Economics Finance

Self help credit repair is helping thousands of people get rid of their negative credit scores. You need to have the best credit score you can in order to be able to survive in the current economic situation which we are facing. Yes, believe it or not, it is possible, easy and legal to repair your credit.

Creditors are tightening their lending requirements because of the easy lending practices which have led to the recession we are in. So the key will be to have a good credit score once money starts flowing again, so that you will be able to get credit from lenders if you are going to buy a car, or even rent an apartment. Continue reading ‘Self Help Credit Repair – It’s Possible, Easy and Legal’ »

Self help credit repair can be the answer to your credit problems. A lot of people don’t know that credit repair is possible. There are ways to legally repair your credit, and get negative credit deleted from your credit score.

With the economic problem that we are experiencing, it will be very important to have good credit once the economy gets going again. Because of the disastrous economic results from easy lending, we are experiencing a recession. So once money starts flowing again we will see a lot stricter regulations. You are going to have to have very good credit scores to be able to get that house, or that car, or even to rent an apartment.

We will be tightly scrutinized to get credit. Creditors are tightening their lending requirements and looking for high credit ratings. Besides, a good credit score will get you much better rates. This can literally save you thousands and hundreds of thousands of dollars. Continue reading ‘Self Help Credit Repair – Take Action Now and Start Creating a Better Future Today’ »

A bad credit score is not like other problems. It is not a noticeable feature and unless you tell someone they will never know your credit score. Many of us in our early years tend to ignore the issue altogether. Really who cares if your score is 550 or 750 when you’re 18? I know I didn’t. At some point though most of us come face to face with this three digit number and reality sinks in. Bad credit really can make life tougher. Consumer credit repair may be the right choice for you.

If the situations above sounds even remotely familiar chances are you now know your credit score and you’re not too happy with. Maybe you’re looking to purchase your first home and the bank denied your loan. It could be time for a new car and you can’t do it without a cosigner. These are just a few of the many situations that stem from a poor credit score. Continue reading ‘Consumer Credit Repair – Why Should I Care About My Credit Score?’ »

It happens far too often, straight out of high school and running up those shiny new credit cards. At the time it may seem like free money, but as we now know it is anything but free. It’s unfortunate that many people begin ruining their credit before they even have a full-time job. In this situation personal credit repair might be the right choice for you.

It’s clear that we’ve messed up our credit. Poor credit scores can have all kinds of bad effects. Higher interest rates, little to no loan options, and in some cases landlords and employers may even look at your credit scores. At this point many people throw up their hands and curse themselves for what they did in the past. This is one option, but I think the second is better. You could do something about it. Continue reading ‘Personal Credit Repair – Why You Need to Pay Attention to Your Credit Score’ »

Self help credit repair can be the answer to your credit problems. A lot of people don’t know that credit repair is possible. There are ways to legally repair your credit, and get negative credit deleted from your credit score.

With the economic problem that we are experiencing, it will be very important to have good credit once the economy gets going again. Because of the disastrous economic results from easy lending, we are experiencing a recession. So once money starts flowing again we will see a lot stricter regulations. You are going to have to have very good credit scores to be able to get that house, or that car, or even to rent an apartment.

Continue reading ‘Self Help Credit Repair – Take Action Now and Start Creating a Better Future Today’ »

You Need Leverage

Credit repair results are best accomplished with leverage. There is little use in engaging the massive credit reporting system without a clear and precise knowledge of the areas where you will be able to gain a foothold. The system is cumbersome and prone to indolence. Where there is no advantage to the credit bureaus to comply with your credit repair efforts they will certainly find a way to ignore even your most heartfelt pleadings. But use the law properly in your credit repair and you will move mountains.

Expect Resistance

The credit bureaus are governed by the Fair Credit Reporting Act (FCRA). It is both their gospel and a millstone around their neck. Most of the effective credit repair techniques that you will employ will utilize the routines and procedures mandated for the bureaus by the FCRA. And although the bureaus generally will comply they will not enjoy it and they may even resist. Your efforts must be made with an insight into the procedures that the bureaus have put into place in order to cooperate with the FCRA as well as their passive-aggressive techniques of resistance.

Section 611

The most relevant part of the FCRA to your credit repair project is Section 611. This outlines the responsibilities of any national credit bureau, including Experian, Equifax, and TransUnion, to process consumer disputes of the accuracy of information appearing on their credit reports. In brief, the credit bureaus must complete the processing of your dispute within 30 days of receiving the dispute. Within that 30 day period is included 5 days in which the credit bureau must notify the furnisher of the disputed information.

Continue reading ‘Using the Law for Credit Repair’ »

Examine Your Reports Closely

Credit repair requires a critical eye. Give yourself the benefit of the doubt. Question everything on your credit report that you are not completely sure of. It is no longer sensible to believe that the content of your credit report is accurate just because it is in writing. The entire credit reporting system, with its many participants, is prone to error. And these errors have the ability to depress your credit score and cost you money. Take your time, find every error, and get ready to dispute.

Question Collections

When examining your credit reports, give special attention to collections. Collectors buy and sell debt every day. If your account does not pay off, the collector will package it up and sell it to another collector who will try their luck. And each collector in turn will report your collection to the credit bureau. By law, when a collector sells a debt they must withdraw the account from your credit report. Unfortunately, there is no real motivation for them to do so and these erroneous accounts can linger needlessly for years. Now is the time for action!

Dispute Intelligently

The credit bureau dispute letter is the heart of credit repair. It is not hard to write a dispute letter, but is it challenging to make that letter effective. When it comes to credit repair simple is best. It may be tempting to tell your whole life story in your dispute letter, but your heartfelt tale will fall on deaf ears. The bureau dispute processing centers handle a significant volume of letters on a daily basis. The goal of a dispute clerk is to translate your letter as quickly as possible into a two digit code summarizing your concern. For best results, just say what is on your mind and nothing more.

Continue reading ‘Your Quick and Easy Credit Repair Primer’ »

Telephone Common Sense

Credit repair offers several powerful techniques for dealing with collectors. Collectors are famous for high pressure phone calls. Here is a great way to manage those disturbing diatribes. You know better than to talk to strangers. So who told you that you should hold court with a collector on the phone? The next time a collector calls tell them that you do not discuss your financial affairs on the phone. Politely ask them to send something in writing. They will fight you, but stand your ground, say your bit, and get off the phone. Once you get the collection notice in writing you can move on to the next credit repair technique.

Validate That Debt

The Fair Debt Collection Practices Act requires collectors to provide documentation of the validity of a debt in writing if you request it within thirty days of receiving a collection notice. This is a wonderful credit repair tool which should be employed with all collections. A surprising number of active collections are not legitimate. This means that they may have been previously paid, sold to other collectors, or be otherwise invalid. If a collector cannot document the subject collection they must halt all collection efforts and not report to the credit bureaus.

Stop Those Darn Calls

In addition to the common sense technique for handling collection phone calls mentioned above there are other handy credit repair techniques for controlling aggressive collectors. If you are called during working hours you need only inform the collector that your employer does not permit such calls. Per the Fair Debt Collection Practices Act, once informed, the collector must refrain from calling during those hours.

The Attorney Defense

This next credit repair tactic is not for everyone, but if you have the financial resources to employ an attorney to handle your collection activity you will enjoy a double benefit. Initially you get to enjoy the moment when you tell the collector that you have an attorney; once informed they are required to stop in their tracks and ask you for the attorney contact info. From that point forward they must communicate only with your attorney. Secondly you may find that many collectors give up on the spot. If they know that the collection is weak or undocumented they may vanish from your life then and there.

Continue reading ‘Collections Collectors and Credit Repair’ »