“The Credit Bureau That You Didn’t Know About”

You are about to learn about  PRBC.  A credit reporting bureau that produces a ‘PRBC Report’ and a ‘Bill Payment Score’ (BPS) containing your “Non-traditional” credit. Non-traditional credit maybe  payday loans, rent, utility bills, insurance, cable, daycare, child support, timely payments normally not reported, but through PRBC it is used to supplement the history in the ‘Big 3’ reports.  ‘PRBC‘ is different from the big credit bureaus, yet very important, because each and everyone has ‘Non-traditional’ credit that is not being taken into consideration when we make application for a loan or credit.   

‘PRBC‘  is the ONLY credit bureau that allows you to self-enroll to demonstrate how responsible you are on debts that are not normally reported to the other bureaus.  You can show that you have paid your bills on time, consecutively, for up to the past three years.  This bureau like the others holds your information for seven years. However, this bureau  does not charge you a fee to view your information !  Another really good point is PRBC also does not sell your private information to solicitors, telemarketers, direct mail firms, or for research purposes like the others.

PRBC is funded by a grant from the Ford Foundation, and Fannie Mae, Freddie Mac and Citimortgage are major subscribers. This means if you are a young person just building credit, an immigrant, a recently widowed or divorced woman, or simply a consumer who has traditionally operated on a ‘cash only’ basis, and  wanting to build credit, these subscribers will see your ‘Non-Traditional” credit history.

You can use this credit reporting bureau to build your credit history.  You deserve recognition for paying your rent, insurance, phone cable, day care, child support and utilities on time.  Even positive payments to payday advance loans can be reported on your behalf !

Creditors look for credit worthiness. They want consumers who have shown responsibility.  Creditors are taking a risk and realize there are good people who are making timely payments, and not all are dealing with just banks and bank credit cards.   This bureau can save you thousands of dollars on an auto loan, car insurance, and applying  for utility hook-ups and phone service !

You can enroll in the PRBC service at no charge by visiting www.prbc.com and select ‘ENROLL NOW‘.   Insist your positive bill payment history in PRBC be counted in your favor when you apply for a lease, mortgage, auto loan, credit card, utility hook-up, phone service , insurance and employment  by using the sample statement shown on the website. 

As promised, Spectrum Resources continues to provide resources and options to you to save money.  Please come back to: http://SpectrumResources.wordpress.com  often and tell your friends about our site and to add us in “Favorites” .  Also visit our sister blog: http://MoneySavingTips.PolkVoice.com  .  If you have a website -Link us up to have your own personal credit risk assessment planner providing ongoing education in debt credit and home ownership issues.  Email back:  SpectrumResources@tampabay.rr.com or call (863)967-0660

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As a fund raiser we have the opportunity to offer, ” HEY! WHERE’S MY MONEY ?” a little 128 page book filled with big insight into daily money management written by local author Janet Shore. “HEY! WHERE’S MY MONEY ?” regularly sells for $12.95, but as a fund raiser Spectrum Resources offers it with a tax exempt donation of $10.00 including shipping,  in the form of a money order mailed to Spectrum Resources 2014 Brentwood Dr. Auburndale, FL. 33823 or through www.Checkman.com/pay4it/12985 a online checking payment service.

Ms. Shore’s book “HEY ! WHERE’S MY MONEY ?” is an easy to read and easy to follow instructional and motivational book. This could be a great gift for a young adult entering the responsibility world of debt and credit, and at the same time supporting our educational efforts. Please help us help others in providing financial literacy, all tax exempt donations are welcomed and greatly appreciated.

“Hit The Pause Button On Your Foreclosure”

                                                

You must first come to the understanding that the banks are not in business to make you happy, they are there to make money. To hit the pause button on your foreclosure, educate yourself as to what REALLY has been happening across the nation between the home owners, the banks and the court system.

When FDIC can announce that over 90% of mortgages in America are riddled with fraud, why does it come to so many a surprise that they  have been a victim?   Pop yourself a big bowl of popcorn, get a large ice tea and set back to watch the many movies shown on the website www.YouTube.com on ‘mortgage fraud’, or ‘lost mortgage note’.  This is only the beginning to your education, but what I have found to be one of the best reality checks.  

Florida is severely hit with foreclosures. I work as a foreclosure prevention counselor in one of the largest counties in the state.    Most people are totally naive when it comes to the corruption of the banks. Most people that are losing their homes only know what the lender has told them, they don’t know of the many facts that were not shared at the closing table.  They don’t know what a large portion of Americans has learned about the structuring of mortgages and money in the banking system.  They only know that the home that houses their family, the place they have invested time and money in is slipping through their fingers. 

You can get relief through education. Research online at Google by typing in the name of your state plus the words ‘statutes regarding mortgage notes’.  There are laws in place that can protect the home owner discover them. You can pay others or you can invest time and learn first hand, then take that knowledge to someone who can help you use it.    In fact there are several laws in place to pause your foreclosure.  Google “TILA Q & A ” and read how it can help you expose the fraud and keep you in your home.  There is the Fair Debt Collection Practice Act as well. You have protection,  there are options that give you a chance to come up with a Plan B.  Time to have all your loan documents from your closing audited to count the ways you have been a victim of fraud.  Time to raise money to file a lawsuit against the bank for being so dishonest in their dealings with you

You will discover that the more ways you are a victim, the more chances you have to be keep your home and negotiate a deal that could make you very happy.

You can find answers to how a letter can bring everything to a stop and also lay ground work creating a paper trail that will support your case.  Check out http://LivingLies.wordpress.com for more answers.

Spectrum Resources has one mission and that is to help you learn how to live inside your income.  By pushing the pause button on your foreclosure, you can regroup your thinking. Restructure your lives and come through this transitional period.   Come back often and check out our other blog @ http://MoneySavingTips.PolkVoice.com and email us at: SpectrumResources@tampabay.rr.com or call (863) 967-0660.

As a fund raiser we have the opportunity to offer, ” HEY! WHERE’S MY MONEY ?” a little 128 page book filled with big insight into daily money management written by local author Janet Shore. “HEY! WHERE’S MY MONEY ?” regularly sells for $12.95, but as a fund raiser Spectrum Resources offers it with a tax exempt donation of $10.00 including shipping,  in the form of a money order mailed to Spectrum Resources 2014 Brentwood Dr. Auburndale, FL. 33823 or through www.Checkman.com/pay4it/12985 a online checking payment service.

Ms. Shore’s book “HEY ! WHERE’S MY MONEY ?” is an easy to read and easy to follow instructional and motivational book. This could be a great gift for a young adult entering the responsibility world of debt and credit, and at the same time supporting our educational efforts. Please help us help others in providing financial literacy, all tax exempt donations are welcomed and greatly appreciated.

“Generational Differences In Values”

As a personal credit assessment planner I come into contact with all ages of individuals facing daily challenges involving debt, credit and home ownership issues including foreclosure. What I find interesting is how the different age groups hold different values or rather priorities. Understanding those differences can be very valuable in itself.

As a senior I reflect back to my teenage years when I thought I knew it all. With a new driver’s license,  my cousin only a year older than myself  and her friend and I started out on a road trip from Indiana to Florida to visit our grandparents in Florida’s panhandle.  Our grandparents were farmers who lived about 15 miles from town. A self sufficient home with only one television with maybe two snowy channels and a radio to entertain us.  We had only one horse to share  rides, a small nearby creek to swim in, and miles of sand roads to walk while picking black berries for a cobbler come supper time.  My grandparents did not take out to eat, our treat was a home grown water melon cut under the shade of a big pecan tree in the front yard. No trip to town or the movies, their contribution to our entertainment was their time and conversation. In their wisdom, they enriched our lives with possibilities that existed within our own imaginations.  Stimulating and motivating us to discover what was exciting within our current surroundings, not what was in town.   Values of time, lives and money are taught by someone who cares.

How things change, my sixteen year old grandson has visited for a week. He brought with him his personal computer and preferred computer games. Conversation is almost a impossibility and he leaves the computer only to come to the table to eat, sleeping from early hours of the morning to late morning.  I see no imagination, nor motivation to interact with others.  Sadly he seems to only hold value in the world of cyber space and artificial entities.

I have other grandchildren, and I know all teens are not like this. What concerns me is a whole generation of our youth seemingly has missed the lessons in equating realistic value of life, time and money.  Every loss has a cost.  Those values, a basis for decision making, are essential life’s lessons that can be learned from the older generation if a bridge could be built.  

When I hold classes for late teens and early twenty year olds I see the bewildering look on their faces. I  hear their questions on basic necessary components  in managing money.  Our most basic perception of money is discovered at an early age around the time we learn to recognize what money is and what it can do for us. Without direction that perception can become very distorted with serious outcomes.   

The thirty and forty year olds who have been on their own have learned value lessons from their mistakes. Sadly they too still have many questions.  If there were some way to set up a mentoring program with seniors who have experienced the last great depression with some basic HOW TO’s that got them through those rough times.  Yes, times are different, however, there are some of life’s lessons that are ageless. 

The young could teach the seniors about the new world of credit, today’s language and the many forms of communication.  The thirty something group going through foreclosure could share  their experience with the ugly games banks and creditors play.  How creative financing  when purchasing a home is just a new label put on an old bottle of ‘snake oil’ and sold to the unsuspected. 

Each generation has something to learn from the others. Before the dust settles on this economic turmoil, perhaps as in other times of great need, all generations will come together, pool their knowledge and resources and take us to a time of realization that  the most important thing we have is time, and that glitters is not gold.  

Help us help others, pass on this info. Spectrum Resources offers counseling in debt, credit and home ownership to those seeking financial self sufficiency.  Come back to learn more, or contact us at (863) 967-0660 / email: SpectrumResources@tampabay.rr.com. 

As a fund raiser we have the opportunity to offer, ” HEY! WHERE’S MY MONEY ?” a little 128 page book filled with big insight into daily money management written by local author Janet Shore. “HEY! WHERE’S MY MONEY ?” regularly sells for $12.95, but as a fund raiser Spectrum Resources offers it with a tax exempt donation of $10.00 including shipping,  in the form of a money order mailed to Spectrum Resources 2014 Brentwood Dr. Auburndale, FL. 33823 or through www.Checkman.com/pay4it/12985 a online checking payment service.

Ms. Shore’s book “HEY ! WHERE’S MY MONEY ?” is an easy to read and easy to follow instructional and motivational book. This could be a great gift for a young adult entering the responsibility world of debt and credit, and at the same time supporting our educational efforts. Please help us help others in providing financial literacy, all tax exempt donations are welcomed and greatly appreciated.

“A Closer Look @ Medical Identity Theft”

Today’s topic is MEDICAL IDENTITY THEFT, a subject that can bring harm both physically and financially. If and when you are lying on a hospital bed,  the last thing you need is to have your medical history in error due to someone else who has used your identity.  Plus we all know the cost and nightmare of correcting hospital and insurance billing errors..not to many people welcome that challenge especially when it is an insurance bill due to a thief.   My mission is to provide education and options that will assist you in living INSIDE your income.

With identity theft on the rise these days, most of us are already taking steps to protect ourselves. But did you know that there’s now a growing form of identity theft known as “medical identity theft” that can not only devastate victims’ finances, but also compromise their health, too. According to Joy Pritts, JD, author of “Your Medical Record Rights”, here’s what you need to know.

What is Medical Identity Theft?

Medical identity theft occurs when criminals access victims’ medical records. Since medical records contain a person’s social security number and credit card information (if bills have been paid via credit card), criminals can open accounts and make fraudulent charges. However, criminals also gain access to victims’ health insurance policy information and medical histories, and they can create forged health insurance cards to sell to people who are uninsured and need expensive medical treatment. A person who buys a fake health insurance ID card would then seek treatment using the victim’s name and policy number, and then disappear, leaving the victim with the bills to pay.

Why Should You Be Concerned?

Victims of medical identity theft not only have to repair their credit and convince credit agencies and service providers that bills are fraudulent, they also have to correct inaccurate medical information that becomes part of their health records. Victims could be denied life insurance or individual health insurance if their record shows treatments that they did not have. In addition, victims could receive treatments or medicines that could be harmful to them on the basis of inaccurate content in their medical records.

Steps to Take if You Suspect a Medical Identity Theft

1. Read all bills and “Explanation of Benefits” statements from your insurance company to verify they are for treatment you received.
2. If a bill or statement refers to treatment you did not receive, contact the employee in charge of investigating fraud at your insurance company and at the medical facility involved and explain the situation. Follow up with a letter sent via registered mail with return receipt once again explaining the situation, asking for any bills to be voided, and asking that your medical record be amended to state that you did not have this health problem or receive this treatment.
3. Report the identity theft to the police department and state’s attorney general’s office.
4. Contact the health care providers you use, explain the situation, ask if the erroneous information has been added to the providers’ records, and if so, ask them to correct the records.
5. Report the fraud to the major credit bureaus and set up fraud alerts. Also, request free copies of your credit reports to make sure no new fraudulent accounts have been opened.
6. Review your medical records every few years to make sure there are no errors.

To learn more about your medical record rights, visit http://ihcrp.georgetown.edu/privacy/records.html.

 

 

“Education, Options, & Resources !”

Spectrum Resources is going WORLD WIDE through the efforts of www.Wordpress.com.  If you have been looking for a personal risk assessment planner who offers real solutions to daily money management problems – EUREKA !  Spectrum Resources, is a 7 year old 501c3 educational organization that assist families daily meeting their own unique problems will be offering you, along with them education, options and resources = solutions !

Through this amazing communicative tool www.Wordpress.com as a regular reader/student,  you will be entertained and enlightened at the not to widely known strategies and techniques in dealing with creditors.  You will learn to structure a personal spending plan that will get you out of debt AND raise your credit score at the same time.  How to stay in your home after missing several house payments. Spectrum Resources is a major consumer advocate organization who always encourages all who come looking for assistance in attaining financial self sufficiency to research their consumer rights, then exercise them.  The belief that if you don’t know your rights you have none play a big part in the offering of  ‘education, options and resources’ .   

This is NOT a blog giving financial planning advice, nor giving legal advice. It is an educational effort designed to introduce you to the logic in matters that concern you daily, and  motivate you to increase your skills to make better money management decisions.

Spectrum Resources is not funded by any grant or large corporate entity.  It is funded through service fees and appreciative tax-exempt donations paid through a money order mailed to Spectrum Resources  2014 Brentwood Dr., Auburndale, FL. 33823 or through a online check acceptance system: www.Checkman.com/pay4it/12985

Janet Shore, a local author has made available for a fund raising project her most recent book titled: “Hey! Where’s My Money ?”   This little 128 page book provides big information and is a $12.95 value offered to you for a tax exempt donation of only $10.00 and that includes shipping.  To order this dynamic HOW TO book as a way to help us help others, send your tax exempt donation to the address above or through the online checking service. 

I will leave you with this thought: “Remember, it’s not about how much you make, it what you do with what you have….that makes the difference.”

Come back and visit us often.