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Rising Star Financial Services offer a uniquely comprehensive array of financial services, and we specialize in enabling our clients to achieve their financial goals. Rising Star specifically caters to individuals who want to clean their credit to become more credit worthy, and we offer a mortgage service, as well as an association to real estate agents, some of whom are featured on our website. Rising Star even offers an online mortgage inquiry and upon completing this easy form, a Rising Star affiliated loan officer will provide you with personalized service. In addition, Rising Star offer a number of highly effective debt resolution strategies including debt negotiation and debt elimination. Rising Star Financial Services supports you in achieving all of your financial goals.
If credit repair is what you need, you will see dramatic results and an amazing increase in your credit score in just a few months when we clean your credit with our highly effective, professional full service program. This credit restoration program will help you attain your farthest reaching financial goals in less time than you thought you could. If you are ready to get your credit cleaned right now, click here for the Credit Repair program
If you have incurred a significant amount of debt and you would like to eliminate it, our debt relief experts can help you. In fact, if your credit card debt is excessive or unmanageable, this long-established debt resolution program provides legal assistance.
Click Here For Debt Relief
If you are concerned about your credit, you're looking for a home loan or you have incurred excessive debt, feel free to call us to sign up for a FREE CONSULTATION. Let us know how we may be of assistance. We look forward to working with you.
Call us right now at 310-440-1777
Credit Repair Myths
There is a tremendous amount of misinformation spun into the marketplace regarding a consumers credit reporting rights. Here are 10 of the most prevalent myths.
Myth #1 When I pay off an account, it will no longer be reported or considered to be
negative.... WRONG! Usually it is re-reported and re-aged!
Myth #2 If a negative item is deleted it will just come right back on my report. WRONG!
Myth #3 Certain items like bankruptcies, foreclosures, tax liens, and repossessions are
impossible to remove from a credit report....WRONG! Anything on a Credit File can be changed or removed!
Myth #4 Disputing a credit report is easy and consumers can easily do it themselves.
Wrong! Most consumers get frustrated and give up because of the obstacles put before them by the Credit Bureaus!
Myth #5 The Credit Bureaus will read my 100 word statement and take my side of the story into account... Wrong! If it was that easy then everybody would have good credit!
Myth #6 Credit Bureaus are infallible, a branch of the government, or otherwise beyond reproach... Wrong!
Myth #7 I can get a new credit file by getting a federal tax ID number... Very Big Mistake! This is illegal!
Myth #8 If I build enough good credit; it will offset my bad credit. Wrong!
Myth #9 A credit counseling service can help me restore my credit rating. Wrong!
Myth #10 The law requires that an item remain on my credit report for 7 years. Simply not so!
How long does information stay in your credit file?
The Fair Credit Reporting Act details how long information can stay on your record.
Chapter 7 Bankruptcy:
10 years from date of filing.
Chapter 13 Bankruptcy:
7 years from date paid in full and 10 years if not paid as agreed.
Judgments:
7 years from date filed.
Foreclosure:
7 years from date foreclosed.
Collection accounts:
7 years from the date of delinquency with the original creditor.
Paid Tax Liens:
7 years from date paid.
Unpaid Tax Liens:
Indefinitely from date reported.
Trade lines (line of credit or loan):
10 years from the date paid in full or closed.
Charge offs:
7 years from date of original delinquency.
Closed accounts:
10 years from date closed if paid as agreed.
Payment Patterns:
Credit grantors typically do not consider payment history older than 2 years, but can remain on for as long as 7 years.
Credit Inquiries:
2 years (placed by you or a creditor)
Adverse information:
may remain up to 7 years from date of delinquency
Lower your rates
A higher credit score means you can qualify for lower interest rates on any loan.
Save thousands
You can save BIG on home loans, car loans, or credit cards once you qualify for lower interest rates.
Don't wait 7 - 10 years
Negative items on your credit reports can often be deleted without having to wait 7 - 10 years for them to "fall" off.
A higher credit score means flexible financing options, giving you an opportunity to afford those things you've dreamed of.
A better home or car
Lower rates on credit cards
With a higher credit score you'll be inundated with credit card applications offering you superior rates and benefits.
Improve your qualifications for employment
Now, more than ever, employers rely on credit reports to screen job applicants. Don't get turned down for a job because of negative items on your credit reports.
Get the rental you want
Landlords have become increasingly cautious about renters, and they use credit reports to determine whom they should and shouldn't rent to.
If you have any questions please call or e-mail me at any time.
Thank you.
 You can find great local California real estate information on Localism.com Paul Diengott is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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