While science, math, and precision may be daunting to some, entrepreneur and digital investor Mac Angelo holds the power of numbers. Mac rose through the digital space ranks from someone who was merely interested in helping people fix their bad credit to an investment powerhouse and creator of unique systems that he applies in his company, LevelXstream.
To date, Mac has helped countless people. “Many of my clients come wanting to fix their credit. They come in with say, 500s or low 600s in their credit. The first thing we do is help them wipe that slate clean. We use systems created in-house that nobody else utilizes. I guess you could call them revolutionary. I use my ‘Application Sequence’ a lot. This system pretty much cleans up your credit score and sets you up to be eligible for funding,” explains Mac, adding, “I love math. I’m not one for emotion, you see. I love how precise numbers are. I’m logical, and I love spotting the patterns, of which there are many. Banks use various systems to evaluate people. I enjoy deciphering those and improving them to help my clients.”
For Mac, credit repair is just a part of the overall picture. He truly enjoys helping people understand investment and how they can utilize their money in the best ways possible. His company helps its clients secure funding, and that sometimes goes as far as $100,000 in a single day, or $10 million for a company.
When it comes to risk management, Mac believes that each situation needs to be assessed individually. “Each client will have a different level of risk tolerance. You can’t invest as aggressively for everyone because they each have their own unique situation. For example, one person may want to add more real estate to their portfolio, while for another, that would be cryptocurrency. The important thing is to have a solid strategy,” he remarks.
Mac makes a point that risk is a massive aspect in digital investments. “Long-term investments are less risky, and vice versa. The important thing is that people get exposed to this kind of investment and begin to understand it because this is the future,” says Mac.
Mac Angelo has big goals. He wants to build a reverse-model lending bank. He wants to help the masses understand credit and encourage them to improve their situations in spite of having a bad credit score at one point or another. “People deserve a second chance,” he explains, adding that there’s more to credit than just numbers. Credit encompasses societal issues and is merely a reflection of those, which is why providing education is so crucial. “Credit isn’t the most perfect system, unfortunately, when it comes to reflecting society and how things are going. It’s definitely a good indicator, but not a perfect one by far,” he muses.
For more news, updates, and expert tips on digital investing, follow Mac Angelo on social media.
Amazon com : Meet Arian Eghbali the Man Who is Changing the Financial Industry
CA, USA –
While living in LA, Arian noted that many Iranians who never had to deal with credit and financial related issues in their home country, had difficulties with maintaining, managing, and utilizing their credit and finance. Arian noticed that many in the Iranian community were victims of the financial system in America, due to their lack of sufficient knowledge of the said system, and this matter affected every aspect of their lives in negative ways. Arian decided that it was time to start his next endeavor. He founded The Credit Repair Specialist; the first credit repair company in
The response from the community to Credit Repair Specialist, which in 2010 became Enrich Financial, was so positive and the service by the company, so satisfying, that it didn’t take long for Arian to expand the company and have branches in
Arian’s book, Build Better Credit to Build a
Being a pioneer, Arian founded and is the CEO of the newsletter,
Always a patron of arts,
Arian has received certificates and recognition letters from other American Politicians, such as
In 2016, Arian was awarded Certificate of Special Congressional Recognition that highlights his company’s invaluable service to the community and appoints Enrich Financial as the top credit repair company in
For over a decade,
Under Expanded Consumer Protection Authority, the DFPI Launches Investigation into Multiple Debt Collectors
SACRAMENTO – The California Department of Financial Protection and Innovation (DFPI) today announced an investigation into multiple debt collectors potentially engaged in unlawful, unfair, deceptive, or abusive debt collection practices in California based on consumer complaints. The DFPI is issuing subpoenas to a dozen companies with significant California customer bases, representing the first major action to be taken under the expanded oversight and enforcement authority of the California Consumer Financial Protection Law (CCFPL).
The new law, which went into effect Jan. 1, 2021, allows the DFPI to oversee previously unregulated financial products and services and enforce laws prohibiting financial service providers from using unlawful, unfair, deceptive, and abusive practices.
“We take our expanded responsibility very seriously and are moving swiftly to ensure debt collectors do not violate the rights of California consumers,” said DFPI Commissioner Manuel P. Alvarez.
Subpoenas were issued to the following companies: Portfolio Recovery Associates, LLC; Encore Capital Group; Midland Credit Management, Inc.; Midland Funding, LLC; Atlantic Credit and Finance, Inc.; Enhanced Recovery Company LLC; Resurgent HP LLC and LVNV Funding LLC; IC System, Inc.; The Offices of Morgan and Moss; Convergent Outsourcing, Inc.; Spectrum Billing Services; and Monterey Financial Services LLC. Responses to the DFPI’s subpoenas are due in mid-February.
The subpoenas request documents illuminating how the companies collect debts and communicate with consumers. Both California and federal laws prohibit debt collectors from calling repeatedly over a short period of time to annoy or harass, threatening harm, calling at inconvenient or unusual times, or attempting to collect on a debt that a consumer does not owe.
Consumers from around the country have filed complaints against the debt collectors under investigation by the DFPI. Among other things, consumers allege that these debt collectors call repeatedly, fail to validate debts, and threaten to sue the consumers for debts they do not owe.
The new Debt Collection Licensing Act or SB 908 requires California debt collectors and buyers to apply for a license from DFPI by Dec. 31, 2021. It will also give consumers a single location to check whether companies are licensed, and whether they have been subject to any enforcement actions, including license suspensions or revocations.
The DFPI will begin accepting applications for debt collector licenses in the late summer or early fall of 2021. The DFPI expects to review those applications and begin issuing licenses in 2022 and 2023.
The DFPI licenses and regulates financial products and services, including state-chartered banks and credit unions, student loan servicers, money transmitters, the offer and sale of securities and commodities, investment advisers, broker-dealers, broker-dealers, non-bank installment lenders, payday lenders, mortgage lenders and servicers, escrow companies, Property Assessed Clean Energy (PACE) program administrators, the offer and sale of franchises, debt collectors, rent-to-own contractors, credit repair and consumer credit reporting agencies, private school student loan servicers, debt relief agencies, and more.
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