Categories for Repairing Credit

Repair Credit Fast – How 1st Time Homebuyer Almost Lost Keys!

August 10, 2010 5:00 pm Published by

Repair Credit Fast – How 1st Time Homebuyer Almost Lost Keys!

Forgetting to pay a credit card bill is not cool, especially when you’re trying to get approved for credit.

Brent Morris clearly screwed up while trying to bank qualify to buy their first home.

Brent overlooked a credit card bill, causing the card issuer to hit Brent with a 30-day late.
No courtesy phone call requesting payment.

No warning letter informing Brent and his wife that failure to pay could harm their credit and result in debt collections.

When Brent contacted me, you could hear the desperation in his voice. They were in escrow to buy their home, expecting to close in less than 2 weeks.
He couldn’t believe he had overlooked a credit card bill.

He couldn’t believe one 30-day late could drop his middle FICO credit score 60 points.

He also couldn’t believe customer service wouldn’t give him a break. According to Brent, they had been long-time customers, making on-time payments on this card for 6 years.

For Brent, this was an ugly introduction to credit reality…from the wrong side of the fence. They definitely needed to repair credit fast!

To help Brent and his wife at the 11th hour, I agreed to help but could NOT guarantee results…when it was so late in escrow.

I explained to Brent and his wife the success my customers, family, friends and I have had with one powerful letter strategy.

It’s not just any old letter. It’s the right letter with the right wording, sent to the right people using the right mailing technique.
Brent gave me the details.

Given more time, I felt 99.9% confident. With such short notice, I couldn’t be as confident.

That same day, I completed my research, wrote and “mailed” my letter. In less than 14 hours, Brent received a call from the executive assistant inside the executive office of Amalgamated Bank-Mastercard (his credit card issuer).

To Brent’s and his wife’s shock, Amalgated DELETED the 30-day late, faxing Brent written confirmation.

Brent’s mortgage guy quickly did a “rapid rescore,” allowing Brent and his wife (once again) to get excited all over again about the opportunity to own their very own home.

Certainly, as you can imagine, Brent and his wife were so grateful—unbelievably grateful—for what I did to help them.

They had set their hearts on grabbing the keys to their very first home. It was a big deal to them. Therefore, it was a big deal to me too.

You and I both know Brent and his wife could have found another “dream” home if this one hadn’t worked out for them.

For many people who don’t know what to do, their dreams (can) break apart with one 30-day late. For many people, the hit can be as high as 90-100 points.

By the way, my customers, family, family & I use this very same letter strategy to resolve ANY issue with any business. On my DVD, 8 SECRETS TO A 680 CREDIT SCORE!, I share the exact step-by-step technique and the letter template I recommend.

Repair credit fast strategies (can) work if you know and take action on the exact strategy. This is one technique you will be able to use over and over again, possibly saving your home as happened with Brent and his wife.

Fast Credit Repair

Bad credit repair coach Mike Payne helps people improve their credit so they can grab the keys to their new homes. For more than 10 years, Mike has combined his “8 SECRETS TO A 680 CREDIT SCORE!” with his real estate knowledge to help people realize their dream of home ownership. Once people find Mike, they already have wasted ,000s on credit (DIS) repair companies firing off worthless “rounds” of dispute letters. Now, they are seriously committed to improving their own credit to avoid wasting more money, getting sued or losing their identity.



Repair Credit Scores – How to Derail Credit Collection Companies

August 4, 2010 5:00 am Published by

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.

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.
Repair Credit Scores
Copyright 2010 Rene C. Alexander.



Repair Credit After Bankruptcy – Find Out What Credit Bureaus Don’t Want You to Know

January 4, 2010 12:43 pm Published by

Repair Credit After Bankruptcy – Find Out What Credit Bureaus Don’t Want You to Know

Do you know that more than half the credit reports prepared by credit bureaus have errors in them? There is nothing malicious here. Yet, it is true that there are a large number of errors and that this has a significant impact on the credibility of the individual. There are many persons who feel that this information is of no use once they are filed for bankruptcy. Well, that is a big mistake.

Do you know that a debt that is present on your report despite filing for bankruptcy is going to have a negative impact on your score? Do you know that there is a big market for those individuals who have filed for bankruptcy and yet need affordable loans?

In such a scenario, if you do not take proper care of your credit report, chances are high that you will suffer even after you have filed for bankruptcy. On the other hand, if you repair credit after bankruptcy, you will find it easier to overcome the complications and get your financial life back on track.

The second point that credit bureaus don’t want you to know is that the professionals can give you a lot of advice that will help you manipulate your score and improve the same even if you have filed for bankruptcy.

The presence of bankruptcy on your credit report is not the end of the world. Of course, it is not a very minor decision. Yet, it is not the end of your financial life and you certainly can take steps to overcome the problem.

Credit bureaus would want you to believe that employing professionals to repair credit after bankruptcy does not work. Again, that is not the truth. Choosing the right professional is definitely going to help you enjoy a lot of relief.

On the other hand, if you do not choose the right professionals or if you end up spending money on fraudulent service providers, you certainly are going to face additional problems.

It is one thing to rely on the advice provided by credit bureaus. However, it is completely a different thing to conclude that it is the only advice worth following. You must keep in mind that they too have a lot to gain by offering information about your subprime status to lenders. Hence, you should check out other resources including professional so that you have a clear idea of where you stand and how you should proceed and enjoy relief.

The process of bad credit repair can be time consuming. If you are working within a certain time frame and need a faster process, options are available. Reading through your credit report and eliminating the negative marks, through disputation, can erase bad credit. Visit the following link for more information on how to repair your credit quickly and legally:
Fix Bad Credit

Fast Credit Repair

Rose Graham has been involved in the public sector, helping consumers rebuild their financial well being for the better portion of her working life.

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Mend Your Bad Credit: Simplified Ways to Repair Credit Problems

December 15, 2009 2:22 pm Published by

Mend Your Bad Credit: Simplified Ways to Repair Credit Problems

Having credit problems is as inevitable as experiencing a tragedy. Then again, how common these situations might be, you may still find yourself in the midst of a trouble with your credit obligations. The good thing is, there are actually several ways to repair credit problems. These surefire methods to get you out of debt are certainly effective and useful.

 

Different Ways to Repair Credit Problems

The following are tried and tested tips to fix credit troubles, even some of the most difficult ones!

Pay all of your obligations on time.

Although this step may sound very ordinary and unhelpful, doing this could really help you get out of your troubled credit obligations. After all, not complying with your payment deadlines might be the main cause of your situation. Remember, a bill not paid on its due could result to decreased credit scores and of course, higher debts.

Examine your credit reports and make sure that you are not missing anything.

Ask for the credit reports from your lending company and analyze the transactions. While you can never bring back all those money that you used, examining your past transactions may still be helpful. With this, you can decide, and maybe apply for another loan to pay for the earlier one.

Debt consolidation is still the perfect way to fix your credit problems.

Debt consolidation is offered in a number of types, with varying interest rates and different pay-out periods. Try to request for such services from lending companies.

Set the limits for your credit cards and stick to it.

One of the most helpful ways to repair credit problems is simply not pushing your credit card too much. A level of 30% for your credit charges is advantageous enough to help you get out of the problem.

Fast Credit Repair

Get further information and tips on How You Should Repair Your Credit , please visit: http://www.rebuildcreditscore.info>