Thursday, June 9, 2022

June Newsletter 2022




When you take out a mortgage, what does that do to your credit?

Credit reporting agencies are known to use a short-term ding on your credit score, followed by a significant boost once they see a consistent pattern of regular on-time payments. A mortgage loan can temporarily lower your credit score until you can prove you are capable of handling a large sum of debt.

On average it takes about 5 months to get your credit score back on-track. It is recommended to focus on making consistent on-time payments and keeping other debt responsibilities to a minimum. Remember, not all debt is bad debt and eventually your mortgage will manifest into good debt.

Read the full RocketHQ article here.



These are REAL results!


Our custom credit disputes leverage the consumer protection laws and the credit bureaus’ automated codes to help remove or correct any unverifiable items.

As a client, we dispute accounts with the bureaus and creditors on your behalf. Using our years of experience, we utilize the tools you need to move your case forward and the results you are looking for.

You too can improve your creditworthiness.

Read More About Credit Worthiness Here




Are you ready to make a big purchase but want to take a deeper look into your credit first? You're not alone.

Our credit consulting services play a huge role in separating CRI from others. Our ongoing credit consultation service helps you ensure that you’re making the best choices.

We want you to know that you can count on the information we provide. Call us today for more information.




Join Our Workshop


Topic
Building Credit 101: Tips for the Small Business Owner

Description
You’ll learn credit restoration tips, credit building strategies, the importance of personal credit, and more. Whether you’re considering startup costs or new expansion strategies, establishing a strong credit profile can help ensure your immediate and future business plans are successful.

Guest Speaker: Robert Linkonis, Executive Director, Credit Restoration Institute

Time: Jun 29, 2022 12:00 PM in Eastern Time (US and Canada)

Click here to register

Continued Mortgage Trends




According to Freddie Mac, mortgage rates continue to fall but they still remain above 5% fueling an ongoing problem for buyers trying to break into the market.

In a recent article from CNN they reported on numbers from Freddie Mac showing that at the end of May 2021, a buyer who put 20% down on a $375,500 home, financed the rest with a 30-year, fixed-rate mortgage with an average interest rate of 2.95% would have a $1,258 monthly mortgage payment that included principal and interest.

Today, if a homeowner bought the house at the same price with an average rate of 5.10% they would pay $1,631 a month in principal and interest. That is $373 more each month and $134,140 more in cumulative interest payments over the life of the loan , according to numbers from Freddie Mac. According to CNN "For many people, that several hundred dollars in additional payment a month is the difference between deciding whether to buy a home or rent."

Read the full article here




Wishing all the awesome father's out there a
Happy Father's Day!






Give us a call today to start your credit repair journey!
Mon-Fri 9 a.m. - 5 p.m. (804) 823-9601 | (800) 648-5157
mail@creditrestorationinstitute.com

Fill out this easy form on our website

Friday, May 6, 2022

May Newsletter 2022

 Wishing all the wonderful mothers out there a Happy Mother's Day!

Happy Mother's Day!


Don't let bad credit be a barrier for home buying

Home prices have skyrocketed by nearly 20% over the last year and mortgage rates have risen faster over the past three months than they have in decades. But the high cost to buy a home is not the only obstacle prospective buyers are facing.

Other hurdles include a lack of available homes for sale that fit the buyer's criteria, bidding wars, and failing to have enough money for a down payment, according to a new study from the National Association of Realtors and Morning Consult.

"Record-high home prices and record-low inventory have made the home buying process exceedingly difficult," said Jessica Lautz, NAR's vice president of demographics and behavioral insights. "Our study shows that, while the inventory crisis is affecting potential buyers of every race, nearly all home buyers agree that homeownership is still an important part of the American Dream."

Read the full CNN article here.


These are REAL results!


In just a few short months we've gotten our client's credit from low 630's to 730's. That's over 100 points in 6 months! When shopping for a home, a credit score shouldn't be the reason one can't buy a home, especially with the right preparations and tools.

You too can improve your creditworthiness.


Are you mortgage ready?

Are you mortgage-ready? Do you know what your credit score is? Are you a first-time home buyer?

Using our credit repair services prior to contacting a loan officer can ensure the home buying process goes smoothly and painlessly. Even if you do have decent credit, having an even better credit score can increase your chances of better rates. Call us on (804) 823-9601 or (800) 648-5157 today for more information!


5 Star Reviews

"163 points in just two months"
These results speak for themselves!

Credit
 Restoration is the truth! Robert and his team know what they're doing!!!! Trust the process and you will see things happen. They update you once a month on your progress. My husband's scores have jumped 163 pts in 2 months. Their customer service and team are always friendly, and willing to answer any questions you may have. Just like the other gentlemen stated, this jump put us back in the mortgage approval range. The monthly payments are a small investment on a huge return!! Thank You Credit Restoration!!!!!!


– S. Ford



A Message from Federal Student Aid


"In response to the COVID-19 emergency, we paused loan payments and set interest rates to 0% for eligible federal student loans. On this page, you can find out if your loans are eligible and how this relief affects your loans."

Read the full announcement here

Student loan payment pause


Contact Us

Give us a call today to start your credit repair journey!
Mon-Fri 9 a.m. - 5 p.m. (804) 823-9601 | (800) 648-5157


Thursday, April 14, 2022

Aprill Newsletter 2022

Credit Literacy Curriculum!

Credit Literacy Curriculum! ‌ ‌ ‌ ‌ ‌ ‌

Robert Linkonis is on a mission to get credit literacy taught in schools across the country. He is working to create a curriculum that would be taught to high school seniors, explaining more than just financial literacy – like how to balance a checkbook – but also what is credit, how can you build it, and how it can affect your future.

Executive Director of Credit Restoration Institute, a non-profit company assisting individuals in improving their credit score while teaching the impact of creditworthiness and its impact on one’s mental health, Robert is passionate about this topic. "Many people don't know how things will directly affect their credit and the domino effect it can create," says Robert. "A bad credit score can handicap them financially for life." He believes requiring a financial literacy course can eliminate the potential for low credit scores.

Working directly alongside Donna Perkins, Vice President of the National Association of Credit Services Organization (NACSO), Robert, a board member, is developing a curriculum that will not only educate but engage high school seniors to understand the basics of credit. Last month he visited The U.S. Department of Education in Washington, D.C. to lobby for support.


Real Results

These are REAL results!

​Our custom credit disputes leverage the consumer protection laws and the credit bureaus’ automated codes to help remove or correct any unverifiable items.

As a client, we dispute accounts with the bureaus and creditors on your behalf. Using our years of experience, we utilize the tools you need to move your case forward and the results you are looking for.

You too can improve your creditworthiness


5 Star Reviews

Don’t just listen to what we have to say, hear it directly from our clients!


“After the first round of disputes my scores went up 113 points. Put me back in mortgage approval range…There are never expectations in the credit game but they let you know what should happen and what they will do to make it happen and what will be done if it happens. To me the price is fair especially since I'm trying to get better rates on a home so a few hundred here is worth thousands later”

–Eric Dalton



Credit Restoration Institute is Co Sponsoring the HOME of VA's 50th Anniversary Upcoming Event!

HOME of VA's 50th Anniversary Event

Join us and celebrate HOME of VA's 50th Anniversary at Main Street Train Station (Richmond, VA) on Thursday, April 21, 2022!


The staff and Board of Directors of Housing Opportunities Made Equal of Virginia (HOME of VA) invite you to join them for an evening to remember! Celebrate HOME of VA's 50th anniversary in style at Main Street Train Station with live performances by the Klaxton Brown Band, delicious catering by Groovin' Gourmet, and so much more! 

Register Today


Our Services



Contact Us

Give us a call today to start your credit repair journey!
Mon-Fri 9 a.m. - 5 p.m.(804) 823-9601 |  (800) 648-5157





Tuesday, March 8, 2022

March Newsletter 2022


We're kicking off National Credit Education Month with Credit Restoration Institute Executive Director, Robert Linkonis spearheading the effort to get a “Credit Curriculum” taught in schools. Stay tuned!"



Friday, February 4, 2022

February Newsletter 2022

Happy Valentine's Day!


In the spirit of Valentine’s Day and love, we’re talking all about money and relationships this month!

Did you know your credit score can do more than affect your ability to secure a loan… It can also affect your relationships! According to research conducted by the Federal Reserve Board in 2015 people with the highest credit scores were more likely to form long-lasting committed relationships.

The larger the discrepancy between a couple’s credit score, the more likely the relationship would end within the first 5 years. (source)

Better yet, couples who regularly talk about money are happier in their relationships than those who discuss finances less frequently: 42 percent of participants who said they talk about money at least once per week described their relationship as “extremely happy.” (source)

Approximately 31% of all couples clash over finances at least once a month, usually over a bigger purchase! (source)

As you can see, healthy financial practices, regularly discussing money and purchases, and keeping your credit score in good standing are super important factors in your romantic relationships!


These are REAL results! Our custom credit disputes leverage the consumer protection laws and the credit bureaus’ automated codes to help remove or correct any unverifiable items.

As a client, we dispute accounts with the bureaus and creditors on your behalf. Using our years of experience, we utilize the tools you need to move your case forward and the results you are looking for.

You too can improve your creditworthiness.


Our Services


How to Talk About Money With Your Partner


It can be scary to talk about money with your partner, especially if you haven’t before and especially if your finances are not where you’d like them to be.This article published by NPR outlines some great tips to start the conversation, starting with the ultimate icebreaker: "how comfortable do you feel being open about money?"

More questions to discuss:
  • How much do both of you make?
  • Do you have student loan debt?
  • Are you comfortable carrying credit card debt?
  • How should you, as a couple, handle money?
Sharing this information with each other is certainly a form of intimacy and can only strengthen your relationship if you are open and honest with one another.



Give us a call today to start your credit repair journey!
Mon-Fri 9 a.m. - 5 p.m.(804) 823-9601 |  (800) 648-5157






Wednesday, January 19, 2022

January 2022 Newsletter


A message from Robert Linkonis Sr., Executive Director

Happy New Year!


Achieving Good Credit

Achieving Good Credit


With the New Year, many individuals start thinking about all they want to accomplish in the coming months. Maybe buying a home is on your list of new year’s resolutions?

If buying a home feels unachievable, start by working on your credit score. A credit score of at least 700 is the first step in qualifying for mortgage loans. While practicing good credit habits and addressing any credit issues are the first steps, according to the FTC, nearly 20% of credit reports contain errors!

Alongside working with us to legally repair inaccurate and unverifiable items, here are some things you can do to help build your credit score.

  • Don’t miss a payment – set up automatic payments so you never miss a payment.
  • Catch up on past due accounts – if you are past due on any accounts, do what you can to catch up. Try using the debt snowball or debt avalanche method.
  • Pay down revolving balances – try to keep your credit usage to below 30%. Pay down any revolving balances to reach this mark.
  • Limit how often you apply for new lines of credit – especially while working to rebuild your credit!
Negative remarks, while they will diminish over time and fall off your report after 7 years, are best addressed as soon as possible.


Real Results
Our custom credit disputes leverage the consumer protection laws and the credit bureaus’ automated codes to help remove or correct any unverifiable items.

As a client, we dispute accounts with the bureaus and creditors on your behalf. Using our years of experience, we utilize the tools you need to move your case forward and the results you are looking for.



Our Services


Credit Consulting                • Credit Report Audit 
Credit Education                 Credit Disputes 




Debt Free Journey

Tips To Start Your Debt Free Journey

According to the ConsumerFed, 1/4 of low-income individuals are unaware of how to increase their creditworthiness. We want to help you by giving you the education and tools you need to rebuild your credit profile now and manage your credit and finances in the future. The more best practices you know, the better you'll be off!

Sometimes knowing where to start when we want to make a difference is hard. Here are some financial ideas to jump start your new year's resolutions! Start with one or two and see where it gets you!

  • Cut unnecessary expenses – if you truly don’t need it to survive or it doesn’t add meaning to your life, eliminate it. 
  • Budget! – you will hear this over and over again, but setting a budget is so important in realistically knowing where your money is going. Start by simply tracking all of your expenses, decide what can be eliminated, and move forward with a realistic budget from there.
  • Pay more than the amount due – paying the minimum due balance just means you’re paying more in interest over the long run, making any items you bought on credit even more expensive than you originally paid for.

Contact us


Give us a call today to start your credit repair journey!
Mon-Fri 9 a.m. - 5 p.m.(804) 823-9601 |  (800) 648-5157

Fill out this easy form on our website






Thursday, December 16, 2021

December 2021: Happy Holidays!

 Happy Holidays from the Credit Restoration Institute Team

A Lesson in Credit Scores


As we're in full swing of the hustle and bustle of the holiday season, it can be easy to fall into the mindset that you have to spend lots of money and buy lots of gifts for your loved ones. This mindset drives 22% of Americans to go into over $550 in debt every year! [source] And if you’re using credit cards, it could potentially be more with penalties, late fees, and finance charges. All of this could lead to damaging your creditworthiness.

While there are some benefits to using credit cards, like cash back bonuses and other incentives, if you don’t feel confident in your ability to pay back the loan, don’t use a card.

Check out our roundup of low-cost gifts that your loved ones are sure to appreciate and stay out of the cycle of debt!

No Cost Gifts

No Cost Gifts

  • Create a playlist of your favorite songs and listen to it together.
  • Regift an item from your home. Chances are you have something you're not using that a loved one would cherish!
  • Make dinner and enjoy conversation and spending time with one another.
  • Create a memories jar and write down your favorite memories. When they are missing you they can pull out a memory that makes them smile!
  • Give the gift of time nothing is more important that spending time together, why not gift that very thing!
  • Offer to babysit if they need a night out free from kids.
  • Plan a scavenger hunt that sends them around to all their favorite places!


These are REAL results!

These are REAL results!

Our custom credit disputes leverage the consumer protection laws and the credit bureaus’ automated codes to help remove or correct any unverifiable items.

As a client, we dispute accounts with the bureaus and creditors on your behalf. Using our years of experience, we utilize the tools you need to move your case forward and the results you are looking for.

You too can improve your creditworthiness.


Our Services


New Federal Debt Collection Rule

New Federal Debt Collection Rule


It’s been five years coming, but the Consumer Financial Protection Bureau has finalized the two parts of its debt collection rule under the federal Fair Debt Collection Practices Act. This regulation went into effect November 30, 2021.

The new regulation, known as Regulation F, has a number of implications for creditors as well as regulating third-party debt collectors.

Now you may be wondering, how will this affect you? We’re here to help! Get in touch with your questions and we’re happy to answer them.



Contact Us

Give us a call today to start your credit repair journey!
Mon-Fri 9 a.m. - 5 p.m.(804) 823-9601 |  (800) 648-5157
mail@creditrestorationinstitute.com