Credit Repair

What is Credit Repair?

In the last 10 years, credit repair has become a necessary process for keeping your financial life healthy, just like out-patient surgery, or drive-up oil changes. The complex network of information exchange necessary to maintain the credit records of millions of Americans could be compared to the complex interstate and highway networks that make up major cities. Although they work quite well most of the time, accidents do occur, especially in large businesses, that’s why it’s important for them to always have Business Debit Cards.

A recent study indicated that 79% of consumers have some kind of error or inaccuracy on their credit report.

Most people have potentially damaging inaccuracies on their reports that could be hurting their scores. Credit repair is the process of identifying errors, disputing the information in question, and monitoring the bureaus to make sure the corrections are made to your report.

About Better Qualified

Better Qualified began serving consumers with inaccurate credit reports in 2003. We have been a preferred partner of  Mortgage Brokers, Realtors, Bankers etc.. We have also maintained a high rating with the Better Business Bureau during our years in business, las vegas credit repair is commonly listed in the top-five credit repair companies by independent reviewers.

Our services are the result of years of experience disputing errors and removing inaccuracies from credit reports. Our Credit Experts are trained in the time-tested methods we have developed and receive ongoing training on the most up to date credit repair laws and techniques. Try to avoid the so-called ChexSystems removal services, you’d better fill a ChexSystems dispute by yourself.

Credit Repair Guidelines

The Federal Trade Commission has published a number of guidelines for consumers to follow when researching credit repair services. Here’s how Veracity compares with those guidelines:

The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.

  • Better Qualified does not charge you a setup fee until we have built your CORE Credit Profile in our system and contacted you to begin building your personal credit plan of action. After the initial fee, our services are billed “in arrears” which means we work for a month on your credit case before billing you for that month.

Most credit reports are inaccurate and sometimes doesn’t tell you your rights and what you can do for yourself for free.

  • Better Qualified makes no claims that credit repair can’t be a DIY project (more info on DIY credit repair). We also list all the rights of credit consumers, on our site, right here: Consumer Rights.

The company recommends that you do not contact any of the three major national credit reporting companies directly.

  • Although it is not typically necessary with Better Qualified service, we would never tell you not to contact the credit bureaus.

The company tells you they can get rid of most or all the negative credit information in your credit report, even if that information is accurate and current.

  • Better Qualified does not challenge accurate information. Our credit repair service is for the removal of inaccurate or outdated information. We do not promise to remove information of any kind.

The company suggests that you try to invent a “new” credit identity – and then, a new credit report – by applying for an Employer Identification Number to use instead of your Social Security number.

  • Better Qualified has never, will never, and does not suggest this.

The company advises you to dispute all the information in your credit report, regardless of its accuracy or timeliness.

  • We do not suggest you do this at all. Our interface allows you to tell us exactly which accounts or records are inaccurate and which are accurate. In this way, we are able to focus on only the accounts that matter.

Becoming an Entrepreneur After Retirement

Photo Credit: Pexels.com

According to Inc., people over age 50 are starting businesses at a higher rate than younger entrepreneurs. If you’re retired or close to retirement and wondering how to start your own business — without sacrificing your future financial health — you’re not alone.

The Kauffman Index indicated that people aged 55 to 64 represented 26 percent of new entrepreneurs in 2016. While this group has more startup capital and a loan approval rate of 26 percent, they also have a lot more to lose if their businesses fail.

It takes the right idea at the right time in the right market to be successful. To increase your chances, you should follow these steps.

  1. Create a business plan. Identify the need and evaluate the market based on what you’re proposing.
  2. Evaluate your skills. Do you have the know-how, experience, and qualifications to address and fulfill that need?
  3. Consider the time commitment. If you’re seeking something with flexibility that you can control, chances are that you’ll need a substantial time investment initially, at least.
  4. Utilize the resources in your area. Good advice is priceless! If you live near a college or university, see whether there’s a small business center that offers free or low-cost consultancy services. Investigate the local chamber of commerce for other inexpensive (or free) resources.
  5. Use your professional connections. Consider joining LinkedIn. People with long careers know lots of other people. Networking is a huge tool for entrepreneurs.
  6. Embrace (and learn, if necessary), technology. Today’s businesses are run far more differently than businesses from the past. Up your social media presence, learn website management, and become online commerce savvy, or hire someone you trust to get you started until you can take it over yourself.
  7. Talk to an accountant when you’re analyzing the finances for your startup. If your business is cyber-based, you may not have a significant start-up cost. APM dublin accountants can assist you in the preparation of the annual financial statements of your company and to assist you in the filing of the Annual Return. You’ll want to protect your retirement savings, so talking to a finance professional will help you plan properly and protect your savings.
  8. Protect your assets by structuring your business in such a way that if it doesn’t work, or you have an end date in mind, you have a workable exit strategy.
  9. Speaking of exit strategies, create a plan. Will you hand the business off to your children? Sell it? Close it down?

Ladies and Gentlemen, Start Your Businesses! 

So, you’ve decided to become an entrepreneur. Great! But what are the options?

If you like working with animals, consider starting a company that offers dog walking or pet sitting. Last year, Americans spent over $47 billion on their pets. Since almost two-thirds of U.S. households have at least one pet, it’s an industry that’s here to stay.

Certify as a life coach. Life coaching or mentoring is a fairly lucrative business because it requires little capital to launch. If you’ve got areas in which you can specialize — sports, weight loss, organization, personal happiness, and more — find the niche in your area.

Capitalize on your hobby. If you knit, crochet, or sew, offer these services. Provide alteration and tailoring services or customized sewing. Check out Etsy.com to see what other handmade crafts people want. Many people appreciate custom-made sweaters, blankets, and more.

Good with tools or like to work with your hands? If you’ve got the expertise, start a repair business. Help people with small home projects they don’t have the time or knowledge to do themselves.

For a list of 2018’s 50 best after retirement business ideas, check out this article from Profitableventure.com.

Small business adventures 

Many experts agree that age is no longer a number when it comes to launching a new business after you’ve retired. More people are saying they don’t mind working longer, but they want to work on their own terms, something owning a small business facilitates. This article from Kiplinger.com includes a more detailed guide and advice to educate yourself, choose the right business, and safeguard your savings as you prepare to start your next adventure

Need Help?

If you still need help with controlling your debt and/or improving your credit, fill out the form below and get a free credit consultation from a credit expert at Better Qualified.