| Raising credit score is not hard once you start thinking | | | | account balance, wrong account limit, I didn't pay late |
| outside the credit box. Most of the 35 million | | | | that moth etc).Contrary to what you might think, there |
| Americans with less than stellar credit have embarked | | | | are very few original creditors who keep decent |
| on the traditional way of fixing credit score-financial | | | | records. Most credit card and mortgage landing |
| discipline, careful budget planning, patience and | | | | companies only keep records for a 13-18 months. |
| dedication. A small percent of Americans, however, | | | | Why?Because it takes a lot of money to preserve |
| hove found there are a lot easier and faster ways to | | | | various data in your files as well as to transport data |
| fix FICO score. The only thing required is knowledge | | | | from one system to another ( in case of acquisition). |
| about the credit system and various loopholes in it. | | | | So if you debt dates back to more than a year and a |
| Here are 3 simple tips that will help you understand | | | | half ago, the original creditors might not be able to |
| how fast credit repair works: | | | | prove that you are wrong. If the collection agencies |
| 1 The collection agency strategy. | | | | have no record to prove that the specific listing is |
| Contrary to what you think, paying off an old collection | | | | correct, they are required to remove the negative |
| can actually lower your credit score. Why? Because it | | | | items from your record |
| will upgrade the account status to "current". The bad | | | | 3 The lawsuit strategy. |
| debt (although now paid) will continue to impact your | | | | Stop thinking about yourself as the victim in the credit |
| score adversely and will stay on your report for | | | | game. You have more rights than you think. For |
| additional 7 years. If you want to fix collection | | | | example, under the Fair Credit Reporting Act you are |
| accounts, you have to approach collection agencies in | | | | allowed to dispute any inaccurate, outdated, |
| a different ways. There are two things you have to | | | | incomplete, questionable and ambiguous item on your |
| keep in mind. 1 Collection agencies usually pay pennies | | | | record. If credit bureaus fail to come up with a decision |
| for each dollar that you owe and still make a profit | | | | on your case within 30 days, they are in violation of |
| even if you settle for 20 % or less.2 A paid off | | | | FCRA. Collection agencies are also breaking the law if |
| collection account is still considered a negative item. A | | | | they don't validate the debt( upon your request), but |
| deleted collection account, on the other hand, will bring | | | | keep it in your credit file; if they still call you after you |
| an instant increase in your credit score. These two | | | | send them a cease and desist letter; if they claim to |
| facts will help you understand which are the two main | | | | garnish your wages, seize property or have you |
| priorities when dealing with collection agencies-get | | | | arrested. In such cases, you are entitled to sue the |
| collection agencies to agree on a very low settlement | | | | respective agency. When it comes to credit repair, you |
| amount and convince them to delete the item once | | | | have numerous rights. The more you know about |
| you pay the settlement. There are various strategies | | | | these rights, the better your chances to raise credit |
| you can use in order to achieve these 2 objectives. | | | | score fast. |
| 2 The 623 Dispute strategy | | | | Raising credit score is not hard. There are various |
| Dispute 623 allows you to dispute a listing with the | | | | tricks and little known secrets that will help you boost |
| original creditor. In such cases you are not disputing the | | | | your score in no time. Once you start thinking outside |
| validity of the whole account (the debt is not mine), but | | | | the box, you'll be surprised to find how easy credit |
| the validity of a specific item within the listing ( wrong | | | | repair actually is. |