Tag Archive for repair +credit

DIY Credit Repair

July 18, 2009 Credit Manager Credit Repair Articles & Resources

There’s a lot to be said about doing projects yourself to save money. Lots of people opt to do their own taxes, home repairs, auto repairs, etc. but it can also be a costly mistake if you don’t know what you’re doing.

When it comes to anything DIY, the best tool is information. Fixing your credit on your own is no different. Wade into shark infested waters without a boat and you’re sure to lose but head out prepared and you can expect success.

Our DIY epackage gives you all the tools you need to repair/rebuild your credit and deal with collectors and credit bureaus.

Why pay a credit repair agency to write letters and repair your credit when you can do it for less? The credit repair ebook, sample letters and bonus items can be viewed instantly online and best of all- no shipping fees. Immediate access means immediate help.

Real credit repair is using credit bureau verifications, collection agency debt validation, restricted negotiations and other lawful tactics by using the FCRA, FDCPA, FCBA, FACTA and other consumer laws to the fullest! That’s REAL credit repair and it can prove very powerful.

Combining consumer credit laws with knowledge and powerful education can get your credit up to its best possible status ever!

Teach yourself how to;
-Repair your credit yourself legally & save A LOT of money!
-Settle your debts while protecting your credit reports.
-Educate yourself about deep finance issues and missteps like VOD and restrictive endorsements.

Take a look at all the tools we offer to help you help yourself for less. And the best part? We only charge you a one time fee of under 50.00 for lifetime access! That’s the best self help deal around.

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Free credit repair tips | How to fix your credit for nothing

September 24, 2008 Credit Manager Credit Repair Articles & Resources, Misc. Credit Repair Articles

Can I really fix my credit for free?

People always ask if it’s truly possible to fix their credit for free or for a few bucks in postage and credit report fees. The answer is absolutely yes. I think people often misunderstand credit repair and the word alone sends shivers up your spine. It has a negative connotation to it by nature. But the real truth is credit repair is slang for managing your credit. We should all be managing our credit because leaving it to the credit bureaus is surely credit suicide.

Order all three credit reports

Before you can do anything you need to admit there’s a problem. Sounds like rehab doesn’t it? Well your credit probably needs a little rehabbing. When was the last time you sat down and poured over all three credit reports? A year, five, ten! I wouldn’t be surprised if it were 10. People just don’t like to deal with their credit. It’s overwhelming and often you know that the inside is going to be ugly, even though you like to pretend on the outside that it’s pretty. No way around it, if you want to fix your credit, you have to look at it.

You can et your credit reports online. It’s quick, secure and you can print them out for future needs or save them to your hard drive.

Review all three credit reports

Sit down. Don’t do this standing up. You’re going to be here a while. Now that you have all three credit reports you need to organize the three bureaus separately. Remember, a credit bureau that may report an item may not necessarily be on the other and vice versa. Credit bureaus are all independent of each other so don’t lump them together. That can be very bad. It’s like yelling at the top of your lungs “Hey, Equifax, I gotta a charge off over here on Experian. Come get it”. You don’t want to tell one bureau that you have something negative from another. It just complicates things.

Jot down all the issues you uncover

Once you make a stack of the three separate credit reports, begin with one. Go over it and look for anything you think is questionable. ANYTHING. The good lil ole FCRA gives you the right to question anything that you believe is outdated, unverifiable or inaccurate. A credit bureau cannot assume what is or is not accurate. You have to tell them. Pay attention to anything negative. If you see collection accounts or charge offs then pay attention to the details. The LIES are always in the details. Collection agencies especially are notorious for changing dates of last activity to extend how long they have to report the item. It’s done to hold your credit hostage until you pay them. Typical negative items are collection accounts, charge offs, tax liens, bankruptcy’s, late payments etc.

Send dispute letters

Once you have identified what you’re going to dispute then make out your letters and send them out certified mail. You’ll need that receipt in case the bureau claims it never received your dispute. It’s not a big deal. Just swing by the post office and send them out with a cert mailing. You’ll be glad you did. Once you send the letters, the bureaus will have 30 days give or take 10 to reply. In that time they have to complete the investigation too. See where this is going… it’s not so easy and often this is how credit repair companies remove items. The bureaus have to ask the source to look up the info, get it back to them and then send it to you… Yep. It’s required.

Keep records

Make sure you keep a log of all your efforts. It makes thing so much easier when you begin follow up. Write down everything. We have a collection and credit log in our member area for this but you get the idea.

Wait for replies

Kick back and wait. You’ll start receiving updated credit reports by mail soon and it will have the results of the investigation for your review.

Follow up

Here’s where you need to pay attention. Once you get the results back, if the items were not deleted then look at the explanation. If the bureau tells you “the item remains “verified as accurate” then you have a right to send another letter along with a copy of the result and ask that they provide you with what information they received to allow them to claim its accurate. The credit bureau has to tell you how it was verfied, by who etc. This is another step to REAL credit repair because in follow up disputes, you’ll often remove more items.

Avoid the lure of scams

There are so many scams out there claiming to boost your credit score or wipe away your debts with the stroke of a key. Don’t buy into it. You’ll lose money and end up with nothing. Many so called credit repair companies are claiming they have all sorts of techniques. The most popular right now is the option to pay a monthly fee to ride on the coat tails of someone else’s good credit. The FTC and Fair Isaac have caught onto this and are finding ways to spot those. In addition, this method doesn’t do any good if you have bad credit because the bad credit is still there along with the newer good credit and you will still be denied loans. These tactics are scams period.

Rinse, Repeat

Keep this disputing and waiting method going until you have brought your credit up to its best possible status. Don’t expect miracles but DO be very happy with every little milestone. They all lead to a better credit report down the road. You may even get an investigation result back with four or five deletions on your first round. That’s exciting! By all means, don’t add more bad credit! Once you decide to take the steps to fix your credit then don’t let anything else land on there. If you have bills you haven’t paid, don’t wait for them to go to collections before you decide to act. Unless… Your plan is to wait for the assignment to the agency so you can get them to remove it for payment. This is what a lot of people think. It still DOESN’T remove the original creditors bad mark!

If you get stuck in the process or want to learn more, take a look at our DIY credit Repair Tools. It comes with two bonus credit repair books and over 40 sample letters, a chat forum, legal research tools and more! One time fee, lifetime access.

This free credit repair article is brought to you by CarreonandAssociates.com. You may use this article as long as the author tag stays in tact. Copyright. Do not remove tag

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Credit repair and collection agency abuse

August 11, 2008 Credit Manager Credit Repair Articles & Resources, Misc. Credit Repair Articles

I’ve been educating consumers about credit for over two decades. I’ve seen a lot of issues on a consumers credit report but one of the most common issues I see are the repeated HARD inquires from collection agencies.  While a collection agency has the right to review your credit as a collection tool, they do not have the right to abuse your credit.

When your account is assigned to a collection agency, they will often pull your credit reports to find you, especially if the debt is old and you have not responded to their initial mailings. The credit report will be a tool they use to locate you and thus, collect the debt.

But, what often happens and isn’t always talked about is that once they do run your credit, if they still cant collect the debt,  they will run and run it again. Not because they think they’ll find something new about how to locate you, but because they think you might see all the inquiries and contact them. Savvy isn’t it!

Repeatedly running your credit will not only eventually impact your credit score, but it just looks bad.  Potential lenders, even if you only have one old collection account, may wonder why they’ve seen 4 inquiries from ABC collections and this puts an automatic first impression in their mind and you’re likely to be denied, even if your score hasn’t been severely affected, a closer look will result in denial by a human.

Consumers don’t think they have a right to question this and demand the various other inquiries be removed immediately. I would recommend that any consumer who spots multiple inquires from the same collection agency immediately contact the credit bureaus and send a demand letter to the collection agency that they have violated the FDCPA (Fair Debt Collections Practices Act) by abusing you. Yes, multiple unnecessary inquires are abuse. It’s done purely to punish you and force you into contacting/paying the debt.

You would have every right to file suit against the abusive collection agency and present a case that would prove they harmed your credit over and above what they needed to do in the course of attempting to collect the debt.

Your course here would be to immediately cease and desist the collection agency and demand they remove any duplicate inquiries to your credit. Once they’ve done that, then you may decide whether to negotiate a payoff to them or ask that they validate the debt to you as “accurate”.

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