1. Download Free Credit Repair Letters

Credit Repair Letter Templates — Collection Agencies. Debt Validation Letter — Send this letter to validate a debt to the collection agency and ask them to validate a debt they claim you owe to them. Short Debt Validation Letter — This is a shorter letter asking a debt collector to validate the debt they are trying to collect from you. Falt Rate Credit Repair Application. You can mend the situation with a Credit Letter. Credit templates bridge the gap between you and the creditor. This useful guide will navigate you through several credit repair strategies. We will give you tips on when and how to use them. We will also give you links to sample letters and templates you can use to get started. Credit reports and credit scores are designed to help lenders make informed decisions. DIY credit repair can seem like a daunting task. That's why Credit Info Center provides FREE credit repair information and FREE credit dispute letters to use when repairing your credit. You might not know exactly what to say to a creditor or a collection agency, which is why we came up with these easy to use credit repair templates for you to.

The new Credit Repair Edition of our popular debt reduction calculator is designed to help you improve your credit score by using the snowball effect to reduce your credit card balances to specific levels. Why does that help? One of the things that hurts your credit score is to have a high balance compared to your credit limit. Instead of waiting until a card is completely paid off to apply the snowball to the next debt, our spreadsheet helps you reduce your debt in two stages:

Goal 1 - Credit Repair: The debt reduction calculator first uses your extra monthly payment (i.e. snowball) to pay down the credit cards to the balances that you specify.

Goal 2 - Debt Free: After the first goal is met, the snowball is used to pay off your credit cards using the normall snowball approach.

Note: Advertisements listed on Vertex42.com do not indicate endorsements. However, we DO recommend reading references [1] and [2] below.

List up to 10 creditors. A version for listing up to 20 is included with the pro version of the Debt Reduction Calculator

Other Versions

Template Details

'No installation, no macros - just a simple spreadsheet' - by Jon Wittwer

Description

The new Debt Reduction Calculator - Credit Repair Edition is almost exactly the same as the original debt reduction calculator, so all of the instructions for the debt reduction calculator also apply to the credit repair edition.

The screenshot above is from the commercial-use version. A commercial version for financial advisors or debt specialists can be obtained by purchasing the commercial version of the debt reduction calculator. Contact us for details.

Related Posts • Bounty Train Trainium Edition PC Game adalah permainan simulasi yang cukup menarik.

Update 6/13/2018: A bug was fixed that caused #VALUE errors when the extra payments were larger than the balance left on the snowball targets (when the Reduce To values were not zero).

Using the Credit Repair Edition

All of the instructions for the debt reduction calculator also apply to the credit repair edition. The credit repair spreadsheet just adds another level on top, and therefore a bit more complexity. Keep in mind that there are many factors influencing your credit score. This spreadsheet specifically has to do with reducing the amount you owe, relative to your credit limits.

Reducing the Amount you Owe: According to reference [3], your FICO® score includes (among many others) the following two factors:

• 'Proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)' [3]
• 'Proportion of installment loan amounts still owing (proportion of balance to original loan amount on certain types of installment loans)' [3]

Goal #1, as explained above, is specifically designed to address these two factors.

Reduce To: This is the new column in the credit repair edition that lets you indicate that you want to lower a balance to a specific amount (other than zero). If you left this column blank, the spreadsheet would function just like the original debt reduction calculator.

What Balance-to-Credit-Limit Ratio is Ideal? This is also known as the debt-to-credit ratio or utilization ratio. I have seen conflicting information and there seems to be no one answer. The only thing I can advise is that you seek the help of a professional credit repair specialist. I could say try using a default of 20%, but that isn't always true. See references [1] and [2] below.

Other Notes about using the Credit Repair Edition:

(1) In the summary table, the column 'Met 1st Goal' estimates that date when you will have reached the balances entered in the 'Reduce To' column.

(2) The strategy you choose for paying off your debt (e.g. highest interest first) will also determine the order that debts are paid to accomplish Goal 1.

How to Improve Your Credit Score

For official information about how to improve your credit score, I would advise reading references [1] and [2] below on www.ftc.gov.

Credit Repair Resources

• [1] Credit Repair: How to Help Yourself at www.consumer.ftc.gov - You definitely need to read this.
• [2] Building a Better Credit Report at www.consumer.ftc.gov - Legitimate methods to fix bad credit (see the Dealing with Debt section).
• [3] How Your FICO® Credit Score is Calculated at myfico.com
• National Consumer Law Center (NCLC) at www.nclc.org
• National Foundation for Credit Counseling (NFCC) at www.nfcc.org

2014 is here, and if you have resolved to take better care of your finances, you’ll need the right tools to succeed. We’ve covered the basics of budgeting in many blog posts, but today we’re taking our advice a step further. Here you’ll find a free, customizable budget, allowing you to easily track your income and expenses. Here are a few things to keep in mind when downloading and using the budget:

1) The Monthly Net Income row is dynamic, meaning that the amount will automatically change based on the information you enter in the Income, Expenses, Taxes and Savings columns. When the box is green, it means that you have a positive monthly balance, i.e., money left over at the end of the month. If the box is red, it means that you are spending more than you earn.

2) The Tax Rate row represents your federal and state tax rate, usually deducted by your employer before you receive your paycheck. This information should be present on any employee pay stub. Simply enter the percentage and the Taxes column will automatically calculate the appropriate deductions.

3) The Income, Expenses, Taxes and Savings columns have a few things in common:

• Each column has a dynamic colored header box. As you make changes to the information listed in the white boxes, the amount in the colored box will change automatically.
• The left-hand column lists the type of expense, the middle column lists the amount to be deducted and the right-hand column displays the total percentage deducted or accounted for in your monthly income. For example, you’ll see that “income his” accounts for 66 percent of the total household income in this example.
• The information in the white boxes may be edited. Simply type your personal information into the downloaded document to build your own budget. If you have another expense to add, type the information into a blank row under the appropriate column (note: the right-hand percentage column will update automatically). If you would like to delete a row that does not apply to your budget e.g., “investment property mortgage,” highlight the row, right-click and select Delete/Entire Row.

Download Free Credit Repair Letters

The New Year is the perfect time to organize your life and start fresh. Use this budget to put yourself on the right track. It’s never too late to make a positive change.