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Home » Business And Finance Articles » Its Your Credit What Are You Going To Do To Protect It

It's Your Credit. What Are You Going To Do To Protect It?

For anyone who has, has had and wants to avoid being had, this series of articles reflects years of continuing research. I'll discuss the worse that can ever happen to people thrown into credit situations - whether through their own doing or as victims and how they were able to come of them in one piece. These article are based on facts as I read and understood them.

A credit report is a history of your bill payments record. These can be bills such as home loans and mortgages, revolving credit and even cell phones. There are three credit-reporting agencies that are commonly referred to as credit repositories. Each uses a different type of symbol. When looking at your credit report, be aware of the very first page. This will most often contain the explanation of the symbols that are used by that company. There are various symbols that are utilized to identify payment histoy, types of accounts and whether or not the account is individual, joint or involves a cosigner.

Credit reporting agencies are NOT part of the U.S. Government. They are privately owned companies that get paid to sell information about you to your creditors. They get paid for good and bad information. You are NOT their customer. You do not purchase any goods or services from the Credit Reporting Agencies.

They do not care whether your credit is perfect or poor. They receive their money from the creditors in the form of charges and memberships. Why should a credit reporting agency care about you? You are only a consumer of goods or services.

In fact, Experian, which is one of the three large Credit Reporting Agencies is owned by a British conglomerate. Think about that. Why would a foreign company own a credit reporting agency in the United States? The answer is simply for the profit. Those are the facts.

Remember, most credit reports identify the consumer (you) by your name and your credit entries by the name, account number and the date that the account was opened. Being able to identify information that is not accurate can help you to raise your credit scores. One of the single most important parts of the following articles is your ability to identify on your credit report your legal right to know WHEN an account is first delinquent.

In a future article I'll devote an entire paragraph that further explains this portion of the law.

And here is another random article you might be interested in...

Real Estate Investing -- Motivated Buyer?

What's the first image that comes to mind when you hear the term -- motivated seller?

You probably think of someone who is desperate to sell his property, as quickly as possible, for well below the market price - right?

Well, sometimes that's true but often it's not.

There are many reasons, other than desperation, that motivate people to put their property on the market.

Maybe needed repairs are too costly for the property owner or perhaps the owner is relocating to a different area. Maybe the owner, for various reasons, is trying to avoid the pressure of waiting to the last minute to sell his property so time isn't always a consideration.

Whatever the reason a motivated seller puts his property on the market, the opportunity to make a better than average deal is greatly increased and that means more profit for you.

It's important to remember however, no matter how motivated a seller is, nobody wants to give away the farm (so to speak). A house represents a great deal of money and there will be limitations on how far a seller is willing to go to sell his property.

Enter the motivated buyer!

A motivated buyer is, first and foremost, a salesman and his product is himself. A seller needs to know that he's dealing with someone who is knowledgeable, that has a creative solution to his Real Estate problem and, more importantly, that he's dealing with someone that can be trusted (and, of course, you can be trusted).

Creating an emotional connection with the seller will get you through the front door far easier than spouting off a flood of meaningless facts and figures. He's really not interested that you know 50 different ways to buy a house. He's interested in you as a reliable Real Estate expert and how you can satisfy HIS needs right now.

Makes sense, right?

A motivated seller doesn't need to seek out buyers. If a seller is willing to offer his property at a better than market value price, buyers will find him. What he does need to know is that he's dealing with a Real Estate professional -- someone he can trust, someone who understands his position and someone who will make him an attractive and fair offer.

Your greatest assets as a motivated buyer are to be able to understand the seller's needs, have viable and yet profitable solutions to his needs and to have the ability to instill the seller's trust in you as a Real Estate expert -- a win, win situation.

Happy Real Estate Investing from http://www.thelearntocenter.com