Find The Credit Options For You
Different Credit Options
If you are currently burdened by high interest credit card debt and seeking relief in the form of lower monthly payments or reduced interest rates, there are several debt relief strategies that involve loans which may be appropriate for you depending on your financial situation, credit score and your ability to show sufficient income. We will discuss four strategies here and explain five different loans associated with these strategies.
The four most common debt relief strategies that involve using a loan to restructure your credit card debt are:
- A Debt Consolidation Loan
- Refinancing an Existing Mortgage Through a Cash-Out Refinance or Home Equity Line of Credit
- Taking a Life Insurance Loan
- Using Proceeds from a Reverse Mortgage
In the first two strategies for reducing your debts using a loan, you will need to have good credit, be able to document your income and in the case of refinancing your mortgage, also have sufficient equity in your home. In the case of a life insurance loan, there are generally no “Qualification” requirements other than the fact that you own the life insurance policy and have sufficient cash value accumulated in the policy. In the case of using a reverse mortgage, there are some age and residency qualification requirements, and some things you must do on an ongoing basis to remain “Qualified” for this type of loan.
Each loan strategy has distinct advantages and disadvantages and not all loans are suitable for all individuals. You should consider all of your options carefully, taking into account your unique financial situation, before deciding on a particular option. Contact us today and we can explain each of these loan options in greater detail and provide you with a customized plan to help you receive the relief you need.
Bad credit generally describes a record of past failures to keep up with payments on your credit agreements, resulting in the inability to get approved for new credit. Having a lot of negative records, late payments or possibly a loan default on your credit report can undoubtedly result in lower credit scores Your credit score isn’t just a number. Good credit can open doors, while bad credit can stop you dead in your tracks. That’s because more and more businesses are using your credit to make decisions about you. At Bf Solution we offer a credit resolution team providing a customer experience with an effective credit improvement process. Our credit repair service includes everything you need to find and dispute errors on your credit reports making the most of your credit scores. We offer a credit Repair and recovery service in 4 stages …
At Bf Solutions we offer a team of certified credit counselors committed to educating customers on various financial issues providing them with the needed personal assistance to answer and overcome various debt traps consumers who have become overextended with debt. Our certified credit counselors.
Our Credit counselors offer advice on budgeting and money management advising clients unsure of how to approach creditors about settlement, payment plan and other forms of finance. The solutions provided and recommended by our credit counselors varies from customer to customer depending on the unique issue faced. The solution our professional offer has proven to be efficient and reliable across various instances.
Identity Theft
- unauthorized use or attempted use of an existing account
- unauthorized use or attempted use of personal information to open a new account
- misuse of personal information for a fraudulent purpose.
- Receiving bills for items you did not buy, accounts you don’t recognize, or medical services you did not use
- Charges on your credit card or bank statements you don’t believe are yours
- Notification that an unfamiliar account has been turned over to a collection’s agency, or receiving calls from debt collectors about a debt that isn’t yours
- Unexplained withdrawals from your bank account
- You stop receiving bills or other mail
- Notification that more than one tax return was filed in your name
- Denial of credit because of the fraudster’s actions
Stolen identities has become a more frequent cybercrime of recent years victims of identity fraud fell to 14.4 million in 2018, down from a record high of 16.7 million in 2017. However, identity fraud victims in 2018 bore a heavier financial burden: 3.3 million people were responsible for some of the liability of the fraud committed against them, nearly three times as many as in 2016. Moreover, these victims’ out-of-pocket fraud costs more than doubled from 2016 to 2018 to $1.7 billion. , Identity thieves have been known to target a large number of victims by striking through data breaches of major retailers and financial companies in addition to through stolen wallets, bogus websites and computer viruses by combing through your mail (snail mail and email), dumpster-diving behind businesses, posing as employees at legitimate businesses and using skimmers at ATMs to nab your PIN and financial account information.
Identity theft happens when criminals access your sensitive personal information to take out loans, open fraudulent accounts, falsify tax returns, purchase properties, or break the law under a false identity. If you have experienced any of the following you are recommended to consider our Identity Protection Service
- You’re already the victim of identity theft or at high risk of it; for instance, if your Social Security number has already been disclosed in a data breach or you’ve lost your Social Security card.
- You don’t want to freeze your credit reports.
- You know that you won’t go through the effort of actively monitoring your own credit.
- You have checked and don’t have adequate identity theft monitoring available
How We Assist
Credit Monitoring
We offer a Credit monitoring service which acts as a personal assistant and watchdog when it comes to your credit. can be particularly helpful for people who have lower credit scores and are working on improving them. We offer a credit monitoring service which gives you a frequent access to your credit history giving you the opportunity to check your credit report as often as you like reporting and alerting you whenever there are changes to any of your accounts, such as new accounts being opened in your name, a credit card balance increase, or negative information like a late payment reported by one of your creditors.
Credit monitoring can also be useful for those interested in a service that monitors changes to one or more of their credit reports, especially when there are credit inquiries related to applications for a new credit card account or loan.
Identity monitoring
We offer an identity monitoring service alerting client when your personal information — like your bank account information or Social Security, driver’s license, passport, or medical ID number — is being used in ways that generally don’t show up on your credit report. For example, identity monitoring services may tell you when your information shows up in:
- change of address requests
- court or arrest records
- orders for new utility, cable, or wireless services
- payday loan applications
- check cashing requests
- social media
- websites that identity thieves use to trade stolen information
Recovery Services
At Bf Solution we offer trained counselors and case managers walking all victims of identity theft through the troubles and difficulties of being a victim while assisting them on the path to reclaim their identity and finance. Our licensed recovery advocates are there to assist you and your business resolve to identity theft issues, complete your recovery work, report progress and keep you updated till all issues are resolved. In addition our Recovery which is made up of members of our investigative team work in close succession with various law enforcements across multiple judications and financial institutions Assisting you or your business replace and report any important document that has been lost, stolen or destroyed as a result of a theft documents such as National Identification Cards, Passports, Bank Cards and social security the facilitation of this documents or properties can be made possible on demand.
Identity Theft Recovery Services for Individuals
Our identity theft recovery service is tailored according to your individual incident, indicated below are a list of services offered by our professional Recovery Advocate
- Research determining the extent of the problem,
- review of all three credit reports
- Assistance with the placement of fraud alerts across all three major credit bureaus
- Issuing of letters and make phone calls behalf of the client with the aim of disputing fraudulent information’s
- Coordination with government agencies, financial institutions, creditors, etc. to resolve incidents
- Creating and maintaining case files which assist law enforcement in the prosecution of the perpetrators
- Follow up with you after recovery
In addition, we offer identity recovery services on a larger scale for business who have been victims of Identity theft
Identity Theft Recovery Services for Businesses
In addition, we offer identity recovery services on a larger scale for business who have been victims of Identity theft
Business Fraud Remediation: Our recovery Advocate work side by side with our investigative team assisting business which have been victims of fraudulently activities, Our joint team carry out researches to ascertain the extent of the damage while working in close succession with you to resolve disputes and fraudulent activities saving your business reputation and funds .
Identity Recovery: We have regularly assisted owners, officers and directors who were victims of fraud. In their place of business restore their identity back. We will assign a personal recovery advocate along with an investigative team will work hand in hand with you and various law enforcement and financial institutions ensuring the restoration of your identity.
Data Breach: When it comes to data breaches, we have a response service which is unmatched. Our investigate team works side by side with business suffering as a result accidental or malicious data breach incident, as in any breach situation time is of the essence to avoid loss of market reputation and essential information, our primary focus is protecting your brand.