Lower credit score?

Posted on July 28, 2015 by Jaime Block

How is it that you can actually get a lower credit score when you feel like your spending habits have gotten better?  Learn why your credit scores might have dropped since you last checked them by using this informative infographic below:

Picture1

In summary, here are 5 solid reasons your credit score may have recently dropped:

1. 30 plus days late on payments

2.  Credit Card balances exceed 30% total

3.  Closing an old account

4.  Too many Credit Card Inquiries

5.  Identity Theft may have racked up debt without you knowing.

If this seems overwhelming to you, it’s important to call a credit repair company such as Nationwide Credit Clearing

Our Family of Experts is Ready To Get You Back To Healthy Credit

home-people

LET US HELP YOU SOLVE YOUR CREDIT TROUBLE (773) 862-7700

Nationwide Credit Clearing, the home of the Free Credit report and Consultation. 

2336 N. Damen
First Floor
Chicago, IL 60647

Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com

CLICK BELOW FOR YOUR…

free consultation button nationwide credit clearing

Set yourself on the path to Financial Freedom: Mistakes can be corrected

Posted on July 17, 2015 by Jaime Block

Credit & Money Management

We all make mistakes, especially regarding our credit and money management. Below you will find some ideas on how to rectify past financial sins you may or may not have made.  It’s never too late.

Nobody’s flawless – especially when it comes to money management. There’s a pretty good chance that by now, you have control of your current finances, however, most of us have made some serious mistakes when we were younger. We have never had an owners manual on how to manage money, so chances are you have made some serious mistakes while you were younger or perhaps in college. Those previous mistakes can and will come back to haunt you today in many ways. Nationwide Credit Clearing recommends that you face your money issues head-on as well as make up for those wrong doings before being able to move on in the future..

LOOK WHAT’S GOING ON

When confronted with past financial faults, it’s easy to turn your head and hope that they disappear. But when you must pay back your money or fall behind on loans, creditors are still looking to get a way to get paid. This will definitely affect your ability, long term, to gain new credit and have financial freedom moving forward. Nationwide Credit Clearing recommends that you collect all of your records & go through them thoroughly, to allow yourself to see the bigger picture of which mistakes you have made and which ones can actually be corrected..

DEVISE A PLAN

As soon as you know where your situation stands as of now, it’s a great time to also  create a plan to remove incorrect information from your credit report, as well as pay back past creditors. This is not going to be easy, but if it is important to you, we recommend that you make the time.   Consider your plan as you would a project given to you at work.  Focus on the plan, then look forward to the outcome.

START WITH THE BASICS

We don’t recommend that you use your savings to pay off old debt.   Actually, starting with small debts – old credit cards for example – will allow  you get rid of some of your smaller mistakes as well as help give you a sense of achievement. Start with the ones you can manage and control. This way, you’ll have leg room and information when it comes to time to repair your credit.

NEVER GIVE UP

Once you make progress on some of your little money issues, it will then be important to take the correct measures.   The first thing you can and should do is get an accurate and up to date credit report.  Nationwide Credit Clearing offers a service that provides anyone with an absolutely free, no credit card required credit report and consultation.  Once we evaluate your current financial situation, we can then move forward and help you with a plan.  

In conclusion, Now that you know more about how to rectify past financial sins, there’s no time like the present to get your free credit report and score.

Improve Your Credit

Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647

Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com 

What impact do late payments have on your Credit Score?

Posted on June 17, 2015 by Jaime Block

shutterstock_89758558

Making late payments on your, mortgage, credit cards or loans will affect your overall credit health as well as hurt your credit score. Regardless of how late you pay, even one day late will count against you. Generally speaking, if your bills are not paid on or before the due date, this could affect you in the long haul.

Late Payments: How they Affect Your Credit

Banks as well as issuers consider the history of your payments especially after evaluating your overall credit risk & deciding if they should or should not approve you for the loan. A lengthy history of payments (on-time ) demonstrates that you are a reliable & responsible borrower.
However, a lengthy history of late payments will suggest that you are not qualified nor responsible to borrow money from a bank.  The inability to be reliable is a huge red flag to banking institutions, and here are just a few things that can easily occur when you pay late.

  1. IT WILL END UP ON YOUR CREDIT REPORT
  2. INTEREST RATES WILL BE LIKELY TO RISE
  3. IT CAN DECREASE YOUR CREDIT SCORE
  4. YOU WILL END UP PAYING LATE FEES

Making late payments is a habit that could end in more damaging credit actions.
If you neglect an account until it is sent to collections or becomes delinquent, that will play a huge factor in your credit score drop. An account in collections may remain on your credit report for 7 years & cause more damage than a single late payment.

What to Do if You Have Late Payments on your Credit Report

A Simple Solution!

Credit Repair.  Credit Repair is the process of identifying, disputing, and monitoring negative information on your credit report.  Nationwide Credit Clearing has been helping people all over the US delete negative information from their credit past.  Whether you have late payments, medical bills, or even bankruptcy, Nationwide Credit can help you get back to a state of healthy Credit.

Contact Nationwide Credit Clearing for your free credit report and consultation today.

Nationwide Credit Clearing

“HOME OF THE FREE CREDIT REPORT AND CONSULTATION”
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
http://mynationwidecredit.com/index.php/contact-us/

 

Department Stores Credit Cards. Good or Bad Idea?

Posted on May 18, 2015 by Jaime Block

dd

This video explains why it’s important not to be fooled by department store discounts given to people just for opening up a new card. Todd Stern, founder of Nationwide Credit Clearing, explains “I do not advise people opening several credit cards just to get discounts” 

Tips: if you do ask them if you can charge it on your main credit card which they WILL SAY YES.
Then wait a few days and call to cancel.
How to Score:
Get your 10% and be done. You don’t want to have several open credit cards it leads to nothing but confusion and possible late payments.
The Bottom Line:
Too many open cards will decrease your credit score and increase your debt.

Already have too many?
Contact Nationwide Credit Clearing for your free credit report and consultation today.
Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647
Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com
http://mynationwidecredit.com/index.php/contact-us/

Can I get a Home Loan with Bad Credit?

Posted on April 17, 2015 by Jaime Block

The answer is: YES

nationwide credit clearing

To be quite honest, though, it’s not going to be easy to get a loan if:

  • Your Credit Score is Low
  • You Have Late Payments
  • Derogatory Items on your Credit Report
  • Excess Debt
  • Anything else Related

Don’t get discouraged because there is a solution. Depending on your personal situation, it may take some work on your part to make your dreams happen, but for piece of mind, even if your credit is bad, the possibility of getting approved for a mortgage is there.  You just have to take the correct steps and actions that will allow you to get approved.  Below is some interesting information:

GUIDELINES FOR PEOPLE WHO HAVE CREDIT ISSUES BUT ARE TRYING TO GET A MORTGAGE:

Short Sale

If you have recently or in the past been denied for a mortgage, Nationwide Credit Clearing can help.  We have been helping people remove negative items from credit reports for over 20 years.  If a mortgage broker has a client that cannot get approved, often times they will send their client to Nationwide Credit Clearing, we will take the appropriate actions to help increase their client’s score, and send them right back through the approval process knowing that this time the end result will be different.  

Just as well, if you are looking into getting a home loan, but are not in the process because you are afraid you may get denied, you will want to contact Nationwide Credit Clearing initially.  We offer absolutely free no obligation credit report and consultations for all new or potential clients.

If you or someone you know is having a hard time getting approved for a home loan, contact us today.  

After all, we are ” The home of the free Credit Report and Consultation”

Nationwide Credit Clearing

2336 N. Damen
First Floor
Chicago, IL 60647

Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com

CLICK BELOW FOR YOUR…

free consultation button nationwide credit clearing

Own up to your Credit : Good or Bad

Posted on March 18, 2015 by Jaime Block

We all have made major mistakes either currently or in the past, especially when it’s regarding Money, Credit and Financial well being. Understand how you can set your self on a more effective financial route by owning up to most of your undesirable $$$ mistakes.

No one’s perfect – particularly when you are looking at managing your hard earned dollars. As you may always keep track of your funds, budget intelligently & spend well now, you may have made some significant money errors while you were young. Since having money does not  come with an owner’s manual, you may have had lackadaisical spending ways or went wild with credit before you smartened up & began taking money as serious as you need to. Still, those past sins may come directly back to haunt you .. by way of creditors or really low credit scores. Your best bet would be to face money concerns head-on & compensate for those missteps before you can move on to more positive spending patterns in the future.

While confronting financial mistakes from your past, it is easy to turn a blind eye and hope they simply go away. However when you must pay back money or go into default on loans, not just are those creditors still looking to get paid, it will probably affect your long-term ability to secure funding & have what we like to call, Financial Freedom, in the near future. Rather, gather up all of your statements and read through them with a microscope to give you a general picture of which mistakes you’ve created & which can be easily rectified with a little bit of knowledge as well as hard work.

Understanding your credit is crucial.

So is a great score.

Get your credit report & Consultation NOW.  Why wait?  Call Today!

Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647

Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703

 

Credit Card Fraud

Posted on February 23, 2015 by Todd Stern

fraud

Credit card fraud can be a critical matter. For victims, it can be a frightening experience. Nobody wants to live their life on edge, but it always seems that credit card theft could happen at some really unexpected times. Although there is no guarantee that anybody is free from becoming a VICTIM OF IDENTITY THEFT, there are certain things that can be done to decrease your chances of you falling victim to credit fraud.

  1. Check ATMs and gas pumps for loose parts or suspicious keypads. If you discover something suspicious, you need to inform the service station or bank, and transact your business at a different store or location.
  2. Check your credit card statements for strange charges. CHECKING YOUR CREDIT REPORT on a regular basis can allow you to react much better to fraud or identity theft.
  3. Be careful when opening the Internet in public. Unlike home or office WiFi networks, there’s a large # of WiFi spots that don’t encrypt the info being transmitted through them. Your email, credit cards, and even bank account, information could be fair game for a cyberpunk with the proper skills. Never share private information with a stranger on social media sites and then try to limit the private information you share with your friends.
  4. Don’t carry information in your wallet or purse that you don’t need. Birth certificates, Social Security cards, PIN numbers and passwords can be easily stolen. Identity thieves could be gone before you become aware of any missing information.
  5. Shred documents with personal information before you throw them away. Identity theft crimes are usually thought of as being high-tech in general. There are still identity thieves who do not mind foraging through a dumpster for valuable information.

Think You May Be a Victim of Fraud?

IF YOU SUSPECT you are a victim of identity theft, you might consider adding a 90-day fraud alert to your credit report. A fraud alert warns lenders that you may be a victim so they can take additional steps to verify your identity before approving a loan application. Immediately inform creditors when you suspect or have proof of fraud. Take time to document every contact. Be sure you thoroughly comprehend the process of reporting fraud & what’s expected of yourself as well as the creditor.

Preventing credit card fraud takes a conscious effort. Protecting your credit card information begins with you.

If you or someone you know has been a victim of identity theft or credit card fraud, Nationwide Credit Clearing can help.

Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647

Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703

Why Is My Overall Credit Score Important?

Posted on February 9, 2015 by Todd Stern

What Is A Credit Score?

chicago-credit-score-online-free

A credit score is a three-digit number, typically between 300 to 850, which credit bureaus calculate based on information in your credit report. It is a simple, numeric expression of your credit worthiness. Although the three credit reporting bureaus (Equifax, Experian, and Trans Union), use similar methods to determine a credit score, the formulas they use are not exactly the same and your credit score will vary from bureau to bureau.

How is My Overall Credit Score Calculated?
Your credit score is calculated based on a number of factors listed in your credit history that describe components of your financial life including the number and type of credit accounts you have, the amount of available credit, the length of your credit history and your payment history. Each of these factors is assigned a numerical value, and then weighted based on how prominently they affect your credit worthiness.

How Do My Actions Impact My Score?
The good news is that no matter where your credit score is today, there are a number of different steps you can take now that can change your credit history and help impact your credit score. You should take all the steps you can to help establish a good credit score.

Why Should I Check my Credit History and Overall Credit Score?
In today’s digital economy, your credit history and credit score are vital pieces of information that are key to helping you secure your financial life. Credit card companies, mortgage lenders, and insurance companies will pull copies of your credit report and score in order to decide whether to extend credit or how much to charge for your insurance premium.
Financial services companies tend to group borrowers into segments according to their credit score. These credit score ranges may determine how much you’ll be charged for your insurance coverage or the interest rate you pay on your mortgage, student or car loan or the type of credit card you’ll be offered.

If you haven’t checked your score lately, or have interest in improving your overall credit score, contact Nationwide Credit Clearing.

We offer Free (no credit card required) consultations after we pull your free credit report.  Contact us Today!!

Credit Card Fraud

Posted on January 29, 2015 by Todd Stern

cyber-crime_630

Credit card fraud is a serious matter. For victims, it can be a frightening experience. While no one wants to live a life looking over their shoulder, credit card theft can happen at the most unexpected times. While there is no guarantee that anyone is exempt from becoming a VICTIM OF IDENTITY THEFT, there are certain things you can do to decrease your chances of falling victim to credit fraud.

**Check ATMs and gas pumps for loose partsparts or suspicious keypads. If you find something suspicious, you should inform the gas station or bank, and transact your business at another machine.

**Check your credit card statements for unusual charges. CHECKING YOUR CREDIT REPORT on a regular basis can help you react quicker to fraud or identity theft.

**Be careful when accessing the Internet in public venues. Unlike home or office WiFi networks, there are a large number of WiFi spots that do not encrypt the data being transmitted through them. Your email, bank account, and credit card information could be fair game for a hacker with the right skills. Never share personal information with a stranger on social media sites and try to limit the personal information you share with your friends.

**Don’t carry information in your wallet or purse that you do not need. Birth certificates, Social Security cards, PIN numbers and passwords can be easily stolen. Identity thieves can be long gone before you become aware of any missing information.

**Shred documents with personal information before you throw them away. Identity theft crimes are usually thought of as being high-tech in nature. There are still identity thieves who do not mind foraging through a dumpster for valuable information.

Think You May Be a Victim of Fraud?

IF YOU suspect you are a victim of identity theft or fraud, you may want to consider adding a 90-day fraud alert to your credit report. A fraud alert warns lenders that you may be a victim so they can take additional steps to verify your identity before approving a loan application. Immediately inform creditors when you suspect or have proof of fraud. Take time to document every contact. Make sure you thoroughly understand the process of reporting fraud and what is expected of both you and the creditor.

Preventing credit card fraud takes awareness and effort. Protecting your personal and credit card information is probably one of the most important steps you could take to prevent Credit Card Fraud.

For more information or if you have been a victim of Credit Card Fraud, Contact Nationwide Credit Clearing

X-5 Credit Repair System

Posted on January 8, 2015 by Todd Stern


New X5 Credit Repair is the newest software that has been rolled out by Nationwide Credit Clearing. This software is the most cutting edge on the market today. once you become a client, you will be able to login to your account online to view the status as well as send email updates frequently regarding the status of your deleted items.

Along with that, everytime your file is updated, you will receive a text message regarding the changes.

x5

On another note, if you just happen to be a mortgage broker and you refer a client to Nationwide Credit, you will automatically become an agent so you can check on the status of potential clients credit reports and deletions.
Remember, Nationwide Credit Clearing is the #1 Credit Repair company in the industry, providing you with the ultimate in credit repair technology… contact us today for your FREE credit report and consultation.

Nationwide Credit Clearing
2336 N. Damen
First Floor
Chicago, IL 60647

Phone: 773-862-7700
Toll Free: 877-334-3296
Fax: 773-862-7703
E-Mail: support@mynationwidecredit.com

Untitled-1