Steps to Repair your
Credit:
1. Obtain
Credit Report from all "3"
Bureaus. Click this
if you do not have a current report.
Verification
Process
2. Review each one for the
following;
a. Legal Name, aliase 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.
Government Judgments.
f.
Civil Judgments.
g.
Creditors and debts that are not
yours.
h. Creditor
reporting accuracy such as; Account Balances,
Charge-offs, Repro'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 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 reply's 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 multiple 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.
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.
Under the Fair Credit Reporting
Act, consumers are entitled to a free credit report
annually. Federal law now also provides consumers with a
toll-free number and Web site to obtain a free credit
report from all three national credit agencies by making
one contact:
Annual Credit
Report Request Service
P.O. Box 105281
Atlanta,
Georgia
30348-5281
www.AnnualCreditReport.com
877-322-8228
IF
YOU HAVE A CREDIT PROBLEM, KEEP THIS IN
MIND:
1. Accurate negative
credit information cannot be erased. If a
credit repair company tells you that it will be able to
remove negative information from your credit report,
they are not telling you the truth. If you have a poor
credit history, the only thing that will improve your
credit report is time. We
will also give you a legal credit building
plan.
2. It is illegal to hide
bad credit. Some credit repair companies will
say they can "hide" bad credit by helping you establish
a new credit identity. They will offer to create a new
credit file for you with a fake Social Security Number.
Don't do it! This is fraud and it is a crime.
3.
You can rebuild your own credit record.
Contact your creditors when you realize you cannot make
scheduled payments. If you need help working out a
payment plan and a budget, contact your local credit
counseling service. Before using a local credit
counseling service, find out if the counselors are
certified, how much the services cost and if the agency
is accredited. Also, check with your employer credit
union or housing authority for no-cost credit counseling
programs.
If
you decide to seek assistance from a credit repair
company, you are protected under the Federal Credit
Repair Organizations Act.
•
Under the Credit Repair Organizations Act,
credit repair companies cannot require you to pay until
they have completed the services they have
promised. We give you a written
guarantee on what we can change and what we can not
change. Our Up-Front Fee is
only for the Paralegal and Postage Fees. Once your
service has been met per the agreement you pay the
balance from the escrow
account.
• Before you sign a contract, the
credit repair company must tell you, in writing, what
your legal rights are.
•
A credit repair company must give
you a written contract which clearly describes all of
the terms and conditions of payment, a detailed
description of services to be provided and an estimate
of how long it will take to complete these
services.
• You have three
days to cancel the contract between you and the credit
repair company.
• Credit repair
companies are prohibited from making deceptive claims
about their services.
Since millions of
credit reports are sold daily, it is easy for some
information to be incorrect. You should review your
credit report on a regular basis and correct mistakes
immediately. If you want to know about your credit,
contact the three bureaus cited below:
Equifax:
800-685-1111
www.equifax.com
Experian:
888-397-3742
www.experian.com
Trans Union:
800-888-4213
www.transunion.com
If you find a
problem, the credit bureau has 30 business days to
investigate and must inform you of its findings
within 10 days of concluding its
investigation.
