Monday, December 15, 2008

Fix your Cruddy Credit Scores

Let’s face it, one of the most challenging parts about starting and running a small business is money. I should probably put that differently and say finding the money to start and run your small business. As with all Entrepreneurs who started from scratch, I too made somthin’ out-o-nothin’ and had to figure out how to get it to cash-flow. I also had to wrack my brain to come up with creative financial solutions in order to pay the bills and make sure I (actually my family) could eat in the meantime.

Since I don’t have a Sugar Mama, a Rich Uncle or an inheritance burning a hole in my pocket I was left with my 401K, HELOC (home equity line of credit), credit cards, and high interest PE (private equity) .

(Editorial comment, we’re beyond all that now, Sweet!)

For those of you uninitiated readers who have never (or not yet) ventured down the entrepreneurial path, prepare yourselves because this is what it take. If you want to win big, you have to risk big. It’s the name of the game. Anyone who tells you otherwise is lying to you (ala all of those purveyors of the get-rich-quick...)! Simply put, you get out what you put in. That’s all there is to it.

I know as well as anyone that it’s easy to let bills slip and get behind or off track with your payments to a point where you are getting calls from creditors and your credit rating is being negatively affected. This begins a vicious cycle that deteriorates very quickly into financial chaos if not properly addressed. The first and best piece of advice that I can give anyone who is facing this predicament is to communicate with your creditors. Don’t blow them off. They don’t like it anymore than you do. Besides, you owe them the money and the debt you have with them is your legal obligation.

That said, and I can’t say this conclusively, most creditors are interested in working with you to resolve your debt through some payment plan. There are about a gazillion different organizations out there willing to settle your debt with creditors “FOR PENNIES ON THE DOLLAR…” yada, yada, yada. Proceed with caution! Frankly, you may not even need them unless you are facing severe circumstances beyond your control.

But that’s not what this post is really about. What I really want to share with you is how to clean up your credit score after it has taken a hit due to the afore mentioned scenario. eCreditAttorney is the only organization that you need to consult with to correct your low credit scores. These guys really work! I know. Read the testimonials page to get the gist of the type of improvements that they have achieved. I can say with conviction that they are every bit as good as what you see in the testimonials on their site. Just click on the banner below.

The 3 credit bureaus, Trans Union, Equifax and Experian report your credit how they receive it from your creditors and it will remain uncontested, whether right or wrong, until you do something about it. There are laws that govern how your credit is reported. The information has to be substantiated and they (credit bureaus) must be able to prove that the information is correct and accurate. As eCreditAttorney puts it, “As the need for proper legal enforcement of credit rights has increased the eCreditAttorney team has emerged as a destination for consumers all over the country to pursue financial freedom.”

One final note: This process takes time. Just like so many other things in life that are “worth-it, ” it takes hard work, mostly on their part. So, if you are in this predicament (below average or low credit scores) I suggest that you spend the very reasonable fee and get them working for you immediately!