How to Create, Establish and Repair My Credit

By Octavio Ponce

It is important to familiarize ourselves with our credit report and have it close to maintain it in good standing and take advantage of it the most we can. The credit report is not the loan institutions responsibility nor financial institutions or banks that are the ones that utilize it to decide under which terms they approve the loan; the credit report is each individuals responsibility.
You would think that if you bought everything in cash, then you would never need a loan or any kind of financing, and you would not have to familiarize yourself with what is credit, but allow me to tell you that the credit report is not utilized or analyzed only for people that ask for loans. The credit report affects a lot of other factors in your daily life, like how your auto insurance, your work, your position at your job, and your rent, in fact, affect your daily life.
That is why I repeat that credit is one of the tools mostly utilized in actuality.
Learn how to utilize it in your favor, and obtain all the benefits that it gives youa good management of your credit report.

In todays market, there has not been a BOOK that has put together all the three elements of the CREDIT HISTORY: Create, Establish, and Repair. This is a one-of-a-kind BOOK.

There is the hunger and the need for information that helps all people with their credit report, and this BOOK is a powerful tool in the hands of whoever buys it and reads it.

• Language: English
• Publisher: Xlibris US
• Release date: May 13, 2013
• ISBN: 9781483638270

Octavio Ponce

I’m a Real Estate Broker, Mortgage Broker, Automobile Broker, and Insurance Broker. I’ve been working with thousands of people on their CREDIT REPORTS. I have helped and have advised them on how to create, improve, and repair their credit. Now, I am the President and CEO of National Association of Estators® and California Association of Estators®, a National Association for Real Estate Professionals and for people in the Real Estate Industry (www.estator.co, www.caestator.org, and www.estator.ca). I am currently pursuing a Degree in Economics. I published my first BOOK, Young to be Free, in 2002, a book about self-motivation. It is common to say that the objective of the human being is to reach for happiness, and the elements mentioned to be able to reach it are health, Money, and Love. After health is money, and a tool most valuable to reach money is credit, and then if we create a pyramid on top of our objective to reach love, then it is indispensable to have good credit. My study and background have brought me to put some information and experiences together here in these pages in recognition and for the benefit of those who want to be rich.

Book preview

Copyright © 2013 by Octavio Ponce.

Library of Congress Control Number:   2013908375

ISBN:      Hardcover   978-1-4836-3826-3

               Softcover      978-1-4836-3825-6

               Ebook           978-1-4836-3827-0

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

Rev. date: 05/09/2013

To order additional copies of this book, contact:

Xlibris Corporation

1-888-795-4274

www.Xlibris.com

[e-mail]

117709

Contents

About the Author

Foreword

Introduction

Chapter I

What is a credit report?

What information is included in my credit report?

First Section

Second Section

Third Section

Fourth Section

Fifth Section

Sixth Section

Seventh Section

Eighth Section

Ninth Section

Tenth Section

Eleventh Section

Twelfth Section

Thirteenth Section

Fourteenth Section

Chapter II

What an actual credit report looks like Example of a credit report pulled with the three agencies

Chapter III

How can I obtain a copy of my credit report?

What do the Television, newspapers, and magazines say about credit reports?

After all this, what should I do?

Chapter IV

Is repairing your credit report legal? And are credit report companies who fix credit reports legal?

What can I do as a consumer?

Chapter V

Credit restoration companies

Credit controls our everyday lives

Chapter VI

Credit Factors

What is FICO?

Basic Factors that affect our credit

What can we do?

Chapter VII

Financial balance sheet

Chapter VIII

Table of analysis of factors of the three credit bureaus

EQUIFAX

TRANSUNION

EXPERIAN

Chapter IX

What are the advantages of having a good credit report and a good FICO?

How much do we count on inquiries (requests for credit report)?

Total time that the negligence affects our credit report

How many points are lost?

Common errors found on our credit report.

When late payments are reported

Privacy in the market and promotional mail and e-mail

Chapter X

Social Security Report or Blueprint or Printout

Types of personal bankruptcy (BK)

Stolen Identity

Letter to report a dispute

What options exist in my actual situation, and what can I do?

Where do I start?

Terminology

To My Wife and Daughters.

About the Author

I have worked for many years with people who are looking for a loan to buy or refinance a home, to buy, sell, or refinance a commercial property, with people who are looking for personal loan, line of credit, loan for businesses, student loan, automobile loan, and every type of financing.

Along the years, working constantly with financial institutions and banks, with constant studying and experience with working with people that are looking for a type of financing or loan, I have confronted reality that one of the three factors, if not the most important, to get a loan is the credit and problems in the credit report.

That is why I have researched a lot of real information in daily practice.

I also give conferences and seminars about how to establish, maintain, and repair your credit. Not everyone can attend a seminar about improving your credit, but having this book, like a reference, can help you find many answers to your questions.

In my seminars, I have