Kotel Financial

Friday, August 3, 2012

Florida Local Reviews interviewed Kotel's Marketing Coordinator Maria Carta

Take a look at what she had to say:

http://floridalocalreviews.com/review/462-2/

Mo: What made you want to start Kotel Financial?
Maria: Kotel is the Wailing Wall in Jerusalem. It acts as a holy temple where people go to pray and wish for a better life and better things. This sacred place keeps people safe and at ease with their lives. That is why the name, Kotel Financial. We want to act as that place. A place where people can come to us with their problems at ease, and know that we will help them with everything they need. A place where they will receive quality treatment and service, somewhere where they will feel safe. After all, credit repair deals with private information, and we take that very seriously. Since we offer an array of financial services as well, we want to act as that place where you can choose a better option for you, out of all the opportunities we have to offer.

Mo: If you had to pick one thing out of your day, what’s the most exciting / favorite?
Maria: My whole day is pretty exciting, really. I love working with my co-workers and being part of the growth of this company. Kotel Financial just recently started in March 2012, therefore there are many projects getting started and many ideas taking place. That is something that makes me excited every day, and being able to be part of it is even better.

Mo: Who is your ideal customer?
Maria: Kotel Financial’s ideal customer is anybody that might be facing financial struggles. It might be towards fixing your credit for a future rental or car lease, for lower interest rates or for personal peace of mind. We can also help small businesses get started by building business credit or providing great opportunities for business loans. Also, we help individuals with personal loans. Our eminent mission is to help individuals and businesses achieve financial freedom and peace of mind through our individually designed credit enhancement programs and array of financial services.

Mo: Do you use the Internet to market Kotel Financial? What are the biggest marketing challenges you face?
Maria: Yes, we do use the internet to market Kotel. Everything is still at its beginning stage, so that is something that we are facing as a challenge, to build and engage audience in our social media websites. We are also redesigning our website. All of it is a process, so slowly we will get there. We also have a lot of competition, but we stand out. The problem is, since we are at the beginning stage, it is hard for us to start standing out. We are not simply a credit repair company like most of our competition. We are a financial services concierge, for high end clientele, offering diverse options for our customer’s financial freedom. We do not have credit repair as our only option of services, we also provide business loans, personal loans, business credit, debt negotiation, factoring, trade lines and wealth management.

Mo: If you could change one thing about your businesses day-to-day routine, what would it be?
Maria: Honestly, nothing. Everybody at work is very professional and kind. It is a pleasure working with all these people. The work flow in the office is always organized and smooth. Everybody does their job and knows what they are doing. Since the company is at the beginning stage, and growing each day, everybody has the commitment and energy of making this company grow even more. We all see great potential in Kotel Financial.

Mo: Any new specials you can tell our readers about?
Maria: Not particularly specials per se, but why Kotel Financial is special and different from all those other credit repair companies. Credit repair companies have a negative reputation. We want to change that perspective by offering quality services to our customers. Kotel Financial can achieve maximum results for every client who walks through our door. Most credit repair companies are online and do not have a personal relationship with their clients.
At Kotel, a client can come to our offices and personally sit with a credit specialist to go over his or her credit report in detail. Rather than interacting with a computer screen, you will be face-to-face with actual human beings – - credit professionals who will explain every step of the process.
Our team of professionals is willing to go the extra mile to obtain results. Our process ensures that all inaccurate information on your reports is permanently removed. Besides enhancing your credit, we educate you on how to maintain a healthy score, and how to use it to your financial benefit. After the process has been concluded, our clients rely on us for information, advice and guidance on all future financial decisions. We also provide an array of different financial services; we can help you with auto leasing and personal/business loans.

Mo: If you had a chance to say one thing to a brand new customer, before they walk in the door, what would it be?
Maria: Welcome to Kotel Financial. Our services will change your life.

Thursday, July 26, 2012

The Epic Business Expo

Thursday, August 2nd @ 6PM, Kyma Lounge in the Epic Hotel. Join us for an evening of Networking and Refreshments.
Where the highly successful meet to exchange, express and impress! An engaging creative event that focuses on business networking and cross marketing in a fun and interactive way. This is the first introductory event giving the high impact professionals the chance to meet and mingle!
No Cover Charge and Bring Business Cards.
Looking for Business or Personal Loans? KOTEL FINANCIAL will be available to help you!

Tuesday, July 17, 2012

Top 6 credit score misconceptions

You know the 3-digit number has a powerful influence on your financial life, but some other things you 'know' might just be wrong.

http://money.msn.com/credit-rating/top-6-credit-score-misconceptions-forbes.aspx

Article by Justine Rivero from Frobes.com

Credit scores were never meant for consumers.

Implemented in the 1980s for lenders and banks to provide an algorithm-based assessment of consumers' creditworthiness, the clandestine, proprietary credit score models are the credit industry's secret sauce, and they sell it to every bank and lender on the market.

Image: Creditcard Computer © Stockbyte, SuperStock

So it's no surprise that most consumers have misconceptions about their credit, especially when it comes to what hurts and helps credit scores. In fact, a recent survey found that 42% of Americans would prefer a letter grade associated with a credit score rather than the traditional three-digit number. A letter grade would presumably help consumers to better grasp where they rank in creditworthiness.

And most Americans rank pretty low. With the average credit score at 661 nationwide, according toCredit Karma, a majority of Americans have poor credit, which means most consumers would be hard-pressed to gain approval on mortgages, loans and credit cards. If they are approved, it's likely to be at exorbitant rates.

Polishing up your credit starts with understanding the ins and outs of credit scores. Here's your cheat sheet to debunking the top myths about credit.

1. FICO is the one, true credit score. While the FICO credit score is widely known, there is no one, true credit score. There are dozens of credit score models generated by each credit bureau and unique to different industries, such as mortgage lenders and auto insurance providers. Risk assessment isn't consistent from industry to industry or even lender to lender. For example, your credit score pulled by one credit card issuer is likely to differ anywhere from 5 to 50 points from another issuer.

Lesson: You can't predict what credit score a lender will assess you by. Since you can't keep track of dozens of scores, track one credit score, such as the free credit score (see "Are FAKO scores worthless?") provided by Credit Karma, for a general sense of your credit health. While the actual numbers may vary, you're often in the same "risk range" across all credit score models. As you build and improve the factors affecting your credit score, your scores should pick up across the whole spectrum of scoring models.

Calculator: How long to pay off your credit cards?

2. Checking our score is bad for your credit. There are two types of credit checks. Hard inquiries knock a few points off your credit score and are initiated when a financial institution pulls your credit report to assess you for a lending decision, such as approval for a mortgage or credit card. Soft inquiries do not affect your credit and are initiated as part of a background check, such as for pre-approved offers or as part of a hiring process. When you check your own credit score, it is considered a soft inquiry and won't affect your credit score no matter how many times you check.

Lesson: Go ahead and check your credit score as often as you'd like. You have nothing to lose and tracking your progress over time will give you more insight into what's affecting your credit.

3. My credit score affects future job opportunities. Contrary to popular belief, potential employers don't look at your credit score. They actually pull your credit report, which is a data-rich document detailing your credit history. Employers look at your credit report as part of your background check, but they must get your permission before doing so. Take the pre-emptive step to review your full credit report for free at AnnualCreditReport.com, which provides you with a free credit report once a year from each of the three credit bureaus. Regularly check your credit report throughout the year by spacing your free credit reports every four months.

Lesson: Your future job opportunities could be influenced by your credit report, so check your credit report regularly for errors and fraudulent accounts. The Federal Trade Commission has a quick guide on how to dispute credit report errors.

Tuesday, July 10, 2012

U.S.A. consumer credit surged 10 % in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.

Outstanding consumer credit increased by $20.37 billion during the month, the Federal Reserve said on Monday. That was the biggest gain since November 2001 and nearly three times the median forecast in a Reuters poll.

Revolving credit, which mostly measures credit-card use, rose $5.60 billion, a third straight monthly increase.

"Credit growth is a positive sign for the recovery in that it signals increasing demand and willingness to spend," said Paul Edelstein, an economist at IHS Global Insight in Lexington, Massachusetts.

Edelstein said, however, that there was a risk the credit growth could be a sign that chronic unemployment was leading more people to turn to credit to fund necessary expenditures.

The government said late last month that consumer spending edged up just 0.2 percent in November, with households cutting back on their saving.

JPMorgan economist Daniel Silver said the increase in credit card borrowing might have been aided by some big banks imposing new fees on debit card use. It "may have pushed people to favor credit cards over debit cards," he said.

The increase in consumer credit was the 13th in 14 months and the biggest jump since creditors boosted lending in the wake of the September 11, 2001, attacks in New York and Washington.

Nonrevolving credit, which includes student and auto loans, rose a seasonally adjusted $14.78 billion in November.

Government lending to students appeared to be a significant factor in the increase, rising $6.4 billion. Unlike the broader credit gauges, the student lending data is not adjusted for seasonal fluctuations.

Over the 12 months through November, government loans to students rose 31.9 percent, outperforming any other kind of non-revolving loans tracked by the Fed, including those made by commercial banks.

However, there are some signs the surge in student lending registered since the last recession is tapering off. Year-over-year increases in student lending peaked at 78 percent in September 2010 and have trended lower since then.

Reporting by Jason Lange; Editing by Kenneth Barry and Leslie Adler from NBC Miami

http://www.nbcmiami.com/news/The-Dolphins-Want-Peyton-Manning-137867263.html

Wednesday, June 27, 2012

Finance World

Alejandro Rubinstein formerly headed the trading desk at Citibank Latin America and Itau International Latin America. He is currently one of the managing partners of Kotel Financial, he has an outstanding knowledge in Finance and Economics. Click on the link below to visit his blog. There you will find great information about his work and thoughts. Enjoy!

Alejandro Rubinstein's Blog

Tuesday, June 19, 2012

The importance of knowing your your credit score

Take a look at this quick video about knowing your Credit Score (click on link) . Keep in mind that if you check your score online and it is not correct or where you want it to be, Kotel Financial's extremely confidential and trustworthy credit repair services are unique and effective!