Debt Relief Help Center https://debtreliefaz.com Reclaim Your Life Thu, 31 Mar 2022 00:49:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.4 https://i0.wp.com/debtreliefaz.com/wp-content/uploads/2022/02/cropped-DRHC-hand-beveled-.png?fit=32%2C32&ssl=1 Debt Relief Help Center https://debtreliefaz.com 32 32 196375215 Payday Loan Relief https://debtreliefaz.com/payday-loan-relief/ https://debtreliefaz.com/payday-loan-relief/#respond Tue, 29 Mar 2022 20:02:55 +0000 https://debtreliefaz.com/?p=1914

Save Money

Reduce Collection Calls

Get Out From Under High Interest

Payday Loans and Cash Advances are heavy financial burdens to millions of Americans. We can help! 

These Are Bad Loans!

 

  • The payday loan industry brings in about $50 billion a year.
  • The interest on these types of loans is criminal. The lowest interest rates start at around 196% but are close to 400% on average. We’ve seen them as high as 799.99% with online only lenders.
  • Odd as it may sound, consumers often get stuck in a vicious cycle of taking out more loans to pay off old ones, mostly due to pressure from the lenders.
  • Half of all consumers who borrow from these lenders end up taking out six of these costly loans per year.
  • These types of lenders prey on low-income populations. Storefront lenders congregate in areas with higher levels of poverty. It seems as if they’re on every corner. They take advantage of desperate people, lending a small amount of money and raking in 3x the amount or more.

How We Can Help

Debt Relief Help Center has helped thousands of clients resolve these predatory loans, lower their monthly payment, eliminate interest, and save up to 60% of their total debt amount. Schedule a free consultation with one of our Senior Debt Specialists today! 

Schedule Appointment
]]> https://debtreliefaz.com/payday-loan-relief/feed/ 0 1914 Understanding Your Credit Report https://debtreliefaz.com/understanding-your-credit-report/ https://debtreliefaz.com/understanding-your-credit-report/#respond Thu, 17 Mar 2022 20:31:17 +0000 https://debtreliefaz.com/?p=1604

Understanding your credit doesn’t have to be complicated. Let us help you break it down!

Knowing exactly what is on your credit report, and understanding how it impacts YOU, is key to building a solid financial future. Credit reports are also an important part of protecting your identity. 

Banks, insurance companies, and employers use your credit report to determine if you are a financially responsible individual. They use your reports to decide whether or not to offer you credit and what the terms of that offer will be (i.e. interest rates). You may also be denied credit or employment if there is inaccurate or fraudulent information on your reports. 

The Federal Trade Commission has prepared A summary of Your Rights Under the Fair Credit Reporting Act. You can also find more information on the FTC website www.FTC.gov/credit

Our Credit Specialists will help you read and understand what is reporting to your credit, help you identify inaccurate information, and tailor a plan to get you back on track to having good credit!

The five main factors that determine you score:

  • Number of accounts
  • Different types of accounts
  • Credit Utilization
  • Length of History
  • Payment History

You may have noticed that your score differs between each credit reporting agency. This is because not all furnishers (lenders, collection companies, etc.) report to all of the bureaus. Most lenders report to all three of the major bureaus but some may only report to one or two.

SEE MY SCORE NOW

There are many factors that go into a credit score and different models are used throughout the industry. Here is a general breakdown:

  • Payment history: 35% – This includes information on positive payment history as well as any late payments, collection accounts, bankruptcies, etc.
  • Credit Utilization: 30% – This shows how much total credit you have versus how much you’ve used and what your current balances are.
  • Types of credit: 15% – This part of the score refers to different types of accounts. Lenders want to know you can handle a variety of accounts such as revolving (credit cards) or installment loans (auto, mortgage, etc.) It is important to have a good mix of account types.
  • New credit (inquiries): 10-12% – This section refers to the new accounts you’ve opened, or have tried to open, compared to what is actually showing on your report. Hard inquiries give lenders and idea of what you’ve recently applied for, which helps them further determine if you are a risk.
  • Length of history: 5-7% – This is simply determined by the age of your accounts. Lenders want to know you can handle credit responsibly over extended periods of time.

Banks, credit card companies and insurers look at your scores to determine if you are a financial risk. Some employers will even decide your eligibility for employment based on your credit.

You, the consumer, are put into a category based on your score and this will decide how much interest you will pay on any type of loan, how much credit you will be offered, even how much you’ll pay for insurance.

SEE MY SCORE NOW
]]> https://debtreliefaz.com/understanding-your-credit-report/feed/ 0 1604 Courses https://debtreliefaz.com/courses/ Wed, 11 Aug 2021 21:42:52 +0000 https://debtreliefaz.com/?p=367

Course Description

If removing negative marks from your credit report to raise your credit score is your goal, you have come to the right page. Each of the follow courses are designed to give you step-by-step instructions on how to remove negative items from your report. Inside you will find easy to follow lessons. Each course is jam packed with everything you need to know as well as templated letters for each step. Give us a call if you have questions or need help along the way and one of our advisors will be happy to help you out!

Course Syllabus

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