Steps to Repair your Credit:
1. Obtain Credit Report from all "3" Bureaus.
Verification Process
2. Review each one for the following;
a. Legal Name, alais names, misspelled name etc.
b. Social Security Number accuracy.
c. Spouse information.
d. Bankruptcy. (is it yours, are all debtors listed,
status/discharged, listed in Bk etc.
e. Govenment Judgments.
f. Civil Judgments.
g. Creditors and debts that are not yours.
h. Creditor reporting accuracy such as;
Account Balances, Charge-offs, Repo's.
i. Unauthorized credit inquiries.
Repair Process
3. Items 2a - c;Send a letter with proof to the
"3 " of your accurate info and ask them to correct
it.
4. Bankruptcy (BK); Send a letter with proof of
status Discharged etc. Be sure all creditors that
were included in BK are listed as such.
5. Judgments; Are they marked paid if paid, were
they in BK and so noted, Did file a motion and
were granted an order removing the Judgment
from Public Record. (if so this should be removed
send a copy of the order to the "3".
6. Creditors/accounts that are not yours; a). Send
letters to the creditor asking them for proof that
that it is yours or remove it from the report.
b). if they refuse resend harsh letter c). If they
refuse send copies of all to the "3" to dispute.
7. Inaccurate Creditor Reporting; use the same
method as step 6 above.
8. Unauthorized Credit Inquiries; Write a letter to
all that you did not authorize ask for written
proof that they were authorized or to remove it
if they don't have it. If they do not have it and
refuse to remove it sent that proof to the "3".
The re-confirmation Process
9. Sooner or later you will start getting replys to all
the letters you sent. Now re- examine them see
what was corrected and what was not. Then
send a demanding letter that they better fix it
because you sent the proof.
10. You will have to do this with more then one of
the "3" at least 2 or more times, the same goes
for the creditors.
The Final Goal
A. DELETED!
B. UPDATED.
C. IMPROVED CREDIT SCORE follows above results.
* When sending letters limit 3 disputes per letter. If you have more then 3 disputes send them multible letters with only three on a letter. I think it is because they are lazy and if you ever speak to them on the phone as I have you might as well be talking to your dog, at least he will give you an intelligent look.
* All mailing should be send certified return receipt.
Keep these in case you need proof that you made these disputes. You also have the option of making a complaint with the Federal Trade Commission.
* Accurate credit information cannot be erased from a credit report within seven years of the reporting period. The only information that can be changed are items which are actually wrong, or are beyond the seven year reporting date. If you have a poor credit history, time is the only thing that will heal your past credit report.
If you find that you do not have the time of can't be bothered with the relentless attention to detail visit our rates page and see what we can do for you.
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Credit Repair Service
Includes everything in the steps to repair
your credit to the left.
All Certified Mail Postage.
DISPUTE ALL INACURATE INFORMATION.
Update inacurate accounts after Bankruptcy.
(should read Discharged if so).
Mail Proof to Credit Bureaus supporting claim.
Re-examine credit reports after diputes.
Re-dispute if needed, and keep on disputing
and enforcing your legal rights untill results
are obtained.
Prepare and file motions to remove Judgment
of Record. if you have a bankruptcy & 1 year
passes NJ, $175.00 ea.
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Things to Be Cautious of;
You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get fliers in the mail. You may even get
calls from telemarketers offering credit repair services.
They all make the same claims:
* “Credit problems? No problem!”
* “We can erase your bad credit,100% guaranteed.”
* “Create a new credit identity — legally.”
* “We can remove bankruptcies, judgments, liens,
and bad loans from your credit file forever!”
Do yourself a favor and save some money, too.
Don’t believe these statements. Only time, a conscious effort, and a personal debt repayment plan will improve your credit report.
The Scam Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. The truth is, they can’t deliver. After you pay them hundreds or thousands of dollars in fees, these companies do nothing to improve your credit report; most simply vanish with your money.
The Warning Signs If you decide to respond to a credit repair offer, look for these tell-tale signs of a scam: companies that want you to pay for credit repair services before they provide any services.
Companies that do not tell you your legal rights and what you can do for yourself for free. Companies that recommend that you not contact a credit reporting company directly. Companies that suggest that you try to invent a “new” credit identity — and then, a new credit report — by applying for an Employer Identification Number to use instead of your Social Security number. companies that advise you to dispute all information in your credit report or take any action that seems illegal, like creating a new credit identity.
If you follow illegal advice and commit fraud, you may be subject to prosecution. You could be charged and prosecuted for mail or wire fraud if you use the mail or telephone to apply for credit and provide false information.
It’s a federal crime to lie on a loan or credit application, to misrepresent your Social Security number, and to obtain an Employer Identification Number from the Internal Revenue Service under false pretenses.
Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.