Saturday, October 10, 2015

Financial Fitness $49 Special Link

Saturday, October 3, 2015

T-Mobile is Victim of Breach by Experian - 15 million Clients Information Compromised

SAN FRANCISCO — A hacker has acquired the records of 15 million T-Mobile customers and people who had applied for credit, the company reported Thursday.
The breach, which affected two years worth of records,occurred at Experian, the vendor that processes T-Mobile's credit applications, T-Mobile  CEO John Legere said in a post on the site.
Experian North America said in a notice that one of its business units was compromised, but that its consumer credit bureau was not affected.
Experian has notified both U.S. and international law enforcement. Experian North America's parent company, Experian is headquartered in Dublin, Ireland.
"The investigation is ongoing, but what we know right now is that the hacker acquired the records of approximately 15 million people, including new applicants requiring a credit check for service or device financing from September 1, 2013 through September 16, 2015," Legere wrote.
"The data set was for applicants and customers of T-Mobile who applied for service over that two year period," said Experian spokeswoman Susan Henson.
The breach happened approximately two weeks ago. It "was discovered within two days, secured immediately, comprehensive forensic investigation launched (and still continuing) and we announced it today to quickly notify consumers. Our notification to state attorneys’ general happens tomorrow," Henseon said.
In a refreshing change from the corporate-speak often used by CEOs whose businesses are breached, T-Mobile's Legere stayed true to form with his directness.
"Obviously I am incredibly angry about this data breach," he said, saying he would conduct a "thorough review" of his company's relationship with Experian but that his top concern for now was "assisting any and all consumers affected."
The compromised information includes customers' names, addresses and birth dates as well as encrypted fields with Social Security number and ID number, which could be a driver’s license or passport number.
Experian told T-Mobile the encryption protecting those numbers may have been compromised, Legere said.
Experian and T-Mobile have set up two years of free credit monitoring and identity resolution services for compromised customers. Ironically, the service is being offered through Experian's own credit monitoring service.
Experian cautioned consumers that under no circumstances would either Experian or T-Mobile call them or send them messages asking for personal information in connection with the breach.
"You may go to the website, but you should not provide personal information to anyone who calls you or sends you a message about this incident," Experian said in a statement.
Get your 2 years of credit monitoring from Experian here:

Next Post: 7 Secrets To Get a PERFECT Credit Score:

Thursday, October 1, 2015

7 Secrets on How To Get The PERFECT Credit Score

By: Dave Sullivan.

People always ask “How can I get a perfect credit score?” 

The truth is, credit scores above 760 will get you the very best loan rates. If consumers credit scores make it above 800 the only possible benefit  is a slightly better home and auto insurance rates. 

What is the formula for a perfect credit score?  I’ve seen a few perfect credit scores and I have seen a few that we’re almost perfect. The ones that are close to perfect credit tell a very interesting story.  

Here are the 7 steps to the perfect 850 credit score;

1. The number one most important thing is no late dates ever. Never late on any account and no collections.  Also you can not have any current accounts that are marked “was 30 – 60 – 90 day late now current” All accounts need to have 100% perfect payment history.

2. Consumers need at least one bank credit card that is thirty years old or older. A thirty year old history with no late dates ever on that account.  That is a key anchor for a perfect FICO(r) credit score.

3. One important ingredient that will keep consumers from a perfect credit score is, a  store credit card. Store cards will not give you as many points as a bank credit card.  One of the “Reason Codes” on a almost perfect credit report I recently reviewed listed; “too many store credit cards” as the reason why the credit score was not higher. (they only had one).

4. Another important ingredient is  five to seven bank credit cards with balances around five percent of the high credit limit, not zero, although some of the perfect credit scores had accounts that were zero. I tell people to keep their balances at five to nine percent if you want to get the best score. In addition, you need to have the every other credit card with at least five to ten years of history.

5. Another common ingredient is an old mortgage. The mortgage needs to be in the last few years of a thirty-year or fifteen year mortgage. Meaning the mortgage is nearly paid in full.

6. An optional ingredient is a home equity line of credit. I’ve seen perfect credit scores with and without a home equity line of credit.  I like the home equity line of credit from a credit perspective because it gives you a real boost in your credit score.

7. The last two ingredients are; no new account less than five years old.  No credit card, auto loan or mortgage of any type less than five years old.  Also you cannot have any hard inquiries in the last two years. A hard inquiry is when you apply for credit. A soft inquiry is when a consumer checks their credit for their own information.

That is a formula for a perfect credit score. If you want to see more videos about credit and credit scoring check these out at

Link to original article:

Message from Robert:

This is the first article that I have re-published from anyone who holds an anti-credit repair viewpoint. Dave works for a large national mortgage tri-merge credit report provider which is where he get's his experience and knowledge. I really hope that you have learned a lot from this article!

Like many mortgage industry insiders, Dave is only against credit repair companies that simply write dispute letters and sell a dream without backing it up. All of you know that is NOT what Credit Restoration Associates is about. REAL credit repair is a true art, and there are not enough artists.

Call us at (804) 823-9601 for a professional credit report review and professional credit consultation at absolutely no charge.        

Visit the Credit Restoration Associates Website 

 Back to the CRA blog homepage:

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Thursday, September 24, 2015

Add up to Two Years of Past Rent Payments to Your Credit Report

We have been waiting for this!

Details about the Program:

Rental Kharma will first verify your rental lease with your property manager. After verification, they will report up to the past 24 months of history to Transunion. (They are working to add Equifax and Experian).

It will report as an "Open Tradeline". If you have more than one lease or have co-signed for someone else, it will report as a "Joint" tradeline. You can have more than one tradeline added if your name is on multiple leases.

Every month, Rental Kharma will report the previous months rental payment - building your credit!

How long until the tradeline reports? Rent Data is sent to Transunion Twice a Week. Most rental payments will reflect in under 7 days.

This is an incredible value and I am excited that our clients have the opportunity to take advantage of it. Sign up HERE. 

Next Post: Their Debt Collection Days are OVER!

Wednesday, September 16, 2015

Their "Debt Collection" Days Are Over!


Posing as law enforcement and fake government agencies like the “Federal Crime Unit of the Department of Justice”?
Threatening to sue or arrest people — or tell their family and employers about a debt?
Reciting people’s Social Security and bank account numbers to seem legit?
Yup, this fake debt collection scheme did it all, illegally collecting more than $5.2 million in fake payday loan debts.
Today the FTC announced that under a settlement with the agency, defendant Kirit Patel and his company Broadway Global Master, which processed payments for the scheme, will be banned from the debt collection business, and money recovered will be used for refunds. Patel also has pleaded guilty to the real Department of Justice on charges of criminal mail and wire fraud.
So how can you tell if you’re being targeted by a Fake Debt Collector? A caller may be a fake debt collector if:
  • you don’t recognize the debt.
  • you can’t get a mailing address or phone number for the collector.
  • you’re asked for personal financial or sensitive information.
  • you’re threatened with arrest or told you’ll be reported to a law enforcement agency.
You have rights when it comes to debt collection. 
Tell the caller that you won’t discuss any debt until you get a written "validation notice," which has to include the amount of the debt, the name of the creditor you owe, and your rights under the federal Fair Debt Collection Practices Act.
If the debt is legitimate — but you think the collector may not be — contact your creditor about the calls. Share the information you have about the suspicious calls and find out who, if anyone, the creditor has authorized to collect the debt. If it doesn’t check out, report the call to the FTC and your state Attorney General's office.

Thursday, September 10, 2015

Portfolio Recovery and Encore Owe Massive Refunds for Violating the FDCPA

Portfolio Recovery and Encore Owe Massive Refunds for Violation of the Fair Debt Collections Practices Act - per the CFPB. I shed no tears and wish them all of the the best. Watch the video below. The story ran in tonight's news - WWBT 12 in Richmond VA.

Next Article: PRACTICE SAFE SPENDING! - Read the article: HERE. You will be amazed!