Dee Hoffman

Credit Score: What a Great Time to Live in Texas With an Excellent Credit Score

11-03-08

With all the doom and gloom going on in the mortgage industry, the stock market and the banking industry, there are some highlights; It's a great time to have excellent credit and it will continue, going forward. Lending institutions have money to lend (that is there primary function) and if you have an excellent credit score 750+, you will be the beneficiary of those opportunities. You will be offered the lowest interest rates in years when you apply for a mortgage, an automobile, auto insurance, and home owners insurance. You will continue to receive 0% interest on balance transfer offers, as the lenders pursue your business. And credit card companies want to keep you as a client, may offer to rasise your credit limits even higher, raising your credit score along with that. (I just received a notice last Friday raising my credit limits.)

For those of you living in Texas, our homes are holding value and there are bargains galore out there as the market has slowed a bit. How dramatically my business has changed in the past year. A year ago most of my business was people with damaged credit trying to get their score above 600. In the past 60 days it has evolved to many calls from people, who realize what great oportunities abound for them if they can get their score above 750.

They also realize the downside of the this new paradigm: If you are not Rated Excellent with a 750+ score, the reverse goes into affect. Your homeowners insurance and auto insurance, will probably go up. Your vulnerable to having your current credit limits go down, resulting in a lowered credit score and possibly have your card holder invoke Universal Default, allowing the card holder to raise your credit card interest rate to the highest allowable by state law.

Our credit scoring consultations are free and certainly worth a 30 minute time investment to make sure you are doing all the right things to raise your credit score.

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Dee Hoffman
National Credit Restoration Alliance

Dee Hoffman: Financial Planner in Conroe, TX

Office: (866) 739-7460

Mobile: (214) 450-6678
Secondary: (936) 647-2106

NCRA provides assistance to members whose FICO is damaged. Our Member Services Department has averaged 15,000+ members a year since 1990 and improved our members FICO score an average of 127 points.

About NCRA and Dee E Hoffman

I am a licensed mortgage loan officer in the state of Texas who experienced first hand, the emotional and financial hardship a client faces when they are rejected for a home mortgage loan, or whom financial penalties were placed for FICO scores less than 680. I am a Strategic Partner with the National Foundation for Credit Excellence (NFCE) whose expertise is in the area of Legal and Ethical, Lawyer facilitated Credit Repair and Credit Restoration. In today's mortgage market, it is difficult for anyone to secure a mortgage with less than a 620 FICO score, and if they can find one, they may not quality for PMI at less than 620. Additionally, If they are less than a 680 they may have to pay up to an additional 2 points for the difference between their FICO and 680. (On a $200,000 loan that equates to an additional $4,000.00)

Since 1990 our Member Services, Lawyer facilitated process has served over 15,000 members each year and on average raised their FICO score +127 points, by permanently deleting numerous derogatory allegations which the credit bureaus had listed on their credit reports.

I find it extremely rewarding now to work with Realtors and Mortgage Brokers, who refer clients to me, so they now can qualify to purchase that home they have dreamed about. I realize the time, effort and energy each realtor and mortgage loan officer invests in their clients as they search for that home and try to secure a mortgage. No longer does the realtor have to turn away a client with less than a 600 FICO score.

Areas of Expertise: Credit Restoration

Our area of expertise is understanding the Fair Credit Reporting Act as outlined by the FTC and being fully compliant with the Credit Repair Organizations Act. Obviously being a Lawyer Facilitated process lends immense credibility, but most importantly, we deliver Results to those members who entrust their financial improvement in our hands. Our performance record during the past 18 years speaks volumes as does the fact that we have absolutely no blemishes on our record.

Additionally, as a membership based association, our members receive or have access to a number of other financial services, such as a currency connection card, an affordable alternative health plan, and wholesale pricing access for numerous retail items, as well as access to the national Law Club for legal assistance.

Contact me today to raise your credit score!

Testimonials

Please visit our website at www.national-credit-alliance.org to view numerous testimonial letters and copies of deleted items from actual credit reports. To Numerous to include in this section.