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Credit Building & Credit RestoringWelcome to 1st Choice Funding and our innovative financial services specifically designed to "Protect Your Interest From Interest Because Money Doesn't Come With Instructions" |
Have you been turned down for a credit card, mortgage loan, auto loan, student loan, personal loan, apartment rental, retail purchase of furniture or are you paying higher interest rates than you should? Does your FICO score or credit positioning need a boost? Our credit disputing system is rated one of the best in America. No one else even comes close. We force the credit bureaus, creditors and sources of public record information to comply with the law. |
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Our team of experts works diligently with the various credit reporting agencies, creditors, collection agencies and public record depositories to remove:
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The services of Green Tree Financial and its affiliates may not be available in all states. Please refer to our terms of service for complete details. Testimonials
I went through a divorce, a bankruptcy and I lost my business. I started over and began to succeed, but my bad credit was holding me back from continuing to be successful. I was referred to you by a friend of mine and at this point "Thank You" cannot explain how much you have helped me. You have removed almost all of the negative items from my credit report, including my bankruptcy, tax liens and a vehicle repossession. I just now was able to purchase a new car and rent an apartment on my own. Again, thank you so much. Larry H. Newport Beach, CA Your service has been out of this world. My credit reports have been cleaned up and I cannot believe it. I have new credit cards and higher lines of credit because of your efforts. The money I paid your company was the best money I ever spent. I will recommend you to everyone. Paul K. Costa Mesa, CA I just wanted to thank you for your services. I have been a loan officer for several years and I have utilized several companies like yours before. Your system is the only one that has worked. I was trying to purchase a new home. My credit score had dipped to the mid 600’s. I needed to raise my score to over 720 to get the loan program I needed. After your incredible work my score was raised to 727. I closed escrow and completed the purchase. I will be sending as many people your way as I come in contact with. Thank you again for your help. Ben A. Santa Ana, CA I cannot thank you enough for your help. My credit was perfect, but as a result of my child’s medical condition a large collection lien was placed on my credit report. This lien dropped my score almost 90 points. I argued with the hospital and collection agency, but could get nowhere. Your sole efforts removed this item as well as some old inquiries, which raised my score 110 points. Thank you so much. Pat S. San Clemente, CA Wow! I am really amazed at what you can do. I have only been in this country seven years and I have a common name. I went to buy a house and my credit report was filled with many items that did not belong to me. I didn’t really understand the system, but I tried to contact the credit bureaus to resolve these items that were not mine. After almost a year I gave up because I simply made little or no progress. I hired your company and within 45 days you made ten times the progress than I made in a year. There is still a little more work to do, but you have done fantastic and my wife and I were able to purchase a home. Thank you. Juan & Lupita Anaheim, CA Credit Education Credit reports contain all of your personal information. Your name, maiden name, social security number, date of birth, address, telephone, spouse, work history, your previous addresses, names and other information are included. You must keep your personal information accurate on your credit reports as failure to do so may result in information pertaining to another individual listed on your reports. Most of the time accounts listed on your credit reports that belong to some one else will be bad debts. This type of thing happens more than people realize. Statistics show that two out of three credit reports contain errors ranging from an incorrect address or employer to incorrect credit accounts and public records. Your credit is one of your most important assets. Most people only find out they have credit problems when they need their credit and cleaning up credit reports takes time. Therefore, make your payments on time, check your credit reports often and if you find an error, don’t wait. Do something about it. Credit Scoring is a difficult thing to determine, but it is basically calculated by good and bad credit with additional factors considered. There are three major credit bureaus involved in determining your score. Each of these bureaus utilizes a different method of computing a credit score and reports different creditors; therefore the end result is three credit reports that each show a different credit score. Most creditors utilize the median credit score, which means they don’t use the highest or the lowest score but the middle score. If you do not have credit, it is absolutely imperative that you begin to establish a credit history as it is nearly impossible for an individual to apply for a loan or even rent an apartment without it. Obtaining credit may be somewhat difficult to begin with as you usually have to have a good credit standing in order to obtain credit. Therefore, one has to start on a small scale. If a person has virtually no credit history whatsoever, the best way to start establishing credit is by applying for a credit card. Usually, introductory cards have low maximum limits ($500 or less) so that the customer’s credit worthiness can be established while minimizing the credit card company’s risk. Once the customer makes purchases on the card and pays in a timely manner, a credit foundation will be put into place. If you have trouble getting a credit account with a major provider such as Visa, MasterCard or Discover, apply for a department store card from places like Target or Wal-Mart or a card from Exxon Mobil or another oil/gas company that you can use to purchase gasoline. Once your credit foundation is set up, you can apply for more credit cards to help improve your score. Once a consumer’s credit report shows enough significant trade lines and payment history it will be easier to get into a rental property, be approved for insurance or be approved for a loan. When establishing credit for the first time, it is important to know the difference between an unsecured credit card and a secured credit card. An unsecured credit card is one where a credit card company sets a maximum limit which the consumer can borrow by purchases and cash advances. As they establish a history of paying bills on time, the credit grantor will usually raise the maximum loan amount and may even lower the interest rate. A secured credit card operates differently and is a good choice to use in starting a credit history if one cannot obtain an unsecured card. Secured cards are backed by collateral as security against nonpayment. These cards are usually opened through a bank where an individual deposits a sum of money (the collateral) which backs the card in case of non-payment. The card is then used as any normal credit card. If the individual proves to be responsible with the use of the card and the timeliness in repayment of debts, obtaining a future unsecured card will prove to be much easier. Credit grantors generally issue the following types of accounts: Revolving Agreement With a revolving agreement, you may choose to pay your balance in full each month or make a partial payment based on the outstanding balance (minimum payment established by the creditor). If you make a partial payment, you will be charged interest (a "finance charge") on the portion of the balance you do not pay. Department stores, gas and oil companies, and banks typically issue credit cards based on a revolving credit plan. One needs to be careful in making minimum payments as the interest occurred will be added to the total balance of the account making it longer to pay the account in full. Installment Agreement The consumer signs a contract to repay a fixed amount of credit in equal payments (installments) over a specific period of time designated at the time of the contract (i.e., 36 months, 48 months, etc.) These types of agreements normally include automobiles, furniture, major appliances and personal loans. It is important that one looks closely and honestly at their financial habits. If you typically carry a balance at the end of each month should find a credit card with the lowest annual percentage rate (APR) for interest charges. The higher the rate the more interest charges will be applied to your balance, so it is important to choose a lower rate card. This will result in savings each month. However, be aware that many credit cards offer a low introductory rate for a certain amount of time, but will then raise the rate after that time has expired. Another important thing to remember is to stay under your credit limit and allow finance charges and cash advance fees into this figure. Cash advance fees can be steep and will be added to your finance charges. For example, a $5,000 credit card limit in use with additional finance charges and cash advance fees of $200 will put you $200 over your credit limit. Going over the credit limit can result in additional over-limit fees. Lastly you may wish to consider the different rewards credit card companies offer. For instance, if you travel you may want to look for a card with travel or airline miles. If you have a business, many business credit cards offer office supply rewards. In any event, it is important to find the features of a credit card that fit your pattern of spending and paying. The payment history shown on your credit report includes account payment information on specific types of accounts (credit cards, retail accounts, installment loans, finance company accounts, mortgages, etc.), the dates the accounts were opened, high credit amounts, balances, number of accounts paid as agreed and number of past-due accounts, the length of time of delinquencies, frequency of past-due items, past-due amounts on delinquent and collection accounts and negative public records, such as bankruptcies, tax liens and judgments. It is important to note here that you are not responsible for accounts listed on your credit reports as “authorized user accounts”. An authorized user account belongs to the person who opened it and who added your name to the account. People who use their credit card for almost everything instead of using cash or checks should look into credit card protection. The more the credit card is removed from your wallet, the more likely it is to be lost or stolen. By utilizing this protection, you will not be liable for any purchases made on your card if it is lost or stolen. The following are types of bad debts which are listed on credit reports: Late Payments Late payments add to a lower credit score. A late payment is classified as a bad or negative debt. A late payment made a few years ago is considered negative but less negative than a late payment made a month ago. When you are trying to obtain a major loan, for example a mortgage, late payments listed on your credit report can mean the difference of a ¼, ½ or 1 point of interest, which can cost you several thousands of dollars. If a late payment is made on such a large loan, it is considered a major bad debt especially if combined with other negative items. The length of delinquency is also important (i.e., 30 days, 60 days, 90 days or more). A debt listed more than 30 days late can be considered as negative as a collection or charged-off account. The more late payments made the more negative an account becomes. Late payments score as a "2", "3", "4", "5" ... the higher the number the more negative the late payment. Collection Accounts A collection account is a bad debt. While late payments score as a "2", "3", "4", "5", the credit scoring system categorizes collection accounts, charged-off accounts, profit and loss accounts, repossessions, foreclosure, liens, child support and almost any other negative credit item (except late payments), into a category of a "9". A score of "9" is the most negative score you can get on a credit report. The more collection accounts you have the more negative the bad debts are. In addition, it does not matter how much money is owed on the debt. If you owe a collection in the amount of $5.00 and you owe a collection in the amount of $500 they both score "9". Additional information regarding collection accounts is that paying one off does not necessarily help your credit scores. Even though we know it is the right thing to do, many times paying off a collection account will not help your credit at all. In fact it can actually make it worse by starting a time frame that is used to make a bad debt obsolete causing the bad debt to remain seven years from the date you paid it instead of from the date it was closed (last date of activity). Before making the decision to pay off a bad debt you should understand the results of what could happen if you do and consult with a company who specializes in credit problems because once the damage is done it is hard to undo. Charge-Off Accounts A charge-off account is simply a collection that the creditor is charging off as a loss. By doing so the company is stating to the government that they had a loss of money on your account, which means a tax break for them. However, note that this does not mean that the creditor will stop collection efforts in order to recoup their money. If they can scare you in to paying the debt all they have to do is report to the government that they now have income from this debt. The same rules apply to a profit and loss account, which is the same thing as a charge-off account. Repossessions When one thinks of a repossession, they usually think it is on a vehicle because payments have not been made. However, additional items can also be repossessed. For example, furniture can be repossessed if you were using it as collateral or if you purchase furniture on a payment plan from a furniture company. If you default, they can take back the furniture and list a repossession on your credit report. It scores a "9" like all the other bad debts. A repossession like this may prevent you from qualifying to purchase a new vehicle even though the repossession was not that of a vehicle. Foreclosures A foreclosure, usually thought of for a home loan, can also be for other types of loans. Most people will file a bankruptcy before allowing their home to be taken from them. Bankruptcy was devised to prevent creditors from taking your possessions. With the new bankruptcy laws it is very important that you consult with an attorney when anything affects your ability to maintain payments on your credit accounts as you should do whatever is necessary to protect your assets. A foreclosure is a "9" rated account. The following items are negative public records which appear on credit reports: Liens A lien is normally something a government entity issues for non-payment of taxes. A lien can actually halt all credit activity even if your credit is otherwise in good standing. In other words, a new creditor is not going to feel secure giving you a loan when you have a lien that could take your property from you, especially if you are applying for a home or auto loan. Even if you are able to remove a lien from your credit reports, there will be another posting of the lien in a government lien search, which means if you are trying to get a government loan, such as a student loan, FHA loan, VA loan, a small business loan, etc., it will be found when they do this search. Judgments A judgment is usually a bad debt taken to the next level. For instance, a suit will be filed with the court by your creditor or a collection agency to try and retrieve money. Some creditors are now taking cases to arbitration (it is stated in your card agreement that they can allow a mediation company to decide the fate of a bad debt). You will first receive a notice of either arbitration or of a court date. These notices are sent via certified mail or other verifiable methods. In either case you need to follow the directions and respond if it is arbitration or show up in court if it is a suit so that your creditor does not win the case by default judgment (if you show up at least you have a chance, if you do nothing you have no chance at all). Judgments are rated as a “9” and negatively affect your credit. Some creditors will not grant loans to those with judgments on their credit reports. Bankruptcies Bankruptcy is another negative public record item. However, individuals who have filed bankruptcies can obtain a fresh start with their credit if they clean up their reports after filing the bankruptcy. If this is accomplished, an individual can score just about as high as someone who has never filed a bankruptcy and has no bad debts. Bankruptcy was devised to give people a way out of debt. By giving you a way out of debt you have also been given the way out of a low credit score but only if your credit reports are cleaned up. If you do not clean up your credit reports, you may not be able to obtain credit for seven years or more. However, the average person who files bankruptcy and cleans up their credit reports gets credit within six months to a year. This is the little-known fact of bankruptcies but those who figure it out are buying homes and cars after basically filing bankruptcy just a few months ago. Child Support Defaults One of the worst bad debt situations is unpaid child support payments. Not only can your wages be garnished (money taken directly out of your pay checks by your employer before you are paid), you can be arrested and put in jail for failure to pay child support. In addition, defaulted payments are never removed from your credit reports until they are paid and, even then, this process can take seven years. Government Student Loans A student loan from the government is probably one of the most destructive loans you can have once you default on them. Not only do defaulted student loans remain on your credit reports for life if unpaid; they can multiply. Student loans are reported by the student loan company in semesters, so each semester shows as an individual student loan and will be reported as negative information on each loan even if you pay only one of the loans late. Each defaulted student loan will now become negative. If you continue to default to the point of collection status then all student loans will go to the same status. It becomes even worse once you have defaulted for a few months as the student loans will now become negative through another student loan company and by more down the road if left unpaid. When a new company picks up the defaulted student loans they will report them all again as defaulted student loans, so you could end up with 20 collections for four student loans. The best way to resolve student loan debts is to call the student loan company and ask to be put on a student loan rehab program. If you get on a student loan rehab program and make your payments on time they will remove all negative information about your student loans, which will get you out of the cycle of collection accounts. Our Process Maintaining a clean credit report is vital to one’s financial well-being as it can affect ever aspect of our “financial” lives, including denial of credit, a loan or even employment opportunities. We are a consulting company specializing in improving your credit positioning. We consult with clients on their credit profile, analyze their credit profile, and verify former addresses, employment and aliases listed on their report. We check the validity of accounts, balances shown, days outstanding and related items. For those clients who have erroneous or inaccurate information in their credit profiles, we prepare letters with the corrections and send them to the Credit Bureaus (Experian, Equifax and Transunion.) If there are no corrections needed, then we work with the Creditor to verify those accounts identified as inaccurate, outdated, misleading or unverified. Every time an action is performed on your behalf, you will receive notification by email or regular mail describing the steps taken. We want you to be a part of this process. It is your credit profile we are trying to improve so it is important you are aware of how to manage your accounts in order to achieve the best possible credit score. Our system and procedures specifically request that the Credit Bureaus comply with the Fair Credit Reporting Act (FCRA) as well as others. A consumer has the right to full disclosure of the documentation being used to determine the validity of those accounts listed on his/her reports. We will not knowingly do anything that violates the law as it is written. We comply with all federal and state laws governing the Credit Services Organization Act. We are here to assist you with improving your credit score through accuracy and education. It is simple to start. Just take the following steps:
The CLIENT(s) agrees to do nothing to lower their credit scores. This includes, but is not limited to, not allowing companies to check their credit history, paying all their bills on time, not making a major purchase on credit (i.e., a new car or furniture), and not significantly increasing the balances on their credit cards or charge accounts of any kind. All these items can adversely affect your credit scores. The CLIENT(s) agrees to forward all correspondence prepared by Green Tree Financial to the credit bureaus and also agrees to forward all correspondence received from the credit bureaus to Green Tree Financial. CLIENT(s) also agree to stay in communication with Green Tree Financial throughout the entire process. Notice: As a consumer you have the right to review and dispute the completeness and accuracy of any file of yours maintained by any consumer reporting agency and receive a copy of that report containing all information in that file, as provided under the Fair Credit Reporting Act (FCRA) Section 609. A free copy of this report will be provided by the consumer reporting agency each year to the consumer within thirty (30) days if requested by the consumer. You also have a right to a free copy upon request within (60) days of being turned down for credit. Notice: We want you, the CLIENT, to know that you can do all we do on your own. We do not have a magic solution. What we have is a proven Legally Formatted Dispute System that has worked for our clients. Notice of Cancellation: You may cancel this contract without penalty or obligation at any time by E-mail, phone or in writing prior to midnight of the third (e) business day, from the signing of this contract. Upon receipt of your signed cancellation notice, return all original letters, and written information provided by Green Tree Financial to our Processing office at 2101 El Camino Real , Suite 205, Oceanside, California 92054. Any payment made by you under this contract will be returned within ten (10) business days. Our Guarantee We are so confident that we can improve your credit positioning with all three credit bureaus within 180 days that if we cannot we will return our service fee. We guarantee that we will work your case with maximum diligence. When dealing with so many variables, we cannot guarantee the exact outcome of a client’s case. The client must agree to follow our instructions, which includes not allowing companies to pull their credit unnecessarily, not applying for new credit unless absolutely necessary, not making major purchases on credit cards or increasing balances on existing credit cards unless absolutely necessary and the client must send all correspondence received from credit bureaus to our office within seven days of receipt. FAQs Q. Is it legal to remove negative or derogatory items from my credit report? A. Absolutely. Your right to dispute items on your credit report is explicitly granted by the United States Congress in the Fair Credit Reporting Act (and other laws). Unfortunately, because it requires extra work to investigate as the law mandates, the credit bureaus would have you falsely believe that there is something wrong with disputing items on your credit report. Q. How long does this process take? A. You should see your first results within 21 to 35 days. We feel confident that a significant portion of your results will appear within the first 60 days. However, your participation in this process is equally important. This is a detailed and skilled procedure which may take up to 180 days to achieve the results you are seeking. Q. Is it really possible to repair credit? A. Technically, no. For example, Federal and State laws prohibit us from saying that removal of all negatives can be guaranteed. Yet, any information, no matter how accurate, which cannot be verified within a reasonable amount of time according to law, CANNOT be included on your credit report. Q. Will deleted items reappear? A. While rare, there are times when a credit will eventually verify information that has already been deleted from your credit report. The federal law requires a credit bureau to inform you prior to re-listing a previously deleted item. This same federal law makes it more difficult than ever for a credit bureau to re-list a deleted item. Therefore, although it is technically possible for a deleted item to reappear on your credit report, it is highly unlikely. If an item reappears on your credit report we can again dispute it at a future date and work towards a permanent deletion. Q. Can I apply for new credit during this process or should I check my credit regularly? A. We ask that you do not apply for new credit unless it is absolutely necessary during this process. In addition, you will be supplied with updated credit reports as the negative items are removed. Q. Should I continue to pay my bills? A. Whether an item is deleted from your credit report or not, if the underlying debt is still owed you are still responsible for it. Removal of such an item from your credit report is only a temporary solution. If the debt is still accurate and owed, the creditor or collection agency can, and most likely will, re-report the item to the bureau. Q. If I pay my bills, will my credit improve? A. Unfortunately, it doesn’t work this way. When you pay down an existing debt the negative item in your credit report doesn’t go away with the debt. Instead, when you pay this debt the creditor will report this payment as late and the seven-year time period will re-start. So, even though you have paid, they will report it as a late payment. Even worse, generally a current negative listing is not treated any better than an unpaid negative listing. Therefore, you get no bonus points in respect to your credit report for doing the right thing and bringing your account current. Q. Are there any items which are hard to remove, such as bankruptcies, repossessions and foreclosures? A. No. Any unverifiable, inaccurate, outdated or misleading item can be removed. Bankruptcies, repossessions and foreclosures are considered negatives and derogatories just like a late payment, though more severe in the amount of points deducted from your credit score. Often times these items can also be removed. Q. Do you guarantee your work or warranty your services? A. Yes, we do. If we don’t improve your credit positioning with all three credit bureaus within 180 days then we will return our fee. We guarantee that we will work your case with maximum diligence. Q. How will I find out about my results? A. You will receive all results first-hand by mail from the creditors and the credit bureaus. You will need to forward the originals to us by fax, e-mail or U.S. mail. Q. Do I need an attorney to represent me? A. No. However, we work with many attorneys and if a situation arose that required legal counsel we have experts we refer our clients to. |
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