Guaranteed Fast Credit Repair in 6 Simple Steps
Posted in Finance on 06/05/2010 10:21 pm by
Micheal Perkins asked:
1. Get your credit information
Getting copies of your credit reports is the first step you have to take in repairing your credit. This seems pretty simplistic and obvious, but you have to do this to see what is actually on the reports, not what you think is on the reports. Most people want to focus on what is reported that affects their score. You need to ensure that all your former addresses are correct, your name is spelled properly as well as any other personal information that may be on there.
2. Make a list of discrepancies
Once you have your reports, start making a list of all negative marks on your report, make a separate list for each of the three reports. After completing your list, you must decide what items you wish to dispute. You can do this yourself, or pay someone to do it for you. You will pay an attorney or credit counselor several hundred to do this. You can do this yourself, but you must have letters that are proven to work. Simply asking for the items to be removed is not enough.
3. Write letters to each credit bureau
This is pretty easy, but also where most people make their mistakes or get frustrated and stop trying. There are two ways you can do this. First, each bureau has a website that you can use to submit letters challenging their entries. Second, you can write a letter by hand or on your computer and send it to them by mail. Decide which one seems easier to you and do that. The biggest thing to keep in mind, your letters must sound professional and be written in a way that is non threatening, but forces the credit bureau’s to investigate your challenges.
4. Send proof of your challenge
If you have any documentation that supports your challenge, send it with your letter of dispute. Even if you do not have any documentation, send a challenge anyway. The law works in your favor here. If the credit bureau can not prove your dispute is accurate within 30 days, they must remove the item your dispute. The law is very clear on this point. So keep track of how mush time has passed since you sent your letter.
5. Stay determined
The credit bureaus do not always follow the law to the letter. They will try and tell you things like they are reporting what the creditor tells them, so it’s not up to them to remove disputed items that can not be proven. Don’t listen to them! As I stated above, the law is very clear on this. Send a follow-up letter giving them the name of the law that requires them to remove the item they were unable to verify. Also let them know that failure to do so will result in you filing a lawsuit and using their letter stating their failure to verify and then remove the item as evidence against them in court. When you purchase my book I also provide you with samples of this letter also. As a side note, their failure to comply with this law means they have to pay you $1,000 for each occurrence.
6. Stay on track
When you have several disputes going at the same time it can be tricky to stay on track. It’s easy to decide to address something in a couple of days rather than as soon as you get it. You have to stay organized and follow-up as soon as you get a letter back. Time is ticking so take care of everything the day you get it. Keep each dispute in a separate file so it is easy to find exactly what you need, when you need it.
That’s it, that’s all there is to it. The thing to keep in mind is that if you have the time you can do this yourself. When you pay a credit counselor or an attorney to do this for you, they are doing exactly what I just shared with you. There is no need to pay an attorney several hundred dollars to have his secretary mail out the letters I give you, when you can do the same thing yourself.
Glen
1. Get your credit information
Getting copies of your credit reports is the first step you have to take in repairing your credit. This seems pretty simplistic and obvious, but you have to do this to see what is actually on the reports, not what you think is on the reports. Most people want to focus on what is reported that affects their score. You need to ensure that all your former addresses are correct, your name is spelled properly as well as any other personal information that may be on there.
2. Make a list of discrepancies
Once you have your reports, start making a list of all negative marks on your report, make a separate list for each of the three reports. After completing your list, you must decide what items you wish to dispute. You can do this yourself, or pay someone to do it for you. You will pay an attorney or credit counselor several hundred to do this. You can do this yourself, but you must have letters that are proven to work. Simply asking for the items to be removed is not enough.
3. Write letters to each credit bureau
This is pretty easy, but also where most people make their mistakes or get frustrated and stop trying. There are two ways you can do this. First, each bureau has a website that you can use to submit letters challenging their entries. Second, you can write a letter by hand or on your computer and send it to them by mail. Decide which one seems easier to you and do that. The biggest thing to keep in mind, your letters must sound professional and be written in a way that is non threatening, but forces the credit bureau’s to investigate your challenges.
4. Send proof of your challenge
If you have any documentation that supports your challenge, send it with your letter of dispute. Even if you do not have any documentation, send a challenge anyway. The law works in your favor here. If the credit bureau can not prove your dispute is accurate within 30 days, they must remove the item your dispute. The law is very clear on this point. So keep track of how mush time has passed since you sent your letter.
5. Stay determined
The credit bureaus do not always follow the law to the letter. They will try and tell you things like they are reporting what the creditor tells them, so it’s not up to them to remove disputed items that can not be proven. Don’t listen to them! As I stated above, the law is very clear on this. Send a follow-up letter giving them the name of the law that requires them to remove the item they were unable to verify. Also let them know that failure to do so will result in you filing a lawsuit and using their letter stating their failure to verify and then remove the item as evidence against them in court. When you purchase my book I also provide you with samples of this letter also. As a side note, their failure to comply with this law means they have to pay you $1,000 for each occurrence.
6. Stay on track
When you have several disputes going at the same time it can be tricky to stay on track. It’s easy to decide to address something in a couple of days rather than as soon as you get it. You have to stay organized and follow-up as soon as you get a letter back. Time is ticking so take care of everything the day you get it. Keep each dispute in a separate file so it is easy to find exactly what you need, when you need it.
That’s it, that’s all there is to it. The thing to keep in mind is that if you have the time you can do this yourself. When you pay a credit counselor or an attorney to do this for you, they are doing exactly what I just shared with you. There is no need to pay an attorney several hundred dollars to have his secretary mail out the letters I give you, when you can do the same thing yourself.
Glen