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The Importance of Credit Repair and Restoration Instead Of Bankruptcy Or Debt Consolidation



ROSEVILLE, CA / ACCESSWIRE / July 22, 2021 / Credit is a necessary part of life, and having a lot of debt, or bad credit can greatly impair what people are able to do in their life. This financial handicap can follow a person their entire lives, preventing them from buying homes, cars, starting businesses, traveling, even getting hired for certain types of jobs. People often hastily file for bankruptcy or, worse, hire a company to do a debt consolidation situation, hoping it will be a reset to a better financial standing. Gerard Brazil, founder of Paradigm Credit Repair works with clients in a different way, helping them repair and restore their credit through a different course of action, and provides education to clients so that they do not find themselves in a bad credit pit again.

There are those out there in the financial world who advise never to use any credit, and for a certain very small ultra-wealthy demographic that may be feasible, for the great majority of us, however, credit is needed. Anytime someone purchases a home, leases or buys a car, wants to start a business, go to college, pretty much anything one does in life is going to require a decent credit score and clean credit report. It is extremely easy to mess up a credit score, and very difficult to get that score back up once it is tarnished. Your credit report will follow you, and every time someone checks it they can see your payment history for most of your adult life. This report essentially is like a credit resume: it shows people what your history with credit and debt, and payment is.

“Think of it as if it were your child, who you let borrow the car, and said be home by 10. If they come home at 10 every time, you feel comfortable letting them. use the car. But if they come back at 12 or 1, well then, you may not let them borrow the car anymore because they have now given you reason to lose trust in them. Credit works similar to this, it’s about how trustworthy someone has been in the past in order to weigh the risk in the future,” says Gerard.

Once someone decides they want to fix their credit they have a few different options. Some folks will choose bankruptcy, and for some, it may be the only choice, however, it will be devastating to credit scores and, in some cases, does not wipe away all debt. Debt consolidation, which many people try, is not what it seems at face value, and often leads to people paying double, triple, even quadruple what their original debt was.

“In my opinion, it is one of the worst options, even more so than bankruptcy,” says Gerard.

At Paradigm, the approach is different and focuses on clearing derogatory accounts on client’s credit reports, then helping them build up better credit. There are many ways to do this, and the team focuses on the highly effective, legal, and advanced techniques to help people repair and regenerate their credit, helping them get into better financial standing.

“We really take pride in the fact that we only use 100% complaint-based, factual disputing methods to dispute derogatory items from client’s credit reports. We use advanced techniques, based on our extensive knowledge of the laws that protect people from credit bureaus and data furnishers,” says Gerard.

Paradigm uses the power of laws like the FCRA, FACTS, TILA, FCBA, UCC, FDCPA, RESPA, and other credit reporting governance laws to aid in disputing charge-offs, late payments, repossessions, student loans, forecloses, short sales, late mortgages payments, and more. 79% of all credit reports contain errors. Paradigm specializes in finding ways to help people get back to a place where they can be proud of their credit score and report.

Personal credit repair is just a stepping stone when it comes to Paradigm’s services. Many of their clients that are business owners cannot access funding or loans that normally would be available to them. Paradigm is capable of creating full Business Credit Profiles for their clients which ultimately produce a high business credit rating (also known as a Peydex score) that would allow access to multiple lending options for business growth.

Paradigm was started eight and a half years ago, after Gerard went through the credit repair process himself, and realized there were a lot of companies doing it the wrong way. Learning from his own experiences, he decided to become an expert in credit repair to help other people. Giving back is a huge priority for the company. In 2018 after the fires in Paradise, Gerard knew many people, including family members, who lost homes and got insurance payouts that were not equal to the value of the home they lost, and needed to take out loans to get a new home. Once there they found themselves faced with challenging credit issues and in a very tough spot. In 2018, Paradigm offered free services to victims of the fire and helped 37 clients get their credit repaired, enabling them to get into good loans for new homes.

Paradigm operates on a flat-rate model, there are no membership fees or monthly costs, with the average time taking only 3-5 months. Connect on their website (, social media, or email [email protected] to learn more and get your journey to credit repair started off on the right foot.


Company Name: Paradigm Credit Repair
Contact Person: Gerard Brazil
Address: 2998 Douglas Blvd, Roseville, CA 95661
Phone Number: 916-546-3761
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SOURCE: Paradigm Credit Repair

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How Does a Secured Credit Card Work? | Credit Card News & Advice



Building credit from scratch is often referred to as a chicken-or-the-egg problem. If you don’t have a credit history, it can be challenging to get approved for a credit card. But if you don’t have a credit card, it’s hard to build a credit history.

Here’s where secured credit cards can save the day. It’s possible to be turned down for a secured credit card, but if you’re approved for one, it’s a good way to get started on your journey to great credit.

We’ll start with the basics and work our way up to the advantages – and disadvantages – of secured credit cards.

There are both unsecured and secured credit cards. An unsecured credit card doesn’t require a deposit to get approved for the card. The top unsecured credit cards from major issuers are typically used by those who have at least fair credit. There are some unsecured credit cards available for those with zero or bad credit, but they tend to have high interest rates and fees.

Due to the cost of unsecured cards that target those with little or bad credit, many turn to secured credit cards. Secured credit cards do require a deposit, usually ranging from $200 to several thousand dollars, depending on the deposit requirements of the issuer.

The deposit stays in an account, and the purpose of the deposit is to decrease the risk for the lender. If you don’t pay for the purchases you made with your secured credit card, the financial institution will use your deposit to pay it off.

When you get approved for a secured credit card, you’ll receive a credit card that looks just like an unsecured credit card. There’s no visible clue that the card is secured.

The amount of your security deposit is usually equal to the credit limit for your new secured card. You’ll use your secured credit card just like you would an unsecured card. You can use it for purchases everywhere that accepts your secured credit card.

Just to be clear, your security deposit stays in an account with the issuer. You’ll make payments on your balance from one of your own bank accounts. So, you’re actually buying things on credit.

Most secured credit card issuers report your payment history to the three major credit bureaus: Equifax, TransUnion and Experian. If you can’t find confirmation on the card’s home page that payment history is reported, call the issuer to make sure it’s the policy.

When your secured card’s bill comes, you must pay the bill by the due date. If you pay your balance in full, you’ll avoid paying compound interest. If you consistently make on-time payments and keep low balances on your card during the month, your credit score will begin to increase.

Secured credit cards have many advantages, but there are also downsides to this type of credit card.

  • Secured credit cards help you build credit and develop a good credit score.
  • Secured cards help you learn how credit works. And since the credit limits are on the low side, it helps to minimize your risk of getting into debt.
  • Some credit card issuers will promote you to an unsecured credit card. Not all secured card issuers have unsecured versions, but many of them do.
  • When you’ve built a good credit history and you’re ready to upgrade to an unsecured card, you can get a refund of your deposit.
  • Many secured credit cards offer rewards and benefits.

  • You have to make a security deposit, and this ties up your money for the life of the secured card.
  • Some secured cards have many fees, so you have to read the fine print carefully.
  • You’ll probably have a low credit limit, but this is often a good thing while you’re getting comfortable using credit.
  • Some secured credit card issuers don’t offer unsecured versions, which means you have to apply for an unsecured card from another issuer.

I know it’s difficult to build credit or to come back from a poor credit score. A secured credit card can be a great option, but be sure you read all the disclosure statements and understand if there are fees involved. After about a year of responsible use, you’ll probably have at least a fair FICO score (580-669), which is good enough to make the leap to an unsecured credit card.

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Review: Bank of America® Customized Cash Rewards Credit Card for Students



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Now that most students are starting to return to in-person school, many young adults and their parents are once again looking for the right credit card. Having a credit card offers students a secure and convenient method of payment. It also helps students build credit and even earn some rewards. The Bank of America® Customized Cash Rewards Credit Card for Students excels at all of these tasks.

Key Terms

  • Welcome Bonus: Earn $200 cash rewards after spending $1,000 within 90 days of account opening.
  • Rewards: Earn 3% cash back in the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Receive 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases.
  • Annual Fee: None
  • APR: 13.99% to 23.99%
  • Promotional Financing Offer: 15 months of 0% APR on both new purchases and balance transfers.

How This Card Works

This card is a very competitive rewards card, especially for a student card. New applicants earn $200 in cash back after making $1,000 worth of new purchases within 90 days of account opening. You also earn 3% cash back in the category of your choice including gas, online shopping, dining, travel, drug stores, or home improvement/furnishings. Additionally, you earn 2% cash back at grocery stores and wholesale clubs and 1% cash back on all other purchases.

But rewards shouldn’t be the most important thing to students. Instead, consider this card because it’s very easy for Bank of America customers to manage, along with their checking and savings accounts. It also helps students to build their credit by offering them a free FICO score each month. It’s compatible with digital wallet technology and can be managed by a full featured mobile app.

New accounts also receive 15 months of 0% APR financing on both new purchases and balance transfers, and there’s no annual fee for this card.


While most student credit cards are very basic, this one comes with generous rewards, including a new account bonus. Other advantages are its promotional financing offer and free monthly FICO score. There’s no annual fee for this card, but that’s expected with a product designed for students.