The Truth Behind Guaranteed Credit Cards: No one card and one program can improve credit score by itself. It takes a
careful commitment by you, the user of your credit to make a difference. That said there may be no other single method to
restore credit that a retail merchant credit card. Even if you have filed bankruptcy this card will improve FICO as long as you
follow the rules and pay on time.
PART 2: IMPROVE FICO SCORE With A Credit Builder Program. An important first step in the journey to home ownership.
Hello again,
It is not often good ideas get noticed. But when there are good ideas and they help everyday people then it is a good thing.
Let's talk briefly about a FICO program I found that truly is making a difference for thousands of renters-turned-homeowers.
It is not just a credit repair program but a complete Financial Resource Center.
Copyright 2011 RealtyRTO.com, LLC. All Rights Reserved.
Everybody Deserves a Second Chance
ABOUT THE AUTHOR
Bud Spofford began a career in real estate in 1976. Since then he has bought, sold, rehabbed and built more than 500 homes and mortgage notes. In 1996 he developed investment strategies unheard of at the time with short sales, tax lien investing, forbearance and loan modifications. With the advent of self-directed IRA's he brokered non-performing notes and charge-offs to investors by utilizing the aforementioned techniques with clients such as Chase Manhattan, National City Bank, Countrywide and many local lending institutions. Today he is a consultant to the real estate and rent to own home industries. Ben teaches real estate investment strategies, how to repair credit, how to buy a home regardless of credit. He lives with his wife Elizabeth and they have three young adult children and a Shiatsu named Shady. For more information and private coaching contact Ben here.
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The Difference is a Financial Resource Center. This FICO
improvement Program is one that is the first comprehensive information
network designed specifically for those who do not use, or have been
unable to get, a traditional bank account. There are many similar
programs out there but many are costly, ineffective and worst of all-do not
increase FICO score. However, there is a new approach that seems to be
working for many people who need a second chance. It is called
AccountNow’s Money 41. It is a unique financial resource center providing
articles, tips and advice to help these consumers maneuver the financial
roadblocks they face on a day to day basis.
Here is why this works for you--
New Short-Term Loan Product: AccountNow is offering iAdvance,
available with the AccountNow Vantage Prepaid master card from
MetaBank, to answer a clear customer need for access to affordable
short-term credit to pay for life’s unexpected expenses. iAdvance provides
a line of credit that can be accessed 24/7 via a customer’s prepaid card.
Available to cardholders with direct deposit, iAdvance is a more
convenient and less costly alternative to other options, with no rollovers,
no multiple outstanding loans and lower fees than other high-cost, non-bank credit alternatives.
No Upfront Fees for New Accounts: With the elimination of upfront fees for new customers who use direct deposit,
AccountNow has removed another obstacle to the greater convenience of a prepaid card account versus traditional check
cashiers.
The Credit Builder Option
Credit Builder is an optional service which allows your payment history to be shared with PRBC®, a national credit reporting
agency, to help you establish credit worthiness.
How does Credit Builder work?
Every time you make a bill payment with AccountNow Bill Pay, you will receive a statement. Paying on time will create a positive
history that will eventually make a big difference to your FICO score.
Now it is up to you. From what it looks like from here there is no downside to this program. The most important thing for you
iif you take advantage of the program is to treat this opportunity with kid gloves. In life we don't often get another bite at the
apple. I wish you the very best in your journey. If you do take the plunge please feel free to let me know how it works.
For information on how to participate click on the office building above or go to the Financial Resource Center.
