Why Maintaining Good Credit Matters

What is Credit Restoration?

Hannah Fliegel

Hannah Fliegel is a credit restoration expert, and her company, assists clients in navigating the credit repair process efficiently. Credit Restoration begins with the dispute process in an effort to remove negative trade lines on a consumer’s credit report by challenging, inaccurate, obsolete or unverifiable information. Once the dispute process is complete, clients are provided with strategies to boost their credit score and teach them how to maintain a good credit rating moving forward.

Hannah is also a real estate investor who maintains a credit score of 819 and services well over $1.2 million of mortgages.  Home loans and lines of credit are drying up for investors who have less-than-perfect credit.  By maintaining stellar credit, investors have more options for investment opportunities.  Hannah has assisted hundreds of real estate investors in removing their short sales, foreclosures, deed in lieu and bankruptcies from their credit reports.  She also uses credit repair for all her lease-option tenants.  She has earned the nickname the “foreclosure fixer” because her high success rate of removing foreclosures from the record.

Why Credit Repair after Short Sales, Foreclosures or Deed in Lieu?

The damage to the credit score itself is caused by the late payments leading up to the short sale, foreclosure or deed in lieu.  Typically, it’s an 80 point hit. From a credit stand point, there is little difference between a short sale, a foreclosure or deed in lieu of the loan is a non-recourse loan and the lender forecloses by deed of trust.

Why Credit Repair after bankruptcy?

Typically, a consumer loses 120 points to their credit score when they file for bankruptcy. Once the bankruptcy is discharged, a client should sign up for credit repair.  If clients were to pull their credit report, they would see the bankruptcy as well as the other negative trade lines that were included in the bankruptcy.   By signing up for credit repair, all the negative trade lines that were included in the bankruptcy would be removed causing an immediate 60-point recover to their score and a huge improvement to their credit rating.  Ironically, 50% of the time the bankruptcy itself will be removed from the consumer’s credit reports.

Hannah Fliegel began investing in real estate in 2004. After having a pre-construction deal in south Florida go south and compromise her credit, Hannah discovered the world of credit restoration. Hannah is living proof that lemons make great lemonade! A true entrepreneur, Hannah is the mother of two and she is married to a litigation attorney, who is partner at an international law firm.

You can learn more about Hannah and her work at Hammered Credit