Question : Credit Repair?
Hello to you all,If you are in the credit repair business can you please tell me a little bit about your experiences with this business, How much money do you make . And if you know of some really good course of software pertaining to credit repair please tell me about it.Thank you in advance!!!
- asked by brokerstorage
All Answers:
Answer #1
I have been a credit analyst for many years and Ihave not seen one of these credit repair companiesdo anything that is the right of the consumer todo themselves for free. I have provided you with 3websites below for the 3 major bureaus that it isyour right under the Fair Credit Reporting Act.Please also review the reviews done by the FederalTrade Commission on these types of services.Hopethey help
- answered by Etta P
Answer #2
I have been to "many" different credit repairsites on the web. Some were pretty good and somewere pretty bad. I refuse to use a websitemy rights and using them.Don'tpay for information that you can find for free.
- answered by macgrath g
Answer #3
If you are just starting credit repair, you muststart with the basics.This is a very simple breakdown of the steps you need to take in thebeginning.1. Order reports directly from ALL 3CRAs - If you cannot afford to purchase them youcan get your free annual report. *Please keep inmind that disputing with a free annual reportgives the CRA more time (45 days). It is not wiseto dispute with these because it will lessen yourchance for a deletion.How to read your creditreport................
http://www.truecredit.com/help/learnCenter/reportguide/creditReportGuide.jsp?cb=TransUnion&popup=true#PersonalInfo2. Opt outWhenyou examine your own credit file that isconsidered a soft pull. If someone else does asoft pull, it only contains your "credit header"information; name, address, SSN, DOB, Employer,Previous Addresses. Financial transactions andaccount information is excluded. A soft pull isoften done to verify identity or for promotionaloffers. Anyone with "persmissible purpose" can runa soft pull; if you apply for credit, have anexisting account or financial relationship with anindividual or business. If you don't want yourinformation shared for promotional offiers, youmust opt out. 1-888-5-OPT-OUT (1-888-567-8688)3.Update/Delete any personal info with the CRAs*Have as much as possible removed. It would beideal to only have your current address. Novariations of name, addresses or socials. No needfor employment information or phone numbers. It isnot necessary.4. Wait until 2 & 3 take effect(give opting out about a week) and READ in themeantime. *Read up on your state laws, the FCRA,FDCPA and the FCBA 5. Triage your reports. *Go to
http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml and find out the SOL for yourstate. Figure out which accts are out of SOL andstart with those. You determine if the acct is outof SOL by the DOFD (date of first delinquency).Please be aware that disputing any accts that arestill within SOL could possibly wake up a sleepinggiant and you can be sued. So proceed with cautionand make sure you understand what you are doingfirst.6. Dispute with CRAs*You can do a blanketdispute (dispute everything). Some have luck withthis. OR just dispute 3-4 at a time. Whatever youdecide, you must wait until the investigation isover before disputing any more (30+5 days forregular report disputes/45+5 days for disputingwith the free reports)7. Now you WAIT..........andREAD.for more help go to www.chexvictims.com
- answered by mca
Answer #4
To select a credit repair service requires a lotof homework from your side. Any wrong move and youcould find yourself in trouble. To the extent thatyou may even be fined or imprisoned for a certainperiod. Which is why, you must ensure thefollowing points before choosing a credit repairservice.
- answered by ouen r
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measure and fulfill your financial needs
