On Wednesday October 7th, 2009 Mr. Mike Toloff and Parimal Naik Co-Founders of VR-Tech Marketing Group, LLC made a major announcement regarding the new business structure of VR-Tech. In the next 3 to 6 months VR-Tech Marketing Group, LLC will become a Sub Based Federal Credit Union. This will provide us full exemption at a Federal and State level with Regards to credit. All existing agents and new agents will have full access to resources of this employee owned Credit Union.

Other notable information on the call:

• Continued and stable growth for over 7 years
• 1.4 million items deleted from consumer credit reports
• Only 3% of the population has a Last Will and living Trust
• $1.m dollars being deposited monthly in the Accountnow program
• New move to 10K sq ft state-of-the-art facility

Mike also stated that one of our biggest accomplishments as a company is maintaining our A rating with the BBB.

To here the call in it's entirety click the link below:

VR-Tech Marketing Group - Conference call

Mark Bustamonte
Sales Director
VR-Tech Marketing Group
954-707-2932 Direct
www.vrtmg.com/mbustamonte

Credit Repair is the process of restoring ones credit. The methods used to restore ones credit requires the application of several strategies. The first part involves the review of ones credit report for visible errors or mistakes, such as incorrect names listed on the reports, addresses that are incorrect, social security numbers or dates of birth that are incorrect, accounts that are listed incorrectly. These are just a few of the cursory checks that need to be made.

The 2nd part of the process involves the disputing of any negative information that is on the report whether known to be accurate or not. The reason for disputing ALL negative information is not to challenge the actual event, but to challenge the verification process used to place the information on the credit report. Bottom line – Was the information reported on the credit report verified?The importance of this is that it is a known fact that the credit reporting agencies have had a high number of incidents where information being reported is not verified and is incorrectly placed on a unsuspecting consumers report.

The 3rd and most important part of the process is education. If you do not education yourself on all things related to improving and maintaining your credit scores then you will not have long term success. Part of the education process is learning the necessary disciplines to assure your success. One of those disciplines is monitoring your credit. It's like going to the dentist for a check up or taking your car in for a regular tune up or oil change. It's funny how people will schedule those types of activities but won't do a regular check up on there credit reports. More times then not this lack of discipline leads to unnecessary disappointing surprises.

As an example, I currently enrolled a client that had not seen his report in about a year and half and found out that he had a mortgage reporting on his credit report that belonged to his ex-wife. Now even if the courts rules that the wife is responsible for the mortgage, and both parties are on the loan, then the history of the loan will report on both parties credit report whether good or bad. A divorce decree does not supersede a contractual financial obligation. But here's the kicker, my client was never on the loan, only title.

The 2nd issue was that several credit cards his ex-wife had were also reporting on his credit report. My client was not on these accounts, not even as an authorized user. And finally his son who has his name but is a Jr. had an account reporting as well as birth date and SS# on my clients credit report.

Once my client realized this (after applying for a business loan) he took the appropriate action and sent information to the credit reporting agencies to have the corrections made. He included letters from the bank indicating he was not on any of the credit card accounts or an authorized user, copy of mortgage documents showing he was not on the mortgage as well as a copy of his sons drivers license, SS# and credit card statements showing the accounts belonged to his ex-wife and his son.

Unfortunately the responses he received were less then desirable - VERIFIED NO CHANGE!

My conclusion to the Credit Reporting Agencies response was, even though it appears he did everything as directed by the FTC site with regards to disputing information on your credit report he may have sent to much information. The Credit Reporting Agencies dispute departments have daily quota's to meet and depending on the person that received his file for review and their particular case load for the day it may have unfortunately determined the outcome on his dispute.

This is type of occurrence is not uncommon for consumers. The Credit Reporting Agencies failure to comply with the Fair Credit Reporting Act is the very reason the (FCRA) was in-acted in 1970.

Our role (United Credit Education Services) is to assist this busy client that is a business owner and doesn't have the time required to continue or know what to do next to fix the problem.

We have started the dispute process with this client providing minimal information to the Credit Report Agencies to cause them to have to verify the information in accordance with the Fair Credit Reporting Act. We also will continue to dispute as needed every 60 days for the client (client reviews, signs and mails letters). Our letters will reference specific sections with in the Fair Credit Reporting Act letting the Credit Reporting Agencies know why they have to re-investigate and verify according to the FCRA the information they are reporting. The client will be able to track his progress in his secure online account.

Our services will allow the client to do what he does best and needs to focus on - Running his business.

I will post an update as to the results of this client disputes once he receives his updates from the Credit Reporting Agencies.

For more information on our program please visit www.vrtmg.com/mbustamonte

VR Tech Marketing and United Credit Education Services is pleased to announce our free Credit Education/Credit Restoration Webinars for all interested in learning more about Credit and the FCRA and how you can improve your credit rating.

Take Control Of Your Financial Future "Credit Restoration" webinar schedule:

December 10th Tri-Star Consulting Group strategic partner United Credit Education Services will launch its new program MyCare^TM Wills and Trust. MyCare^TM is a program for consumers that do not have a Living Will, Living Trust or a Financial Power of Attorney. This program will allow for the client to complete the required information online. The cost for this program will be $499.00.

The addition of this product to the UCES product line according to UCES Partner, Mike Toloff "Is a part of the strategic plan to make UCES a complete financial services company" Mike also stated "This product has received a very positive response from Corporate entities that were sampled."

United Credit Education Services, a credit repair company started in 2004 was originally denied BBB membership to do the nature of its business being in the credit repair industry. "The BBB had issues with so many credit repair scam companies in the credit repair industry that they were not allowing credit repair companies to become members" said Mike Toloff, "We told them to watch us and see how we conducted business and that's what they did, finally in 2005 they allowed us to become a member and to date we have zero complaints" concluded Mike.

As further testament to UCES goal to become a powerhouse as a financial services provider and the number one credit repair company in the nation, UCES has recently became affiliated with a Federal Credit Union and formed a CUSO, Financial Education Services (FES) in order to maintain CROA compliance as well as offer clients the ability when necessary to open new or additional trade lines through secure credit card program.

United Credit Education Services offers services nationwide.

Additional United Credit Education Services products:

Ultra Score - For Clients that have OK credit but want to go to the next level.

Road Loans - For that have credit issues but are in need of a car loan.

For more information on any of United Credit Education Services (UCES) programs or how you can become a distributor for UCES products please contact:

Mark Bustamonte
Certified Credit Consultant
United Credit Education Services
http://www.unitedcredited.com
mark@unitedcredited.com

866-840-2240 Toll Free

In recent weeks I have had to address the issue of what role the credit repair process plays in helping a person improve their credit rating.

The concept of utilizing credit repair to improve your credit rating is only one part of the puzzle and requires that the client understand that in most cases simply applying the credit repair strategy is not enough. A person must be willing to do other things to outside of the credit repair process to maximize the credit scores.

When you review a clients credit profile to see if they are a good candidate for the credit repair program we must first understand what the total profile of the client is.

• Does the client have a job?

• Do they have any additional accounts open that report to the credit report?

• If so are they able to make monthly on time payments?

• What type of accounts do they have open?

• How old is there oldest delinquent account?

• Do they use a budget work sheet?

• How committed to improving their credit score are they?

These are a few of the questions that are asked in the consultation process to better understand the client capabilities as well as there level of financial education and dedication to the credit improvement process.

It is also important to understand the client's goals and expectations. If you don't know this you are potentially setting yourself and the client up for failure. Clients need to have a realistic expectation of the credit repair process and any changes they may have to make in how they handle there finances.

The credit repair process often requires the client to re-establish new types of accounts to begin the rebuilding process. The effect of good payment history reporting to the credit report along with the deletion of unverifiable, obsolete and erroneous information from the credit report will have a profound effect on the credit scores.

Correcting one's credit in many cases also means re-training a client in the way they handle and think about there finances. United Credit Education Services provides the necessary tools along with the credit repair process that allows a client to get proactive in the credit repair process by providing valuable financial education.

In closing the answer is this; Credit Repair is not the SILVER BULLET. It takes a combination of things all happening at the same time to improve the credit scores. It won't happen overnight, but if you employee a series of tactics, one being credit repair, your chance of success increase dramatically!

Mark Bustamonte
Tri-Star Consulting Group
CEO
http://www.unitedcredited.com
http://www.tristarconsulinggroup.com
mark@tristarconsultinggroup.com
866-840-2240 Toll Free

Host: Mark Bustamonte
Co-Host: Richard Garcia

Interview: Kelly Shelton CEO

Web Link: TalkShoe

On Sunday, September 2nd at 12:30PM EST we will be interviewing Kelly Shelton, CEO of Financial Freedom International, Inc.

FFII is a strategic partner of Tri-Star Consulting Group, LLC. We are proud to have Mr. Shelton on the show. Kelly will talk about the mission of the company and how FFII can play a role in helping to build a strong financial future for its clients. He will also discuss how the PayAccel strategy and personal financial coaching plays a role in the success of its clients.

Please join us live or download the episode at a later time.

Today on our Mortgage and Personal Debt Elimination TalkShoe Talk Cast we interviewed Carlos Martinez the Operation Manager for one of our Strategic partners, Financial Freedom International, Inc.

Carlos talked about the economy today and the importance of having a financial plan to better postion yourself for the future. He also discussed the financail coaching that is offered with all the PayAccel programs as one on the 3 keys to success for the Debt And Mortgage Elimination Programs that FFII offers.

• Training
• Accountablity
• Tracking

To listen to this interview in it entirty go to TalkShow Talk Cast - Mortgage and Personal Debt Elimination.

Thanks,

Mak Bustamonte
Managing Partner
Tri-Star Consulting Group, LLC
www.tristarconsultinggroupllc.info
866-840-2240 Toll Free

Seems to be quite the buzz these day's in several blogs I have come across. I think its great how we as experts in real estate and the mortgage industry talk about how we can or anyone can do this on there own and save them selves anywhere from $1500.00 to $4500.00 by talking with anyone tax advisor and financial planner or attorney.

My personal opinion is that we are missing the picture. These posts (I thought) were meant to provide useful information for our potential clients and the general public as well as the members of the all knowing mortgage and real estate community. Just because we happen to be blessed with the gift of being in the financial industry or real estate business doesn't mean that everyone has the same knowledge we do about these types of products or for that matter any idea how to implement or have the ware withal to even try to implement this strategy.

I talk with mortgage brokers, real estate agents and financial planners everyday that have not heard on these products nor have any idea how to do this.

How about if we stop trying to impress ourselves or the rest of the community with our all knowing knowledge and start providing useful information to the public!

The truth of the matter is that these programs are good for some people and not for others. Another truth is there are different options. Some require you to refinance, some don't. Some provide software other's financial coaching. The list goes on and on.

When we look at the general public (out side the mortgage industry and real estate profession of course) we see people in debt, living from pay check to pay check, refinancing every 4 years to pay off there debt. Reaching retirement strapped with personal debt and a mortgage, inadequate Social Security and retirement benefits. The sad truth is most people aren't going to spend the time to learn new financial strategies to help them get out of debt. That why the professionals are here. Who are you (who ever you are) to say: Oh that's too much to pay to learn how to eliminate your mortgage or pay off all your debt. Most of you probably have a mortgage and debt and aren't even using these strategies. Here are some interesting statistics:

1. According to the Social Security Board, 81 out of 100 people are dead or "dead broke" by the age of 65.  2.5 % are financially independent, 13-17% are still working, 56% are dependent upon someone else, and 25% are deceased.  These numbers prove that the problem with debt has started young and continued through lifetimes.

2. The Census Bureau report has determined that the average American has the following allocation of income.  28% is paid toward taxes, 19% toward the household, 9% toward insurance, 2% is kept, and a staggering 42% toward interest and debt.  The National savings rate has reached -1% for the first time in history.

3. According to the Bloomberg Report (March 2007), U.S. sub prime borrowers fell behind on their mortgage payments at the highest rate in four years in the fourth quarter of 2006 and foreclosures of all types rose to a record high according to the Mortgage Bankers Association.  U.S. homeowners, lenders and investors may lose as much as $112.5 billion through 2014 as mortgage payments go up on adjustable-rate loans, triggering defaults and foreclosures, according to a study by mortgage-risk data provider First American CoreLogic.

4. According to the Experian National Score Index, the average consumer debt has risen 12.5% in the last year.  The average for credit scores has now dipped to 674.  It has been averaging 695 over the last few years.  As debt increases, scores drop.  As consumers get behind in payments, scores drop.  Forbes.com wrote that one late payment on an auto loan will lower a consumer's credit score by an average of 98 points.

My question is this, if it is so easy why are so many people in debt? Why is it so bad for UFirst or CMG or Financial Freedom International, Inc to promote these programs and charge $1500.00 to $4500.00? Oh I forgot anyone can do this on there own, why pay someone to teach you or provide the tools to help you implement a strategy that could save you hundreds of thousands of dollars or help motivate you to learn something new that might benefit you financially. Keep you from becoming a statistic. That would be stupid!

Here's an idea; for those of you that know how to implement the mortgage acceleration strategy or are experts in debt elimination how about spending some time teaching it for free. Work one on one with some clients for about 6 months to a year monitoring there monthly expenses and developing spreadsheets for them so they can learn and track there progress. Help them establish a budget. Help keep them motivated, and don't forget you will do this for free? Right? Just send me your name and number and I will conference my next client in with you and you can teach them for free. I am sure they will appreciate your desire to teach them and perhaps change there lives forever.

I recently responded to a comment in Margaret Woda, a Realtor out of Maryland (http://activerain.com/blogsview/161295/What-s-the-future) where another real estate agent implied that paying a little extra per month and one additional payment at the end of the year was the same as Mortgage Acceleration or Mortgage Elimination.

The key here is that in a Mortgage Elimination program (in most cases) you do not have to pay extra per month. That would defeat the purpose of the program.

Here is my response to the comment.

Hi Margaret. Great post.

I am responding to Nestor and Katerina's comment regarding being able to do the same thing as the CMG loan by paying additional money towards equity each month and applying one payment per year extra.

I have put clients into the system (PayAccel HELOC Program) that reduced there monthly expeditors by $250.00 per month and reduced there pay off from 27 years to 11.3 years saving over $100,000.00 in interest. So paying extra money per month is not a wise choice.

With out sounding as a proponent of the CMG loan (which I can be if it meets the client's best interest) one of key components of this loan is the automation of the process by utilizing the HELOC as a checking account. One of the problems with this loan is it does not teach the HELOC strategy.

One better is the HELCO system that does not require the refinance of the existing loan and instead teaches the consumer how to use a HELOC as a tool to eliminate personal debt and Mortgage i.e. PayAccel HELOC System. My company Tri-Star Consulting Group, LLC is a licensee that markets the product for Financial Freedom International, Inc.

Our system unlike some of the other system provides financial coaching to the client to help them learn the strategy so that once they do learn how it works they can apply the same strategy to there other investment properties or any short term investments they may have. It is not a software program but actual coaching and teaching of the strategy that is provided.

It is the same concept that is used in Australia, New Zealand and the UK. Financial Freedom International, Inc has taken it a step further and offers programs for people that don't qualify for the PayAccel HELOC. Our PayAccel Plus program is designed to get the client into position within a few years to be able to utilize the PayAccel HELOC strategy so they can either eliminate there mortgage or build there equity position 3x times as fast WITH OUT paying additional money per month or per year.