Financial Crossroads, California Offers Tips for Life After Debt

Santa Ana, CA, November 12, 2009 --( Financial Crossroads, a leading debt resolution company based in Santa Ana, California, is offering tips and information for credit consumers who are struggling to have “life after debt” and recover from their negative credit situations, which include account charge-offs, bankruptcies, foreclosures and other adverse credit scenarios.

“People need to know that there are still options after their credit is damaged and there are some things that can be immediately done to rebuild their credit scores,” said Liz Baker, founder of Financial Crossroads, California.

With credit card defaults reaching record levels, more and more consumers are finding themselves in the position of not being able to keep up with their credit card payments, significantly affecting their credit scores in the process.

Some tips that Financial Crossroads are offering to help consumers include:

1. Negotiate payment terms with existing creditors. Unless you file for bankruptcy and have your debt discharged, creditors can potentially harass you for years to come. It is not a good idea to ignore your debt, but rather negotiate terms and conditions to manageable levels. Financial Crossroads can assist consumers in dealing with their creditors on payment terms and debt settlement options.

2. Acquire a secured credit card. Obtaining a credit card backed by your own funds will allow you to demonstrate payment responsibility to your new creditor, as well as others, which can increase your credit score in the process. After time, your new creditor may lift the restrictions, allowing you to have a traditional line of credit. However, Financial Crossroads says to be cautious of adding any new credit, so you do not replicate the problem that led to damaged credit in the first place.

3. Utilize the Payment Reporting Bill Credit (PRBC) Report. The PRBC is a consumer reporting agency and credit bureau that collects payment information according to the Fair Credit Reporting Act. It offers consumers a way to build their credit files and demonstrate credit responsibility. The PRBC offers a report and score that can supplement your scores from the “Big 3” bureaus (Experian, Equifax and Trans Union).

Financial Crossroads also is noting that consumers can take common sense and responsible measures to ensure their credit is restored in a reasonable amount of time, allowing them enjoy financial freedom in the years to come.

For more information and tips from Financial Crossroads, California, visit or call 1-888-912-3328 for more information on the company’s services.

About Financial Crossroads, California

Located in Santa Ana, California, Financial Crossroads is a member of The Association of Settlement Companies (TASC) and offers solutions and programs to Americans looking to get out of debt. With its main offices in California, Financial Crossroads uses a multi-faceted approach to assist clients to become free from credit card companies and other unsecured debtors in a relatively short period of time.

Financial Crossroads California
Liz Baker
505 N. Tustin Ave. Suite 207
Santa Ana, California 92705