Archive for the ‘online dispute’ Category
Wednesday, April 30th, 2008
To get collections removed from a credit report there is a process to follow. There is also a big misconception out there that you can get collections removed that you owe. Yes you can get collections removed but there is seasoning requirement in order to get them removed. In this article we will discuss what can and can’t be removed from your credit report.
Get a copy of your credit report with credit scores
If you want get collections removed you obviously need to know what is being reported on your free credit score report. You also need to make sure you pull a 3-1 credit report with all 3 of your credit scores. Once you have done this then you can determine what you need to start disputing. I see a common problem all the time, and that problem is people disputing information they owe. That does absolutely no good unless the original collection date has expired per the Fair Credit Reporting Act (FCRA). Here is list of when certain collections will expire and are to be removed from your credit report by law.
Derogatory expirations guidelines:
• Chapter 7 – 10yrs
• Chapter 13 – 7 yrs
• Tax Lien – Until paid off
• Child support – Until paid off
• Collections – 7yrs
• Chare Offs – 7 yrs
• Late payments – 7yrs
• Inquires – 24 months
• Foreclosure – 7 yrs
• Repossession – 7 yrs
• Judgments – 7yrs
*Expirations date starts ticking from the original collection date.
Dispute expired items on credit report
Once you have reviewed what derogatory information on your credit report is inaccurate, make sure you highlight those items on your report. Determine which collections, late payments, charge off, etc….. are set to expire or have already expired. Now you can start the on-line disputing process. I am personally a fan of disputing on-line for the simple fact that it is faster and easier. The credit bureaus will be able to verify the original collection date after you dispute. If the bureau finds you are correct they will remove the derogatory remark. This will start increasing your credit scores. If the collection has not expired don’t dispute it, you are wasting your time. The collection will not be removed unless the expiration date has expired. Folks it’s really that simple. There is no quick way to get bad credit removed. Just remember if you are late on a obligation you can expect your credit score to drop around 150 points, and the negative mark will be on your credit report for 7 yrs. So with all of this being said, make sure you pay all your bills on-time.
About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, fico score, free credit check, identity theft protection, secured credit cards, student credit cards , mortgage loans, auto loans, insurance and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness
Posted in bad credit, free credit check, free credit score reports, free fico score report, online dispute | No Comments »
Friday, April 4th, 2008
You cannot erase the past credit report issues for usually 7-10 years. With a little work you can rebuild your credit report before all negative information is set to expire. Here is five easy steps to rebuild your credit report.
Step 1: Examine the Damage
The first step in fixing past mistakes is to get a current coy of your free credit score report. Don’t be scared, got ahead and take the plunge order all three credit reports with all 3 credit scores. Ordering your credit report is actually easy and secure on-line. Contrary to popular belief ordering your own credit report does not affect your credit score.
Once you have pulled your report print it out and highlight all information that is incorrect. Make sure you understand everything on it.
Step 2: Check the expiration dates
The current law states that negative information will stay on your credit report for 7-10 years from collection date. The expiration date will vary depending on the type of collection. When you pay off a collection that does not mean it will be removed from your report.
Examine your report and determine when each collection is set to expire. Once these collections are set to expire you will see major improvement to your score.
Step 3: Dispute errors
If you find inaccurate information such as, fraudulent information, collections that expired still reporting, you have the right to dispute. You will have to dispute each of the 3 credit bureaus separately, Equifax, Experian and TransUnion. Read more about disputing on-line here. Once you the bureaus have received your dispute they have 30 days to determine whether they will update information requested.
Don’t dispute good credit on your report, accurate information cannot be removed from your credit report and is a waste of time. Disputing accurate information could harm your credit.
Step 4: Add positive credit
Now that you have disputed information that is not correct and have hopefully got it removed or update you can begin to add positive credit to your report. The quickest way to do this is to get a Applied Bank Secured Credit Card. This credit card is designed to rebuild credit even for people that just got out of a bankruptcy. Make sure you use this card responsibly. Also avoid going applying for to lots of credit, you really need a couple of secured credit cards to start establishing good credit.
Step 5: Monitor your progress
It is very simple to monitor your progress of increasing your creditworthiness these days with credit report monitoring services. You can sign up for credit reporting monitoring services that will allow you to monitor your credit score, get key changes e-mailed to you, along with access to your credit report. Your credit score will improve over time as you add positive information to your report.
About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, fico score, Internet identity theft software, secure credit cards, student credit cards , and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness
Posted in bankruptcy, credit education, credit repair agency, credit repair company, free credit score reports, online dispute, repair credit | No Comments »
Saturday, March 29th, 2008
If you have collections on your credit report, you can count on most of them staying on there for minimum of 7 years from the original collection date. Sometimes you will have the collections sold to different collection companies. This could be a challenge trying to get the original collection date, but the creditor currently reporting the collection must report this information correctly. Typically the creditor reports the wrong original collection date, so you have to dispute it. They must comply with this request under the (FCRA) Fair Credit Reporting Act.
Here is how long items stay on your credit report from original collection date:
1. Medical collections – 7yrs
2. Charge Offs – 7yrs
3. Late payments – 7 yrs
4. Judgments – 7 yrs
5. Tax Liens – until you pay off
6. Repossessions – 7yrs
7. Chapter 7 Bankruptcies – 10 yrs
8. Chapter 13 Bankruptcies – 7yrs
9. Collections – 7 yrs
10. Inquiries – 2 yrs
11. Foreclosure – 7 yrs
I am sure you have heard you can get obligations that you owe removed from your credit report. I will tell you and so will the FTC that you cannot get obligations removed from your credit report even though you owe the debt. The only items you can get removed are items that are not correct, for instance.
- Maybe you and your father have the same name, and report is skewed
- Items over expiration date
- Inaccurate reporting, like slow pays.
Maybe you don’t know what is being reported on your credit report। Its time you find out, so if there is inaccurate information you will know. Current statistics show that 1 out of 4 credit reports have incorrect information on it that would cause a denial of some type of loan.
About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, fico score, Internet identity theft software, secure credit cards, student credit cards , and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness
Posted in annualcreditreport, bad credit, free credit report, free credit score reports, free fico score report, online dispute, repair credit | No Comments »
Saturday, March 29th, 2008
This is a step by step guide that will give you the tools to fix inaccurate information on your Credit Reports. First you need to check when the information being reported is set to expire. Next use our customizable dispute letter, and sent it to the Credit Bureaus. It is really that simple.
Step 1: Look for incorrect information being reported about you:
Order a current copy of your credit report with scores from all 3 Bureaus online. Print your credit report and view it carefully. Make note of any information that is not correct. Determine when the information is set to expire. This guide will help you determine if and when the negative information on your credit report will expire.
Public Records:
a.Bankrupcties- Chapter 7 Bankruptcy will expire from your report after 10 years of file date. Chapter 13 will expire from your report after 7 years from file date.
b. Judgements- Court ordered decisions stay on your credit report for 7 years from file date. Example: child support, civil and small claims court.
c.Tax Liens- Tax liens stay on your credit report until you pay it off. Once you have paid the tax lien, it will stay on there 7 years from paid date. This applies to City, State, and Federal tax liens.
Charge –off – records- this record will show up on your credit after a creditor has wrote off the debt as a loss. This will remain on your file for 7 years.
Inquiries- Records of application for credit. These types of inquires usually stay on credit for a maximum of 2 years. Checking your credit online with credit sores does not damage your credit like these inquires do.
Closed Accounts- This information whether negative or good stays on your credit report for 7 years.
Collection Accounts- This record should expire after 7 years from the last 180 day late payment that led the account to collection to begin with. The expiration date is the same even if the collection is sold multiple times.
Foreclosure Records- Foreclosure and property deed-in-lieu records remain on credit for 7 years from foreclosure date.
Late Payments- Late payments stay on record for 7 years.
Repossession Records-Vehicle repossessions stay on you credit report for 7 years.
Use this expiration information to determine what should not be on your report. You should also check for information that is being report on there that is not yours. Also make sure there is no information that are cross records either.
Step 2: Write Dispute Letter
Once you have determined what is not correct on your report, it is time to write you disputes to the Bureaus. You will need to send the letter to each of the credit bureaus via certified mail.
Example dispute letter:
Date
Your NameMailing AddressCity, State, Zip
Re: Disputing Inaccuracies on My Credit Report
Name of Credit Reporting Bureau Mailing Address City, State, Zip
Dear Sir or Madam:
I am writing for two (2) reasons:
1. To dispute certain information in my credit file; and
2. To have you investigate/re-investigate and remove inaccurate information from my Credit Report and prevent its re-insertion. The item(s) I dispute are encircled on the attached copy of the credit report and further identified by (identify the items by name of source, such as creditor or tax court, etc. and identify type of item, such as credit account, judgment, etc.)This item is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or whatever specific change you are requesting) to correct the information.(If you are enclosing documents such as copies of cancelled checks, payment records, court documents, send copies only, you should always retain the originals — and use the following sentence.)
Enclosed are copies of the following documents supporting my position?
1.
2.
3.
Please reinvestigate this (these) matter(s) and (delete or correct) the disputed items within the time frame required by the Fair Credit Reporting Act (FCRA) and inform me in writing of the outcome. Thank you for your time and consideration in this matter.
Sincerely,________________________
(Signature)Your name
Step 3: File your dispute
Submitting your dispute by mail is the suggested way, but only Equifax and Transunion allows this kind of dispute. Experians requires all disputes to be submitted online.
Here is the 3 Credit Bureaus information.
Equifax
P.O Box 740256
Alanta, GA 30374-0241
Dispute online
Experian
Dispute online
TransUnion
2 Baldwin PlaceP.O. Box 2000
Chester, PA 19022
Dispute online
Step 4: Manage Results
The 3 Credit Bureaus have 30 days to investigate your dispute and update your credit report if the dispute his valid. Once they have investigated your concern, they will send you a letter stating what was updated on your credit report. If you were not able to get a inaccuracy fixed you will need to resubmit your dispute with new documentation.
About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, fico score, Internet identity theft software, secure credit cards, student credit cards , and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness
Posted in credit bureaus, credit scores, fix credit, free credit score reports, online dispute, repair credit | No Comments »
Saturday, March 1st, 2008
Bad Credit Reports will affect your children in many ways. First let’s start out with the fact that most Americans are blue collar workers. You are working for the system, which is greedy Corporate America. Corporate America does not allow financial freedom. So you are subject to the 3% salary increase every year if you are lucky. In other words you don’t have the money to pay cash for everything that you might want to buy. In this article I wanted to discuss with you in another light, about the fact that your credit report not only affects you, but your children as well. For instance, one of your kids, really need braces. I am not sure if you have checked lately, but braces are very expensive. Current insurance with greedy corporate America does not cover all your cost involved with getting braces these days. So your only choice is to finance part of the cost. The doctor says lets run your credit to see if we can finance the braces for little Johnny. Deep down inside you know you have credit issues, and you just have that feeling they are going to say that bad word NO. The doctor comes back and does exactly what you thought, we cannot find anyone that is willing to finance little Johnny’s braces. But here is a number to call so you can find out why. You know why, your credit report is in bad shape because of past mistakes and maybe some recent ones as well. You knew this all along, and did nothing about it. I will tell you this; bad credit does not go away. It will stay on your credit report for 7 years. Bad Credit destroys lives, and opportunity for people to move forward. Maybe little Johnny needs a car, and you don’t have the cash to buy a car, so you have to finance it for him, maybe little Johnny would love a backyard of his own to play in. Now you decide to buy a home, but to your surprise you can’t because your credit will not allow anyone to take the risk with your past credit history. I can keep going on and on and on. I could write a book of reasons how you’re “bad credit report could affect your children “, but let’s talk about how to fix a problem like this. Your first step is to admit you don’t have the credit to get a loan anywhere. I would not go around hoping there is a miracle that someone will lend you money, until you have pulled a current copy of your free credit score report. This will take the guessing game out of the equation, and will give you a peace of mind where you stand with your credit. Once you have determines your credit score, and what is on your report, the next step is to start fixing what is on it. Here is a link with how to fix bad credit reports, go here: Once you have gone through this process, you will soon have good credit, and will be able to finance what every little Johnny needs. Your credit is important, especially if you are not independently wealthy. Most American have to borrow money to get some of the items to live in today’s society. My recommendation would be don’t let your bad credit report affect little Johnny.
http://www.blogcatalog.com/directory/finance
Posted in bad credit, credit education, credit repair company, credit score, free credit report, free credit score reports, online dispute | No Comments »
Tuesday, February 26th, 2008
 Your Credit Report is not bad because of GOD. Let’s face it, GOD does not cause harm to anyone. I am sure anyone can relate to some period in their life where their credit got messed up. But what really causes bad credit. It’s the Devil, and don’t be fooled that its not. Greed is the number one cause of bad credit in our country.
Everyone wants more, and being content with what you have just is not enough. Let’s just use the term “keeping up with the Jones’s.” That is a very good example, of what greed is. Your neighbor just bought a new Lexus and you are driving that old Camry. You see on TV that there is 0% interest on that new car, so you get in your Camry and run down to buy a new car. The only problem is; there is nothing wrong with your current car. Over the last 7 years there have been tons of advertisements on TV, don’t worry no payments for 3 years, and 0% interest to top it off. Come on in, and get all this stuff, TVs, furniture, stereos, etc……….. with no payments and 0% interest and then you get laid off, or something comes up. Now you have all this STUFF, and no way to pay for it. The Devil creeps into everyone’s lives and strips that feeling of content away so you will go into debt. During these days and times, your good name is all you have. Make sure you don’t allow the devil to make you think you need more, because you don’t. Believe me you are not going to take all that STUFF with you anyways. Your Credit Report is important these days, don’t let the Devil ruin your credit.
About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, Internet identity theft software, secure credit cards, and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness.
Posted in bad credit, debt, free credit report, free credit score reports, online dispute, repair credit, what is credit | No Comments »
Monday, February 25th, 2008
Credit Bureaus address and phone numbers are listed here. We have also listed the online dispute links as well. Your one stop resource for all 3 Bureaus.
Bureaus Addresses and Phone numbers:
Equifax
P.O. Box 740256
Alanta, GA 30374
(800) 797-7033
Experian
NCAC
P.O. Box 9595
Allen, TX 75013
(800) 583-4080
Trans Union
P.O. Box 2000
Chester, PA 19022-2000
(800) 916-8800
On-line dispute for each bureau:
Equifax
Dispute online
Experian
Dispute online
TransUnion
Dispute online
About the Author: Mike Clover is the owner of http://www.creditscorequick.com/. CreditScoreQuick.com is the one of the most unique on-line resources for free credit score report, Internet identity theft software, secure credit cards, and a BlOG with a wealth of personal credit information. The information within this website is written by professionals that know about credit, and what determines ones credit worthiness.
Posted in credit bureaus, free credit score reports, online dispute | No Comments »
Disclaimer: This information has been compiled and provided by CreditScoreQuick.com as an informational service to the public. While our goal is to provide information that will help consumers to manage their credit and debt, this information should not be considered legal advice. Such advice must be specific to the various circumstances of each person's situation, and the general information provided on these pages should not be used as a substitute for the advice of competent legal counsel.
|
