How To Avoid Credit Repair Issues – Homeowners Edition

1
How To Avoid Credit Repair Issues Homeowners
Edition

• I analyze credit repair issues which can
  complicate things for a homeowner. With an
  emphasis on solutions, I first examine the
  complications and issues then move into the
  solutions you can use.

2
How To Avoid Credit Repair Issues Homeowners
Edition

• Avoiding Future Complications
• When building or maintaining credit, the
  avoidance of complications within credit repair
  are just as vital as avoiding the debt itself.
  Debt is the result of many different factors.
  Some of those factors include purchases made with
  credit, unpaid bills (many times when we do not
  have the funds to pay them), among other things.
  All of these factors contribute to debt (money
  you owe to a creditor).

3
How To Avoid Credit Repair Issues Homeowners
Edition

• You could be one of many who consider a Home
  Equity Loan to escape their current mortgage. I
  would strongly recommend against this if at all
  possible. A Home Equity Loan many times will not
  assist you in an escape, but will plunge you
  deeper into debt. Obligation is a serious thing.
  Once obligated you will find out that the problem
  has more complications then when you first
  applied for the loan in the first place.

4
How To Avoid Credit Repair Issues Homeowners
Edition

• Remember, it is a common trend for lenders to
  target home owners going through financial
  issues. At this point they will offer you a high
  interest rate with the objective of making you
  believe it is a viable solution to relieve your
  debt. The end game can lead you to foreclosure or
  through the process of having to sell your home.
  As you can see, this option can (and many times
  will) lead you deeper into the valley of debt.

5
How To Avoid Credit Repair Issues Homeowners
Edition

• You are probably wondering then, what can be
  done? Well, a solution you could consider is a
  Reverse Mortgage Loan. A loan of this nature is
  usually done as equity against your home,
  possessions, etc.

6
How To Avoid Credit Repair Issues Homeowners
Edition

• Lenders provide a line of credit, monthly
  installments to the home owner, or a lump sum
  advance. In some cases, you could even receive a
  combination of these options. Believe it or not,
  this is actually a great solution for repairing
  your credit. Also, it is a method that can help
  you build better credit for the future.

7
How To Avoid Credit Repair Issues Homeowners
Edition

• To every positive method there is also a negative
  side. The downside to this method is that a
  Reverse Home Mortgage Loan is more suited for the
  older generation of people. The reason this is
  the case is because it benefits individuals who
  have built up a good amount of equity over time
  in their homes. Also, another drawback to this
  method is that most home loans require upfront
  payments (ex. Title, insurance, origination fees,
  etc). Make sure you ask plenty of questions and
  know your options. It isn't wrong to shop around
  for the best deal. Remember, its your money and
  your credit.

8
How To Avoid Credit Repair Issues Homeowners
Edition

• In conclusion, your credit destiny truly is in
  your hands. Never feel boxed in (like you have no
  options). With every solution, make sure you
  research them thoroughly. As the days pass by
  credit is becoming more of an issue. In many
  situations your credit is a determining factor in
  purchase, lines of credit, and many other things.

9
How To Avoid Credit Repair Issues Homeowners
Edition

• If you go the path of a Reverse Home Mortgage
  Loan, make sure you do your proper due diligence.
  There are many lenders out there (some good, some
  horrible). This means you will have to check
  third party information (not just the information
  they give you) to verify their reliability and
  dependability. In all things, stay positive.
  Information is the key, so keep researching and
  stay informed.

10
How To Avoid Credit Repair Issues Homeowners
Edition

• Having issues with credit, debt, or incorrect
  information on your credit report? Watch our free
  presentation today for vital information that can
  help you below at
• http//consumercreditsupport.com