“Don’t panic – but it will get worse before it gets better. People (consumers) need to wise up and change their behavior now”.

She is an expert in finance. We don’t follow her business YET. We will. We need to learn more about her, it is inevitable that Next Level Credit know more about finance overall and we will research her more.

Suze Orman hit the nail on the head when she said change your behavior. We are changing your mindset here. Also, we are going to focus more about starting your own business. The reason (again) consumers are overextended in credit is because we do not make enough money at our jobs. And we want what we want when we want. This country is spoiled. We are very used to instant gratification. How do you change that and make more money? Get a paper route and a second job in addition to your primary job? What about daycare costs? Out of control! It will get worse before it gets better, but we have more than hope and we are not sitting on the sidelines waiting for the next “jaw dropping” announcement from the government. We ARE changing our behavior not just talking about it. 

What is going to happen to our credit standing now? There will be MANY credit repair businesses popping up in the next few months. We are seeing it happen this week. Be aware. Work with a company that knows how to fix the problem and has a passion for it. At Next Level Credit, we cannot guarantee that your credit report can be fixed and we will explain that in a consultation. We do our best. We have our clients best interests at heart. When you are satisfied with us, we are satisfied.

Now today in this economy, even since our last post, you need to start a plan B. No more procrastinating. This is not the time to procrastinate. We are eliminating your collection debt. We are restoring your credit report and score. Debt freedom is attainable. The debt collectors and collection debt agencies will be stopped but it will take years to shut them down. Meanwhile you have the power to challenge it now.

Take control of the money flow. America is resilient and has pride. The best country in the world to have a business is America. FREE ENTERPRISE!

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ps. stay tuned for information on how your collection debt has an expiration!

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Show me the money!

Money is power. Power to change. When someone has wealth they are able to change situations from bad to good. Whether you help yourself or help others, wealth enables you to make a difference.

If you do not have collection debt challenges and/or credit report repair needed, why not start wealth creation now. Actually you CAN start your wealth creation now regardless of your credit. We heard today on the radio on a financial program that Forbes 400 (400 most wealthy in the world) wrote that when asking the wealthy 75% said the #1 key to wealth is to get out of debt and stay out of debt.

To quote Kevin Hogan who does much research “how much pain does one have to have in order to step out and be motivated to make a change in their life?” Is your discomfort in your life going to make you do something different with your financial future? Is pain your motivator? You know the definition of insanity.

Here is a wild statistic for you:

the average millionaire has had 3.1 failures in their life when they have hit bottom with zero and started over again

the income earner of $50k- $100K has had 1.6 failures in their life when they have hit bottom with zero and started over again

Does this mean that multi millionaires have had more failures but have raised back to the financial level they desire in their life each time? Statistics show that 65% of the wealthy have mentors. It is important to have that guidance, sounding board, whatever you want to call it. What about the 35%? Who knows?

Some say the secret to wealth and success is momentum. We agree. Get a piece of the pie and have your own business.

To quote another multi millionaire…Robert Kiyosaki

“a big reason I support the network marketing industry is that many companies are really business schools for the people, in contrast to formal business schools, which train students to be EMPLOYEES OF THE RICH”

Do you want to be an employee of the rich?

Empower magazine quote “Home based business are one of the fastest growing segments in our economy and that trend will only continue.” We don’t want to say it is a trend. It is here to stay. You can be a home made millionaire. You earned it and it was not given to you.

People who own their own business are worth financially so much more than having a 6-figure job for years (years? which is not really possible these days.) Job security is an oxymoron! It does not exist! Control your destiny. Create wealth and have time to enjoy it.

We want to show you the money with Next Level Credit. Stop worrying about raising your credit score, and right now FOCUS on creating wealth. The credit score can be raised (depending on your situation). Having a high score in the 700’s is not going to create wealth FOR you. The economy is changing NOW with all the government investigations taking place. Of course, we want your score to improve, and to rid the collection debt, but we also want to change your mindset to taking control. Depend on yourself and what you can do now.

Opportunity is here – are you prepared to take advantage of it. We will show you the money.

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What a week!

One of the hopes we have here is that this may mean an incredible crackdown of credit cards. We are not saying that no one should have a credit card. It is the mindset that has to change and if the consumer can have the willpower on spending by all means have one or two. The crackdown on regulation on credit cards will be good. Our guess is that it will have strict guidelines for getting a card back in the day when you did not think you could qualify for it.

What is going to happen to overall FICO and credit scores? We say to you why do you need FICO scores? To buy a house perhaps? The FICO system perhaps will have a rebuild, revamp, redo allover. It needs to. The credit bureaus are lining the governments pockets in case you did not understand and vice versa. So if the government and credit bureaus are chummy, what does that mean for consumers. We may not have to worry about credit scores, FICO and credit reports (FCRA) much longer. That would be wonderful! So how would we buy major ticket items? House, car, boats? Stay tuned for that blogpost soon.

Collection debt will still be a big corrupt problem. Even with credit cards (possibly) fading away, the collectors will be able to do what they normally do and just another day at the office. With what happened this week, now maybe more consumers will understand how corrupt the collection industry operates. Just because it walks like a duck and talks like a duck, is it a duck? This industry will be around for a while even though credit cards may change regulations. The debt collectors will still come “knocking at my door”. They will still be able to operate. They are under the radar so to speak. They have to get “caught” (FDCPA) and that is almost impossible. But we have faith. After seeing what happened this week, anything is possible.

Meanwhile, your collection debt freedom is very possible! Take action and don’t delay on challenging your collectors. Knowledge can move a mountain!

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Debt is a four letter dirty word. Compared to other four letter words…love, food, swim, bowl, read, call, warm, cold…(you get the point), the word “debt” makes some people cringe. That word has a negative connotation.

Freedom. How do you feel when you hear that word? What do you picture in your mind?

Debt free. How do you feel when you hear that word? Can you see it?

It is VERY possible to get rid of your collection debt quickly. Each scenario with each debt collector is different. However, the collection debt could be eliminated in a few months. There is a light at the end of the “collection debt” tunnel.

Start to envision what it feels like when the collection debt is eliminated.

Collection debt freedom. Can you see it?

When this ugly part of your life is eliminated and your stress level is lowered, what happens next?

Begin to plan your “plan B”. Plan B is necessary now just in case another unforeseen circumstance happens again. The journey begins with planning and putting in place another source of income where you can save money for another “rainy day”. Actually rainy day should be termed more as a “tornado”. Who came up with that expression anyway?

Get your plan B in place now and start envisioning your financial future. If you are concerned about your employment, or you have had various jobs since one major layoff, then what are your options to not depend on a job? What about medical expenses? What about helping family?

The reason we get into debt is because we do not make enough money at our job to afford the things that may make our life (more) enjoyable. We want instant gratification. That mindset will change once you have rid yourself of the collection debt. You will see life alot different and make a few lifestyle changes as well.

So how do we make more money? You can only make so much money at a job. There is nothing wrong with having wealth and having a healthy perspective with it. After having multiple houses and multiple cars, what else can you do with your wealth? Save it. Share it. Give back to your community. Donate to charity. Seed into ministry.

While you have a job, implement plan B so you will not have to be at the mercy of your employer. We work at a job (we may or may not really like) because we have to. We have to live. Do you work to live? Or do you live to work?

Let’s talk about WEALTH CREATION. What can you do to begin to create wealth for yourself?

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In 2006, the documentary “Maxed Out” was released. Filmmaker James D. Scurlock examines the outrageous practices that consumer-lending and credit-card companies use to rack up huge profits while bleeding customers dry. Now it can be viewed on HBO. The most shocking part perhaps is when a mother tells of her college son that was in credit card debt and did not see any solution except suicide. This is very real. Another clip perhaps when a banker notes in the movie that it is isolated incidences that are filmed for this movie. NOT TRUE. This oppressive state of mind is all over this country. Every time the phone rings, it is a debt collector. Multiple letters from collectors in your mailbox. Working more hours to pay off the debt. The interest on the collection debts goes higher (no regulation). Never ending downward spiral. Where does it stop?

Next Level Credit has a mission because they know how that oppressive state of collection debt mindset feels. It is bondage and you are captive to it.

When a consumer is in collection debt which stems from credit card debt, it is irresponsibility on both sides. In other words, is the consumer irresponsible for getting credit cards and “maxing” the cards? Maybe since 9/11/2001, when the government suggested to try not to be fearful and go out and spend, that is where it escalated. Or is it the banks irresponsibility?

Quote from Washington Post, 3/07:
“Maxed Out,” often uses grim humor to deliver the bad news: that banks routinely seek out the young, poor and chronically late-paying; that they’re in cahoots with other powerful forces in government and business (such as the burgeoning field of debt collection); and that no one — especially lawmakers whose biggest contributors come from the financial services industry — seems to care. Particularly galling in this respect is Julie Williams, the acting U.S. comptroller of the currency and chief bank regulator, who delivers Orwellian apologies for the industry she’s supposed to be overseeing, and Louis Freeh, former chief of the FBI and now a honcho at credit card giant MBNA (presumably, he makes sure there are state-of-the-art computers there, a luxury he didn’t bother to acquire for the bureau under his pre-9/11 watch).

Regardless of who is to blame and regardless of how you arrived in a collection debt pit, you need to take action and learn NOT to regress into debt EVER again. When the reality HITS that you can learn your rights and take action, it is hard to believe. There is no guarantee when you have to fight the collectors. They are devious and have tricks “up their sleeves” they use every day. However, the more ammunition the consumer has and USES it, the better the rights work.

Life when the debt collectors go away…
The life of debt freedom takes getting used to. It is almost hard to believe that there is a solution that works. When the collection debt is gone, it is almost as if a physical weight is lifted off. You can look ahead and make plans (without credit cards) for building wealth and having a healthy financial future. There is a spring in your step. Now, your mission is to spread the word and help others who are facing what you conquered. When it really sinks in what you have accomplished, you have a new lease on life.

You have slain the giant!!!

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How does a consumer “arrive” in collection debt mess?

In most cases, 20 years ago, the (single) consumer had a job earning a living to pay for staples – food, clothing, shelter. The bills were paid. It sure would be nice to own a house instead of renting an apartment. One day somehow some way home ownership could happen. Your credit score was fair. No debt. Work more, save little. Costs of living were going up, gas was rising, but the income was stagnant.

The credit card offers come in the mail to consumers regardless of your credit score. We thought you had to have excellent credit to get a credit card. Credit cards were a status symbol and they were difficult to obtain. Yes they WERE for consumers with excellent score and that was few and far between. Now in the 2000’s, there are “fee-harvest” cards for consumers with scores of 660 and below. Fees all over the place. Big profit for them. The offers are in the mail and on tv and NOW on the internet in your email. Why do we bite and take the offer? What compels us to get the card?

There is enticement by media, tv, radio, internet, mail, to have a little bit of this and a little bit of that. A dinner out, clothes, entertainment, environment improvement (home accessories and toys), a vacation, why should you be deprived? We are not saying to deprive oneself, but why should you pay 10x over the actual amount.

What if you use a credit card to pay tuition or to start a business? What if you cannot qualify for a student loan or a business loan? Should you get a card to fund the future when you WILL be making more money? Isn’t that a great plan?

John Maxwell quote “my actions brought me here”. Very true. Every action has a reaction or a consequence. Danny Schechter quote “we are a nation of consumption, not production”. Very true.

We are going to change your mindset. You have to. If you do not understand how you got to the place of collection debt, or any debt other than mortgage and car, then how can you ever rid yourself of it, have debt freedom and become wealthy?

Fast forward to present day, now the (single) consumer gets married and there are more credit cards, mortgage (yeah) and car payment. Two incomes, bills are being paid (barely). Although it is a six figure income living in middle class America…the debt to income ratio WITH the credit cards makes it difficult to pay more on the cards and get rid of them. The FICO scores are great. At this point, you are overextended. Are you saving for a rainy day?

This is not to depress you but to show that this is at least 80% of what America is facing right now and there is hope and a solution for change.

Crisis comes. Unforeseen circumstance. You cannot predict nor can you control it. Loss of shelter, illness, death, divorce, job loss(es). It is life.

Credit cards no longer matter? Six months pass and you are dealing with your hardship. The collection agencies start calling and sending letters. Most consumers do not know what rights they have regarding debt collectors. The collectors are preying on your ignorance. What do you do now? Educate yourself. Learn QUICKLY how to fight back. It will not go away, and it could get worse.

When you have collection debt, it is nothing to be ashamed of because we cannot control unforeseen circumstances. Also, the credit card industry has set up the consumer to fail. However, it takes willpower to resist having credit cards. Understanding how this trillion dollar industry operates is imperative to changing your mindset which then changes your financial future. Spread the word!

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The debt validation is the beginning of eliminating the account. Some say “a debt is a debt is a debt” and pay up. However, if the “owner” who has purchased the alleged account in a portfolio is junk debt and worthless – PROVE IT. The law says to prove it. If major corporations cook the books in accounting, then what makes you think that collection agencies would not create fake documentation to look legitimate. It happens all the time. Collection agencies can and do operate as a business. That is not unusual. They also operate as fake attorneys offices. Unless you are aware of these facts, you are helpless. You must write the agency and ask for proof. Letters from debt collectors are not to be ignored.

Remember to always send certified mail AND return receipt. It is imperative to document all action for your records. If you do not send the VOD letter in writing within the 30 day period as the law requires, and you mail it past the 30 day time period, chances are the collection agency still cannot validate the debt. Therefore, send a VOD to have your own documentation for future reference if needed. This basically states “do not contact me until you can send valid documents”. 

Contact our office for an analysis of your situation.

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Debt collectors are behaving badly all over the USA. Not only in NJ. It is destroying this country. Have you thought about when the debt collection industry started surfacing? The debt collection company employees for the most part have no idea how the company/industry operates. Do you think this industry has a high employee turnover rate? Food for thought.

Debt collectors garnish social security, disability, veterans benefits, paychecks, and bank accounts. As you learn about this industry, the disturbing facts you discover never stop. Is the video truth or not?

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ps. standby – coming soon – for sample letters (no video!) that you can use that will help you confront your debt collectors

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