About Creditors – mycreditfixer.com

WHAT CREDITORS DO NOT WANT YOU TO KNOW AND WHY

CREDITOR’S PHILOSOPHY

Very simple, they are in the business to make money. More you owe, the more money they will make. Unsecured loans and credit facilities are granted to you based on your credit scores and debt loads. Secured loans like home equity loans, mortgages are the lowest interest loans, however you will still have to qualify to get approved. No matter what, the longer you owe them, the more profit they will make.

MOST EXPENSIVE

Credit cards, and department store charge cards are the most expensive, providing convenient payment solutions as money is ready available. Credit limits can be extended over longer periods of time when you have proven to be a good spender and your repayment stability is proven. They become even more dangerous when you obtain additional cards to pay for credit on other cards. Soon you will only be able to pay minimum monthly payments, setting yourself up for ever increasing debt.

LESS EXPENSIVE

Secured lines of credit, home equity lines of credit, and mortgage loans are the cheapest way to borrow for whatever reason: business, renovations, children’s tuitions, travel, and to pay off high interest credit card debts. To effectively turn high interest unsecured debt into a low interest secured debt requires an expert to set up a plan, work out a solution, and help you to execute it precisely. We encourage you to use our FREE consultation option, where you can have an expert to analyze your situation, provide you with a plan, and help you become debt free.

CREDIT REPAIR PROCESS

Not everybody’s situation is the same so there is no general plan that fits all. There are no miracles or overnight solutions but expert, seasoned professionals with many years of experience can provide you with a way out. The road is bumpy, but nothing is impossible.

TOOLS WE USE

We renegotiate your debt and make a settlement agreement with your creditors
We determine your equity position, obtain you an equity loan, second or third mortgage
You pay off all bad debt on your credit bureau, consolidate the rest and maintain the good debts
You will work on your credit bureau to elevate beacon score to desired level
Once your credit score has improved, we will arrange a new, low interest mortgage by consolidating your existing mortgage and all leftover debts, thus replacing high interest debts with low interest debts and saving you thousands in the process

Suddenly your high interest debts have been replaced by low interest mortgage debt –
the cheapest money you will ever borrow –
and you’ll save thousands over the years to come.