Category: General

The Pinellas Realtor® Organization & ERA Credit Services

A Perfect Fit

Clearwater, FL – September 22, 2015 – ERA Credit Services is pleased to announce that we have joined the Pinellas Realtor® Organization (PRO) as an Affiliate Member. PRO is one of Tampa Bay’s largest professional trade associations, representing the interests of over 6,000 real estate professionals in Pinellas County. PRO provides its Realtor® members with an array of real estate-related programs, products and services, including professional development, legislative advocacy, and business enhancers.

As a PRO Affiliate Member, ERA Credit Services will be offering our industry-leading credit repair, credit restoration service to PRO Realtor® member clients that have less than the credit score needed to qualify for a home mortgage. Our goal is to assist as many Pinellas County residents as possible to reach the goal of home ownership, and assist Realtors® in closing more business.

ERA Credit Services began in 2012 and offers credit restoration and a wide array of other financial services to help consumers protect their identity, credit, family, finances, lifestyle and future. ERA Credit Services is an Independent Agent for Financial Education Services and United Credit Educations Services.

To Contact ERA Credit Services

Phone (727) 222-0120
Email dale@eracreditservices.com

ERA Credit Services is now a Member of the Central Pinellas Chamber of Commerce

Since we began representing United Credit Education Services in 2012, we have always strived to be a part of our community and support local businesses. We realize the challenge small business owners face and the huge benefit of referring business to each other. That is why we are proud to announce that ERA Credit Services is now a member of the Central Pinellas Chamber of Commerce.

Central Pinellas Chamber of Commerce

Since relocating to, and now offering credit repair in the Tampa, St. Petersburg, Clearwater, Largo area last year, we have been looking for organizations that truly promote local small businesses. We have found one of those organizations in the Central Pinellas Chamber.

We are very pleased to be a part of the Central Pinellas Chamber of Commerce.

We have already begun to establish meaningful relationships with business owners in the area. We look forward to helping small business owners with challenged credit as well as real estate, mortgage and banking professionals that need credit worthy clients.

The Central Pinellas Chamber of Commerce is one of the most active groups we have joined. In addition to leads groups that meet every two weeks, there are a variety of events that occur throughout the month that are always well attended by members and guests. As well, there are opportunities to host happy hour or other meeting events for more exposure for our business.

For more than 60 years, the Central Pinellas Chamber of Commerce has been empowering business by providing the necessary tools and resources to help them succeed. This includes networking leads groups, government advocacy and economic development initiatives in addition to programs and events focused on professional development.

If you would like further information about Chamber of Commerce activities and the benefits of joining the Chamber visit http://www.centralchamber.biz/. Or, call Membership Director, Kathy Pabst Robshaw at 727-584-2321.

View the ERA Credit Services listing in the Central Pinellas Chamber of Commerce Directory

Tips on Maintaining a Good Credit Score

10 Tips on Maintaining a Good Credit Score

Maintaining a Good Credit Score

Below is some great information for every consumer on first getting, and then maintaining a good credit score.

Monitor Your Credit Report

First, in order to know if you have a good credit score, enroll for an online credit monitoring system that alerts you if there are changes to your report and/or credit score. We suggest SmartCredit.

Use Credit Cards Like a Debit Card

For building and maintaining a good credit score treat your credit card like it’s a debit card. If you can’t afford to pay off a purchase at the end of every month don’t make that purchase. And, use cards with benefits (travel, points, etc.)

Credit Card Balances

If you have to maintain a balance on your credit cards make sure it is low relative to your limit. A good rule of thumb is under 30% of the limit. The credit reporting agencies all consider debt to limit ratios an impact factor in calculating a good credit score.

Use of Credit Cards

If you have credit cards use them periodically, even just once every few months. A dormant card reduces the impact on a good credit score.

Resist Department Store Cards

If you have major cards you don’t need a store card. They usually come with annual fees and high interest rates.

Resist Co-signing for Others

When you co-sign for another on any type of loan you give up control of credit history to another person. If that individual is late on a payment in can cost up to 60 points and affect your good credit score.

Expand Your Portfolio

Maintaining a good credit score requires more good credit. If you have just a secured credit card, apply for an unsecured card after 6 to 9 months. But don’t have more than 3 credit cards. It’s simply not necessary.

Keep Track of Automatic Payments

Payments that are automatically deducted every month from your checking account by giving a creditor your debit or credit card must be monitored. If your card expires they can quickly turn into late payments. Late payments can have a huge impact on your good credit score.

Note Annual Fees

If you have credit cards and other accounts with annual fees make sure you pay those fees promptly. Sometimes they go unnoticed and therefore, unpaid causing late payments and delinquencies.

Keep Inquiries to a Minimum

Hard inquiries can cost you points on your credit score. Keep inquiries from prospective creditors to a minimum. Be especially careful when purchasing a car. Some dealerships and car lots will have several finance companies run reports on you all on the same day.

If Your Credit Score is Below 640, Get Help

A credit score below 640 will not typically put you in a position to qualify for a mortgage. As well, it will cost you more in interest rates and deposits for credit cards, insurance, cable, cell phone, other utilities and more. To learn more about what we can do to help you visit ERA Credit Services 

To talk about your specific financial and credit situation call us:
San Diego (619) 492-3040
Clearwater (727 222-0120

Or email us at info@eracreditservices.com

Debt Collectors Must Provide Debt Validation Notice

Often consumers get calls from debt collectors or collection agencies stating that they owe a sum for a past due bill such as a credit card, medical bill, or other type of debt. In many cases, because of the strong stance taken over the phone by the debt collector, consumers panic and send them payment without knowing whether this company truly owns the account and legally can collect on it.

Debt Collectors

Think about it. Couldn’t anyone who simply knows about an overdue account call people and collect money if they are not forced to validate and verify information about the account and legally collect on it?

Within five days of their initial communication, debt collectors are generally required to send debt validation notices to alert consumers about their right to request proof that a debt is valid or dispute the debt. In other words, they must first, prove they own the account or otherwise can collect on it. And, they must inform the consumer of their right to dispute the debt.

The Consumer Financial Protection Bureau (CFPB) has found that Syndicated Office Systems, LLC, which does business as Central Financial Control, failed to send debt validation notices to more than 10,000 consumers. During this time, the company continued to collect over $2 million from consumers who did not receive the notices. These notices can be an especially important consumer safeguard with regard to medical debt, where issues like insurance reimbursements and medical billing processes are commonly fraught with complexity, confusion, and delay, and can lead to consumers being unsure of how much to pay or even whom to pay. More than 43 million Americans have medical debt adversely affecting their credit reports, and more than half of all overdue debt on consumer credit reports is from medical debt.

Consumers, when contacted by debt collectors, can request validation of the debt. If they do not receive validation in the mail they should not send any payment.

There are companies that call consumers and try to collect money on debt that they do not have the legal right to collect on. Some consumers have made payment to these fraudulent debt collectors and have not received credit and thus lost their money.

Read the full article http://www.consumerfinance.gov/newsroom/cfpb-takes-action-against-medical-debt-collector/

For further assistance visit www.ERACreditServices.com

FOR IMMEDIATE RELEASE: New Tampa Area Credit Repair Company Getting Great Results for Clients

Clearwater, FL – June 19, 2015 – ERA Credit Services, an Agent for United Credit Education Services, has expanded its operation and is now representing a new credit repair company in Tampa and is getting rave reviews. They now provide credit repair services in Tampa, St. Petersburg, Clearwater and Largo an as well service the entire state of Florida.

New Credit Repair Company in Tampa

Dale and Shirley Guiducci began assisting consumers with removal of derogatory items from their credit reports in San Diego in 2012 after trying to find a reputable company to help clients of their accounting business.

“We introduced United Credit Education Services to the San Diego market and it really took off just by word of mouth. We told friends and business associates that began using the services and shortly after we started getting calls from real estate and mortgage professionals who had clients that needed help with their credit score.” says Dale Guiducci.

Late in 2014 the Guiducci’s made a decision to move cross country to the Tampa Bay area and have now settled in Largo, FL. Shirley explains, “Because of the success we had in San Diego and the people we had working with us there we were able to make the decision to move wherever we wanted. We saw a need for a new credit repair company in Tampa. And, what better area in the country to move to than the Gulf Coast of Florida?”

Credit repair or credit restoration is the removal of erroneous, obsolete and/or unverifiable items from credit reports produced by the big three credit reporting agencies (CRA), Experian, Equifax and Transunion.

One ERA Credit Services client, Bryan Fallucca, told us, “What they did for me is nothing short of a miracle. I had the worst credit possible for years & it really took a toll on me both mentally & financially! They took my score from the high 500’s to a 748. Not only was I able to get a new car with nothing down & a very low monthly payment, I was also able to move me & my daughter into a better area of town & school district.”

A mortgage professional, James Hooper of Capital Line Mortgage shared, “ERA Credit Services helped one of our clients improve their credit from a 645 mid score to a 700 mid score on the dot. Our client now has the ability to refinance at much better interest rates 6 months after starting to work with ERA. Dale and ERA will be getting all our customers that need credit repair in the future.”

The owners of ERA Credit Services, now a new credit repair company in Tampa Bay

Dale and Shirley Guiducci are owners of ERA Credit Services, an Agent of United Credit Education Services. ERA Credit Services now has more than 280 Agents providing credit repair and other financial services to consumers in all 50 states.

Contact:

Dale & Shirley Guiducci
ERA Credit Services

4500 140th Avenue North
Suite 101
Clearwater, FL 33762

727-222-0120
619-492-3040

Email: info@eracreditservices.com
www.eracreditservices.com

Identity Theft – What to Do Before and After It Happens

It has become evident over the past couple of years that the largest companies in the largest industries simply cannot unequivocally protect our data and personal information. So, the question isn’t whether we’ll be a victim of identity theft and have our social security number, address, credit card info, etc. in the hands of criminals. It’s when will it happen.

Identity Theft

It’s not for the lack of effort that companies cannot protect our data. Typically they have fire wall after fire wall built into their system. However, hackers spend 24/7 figuring out a way around and through these protections to eventually get their hands on our information.

So, is there anything we can about Identity Theft? The answer is, absolutely yes!

We have to build on our system of protection. It starts with identity theft protection where we will be alerted when someone is trying to sell our data or open up an account in our name. We must go further, however.

We must have the ability to monitor our credit report and credit score 24/7. We have to have the ability to view our credit history to see if there is any fraudulent activity on any of our 3 major credit reporting agency reports or any significant change in our credit score.

And then we must have the ability to fix any damage that may, and as we mentioned above, will occur as a result of a breach of our personal information. In other words, we need the capability of having a professional credit restoration company on call to assist when we need it.

Is all this possible to have affordably? Yes, it is. ERA Credit Services and Financial Education Services have teamed up to offer affordable identity theft protection, credit monitoring and the nation’ s most effective credit restoration service. In addition, we also have services to add positive trade lines to your credit reports, protect your assets and your family, and save you money on every day purchases.

For more information on these and other important services that protect your identity, credit, family, finances and future visit www.eracreditservices.com or call us at 727-222-0120 on the East Coast or 619-492-3040 on the West Coast.

Boomerang Buyers – San Diego Real Estate Market

Chances are that you have never heard of boomerang buyers before. Boomerang buyers are former home owners who have gone through a short sale, foreclosure, or bankruptcy in the past few years and are saving up for a down payment to purchase a home again—are coming back. Of course, one of the issues these people face is repairing their damaged credit and getting their score back up to be able to qualify for a mortgage.

Boomerang Buyers

I recently had an opportunity to discuss this topic with one of the top real estate professionals in San Diego, David Demangos.  As a tenacious and powerful Keller Williams Real Estate Agent, David’s desire is to help his clients buy and sell residential real estate. He is known as San Diego’s “go-to guy” and is extremely well networked. David connects local business people, building relationships, resulting in repeat referral business for one another. His leadership and management skills shine through.

Boomerang Buyers Are Re-Entering the Market in San Diego

David recently sold a home to a nice man who short-sold his home, built his credit back up and purchased a new home in just around twenty five months. Boomerang buyers are expected to flood markets in some of the hardest hit areas for short sales and foreclosures in the coming years. They are predicted to account for nearly one in every five home sales in the certain metro areas this year such as San Diego.

Rising rents and the desire to own again now that the economy is more stable are driving many boomerang buyers to re-enter the market. They also want to jump in before interest rates and home prices climb too much higher.

How Soon Can Boomerang Buyers Jump Back Into the Real Estate Market?

But how soon they can jump back in will depend on the type of loan they had as a previous home owner. According to my trustworthy lenders, boomerang buyers who had FHA loans may need to wait only three years if they can prove that a hardship, such as job loss or death of a wage earner, led to their foreclosure or short sale.

Borrowers have typically been required to wait five to seven years to qualify for another loan, but mortgage giants have begun to change their rules to allow home owners who underwent a foreclosure or short sale to qualify sooner. Those who underwent a short sale will likely qualify the soonest. However, not all lenders are participating, so borrowers will need to shop around. David is well equipped to refer people to lenders who can help.

Freddie Mac’s wait time is usually four years following a short sale or deed-in-lieu, and seven years after a foreclosure. Fannie Mae may require a seven-year wait for a foreclosure, but only a two-year wait following a short sale as long as the borrower can provide a 20 percent down payment.

Credit Score Implications for Boomerang Buyers

However, for all these people their credit score is going to be an issue. David and I agree that the first step anyone who wants to “boomerang” back into the market must take is to check their credit score and determine the gap, if any, between that score and a score that will qualify them for a loan.

Between David Demangos and me, Dale Guiducci of ERA Credit Services, we can help you step through the process of getting in position to be a boomerang buyer.

Who do you know looking to buy, sell or invest in real estate? Call:

David Demangos
Keller Williams Realty
Cell:  858.232.8410
Realtor® BRE# 01905183
San Diego Real Estate Area Expert / Green Specialist / ALC Committee
www.awesomesandiegorealestate.com

LABELS: BOOMERANG BUYERSFORECLOSURES IN SAN DIEGOHOMES FOR SALE IN SAN DIEGOSHORT SALE HOMES IN SAN DIEGO, credit repair in san diego, san diego credit restoration