Archive for March, 2009
The Credit Bureaus Are Not
the credit bureaus are not government run agencies, but are for profit, multi billion dollar industries that make money off of selling your personal information. It is proven that they make more money off of you with bad credit, rather than good credit, so don’t believe everything that they tell you in results you receive [...]
Your Credit Picture Is Very
Your credit picture is very important and should be kept up the entire time. Do not wait until the last minute (I.e. You want to apply for a mortgage next month). Credit repair is a process and you should allow appropriate time to remove items from the bureaus Tags: credit repair
If A Creditor Verifies A
If a creditor verifies a previously deleted item after the 30 day window, they can add it back on. A notice of this reinsertion must be sent the consumer within 5 days. Tags: Credit
When Disputing Questionable Items In A
When disputing questionable items in a credit report, always remember to dispute with all three major credit bureau agencies. When applying for a mortgage, all lenders look at items reported by all three credit bureaus. Tags: mortgage
Prior To Applying For A Mortgage
Prior to applying for a mortgage fixing all credit report errors will optimize your chances of obtain the best financing terms available. Tags: mortgage
You Can Allowed A Copy
You can allowed a copy of your credit once a year from each credit bureau. Along with your credit report will be a dispute form. Tags: bureau, Credit, credit report, report
If You Are Unable To Spend
If you are unable to spend the time to write the letters yourself then you might want to hire a credit repair company to do this for you. They will act on your behalf to write the necessary letters to the three credit bureaus. There are many companies to choose from these days and it [...]
If A Credit Bureau Can
If a credit bureau can not verify that a disputed item is correct as reported, it must modify or remove it from the consumers’ file. If the trade line confirms at a later date that the information was indeed correct, the credit bureau will add the information back into the consumers’ file. It will notify [...]
Do Not Expect Information To
Do not expect information to be deleted just because a collection account or debt has been paid. Derogatory items will remain on your report for 7 years. The 7 year clock on a derogatory item falling off your report does not start until the item has been satisfied. Tags: coun, debt, report
Under The Fair Credit Reporting
Under the fair credit reporting act effective october 1, 1997, a credit reporting agency has 5 days from the date of receipt of a written investigation request to contact the appropriate credit grantor about investigation the complaint’s) and receive a reply back within 30 days of the original notification date. Within 5 business days after [...]
