Repair Your Credit
Posted on November 14, 2008
Filed Under Bad Credit Loans, Credit Repair, Credit Report | Leave a Comment
Its time to repair your credit. Did you recently find out that your credit score is bad? Maybe you were turned down for a credit card or maybe you pulled a free credit report from Experian and noticed that it was below 600. If so, here are a few credit repair steps that you can take.
To repair credit score, you need to take a look at your credit history. You can do this by viewing a copy of your free credit report. You can view your credit report and learn more about credit repair in our free credit repair course (information below).
Looking at your credit history will not only list your FICO score, but it will also tell you how you could improve your credit score. You should consider your credit report to be a roadmap to success. It will list any late payments on your credit report. Get rid of these late payments. Make sure to pay your bills on time. If it lists a legal judgment on your credit report, see what you can do to remove these negative item.
Improve credit score by paying attention to the details. Your free credit report will also list if you carry to high of a balance on your Visa credit card (or whatever brand of credit card you might have). Typically you want to keep your credit card balance or any other loan balance for that matter below the 50% level. This makes the credit bureaus more comfortable with your credit situation.
Finally, to repair your credit, contact your credit card companies or other creditors that have listed a negative item on your credit report. If you want to dispute an item on your credit report, such as a late payment, charge off, negative listing, or judgement; your free credit report will actually list the contact information that you need to dispute these items.
When you do dispute negative items, make sure you keep records of all telephone calls or credit repair letters that you send. This will help you legally remove items that are not supposed to be on your credit report.
Overall, the process to repair your credit score, is laid out right in your free credit report; it’s a great tool that you should use to your advantage.
Repair Credit Score
Posted on November 14, 2008
Filed Under Credit Repair, Credit Report | Leave a Comment
Are you hoping to repair credit score? If you have ever been concerned about improving your FICO score or if you have ever been declined for a loan, this article is for you.
Your credit score is a combination of all your payment history on any loans, credit cards, mortgages, auto loans, or other obligations that you have had. A credit score will go down when you don’t pay on your loans or credit cards or pay late. There are many other factors that go into creating your credit score. However, when you don’t pay or don’t pay your bills on time, your score is negatively affected.
So, to repair your credit score, pay your bills on time! Of course, paying your bills on time is not always as easy as it seems. Sometimes you might be late due to a job loss, or a divorce, medicals bills, legal struggles, or many other reasons.
The first step to fix credit scores is to list all of your debts. See how much you owe on your credit cards (list them individually; such as Visa, Mastercard, American Express, etc.) Then begin to contact each creditor. Of course the way to repair a credit score is to start with the credit cards that have the latest payments on them.
Once you contact these companies that are trying to contact on your debts, try to work out a payment plan with them. They may be willing to settle some of your debts. Which simply means that they might let you pay back less than you actually owe. However, try to pay back the full amount, because settling your debts can sometimes be seen as a negative item on your credit report.
This step to repair your credit score, really just scratches the surface. If you are interested in learning more credit repair secrets, try out the free credit repair course. It provides step by steps actions that you can take to improve your credit score and repair credit scores.
Remove Capital One Credit Card Collections
Posted on November 14, 2008
Filed Under Credit Repair, Remove Collections | Leave a Comment
Are you trying to figure out how to remove a Capital One collection account from your credit report? If so, this is the information that you need to know.
Maybe you have received Capitol One collection calls or capital one collection letters, these are typical ways that Capital One tries to collect on their unpaid credit card accounts. The good news is, that Capital One is often willing to work with you if you are late in paying your credit card bill. If you are extremely late payment (past due 90 to 120 days), your credit report will be very negatively effected.
The first step to remove your Capital One collection account is to contact them. They may be willing to work out a payment plan on your late credit card bill or possibly even settle your debts for lower than what you owe (however, this is probably a rare situation).
If you are unsure who to contact at Capital One, or what to ask for once you have contacted someone, I recommend taking the free credit repair course: (Register Here) that has been designed specifically for you. In lesson one, it will show you how to get a copy of your free credit report and how to remove negative items from that credit report (that are not accurate). Specifically on your free credit report will list the contact information (both phone number and address) that you need for your Capital One credit card collections account.
Capital One Credit Card collections work on all of their credit cards. Some of the credit cards issued by capital one are:
Capital One Business Platinum
Capital One Business Platinum with Advantage 60
Capital One Business Platinum with Double No Hassle Miles
Capital One Business Platinum with No Hassle Cash
Capital One Business Platinum with No Hassle Miles
Capital One Business Platinum with Preferred No Hassle Miles
Capital One Card Lab
Capital One Classic Platinum
Capital One No Hassle Cash Rewards
Capital One No Hassle Cash Rewards for Students
Capital One No Hassle Miles Rewards
Capital One No Hassle Miles Ultra - For Professionals
Capital One No Hassle Miles Rewards for Travel & Gas
Capital One No Hassle Points Rewards
Capital One No Hassle Prepaid Visa
Capital One Standard Platinum
Capital One Standard Platinum for Students
Capital One Platinum
Capital One Platinum Max
Capital One Platinum Prestige
So if you have a 30 day late payment, or a 60 day late payment, or a 90 day late payment, or greater on any of these credit cards from Capital One, I recommend taking the Free Credit Repair Course right here.
information with anyone else).
Credit Report Repair
Posted on November 13, 2008
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Are you looking for credit report repair techniques? We will walk you through the process of boosting your credit score and repairing your credit report.
Credit report repair (or bad credit repair) is an involved process. First, you need to determine how accurate your credit report is. It has been proven that a large percentage of credit reports contain errors on them. (To get a copy of your free credit report along with a credit report repair instruction; sign up for our free credit repair course).
Credit report repair could vary depending on which credit reporting agency you are using. The three major credit repair agencies are TransUnion, Equifax, and Experian. Each credit bureau has their own formula for calculating your credit score, and it will vary on each report. However, generally speaking your reports should have the same debts listed.
To repair your credit, look first at any late payments that your have whether that’s a 30 day late or 60 day late…and you definitely want to remove any 90 day late payments that you might have! Late payments will kill your credit score!
The next step to credit report repair is paying down your current credit obligations below 50%. Never max out your credit cards or other loans; this will certainly help to increase your credit score (FICO score).
Credit report repair and bad credit repair is really about contacting your creditors and be upfront and honest with them. Let your collectors or current debt holders know that you want to pay them off; they will be happy to work out a plan with you. They may not be willing to settle your debts for less than you owe; but they may be willing to stretch out payments or reduce an interest rate for you.
Now if you have judgments on your bad credit report, you can take similar steps by contacting the courts. Be up front and work out a plan…these are the keys to credit report repair.
There are no magic credit report repair secrets; however, there are many different situations that may require different action to repair your credit score. We recommend our free credit repair course, which discusses many of the special techniques you can use to boost your credit score and do credit report repair.
Credit Repair Service
Posted on November 13, 2008
Filed Under Credit Repair, Credit Report, Remove Collections | Leave a Comment
Are you searching for a credit repair service? Many credit repair services exist; however, the best one might be you.
According to FTC.gov, the best source of doing credit repair is you. The reason the government has made this conclusion is because you can do credit repair for free on your own, and there are many credit repair scams out there.
Now this does not mean that there are not credit repair service out there that is legitimate. In fact there are many legitimate credit repair services in the marketplace today that help with credit report repair. You just have to determine if you want to pay someone to fix your credit report or if you want to fix your bad credit yourself.
Credit repair services are not all created equal, that’s for sure. Credit report repair takes education, knowledge and patience. I recommend a particular credit repair service to my clients because I know it has worked time and time again. In fact, I talk about what service this is along with how you can do free credit repair on your own in the RedfoxCredit credit repair course.
If you can check with the better business bureau about a particular credit repair service, that is a good way to start. Even better is if you can talk with someone that has used the credit repair service company before. A referral is always the best way to get “the scoop” on a company.
Overall, credit repair does not have to be difficult, but it does take effort and “know-how”. You can learn how to do credit repair on your own. You can learn how to do credit report repair for free. But you can also just as easily pay someone to do it; you are paying for expertise and time.
Essentially a credit repair service will take a look at any bad debts that you have and seek to get these negative items (including late payments, collections, medical bills, chargeoffs, and others) removed from your credit report. This is done by contacting your creditors, following up with them, and working out a payment plan for you.
Bad Credit Repair
Posted on November 13, 2008
Filed Under Credit Repair, Credit Report, Remove Collections | Leave a Comment
Are you looking for bad credit repair help? This article was written for you with a focus on revealing the credit repair secret that will improve your FICO credit score.
Bad credit repair does not necessarily have to be a difficult process; although you do have to be dedicated to the credit repair process. The real credit repair secret is that it takes time and effort to repair the worst of credit scores. However, do not get discouraged about your bad credit score; there are a couple of steps that you can take to raise a bad credit score.
The best thing to do to accomplish bad credit repair, is to list all of your debts and especially those debts in collections, including the 90 day late payments.
Next begin contacting your creditors one by one; whether it’s a collection account (Wells Fargo Collections or Bank of America Collections, or any others). Whenever you contact your collection office for credit repair; fully document your collection telephone conversation or the collection letter correspondence. If you need help with collection letters; here are some free credit repair letters that you can use.
The purpose of contacting your old debts that need to be paid is to work out a payment plan. Bad credit repair starts with getting rid of the old debts and starting things fresh. Collection companies may be willing to settle your debts with you or remove the negative item from your credit report. However, most likely you will have to pay off your bad debts or judgements.
In the future, you can improve your credit score by paying credit cards on time (and all other debts). In addition, try not to max out the credit limit on any of your debts. By using smaller amounts of your credit cards, your credit score will actually improve.
This article simply scratches the surface when it comes to repairing bad credit. For a more comprehensive course on credit repair we recommend our free credit repair course. It included the credit repair secrets that you are looking for; including how to stop the collections calls, remove negative items from your credit repair, and boost your credit score back to where it should be.
How to Remove a Bank of America Collection Account
Posted on November 12, 2008
Filed Under Credit Repair, Remove Collections | Leave a Comment
If you have viewed your free credit report recently and noticed that you have a Bank of America debt in collections and you are wondering how to remove that account. Then this article is for you. In fact, I will discuss how to remove a Bank of America collections account from your credit report; in addition I will cover some basic tips on how to do credit repair on your own.
Bank of America loans money in the hope that they will get paid back. When you have a Bank of America late payment they want to collect on that debt. That is your obligation to pay and they will do all that they can to collect on that debt listed on your credit report. Take action to help prevent damage to your credit score (FICO score) right away.
First, contact Bank of America to let them know that you want to work with the collection account to pay it off. Simply by letting them you want to remove your collection account, Bank of America will work with you. They may be willing to settle your debts with you depending on how late the payment is, and how much money you are willing to pay down.
Repairing your collection accounts with Bank of America (or Wells Fargo Collections or any other) may simply be the first step to reparing your credit overall. In fact, a credit restoration play or a credit repair plan does not have to be difficult. Improving your credit score does take some education though, you have to know how your credit score is calculated and the steps that you need to take to improve upon your credit score.
We invite you to attend our Free Credit Repair course which takes simply seven day to learn the credit repair secrets that you need to know.
Wells Fargo Collections
Posted on November 12, 2008
Filed Under Credit Repair, Remove Collections | Leave a Comment
Do you have a collection account with Wells Fargo collections? Here is what you need to know to get a charge off with Wells Fargo or a late payment with Wells Fargo removed.
First, Wells Fargo is like any other institution in that they are simply trying to collect the money that they may have lent to you. So, if you have received a collection letter from Wells Fargo, or you have received a telephone call from a Wells Fargo collection officer; you can be assured that this negative account is showing up on your credit report.
Try not to avoid the collection calls or to ignore the collection letters from Wells Fargo. What you need to do is to face the music and own up to whatever debt obligation that you might have. Call Wells Fargo directly or if they have sold off your debt to some other agency, call that collection agency.
Then begin to work out a payment plan with Wells Fargo. This is the first step to repairing your credit score by getting rid of negative accounts. You may not be able to remove a charge off immediately from your credit report through Experian, TransUnion, or Equifax (the three major credit reporting agencies).
In fact, depending on how late your Wells Fargo collections account is whether it be a 30 day late, 60 day late, 90 day late payment, or 120 day late account; Wells Fargo may be willing to reduce the amount you owe. For simply coming clean and telling them that you are willing to work out a payment plan they may reduce a $10,000 debt down to 50% of that or more, it really depends on the situation. If nothing else, Wells Fargo may be willing to stretch out the maturity of your loan (or credit card payment or business line payment or whatever credit collection obligation that you might have with them). Wells Fargo is also willing to reduce interest rates if necessary to facilitate your ability to collect payment from you.
This is the first step to repairing your credit score when you have a Wells Fargo late payment. There are many more, and in fact there are many little know credit repair secrets that could make this much easier. You can learn about all the steps necessary to repairing a good credit score and report by taking the Free Credit Repair course, it only takes 7-days.
Remove 90 day Late Payments from Credit Report
Posted on November 12, 2008
Filed Under Credit Repair, Credit Report, Remove Collections | Leave a Comment
Have you recently viewed your credit report online and noticed that you had a 90 day late payment? If so, you are probably wondering how a 90 day late payment both affects your credit score and how to remove a 90 day late from your credit report.
First of all, credit repair is not easy. Restoring your credit score after a 90 day late payment takes commitment or yourself, and of your personal budget. An “easy button” doesn’t exist for credit repair or improving your credit restoration; however, there are some steps you can take to return your credit score to a respectable level.
First, contact the company for which you have a 90 day late payment with. If your credit obligation has gone to a credit collection agency; work with that agency. The collection agency now owns your 90 day late payment, and you are responsible for paying that collection agency back. There is really no way to get away from paying your bills, you will have to pay one way or another. Unless some sort of error has been made with your 90 day late payment.
If some sort of error on your credit report or FICO score has been made, you may be able to get away with not paying your bills of a 90 day late. However, this is a rare circumstance. To learn more about what you can do in the case there is a error on your 90 day late payment or credit report in general, take action. Take the 7-day free credit repair course. You will learn the credit repair secrets to remove 90 day late payments from your credit report in a legitimate manner.
Once you contact your collection agency or creditor; work out a payment plan on that late payment. The credit agency or collections may be willing to reduce the amount of your payment or total obligation amount.
If you have not had a chance to look at your credit report online yet, do so now at Free Credit Report.com. Repairing your credit does not have to be difficult; however, credit repair does take a effort.
Free Credit Repair Letters
Posted on October 24, 2008
Filed Under Credit Repair | Leave a Comment
These letters can be done on your own; however, you need to follow up and stay on top of these companies until you have a response.
And of course as always, I do recommend having Lexington Law Firm help you out with these letters if you are feeling overwhelmed. You pay to have your oil changed in your car; why not pay a legal firm a small fee to have your credit repaired? It will save you thousands in the future.
Your letter can go something like this:
Re: Unauthorized Credit Inquiry
Dear American Express:
I recently received a copy of my Experian credit report. The credit report showed a credit inquiry by your company that I do not recall authorizing. I understand that you should not be allowed to put an inquiry on my file unless I have authorized it. Please have this inquiry removed from my credit file because it is making it very difficult for me to acquire credit.
I have sent this letter by certified mail because I need your prompt response to this issue. Please be so kind as to forward me any documentation that you have had the unauthorized inquiry removed.
If you find that I am remiss, and you did have my authorization to inquire into my credit report, then please send me proof of this.
Thank you in advance,
Your Name
OK, so you have gotten your credit report in the best shape possible and you are trying for that new home. BUT, your credit still has some dings. Even though you may qualify, the lender will ALWAYS ask you to explain any lates on your report. This letter will not help a desperate credit situation, but may make a difference in a marginal one.
The basic premise of this letter is:
• The situation you were in which caused you to pay late was beyond your control
• You have vowed to never let it happen again
• Here are the things you have done to make sure it doesn’t happen.
To Whom it May Concern:
I am writing this letter to explain my late payments on my mortgage to XYZ mortgage company and to American Impressed in Jan 2000.
I am saddened and even distressed that this has happened to me, but I was <laid off>, <seriously injured>, <going through a death in family>. The circumstances drained my carefully put aside savings and I was forced to miss a payment because of it. My financial advisor told me not to tap into my 401K, and I was able to recover from this crisis and begin making on-time payments.
I have always prided myself in paying on time, and I have taken steps to put away more money in my savings account to guard against other unforeseen occurrences like this.
Sincerely,
Your signature
Letter Requesting inaccurate late payments removed from your credit report:
To Whom it May Concern:
Your Name
SSN XXX-XX-XXXX
Address: 1 E. Any Street, Anytown, USA
(Current address for last 5 years)
DOB: 1/1/00
I’ve just reviewed my credit report and have noticed there are several inaccurate items on my report that need to be corrected:
Chase VISA Acct: xxxxx-xxxxx-xxxx-xxx:
This account is listed as being 30 days late. I have never been late on this account.
Sears Acct: xxxxx-xxxxx-xxxx-xxx:
This account is listed as being 30 days late. I have never been late on this account.
MBNA Acct: xxxxx-xxxxx-xxxx-xxx:
This account is listed as being 30 days late. I have never been late on this account.
Please remove these inaccurate late payments from my credit report, and send me documentation that these items have been completed.
In addition, there are a number of credit accounts which have been inactive for more than 7 years. As you know, the FCRA states that all credit accounts older than 7 years should be removed from my report. The following accounts should be removed:
Diner’s Club Acct: xxxxx-xxxxx-xxxx-xxx:
GE Consumer Card Acct: xxxxx-xxxxx-xxxx-xxx:
Macy’s Acct: xxxxx-xxxxx-xxxx-xxx:
I have enclosed a copy of my driver’s license as proof of identity. If you need anything in addition to the information provided, please contact me at (phone number).
Sincerely,Your Name
From FTC.gov
Sample Dispute Letter
Date
Your Name
Your Address
Your City, State, Zip Code
Complaint Department
Name of Company
Address
City, State, Zip CodeDear Sir or Madam:
I am writing to dispute the following information in my file. The items I dispute also are encircled on the attached copy of the report I received.
This item (identify item(s) disputed by name of source, such as creditors or tax court, and identify type of item, such as credit account, judgment, etc.) is (inaccurate or incomplete) because (describe what is inaccurate or incomplete and why). I am requesting that the item be deleted (or request another specific change) to correct the information.
Enclosed are copies of (use this sentence if applicable and describe any enclosed documentation, such as payment records, court documents) supporting my position. Please investigate this (these) matter(s) and (delete or correct) the disputed item(s) as soon as possible.Sincerely,
Your name
Enclosures: (List what you are enclosing)
The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop, and avoid them. To file a complaint or to get free information on consumer issues, visit ftc.gov or call toll-free, 1-877-FTC-HELP (1-877-382-4357); TTY: 1-866-653-4261. The FTC enters consumer complaints into the Consumer Sentinel Network, a secure online database and investigative tool used by hundreds of civil and criminal law enforcement agencies in the U.S. and abroad.
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