Credit Repair
e developed this credit repair resources website in an attempt to give people basic financial information; information that could possibly give the average person options to filing bankruptcy. Information that could possibly help a person to repair their "less-than-perfect" credit. Information that might possibly give an older couple ways to keep their home in their twilight years.
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Top 3 Credit Repair Picks for
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We're not lawyers or legal professionals although we have dealt with these folks during our own bad financial times. What we are is a small group of "average joes" who have "been there, done that" and now are sharing our information gained through experience, good and bad.
The majority of the information contained on this website is free. There are a few products that are not; we feel these products are of such a quality that we include them in case their specific areas of expertise might help your particular situation. These products enable us to defray the costs of running this website.
One of these products is a very good eBook by Scott Stephens entitled "The Ultimate Debt Guide".
Scott has developed a systematic plan that will help you to get out of debt that is truly a masterpiece.
He takes you by the hand and helps you understand what got you into financial trouble and what you can do to reverse your fortunes without feeling deprived.
At only $49.95 US, this eBook is truly a gem in the world of financial how-to information. We urge you to visit Scott's page for more information about getting out of debt. "The Ultimate Debt Guide" can help you do just that!
By applying for credit through a bank or other lender that subscribes to a credit reporting agency outside of your region,
there’s every reason to believe that some damaging information will not appear in your file.
Remember, the only way bankers and lenders can survive is to extend credit to consumers.
By taking steps to sidestep one credit report that has negative entries, and taking advantage of another that shows you as a good credit risk, creditors will practically force hard cash into your hand.
And that wouldn't be illegal whatsoever; this is just an example of making the rules of the game work in your favor. And sometimes that's necessary when past mistakes are unfairly penalizing you today.
Here’s how:
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Obtain a copy of your credit report from one of the credit bureaus to determine if there are damaging entries that might cause your credit application to be denied.
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Call several banks of other lenders and ask the receptionist, etc., which credit bureau they use in their application approval process. If the individual tells you they don’t know, ask them to find out.
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Select a bank or lender that subscribes to a credit reporting agency other than the one typically used in your region.
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Obtain a credit report from the credit reporting agency that your selected lender uses.
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Repeat step number 4 until you find a report that is favorable to you and shows the least number of negative entries.
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The only thing left for you to do is apply with that bank, lender, or other creditor that subscribes to the credit bureau that has a credit report the most favorable to you.
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BULLDOG TACTICS - When you receive your credit report, write down every piece of information that is inaccurate or untrue. Even if an entry is partially true, you may still want to dispute it, especially if your credit report will be improved as a result. Read all of the instructions on the back of your credit report very carefully. Symbols may be used for much of the information entered and you will have to understand each one. It’s easy to become confused but a number you can call if you have a question will be provided.
Here are steps you can take to have damaging entries removed from your credit report:
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Make a list of inaccurate or untrue entries that you find in your credit report.
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Call the credit bureau and tell the appropriate person that you want to dispute an entry you have noted on your credit report.
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Don’t allow any credit bureau employee to talk you out of proceeding with your appeal. To avoid a distracting confrontation, don’t even tell them you want to challenge. They won’t initiate any action on your behalf anyway until they receive your appeal request in writing.
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To initiate the proper appeal procedure, ask the person you speak with to send you a "Dispute Form."
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Complete the "Dispute Form" and return it to the credit bureau by certified mail.
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When the credit bureau receives your written dispute request they will then attempt to verify the dispute you have indicated with the bank, lender, or creditor responsible for having the damaging information listed.
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You will be notified of their decision within 30-45 days
So stay tuned for more credit repair resources.
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