Advanced Credit Repair (eBook)

The Ulitimate Guide to Fix and Establish Your Credit Fast

Marsha Graham (Autor)

eBook Download: EPUB

2019 | 1. Auflage
190 Seiten
Publishdrive (Verlag)
978-0-00-011034-3 (ISBN)

Infos

Do you have a low credit score? Have you ever been denied credit? Is it time to get your financial life back on track without paying a credit repair expert hundreds (or even thousands) of dollars?

If this sounds like you, then Advanced Credit Repair Secrets Revealed: The Ultimate Guide to Fix And Establish Your Credit Fast could be just what you're looking for! With this helpful guide, you'll get what you've always wanted: GOOD CREDIT! This exciting and concise book give you only the information you really need to start repairing and building your credit - fast!

Would like you to buy your dream home or the new hot car you've always wanted? Is bad credit holding you back from getting what you want?

If so - do something about it right now! When you download Advanced Credit Repair Secrets Revealed: The Ultimate Guide to Fix And Establish Your Credit Fast, you'll discover some of the fastest ways to improve your credit - MONEY BACK GUARANTEED!

What can this book do for you? How can you use this guide to repair your credit?

Advanced Credit Repair Secrets Revealed: The Ultimate Guide To Fix And Establish Your Credit Fastreveals the most closely-guarded secrets the experts use to remove countless negative items from credit reports. You could improve your credit score dramatically in less than 30 days!

You'll learn to remove items from your credit report:

Late Payments

Charge-Off Items

Collection Items

Bankruptcies

Student Loan Defaults

Judgments

Repossessions

and many more!

You'll also discover many important credit skills and tips:

Get a FREE credit report every 7 days

Establishing good credit in 30 days or less

Keep divorce from destroying your credit

Uncover the steps towards homeownership

Protect yourself from fraud and identity theft

get out of debt

Save money

Create Wealth

Learn how to save money on auto loans

Discover how to budget for an emergency

Amazing budgeting ideas for moms

Learn the secrets to keep your family on a budget

Find out how to save money on your vacations

Uncover how to save money on your major purchases

Know if your identity has been compromised, and what to do next

What if you qualified for credit cards at zero percent interest rates for 15 or even 18 months? Can you imagine purchasing a car at zero percent and zero down? Wouldn't you like to book your dream trip with reward points from your new credit card?

Act Now - Good credit can get you the lifestyle of your dreams!

It's time to empower yourself and improve your quality of life! Download Advanced Credit Repair Secrets Revealed: The Ultimate Guide To Fix And Establish Your Credit Fast right away.

You'll be so happy you did!

Textauszug

CHAPTER 3

UNCOVER THE LITTLE KNOWN SECRETS TO REPAIR BAD CREDIT FAST!

Let’s face it we all want to own a nice car, own a beautiful home or have access to capital to start or grow a business. Whatever our financial desires are sometimes we need to borrow money to reach them. Some people credit was ruined because of one or more of the following reasons:

● They lost their job

● They were the victim of identity theft

● Inaccuracies in their credit report

● They filed for bankruptcy

● They got a divorce

● They went through a foreclosure

● Repossession

● Judgments

● Loan Default

● Late Payments

● Medical bills

● Tax liens

● Student loans

They have miscellaneous items such as delinquent utility bills being reported on their credit report.

Now that we have identified some of the most common causes of bad credit how we restore our credit?

Step 1
DEBT VERIFICATION

The verification method is one of the most powerful closely guarded secrets used by most credit repair companies. What exactly is the verification method and how can you use this simple process to restore your credit?

Under the Fair Credit Reporting Act, you have the right to investigate the information in your credit report. You can obtain a free copy of your credit report once annually from the three major credit bureaus: Equifax, Transunion, and Experian or you can get a free copy of your credit from www.annualcreditreport.com.

It is important to obtain a copy of your report from all three credit bureaus because your credit report may vary from one credit bureau to another.

Once you receive a copy your credit report, you should review it very carefully for any inaccurate information such as late payments, charge off accounts, collection items and any other erroneous items.

If you have identified any incorrect item on your credit report, you should send a letter to the credit bureau requesting a verification of the debt. Under the FCRA, the credit bureau has 30 days to investigate and respond to your debt verification request. Also, if you send additional information within the 30 day period to the credit bureau, they will have 45 days to investigate and respond to you. The credit bureau would also have 45 days to investigate and respond to you if you used www.annualcreditreport.com to obtain a copy of your credit report.

You can file a lawsuit against the credit bureau in court for up to $1000 if they do not respond to you in that particular time frame.

Also, the federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files for each consumer at the credit reporting agencies. Therefore, you have the right to know what is in your file.

You also have the right to ask for a credit score, you have the right to dispute incomplete or inaccurate information found in your credit report, consumer reporting agencies must correct or delete inaccurate, incomplete, or unverifiable information within 30 days, consumer reporting agencies may not report outdated negative information, and you may be able to sue a consumer reporting agency violates the Fair Credit Reporting Act in a state or federal court.

STEP 2
WHAT IF THE DEBT VERIFICATION DIDN’T WORK?

You should do a re-verification. You can send a letter to the credit bureau requesting them to provide you with the particular method they used to verify the debt. You should ask the credit bureau to provide you with the names of the person they contacted during the verification, you can ask for addresses and any other relevant information that describes the procedure used in their investigation. You can ask the credit bureau to comply with the FCRA laws by making sure that they are reporting accurate information on your credit report and expedite your request for a re-verification. Also, please make sure you have additional new information to present to the credit bureau regarding the case you are re-investigating. Because your re-investigation will be deemed as frivolous if you are disputing the same item without providing new evidence to support your claim.

WHAT IS E- OSCAR

The main reason to ask the credit bureau how was your verification conducted is because of e-OSCAR. E-OSCAR is a computerized system that allows the credit bureaus to respond to a consumer credit disputes automatically. The credit bureau will change your dispute into a numerical code, the numerical code summarizes the consumer’s dispute. The credit bureau then sends the code to the creditor and asks them to verify it. The creditor would then state whether the code is accurate or not. Mainly the e-OSCAR method may minimize your detailed dispute that may include documented evidence into a two or three digit code. The problem with this approach is that it may not conduct an investigation in a thorough manner. Also, it is up to the credit bureau employee to choose a code that accurately describe your dispute and the documented evidence you sent to support your investigation might get condensed into a code.

HOW TO FORCE THE CREDIT BUREAU TO CONDUCT A PROPER DISPUTE?

You have the right to ask the credit bureau what method was used to investigate your dispute; you are given this right by the Fair Credit Reporting Act. If the credit bureau sends you information stating that your dispute has been verified, you can ask them how the dispute was conducted. Also you can write or call the original creditor for proof the negative information on your credit report belong to you and that information is being accurately reported. If the original creditor cannot provide evidence that this information belongs to you, then you can consider suing the credit bureau. But before you look to pursue legal action, it is wise to send the credit bureau the proof you contacted the original creditor along any correspondence you received from the original creditor that may support your dispute. Also, inform the creditor you have a right to sue them for reporting inaccurate information on your credit report, and you intend to proceed with legal action. Give the credit bureau at least 30 days to respond to you before you decide to take any further action.

ONLINE DISPUTE VS DISPUTE BY MAIL

Online credit bureau disputes usually offer limited options for you to express the reasons for your dispute entirely. For example, online disputes often come with preselected choices for you to pick from to categorize your dispute. The online dispute systems often limit the options of the user, the user then often makes a selection that may hinder the dispute process.

Mailing your dispute offer you the opportunity to fully express the reasons why you think items on your credit report are inaccurate and sending your dispute by mail enhance your ability to include proof to support your dispute.

It is also important to note that you should keep a copy of all correspondence between you and the credit bureau, and you should also send all of your letters to the credit bureau by registered mail.

Step 3
THE DISPUTE METHOD

If there is an obvious erroneous item on your credit report, you can outright send a letter to the credit bureau asking them to remove the inaccurate item. The same procedures and formality apply to this method as the verification method. You are stating that the erroneous item on your credit report does not belong to you.

HOW TO REMOVE COLLECTION ITEMS FROM YOUR CREDIT REPORT?

You have just finished a hard day of work; as soon as you get home you do what most Americans do….you check your mail. You notice a bright yellow envelope with bold writing stating URGENT BUSINESS MATTER, OPEN IMMEDIATELY! Upon opening the letter, you learn that a collection company is demanding you pay a debt you owe by a particular time. In addition to that the debt collection company is threatening to ruin your credit. You know this debt does not belong to you, but you feel helpless. What can you do? In a situation like this you are working against time because the debt collector can report you to a credit bureau after 30 days.

Don’t Panic

As a consumer, you have the right to validate the debt under the Fair Debt Collection Practices Act. Therefore, if you received a letter from a collection agency requesting you pay a debt you are not aware of you should ask for a debt validation.

It is possible you may have originally owed a debt to a lender, but it does not mean the collection agency attempting to collect the debt from you owns the debt.

Next Step

Write a letter to the collection agency requesting a validation of the debt if the debt cannot be validated then the debt collector is not allowed to collect the debt or contact you. The Fair Credit Act does not permit the collection agency to place the debt on your credit report if they cannot validate it.

You Can Sue

If the debt collection agency violates any FCRA laws, you can also sue the collection agency for up to $1000 in damages for each time the debt collector violates your rights.

THE DAMAGE IS ALREADY DONE: A COLLECTION HAS BEEN REPORTED TO YOUR CREDIT REPORT.

You passed a car dealership one evening and saw the car of your dreams, so you decided to go in and inquire about the cost of the car. The sales person told you the price of the car is $25,000, but you have the option of financing the vehicle. You thought to yourself that this is a great option for you because you cannot afford to pay for the car in full at this stage in your life. So after going home you did a lot of thinking, you decided to...

Produkt-Details

• Erscheint lt. Verlag: 12.9.2019
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• ISBN-10: 0-00-011034-5 / 0000110345
• ISBN-13: 978-0-00-011034-3 / 9780000110343