Faith Is The Only Way Through This Economy... Not everybody is going to get this

I've been sharing messages about Credit Reports and Scores for a while now and I have come to realize I have been shortchanging my readers. You see the fullness of the message I share has more to do with Faith then just having an understanding of Credit and how it works.

Now, I can't go on sharing tips about Credit and how it works without giving God what belongs to Him. I give Him all the Glory, the Honor and the Praise but it is my Faith that pleases Him. You see I woke up this morning realizing that I am not subject to this world financial system and as it fails I am able to overcome it. You see God reminded me that I must remember, I don't have to tell Him about my financial woes, He knows them already and I don't have to tell my financial woe's about Him because they know Him already. I have to walk in my Authority and tell my Financial Woes to line up with the Victory I have been given through Christ Jesus. I have to speak to my situations directly. We can't sit back and wait for Wall Street to take care of our economy because they won't or our Government to take care of it because they can't.

Take the $700 Billion Bail Out for instance. Even after the Bail Out, Wall Street is still loosing money and just how is it supposed to help Main Street? Part of the Bail out has been used to provide capital to banks to boost Commercial Lending especially to Small Businesses but did you know that many of the banks have used that money to purchase smaller banks? The notion is eventually they will realize they'll have to increase lending and it will turn around. What? They should have been forced to first provide lending opportunities to Small Businesses but the Government said they didn't want to be in business of telling banks how to run their lending institutions. So here's the picture. You get money to help sustain Main Street and you have the audacity to choose not to do it and our Government gave you the money to do so, but they chose not to make sure you did it and we actually trusted the banks to think of Main Street First? Did that help sustain the banking industry or make those banks portfolio larger...or both? Main Street is supposed to wait for this to trickle down to us? Yeah right. In case you haven't figured it out yet, we're in a recession heading towards a depression and Wall Street still doesn't get it. Let’s not forget about what AIG did after they got their money and that was before the Bail Out.

I submit to you God is calling His people to demonstrate Christian Character that will transcend Wall Street and Main Street. The streets are paved in Gold and not subject to a Recession, Depression or any other Oppression. We are to owe no man anything but to love Him. S&C Financial Credit Resolutions Group, NFP has been blessed with a system of Credit Education that will allow you to resolve your Credit Issues, Create a Planning Strategy and Improve your Credit Scores within 6-12 months demonstrating Risk Characteristics that you earned. This is not Credit Repair or Traditional Financial Literacy and like I said, I realize...Everybody is not going to get this. We are an IRS 501 (c) 3 non-profit organization located at 1545 W. 83rd St, Chicago IL. We provide one-on-one sessions and Workshops. When you're ready give us a call at 773-383-0849.

As Always, Be Blessed,

CC

Statute of Limitiations...Credit Report or Judgment

Hey faithful readers, just wanted to take the time to ensure you knew the difference in the Statutes of Limitation on a Credit Report and in a Court of Law. Many people know the Statute (or reporting time) of Limitations on a Credit Report is 7 years. But when does that start? The 7-year count actually starts 7 years from the last time you made an on time payment on the account in question with the original creditor. For instance you have an account with Whoever Credit Card. The last time you made an on time payment was January 2001. The account was sold to a collection agency and they show the last date of activity as June 2004. Technically that account can no longer show up on your credit report because the last time you made an on time payment was more than 7 years ago. You have a valid dispute and must request the Collection agency provide proof otherwise. There are exceptions to the 7 years in regards to Bankruptcies, but I'll have to explain that in my next article. The answers are not as cut and dry as you may think.

What about a Judgment on that same account? Say a Sheriff comes to your door with a Subpoena to come to court for a possible Default Judgment. In the State of IL a credit card debt is no longer collectible in a "Court of Law" after 5 years from the delinquency date. That won't stop the Collection Agency from trying to sue you. Given the same credit Card example above, the Credit Card account must be removed from your credit report and it is illegal for the collection agency to try to file a Judgment against you. There are different Statutes of Limitations in a Court of Law depending on what State you were in when the Debt was initiated. I'll try to get that covered in the next article as well. We're using Credit Card Debt as an example because it is the easiest to relate to and the most widely abused by collection agencies.

Believe me, when the Collection Agency decide to try to sue you, the information on your credit report more then likely will mysteriously change. It takes a trained eye to catch these glitches and S&C Financial Credit Resolutions Group, NFP is here to help. We are an IRS 501 (c) 3 non-profit organization. Working with us is worth the thousands of dollars you'll save. If you think you're in the clear, just take a stroll down to the County Court Building and look on the wall at all the court cases of Collection Agencies filing Judgments against unsuspecting consumers. More than 75% of them are bogus. Many people pay thousands of dollars for Credit Repair only to end up with just as bad if not worse credit later. Don't trust credit repair. It takes us the same amount of time to resolve your issues as it takes them to turn your score around and they may charge thousands of dollars in the long run.

If you think you are ready to get serious about Resolving your Credit issues and you're tired of trying to fix them yourself, get a copy of all 3 of your credit reports from either a willing lender or www.annualcreditreport.com then give us a call to make an appointment at 773-383-0849. Get the help you need and stop guessing.

As Always, Be Blessed,

CC