Executive Private Investment Funding Co., LLC

Credit Restoration

In your financial life, the most important asset you will ever own is your CREDIT
Very few people can ever pay cash for the things that are most important to us, those things that we need or want, those things that are or may become part of our legacy. However, the vast majority of people can afford to acquire what we want... we simply need to pay for it over time. Generally we all need some form of credit.

Credit allows us the freedom to live our dreams!

What are the costs and rewards of GOOD vs. BAD CREDIT?
With good credit you can purchase goods using credit and pay it off within 30 days of purchase at NO INTEREST COST! And in some credit card circles you can squeeze as much as another thirty (30) days into the "float" at NO INTEREST COST. If you carry a balance on your credit card the interest cost will be that which is charged by your credit provider: the best credit history payor's being as low as 0.00% and the worst as high as over 100%! (if you can get it).

Mortgage credit costs are priced the same way as credit cards and auto loans.
With good credit you will never have to pay more than CURRENT MARKET RATES and you will be able to secure a highly leveraged new mortgage. With a less than perfect to very poor credit history, you will be very fortunate to secure any form of financing without making a substantial cash down payment (minimum of 10% of the value of the property, and as high as 30%-40%!).

Allowing your mortgage to become in default and/or to advance into a foreclosure status will cause your credit score to drop by 80 or more points!

CREDIT RESTORATION CAN ONLY BEGIN WHEN YOU TAKE THE STEPS NECESSARY…
AND DO SO…TODAY!

You MUST take the following steps to immediately begin RESTORING your GOOD CREDIT

• Stop all late payment history: bring all past due accounts current
• Do NOT fall in the "rolling 30 day late" trap
• Secure all work out programs in writing, showing new payments as current
• Secure payoff agreements on all collection and charge off accounts: You can do so at discount if you negotiate "right"
• Get agreements in writing and include Credit Bureau "cleansing"
• Get a copy of your "Tri-Merge" credit report and protest all negative entries
• Make sure all settled accounts show as "Paid" in your credit report
• On all future monthly payments, pay MORE than the minimums
• Do NOT apply for ANY new credit until 80% of your existing credit is paid
• e.g., auto, credit cards, department stores, ANYTHING on credit
• Make all future payments to be received on the due date or prior thereto
• NEVER FILE FOR BANKRUPTCY just to stop a foreclosure proceeding
• You are much better off to re-finance, secure alternative financing, or liquidate out of the property and payoff the mortgage. Remember….

IF YOU HAVE A MORTGAGE ON YOUR HOME… YOU DO NOT OWN YOUR HOME…
THE BANK DOES!

A mortgage allows (provides a privilege to) the consumer to merely "rent" a property from a lender at essentially the same price for 10-15-20-30 years. Therefore, all of us who have a mortgage are merely tenants who assume more liability than regular renters.

What is critical is that as a mortgagor (borrower and property title holder) the same privilege freezes and even reduces the principal cost of the securing property, thus providing you, the consumer, with a tremendous inflation hedge… one that you will want to preserve as all times.

Filing Bankruptcy merely "delays" the Mortgage Lenders "right" to sell the asset that secures the mortgage. Having a Foreclosure and Bankruptcy on your credit file may likely haunt you AND certainly will cause added cost to you in a multitude of ways for up to the ensuing fifteen or more years of your life! Implementing foreclosure alternatives and/or bankruptcy alternatives will give you opportunity for credit score recovery in as little as 12 months!

If you allow your home to go into DEFAULT and subsequently into a foreclosure action, you will likely not be able to secure any new mortgage financing for as many as FOUR YEARS. This will affect your buying power, tax savings, and... Your ability to prosper!