resources for low or
no-cost help.

The Scam --------knowledgefinancial.com
Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to
clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. The truth is,
they can’t deliver. After you pay them hundreds or thousands of dollars in fees, these companies do nothing
to improve your credit report; most simply vanish with your money.

The Warning Signs
If you decide to respond to a credit repair offer, look for these tell-tale signs of a scam:
companies that want you to pay for credit repair services before they provide any services.

companies that do not tell you your legal rights and what you can do for yourself for free.
companies that recommend that you not contact a credit reporting company directly.

companies that suggest that you try to invent a “new” credit identity — and then, a new credit report — by
applying for an Employer Identification Number to use instead of your Social Security number.

companies that advise you to dispute all information in your credit report or take any action that seems
illegal, like creating a new credit identity. If you follow illegal advice and commit fraud, you may be subject to
prosecution.
You could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit
and provide false information. It’s a federal crime to lie on a loan or credit application, to misrepresent your
Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service
under false pretenses.
Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have
completed the services they have promised. ------------knowledgefinancial.com

The Truth
No one can legally remove accurate and timely negative information from a credit report. The law allows you
to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no
charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no
cost. According to the Fair Credit Reporting Act (FCRA):

You’re entitled to a free report if a company takes adverse action against you, like denying your application
for credit, insurance, or employment, and you ask for your report within 60 days of receiving notice of the
action. The notice will give you the name, address, and phone number of the consumer reporting company.
You’re also entitled to one free report a year if you’re unemployed and plan to look for a job within 60 days; if
you’re on welfare; or if your report is inaccurate because of fraud, including identity theft.

Each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — is required to
provide you with a free copy of your credit report, at your request, once every 12 months.
The three companies have set up a central website, a toll-free telephone number, and a mailing address
through which you can order your free annual report. To order, click on annualcreditreport.com, call 1-877-322-
8228, or complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request
Service, P.O. Box 105281, Atlanta, GA 30348-5281.  -----------knowledgefinancial.com

You can print the form from  Do not contact the three nationwide consumer reporting companies individually.
They are providing free annual credit reports only through annualcreditreport.com, 1-877-322-8228, and
Annual Credit Report Request Service, P.O. Box 105281, Atlanta, GA 30348-5281. You may order your reports
from each of the three nationwide consumer reporting companies at the same time, or you can order your
report from each of the companies one at a time.

Otherwise, a consumer reporting company may charge you up to $9.50 for another copy of your report within
a 12-month period.
You can dispute mistakes or outdated items for free. Under the FCRA, both the consumer reporting company
and the information provider (that is, the person, company, or organization that provides information about
you to a consumer reporting company) are responsible for correcting inaccurate or incomplete information in
your report. To take advantage of all your rights under this law, contact the consumer reporting company and
the information provider. ---- knowledgefinancial.com

STEP ONE
Tell the consumer reporting company, in writing, what information you think is inaccurate. Include copies
(NOT originals) of documents that support your position. In addition to providing your complete name and
address, your letter should clearly identify each item in your report you dispute, state the facts and explain
why you dispute the information, and request that it be removed or corrected. You may want to enclose a
copy of your report with the items in question circled. Your letter may look something like the one on page 6.
Send your letter by certified mail, “return receipt requested,” so you can document what the consumer
reporting company received. Keep copies of your dispute letter and enclosures.

Consumer reporting companies must investigate the items in question — usually within 30 days — unless
they consider your dispute frivolous. They also must forward all the relevant data you provide about the
inaccuracy to the organization that provided the information. After the information provider receives notice of
a dispute from the consumer reporting company, it must investigate, review the relevant information, and
report the results back to the consumer reporting company. If the information provider finds the disputed
information is inaccurate, it must notify all three nationwide consumer reporting companies so they can
correct the information in your file.

When the investigation is complete, the consumer reporting company must give you the results in writing and
a free copy of your report if the dispute results in a change. If an item is changed or deleted, the consumer
reporting company cannot put the disputed information back in your file unless the information provider
verifies that it is accurate and complete. ----knowledgefinancial.com

The consumer reportincompany also must send you written notice that includes the name, address, and
phone number of the information provider. If you request, the consumer reporting company must send notices
of any correction to anyone who received your report in the past six months. You can have a corrected copy
of your report sent to anyone who received a copy during the past two years for employment purposes.
If an investigation doesn’t resolve your dispute with the consumer reporting company, you can ask that a
statement of the dispute be included in your file and in future reports. You also can ask the consumer
reporting company to provide your statement to anyone who received a copy of your report in the recent past.
You can expect to pay a fee for this service.

STEP TWO
Tell the creditor or other information provider, in writing, that you dispute an item. Be sure to include copies
(NOT originals) of documents that support your position. Many providers specify an address for disputes. If
the provider reports the item to a consumer reporting company, it must include a notice of your dispute. And if
you are correct – that is, if the information is found to be inaccurate – the information provider may not report
it again.
For more information, see How to Dispute Credit Report Errors at .

Reporting Accurate Negative Information ----knowledgefinancial.com
When negative information in your report is accurate, only the passage of time can assure its removal. A
consumer reporting company can report most accurate negative information for seven years and bankruptcy
information for 10 years. Information about an unpaid judgment against you can be reported for seven years
or until the statute of limitations runs out, whichever is longer.

There is no time limit on reporting: information about criminal convictions; information reported in response to
your application for a job that pays more than $75,000 a year; and information reported because you’ve
applied for more than $150,000 worth of credit or life insurance. There is a standard method for calculating
the seven-year reporting period. Generally, the period runs from the date that the event took place.
For more information, see Building a Better Credit Report at

The Credit Repair Organizations Act
By law, credit repair organizations must give you a copy of the “Consumer Credit File Rights Under State and
Federal Law” before you sign a contract. They also must give you a written contract that spells out your rights
and obligations. Read these documents before you sign anything. The law contains specific protections for
you. For example, a credit repair company cannot:

make false claims about their services
charge you until they have completed the promised services
perform any services until they have your signature on a written contract and have completed a three-day
waiting period. During this time, you can cancel the contract without paying any fees
Your contract must specify:

the payment terms for services, including their total cost
a detailed description of the services to be performed
how long it will take to achieve the results
any guarantees they offer
the company’s name and business address
Have You Been Victimized?

Many states have laws regulating credit repair companies. State law enforcement officials may be helpful if
you’ve lost money to credit repair scams.
If you’ve had a problem with a credit repair company, don’t be embarrassed to report it. While you may fear
that contacting the government will only make your problems worse, remember that laws are in place to
protect you. Contact your local consumer affairs office or your state Attorney General (AGs). Many AGs have
toll-free consumer hotlines. Check the Blue Pages of your telephone directory for the phone number or check
www.naag.org for a list of state Attorneys General.

Need Help? Don’t Despair  --------knowledgefinancial.com
Just because you have a poor credit report doesn’t mean you won’t be able to get credit. Creditors set their
own credit-granting standards and not all of them look at your credit history the same way. Some may look
only at more recent years to evaluate you for credit, and they may grant credit if your bill-paying history has
improved. It may be worthwhile to contact creditors informally to discuss their credit standards.
If you’re not disciplined enough to create a workable budget and stick to it, work out a repayment plan with
your creditors, or keep track of mounting bills, consider contacting a credit counseling organization. Many
credit counseling organizations are nonprofit and work with you to solve your financial problems. But not all
are reputable.

For example, just because an organization says it’s “nonprofit,” there’s no guarantee that its services are
free, affordable, or even legitimate. In fact, some credit counseling organizations charge high fees, or hide
their fees by pressuring consumers to make “voluntary” contributions that only cause more debt.
Most credit counselors offer services through local offices, the Internet, or on the telephone. If possible, find
an organization that offers in-person counseling. Many universities, military bases, credit unions, housing
authorities, and branches of the U.S. Cooperative Extension Service operate nonprofit credit counseling
programs. Your financial institution, local consumer protection agency, and friends and family also may be
good sources of information and referrals.

If you are considering filing for bankruptcy, you should know about one major change to the bankruptcy laws:
As of October 17, 2005, you must get credit counseling from a government-approved organization within six
months before you file for bankruptcy relief. You can find a state-by-state list of government-approved
organizations  is the website of the U.S. Trustee Program, the organization within the U.S. Department of
Justice that supervises bankruptcy cases and trustees.

Reputable credit counseling organizations can advise you on managing your money and debts, help you
develop a budget, and offer free educational materials and workshops. Their counselors are certified and
trained in the areas of consumer credit, money and debt management, and budgeting. Counselors discuss
your entire financial situation with you, and help you develop a personalized plan to solve your money
problems. An initial counseling session typically lasts an hour, with an offer of follow-up sessions.

FIX-It-Yourself Check-Up --------knowledgefinancial.com
Even if you don’t have a poor credit history, some financial advisors and consumer advocates suggest you
review your credit report periodically
because the information it contains affects whether you can get a loan or insurance — and how much you will
have to pay for it.
to make sure the information is accurate, complete, and up-to-date before you apply for a loan for a major
purchase like a house or car, buy insurance, or apply for a job.
to help guard against identity theft. That’s when someone uses your personal information — like your name,
your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your
information to open a new credit card account in your name. Then, when they don’t pay the bills, the
delinquent account is reported on your credit report. Inaccurate information like that could affect your ability to
get credit, insurance, or even a job.
HOW TO FIX YOUR CREDIT, OR ANYBODY'S CREDIT, RAISE THE SCORES, RAISE THE CREDIT LIMIT. FREE, SIMPLE & EASY!
FREE CREDIT REPORT, COMPLETELY FREE, GET ONE NOW!
YOUR CREDIT IS CASH
ABSOLUTE! YOU MUST
MAINTAIN IT ------
What's your FICO Score

REVEAL GUARDED SECRETS OF AMERICAN CREDIT
SYSTEM. -----knowledgefinancial.com

WELCOME TO ANTONY'S CREDIT REPAIR CLINIC AND HELP YOURSELF WITH THE CLINIC'S
INSTRUCTIONS, GUIDANCE AND YOUR CREDIT SICKNESS SHOULD BE CURED WITHOUT
HAVING A SO CALLED CREDIT DOCTOR TO INTERROGATE YOU AND RIP YOU OFF. THIS
CLINIC IS A SELF SERVICE CENTER.
-----------------------------------
I LOVE TO REVEAL THE SECRETS OF THE CREDIT SYSTEM SO PEOPLE LIKE YOU AND I
CAN GAIN A FAIR ADVANTAGE IN THE FINANCIAL WORLD.

IT IS VERY REWARDING MORE IMPORTANTLY, I CHERISH THE LETTERS I RECEIVED FROM
ORDINARY PEOPLE WHO HAVE BEEN ABLE TO TURN THEIR LIVES AROUND BY GETTING
APPROVED FOR CREDIT CARDS, MORTGAGE LOANS, AND BUSINESS LOANS THEY NEVER
THOUGHT THEY COULD.
-----------------------------
LETS FACE IT. MOST OF US HAVE SOME CREDIT IMPERFECTNESS IN THE PAST, BUT
DON'T LET IT GET YOU DOWN, YOU HAVE WHAT IT TAKES TO LEARN EVERY SECRET I WILL
SHARE WITH YOU.
-----------------------------------------
MOST COMMON CREDIT TYPES:-----knowledgefinancial.com
THE THREE MOST COMMON CREDIT TYPES ARE:
OPEN CREDIT--- LIKE LIGHT BILL, PHONE BILL, LEASE AGREEMENT.
THIS BASICALLY PAY IN FULL MOST LIKELY MONTHLY.
----------------------------------------------------------------
INSTALLMENT CREDIT---- LIKE MORTGAGE LOANS, PERSONAL LOANS, STUDENT LOANS.
USUALLY THIS KIND ARE LONG TERM CREDIT.
-----------------------------------------------------------
REVOLVING CREDIT LIKE CREDIT CARDS, CREDIT LINES. THIS TYPE CAN BE TAKEN BY
CORPORATION AND INDIVIDUALS WITH AN AGREEMENT THAT GUARANTEES A MAXIMUM
AMOUNT THAT CAN BE LENT ALONG WITH THE COMMITMENT FEE AND INTEREST.
-----------------------------------------------------------knowledgefinancial.com
STEPS IN CREDIT SITUATION:
By law every US citizen has the right to obtain a free credit report once a year or if you
have been denied credit, you have the right to order a copy of your reports at no cost to you.

Based on the information you find there, you will need to decide how to best approach to
raising your scores as high as possible, fixing mistakes, correcting errors, removing
inaccurate information or even doing certain other actions. Without the report you won't
know what to do.
-----------------------------------knowledgefinancial.com
STEPS,
when you late on credit cards, call the creditors to negotiate payments.
Bad reports left on your accounts for more than 7 years can be and should be removed.
ALL THE CREDIT REPORTING AGENCIES.
-------------------------------------
STUDENT'S LOANS
As long as you're going to school as a full time student; you should not have bad report on
your accounts for student's loans.
If this is the case call to dispute and send a copy of your current schedule to the creditors.
----------------------------------
REMOVED & BACK IN REPORTS
When removing in dispute a bad report from your accounts; this can be back again in your
reports, if you reapply again immediately for credit with the same creditor.
The credit company can merge your old account with the new account.-
-------------------------------------
NEGOTIATING WITH CREDITORS AND COLLECTION AGENCIES.

BY LAW CREDITORS MUST BE ABLE TO PROVE THE ACCURACY OF WHAT YOU ARE
DISPUTING WITHIN 30 DAYS.

IF THEY DON'T, IT SIMPLY IS REMOVED FROM YOUR REPORTS.
-------------------------------
IF YOU HAVE EVIDENCE THAT SOMETHING IS WRONG, THEN SUBMIT THE EVIDENCE WITH
THE DISPUTE FORM AND THEY WILL HAVE TO REMOVE THE INACCURATE DATA WITHIN 30
DAYS OR PROVE THAT IT'S ACCURATE.
-------------------------------
IF YOU HAVE ANY ACCOUNTS IN COLLECTION OR THAT ARE VERY PAST DUE ON YOUR
CREDIT REPORT, IF THE COLLECTION AGENCY ALREADY HAD THE DEBT, THEN DEAL WITH
THEM AND DO NOT BOTHER CALLING THE ORIGINAL CREDITOR.
---------------------------------knowledgefinancial.com
INCREASE YOUR CREDIT SCORE
IF YOU HAVE A PARTNER/SPOUSE, RELATIVE, OR FRIEND WITH GREAT CREDIT HISTORY,
HAVE THEM ADD YOU TO THEIR CREDIT CARD.

THIS WORKS FINE, VERY WELL SINCE YOU WILL GET CREDIT FROM THEIR BILL
PAYMENTS, AND THIS WILL CREATE MORE POSITIVE CREDIT HISTORY FOR YOU.        
SAVE YOUR CREDIT, RESCUE IT, REPAIR IT, PROTECT IT. We have valuable
information to help you!

CREDIT -----knowledgefinancial.com
Your credit has to do with everything in life today. You get judged by your credit standing.
Your character, personality, your attitude, your sense of responsibility all that get measured by your credit.

CREDIT REPORT
Before you apply for a mortgage loan, if you think you may have credit problems, be prepared to discuss them honestly with a
mortgage professional who will assist you.
Knowledgeable mortgage professionals know there can be legitimate reasons for credit problems.

By now most people have heard of credit scoring, the most common score in AMERICA and also the most common terminology
is call FICO SCORE, this score was developed by FAIR, ISAAC & COMPANY for the three main credit bureaus.

EQUIFAX
PO BOX 740241
ATLANTA, GA 30374-0241
[PHONE] 800-685-1111
-------------------------------------
EXPERIAN [TRW]
PO BOX 949
ALLEN, TX 75013-0949
[PHONE] 800-EXPERIAN
------------------------------------------
TRANSUNION
PO BOX 390
SPRINGFIELD, PA 19064-0390
[PHONE] 800-888-4213
---------------------------------------------------
Your credit history, projecting the likelihood of meeting future payments and indicating your level of credit risk.
Higher scores indicate better credit risk. These scores not only may qualify you for a mortgage, but possible better interest
rates. = More saving for you.
---------------------------------------------------------
CREDIT SCORE is evaluating by :
PAYMENTS HISTORY.
... HAVE YOU PAID YOUR BILLS ON TIME?

CREDIT CARDS AND LOANS BALANCE....WHAT BALANCE DO YOU STILL OWE, HOW BIT IT IS?

CREDIT HISTORY.... WHAT CREDIT HAVE YOU MAINTAINED AND FOR HOW LONG?

CREDIT TYPES.... WHAT TYPE OF CREDIT HAVE YOU OBTAINED?
-------------------------------------------------------------
KNOWLEDGE FINANCIAL GROUP IS THERE TO HELP WITH GREATEST SUGGESTION.

DON'T REQUEST A SERIES OF CREDIT CHECKS IN A SHORT PERIOD OF TIME.

DON'T TAKE ON MORE CREDIT THAN YOU CAN CONSISTENTLY MANAGE.

DON'T MAX OUT " YOUR CREDIT CARDS".

DON'T SPEND BEYOND YOUR ABILITY TO PAY.

DON'T LEAVE ERRORS  IN YOUR CREDIT REPORT UNDISPUTED; ALWAYS REQUEST CORRECTIONS.

ELIMINATE DEBTS, DO NOT REARRANGE THEM.

CHECK YOUR CREDIT REPORT AT LEAST ONCE A YEAR.

-----------------------------------------------------------If you suspect that your personal information has been used wrongfully,
immediately: review your credit reports,

place a fraud alert on your accounts,

close any accounts opened or used fraudulently,

file a report with the police,

file a complaint with the FEDERAL TRADE COMMISSION,

AND DO NOT FORGET TO CONTACT ALL THREE CREDIT REPORTING AGENCIES.  
-------------------------------knowledgefinancial.com-
HOW TO PREVENT, DETER, & DETECT IDENTITY THEFT?
IF YOU NEED HELP TO SELL YOUR REAL ESTATE PROPERTY IN
SOUTH FLORIDA; PLEASE CALL ANTONY A PROFESSIONAL
REALTOR. AT: 786-631-7740 --- F. Int. Realty
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FREE-CREDIT REPORT: Get a Free Credit Report From all 3 Credit Bureaus

INSURANCE 101: THE IMPORTANCE OF INSURANCE IN SOMEONE'S LIFE.
5 INSURANCE POLICIES EVERYONE SHOULD HAVE,  AND 15 INSURANCE  
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Identity Theft: Consumer Reports' advice on steps you can take to protect your
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HOW TO GET PRE-QUALIFY FOR A HOME LOAN? 8
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CREDIT HELP: Use Your Credit Clout: Credit Laws
That are on Your Side; Understanding Your Debt
Collection Rights

CREDIT INFO: SAVE YOUR CREDIT, RESCUE IT,
PROTECT IT, INCREASE YOUR SCORE. WE HAVE
VALUABLE INFORMATION TO HELP YOU

CREDIT CARDS: The American Credit Cards are very
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CREDIT RATING: THE IMPORTANCE OF YOUR
CREDIT RATING! Credit Card Fraud: 21 Tips to
Protect Yourself. More about your credit Score.
Companies base your credit scores on five categories

ID-THEFT: HOW TO PROTECT AND DEFEND
YOURSELF AGAINST IDENTITY THEFT?    -----
DETER, DETECT AND DEFEND?

Credit & Loans: Credit Cards & Consumer Loans ...

WHAT DO YOU KNOW ABOUT IDENTITY THEFT?
Consumer Reports' advice on steps you can take to
protect your identity and what to do if you believe it's
already been compromised

Government's general information; Local, State, and
Federal.


TAX SAVING TIPS FOR INDIVIDUAL INVESTOR,
GREAT INFORMATION FOR ALL. Taxes The More
You Know, the Less You’ll Pay

Business structures 101
LLP, LLC, S-corp and C-corp: It's not just
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INVESTMENT: MAKE YOURSELF
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REAL
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STOCK MARKET: STOCK MARKET A WAY TO
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----------------------------------------------------------------------------------------------------------------

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FORECLOSURE SOLUTION! STOP IT NOW.
SAVE YOUR EQUITY, SAVE YOUR
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FORECLOSURE ALTERNATIVES:  TIPS TO
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About Buying HUD Homes?  What is a HUD
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SHORT SALE: REAL ESTATE INVESTMENT
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HOW TO BUY SHORT SALE PROPERTIES?
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CREATIVE FINANCING: TOP 10 CREATIVE
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The FICO 5: The Components that Make Up a FICO Credit Score--

Payment history and debt total are important parts but not the only factors.

In the land of credit scores, FICO is king. The bulk of banks in the United States use FICO scores to
decide whether to offer credit to potential borrowers and at what interest rate. FICO has a major global
presence, as well: According to the company's testimony before a House Financial Services
Committee, FICO scores are used in about 10 billion decisions worldwide each
year.------knowledgefinancial.com

1. Payment History: 35 Percent of the Total Credit Score

Based on a borrower's payment history, making the repayment of past debt the most important factor
in calculating credit scores. According to FICO, past long-term behavior is used to forecast future
long-term behavior.

FICO keeps an eye on both revolving loans -- like credit cards -- and installment loans, such as
mortgages or student loans. Although the weight of each loan varies between individuals, FICO
indicates that defaulting on a larger installment loan like a mortgage will damage a credit score more
severely than defaulting on a smaller revolving loan. One of the best ways for borrowers to improve
their credit score as a whole is by making consistent, timely payments.


2. Debt Amounts -- 30 Percent ------knowledgefinancial.com

Based on a borrower's total outstanding debt. Revolving lines of credit, which allow a consumer to
borrow as much or as little as desired up to a limit (versus installment loans where a set amount --
say, $20,000 plus interest for a car -- is determined at the outset), are more heavily weighted. Credit
cards are a type of revolving account.

Since FICO views borrowers who habitually max out credit cards -- or who get very close to their credit
limits -- as people who cannot handle debt responsibly, a borrower should maintain low credit card
balances. Experts recommend that the amount owed should not exceed 30 percent of the individual's
credit limits. That 30 percent rule of thumb applies to each individual credit card as well as the overall
level of debt.

The final components of a FICO credit score get less weight in the score's calculation. "The remaining
one-third of your score is determined by how long you have managed credit, to what degree you have
pursued new credit recently and the variety of credit types you have successfully handled," Watts says.
--------knowledgefinancial.com

3. Length of Credit History -- 15 Percent

Based on the length of time each account has been open and the length of time since the account's
most recent action.-------knowledgefinancial.com

As a result, it is impossible for a person who is new to credit to have a perfect credit score. A longer
credit history provides more information and offers a better picture of long-term financial behavior.
Therefore, to improve their credit scores, individuals without a history should begin using credit, and
those with credit should maintain longstanding accounts.

4 and 5. New Credit and Credit Mix -- Each Comprise 10 Percent

Borrowers, even those new to credit, should avoid opening too many credit lines at the same time,
since such behavior could suggest they are in financial trouble and need significant access to lots of
credit. FICO suggests that borrowers only take on additional credit when they must have it or when it
makes sense financially.

Credit mix, meanwhile, is somewhat of a vague category, but experts say that repaying a variety of debt
indicates the borrower can handle all sorts of credit. According to FICO, historical data indicates that
borrowers with a good mix of revolving credit and installment loans generally represent less risk for
lenders. ----knowledgefinancial.com

Knowing the various weights given to components of a FICO credit score give borrowers a better idea
where to focus their attention. "So to get a good score you mostly need a credit history with no reported
late payments, as well as low reported balances currently on any credit cards," Watts says.
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