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The Art of Writing Dispute Credit Letters

Many power users of credit have black marks in their history. When they show up, you need to know how to knock them off your credit report. Therefore, learning how to write a dispute credit letter is essential to repairing your credit.

You need to know exactly who to contact, how to frame your argument and what credit report errors are more important than others. Identity theft is very common and it is vital that you jump into action at the first sign that someone may have stolen your info. With those types of errors on your credit report, you are going to writing plenty of dispute credit letters. That is exactly what this post is for.

Know How Mistakes Happen

Furnisher Error

The banks, loan institutions and collection agencies that are considered “data furnishers” for credit reports are all staffed by human beings. Which is to say, they are not perfect. Errors made by data furnishers, such as attributing a missed payment to your report that was in fact missed by someone else, actually do happen.

Mixed files

Someone with the same name or a similar name may have their credit actions show up on your report. Be on the lookout for those types of screw-ups

Identity Theft

If someone has stolen your Social Security number and opened up a credit card in your name or applied for a loan, that could end up on your report. You need to know how to craft dispute credit letters in order to combat ID theft.

Old Debts Popping Up

Collection notices are supposed to age off of your report seven years and 180 days after first being noted as delinquent. However, sometimes those debts can change hands to third-party agents, which can muck up the start date of collection notices. Keep a sharp eye out for debts that should be off your report by the letter of the law.

Writing Dispute Credit Letters

There are a few hard & fast rules you want to follow:

Be clear and direct. Know exactly what you want to dispute and how you are going to go about it, before you even start writing. Spell out exactly what is inaccurate about the mistake on your credit report, so the credit bureau you are contacting has the right info. Provide a fix for the mistake.

Don’t start spouting off about federal statutes. The credit bureaus know the laws backwards and forwards. Just stating that you want to initiate a dispute is enough.

Be sure to include your return address. You need the bureaus to send their response to the correct place so you can respond in kind.

Send it by certified mail. Dispute credit letters need have documentation that they reached the right place at the right time.

Provide copies of documents that support your claim. Do Not Send Originals! They can get lost easily.

Be Wary of Credit Repair Companies

Especially ones that claim a guaranteed 100-point rise in your credit score. No company can make claims like that happen and such claims are illegal. Most typical errors can be fixed by writing dispute credit letters, filled with the correct information and making your care politely and concisely.

Utilizing a credit repair company may be necessary if there are errors or items on your credit report that require an additional dash of expertise and experience. Large, complicated identity theft cases, perhaps or a messy divorce settlement.

The bottom line is, learning how to write dispute credit letters is important for the health of your credit report and the fullness of your bank account. It is a very important skill to learn.


Advantages of Forex Signals at XFR Financial Ltd

It takes hard work to make money Forex trading. There is a high degree of vigilance required in order to capture the moves of the market and make the best trade option. Those who take the time to sit in front of computer screens can make a good profit but those who do not have enough time to do so can face issues. Identifying the profit making opportunities is very crucial at XFR Financial Ltd and that is what makes a big difference in trading. The best solution to this are trading signals at XTrade or with other broker like iForex, XTrade or FXCM.

How Forex signals work – XFR Financial Ltd explains

The signals, as explained by XFR Financial Ltd, are buy and sell indicators which are automatic alerts for good entry and exit points at the most appropriate time. These signals are provided by the Forex signals providers who are there to monitor the market all the time and send signals at the most appropriate time for the traders. The signals are sent to different mediums like cell phones, computers, pagers, etc. and the traders can focus on other things without worrying they will miss important trade opportunities at XFR Financial Ltd. Through Forex signals you can stay updated to the latest Forex signals and thus it is a great tool for the Forex traders all around the world.

Technical Indicators used by the Forex signals

Forex signals use several indicators for identifying the market trends and with these indicators a service provider of the signals easily recognizes what are the entry and exit points. All the information is then sent to the trader at FXCM or at any other broke where he has an account at. So, he will be able to take the decision immediately on the basis of the signals. A number of technical indicators are there which are used for generating the signals and here are some of them.

  • Simple moving averages– SMA is derived from the Forex chart directly. The Buy signals are generated when the currency price moves above the SMA Line and Sell signals are generated when it goes below.
  • Bollinger bands- Bollinger bands reflect the changes in the trends of the markets. When the band tightens it means that quick changes are there in the currency prices.

It has to be noted that the signals are very useful for traders who trade at XTrade and if the services is taken from a good signal provider, any trader can take the best advantage of them. It is possible to make profitable trades using the signals provided by the services. Whether you are trading with XFR Financial Ltd or any other company like iForex, you have to take the services of a good Forex Signals on which you can rely on the signal services.


5 Personal Budget Tips For Those Who Have Poor Credit

When you have bad credit, it can feel like you’re doomed to a life of financial failure. Guess what: you aren’t! Bad credit is absolutely something from which you can recover. It might take some time and it will definitely take hard work, but it is absolutely doable. You just have to put together a budget and stick to it. Here are some tips to help you do that:


If you have bills that are past due and you need help paying them regularly, it might be helpful to take out a loan. Your bad credit might keep you from taking out a bank loan, but there are financial companies out there, like Crest Financial and others, that specialize in short term loans for people whose credit is less than stellar.

If you do decide to consult with, make sure that you do not borrow more than you can afford. Bad credit loans tend to have very high interest rates and you don’t want to wind up paying back more than necessary.

The Envelope Method

If you aren’t used to following a budget or have a difficult time keeping track of your income and savings, using the “envelope method” can help you develop those habits. The envelope method is very simple: you create an envelope for every bill or expense listed in your budget. This includes creating envelopes for budget items like “groceries,” “fun money,” etc. Portion out your paychecks and income according to how much you’ve listed on your budget. Then pay bills directly from those envelopes. When there’s no money left in the envelope, you can’t buy anything else in that category. The easiest way to do this is with cash but there are digital apps that can help you here too.

Create Your Own Numbers

Everybody knows that they need to pay more than the minimum amount due on their bills if they want to actually pay off their debts. But how much more is enough? Even $10-$15 more is good but, if you really want to pay down your debts quickly and fix your history of bad credit, you need to offset whatever interest is charged to your accounts. Look at your monthly bill. Add together the minimum amount due, how much you’ve been charged in interest and then add another 10% onto that amount. You’ll be amazed at how much faster your debt shrinks when you use this method.

Bringing in Extra Income/Reducing Your Expenditures

It’s vital that you pay your bills on time every single month. This, more than anything else, is what will help you fix your bad credit history and raise your credit score. If you aren’t earning enough through your current job, you’ll want to find a couple of ways to bring in some extra cash while you also work hard to reduce what you spend. Driving for Uber, for example, can bring in extra money in your “spare” time and using Groupons can help reduce what you spend. There are many different approaches you can take here. Start exploring and choose the methods that work best for you and your family.

Buy Nothing

Check around your local area to see if you can find the things you need for free. You’re probably already great at shopping on Craigslist, but what about checking out your local Buy Nothing group? A quick search will turn up plenty of groups that are dedicated to helping their members get the supplies they need for as little money as possible. Take advantage of these groups so that you’ll have more money to allot toward your bills.

These are just five of the methods you can use to make creating and sticking to a budget much easier on yourself and your family. Over time, as you stick to this budget your credit score will go up and you reduce your risk of finding yourself in this same predicament in the future.



To Borrow or Not to Borrow: When Does Applying for a Loan Makes Sense?

Though it would be nice to always have money to cover the unexpected events in life, it’s not that easy. There may come a time in your life when you just don’t have the money. An unexpected bill, a loss of income, or even an emergency repair could put your budget out of whack for months. Naturally, when you don’t have the funds you need, you ask for a loan. Though loans can get you over the hump, they do have to be repaid, which is why making the decision to borrow should not be taken lightly.

Borrowing funds from a lending provider can get you out of a jam when you have no other way out. However, many people end up in serious debt. They either take out more than they need, don’t repay the loan timely, or didn’t evaluate the matter to determine if they needed a loan in the first place. To prevent this from happening to you, here are circumstances in which taking out a loan is a good idea and when it’s not:

When Taking Out a Loan Makes Sense

A bill being more than expected – Instead of the average $200 for gas and electric you have to pay $300. You won’t have the money until payday, but to avoid late fees and other charges you need to pay the bill in the next day or so. In this instance, taking out a loan makes sense. It allows you to avoid the penalties that would be implied by the service provider. Also, because you’re able to repay it around your next pay cycle, you won’t accrue too much interest on the loan.

An unexpected emergency – Your car breaks down and you have no other means of transportation. You take it to the shop only to find that the repair is going to cost you $500. In this instance, taking out a loan might be your best bet. You can apply for a short term loan for $500 and pay on the balance over the next 14-30 days. This way you have about a month before you accrue too much interest but you still have your car to get where you need to be.

In this instance, it might also be beneficial to learn how to keep your car well maintained, such as these tips offered on the MaxLend Loans Twitter page. Doing so will minimize the chances of you needing a loan in the first place.

Let’s face it, there are times your bills are so costly you don’t have a cent left to your name. If you need extra cash to hold you over until your next pay, then this might suffice taking out a loan.

When Taking Out a Loan is Not Ideal

Now that you know when it is beneficial, let’s talk about instances in which taking out a loan is not a good option.

You’re in over your head – If you already have hundreds of dollars in debt, there is no reason to add a loan to the top of it. No matter how small the loan is, if you can’t afford to repay it right away, this will add to your frustration.

You can’t pay it back timely – Taking out a loan and agreeing to terms knowing that you can’t afford to repay is not ideal. The longer it takes you to repay a loan, the more of a financial burden it becomes for you.

You have other loans out – If you already have a financial obligation to another financial institution, adding another payment can cause more of a burden.

Do Your Homework

If you’ve decided that it is in your best interest to take out the loan, make sure that you do your homework. Not all loan companies are created equally and you want to do business with a reliable, reputable provider. Checking out the company website is one way to conduct research. The best information is often found on social media platforms, such as on this Max Lend LinkedIn profile. There you can review information about the company and also see how many others have used this service provider in the past.

When you need financial assistance, the most common solution would be to borrow the funds and repay them later. Though loans can be great tools for helping you when you’re in a jam, you really need to think it through before applying. Taking out a loan unnecessarily or without a proper plan of repayment in place could lead to increased debt, which is the starting point of a financial disaster. However, with a proper plan, taking out a loan could hold you over when you simply don’t have the means to do it yourself.



Retiring In Style

The world is an ever-changing place. In recent years, the economy has fallen and risen like a rogue wave. It cannot be trusted, rather like a playa. One minute it’s there for you, the next it just isn’t around. All your phone calls aren’t going to change that. When you’re working, you don’t need any of that bad karma affecting you later in life. One day you are going to realise that you are just too grey to function right. At this point you’re going to have to kick your heels up and relax. If you don’t get a retirement plan, you’re probably going to end up a dirty hippie. You don’t want that…unless you do. I know I didn’t. Here’s what I did to make sure when I got out I would be balling.

How You Can Make Your Future Safe

If you are one of those people who wants to be able to get out of work someday, buy a yacht and go sailing on the high seas, you need to see this (pun intended). What many people lack is the drive to actually make plans. Like, you could WANT to go parasailing after retirement, but there is huge possibility that you simply won’t start planning for it. If you want to have enough money to live out your golden years in style when you finally retire, you need a retirement plan!

Decide what you want to do. Think long and hard about what you want to do with your life. Also, think about your career right now. Do you see yourself going anywhere in the current line of work? Maybe you’re quite happy just the way you are right now. That’s cool. Just think about how you want to live out your retirement.

Get a retirement fund. This is pretty basic thinking. If you need money for retirement, you need an account that saves you money for it. This is usually called an Individual retirement Account or IRA for short. You can open one of these at almost any bank. Before you do though:

Think about security. The security of your IRA is very important. What if the market should go tits-up, as the expression goes? You’d be up a creek without a paddle. The only problem? You’d also be too wrinkly to dive out and swim for safety. What you need to do is secure your IRA money with physical assets. You could open a gold IRA. This would mean converting your IRA money into real gold! That’s pretty cool, right?

Have an IRA? No problem-o. You can simply do a gold IRA rollover. This means moving out all your retirement money from your current IRA into your new IRA, which can then be converted into gold. This is perfectly legitimate and is done by a lot of people.

Once you have a retirement account sorted out, (and with the gold feature no less) all you have to do is finalize just what percentage of your salary is credited to it every month. You can decide this based on what you want to do! Good luck, and stay golden.