If I have poor credit from too many late payments how do I start repairing my credit?

If I have poor credit from too many late payments how do I start repairing my credit?

Does credit counseling really work?

Does credit counseling really work?

How does personal bankruptcy affect my credit?

How does personal bankruptcy affect my credit?

If I do my own debt cancellation plan, where do I start?

If I do my own debt cancellation plan, where do I start?

Are cancelled checks or money order receipts good enough for proof of payment?

Are cancelled checks or money order receipts good enough for proof of payment?

What do I need to do to my credit report to reflect new balances?

What do I need to do to my credit report to reflect new balances?

What might hurt my chances of getting out of debt?

What might hurt my chances of getting out of debt?

What is the overall best credit mix?

What is the overall best credit mix?

What is the worst type of credit account I could have?

What is the worst type of credit account I could have?

How do late payments & other negatives from 2 years ago affect my score?

How do late payments & other negatives from 2 years ago affect my score?

I'm at the maximum limit on my card.  Will it affect my score even if I pay on time?

I'm at the maximum limit on my card. Will it affect my score even if I pay on time?

Is paying credit cards more important than installment loans or mortgages?

Is paying credit cards more important than installment loans or mortgages?

Why is each credit score different?

Why is each credit score different?

Do I have more than one credit score & what are they?

Do I have more than one credit score & what are they?

How do I find out what my credit score is?

How do I find out what my credit score is?

Why are credit scores so important?

Why are credit scores so important?

Who uses credit scores?

Who uses credit scores?

Understanding Credit Scores

Understanding Credit Scores

How do I optimize accounts to raise my credit score?

How do I optimize accounts to raise my credit score?

Does being an authorized user on someone else's account help my credit score?

Does being an authorized user on someone else's account help my credit score?

Can I legally stop inquiries to my credit score?

Can I legally stop inquiries to my credit score?

What if a negative account is less than 2 years old?

What if a negative account is less than 2 years old?

I have negative accounts older than 2 years.  Will paying them increase my score?

I have negative accounts older than 2 years. Will paying them increase my score?

Who is responsible for correcting inaccurate information?

Who is responsible for correcting inaccurate information?

What should I do if there is inaccurate information on my credit report?

What should I do if there is inaccurate information on my credit report?

Are companies' claims offering credit repair legitimate?

Are companies' claims offering credit repair legitimate?

What might hurt my chances of getting out of debt?

What might hurt my chances of getting out of debt?

What do I need to do to my credit report to reflect new balances?

What do I need to do to my credit report to reflect new balances?

Are cancelled checks or money order receipts good enough for proof of payment?

Are cancelled checks or money order receipts good enough for proof of payment?

If I do my own debt cancellation plan, where do I start?

If I do my own debt cancellation plan, where do I start?

How does personal bankruptcy affect my credit?

How does personal bankruptcy affect my credit?

Does credit counseling really work?

Does credit counseling really work?

If I have poor credit from too many late payments how do I start repairing my credit?

If I have poor credit from too many late payments how do I start repairing my credit?

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Markita Aldridge

Mortgage Consultant, WestStar Mortgage

www.thelendingadvisors.com  

703-497-3936

Markita has been called :The Queen of Mortgage Financing especially after a BK". Since 2002, Markita has been a top-producing loan officer with WestStar Mortgage located in Lake Ridge, VA. She offers her clients expert service in mortgage financing regardless of credit history. Markita's former career as a professional basketball player with the "Washington Mystics of the WNBA" has been her foundation for creating a TEAM atmosphere when dealing with her mortgage clients. She truly believes Together Everyone Accomplishes More! You can visit her website at <a>www.TheLendingAdvisors.com</a> for more information and several FREE mortgage reports that reveal lending secrets other mortgage bankers don't want you to know!

Are cancelled checks or money order receipts good enough for proof of payment?

Mortgage Consultant Markita Aldridge discusses whether cancelled checks or money order receipts are good enough for proof of payment.

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Host: After I have paid the accounts, are cancelled checks or money order receipts good enough for proof of payment?

Markita Aldridge-Woods: Many of times you can show those receipts to lenders and other companies to show those accounts to be paid, but the very best thing that you could do after you have paid an account that was negative, and you have brought that balance to zero through some type of settlement, or payment arrangement, you want to get a letter from that company on that company s letterhead, stating the new balance and a new status of that account. For instance, if you paid off account, you wanted to say the account now has a zero balance and that account was maybe settled for less than agreed. So, the best thing that you could do once you pay these accounts off is to get a letter on company letterhead that shows what the new account status actually is.