I Was an Entrepreneur Masquerading as an Employee #2
A big day gone bad
Tuesday morning, I was on top of the world; a big day was in the making. I was going to secure the necessary funding needed to self-fund The FEEL Center Project LLC & Financial Fitness Gym and bring it to mainstream.
I'm still on top of the world I'm, just going to have to fight a bit long to self-fund. I will never sell out my talent for others wrongdoing! Corporate America (USH) you must really think I'm a fool!
The FEEL Center Project LLC & Financial Fitness Gym was delayed in its efforts to obtain the necessary funding. The finding which could have provided essential tools, skills and knowledge related to financial and personal data sharing, positive credit building, debt relief, will & trust, health care and financial power of attorney, identity theft protection and building financial security into the hands of the so many looking for long term solutions, not short term fixes.
The FEEL Center Project LLC & Financial Fitness Gym is the leverage needed for individuals to take on debt collectors, restore confidence in the credit and lending system, protect ones financial and personal data Our financial and personal data, which is being shared and breached at an alarming rate. 9/4/14 it has been reviled that .@HomeDepot allegedly hide for months the fact they had been breached according to this LA Times article.
If payment data were stolen, Home Depot would join a pack of other companies — including Michaels, Neiman Marcus, P.F. Chang's and Target Corp. — that have been targeted by hackers who made off with debit and credit card information from customers.
Data breaches are on the rise and it’s up to businesses like The FEEL Center Project LLC & Financial Fitness to do what we can to assist in giving individuals the tool, skill and knowledge needed to combat this abuse of the system and putting individuals at risk.
What is our mission?
The mission of The FEEL Center Project LLC & Financial Fitness Gym is simple. To focus on four elements which are essential to creating, maintaining, protecting and securing ones financial well-being.
1) Finances; you must have great relationship with your money!
2) Education; information is power!
3) Employment; should be an opportunity, not be a chore!
4) Legal; proper representation should you need it!
The FEEL Center Project LLC & Financial Fitness Gym is and could be that gift of a brighter future!
Are not we leaving too much to chance; relying on government, businesses, industries and employers to resolve issues they’re not fit to address, nor do they truly care about.
Why is this so important?
The importance of The FEEL Center Project LLC & Financial Fitness Gym allows individuals to gain a better understanding of their individual situation related to their financial and personal data sharing. With self-monitoring the very systems that make billions of dollars sharing and unfortunately not protecting our financial and personal data i.e. @Equifax, @TransUnion and @Experian_US.
To put debt collector in check and prevent this industry for causing more harm, by charging million on debt that is out of the statues of limitation and misleading tactics to manipulate the court systems.
Who will benefit
First and foremost individuals will benefit! We have a proven system to combat the abuse of our financial and personal data sharing system. We remove errors, inaccuracies and outdated information from your financial and personal profiles. Take a look at what progress we have made thus far.
Second, our economy will benefit! The credit and lending process is an essential part of our lives. Banks and financial institutions are making life changing decisions based on our financial and personal data. As with everything the more you understand something the better you are at managing it progress.
If more people had access to favorable credit and less risk related to credit products, we would see a very robust credit and lending industry; which would not only be favorable to banks and other financial institution. Collage loans wouldn’t be over a trillion dollars. Credit cards would have to charge up to 29% interest. With the number of credit related products, consumer would greatly improve the economy and risk related credit and lending would be greatly averted.
Unfortunate our credit and lending system relies on an out dates numbering system called FICO. This system is outdated and corrupt.
This numbering system which we known as the FICO scoring! It’s a bit misleading. It focuses on 5 factors to generate a score, better known as your credit score. There is a new FICO 09 score which will be available in the fall of 2014.
All the data collected obtained by our bank, lenders, and other financial and personal data collection facilities, they then to get it wrong some times. A bit more than we would like and a bit more than the law allows
Your credit score is a collection of data. So if the data is incorrect than your score is going to be incorrect.
Therein lays the problem! Today more than ever we are being misled into believing just what our score tells us. If your score is 800 you will receive an interest rate that reflex as such! The same applies to scores that are 700, 600, and 500 or below. Your score will dictate your interest rate, employment status, insurance premium and denial or approval of a variety of decisions related to matters of financial and personal concerns.
The FICO credit scoring system is important, don’t get me wrong. It’s just flawed as with all systems that are outdated.
Hypothetical 1; 28% of the country!
Out of the 5 credit scoring factors; you have 0 negative items. According to a study conducted by FICO on credit scoring impacts, a recent late payment can cause as much as a 90-110 point drop on a FICO score of 780 or higher.
Now what being missed is where is the impact? What is being impacted by the 90-110 points drop! 4 out of 5 areas are impacted; new credit is the only area that is left alone.
This is a good situation gone badly; it will take months if not years to get that 780 back.
Hypothetical 2; 65 % of the country!
Out of the 5 credit scoring factors; you have 8 negative over a period of 6 years. 3 of the negative items are over 7 years old and you live in a state where the statured of limitation is 4 years.
Of the 5 remaining negative items 1 30 day late, 2 60 late in the last 3 years! The last 2 items are collections you have agreed to make payments on.
Clearly all 5 credit scoring factors have been impacted by this hypothetical.
So you pulled your credit profile, because you’re making a bit more money and it’s time for that new ride. Your score is 620 score!
This score is incorrect!
You will likely get the car; that car would require a high down payment, high interest rate, and higher insurance. Say you went with the ZERO DOWN, that bit more money you were making is now gone; the likelihood of you defaulting and doing more damage to your credit profile is inevitable.
The problem here is your paying attention to the score; not your data. You’re feeding your needs not your wants. With just a little homework and 60 to 90 days that 620 could have been well over 700!
Find out why this credit score is incorrect in part 3 of I was an Entrepreneur Masquerading as an Employee. If you should come up with answer before then, please email me @ firstname.lastname@example.org
Now put the hypothetical 2 on everything related to financials. Homes, credit cards, store cards, gas cards, motor vehicles, loans, business, student and personal! You get the picture! Now multiply that by 70 years for men and 80 years for women.
This is hundreds of thousands of dollars lost over a lifetime due to data manipulation.
It’s time to get financial fit people and The FEEL Center Project LLC & Financial Fitness Gym is just the David to take on this Goliath.
We can either allow businesses, institution, industries; corporations and yes sad to say even government to stand in the way, or we can get educated ourselves and move them out of the way.
The choice is yours! Financial fitness is and could be the answer to all ones problem.
Welcome To The FEEL Center Project LLC & Financial Fitness Gym
One Day Closer To Changing The World