Categories for How to Fix Credit

Fix Credit History – Legal vs. Illegal Credit Repair

March 17, 2010 8:55 pm Published by

Fix Credit History – Legal vs. Illegal Credit Repair

By what I can tell, in the year an a half I’ve been reading and learning about credit, there are legal steps you can take to fix credit history.  That being said there is also one option I’ve read about that sounds good but might be more risk than a solution.

 

Legally, you can dispute credit issues, for many reasons and in different angles.  The more specific you are with your dispute letter the better if performs.  To fix credit history in this manner, you’ll have to learn a bit about credit and credit laws.  Laws that are in place to protect the consumer.  For example, when dealing with a collection company, you can take several different route’s to derail their attempts and have them remove what ever negative  information they’ve placed on your credit report.

 

One example of this is to request from the collection company proof that they can collect from you.   This technique takes the usual dispute letter much further.  Fixing your credit history becomes easier when you understand the laws.  It does make sense to ask this question.  Many times we assume, the collector on the phone has the authorization to collect from us.  An internal record is not proof.  They must possess an actual contract from the original creditor.  If they don’t they have to halt all collection efforts.  There’s also re-aging violations and other good legal tactics you can use to have them remove any derogatory information they’ve placed on the credit report.

 

The option that seems to be a little on the gray side for me is the option to use an EIN number to not fix credit history but create a new identity.  I know they advertise it’s legal but if you look into the correct use of an EIN number it can be a gray area.  EIN numbers are usually for entities.  How that applies to an individual I don’t exactly understand.  I’ll stick to the safer option above.

 

There are many other tactics used to fix credit history.  In my opinion, something like creating a new identity with a tax id number would be the last option.  If it carries the risk of landing me in jail or having the burden of defending myself of legal problems, I’m probably going to stir clear of it.

Fast Credit Repair

Credit repair techniques change. Using the most current techniques to dispute correctly has worked well for me. I understand my credit now and strongly recommend consumers understand this critical aspect of their financial life. There’s a lot of information out there. Below is what helped me the most.
Credit Repair Reviews
How to clean credit up.
Fix Credit History
Copyright 2010 Rene C. Alexander.

www.fixmyuglycredit.com Bill J. improves his credit once he understands this easy formula. http
Fast Credit Repair
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Q&A: How long does it take to fix credit after paid all debts?

March 9, 2010 2:59 pm Published by

Question by Lisa W: How long does it take to fix credit after paid all debts?
I’ve had a credit card which I paid last year , a student loan that I got out of collections 6 months ago and had a car loan that went to collections which is also paid as of last week. How long till my credit starts getting better? I can’t get credit on anything now and wondering how long it takes to start to clear up?

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Best answer:

Answer by robert w
visit dave ramsey.com to learn how not to get bitten by snakes /credit.

What do you think? Answer below!



Fixing Credit Reports – Is Creating a New Identity Legal

January 8, 2010 11:19 pm Published by

Fixing Credit Reports – Is Creating a New Identity Legal

Fixing credit reports is what some companies do best by what I hear all day on the radio and while watching some TV.  Many options are legal, disputing validity, questioning the companies’ ability to collect and a few other tactics work because you have the law on your side.  Creating a new identity was a little risky for me.  I took the safe route on this one.  I get my thrills from roller coasters not jail bunk beds.

 

Fixing credit reports isn’t creating a new identity.  There’s some companies that claim you can create a new identity with a tax id number better know as EIN, legally.  Though EIN numbers are available it doesn’t open the doors to just forget about your social security number and what might be on it.  Creating a new identity might seem like a good idea except for the fact that it can create legal consequences for you.

 

I didn’t follow this option when I was looking to fix my credit for one reason.  I’ve never had legal problems and my credit problems weren’t a good enough reason to risk it.  By what I read it’s a Federal crime to lie on a credit or loan application, you can be prosecuted for mail or wire fraud for using either of those two means to apply for credit fraudulently.  Crazy at it seems, when they want to nail you they’ll use any of their tactics available.  Remember Capone?  Not murder, tax evasion.  Need I say more?

 

I stayed to the tried and true disputing of erroneous accounts and settling on debts I wasn’t able to remove or delete by any of the means I found on my credit repair manual.  Some of these dispute tactics are very advanced.  Re-aging issues, statute of limitations, checking companies licensing are all legal tactics I used to make progress while fixing my credit report.  You can go as far as demanding the collection companies provide proof they can collect from you and that they have proof you actually owe the debt.  The beauty is they have to use original documentation, not internal records.  That’s where you get them.

 

In my opinion, creating a new identity is to high a risk for me.  Not everybody has a daughter to think about but I intend to stick around.  Just in case, I’m keeping my identity.

Fast Credit Repair

Credit repair techniques change. Using the most current techniques to dispute correctly has worked well for me. I understand my credit now and strongly recommend consumers understand this critical aspect of their financial life. There’s a lot of information out there. Below is what helped me the most.
Credit Repair Reviews
How to clean credit up.
Fixing Credit Reports
Copyright 2010 Rene C. Alexander.

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Q&A: I am in a problem fixing credit score. How can I fix credit score?

December 22, 2009 12:40 am Published by

Question by Malorie Claypool: I am in a problem fixing credit score. How can I fix credit score?
I am in a problem fixing credit score. How can I fix credit score?
I have been trying to fix my credit score for the last two week. But I have no clear idea, how to fix it. Please help me, how I can fix credit score?

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Best answer:

Answer by Renny76
I’ve also been trying to improve my credit score. I’m learning that it takes awhile to improve a credit score but it can be done. Your credit score is based on several things such as: the total number of accounts you have, what type of accounts, any occurring late payment fees, outstanding debts, filing bankruptcy and age of accounts. Often creditors take into consideration whether or not you own your home and if you’re currently employed, and length of employment. Creditors then take all of these factors and combine them together using a credit scoring system to come up with your credit score.

You can improve your credit score by always making your payments on time, or before the due date, if possible. Work on paying off any outstanding debt. Pay down credit cards and never exceed your credit limits. Don’t apply for more credit cards until you pay off the ones you currently use. Ideally, it’s best to have no more than two credit card accounts. Usually excessive credit card balances and overdue accounts seem to be the two most common negative factors when it comes to a low credit score. Hope that helps!

Know better? Leave your own answer in the comments!



The Truth About Fix Credit Ebooks!

December 21, 2009 12:51 am Published by

The Truth About Fix Credit Ebooks!

Fix credit eBooks have been around for a while now.  There have been many variations to them in the past few years.  Now, with many struggling with bad credit, they are becoming more popular.  The truth about “fix credit eBooks” is that they are effective.  They will give you good incite to how credit works and how it moves depending on financial actions.  Having this type of information is crucial for anyone looking to make the most of borrowing money.  The points they teach you are effective and 80% of what they cover is what a credit repair expert or law firm is going to be doing for you.

Stop scratching your head, confused about credit.  Many have taken credit into they’re own hands and have used the information in these eBooks to increase their credit.  Tactics such as dispute letters are very effective at removing incorrect reporting’s.  Part of what makes these products effective besides the wealthy of information is the well written letters that are provided to you.  Also, on first attempts to clear credit, we can easily be stumped and discouraged, not knowing what other options we have.  These manuals arm you with solutions to your credit problems by giving you more than one option to address the accounts issue.

The truth is that fix credit eBooks aren’t just for people with bad credit.  People looking to increase their credit will find that there are many opportunities to do so.  Not all creditors report credit at its maximum potential.  There is more than one way to report an account in good standing.  Why not make sure the creditor is reporting in the manner that benefits you most.  Small mistakes like that can add up to many points in your credit report, depending on the number of accounts on your credit.

I’ve personally seen credit increase by 35 point on an already good looking credit report.  That 35 point can help secure a lower mortgage payment or car payment.  Think about it lower payments for 30 years.  That can add up to thousands and thousands of dollars that you put in your savings or invest on your family.  Instead of giving it to some greedy credit company or bank.

Now, don’t be fooled by the loads of credit repair eBooks on the market.  They are not all created equally.  I’ve researched many; the best will give you detailed instructions, more than one solution to a issue and provide copies of letters that can easily be edited to your needs.  Do your research and look for quality information.  Remember it’s not just about how much money you make it’s about how much you keep.  Good credit will allow you to keep more by qualifying you for better rates when you borrow money.  Your efforts to have Good, Clean, Accurate credit will pays off and all these products carry a money back guarantee.  So you minimize your risk.  Good Luck and good credit.

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Click here for the best information I found on the net.  

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One persons experience with DIY credit repair.   fix my credit myself

Fix credit Ebook, Truths

This article was originally written by Rene C. Alexander and posted on www.credit.research-shop.net Any reproduction without consent is a violation of copyright laws.

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