Credit Repair and Credit Report Tips

 

Credit Repair and Credit Report Tips

Start here to repair credit – How to Repair Credit: A Guide to Improve Credit Scores.

How to Dispute Negative Credit – Get Strategies to Dispute Specific Items on Credit Reports.

Order Credit Reports – How to order credit reports from Experian, Equifax and Transunion.

Rights to Credit Reports – Who can view your credit reports for legitimate purposes.

You have many reports – Specialty Consumer Reporting Agencies Must Provide Reports.

How to Dispute Collection Accounts – Strategies to dispute collection accounts.

Quick Fixes to Reports – 5 Quick Fixes to your Credit Report that can raise scores.

Factual Disputes – Base credit disputes off factual errors in your credit report.

Does Negative Credit Last Forever – How long does negative credit remain on reports.

Charge-Offs – Get Strategies to Dispute Charge-offs.

Late Payments – How to Dispute Late Payments with Creditor or Credit Bureau.

E-Oscar Method – The e-Oscar Method of Investigation is the reason consumer disputes are not properly investigated.

Permissible Purpose – Has your credit report been pulled without a permissible purpose.

623 Method of Disputes – Dispute Negatives Directly with the Original Creditor.

Dispute Collections – How to Dispute Collection Accounts.

Effective Dispute Letters – How to Write a Credit Dispute Letter.

Negative Account Re-inserted – What to do when a deleted credit item is re-inserted on your files.

What if Dispute if Verified as Accurate – How to Request Method of Verification for Verified Disputes.

FCRA Compliance Date – Know the date a negative item must come off your report, it does not change.

Re-Aging – Learn what to do about this illegal practice.

Date of Last Activity – The date of last activity is a confusing term but basically refers to any recent activity occurring with the accounts on your credit reports.

Add Good Credit – How to add positive credit to your credit reports.

Collection Accounts and Debt

Statute of Limitations on Debt – Debt does not last forever, there is a time-limit when debt becomes legally uncollectible.

Debt Collectors – How to successfully and calmly deal with Debt Collectors.

Get Deletions – Get collection entries deleted from your credit report.

Debt Validation – Make debt collectors provide proof.

Request Debt Validation – How to Request Debt Validation from debt collectors.

Sufficient Proof – What constitutes proper debt validation and a piece of paper with your name, address and amount you owe is not sufficient.

Settle Collection Debt – How to settle debt with collection agencies for pennies on the dollar.

Settle Collection Debt – How to settle debt with collection agencies for pennies on the dollar.

Student Loan Forgiveness – Get in a Student Loan Forgiveness Program.

Sorting out Student Loans – How to find out what student loans you actually owe.

Student Loans in Collections – How long will you owe a collection agency for student loan debt?.




7 Comments

7 Comments

  1. Johanna

    June 14, 2015 at 6:50 pm

    I need to fix my credit . I would like to purchase a home. There are somethings still impacting my credit score.

  2. ngok lituba

    June 11, 2015 at 7:00 pm

    Hi Lisa,

    Thanks for all the credit repair guides. I have a judgment by my previous credit card company that was passed in 2012 and is killing my credit score(522). Because of that mishap my utilization ratio is at 102% and that is all from that card alone. I do not have any cards at the moment. I have gathered enough money to pay off the amount declared in the judgement but I am wondering if there is anything I can do to have them vacate the judgement or at least remove the card from my credit report given that they are willing to settle for $3000 less than what the judgement mandated.

    Thank you.

    • Lisa Phillips

      June 12, 2015 at 3:50 pm

      (Disclaimer: I am not an attorney and strongly suggest you seek proper legal advice.) There are a few things you can do. First check your state’s statutes to see if the judgment can be vacated based on being satisfied. If not, perhaps there was something wrong in the service (i.e. you were not properly served with the lawsuit) that would allow you to file a motion to vacate. States generally have certain conditions under which you can seek relief from a judgment or order.

      Second, since the plaintiff is willing to settle for less, their attorney may also be willing to file a motion to vacate the judgment as part of the settlement. It may be as simple as reaching out to the plaintiff to ask them to have their attorney file a motion to vacate after they receive payment. Or, you can go ahead with the payment then contact the plaintiff’s attorney directly and ask if there is any way they could help you get the judgment off your credit report since it is now paid. Be polite but stress that the judgment is really weighing down your credit score and you would like to purchase a house or car, refinance, apply for a job….something like that.

      Also make sure that the charge-off account that led to the lawsuit is listed as zero balance. If the charge-off account currently has a balance it could be keeping your credit score low. And, you also need to add some current good credit accounts to your reports to off-set any negative account(s). The best of luck to you.

      ~Lisa

  3. Kisha Parker

    May 20, 2015 at 8:16 am

    I been in a car loan since May of 2014 I just noticed this week (May 2015) that the lender has not reported my payments to the credit bureaus since January 2015. I am paying on time every month and in the process of rebuilding my credit scores. This, I know, can and probably is holding me (my credit scores) back. Why would a company do this? I’ve never seen this happen before, so what can I do about it?

    • Lisa Phillips

      May 20, 2015 at 7:11 pm

      It really depends on the lender or bank how often they report updated information to the credit bureaus. Larger banks and lenders typically report on a monthly basis. But some smaller lenders choose to only report on a quarterly basis. It costs creditors money to report to the credit bureaus.

      There are no laws that require a creditor to report monthly to the credit bureaus. The FCRA only requires creditors to furnish accurate information when they do report to the credit bureaus. You can dispute with the credit bureaus. Perhaps a simple dispute like:

      “This account is missing payment information for February 2015 through May 2015. Please update the payment history for this account.”

      Opening an investigation with the credit bureaus may prompt the creditor to update the account with current payment information.

      • Kisha Parker

        May 20, 2015 at 7:34 pm

        Thank you! I had no idea creditors may only report on a quarterly basis. This is great information. I will send that letter of request. Thank you very much!

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