Mark Darner's Blog

Can't I do debt settlement on my own?

Mark Darner (Phoenix Company Fast Credit Repair) — Thu, 04 Mar 2010 19:04:52 -0800

You can try. Most times creditors are not willing to work with individuals and will not offer very favorable settlements. Plus, if you don’t have the necessary negotiation skills and experience, you will never know if the creditor is giving you the best terms available. Because a Certified Debt Specialist works with thousands of creditors and has thousands of clients, creditors are willing to work with us. Certified Debt Specialists are trained in the “ settlement language”. They know the special terms that are available, and what solutions have been successful for others in similar situations.

For more information on Debt Settlement or Credit Repair

Is Debt Settlement like bankruptcy?

Mark Darner (Phoenix Company Fast Credit Repair) — Tue, 02 Mar 2010 09:58:26 -0800

Q. Is Debt Settlement like Bankruptcy?

A: There is a major difference between Debt Settlement and Bankruptcy in many areas. Chapter 7 Bankruptcy remains on your credit report for a minimum of 10 years, whereas your charged-off accounts (the derogatory accounts) may remain on your credit file for only 7 years. Sometimes, these may be removed by a competent credit repair firm earlier. But be advised that most credit repair companies will just take your money and not deliver the promised results.

Never enter a Debt Settlement program, under the assumption that you will get the negative accounts removed in less than 7 years. To be safe, base your decision on the 7 year rule, then, if you are successful in removing negative accounts earlier through a credit repair program (www.phxfast.com), it will just be frosting on the cake.

Bankruptcy reporting on your credit file may also affect other areas of your life. Bankruptcy is a PUBLIC RECORD. Most counties report recent bankruptcies in the newspaper every month or every quarter. The is also a publication that most lenders subscribe to the provide them all the recent filings. Bankruptcies filings can be found at the county registry as it is considered public information.

So its important to understand that a bankruptcy is not easy to hide from and is considered public information.Most employers pull credit files on potential candidates. It is likely that the candidate without bankruptcy will have a better chance at the position. Additionally, some employers will not hire an individual with a bankruptcy on their credit file, period. Lastly, some positions will absolutely exclude a candidate with a bankruptcy. This is especially true for security jobs, high level management jobs, jobs at banks and financial institution and many other types of positions.

Bankruptcy can also cause issues with renting. Many landlords will not rent to individuals with a bankruptcy file. While, landlords cannot discriminate, they may legally not rent to someone based on their credit profile.

Bankruptcy can also exclude you from loans in the future. While its true that some creditors will grant credit after a person files bankruptcy, (although there is typically a waiting period) some creditors will not grant a loan to anyone with a bankruptcy on their credit file. Most loan applications ask if you have filed bankruptcy in the past 10 years, and some actually ask if you have ever filed for bankruptcy. Although the question - have you ever filed for bankruptcy may not be a lawful question, nonetheless, if you do not answer it, it will raise a red flag and if you answer "no" you will not be truthful.

No matter how you cut it, bankruptcy can affect many areas of your life and should be avoided at all cost. It should be your last resort. You should not file bankruptcy until all your options have been exhausted or at the very least explored. Unless you have come to the decision that you have no other viable options.

www.phxfast.com/DebtSettlement

Phoenix Company Debt Settlement

Mark Darner (Phoenix Company Fast Credit Repair) — Sat, 27 Feb 2010 18:08:56 -0800

Q. What is the difference between a Debt Settlement Program and Debt Management Plan (DMP)?

A:
Debt Management

In a debt consolidation programs, also known as a Debt Management Plan (DMP), you pay back 100% of your debt plus interest. Interest is commonly reduced to the 8% to 10% range. Additionally, Most Debt Management Companies have a monthly service fee tacked on to your monthly payment. Most people pay back about 130% of their debt over 5 to 6 year period. Debt Management has a moderate affect on a good credit file and will improve most poor credit files.

Debt Settlement

In a Debt Settlement program, most pay back an average of 40-50% of their total debt, including all agency fees as well as accruing fees and interest. This 40-50% figure is based on your starting balances.

In some cases, where a client has very challenging creditors combined with a good income, liquid assets, etc., Certified Debt Specialists may end up with what they consider to be a less than perfect result and pay back may be in the 60% range. This is still a substantial savings for most clients and proves to be an effective program.

Also, the contrary is true. Certified Debt Specialists often are able to obtain total settlements including fees in the 40% range when the factors are just right.

Most clients are able to liquidate their debt in 2 to 3 years vs. 5 to 6 years in the DMP and the monthly payment is commonly smaller than a Debt Management Payment for the same debt.

Debt Settlement has a major impact on good credit but will improve credit for people that are 6 months or more past due. This improvement in credit profile is caused by bringing outstanding balances down to a ZERO balance.

For more infomation visit www.PhxFast.com/DebtSettlement 888-601-3071

Phoenix Company Credit Repair $49 Monthly

Mark Darner (Phoenix Company Fast Credit Repair) — Mon, 15 Feb 2010 21:35:00 -0800

Programs Starting at $49 monthly

What is a FICO Credit Score?

A credit score is a number generated by a mathematical formula that is meant to predict
credit worthiness. The most common of the credit score standards is the FICO score by Fair
Isaac. The FICO score ranges from 350-850 and is intended as a predictor of whether or not
you will be 90 days late on a loan obligation. Typically calculated as:

1.        35% - Payment History
2.        30% - Debt Ratio
3.        15% - Length of Credit History
4.        10% - Types of Credit
5.        10% - Number of Credit Inquiries

To maximize increases to your credit scores, we typically recommend adding trade lines to
your credit files to improve your debt use ratio, #2 as listed above. For more information
regarding trade lines, Click Here

Service Features

· No enrollment or initiation fees- All fees are for service.

· Toll Free support-We include toll-free support as well as automated email updates at
no additional cost to you.

· Pay as you go -Service are billed after having been performed. No Advance charges.

· Surety Bonded Service- We are Surety Bonded for your protection.

· State Registered Service- We are registered with the Secretary of State of Texas to
perform the services listed herein.

Service Includes

· Unlimited Disputes- No matter how many items we have to dispute, you will only be
charged our low monthly fee. Dispute is only one of seven score improving actions.

· Security locking- Against unauthorized information release and promotional inquiries.

· Goodwill interventions- Recommended for mild late-pay accounts, this intervention
leverages your fiscal relationship with your creditor in an effort to positively impact the
record and reporting of your credit.

· Debt validation- Recommended for certain charged-off and collection accounts. This
intervention affirms your Federal Consumer Protection Rights by demanding a complete
accounting of the listing or its removal.

· Cancel anytime-We charge for our services one month at a time, only after work on
your case has been completed. While we recommend retaining the services of our firm for at
least 6 months, you are free to cancel the service at any time without penalty or further
obligation.

• New book by Mark Darner- At your option, the new book "Real Credit Repair"- The way
the professionals do it! 350 pages. Additional charges apply. Click Here

Enroll Now www.PHXFAST.COM

Bonded

State Registered

Contact us:

214-227-9644

888-601-3071

512-366-9789 Fax

Admin@Phx Fast.com

PO BOX 568
Denton, TX
76202

Phoenix Company Discount Credit repair for Military Personnel & Veterans

Mark Darner (Phoenix Company Fast Credit Repair) — Mon, 13 Oct 2008 09:35:24 -0700

Effective Affordable Credit Repair

We Support Our Troops

Active Duty Military & Over Seas Contractors

Veterans with DD-214

No Enrollment Fees
No Re-activation Fees
Cancel Anytime

$38 monthly per person

(Spouses included, active duty card or DD214 required.)

http://phxfast.com/MilitaryCreditRepair.html

Main 214-227-9644

$99 Credit Repair in California

Mark Darner (Phoenix Company Fast Credit Repair) — Mon, 30 Apr 2007 12:12:45 -0700

Subprime is down and so are closings. Let us help you get more buyers qualified with an effective, affordable $99 program. Check us out www.PhxFast.com Make it a great day !!!!!

All Programs $99 Effective Affordable Credit Repair

Mark Darner (Phoenix Company Fast Credit Repair) — Mon, 26 Feb 2007 12:35:40 -0800

Phoenix Company is a Texas Based, Bonded and State Registered credit repair organization turning your unqualified buyers into qualified borrowers. We help you close more loans. All Programs only $99. Give us a call for more information or direct your buyers to www.PHXFast.com to enroll on line. Here is copy of our enrollment packet for your review. Enjoy.

Phoenix Company

PO Box 568 Denton, Texas 76202

Phone: 214-227-9644 Fax: 512-366-9789

Admin@PhoenixCompanyCreditRepair.com

www.PHXFast.com

Welcome to Phoenix Company

$99 Credit Repair Program

To Start:

1)Sign the services agreement page.

2)Fill out the enclosed personal information form.

3)Fill out the Payment Authorization Form.

4)Send Copy Driver License and Social Security card.

(Enlarge cards 150% for easy legibility)

5)Send copy of a utility bill showing your current address.

6)Recent Copies of Credit Reports

Fax (512-366-9789), Email, or mail (PO Box 568, Denton, TX 76202) to us the forms and we will have you on the road as fast as possible.

After one week: Send ALL correspondence you receive to Phoenix Company immediately by fax or email.

After 30-45 days: You will receive 3-5 new credit reports in your mail box. Send ALL correspondence you receive to Phoenix Company immediately by fax or email.

After 45-60 days: You can proceed with your financing objective.

Critical !!!!!!!!!!!!!!

• Do make your current bill payments on time

• Do not generate new inquiries by shopping for credit financing

Service Agreement

Services. I understand that Phoenix Company is a dually authorized business in the State of Texas, and is fully bonded through the Great American Insurance Company located at 2424 W Missouri Ave, Phoenix Arizona, 85015. I understand this service communicates with all three credit bureaus Experian, Equifax and Trans-Union, to cause any negative credit information reported by said credit reporting agency which does not conform to requirements prescribed by law to be upgraded to a positive rating or deleted, as set forth in public law 91-508 (FAIR CREDIT REPORTING ACT).

Guarantee. I understand that Phoenix Company guarantees to continue to present my case through written correspondence until said information is upgraded to a positive rating or deleted - with service in no wise to exceed 60 days.

Power of Substitution. I have this day made, constituted and appointed, and by these present do make, constitute and appoint Phoenix Company a dually organized business in the State of Texas, or their representative(s), true and lawful Representative(s) for me, and in my name, place and stead, to act on my behalf with any necessary credit reporting agency (ies) and/or creditor(s), hereby giving and granting said representative(s) full power and authority to do and perform any and all acts whatsoever requisite and necessary to be done in and about the premises, as fully and to all intents and purposes as I might or could do if personally present, with full power of substitution and revocation, hereby ratifying and confirming all that said Representative(s) or his/their substitute shall lawfully do in the premises thereof.

Time Frames. I understand Phoenix Company is not responsible for, and does not control the duration of time that a credit reporting agency or creditor may take to respond. I understand that this may take several weeks, but in no wise will Phoenix Company continue service beyond 60 days.

Client Actions and Responsibilities. I understand that I am responsible for obtaining and providing the consumer copy of my/our credit reports to Phoenix Company as needed. I further understand it is my/our responsibility to notify Phoenix Company if a response is not received from a credit reporting agency and/or creditor within a reasonable period of time. I agree to defend, indemnify and hold Company and its members, managers, employees and agents harmless from and against any and all claims, demands, actions, liabilities, costs or damages arising out of Company's provision of services to the Client under this agreement or the Client's breach of the Agreement, except for claims, depends, actions, liabilities, costs or damages arising out of Company's gross negligence or willful misconduct. I further agree to pay Company's reasonable attorneys' fees and costs arising from any actions or claims eligible for indemnification under this Agreement.

Limitations. I understand that Phoenix Company will extend its best efforts to cause negative information on my file to be deleted, corrected, clarified and/or upgraded to a positive rating to the total extent allowed by all federal regulations. I further understand Phoenix Company does not provide legal advice, financial planning, investment advice, tax advice or engage in any debt counseling or consolidation services. Phoenix Company has no responsibility for any past, present, or future credit ratings assigned to the client by reporting agencies. I will consult an attorney for my legal needs.

Payments. I promise to pay Phoenix Company as agreed and described in the Fees section herein. I understand there are no refunds once service has commenced. If any checks are dishonored by my bank, I agree to pay Phoenix Company a $30.00 service charge and remit all future monies by cashier's check or money order.

Fees. Service fees are $99 per person, payable to Phoenix Company or designee upon commencement of service.

I have read and understand all the above and hereby retain Phoenix Company to exercise my rights as prescribed by the Fair Credit Reporting Act (Public Law 91-508). I further understand there are no refunds once service has commenced, and that this is a legal binding contract. I understand Phoenix Company reserves the right to cancel agreements at any time for actions or evidence, which appears illegal or unethical on the part of the client. I understand that if, for whatever reason, I stop making payments for any unpaid balance on this contract Phoenix Company can and will stop all services on my/our profile and nothing will be released to me. I would have to pay the balance in full before recommencement of services. I hereby acknowledge receipt of a copy of this agreement, receipt of SEC 405 Disclosures, and receipt of a cancellation form upon signing. I agree that all representations and statements given are set forth in writing on this contact, and that no oral agreements are accepted.

Client's Signature Date Spouse's Signature

Payment Authorization Form

I ________________________ authorize Phoenix Company to initiate funds from the checking account (Client name) Indicated below. I also authorize my depository financial institution to honor these transfers.

Please Check Box/Boxes (required)

This authorization is valid for this transaction only.

The transaction amount will be $99 per person totaling $_____________________

I have read and agree to all of the terms and conditions on this page and any other contract or document that accompanies this agreement. I certify that I am the authorized account holder for this checking account. I understand this is a binding agreement and I will receive a copy of each check draft in my statement when the item has cleared.

I understand this is a legal binding agreement between Phoenix Company and,

__________________________.

(Client name)

I understand that all returned checks are subject to a $30.00 NSF Fee. This agreement will remain in effect until Phoenix Company receives my written notice of cancellation via mail, fax or email.

_____________________________________ _______________

Authorized Accountholder Signature (required) Date (required)

Credit Card Information: Visa MC AMEX Discover #________________________________

Name on Card____________________________ EXP_____/_____ CC SEC # ___ ___ ___

(3 digits on back of card)

_____________________________________ _______________

Authorized Accountholder Signature (required) Date (required)

Identity Theft Protection and Legal Services

Now included in your credit repair services are one month FREE trial memberships (at your option):

 Kroll Data Identity Theft Shield: ($12.95/month per household)

o Initial credit report and guide on how to read the report

o Continuous credit monitoring and scoring

o Identity restoration in the event of ID theft

 Pre-Paid Legal Services Plan: ($26.00/month per household)

o Preventive legal services

o Phone Consultation with Attorney/Review of Documents/Phone Calls and Letters for any legal matter regarding :

1) drivers license

2) medical information

3) social security number or issues

4) character/criminal identity

5) my credit identity and information

o A Will for me and my spouse

o Motor vehicle moving violation representation

o Trial defense

o IRS audit

o Legal Shield 24/7 days a week when arrested or detained

o Discounted rate for other legal services

____ I would like to enroll in the Pre-Paid Legal Plan only ($26.00/month).*

____ I would like to enroll in the Identity Theft Shield only ($12.95/month).*

____ I would like to enroll in Both PPL and ID Theft Shield ($35.95/month).*

____I decline to enroll at this time. Please perform the credit repair services only.

Name: ______________________________ Signature: _____________________________

Select your Login/user ID__________________ Select your personal password______________

List names and DOB for all children to be covered by the plan.

Name________________DOB ____/____/____ Name_________________DOB ____/____/____ Name________________DOB ____/____/____ Name_________________DOB ____/____/____

Name________________DOB ____/____/____ Name_________________DOB ____/____/____

• I acknowledge that these service programs are made available at my own expense.

• Signing here constitutes authorization to initiate trial memberships with PPL, Inc and IDT (Kroll).

• Complete information and policy descriptions will be sent to you shortly.

• Phoenix Company has met the FTC standards for "FACT ACT" compliance et al.

• Programs available to check draft and credit card clients only. E-mail account required.

Personal Information Form

Name Client Spouse

First: ___________________________ ______________________________

Middle: ___________________________ ______________________________

Last: ___________________________ ______________________________

Soc. Sec. No: __________-_____-__________ _________-_____-_______________

Date of Birth: __________/_____/___________ _________/______/______________

Present Address:

Street: ___________________________ ______________________________

Apt: ___________________________ ______________________________

City: ___________________________ ______________________________

State/Zip: ___________________________ ______________________________

County ___________________________ ______________________________

How Long: ___________________________ ______________________________

Phone & Email

Home: (______) ______-____________ (_____) _______-________________

Work: (______) ______-____________ (_____) _______-________________

Cell: (______) ______-____________ (_____) _______-________________

Fax: (______) ______-____________ (_____) _______-________________

Email: ___________________________ ______________-________________

Previous Address

Street: ___________________________ _______________________________

Apt: ___________________________ _______________________________

City: ___________________________ _______________________________

State/Zip: ___________________________ _______________________________

Other Information

Drivers Lic #/ State ______________________ ________________________________

Referral: ___________________________ Phone: (______) ______-____________

Autos: Year Make Model Bank Monthly payment

Current auto __________________________________________________________________

Prior auto __________________________________________________________________

Current Mortgage Company:______________________________ Monthly Payment __________

What are your future plans for use of good credit? ______Mortgage______ Auto_____ Insurance

What is your time line for your plans? ______ 1-3 ______ 4-6 ______ 7-12 months

How did you hear about Phoenix Company? (Source)____________________________________

I am interested in: Credit Cards ___ Legal Plans ___ Credit Monitoring ___ Cost Segregation ___

'Notice of Cancellation'

'You may cancel this contract, without any penalty or obligation, at any time before midnight of the 3rd day which begins after the date the contract is signed by you.

To cancel this contract, mail or deliver a signed dated copy of this cancellation notice, or any other written notice to Phoenix Company at PO BOX 568, Denton Texas, 76202 before midnight on

(___________________).

Fill in date of third day after contract date in blank provided.

I hereby cancel this transaction,

(___________________).

Fill in date of client agreement signature.

Client Signature Date

SEC. 405. DISCLOSURES.

'Consumer Credit File Rights Under State and Federal Law'

You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither you nor any ''credit repair'' company or credit repair organization has the right to have accurate, current, and verifiable information removed from your credit report. The credit bureau must remove accurate, negative information from your report only if it is over 7 years old. Bankruptcy information can be reported for 10 years.

You have a right to obtain a copy of your credit report from a credit bureau. You may be charged a reasonable fee. There is no fee, however, if you have been turned down for credit, employment, insurance, or a rental dwelling because of information in your credit report within the preceding 60 days. The credit bureau must provide someone to help you interpret the information in your credit file. You are entitled to receive a free copy of your credit report if you are unemployed and intend to apply for employment in the next 60 days, if you are a recipient of public welfare assistance, or if you have reason to believe that there is inaccurate information in your credit report due to fraud.

You have a right to sue a credit repair organization that violates the Credit Repair Organization Act. This law prohibits deceptive practices by credit repair organizations.

You have the right to cancel your contract with any credit repair organization for any reason within 3 business days from the date you signed it.

Credit bureaus are required to follow reasonable procedures to ensure that the information they report is accurate. However, mistakes may occur.

You may, on your own, notify a credit bureau in writing that you dispute the accuracy of information in your credit file. The credit bureau must then reinvestigate and modify or remove inaccurate or incomplete information. The credit bureau may not charge any fee for this service. Any pertinent information and copies of all documents you have concerning an error should be given to the credit bureau.

If the credit bureau's reinvestigation does not resolve the dispute to your satisfaction, you may send a brief statement to the credit bureau, to be kept in your file, explaining why you think the record is inaccurate. The credit bureau must include a summary of your statement about disputed information with any report it issues about you.

The Federal Trade Commission regulates credit bureaus and credit repair organizations. For more information contact:

The Public Reference Branch

Federal Trade Commission

Washington, D.C. 20580

This information is to be provided exclusively to Phoenix Company professionals/referral sources/requesting individuals and is not intended for public use. This is not an advertisement to extend consumer credit as defined in Regulation Z, §226.2. All services are subject to credit and property approval. Programs, rates, terms and conditions are subject to change without notice. Not all products are available in all states or for all loan amounts. Other restrictions apply. Phoenix Company does not email unsolicited commercial messages. If you would prefer not to receive further commercial email messages from us, please email us at Remove@PhoenixCompanyCreditRepair.com

All Programs $99 Effective Affordable Credit Repair

Mark Darner (Phoenix Company Fast Credit Repair) — Mon, 26 Feb 2007 12:34:06 -0800