KIG Hall, an established agency in the credit domain, specializes in namely; credit repair, credit report, credit score, credit cards, and personal finance. Empowering debtors and creditors alike, the core segments have been fully furnished in a transparent manner as per below.

Note: More information is available on the (widget) of KIG Hall’s site, thank you.


Management of Credit

At KIG Hall, you’ll learn to identify the new and aged credit repair companies. The best clean up service is non-existent. For those who sincerely searched for the appropriate educational materials, they’ve found an affordable way to fix their personal asset-liability portfolio – restoration via the most classic way – hybrid manual tweaking with external financial help.


Credit repair, certified by legislative authorities, distinguishes into 3 aspects; 1. Affordable (not cheap), 2. Aggressive, 3. Outsource. Knowing the key differences between three variants will aid in time to come.


1. Affordable Credit Repair: If you’re in search of the best yet cheap credit repair provider, this section could be of great assistance to you. Spending some slosh-able money to fix your credit cheaply translates into getting a quick repair – approximate pricing begins from $99.00 to infinity (bigger packages or upsize contracts).

Examples: Temporary increase of credit limits (also known as over-the-coverage ratio) and securing payday loans are two examples of getting an affordable credit repair service.


2. Aggressive Credit Repair: Stuck in a dilemma of unsuccessful attempts, new mortgage, auto loan or simply re-applying for credit cards, arranging for the most aggressive credit repair sounds like an optimal solution, in which getting the “job” fixed is of the top-best priority. Investing significant amount of cash is required to put on a show for creditors and claimants to take notice – comprehensive coverage depends on the list of agency’s involvements per dispute attempt (minor operation to major removal).

Examples: Filing legal disputes against falsified information from claimants and pursuing identity theft cases are two real-time examples of the most aggressive credit repair specialist.


3. Outsource Credit Repair: Finding hard to handle your personal credit mix portfolio, entrust your individual profile to an outsourcer, financial consultant, economic planner, and other certified chartered financiers. Outsourcing often reveals more advantages due to niche expertise and relevancy – pricing guide observes multi-functional variants (contractual agreements, freelancing, part-time hourly, or full period employment).

Examples: Credit karma and 609 credit repair are two long-tenured companies that served appropriately in this example of an outsource credit repair agency.


Alternatively, you may invest time and efforts in digesting informational sources at KIG Hall’s mega-library, should time permit. Information disseminated are for educational purposes (catering to the debt markets) and deemed as knowledge enhancement initiatives. Debtors undergoing bankruptcy filings or looking to empower their personal finances can leverage on the mega-content articles here.


Management of Credit Report

At KIG Hall, you’ll be familiarized with the dos and dons of your credit report. A perfect credit report is never found. For those who possessed unwavering determinations, they’ve build an impeccable fortress in maintaining clean-sheet credit records – often receiving the best incentives and rates from financial institutions – never lacking in promotional giveaways.


Credit report, closely observed by many debt-financing lenders, derives from 3 sources; 1. Experian, Equifax or TransUnion, 2. Local governmental agencies, 3. In-house vendors. Each house has its pros and cons that will help bolster your financial productivity in different means.


1. Experian, Equifax and TransUnion: If you’re taken charge of your individual financial health, learning more on these 3 credit reporting agencies could be of significant help to you. Investing ample time in figuring out the expertise of either three credit bureaus often fetches high-quality domain knowledge – identifying useful tips & tricks in mending a report.

Information: Each one of you are entitled to a free annual credit report (per agency), totalling of 3 reports; 1st experian credit report, 2nd Equifax, 3rd transunion.


2. Local governmental agencies: Finding new lawsuits against you, one good idea is to seek help from law enforcers (provided you did not commit with any criminal offense). Spending some time voicing your sorrows to the assigned officer is obligatory – reasonable actions might be taken to stop creditor’s hot pursuits in recovering bad listings.

Information: Under the Fair Issac Corporation law, lenders are not allowed to re-list same complaints on the credit report; FICO company adheres strictly to non-abusive usage.


3. In-house vendors: Not being convinced by local counties or credit reporting bureaus, seek financial assistance directly from third-party vendors. Herein lies some risks due to the lucrativeness of the industry – agencies could be a credit reporting franchise or data-analytics service provider (not of an actual statistical reporting relevance).

Information: No one has the right to imposed attorney powers on your credit report, only you’ve full control and access to information disseminated (accompanied with full rights to know the directions or actions of the dealing agents).


Alternatively, you can retrieve your free credit report from any one of the three aforementioned companies (up to three times a year). Exceptions are, but not limited to; legal disputes against claimants, identity thefts, loss of interview or failure to secure new loans. The contacted firm has to answer your queries within the stipulated time frame.


Management of Credit Score

At KIG Hall, you’ll figure out the art and science of calculating your credit score. There is no such thing as the “correct” answer in determining the best score, nor there is any “accurate” scoring models. For those who diligently checked their credit scores, they’d reasonably understood the modus operandi of financial modelling – probably inventing some “secret” recipes in bolstering personal credit health.


Credit score, carefully planned by financial analysts, separates into 3 segments; 1. Financial engineering, 2. Financial institutions, 3. Data analytics corporations. Leveraging on the pros of three different segments may lead to financial fruition.


1. Financial engineering: If you’re finding an ideal solution to check your credit score, the following soft credit check score model(s) should be of significance. Learning how integrated scoring models, usually automated to a certain extent, may help in lowering entry barriers – experienced individuals often perform credit clean up on their own (after engaging several specialists).

Methods: VantageScore 3.0 model and FICO scoring platforms are two high-quality ways in determining your credit score.


2. Financial institutions: Lenders liaised with local credit reporting agencies to check on your current credit profile; payment history, recently updated information, new lines of credit, debt utility ratio, and reasonable questions. Such investigations required to discover your credit score – obtaining a good score range of 609 – 790 is advisable.

Methods: Discover fico scorecard and capital one credit scorecard yield the ability to review your credit score and determine the approval odds.


3. Data analytics corporations: Big data harvesting has been the key to successful debt management. Both local governments and banks invested resources and money to manage high influx of data on a day-to-day basis. Recent researches reviewed that credit scores play a vital role in financial sectors; lending, investing, borrowing and repayment schemes.

Methods: Low credit score mortgage and highest credit rating possessed different treatments from lenders – former needing to pledge collateral (security deposits) or personal assets while the latter receiving lowest interest rates on loans and special credit enquiries.


Alternatively, you may perform a detailed credit score check on your own. KIG Hall’s information centre is an enabler for you to research on myfico procedures, scoresense process and render credit inquiries to relevant reporting agencies – a fraction of cost or sometimes getting free financial reporting assistance from local bureaus.


Management of Credit Cards

At KIG Hall, you’ll gain much exposure on the entire banking flow from applying for credit cards to sourcing for 0% balance-transfer schemes. Compare credit cards time to time is not a valid option in the long term, not to forget on unsecured credit facilities interest rates. For those who adopted financial prudence in managing their credit cards, they’ll gain experience on various means to get a local bank’s approvals – being highly demanded cardholders in the eyes of relationship managers.


Credit cards, designed specially by creative marketing agencies in banks, segregates into 3 prominences; 1. Credit cards, 2. Debit cards, 3. Cash advances. Cardholders inherit proper techniques and tools on the foundation of credit card companies.


1. Credit cards: If you’re applying for one of the best credit card, visa gold card for business purpose, bank of america credit card for entertainment, Citibank miles for travel rewards, this information should be useful. Fishing out the niche expertise of banks targeting cardholders is a skill you have to nurture – getting maximum benefits and incentives from financial institutions.

Applicant: Visa gold card and Mastercard credit card are two household brands that must not be missed, not to mention 0 apr, JCB or American Express variants too.


2. Debit cards: Lenders faced a dilemma in issuing out new cards. A charge card or debit card is known to help borrowers rebuild payment history, acting as a gateway to enable creditors in reviewing debtor’s reformation. Debit cards, however, do offer similar benefits and function like credit cards (only con is without bank’s leverage).

Applicant: Hsbc charge cards and Chase debit cards are domestic variations to be in your wallet, implementing more debit facilities aid in bolstering financial reputation.


3. Cash advances: Withdrawing cash on credit lines is one lucrative mode. Financial institutions offer bank overdrafts which help to cope with sudden cash-strapped for consumers. You can use this facility to your advantage, shortfall of cash, emergency fees or even to finance another line of credit.

Applicant: Credit scorers above 609 score have an opportunity to leverage, 650 – 750 being the optimal condition – lower than 609 is subjected to reviews or requiring credit union aid.


Alternatively, you may learn to build a passive income generator stream such as dividends from equities or coupons from bonds. Regular passive income streams help significantly in financing purchases. KIG Hall’s library advocated Personal Finance expertise for consumers to indulge in.


Management of Personal Finance

At KIG Hall, you’ll adopt imperative measures on deciding relevant strategies to be implemented. There is no one-size-fits-all strategy. Each individual and his/her circumstance vary, which is why personal finance management is sophisticated. For those who received education on debt variations, they’re able to eliminate reparations and signed up for new credit lines – credit cards, mortgages, autos, personal and payday loans.


Personal finance, practiced by financial disciplined investors and savers, falls into 3 categories; 1. Investors, 2. Savers, 3. Borrowers. Money consumption is volatile in these three areas and you have to determine which category best suited your personal needs.


1. Investors & Lenders: Corporate and individuals are known in this spectrum. Wealthy businessmen invested in business cards for returns on investments, portfolio mix comprise of; equities, bonds and diversified asset classes. Individual investors placed fixed deposits, term and currency money-market accounts, thereby generating fixed income cash flows from returns.

Incomes: Art of war by Sun Tze and The 10X Rule by Grant Cardone are strategies being implemented throughout the ages (since ancient medieval times).


2. Lenders & Savers: Domestic residents set up new current and saving accounts (CASA) under licensed financial institutions such as banks and credit unions. Though the amounts deposited might not surpass (impending) inflation rates, you have the consumption powers to bargain for better offers.

Incomes: Annual bank interests and highly liquid asset ready to be injected into the economy.


3. Borrowers & Speculators: Corporate and individuals resided here. Debtors either leveraged on fresh funds to increase their financial competence or initiated secured and unsecured loans to finance purchases – both ways path the way for economic and financial mobility. You’ve the choice to spend on goods or to borrow for investment purposes.

Incomes: Almost negligible returns to negative returns, local governments had tightened financial regulations on yield-hungry banks while imposing harsh penalties on consumers with bad credit scores.


Alternatively, you’re free to decide your personal finance route – freedom or slavery. When you initiated the first step in receiving quality education, KIG Hall’s site shall be an integrated solution provider in every core aspects of credit expertise. A mega-content library disseminates free financial information in a transparent and open manner.


Quote of the Month: “You determine your financial outcomes – KIG Hall [2013-2018]”


Relevant Topics

» Do’s & don’ts of a credit report: Learn more about using a report card to your advantage!

» Do’s & don’ts of credit repair: Find out various means to fix a bad credit report!

» What do you need to know about a credit repair: Do the right things here!

» Do’s & don’ts of a credit score: Boost your current credit scores!

» Pros & cons of a credit report: Receive high-quality education to financial prosperity today!


This article was originally published on January 28, 2014. It has since been updated.