Credit Repair Tips for 2016

When we have a damaged credit, it is difficult to know where to begin. Can this be fixed? Will I ever be able to make a large purchase again? The answer is yes. With the help of credit repair services, you can take back your life from credit companies. We have all been at the point where we have more debt than income. You do not have to let this rule your life. With the help from the best credit repair companies, your credit score can be improved. Sounds too good to be true? It is not.
Removing negative information from your credit report can be difficult. That is why hiring a professional with knowledge in credit solutions is the best way to go. They will fight for you with the credit companies.
How it works
Basically, if you hire the best credit repair companies, they will discuss the negatives on your credit report with the credit companies. All the information on your credit report according to law must be fair, accurate, relevant, substantiated and verifiable. What a service like this does for you is ensure that every piece of information on your report fits into this statutorily mandated description. If it does not, then it must be removed.
This type of information is what is used to calculate your credit score. If that information is removed, then your credit score will increase. A quality credit repair company will discuss the changes with the credit companies then relay that information to the credit bureaus. This can take some time, so be patient. In the end, your score will increase and you will reap the benefits from it.
How effective is it?
This tends to range. Again, the information on your report must fit into the description shown above, and if it does, then it stays on your credit report. This does not change how hard the best credit repair companies work. Everyone’s situation is different, so the company should create credit solutions that fit your needs.
If you have incorrect or unfair information on your credit report, then yes, credit solutions will be effective. These professionals know the business and know how to determine what is right to be on your report and what is not. They are skilled in getting that type of information that is unfair to you removed from your report. That in turn increases your credit report. For example, K2 Credit’s members see seven percent of their questionable credit report items removed per month. This can make a big difference to you.

Incorporating credit solutions
In order to get and keep good credit while your professional credit repair company works for you, there are a few steps you can take.
1. Getting good credit
• Try to get a short term credit builder loan to establish credit.
• Try to get a secured credit card, where you have to put in a cash deposit.
• Become an authorized user on someone else’s card.
• Try to open a store credit card, but be careful with it.
2. Keeping good credit
• Keep all credit card balances at zero. Do not buy it if you cannot afford it.
• Ask for more credit, but try to avoid a new inquiry.
• Keep no-balance cards open, and use them occasionally to build history.
• Do not apply for too many credit cards. Every time your credit is run, your score takes a hit.
3. Long term credit repair
• Focus your attention on bringing past due accounts out of the red.
• Use autopay on your bills so you do not forget or spend the money meant for bills.
• Contact the best credit repair companies to help you while you help yourself.
• Do not avoid credit where you can get it. For example, student loans are considered good credit.
Having improved credit shows credit companies that you can take on the purchases you need, like a home or a car. Your first step should be ordering your free credit reports. Due to the Fair Credit Reporting Act, you are entitled to one free copy of your credit report from each of the three credit reporting agencies. Once you have those, you can work with a credit repair company and take steps to a better credit score.

Home Builders Top 5 Strategies For Increasing Revenue

Home builders must be extremely vigilant to be successful in today’s highly competitive real estate market, says Ryan Dunn, CEO of Trinity Builders in Vail, Colorado. In Mountain Builders Magazine, Dunn highlighted five common strategies builders are implementing to maximize revenue and profits:

  • Use New technology – Dunn says, “The primary reason that established builders have fared better than many start up builders is their ability to invest in technology. I’m not referring to complex accounting software or 3D renderings but rather very specific new age tools that quickly assess a market for scope of demand, survey prospective buyers for the home features they will pay for, and cut excess labor cost out of a very energy efficient green homes.”
  • Focus on the sales process – ” The most successful companies in home building and home remodeling industries are driven by focusing on the sales process in every aspect.Visibility is the key, so marketing mediums such as direct mail flyer campaigns to marketing your website can really accelerate the sales process and make a big impact on your bottom line.Furthermore,signage and banners on display in your communities can help steer traffic to your development.Also,holding open houses with model properties and building strong relationships with your local real estate brokers can pay huge dividends when it comes to marketing and ultimately selling your properties.”
  • Manage the balance sheet – “A large number of the investors we have worked for over the last ten years have been shocked by the lack of financial sophistication in the home construction industry in comparison to other industries. It’s true that many builders took on as much debt as possible, from relatively few sources, and with total disregard to covenants.It doesn’t take much for a project to go upside down when the books are sloppy.It’s extremely important to keep all records in order and to have a qualified accountant overseeing every aspect of your companies finances.”
  •  Stay focused on the details-“Most builders fail to do their proper due diligence at the very beginning phase of their projects.Selecting the highest and best possible valued lots at the lowest price is the most crucial detail that is often overlooked.Much of your gross profit in the end can usually be attributed to the land value as it relates to comps in the area.Once lot moves into construction phase every small detail has to be closely monitored by the builder to ensure quality control.Nothing will ruin your profit margins more than having to work backwards correcting mistakes that delay your project and drive up labor and material costs.”

  • Follow up with your customers- “The most fatal mistake a home builder can make is to not follow up with their customers after they have taken possession of their new home.Home buyers often have may questions and need assurance that they have the backing of the builder.Good referrals and positive reviews has never been more critical for building a solid brand that people trust especially with the power of social media.This industry has always been a marathon and not a race when it comes to profitability so a solid follow up strategy can be the difference between ultimate success and failure.”