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Credit Repair Advice for do it yourself credit repair:      
You can get a free credit report from which allows you a free credit report each year for all three bureaus per person. Do not put any credit card info in or you did it wrong. The free credit report you get won't have credit scores. You can get a credit report with scores for a fee. Once you get a free report, you then write a letter to dispute each incorrect reporting to each of all three bureau's to get it corrected within 30 days. Once you get the corrected reports about 30 days later you can then go to each bureau with a number which they provide you to check if it has changed the report to reflect the correction. If you need any help in doing this, don't hesitate to call us at any time... 
- EFFECTIVE 8-15-2013 -
When executing a settlement, first thing you need to do if at all possible is to tape record all conversations with the creditors or collection agencies. Many times consumers have done settlements and a collector will come back and state that they still owe them money and deny that they ever offered you a settlement, and you have no proof that you were offered a settlement therefore you have no recourse. Recording is very important.

When asking for a settlement always pick an odd amount like 52% or 63%, so that the settlement requested looks like you actually figured out what your debt is and how much you have to settle with. Don’t tell the creditor or collection agency you are getting a loan to obtain the funds because if you do the creditor or collector will want to know the loan officer’s name and bank they work for and may find out you have more money than you stated, this could cause a big problem. Simply state “I am trying to settle my debts to avoid bankruptcy, I don’t have any money but I am getting a loan from a family member, and their funds are limited as well. I am trying to settle this debt to the best of my financial resources.”

Once an agreement for settlement has been reached you must ask for a letter stating that this settlement will satisfy the account and no more money is owed. Ask for 7 days to get the funds to them, and ask for that to be included in the letter. Once this letter is received call back the following day and ask for the western union address and wire the money to them so that it is there immediately, because sometimes a collection agency will hold on to your check until the 8th day and state you missed the deadline then come after you for the rest of the balance.

Note: Creditors will not settle on current accounts because they are getting paid. However, this does not mean to let your accounts go delinquent in order to get a settlement. Remember each delinquency is 35 points or more off your credit score.


Fico Scores...

Credit bureau scores are often called "FICO scores" because most credit bureau scores used in the US are produced from software developed by Fair, Isaac and Company. FICO scores are provided to lenders by the three major credit reporting agencies: Equifax, Experian and TransUnion. The credit score is a number, based on an analysis of information contained in a credit report, which provides an indication of how likely a person is to repay his or her debts. The number itself can range from 300 to 900.

FICO scores provide the best guide to future risk based solely on credit report data. The higher the score, the lower the risk.

What is the score based on?

35% of the score is based on your payment history. The score is affected by how many bills have been paid late, how many were sent out for collection, bankruptcies, etc. When these things happened can also affect your score. The more recent, the worse it will be for your score.

30% of the score is based on outstanding debt. How much you owe on car loans, home loans, etc. How many credit cards do you have and how many of them are at their credit limit. The more cards you have at their limits, the lower your score will be.

15% of the score is based on the length of time you've had credit. The longer you had established credit, the better it is for your score.

10% of the score is based on the number of inquiries on your report. If you've applied for a lot of loans or credit cards, you will have a lot of inquiries on your report. These are bad for your score because these indicate that you may be in some kind of financial trouble. The more recent the inquiry, the worse it is for your score.

10% of the score is based on the types of credit you have. The number of loans and available credit from credit cards makes a difference.

Tips of Successful Credit Repair once you start the process, DO NOT:

• Do not pull or have any potential creditor pull your credit report until 3-5 weeks after you receive your credit responses.
• Do not pay anything late. 1 late payment will cost you approximately 35 points off of your credit score.
• Do not close any accounts unless there is a zero balance. (A closed account with a balance could cost you 45 points off of your credit score.)
• Do not share the letters meant for you with another individual. (This could result in a lawsuit from the creditor to whomever you shared the letter with).
• Do not go out and purchase anything on credit during the dispute process. (This could keep you from getting your loan, because your debt to income ratio will change.)
• Do not get any new collection accounts.
• Do not take any credit card balances above 50% of the limit

Print the borrower cert. auth. form, fill it out and attach in upload section of the form below or fax to 760-400-3038.


Borrower Certification Authorization Form

Sheryl Arndt, Broker/Loan Officer NMLS# 297251 is providing home loans and Real Estate Associates for: Los Angeles County, Agoura Hills, Alhambra, Arcadia, Artesia, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Bradbury, Burbank, Calabasas, Carson, Cerritos, Claremont, Commerce, Compton, Covina, Cudahy, Culver City, Diamond Bar, Downey, Duarte, El Monte, El Segundo, Gardena, Glendale, Glendora, Hawaiian Gardens, Hawthorne, Hermosa Beach, Hidden Hills, Huntington Park, Industry, Inglewood, Irwindale, La Canada-Flintridge, La Habra Heights, La Mirada, La Puente, La Verne, Lakewood, Lancaster, Lawndale, Lomita, Long Beach, Los Angeles, Lynwood, Malibu, Manhattan Beach, Maywood, Monrovia, Montebello, Monterey Park, Norwalk, Palmdale, Palos Verdes Estates, Paramount, Pasadena, Pico Rivera, Pomona, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, Rosemead, San Dimas, San Fernando, San Gabriel, San Marino, Santa Clarita, Santa Fe Springs, Santa Monica, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Temple City, Torrance, Vernon, Walnut, West Covina, West Hollywood, Westlake Village, Whittier, Madera County, Chowchilla, Madera, Marin County, Belvedere, Corte Madera, Fairfax, Larkspur, Mill Valley, Novato, Ross, San Anselmo, San Rafael, Sausalito, Tiburon, Mariposa County, Mendocino County, Fort Bragg, Point Arena, Ukiah, Willits, Merced County, Atwater, Dos Palos, Gustine, Livingston, Los Banos, Merced, Modoc County, Alturas, Mono County, Mammoth Lakes, Monterey County, Carmel, Del Rey Oaks, Gonzales, Greenfield, King City, Marina, Monterey, Pacific Grove, Salinas, Sand City, Seaside, Soledad, Napa County, American Canyon, Calistoga, Napa, St. Helena, Yountville, Nevada County, Grass Valley, Nevada City, Truckee, Orange County, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, La Habra, La Palma, Laguna Beach, Laguna Hills, Laguna Niguel, Lake Forest, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin , Villa Park, Westminster, Yorba Linda, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Plumas County, Portola, San Bernardino County, Adelanto, Apple Valley, Barstow, Big Bear Lake, Chino, Chino Hills, Colton, Fontana, Grand Terrace, Hesperia, Highland, Loma Linda, Montclair, Needles, Ontario, Rancho Cucamonga, Redlands, Rialto, San Bernardino, Twentynine Palms, Upland, Victorville, Yucaipa, Yucca Valley, Riverside County, Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Coachella, Corona, Desert Hot Springs, Hemet, Indian Wells, Indio, La Quinta, Lake Elsinore, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Placer County, Auburn, Colfax, Lincoln, Loomis, Rocklin, Roseville, Sacramento County, Folsom, Galt, Isleton, Sacramento, San Benito County, Hollister, San Juan Bautista, San Diego County, Carlsbad, Chula Vista, Coronado, Del Mar, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Oceanside, Poway. San Diego, San Marcos, Santee, Solana Beach, Vista, San Francisco County, San Francisco, San Joaquin County, Escalon, Lathrop, Lodi, Manteca, Ripon, Stockton, Tracy, San Luis Obispo County, Arroyo Grande, Atascadero, Grover Beach, Morro Bay, Paso Robles, Pismo Beach, San Luis Obispo, San Mateo County, Atherton, Belmont, Brisbane, Burlingame, Colma, Daly City, East Palo Alto, Foster City, Half Moon Bay, Hillsborough, Menlo Park, Millbrae, Pacifica, Portola Valley, Redwood City, San Bruno, San Carlos, San Mateo, South San Francisco, Woodside, Santa Barbara County, Buellton, Carpinteria, Guadalupe, Lompoc, Santa Barbara, Santa Maria, Solvang, Santa Clara County, Campbell, Cupertino, Gilroy, Los Altos, Los Altos Hills, Los Gatos, Milpitas, Monte Sereno, Morgan Hill, Mountain View, Palo Alto, San Jose, Santa Clara, Saratoga, Sunnyvale, Santa Cruz County, Capitola, Santa Cruz, Scotts Valley, Watsonville, Shasta County, Anderson, Redding, Shasta Lake, Sierra County, Loyalton, Siskiyou County, Dorris, Dunsmuir, Etna, Fort Jones, Montague, Mount Shasta, Tulelake, Weed, Yreka, Solano County, Benicia, Dixon, Fairfield, Rio Vista, Suisun City, Vacaville, Vallejo, Sonoma County, Cloverdale, Cotati, Healdsburg, Petaluma, Rohnert Park, Santa Rosa, Sebastopol, Sonoma, Windsor , Stanislaus County, Ceres, Hughson, Modesto, Newman, Oakdale, Patterson, Riverbank, Turlock, Waterford, Sutter County, Live Oak, Yuba City, Tehama County, Corning, Red Bluff, Tehama, Trinity County, Tulare County, Dinuba, Exeter, Farmersville, Lindsay, Porterville, Tulare County, Tulare, Visalia, Woodlake, Tuolumne County, Sonora, Ventura County, Camarillo, Fillmore, Moorpark, Ojai, Oxnard, Port Hueneme, Santa Paula, Simi Valley, Thousand Oaks, Ventura, Yolo County, Davis, West Sacramento, Winters, Woodland, Yuba County, Marysville, Wheatland, Alameda County, Alameda, Albany, Berkeley, Dublin, Emeryville, Fremont, Hayward, Livermore, Newark, Oakland, Piedmont, Pleasanton, San Leandro, Union City, Alpine County, Amador County, Amador City, Ione, Jackson, Plymouth, Sutter Creek, Butte County, Chico, Gridley, Oroville, Paradise, Calaveras County, Angels Camp, Valley Springs, Colusa County, Colusa, Williams, Contra Costa County, Antioch, Brentwood, Clayton, Concord, Danville, El Cerrito, Hercules, Lafayette, Martinez, Moraga, Orinda, Pinole, Pittsburg, Pleasant Hill, Richmond, San Pablo, San Ramon, Walnut Creek, Del Norte County, Crescent City, El Dorado County, Placerville, South Lake Tahoe, Fresno County, Clovis, Coalinga, Firebaugh, Fowler, Fresno, Huron, Kerman, Kingsburg, Mendota, Orange Cove, Parlier, Reedley, San Joaquin, Sanger, Selma, Glenn County, Orland, Willows, Humboldt County, Arcata, Blue Lake, Eureka, Ferndale, Fortuna, Rio Dell, Trinidad, Imperial County, Brawley, Calexico, Calipatria, El Centro, Holtville, Westmorland, Inyo County, Bishop, Kern County, Arvin, Bakersfield, California City, Delano, Kern County, Maricopa, McFarland, Ridgecrest, Shafter, Taft, Tehachapi, Wasco, Kings County, Avenal, Corcoran, Hanford, Lemoore, Lake County, Clearlake, Lakeport, Lassen County, Susanville,