Credit Repair and FCRA Reporting Limits

The Fair Credit Reporting Act (FCRA) is the law that stipulates the amount of time derogatory information can remain on your credit report. Most people attempting credit repair are aware that most derogatory information can report for up to seven years. This is easy to calculate for a simple item like a late payment. If you were 30 days late on a credit card payment in January of 2001 the late payment can continue to report until January of 2008.

Credit Repair and Modified Reporting Limits

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“If it’s not growing, it’s going to die.”

…Michael Eisner

In 2009 north Minneapolis community coalitions need to implement a “40/40/40 Community Benefits Agreement” with any organization planning to develop, create or build in the community. A community benefits agreement, or CBA, is a private contract between a developer and a community coalition that sets forth the benefits that the community will receive from the development. Common benefits include living wages, local hiring and training programs, affordable housing, environmental remediation and funds for community programs. CBAs ensure that development is equitable and benefits all members of the community, eventually contributing to stronger local economies, livable neighborhoods and increased public participation in the planning process.

The 40/40/40 CBA is structured to insure there is a equal spread of 40% investment into the community before (development and construction), 40% during (employment of community residents) and 40% after (a set level of community engagement based on earned and applied funding streams to benefit the community in the form of grants and program support). This blanket agreement should be applied to agencies like the University of Minnesota, Metropolitan Transit, local banks and any developer or City of Minneapolis coalition coming into north Minneapolis with a proposed projects.

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The highlight of the interview process is its culmination in a job offer.  To get here, the candidate has successfully navigated through many hurdles:  resume review, phone screen, multiple interviews, references checked and perhaps a psychological test.  These events typically transpire over weeks and in many instances months.

The hiring process is not complete until there is an agreement between the organization and the candidate.  This final step is as important as any of the prior steps for both parties.  The goal is to secure a win win agreement between an organization and a candidate.  This can be a delicate part of the process especially when there is a substantial gap between the offer made by the organization and the expectations that a candidate has for the role.

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Debt Negotiation happens in two basic ways: by a professional, or by yourself.

Here are a few strategies the professionals use when handling a debt negotiation on your behalf.

In this discussion, we are only looking at “unsecured debts”, which includes credit cards or medical debts most commonly. It simply means any debt which has no collateral, such as a car loan, home loan, boat loan, etc.

Before you start any debt negotiation, you should expect that you’ll take a “hit” on your credit score. Any creditor who lent you money is not going to just let you get out of paying any less than the full balance and let you retain perfect credit.

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Employee turnover is rampant in certain forms of selling.

Specifically, telephone salespeople come and go at an astonishing rate. Helping my consulting clients, I’ve tried to staunch turnover that has ranged from 300% to 1200% per year.

I even offered a class across the country aimed at eliminating telephone turnover. It wasn’t successful for a host of reasons, none of which pertained to the quality of information or my techniques for keeping hires aboard.

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