Free Credit Repair Help – Ideas to Eliminate Debt
If you are buried in debt and your credit score is poor, then it can seem as if all the pressure of the world is upon you. Even if you have eliminated all luxury purchases you still may be facing foreclosure or having your car repossessed. You may have to be making a choice between medications or food.
To find free credit repair help all it takes is some diligent research, hard work, and commitment. Once you learn to go about eliminating your debt you can begin the task of hacking away at it and by doing so you can even strengthen and raise your credit score.
With some hard work you can improve your credit score in as little as a year’s time. Here are a couple of free credit repair help ideas that will get you headed in the right direction on the road to your own financial freedom.
Make a List of the Damage
The first thing you need to do as you start Read more
How to Liberate Yourself from Debt
The most talked about topic in the world today is “debt”. Virtually everyone; either directly or indirectly, sees debt as a major problem we are faced with today. With expensive mortgage payments, high interest rates, reduction in salaries, and an increase in bill payments; everyone’s dream is to get out of debt.
So at a time like this how easy is it to become debt free? For individuals who are trying to stop from drowning in debt, even small things can matter. Here are some suggestions:
- Watch your credit card spending,
- Pay bills on time.
- Think twice before buying unnecessary things.
- Implement as many other minor adjustments to your household budget that you can.
In the last decade or so we have witnessed the largest “buying on credit” frenzy the world has ever seen. The cause for this is mainly Read more
My Journey to Financial Freedom Part 6
Filed under: Debt Free, Economy, Finance, Financial Freedom, Money Merge Account
Click on video to watch a News 3 Story “Saving You Money”
I want to recap what I covered in “My Journey to Financial Freedom Part 4” where I told you about how we had trouble with the bank where we had our home equity line of credit (heloc) from the very beginning. To reiterate when we signed for the heloc loan all of the paperwork was accurate, but when the heloc was funded, and we received a copy of the loan papers with my husband’s name on them and a stranger’s name. My name was not even on our loan. We didn’t have a clue who this woman was nor did the bank and to make matters worse it took a long time before we could get her name taken off our heloc account. Because of this error we had never taken an advance from our heloc account until we became clients of United First Financial and started using the Money Merge Account.
In spite of the problems with our bank, our experiences with the Money Merge Account system were well beyond expectations. Over a period of six months from August 2008 until February 2009 our average interest payment on our heloc loan $39.00 a month. Read more
My Journey to Financial Freedom Part 5
Filed under: Debt Free, Economy, Finance, Financial Freedom, Money Merge Account
Click on video to see why United First Financial is recommended by the experts.
How to Use a Heloc with the Money Merge Account
In August 2008 we became clients of United First Financial. To be able to utilize the home equity line of credit (heloc) properly with the Money Merge Account we need to retain a balance on the heloc loan so that we can deposit our income into it.
Each month when our income is received we put it into the heloc account. We determine when is the best time to pay our bills and then withdraw the money from the heloc to do so. By letting our income stay in the heloc account for as long as possible, the daily balance on the loan varies which keeps the amount of interest owed at a lower amount.
Our first withdrawal from our heloc was $3,500. We took this “advance” to purchase the Money Merge Account. Since our heloc is an open ended loan, the interest amount is determined by the average daily balance of the loan so the total interest we were charged for the first month was $1.72.
The first prompting we received from the Money Merge Account software was to Read more
My Journey to Financial Freedom Part 4
Filed under: Debt Free, Economy, Finance, Financial Freedom, Money Merge Account
Click on video to see how one man is investing in his children
Our HELOC Story
In August 2007 my husband and I applied for a home equity line of credit (heloc) because we were looking to invest in more rental properties. We decided to use one of our current rental properties as collateral for the heloc. At that time the property was estimated at $450,000 with a mortgage of $149,000. The loan officer recommended that we request the maximum line of credit amount of $195,000. We planned to use between $50,000 and $80,000 max in our investment quest, but based on his suggestion we went for the larger loan amount which proved to be a mistake later on.
The bank where our heloc was established was a problem from the beginning. When we signed all of the paperwork for the loan everything was in order. All of our information was accurate including my husband’s name and my name. We signed the notarized papers and the loan amount was authorized. When the money was funded, copies of the loan documents were sent to us and instead of my husband’s and my name on the loan there was an unknown woman’s name in place of mine. Not only had we never heard of this woman, but the bank seemed baffled Read more
My Journey to Financial Freedom Part 3
Filed under: Debt Free, Economy, Finance, Financial Freedom, Money Merge Account
Click on video to see an overview of the Money Merge Account
Our 26.5 Year Mortgage: Pay Off Time 16.3 Years
In August 2008 my husband and I contacted a United First Financial agent and requested an analysis to see if we qualified for the Money Merge Account system. Our agent was very conservative when he put our financial information into the program. In our estimation we surmised that at the end of the month on average we had approximately $150 left over. This amount became the discretionary income that was put in the report.
Our financial information is quite a bit different than the norm because since 1992 we have invested in rental property. Since that time we have acquired several properties in three different states. With those properties and our home mortgage we had a total of 7 first mortgages and 2 second mortgages. We also had a zero balance heloc that we had gotten in case the opportunity arose to purchase additional investment properties. In addition to the mortgages we had a car loan.
Our mortgages were scheduled to be paid off in 26.5 years and amounted to $489,869 in debt. As most of you know the total debt amount that you normally pay on a mortgage is around twice the cost of the loan. Ours was no different because we still owed $479,869 in interest even though we had been paying on these loans for three and a half years. The total amount of debt liability we would be paying on these mortgages was $969,738. Read more
My Journey to Financial Freedom Part 2
Filed under: Debt Free, Economy, Finance, Financial Freedom, Money Merge Account
Click on video to see United First Financial co-founders’ story
Going Green Does Not Hinder Your Ability of Becoming Debt Free
It was in February 2008 when my husband and I first learned about United First Financial® and the Money Merge Account™ program. Our financial planner called and was all excited about a service he had come across that could helps us become debt free very quickly. We met with him and he told us about United First Financial and all the success they were having helping homeowners achieve financial freedom with the Money Merge Account service.
He demonstrated the software and we found it to be very impressive in its ability to help eliminate debt. Because it was so new to us, we really didn’t understand the whole concept of what the Money Merge Account system could do and it seemed like the $3500 cost was a lot to spend on something that we weren’t sure would work. Our financial planner showed us how the software program would pay for itself within a few months, Read more
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