| Most people feel totally helpless when they finally | | | | respond to a written inquiry. |
| discover or admit they are in financial trouble, or that | | | | Sometimes "they" can't find the proof. |
| something is wrong with their credit score. | | | | Generally, creditors will only maintain credit-account |
| You may have no idea that you can legally repair your | | | | information for two years. Industry experts know that |
| credit and if you are like most, you don't know the | | | | if you challenge an account that is more than two |
| procedures required to obtain, maintain & and | | | | years old, chances are the records won't be available |
| re-establish your credit score. | | | | for verification. |
| You should check your credit report every year. In an | | | | When a change is made to your credit report you will |
| effort to get rid of the mistakes that are popping up on | | | | receive a new updated credit report in the mail. Check |
| credit reports, the law states you can pull your credit | | | | to see what all was removed and you will see that |
| every of the three major credit bureaus. You will want | | | | many, if not all, of the negative items you disputed |
| to do this as soon as possible as it the first step to | | | | have been removed. |
| credit repair. You will eventually be looking for | | | | If a negative item doesn't come off, you will once again |
| inaccurate and/or faulty information as well as potential | | | | repeat the process by challenging the credit bureau's |
| identity theft that is being reported on your report. | | | | information with denials. This process is usually |
| If you are currently having trouble paying your bills, you | | | | repeated until all negative items are removed. |
| DO NOT need credit repair, you need to get out of | | | | Sometimes when a creditor receives a second or third |
| debt. | | | | inquiry in a short time span, they may think it is a |
| While you should always try to keep your credit score | | | | follow-up of an earlier dispute. That, however, is not |
| as high as possible, if you can't make at least minimum | | | | the case, and if he doesn't respond to each dispute |
| payments, you are going to be accruing late marks | | | | individually, your report has one more item removed. |
| faster than you can get them removed. Credit repair | | | | These techniques can place you years ahead in |
| while you are getting late payments is pointless. | | | | re-establishing your credit. |
| If you have accounts that are past due, have | | | | GETTING A COPY OF YOUR CREDIT REPORT |
| balances, and/or are in collections, it may be possible to | | | | You can always get a copy of your credit report due |
| get the accounts removed. However; the accounts will | | | | to the Fair Credit Report Act. This doesn't mean you |
| more than likely show back up on your credit report | | | | always have to pay for a copy of your credit report. |
| and continue to hurt your score if you do not satisfy | | | | As stated earlier, once a year you are allowed to get |
| the debt in some way, If you have past due accounts | | | | a free credit report from each of the three credit |
| with balances, you should consider hiring a settlement | | | | bureaus. To get a free copy of your credit report you |
| company to negotiate the debts, or paying off the | | | | must got to , or call the credit bureaus and request |
| accounts in full. | | | | your free annual copy. |
| CREDIT REPAIR- Why it works | | | | You will not get a credit score with your free credit |
| If you don't have past due accounts then it's time to | | | | report, unless you pay to receive the score. |
| get started. Credit repair works, but you need to be | | | | The only exception to getting a free annual credit |
| patient and thorough. The reason credit repair works, is | | | | report is if you have been denied credit in the past 30 |
| because the law states that when an account is | | | | days. If you have been denied credit within the past 30 |
| disputed, the burden of proof lies on the creditor! | | | | days, you are entitled to a free report from the bureau |
| Once a credit bureau receives your dispute letter, they | | | | that provided the information to the company with |
| must verify the information you have presented. At | | | | which you were applying for credit. Any other time and |
| that point it's up to the credit bureau to contact the | | | | will more than likely pay for it unless the creditor pulls it |
| creditor and ask for proof of the item disputed. When | | | | for you. |
| done correctly, in about thirty days after your dispute, | | | | When you got to , you will be asked a series of |
| you will see the negative items begin to disappear | | | | security questions for EACH report you request. You |
| from your credit report. This will happen for several | | | | must request each report INDIVIDUALLT. |
| reasons: | | | | Historically for my clients, Transunion is the hardest |
| Sometimes "they"' are too busy | | | | report to pull, as their security questions are more in |
| If the credit bureau is too busy to verify the | | | | depth, and in my situation the answers Transunion has |
| information, or if the creditor who is contacted doesn't | | | | for me must be incorrect. If you can't access your |
| respond in a certain time frame, the negative items will | | | | free report online, pick up the phone, call the bureau, |
| be removed from your record. | | | | and they will mail you a copy of your report. |
| Sometimes "they" are just lazy. | | | | When you ask for specific information over the |
| Many creditors will not respond to a credit bureau | | | | telephone, they will ask for your social security number, |
| inquiry simply because it is a bother. Also, if any | | | | date of birth, last two addresses, and other information |
| problems have been corrected in the past, a creditor | | | | that will ensure that they will not be releasing |
| will show less interest in keeping a negative item on | | | | information to someone other than you. |
| your credit record, and will normally not bother to | | | | |