Build Your Credit and Tax Liens

How to increase your credit score? How does credit work? How to build your credit?

Well, let's take a look at which companies create credit and why it was created in the first place.

Experian, Equifax, and TransUnion are the three different credit bureaus. Each credit agency gives a score, some times referred to as a FICO score. FICO stands for Fair Isaac Company. There are other companies that give credit scores but FICO is widely accepted as the most trusted.

These three companies are not related and don't share information with each other. This is also the reason why there are three different credit/FICO scores. Your creditors, like credit card companies and mortgage companies, report to these 3 agencies. Since it costs money for creditors to report to these credit bureaus and they do not report to all 3 every time. This is how you arrive at three different credit scores. It is still possible to attain the same score from each bureau but this is strictly by coincidence.

FOR EXAMPLE;

Let's assume that you made a late payment on one of your credit cards. Your credit card company must now pay when they report your late payment to Experian, Equifax, or Transunion. They might only report to 1 or 2 of the 3 companies. This is how credit or debt is reported.

Let's take a look at how we can build credit fast;

Typically we get one credit card when we are younger and it usually has a $250 or $500 credit limit and we try to build on it from there. Most people panic when they are late for one credit card payment after years of being on time. Credit card late payments work against you but not as heavily as you may think. If you are always on time for payments don't worry about a few late credit card payments. What you should worry about is if you have late car payments or late mortgage payments. You should never have any car or mortgage late payments, or keep it less than 1 late payment for every 2 years.

Sell your Tax Liens:

Do you currently have tax liens that you are holding on to and want CASH FOR THEM WHILE THEY ARE IN THE REDEMTION PERIOD, contact us. WE buy tax liens just contact us via email or phone with your contact information and we will return your email or call you back with in 24 hours or less.

If you have a tax lien that is out side of its redemption period and you wish to sell the home we will make a cash offer for your home because we then re-sell to those who can not afford a regular mortgage.

There are plenty of people out there who lose their home to tax sales and this is unfortunate. There are people who have been able to buy their homes back in what is known as the "redemption period" , however they usually have to pay back the lien from the person who bought it PLUS interest. If you have a tax lien currently that you can not pay back for whatever reason and you don't want to lose your home CONTACT US IMMEDIATELY.

We offer programs in which we pay for your tax lien and in some cases we grant you the money WHICH MEANS YOU DON'T EVEN HAVE TO PAY US BACK. It really does depend on your situation but regardless of what it is you don't have to lose your home in a tax sale. If we pay the tax lien for you that STOPS the tax sale process and your home cannot be sold at auction. This service IS available, and it's by a case by case basis, so please call.

IF YOU WOULD LIKE MORE INFORMATION ON TAX LIENS OR YOUR TAX LIEN THEN PLEASE CONTACT US SO THAT WE MAY HELP YOU!