Do you find yourself suddenly in the process of try to figure out how to rebuilding your credit score? In communities all across the country people have either lost their homes in foreclosure or had to apply for a loan modification. Banks required home owners to be behind on their mortgage before they would even consider a loan modification so many opted to miss a payment or two in order to get the banks attention.
To make matters worse many people have lost their jobs. What used to be dual income families are now single income homes and with so many people unable to find jobs the burden of keeping up with the bills has now fallen on the shoulders of one family member.
As a result families fell behind on other bills such as credit cards and other monthly obligations. Some families have even had to eliminate necessities such as medical insurance causing further financial distress with additional medical expenses. All of these things have devastated a lot of people’s credit scores. Does this sound familiar? Have these types of situations left you rebuilding your credit score?
Rebuilding Your Credit Score - A Family Matter
So how does someone begin to rebuild their credit score with all these financial hardships going on? As the job market begins to open up and people start to go back to work, in some cases for less income than what they were used to making, tough decisions have to be made. Families need to work together to take a close look at the situation and decide how they are going to work together to get through these tough economic times.
First things First when Rebuilding Your Credit Score
The first step to rebuilding your credit score is to get a clear understanding of what the situation is. Sit down together and put everything on the table. Who do you owe and what are able to pay right now? What shape are the credit reports in? I some cases it may require that one of the family members or both get a part time job to help make ends meet. Some things will all together have to be eliminated, like club memberships, the morning coffee on the way to work, the magazine subscription, maybe you have to start car pooling. The bottom line is you have to figure out how to cut cost in and outside of the home.
Once you have a clear understanding of where you are and have come with a plan to make ends meet, it’s time to start evaluating your credit profile. You may have to start paying down some debt to get your balances under control, you may have to try negotiating with some creditors for reduced pay offs, you will have to make sure that you are paying your bills on time. The thing to remember is that it is going to take some time so give yourself a break and just be diligent and follow through with your plan and most importantly, be patient.
Hiring a Professional to Help you with Rebuilding Your Credit Score
In some cases you may require the expertise of someone that can help you with developing a plan for repaying your debt and rebuild your credit score. Educating yourself on how credit works and what you can start to do to rebuild your credit is critical. Whether we like it or not, credit in today’s world is a must. The old saying “Cash is king” has been replaced with “Cash is king, but Credit is EVERYTHING!”
Click here to learn more about Rebuilding Your Credit Score
May, 17, 2010 (Coral Springs, FL) – Financial Education Services has launched a new program to help business owners with credit challenged clients at the point of sale. Many business such as Auto Dealerships, Mortgage Companies, Real Estate Agencies, Placement Agencies and Insurance Companies, to name a few, have felt the impact of the recent down turn in the economy and the effects it has had on consumers credit and confidence. Many people today don't even try to make purchases because they fear being rejected due to current credit scoring requirements.
Here are some statistics on Credit Scores: Credit Scores range from 300-850, A 750 or above is the ideal range, The national average is around 680, 13% of the population is above 800, 15% is below 550 and 22 states have a score below the national average.
How the program works:
This program will allow for business owner to have their own online website business portal where they can enroll the clients and United Credit Education Services will process the client from that point forward. All the business needs to do is enter the clients info into the website along with payment information and and the business will receive up to a 33% commission on all clients entered. The business will be able to track the progress of the client through there online business office or by contacting the credit analyst. United Credit Education Services is owned and operated by Financial Education Services (FES).
Who is Financial Education Services (FES)?
Financial Education Services (FES) was founded in 2004 and is headquartered in Farmington, MI. Since 2004 Financial Education Services has generated over 50 million dollars in sales. They are a debt free company with close to 200 employees worldwide. Financial Education Services offers financial related products for consumers looking to protect themselves and their families both personally and financially. FES is the authorized marketing agent for FES and LawMart.com, Inc. ("LMI"). FES is exempt under the federal Credit Repair Organizations Act (15 U.S.C. §§1679, et seq.) and is not a credit repair organization. FES markets a variety of financial, educational and service products on its own behalf and also for LMI. All credit services purchased by a customer from a representative are performed by employees of FES.
Who is United Credit Education Services?
United Credit Education Services (UCES) is a premier Credit Education and Restoration Company. United Credit Education Services (UCES) has a documented track record of assisting over 160,000 clients since 2003 and deleting close to 500,000 inaccurate, obsolete and unverifiable negative items from consumers credit reports. UCES also has an exceptional rating with the Better Business Bureau.
FES also offers the FES Protection Plan which is a complete personal and financial protection program for consumers. The FES Protection Plan includes the following; The Positive Credit Builder, FES Debt Zero, FES Will and Trust and Identity Theft Protection offered through a partnership with LifeLock. These financial services can also be purchased individually.
For more information call 954-707-2932 or visit Financial Education Servcies B2B Program
Financial Education Services officially launched the FES Protection Plan on March 20, 2010. The FES Protection Plan is a all encompassing approach to help consumers become educated on Credit, Debt and Personal Protection. Consumers enrolled in the FES Protection Plan will have access to Credit Coaches as well as Financial Coaches that will assist them on anything related to Credit, Debt, Estate Planning and Taxation.
Many consumers today are suffering due to the current economic conditions in this country. Financial Education Services believes that this is in part due to financial illiteracy. The very basic things that support financial success for Americans were not taught in this country to many Americans in our school systems or at home.
To assure the success of the next generation Financial Education Services has launched the YFL (Youth Financial Literacy Foundation League) designed to help teach youth between the ages of 8 to 18 financial responsibility and discipline, so that they may be successful productive young adults, leading to life of financial literacy and success in later years. Youth that are involved in this program will go through a series on age appropriate training modules and once completed will be eligible for scholarship funding to continue there education in the field of there choice.
Here are the components that make up the FES Protection Plan.
Protect your Credit File with Positive Credit Builder!
Your Credit Score is the most important number in your financial life. Your Positive Credit Builder credit analysis document will provide the necessary tools to understand the credit scoring system and how it impacts your financial health and freedom.
Protect your identity with LifeLock!
As the leader in proactive identity theft protection, LifeLock takes proven steps to help prevent thieves from destroying your credit and good name – even if they get your information.
Protect Your Loved Ones Future with FES Will and Trust Plan!
Planning for life's uncertainties brings you and your family peace of mind. But a will alone is not enough. You also need a living trust, medical power of attorney, and financial power of attorney.
Protect your finances with FES DebtZero!
SAVE THOUSANDS with the most effective, most efficient debt pay off system available. Get out of debt easier than ever with a clear precise plan that is customized for you.
What is FES DebtZero?
FES DebtZero is a web-based debt acceleration program that provides individuals with personalized direction they need to accelerate the pay off time of all their debts and mortgage. FES DebtZero guarantees that if you follow your personalized instructions you will be 100% out of debt and mortgage free in less than half the time it takes the average person, making regular payments, while saving or gaining thousands of dollars in the process.
Can anybody qualify or use FES DebtZero? Is FES DebtZero right for me?
If you have a checking account, make more money than you spend and have debt that you want to pay off quickly then FES DebtZero will work for you.
How Does FES DebtZero Work?
1. Deposit Income
Deposit your income, as you normally would, into your standard checking account. It doesn't matter if you direct deposit or hand it to a teller. FES DebtZero is a web-based program that is used as a management tool like a navigation system for your finances. Provide the secure FES DebtZero system your financial overview and the system will offer step-by-step direction so you can properly apply optimal payments toward your debt. FES DebtZero directs you on the best quickly pay off your debt that is also conducive to wealth accumulation. The less money that you have to pay on interest, the more money you'll have growing in your account.
2. Follow Prompts
The program looks at your deposited funds, expected expenses, dates they are due, and safely reserves funds for any unexpected expenses. FES DebtZero then analyzes this information and generates monthly prompts that will provide precise directions for paying off 100% of your debt, without any alteration to your existing lifestyle. In other words, you will still be able to enjoy yourself while paying down your debt!
3. Pay Expenses
Continue to use your checking account to make payments to your monthly bills, as they become due. If you currently pay your bills using online bill pay you can continue to do so. You will also use your checking account for daily budgeted spending (i.e. gas, groceries, entertainment etc). Any money that you have not spent is left in your account to accumulate and then used to pay off your debts or mortgage.
For more information contact
Mark Bustamonte Regional Sales Director Financial Education Services 954-707-2932 Direct
Coral Springs, Florida (PRWEB) March 5, 2010 -- VR Tech Marketing Group, in order to better identify it mission, products and services, announced a name change to Financial Education Services (FES).
VR Tech Marketing Group, now Financial Education Services (FES) has been in successful operation for over 7 years. FES has worked with consumers since 2003 to help educate consumers about the importance of credit as well as providing resources to help consumers improve and maintain there credit rating.
Financial Education Services over the years has continued to build it's product line by adding products that enhance the credit restoration process. FES recognizes that the key to helping someone that has credit issues requires more then just deleting derogatory items from the credit report.
Some on the enhancements include the VR Tech Prepaid MasterCard as well as the UltraScore program. The prepaid MC offers an unsecured minimum line of credit that is acquired by applying a direct deposit from an employer to the consumers card. This ensures the repayment of the unsecured line as well as building good payment history.
UltraScore provides a comprehensive credit analysis for the consumer as well as an "Action Plan" to help the consumer understand all the components of there credit profile and what they need to do in order to maximize there credit in the most efficient manner.
Another major announcement that was made a the National Convention was the creation of the YFLF (Youth Financial Literacy Foundation) and the YFL (Youth Financial League) designed to help teach youth the importance of being financially literate. This program is geared toward youth ages between 8 to 18. This program will provide interactive web based teaching modules. Youth that complete the financial curriculum will be eligible for educational scholarships.
As well introduced was the launch of the FES Protection Plan. The FES Protection Plan is holistic approach to help consumers protect all areas of their finances and includes: Positive Credit Builder, Identity Theft Protection, Estate Planning, FES Debtzero.
FES Debtzero is a web based application that helps consumers to establish a clear and precise method of eliminating personal debt, secured or unsecured, in the most effective way. This tool will show the consumer how to repay there debt while creating discretionary income for savings.
Financial Education Services (FES) with it's long history of success as a company and very high valued products is positioning it self to be a major player in the revitalization of the economy by address the issue of financial illiteracy in communities all across the country.
For additional information about how you can on Financial Education Services (FES) please contact Mark Bustamonte at 954-707-2932 or visit https://www.myfinancialeducationservices.com.
About Financial Education Services (FES):
Mark Bustamonte is a Sales Director for Financial Education (FES) services and has been a member since 2003.
Contact Info
Mark Bustamonte, Sales Director Financial Education Services 954-707-2932 Financial Education Services
On Wednesday October 7th, 2009 Mr. Mike Toloff and Parimal Naik Co-Founders of VR-Tech Marketing Group, LLC made a major announcement regarding the new business structure of VR-Tech. In the next 3 to 6 months VR-Tech Marketing Group, LLC will become a Sub Based Federal Credit Union. This will provide us full exemption at a Federal and State level with Regards to credit. All existing agents and new agents will have full access to resources of this employee owned Credit Union.
Other notable information on the call:
Mike also stated that one of our biggest accomplishments as a company is maintaining our A rating with the BBB.
To here the call in it's entirety click the link below:
VR-Tech Marketing Group - Conference call
Mark Bustamonte
Sales Director
VR-Tech Marketing Group
954-707-2932 Direct
www.vrtmg.com/mbustamonte
Financial Education Services, Inc. ("FES") is primarily engaged in providing financial education services and products for the benefit of a federal credit union, its members, the members of other credit unions contracting with FES, and to prospective credit union members as well as the general public.
Our Mission is to provide consumers with the educational foundation they need to help them achieve financial success long term. Our main programs provide educational tools and resources in the area's of Credit, Debt, Asset Protection as well as Personal Protection.
Financial Education Services offers the following credit and asset protect related products:
FES Protection Plan - Inculdes Credit Coaching, Identity Theft Protection, Estate Planning and FES Debtzero Program
United Credit Education Services - Credit Retoration and Education
UltraScore - Credit Analysis with Action Plan
VR Tech Pre-Paid Master Card - Credit Builder Program
Identity Theft Protection - A partnership with Life Lock
MyCare Plan - Wills and Trusts Program
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