Defeat Debt with Credit Advisors
Your monthly statement is enclosed.
Please verify your payment is properly credited! Compare your
billing statements to your Credit Advisors statement.
Make sure your creditors have given you credit for the payments we
sent to them. Contact us, if you notice any differences.
If a creditor calls you, tell them you are now with a credit counseling agency and they should call 402-393-3100. Give them your client number and the name of your account manager.
Very Important Notice*****
End of Month
If you need to make a change to your EFT payment,
send WRITTEN NOTICE to us no less than 10 business days prior to
your pull date. Our fax number is 402- 393-4141. After faxing, wait 30 minutes then call us to verify your
request has been received.
order or Western Union payments must be in our office by 10 AM July 20th to be
processed for end of month. NO personal checks, thank you!
advised, in the event an electronic funds transfer (EFT) or bank account has
one of the following challenges, a charge will be assessed to your CA account.
FICO CREDIT SCORES START
REVEALING SECRETS TO CONSUMERS
By The 2000 Tribune Media Services, Inc
do lenders look at when deciding whether to approve a loan? Typically,
lenders making almost any kind of credit decision will look at a variety of
types of information, including one or more credit scores. While there are
many kinds of credit scores, the most frequently used are credit bureau risk
scores developed by Fair, Isaac. These are commonly known as FICO® scores,
although they have different names at each of the national credit reporting
for about 35% of the score. It’s the main thing lenders look at.
Just because a person always pays their bills on time doesn’t
necessarily mean they will end up with a high FICO score.
Payment records are only part of your track record.
A 30 –day late payment made last month counts against your score
more than a 90-day late payment from 5 years ago.
The biggest black marks are items on the public record, such as
bankruptcies, credit related judgments, collection items, suits and liens.
much you owe on credit makes
up 30% of your score.
Having several open accounts could easily cause you to over extend
other words FICO considers “How much is too much.”
of credit history
accounts for 15%.
How long have your accounts been established? How old is your oldest
the average age of all your accounts?
much debt you’ve been taking on
represents 10% of your score.
For instance, how many credit applications have you filled out
lately? (Lenders always make inquiries to credit bureaus, these all go on
If you had an earlier credit problem, did you reestablish your credit
and make timely payments? If so, your FICO score can raise.
types of credit you
have accounts for 10% of your score.
They compare credit cards, installment loans and mortgages.
They look at how many of each you have.
whos who and the whats new in the creditor world of today!)
BANK-PARTNERS FIRST-BANK OF BOSTON-WACHOVIA-FLEET
an account on your debt management program is now, or at one time was,
handled by one of the above listed banks, please send a copy of a current
billing statement to:
FAX TO 402 393 1579 ATTN: CREDITOR LIAISON
a series of mergers and portfolio acquisitions, these creditors have
combined and sold off portions of their credit card holdings to one another.
In some cases, the banks have been forwarding payments sent to them
to the new holder of the account without notifying Credit Advisors that the
account has been sold.
Rather than have delays in posting, or lost payments, CA would like
to ensure that your payments are indeed going to the correct creditor.
Usually, we can sort these out by the first few digits of your
account number, but in this situation, the creditors are continuing to share
BIN #’s rather than assign new account numbers to the accounts over and
over as they transfer from one bank’s ownership to another.
news! From now on, Cross Country will (upon approval of a proposal and
posting of the first payment at the new proposed amount) reduce interest to
10%, stop over limit charges and late fees, and re-age your account after
three consecutive payments have been made.
This is great news for anyone who was still getting regular calls
from the collection department above over limit amounts even after the
proposals had been accepted.
Check your statements and give us a call if you need follow up on a
Send StatementsYour creditors DO NOT send us copies of your statements!!! We need to hear from you about creditor statement balances!
Please e-mail, fax, or mail us copies of your creditor statements every three months.