Tag Archives: debt

Department Stores Credit Cards. Good or Bad Idea?


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

Can I get a Home Loan with Bad Credit?

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:


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


free consultation button nationwide credit clearing

Own up to your Credit : Good or Bad

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


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

The Twelve Days of Credit

Untitled-1The Twelve Days of CreditA guide to unanswered questions about your Credit Report and History….

1. Did you know an FTC study found that about 25 Percent of Credit Reports could contain errors?

2. Some credit scoring models essentially count multiple hard inquiries, as one. As long as both loans are for the same type – ie auto or mortgage – and within a short period of time.

3. Loans you have co-signed for could appear on your credit report the same as your other accounts do. If you are thinking of co-signing, consider your own credit score as well.

4. If you are concerned about Identity Theft, a Fraud alert could make it more difficult for someone to open a new account in your name.

5. Make sure to track your Credit Utilization Rate. Try keeping your Credit Card Utilization Rate below 30%. Higher utilization rates could negatively affect your overall Credit Score

6. Lenders could close your accounts due to inactivity. To keep your current credit accounts active, try to use them regularly for at least small purchase. Of Course you should never forget to pay your bills!

7. Adverse Accounts are accounts in which information may lead potential creditors to view you as a risk. Account information includes name, address and phone number of creditor, your account number, current balance and highest balance, account limit, account status, account type and the date you opened the account. The report lists how much money is past due and how many times the account a payment has been made 30/60/90 days late. Bankruptcies, liens, foreclosures and judgments will be listed in this section.

8. Debt Validation is a consumer’s right to challenge a debt and/or receive written verification of a debt from a debt collector.

9. If you are considering using Credit Cards to earn cash back or rewards points this
Season, be sure to read the fine print. Some cards require you to enroll in rotating categories or have other limits on rewards. Always check and ask your credit card issuer for specific Details.

10. Most bankruptcies filed in the Unites States are either Chapter 7 or Chapter 13 cases.

So what is The Difference?

• Chapter 7 is a liquidation bankruptcy designed to wipe out your general unsecured debts such as credit cards and medical bills. To qualify for Chapter 7 bankruptcy, you must have little or no disposable income.
• Chapter 13 is a reorganization bankruptcy designed for debtors with regular income who can pay back at least a portion of their debts through a repayment plan. If you make too much money to qualify for Chapter 7 bankruptcy, you may have no choice but to file a Chapter 13 case.

11. Late or missed payments Can and Will reduce your overall credit score. Considering enrolling in auto-pay if you are a busy person who tends to be forgetful.

And on the TWELFTH day of Credit …someone brought up Credit Repair….

12. Credit Repair is the easiest and fastest way to increase your overall Credit Score. We work hard to dispute unfavorable or derogatory items that currently exist on your Credit Report. One should consider Credit Repair when looking to buy a new car, a new home, or anything that involves the need to present your personal credit score.

About Nationwide Credit Clearing…

Nationwide Credit Clearing has been in the credit repair business for 28 years. Nationwide Credit is the “high end boutique” of credit repair. We handle all of the work for the clients from start to finish. We give the client a free credit report consultation on day one. For us. however, It’s not just about signing up clients- we want to help them reach their goals. We Care!

Nationwide Credit is the largest credit repair company in Chicago and was told by one of the major credit bureaus six years ago that we were one of the top 3 largest companies in the country. Having such volume going through our company has opened up the doors with the credit bureaus. Two out of the three updated credit reports are sent directly to the Nationwide Credit corporate office.

Now, isn’t it time you checked your current credit score?  It’s easy, just Contact us Below: