American Tax Relief claimed to be able to reduce the income tax bills of their clients. Their television commercials were compelling. To further attract clients, they mailed postcards to solicit the business of those hit with federal tax liens. Continue reading
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Derogatory Public Record or Collection Filed
Credit reports can list derogatory public record or collection filed even if there is no record of an original delinquent credit account. This is due to the fact that while lenders must report credit information for addition to your credit file, evidence of judicial action is actively pursued by credit bureaus. Continue reading
Serious Delinquency
It is a fact that most credit scoring formulas devote 35% of their weight on your payment history. Within that component, there is considerable negative pressure on credit scores for each account that reports a serious delinquency. Continue reading
Serious Delinquency and Public Record or Collection Filed
Your credit score is factored from a number of factors that identify potential risks based on your credit history. Some factors are more severe than others. When this factor is listed, it means that not only did you fall seriously delinquent on an account, but that it resulted in additional collections activity or legal action against you. This is listed as “serious delinquency and public record or collection filed.” Continue reading
Amount Owed on Delinquent Accounts
You might have considered getting a home equity or some other consolidation loan to save you from delinquent accounts that are racking up late fees. You put your hopes and trust in a financial institution that advertises exactly that service. Yet, they denied your loan application after pulling your credit report, and for good reason. The code “amount owed on delinquent accounts” is more detrimental to your credit scores than anything else. Continue reading
Proportion of Loan Balances to Loan Amounts is Too High
Your credit application might get denied if your credit profile is flagged with a common risk code. If you are told the proportion of your loan balances to loan amounts is too high, then you are deemed to be borderline overextended on debt. Continue reading
Lack of Recent Installment Loan Information
Credit scoring formulas place substantial importance in your history of installment loans. This is a major factor among other inputs that make up the 10% of credit scoring formulas dedicated to credit mix. Continue reading
Roni Deutch Scam One of Many
While Roni Deutch sales reps boast of a 99% success rate, barely 10% of their clients are actually granted a reduction in their tax bills. Based on these figures, it is expected that the total fees paid by clients greatly exceeds the total reductions in income taxes approved. California’s Attorney General labeled what has been called by many the Roni Deutch scam as a “heartless scheme” that swindled money from those with tax problems. Tax Lady Roni Deutch has aired hundreds of television commercials claiming that she has decades of experience in negotiating reductions in income tax bills. Continue reading
Too Few Accounts With Recent Payment Information
Older unused credit accounts fade in influence, leaving your active credit accounts as the primary indicator of your creditworthiness. As such, it is important to make sure that you maintain multiple active credit accounts if you want to be rewarded with higher credit scores. Continue reading
Kramer, Meggison & Taylor LLC Replaces Defunct Mann Bracken
According to a statement from newly formed collection agency Kramer, Meggison & Taylor LLC, the firm has “no association with Mann Bracken, and just, several lawyers who worked together in the past formed a new firm to resurrect their careers.” I also heard from another source that bacon is now good for you. Continue reading
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