Category: Financial Education

Lexington Law Review – Comparison with ERA Credit Services

Lexington Law Review – Comparison with ERA Credit Services

Lexington Law is perhaps the most well known credit repair company in the industry. Here is a Lexington Law review. Let’s see how we at ERA Credit Services compares with this industry giant.

Note- ERA Credit Services is an independent Agent for United Credit Education Services (UCES). The information below is based on data regarding both ERA Credit Services and UCES.
The information listed below regarding Lexington Law was provided by Simple Thrifty Living

Lexington Law

  • Years in Business – 25
  • States Serviced- All 50
  • BBB Rating (as of 1/31/19)Not Rated
  • BBB Accreditation –  NO
  • BBB Star Rating – <2 out of 5
  • BBB Complaints 578 (last 3 years)
  • National Association of Credit Services Organizations (NACSO) Accreditation – NO

ERA Credit Services

Services Offered

Note- Typically Lexington Law addresses one or two accounts approximately every 60 days which increases the length of time to complete the service.
  • Standard service of disputing items with the credit bureaus
  • Premier Service- Add credit monitoring and credit improvement analysis
  • Premier Plus- Add identity fraud alerts and personal finance tools

Services Offered

  • All negatives items addressed immediately (within 5-7 business days)
  • Credit attorneys to address credit bureaus and debt collectors
  • Online Client Portal for monitoring your account
  • Real time Online Credit Monitoring
  • Identity Monitoring and $1,000,000 Identity Theft Protection Policy
  • Credit Building Recommendations and Tools
  • Online Debt Pay Off System
  • Online Budgeting Tool
  • Will, Trust, Powers of Attorney
  • Net Worth Calculator and Planner
  • Savings Goals Planner

Fees Charged

Standard Service – $89.95/month

Premier Service – $109.95/month

Premier Plus – $129.95/month

Fees Charged

$99 One time Activation and $89/month for all services

Average Length of Service

One Year– reported randomly by consumers

Note- some clients saw faster results and some clients saw slower results.

Average Length of Service

6 Months

Note- some clients saw faster results and some clients saw slower results

Summary

After this Lexington Law review and comparison with ERA Credit Services you can make an informed decision. Should you go with the industry giant? Or, should you go with a company that has a goal of getting you the highest credit score as quickly as possible? And, will provide you with more service for less cost.

To learn more ‘Book a Phone Appointment’ with us today!
It’s Free with No Obligation

How is a Credit Score Calculated?

Over the years in my blog and in videos I’ve talked a lot about two topics. First, that credit repair, although it’s a great service only accounts for 35% of a credit score. We do a great job with credit repair but we also provide our clients with other services. These other services help a client with 100% of their credit score. The second topic is that we educate our clients on credit and how to have a great credit score. That way they can maintain that score on their own for the rest of their life. So, let’s get into discussing how is a credit score calculated.

Your credit score is the most important part of your financial life. In this economic climate your credit rating matters more than ever. Lenders look at it when you apply for a loan, credit card, mortgage or other type of credit. What they are doing is looking at how credit worthy you are.

How Is a Credit Score Calculated?

Payment History (35%) – The biggest factor in your credit score is your payment history. It composes 35% of your total score. The payment history factor is looking to see if you have paid your bills on time in the past. And, it indicates whether you are currently behind in any of your bills or not. Some late payments, such as mortgage lates, have more of an impact on your credit score. Your mortgage is a major rpriority to keep current. Payment history is the biggest factor for how a credit score is calculated. Therefore, it should be the biggest priority to not have late payments or past due accounts.

Outstanding Debt (30%) – Outstanding debt is what you still owe on accounts. It makes up 30% of your overall credit score. This is based on the amount of available credit you have versus how much you are using.

There are revolving credit accounts and installment and mortgage accounts. Installment and mortgage accounts are based on the original loan amount versus the amount still owed. Auto loans also fit into this category. These type loans have a set monthly payment over a specific period of time. Revolving credit is generally credit cards. This is looked at with regard to the credit limit versus the amount owed. The best practice is to keep the balance below 30% of the limit on the account. This will make the biggest positive impact on your credit score.

Length of Credit History (15%) – This category reflects how long your accounts have been open. Also it looks at the length of time since the last activity on the account. The longer an account is open and current the better impact to your credit score.

Type of Credit (10%) – It’s beneficial to have a mix of different types of accounts. For example, a mortgage, an auto loan, 2 major credit cards, and 2 store or gas cards. The caution here is not to take on more debt for the sake of your credit score.

Inquiries (10%) – There are two types of inquiries that appear on your credit report. Inquiries that you authorize to obtain credit, or hard inquiries. And, promotional, or soft inquiries. Too many hard inquiries in a short time can negatively impact your credit profile. However, inquiries that occur for mortgage and auto loans prior to 30 days from scoring do not affect your score. Also, if multiple auto loan inquiries occur within a 14 day period as treated as a single inquiry. Promotional inquires do not affect your credit score.

To build a good credit score or to more positively impact the score that you have, it’s important to understand how is a credit score calculated. For more details watch our brief video above.

If you feel you need professional help with your credit score visit our Credit Repair Page or Book a Phone Appointment to speak with us directly. We’ll assess your situation and explain how our professional credit restoration services work.

How is a Credit Score Calculated?

Fix My Credit- There Are Two Ways to Do It

American consumers are waking up to the fact that going through life with a low credit score and having poor financial health, is going to impact their quality of life almost as much as their physical health. It seems that everyone wants to know how to ‘fix my credit’ and recover from the mistakes of their past.

The good news is you can recover and restore your credit score and financial health in two ways.

Fix My Credit

The first is to remove, as much as possible, negative items from your credit reports with Experian, Equifax and Transunion, the 3 major credit reporting agencies. There is a specific process governed by federal law that can assist in removing erroneous, obsolete and unverified items from a consumer credit report.

By law, a consumer has the right to fix my credit themselves through the major credit reporting agencies (CRA’s). However, this process is a major expense to the bureaus and does not generate them revenue. Therefore, within the boundaries of the law, they have put up some roadblocks for consumers in making this process accessible while at the same time making it seem very accessible.

That is why credit restoration companies exist. To help consumers navigate through the process and take the burden of time and expertise off consumers. Just like many things we can do ourselves such as work on our own cars, replace our own hot water heaters, etc., it just makes sense to pay someone else who has more expertise to fix my credit for us. So, removing negative or derogatory items from our credit reports is one way of improving our score. And, that is always the first step in improving our credit score.

Fix My Credit – What Else Can be Done Other Than Credit Repair?

Whether we do credit repair ourselves or work with a professional, credit repair impacts just 35% of our credit score. What about the other 65%? Amounts owed, types of credit, length of credit history, and new credit all impact our credit score.

We educate people about how to fix their credit & offer services and solutions.

That is where our company has concentrated its efforts over the past few years and now offers a suite of services at a very affordable rate (just $89/month) to not only restore a consumers score by attempting to remove negative items but educate them on how to proactively increase their score as well.

Here’s a list of services and solutions we offer:

  • Credit Restoration
  • Online Credit Monitoring- See an updated credit report and credit score 24/7
  • Education on Attaining a Positive Credit Score
  • An Attorney specializing in trade line removal and creditor harassment
  • Debt Payoff- a service that teaches consumers how to pay off their debts in up to half the time
  • Identity Monitoring
  • Document Security and Organization- identifies and records the location of all one’s important personal & financial documents
  • And, several money-saving services as well.
  • Restoring a credit score is important, or course. But getting serious about improving and securing one’s complete financial health is imperative in today’s economy.

Fixing your credit is different than fixing someone else’s credit. That’s because what’s on your credit report is different than anyone else. So, in order to share what we’ll need to specifically do for you we would like to speak with you. Go ahead and Book a Phone Appointment. Click above or visit www.eracreditservices.com/credit-repair

This post was originally published in May of 2015 and has been updated for freshness, accuracy, and comprehensiveness.

Local Credit Repair Company – Why Choose Local?

With today’s technology business can be done across the country and even across continents. So any reputable credit repair company should be able to provide service to clients here in the Tampa Bay area.  That’s assuming they have met the state of Florida mandated requirements or are exempt from those requirements.  So why choose a local credit repair company?

Why Choose Local?

There is a certain comfort level when dealing with a local credit repair professional. It helps if they are members of local organizations and have a presence in the community. Also, you get a sense of community spirit from supporting businesses that pay local taxes and generate revenues that are put back into your community.

The Downside of Local Credit Repair

However, in the credit repair industry local doesn’t always mean better. There is no licensing in our in the industry. Therefore people don’t have to prove they know what they’re doing before they begin doing it. That’s not good if they are doing it for you. If you want to do business with a local credit repair company do just a little homework first.

ERA Credit Services – A Local Tampa Bay Credit Repair Company

We’ve been in business since 2012 and are backed by a BBB rating and accreditation. As well, we are backed by a certification from the National Association of Credit Services Organizations. That means you can trust that we know how to repair credit.

Boost 100% of Your Credit Score

Credit repair is a great service. However, it only counts toward 35% of your score. We work on 100% of your score by education you, making recommendations, and providing other services to boost your credit score.

Local Credit Repair Office in Clearwater

Our office is in Clearwater. Find us on Google Maps

Check Our Reviews

We have dozens of reviews from local clients as well as those from around the country. Check Our Reviews

Always Be Informed

We give you a secure online portal so you can monitor the progress of your credit repair process.

$99 Account Activation Fee and only $89/month

The specific length of time it will take depends on the number of derogatory accounts, what type of accounts, and who are the creditors. We can advise you better once we talk with you. But just know…you are always in control. You can cancel with a quick phone call.

FREE, NO OBLIGATION PHONE CONSULTATION

Book a phone appointment with us on a day and time convenient for you. We’ll find out about your specific situation and determine if and how we can help you. Then we’ll explain the process in detail so you feel comfortable. There is no sales hype.

Local Credit Repair Company – Why Choose Local?

Should I Choose a Local Credit Repair Company?

We have the choice to do business with a local credit repair company in San Diego or a national company. Most people would like to do business locally. There simply is a comfort level doing business locally. Perhaps the thought of being able to find and visit the company should something go wrong is a compelling reason. And, we would more likely want to help out a business in our own economy. This is no different when choosing a credit repair service and perhaps these reasons are even more compelling.

Credit Repair Process and Concerns

In 2012 I was looking for a local credit repair company to refer to some of our accounting clients. I called several of our local San Diego credit repair companies. Most companies that were one woman or man operations. And, they hadn’t been in business very long. I was looking for a credit repair agency with a proven track record.

Local Credit Repair in San Diego local credit repair

There were two or three local companies that did credit repair in San Diego that had a track record but they were very expensive. I was looking for an affordable service for my clients. Then I started calling national credit repair companies that had a track record but discovered that most of them were expensive as well. And, I didn’t get the comfort level that my clients were going to receive personal attention.

I had a bit of a dilemma on my hands until I found United Credit Education Services. They had everything I was looking for in a credit repair agency. UCES had a track record since 2004, proven results, an A+ Better Business Bureau rating, a very affordable price, and a customer satisfaction guarantee. There was only one problem. They didn’t have a local representative in San Diego.

A New Local Representative in San Diego

There are many people in need of a local credit repair company in San Diego. Therefore, I eventually turned over the operations of my accounting business and opened a San Diego credit repair company in 2012. That business has grown substantially since then.  Our clients have a large staff of credit repair experts to rely on. Yet they also have a local representative that will give them the personal attention they need.

My solution to the problem of not finding a local credit repair company in San Diego was to find the best credit repair company and represent them. To learn why we are the best click below to Book a Phone Appointment. We provide a free, no obligation phone consultation. No sales hype. We will assess your situation, explain what we do and let you make a decision. Is credit repair right for you? Book the appointment and let’s find out.

This post was originally published in July 2013 and has been updated for freshness, accuracy, and comprehensiveness.

San Diego Credit Repair – How to Choose the Best Credit Repair Company in San Diego

So, you used Google or YahooSearch to find a San Diego credit repair company and you’ve found many. How do you choose which ones to even call? Every one of them tells you they’re the best and most effective. Here are some tips that will help you sift through all the marketing hype.

Big National Credit Repair Company vs.
a Local San Diego Credit Repair Company san diego credit repair company

This can be a tough choice. It’s seems a good thing to work with a local company. But you have to beware of local companies. Many local San Diego credit repair companies are one person operations that have limited resources in their abilities and have no backup should something happen to that one person such as illness, vacation, closing their business and worse. What happens to your account and money? The national companies typically have poor or no personal customer service. And, what’s your recourse should you not get the results you’re looking for?

Solution– Our company is local and national. We have the personal customer service you should expect from a San Diego credit repair company. However, if something should happen to us locally you have a national company with 14+ years experience and phenomenal customer support backing us up. You get the best of both worlds. And, you get our Customer Satisfaction Guarantee that will be honored no matter what happens to us locally.

Pricing– This really comes down to overall cost. What you need to be aware of is that most companies will not address all your negative items immediately. They do this with one goal in mind. That’s to keep you paying monthly fees longer. We do business differently. We address all items immediately. Our goal is to get you the highest credit score as quickly as we can. Why? because you’ll get great results and save money. Then you’ll tell people about us. Also, we do business with many of the top real estate and mortgage companies in San Diego. They want us to get that client qualified as soon as possible. We charge a $99 account set up fee and just $89/month.

The Fastest, Most Effective San Diego Credit Repair Company

A standard practice in the credit repair industry is for companies to purposely slow the process down. They do that to get their client to pay more monthly fees. Our goal is to get you the highest credit score as quickly as possible. Why is there a difference? It’s simple. Most companies get their business through advertising directly to the consumer. We get most of our business through referrals from real estate, mortgage, banking, auto, solar and tax professionals. We have to perform quickly or these professionals will stop sending their client s to us.

Solution- We challenge every derogatory item on all 3 of your credit bureaus reports immediately. We do that regardless of how many items. Therefore we provide the fastest, most effective service of an San Diego credit repair company. In fact, we have the best, most complete service in the country.

How Can You Stay Informed About the Progress of Your Credit Restoration?

Most companies, once you sign up with them, do not communicate with you after that unless you call them. You do not see what they are doing nor see the results on a regular basis. How will you know what’s going on with your account? What are you getting for your money? In fact, they hope you forget you even signed up for the service so they don’t have to keep you informed or worry about your satisfaction.

Solution– When you begin service with our company we analyze your credit reports and upload all your derogatory items to an online, password protected account. You can then log in 24/7 and see your items and then follow the progress of what items have been deleted, upgraded to paid as agreed, and what items remain for us to work on for you. You are not in the dark. You see us working for you every step of the way.

For more information and an assessment of your specific situation

ERA Credit Services

Call 619-492-3040
Email us at [email protected]

This post was originally published in June, 2014 and has been updated for freshness, accuracy, and comprehensiveness.

ERA Credit Services is an Independent Agency representing a 501(c)(3) non-profit organization and does not directly provide credit repair services or accept funds from clients for credit repair services.
Protect Your Identity

Protect Your Identity

Whether you earn $30,000 a year or $300,000 there are basic protections we all should have to secure ourselves and our families. Your credit score, that 3 digit number, is so vitally important that we need to take steps to manage it and protect it. A key in protecting your credit score is to protect your identity.

Facebook announced on September 28, 2018 that an attack on its computer network had exposed the personal information of nearly 50 million users.  It is unclear if this breach affected the world-wide Facebook community of 2.23 billion or just the 214 million U.S. users. Assuming it was a world-wide attack you would have a 1 in 45 chance of having your identity compromised.

If you are not currently using PrivacyArmor or another identity theft protection program you should immediately. Protection of your identity and credit is a monthly expense. But it’s nominal compared to not being protected. Protection of this kind should be looked upon as being similar to home owners, car, life and health insurance. Comparatively it costs much less but can save you just as much.

A recommendation is to get an evaluation of your current credit status. There are simple many ways and ongoing habits to adopt that can boost your score. You just have to know what those are.  For a free evaluation visit www.ERACreditServices.com/contact. There you can schedule a phone appointment on a day and time convenient for you. We can also enroll you for PrivacyArmor to protect your identity immediately.

ERA Credit Services is an Independent Agency representing a 501(c)(3) non-profit organization and does not directly provide credit repair services or accept funds from clients for credit repair services.

Healthy Credit Score – The Vital Sign of Your Financial Fitness

When we go to the doctor, the first thing they do is check our vital signs. Blood pressure, pulse, and blood oxygen levels. Every time. In effect, what they are doing is checking our heart. Without a healthy heart, it’s impossible to have physical fitness. The equivalent in financial fitness is having a healthy credit score.

Most of us will agree that the key to a healthy heart and physical fitness is diet and exercise. If we maintain a healthy eating style and exercise regularly, we have a reasonably good outlook for physical well being.

Similarly there are keys to financial well being also. Good habits that we all can learn and do to have a sound financial well being. And, if we do these things we will have a good outlook for financial fitness which will be represented by a healthy credit score.

healthy credit score

First of all, we need to check our financial fitness vital signs ourselves. For most, there’s no financial doctor that we go to regularly that do that for us. So, we need accurate, real time credit monitoring. Not the free services because they aren’t accurate and aren’t real time. Not the one we get from the credit card companies for the same reason.

Then we need to protect our credit which comes from protecting our identity. It’s like taking supplements to bolster our immune system. Identity theft protection is a key to a healthy credit score and sound financial outlook.

We also must learn how to get and maintain a healthy credit score. It seems that everyone is only focused on negative items versus positive items on their credit report. But there are many things we can do on a regular basis to achieve a healthy credit score even if we have negative items on our credit reports. We were taught at least some things in school about health. There were even courses we had to take. But there were no courses financial fitness and certainly nothing about a healthy credit score.

What about those negative items on a credit report? Can we do anything about that? Most of the time, yes! Just like with disease, if left unchecked it could seriously affect your health.

If we have negative items on your credit report it’s like a disease of our financial fitness. And, in a lot of cases it can be rectified. Yes, we have to take a remedy for it but not forever!

Then there’s debt. Paying interest on debt zaps our financial energy. Money is going out with no return. But what if we could pay that debt down and stop paying as much interest? We would have more money to save for emergencies, retirement and college.

Once we start developing a sound financial outlook we need to protect it all. Therefore we all need a last will, living trust and medical and financial powers of attorney. Without these vital documents everything we build for ourselves could go up in smoke before our heirs see it.

Everything we need to rectify these problems and have sound financial fitness is available. The problem is, that up until recently, no one knew where to get all this. It was like going to a gym for cardio, then another for weight training, then another for yoga. It was unrealistic and expensive.

Now, everything we need for financial fitness is all in one place with one membership for just $89/month. And, it’s simple. You log into an online account and all these services are waiting for you. Plus there are videos to explain each.

Now financial fitness is as readily available as physical fitness.
But just like physical fitness it requires focus and discipline.
Are you ready to get focused?

ERA Credit Services is an Independent Agency representing a 501(c)(3) non-profit organization and does not directly provide credit repair services or accept funds from clients for credit repair services.
Healthy Credit Score – The Vital Sign of Your Financial Fitness
Financial Fitness Program

Financial Fitness Program

More than ever before people need help with their personal and financial affairs. There are many reasons for this. The primary reason is that as a country, we are earning less in relation to inflation than we were 20 years ago. In addition, what we need in order to get our financial affairs in order is not organized and readily available for the average person. That is why we have developed a Financial Fitness Program.

Did you realize?

  • The average U.S. household credit card debt is $16,000 – NerdWallet.com
  • 69% of Americans have less than $1,000 in savings and 49% of those people have no savings at all – CNBC.com
  • 49% of Americans are living paycheck to paycheck – CNBC.com
  • The U.S. median family income rose just 2.8% since 2017 while the cost of living has increased 77% – US Bureau of Labor Statistics

We are certainly up against a series of circumstances that makes financial fitness next to impossible. Another factor is that we were never taught how to handle our finances in school, even college. We simply aren’t equipped on our own to develop a financial fitness program.

Financial Fitness Program

At ERA Financial and Credit Services we have joined forces with a company to provide an affordable financial fitness program for everyone. We call it The Protection Plan Membership. To get all these services and programs someone would have to get them from multiple sources and pay over $10,000. That’s just not realistic. So, we have put all these services together into a financial fitness program for only $89/month!

Here’s What Comes in Our Financial Fitness Program

  • A Debt Payoff System
    • 35% of Americans make only the minimum monthly payment on their debts. We show you how to pay these debts off faster saving tens of thousands in interest payments and how to live a debt free life.
  • Identity Theft Protection with LifeLock
    • Every 2 seconds an identity is stolen. 143 million people had their identity stolen through Equifax, one of the big 3 credit bureaus.
  • A Last Will, Living Trust, and Medical & Financial Powers of Attorney
    • Everyone should have these important documents in place but 65% do not.
  • Online Tool to Inform Loved Ones of the Location of Important Assets
    • $58 Billion goes in life insurance policies, 401k programs, bank accounts and other assets because loved ones don’t know they exist or where they are located.
  • Credit Enhancing Services
    • Today your credit is like a vital sign of your Financial Fitness. With a less than great credit score people pay more in interest and deposits, and can be turned down for purchases or to rent or lease.
      • Online Credit Monitoring with all 3 credit bureaus showing credit scores and credit reports
      • Education and recommendations on how to have an optimum credit score
      • Credit Repair to remove derogatory items from a credit report and increasing one’s score
      • A Credit Attorney that will step in if necessary
  • Money Savings Services
    • A Discount Travel Company with an online portal that saves thousands on hotels, resorts and vacation packages
    • A Discount Prescription Drug program that provides an average savings of 41%
    • An Insurance provider to insure that people are getting the right coverage at the best premium rates

To find all these services and programs on your own and become Financially Fit would be very difficult And again, very costly.  With our Financial Fitness Program called The Protection Plan these services come together. You get an online portal for easy access and coaching from our expert Support Team.

All for a one time set up fee of only $188
Then just $89/month

Think about it. If you can pay down your debt and therefore pay less interest on your debt ongoing, that would save far more then $89/mo.

If you could increase your credit score and pay less interest on your mortgage, car payment and credit cards that would save far more then $89/month

If you could prevent identity thieves from using your identity to open accounts in your name that would save more than $89/mo.

And, if you could save on personal or business travel throughout the year that would save far more then $89/mo.

Start Your Financial Fitness Program Today!

For more information call

East Coast (727) 222-0120
West Coast (619) 492-3040

Or email us at [email protected]

Debt Reduction for Overall Financial Fitness

We are best known for helping consumers increase their credit score. However, in many cases the reason why people have a low credit score is because they have too much debt. And, they don’t know how to pay it off or at least pay it down. Debt reduction is an important component to your credit score and overall financial fitness.

There are two ways generally someone can learn how to reduce their debt. One is to pay someone to do it for them. This is costly and doesn’t really teach the consumer how to do it themselves reducing their capability to maintain low debt in the future. The other is to learn how to do it yourself by using a program that walks you through it step by step.

Fortunately we provide our clients with an online program to help them reduce their obligations. By paying down their balances in relation to their limits or original loan balances it increases their credit score. And, they ultimately save thousands of dollars in interest.

Debt Reduction Simplified

This program simplifies the complexity of figuring out what debt to pay first, then next, etc.. You start by inputting your debt obligations including interest rates and pay off amounts. Then the program runs a report showing which debts to concentrate on paying down. Even if you can only add a small amount of money each month to paying the most expensive debt, it reduces the principal amount of that dramatically over time.

The most expensive debt is not necessarily the one with the highest balance. It may be the one that has the highest interest rate. The program identifies this for you and suggests how much more to pay on that debt.

Once that debt is paid down and ultimately paid off, it then suggest you take the entire payment amount you were applying to the first debt, and pay the next most expensive debt. This method can literally save you thousands of dollars, maybe tens of thousands of dollars.

For more information on our Debt Reduction program and how we can help you become more financially fit contact us by visiting us at https://eracreditservices.com/ or calling our office.

West Coast (619) 492-3040
East Coast (727) 222-0120
email: [email protected]

Debt Reduction for Overall Financial Fitness