Credit Development

Folks having a tough time and who have challenged credit as a result need real help. They don’t need to be taken advantage of by “monthly credit repair” companies.

HOW THEY DO YOU

These companies make their money off of the fact that the credit bureaus process credit changes and change a person’s scores very, very slowly over time. So most “credit repair” companies charge you monthly. Here’s what they do: They send dispute letters to the credit bureaus for all of a person’s negative accounts every month because under the law, the bureaus must re-verify the accuracy of any disputed account within 30 days or it’s automatically deleted. That’s the game. They try to overwhelm the system with letters so that once in a while, one makes it past the 30 day limit without being re-verified and that negative account gets deleted. But all the while they are charging you monthly. And it takes years to get the credit “repaired”.

HOW HOMESTART DOES RIGHT BY YOU

• At HomeStart you pay by the credit item that’s negative, not by the month.

• At HomeStart we get you settlements on collections and only if you want them.

• At HomeStart we negotiate deletions from your credit report directly with the creditors

• And at HomeStart, the worse your credit is, the less you pay per credit item - because it’s the right thing to do.

Our Credit Development services include:

• Removal of inaccurate, derogatory, outdated and damaging credit information;

• Removal of the above at all three national credit bureaus;

• Superior negotiation services for collections, charge-offs, repossessions, broken leases and other derogatory items;

• Per-item charging and you only pay if we succeed; and

• Fast development of credit - depending on client participation, it can all be done in less than a month.

We charge one, flat fee for every three (or part thereof) credit items that need to be either developed, improved, negotiated, removed or aged off. A credit item is considered one creditor’s numbered, account data line on a credit report. Unlike other credit assistance companies, at HomeStart - Regardless of how many credit bureaus the creditor reports to for that item, HomeStart still considers that just one item. And if we charge for difficult settlement negotiations, we will negotiate away at least twice as much collection debt as we charge for a “Settlement Surcharge”. So even if the settlement negotiations are a nightmare, and we charge a surcharge - the client only pays half of the amount we got the collection item reduced by. And the client is always in control. If you don’t wish to (or can’t) pay the settlement - the surcharge is removed.

See below for pricing and for refunds available to clients of Mortgage Portfolio Services.