Fast Credit Repair
by Dude Crush

Repair Credit Scores – How to Derail Credit Collection Companies

I research techniques on how to repair credit scores often, mainly, for my own credit history and repair attempts.  Unfortunately the current economy left me without a job and it took longer than expected for me to get back on my feet.  Building reserves is tough enough, going through them and dipping into credit cards is even harder.  Here’s a little of all I’ve picked up on credit and credit repair while increasing my credit score by 75 points.

Let me start by saying that I understand how people feel when there’s no way to pay a bill.  You struggle with it inside.  Myself, I always paid my bills on time and usually in full.  If I had been dealing directly with my original creditors I would have settled in higher amounts on all my accounts.  Unfortunately they sold my accounts to collection companies and after a short while I built a serious resentment for these companies.  They treat me with no respect and harass me at all hours of the day.  I finally got a new job and they started calling there.  Getting a job with bad credit was hard enough, then having to deal with the calls at work.  Forget about it.

For that reason I looked for ways to get these companies off my back and pay them as close to nothing as possible.  Everything I had read to that point was information on how to dispute an account.  I had read about learning about credit laws but I never really saw the point to it until I found a manual that told me why knowing the laws would help me.  I assumed the laws were there to help the creditors not me.  I was wrong.  They have rules and if they don’t follow them you can get their accounts off your report.

The Three techniques below made a huge difference on how I worked with those collection companies.

First, making sure the collection company has all its licensing, bonding and insurance requirements.  If they collect outside of their state, they must have the bonding licensing and insurance for any other states they collect in.  Many times they only have for their home state because of the cost involved.  If they don’t comply, they can’t collect from you and they have to remove it.

Two, requesting that the collection company show actual proof they are allowed, by the original creditor, to collect from me.  If they don’t show proof, they can’t collect from you and you can dispute it with the credit bureaus.

Last, is getting them to show proof you owe the debt.  This sound as something easy for them to have and provide evidence, yet they have to provide copies of the original contract you signed when applying for the account.  If they don’t have it they can’t collect.  With many credit card companies merging, it gets more difficult for them to produce them.  Again dispute and remove it.

Those three saved me a lot of money.  I did settle for a deletion letter on a couple of accounts but most I was able to remove with the techniques above.  I hope I annoyed them as much as they annoyed me.

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