How to repair your credit and build your score.
Learning and understanding your rights as a consumer are paramount to understanding how credit actually works. The FCRA and FCDPA are the guidelines and specific laws upon which you need to understand and that I utilize to correct and improve consumer credit reports. Seeing first hand what pay day loans and credit repair companies do to hard working people I have set out on a personal mission to fight them, with you.
It’s difficult to explain how predatory and harmful these companies / individuals are to consumers. In my personal opinion I don’t care if the debt or annotation on your consumer credit report is yours or not. Just being honest. The amount of times Americans are scammed by large banks and credit institutions I tend to side and feel compassion for the common man (us consumers). So while I won’t say that I condone scamming every creditor constantly, I’d usually side with the consumer (you). And there are a multitude of ways to legally and efficiently repair a credit report.
1- Don’t EVER verify information when speaking to a creditor or collection agent. No matter what they say. This can be a costly mistake.
2- Do not try and electronically challenge every negative piece of credit with the 3 credit bureaus. This WILL NOT WORK. Your information will simply be verified and stay on your report for longer.
3- Learn to write a properly certified letter to each creditor, agency and or reporting bureau. Again to ascertain information for yourself, not to verify information for them to use against you.
4- Learn the FCRA and FDCPA. When speaking with anyone regarding an account that may or may not be yours collection agents are bound to follow the rules of these two acts. Each mistake they make can get you $1000.00 from them and reasonable attorney fees. Make them make mistakes! Often times after you force these mistakes they will be happy to remove negative remarks.
5- Learn to utilize the Consumer Finance Protection Agency and the FTC to your advantage.
6- Understand that repairing your credit effectively can take sometime. Doing it the wrong way will 100% not work and keep negative marks on for longer.
7- There are a lot of Credit repair scammers that want your money!! They bank on the fact that you are either uneducated, lazy or simply stupid.
8- Negative marks will be automatically be removed after statute of limitations for your state expire. That is FALSE. You need to have them removed yourself the vast majority of the time.
9- Learn to utilize the police and identity theft to your advantage.
(**Disclaimer** if you think you may have been the victim of I.D. theft this is a very effective tool to repairing your credit fast). The burden of proof falls on the creditor and reporting agency. **Collection Accounts**
If a collection agency contacts you do you know what to say?
If you contact a collection agency do you know one of the most important tools to removing collections from your credit reports?
Knowledge of the FDCA and FCRA. This is your #1 tool.
Some statements to make. How did you acquire my personal information?
Have you shared this information with any 3rd parties?
Am I legally required to answer any of your questions or share any information with you?
Do you pay taxes on this account?
Do you have proof of assignment?
Who specifically from the alleged original creditor gave you my personal information and on what date?
What is my account # with you? (This is key) If you can verbally have them admit they have an account # for you different and/or separate than the alleged original creditor this is illegal. They have their own account # and report this alleged debt to the credit bureaus.
I was under the impression for me to have an account # with you that we would have a signed contract? No, you don’t have this contract? What about a power of attorney? Questions like these will often lead to the ultimate removal of these items from your credit report. But you have to know how to ask them! And then who to tell when they violate the FDCA or FCRA.
Today October 9th 2017 was a good day for one of my consumers. After 4.5 months 7 collection accounts, 2 judgments, a tax lien, and 17 inquiries later they can officially breath easier. They listened! Now that they can finally take this weight off of their chests I too can breath more easily. This was one of the tough ones. Days like this make me happy. 521 median score to 716 Success!
I was able to get my credit situation under control within months after I did all the steps I show and help my members with. The chart below shows my time frame.
Please feel free to ask and add me on my social accounts just to see a few ways I help people. I’m attached to over 4500 people. I have endorsements from employers and referrals from previous credit repair clients.
And YES inquiries are easily removable! I’m asked this multiple times a day
Questions I’m normally asked:
Can you help me for nothing. Sometimes yes. If you feel the information I have provided you is too much we can consider retaking me as your advocate.
Are you a company?
No I am not. I am one guy that actually does all the work myself. There is no margin for error therefore I handle all files from beginning to end.
How many people work for you?
None. Just me. I never have more than 20 clients at once. This ensures I can properly serve them.
What do you charge?
Typically $514.00 plus the cost of certified letters if you want them sent with verification upon retrieval. However, for very difficult and time sensitive files that require special attention and 20-40 + separately written certified letters this will require $600.00 plus cost of certified mail. This is a very time intensive job. When your watching the news at night I’m reading the FCRA and FDCPA to stay ahead of the curve, new technology and ensure my clients are being taken care of. This being said, transactions are non refundable.
What is your background?
Leveraged Finance Investment banking, working with underwriting loans officers for a large cap bank, credit analyst, mortgage banker, underwriter and several years of work with credit specialist for one of the 3 reporting bureaus.
How do you know how to fix credit?
Years of practice. Memorizing the FCRA and FDCPA. Trial and error.
What can be removed from my credit report?
Simple answer is usually anything. However, the only piece of credit that typically re appears after removal is child support. To be honest I don’t like removing this without a very compelling reason. Collections, Bankruptcies, Judgements, Tax Liens, Foreclosures, Repossessions, Late Payments and several more can all be removed in due time.
How do I know you’re not a scammer that will take my money and do nothing?
You don’t. But if you don’t feel comfortable after talking with me Id rather not do business with you either. My reputation, knowledge, integrity, and past performance speaks for itself.
But Lexington Law has a great website and pleasant operators Josh.
I agree. They do have great operators and an awesome website.
So go try them. See how it goes. Talk to you in about 30-60 days when your still in the same place minus a bunch of money.
Do you do “clean Sweeps”? Otherwise known as FCRA Section 609?
Yes, when it’s appropriate. But the way I do things it should not be necessary.
Can you remove inquires and How?
Yes. By utilizing a system called bumping. Ask me about it and Ill explain it you.
How much will my score go up?
Unanswerable question. Sometimes me removing all of your negative remarks can negatively affect your score in the short term. However, my job is to get the bad remarks off of your report. Not solve and unsolvable algorithm that determines credit score. I will show you how to raise your score by fixing your credit, teaching you how to get new credit and effectively managing it.
Will you get every single piece of negative credit off of my report?
Difficult to answer. Most times that answer is yes. It’s more a matter of when not if.
Although many people can use what I’ve shared to repair and build their credit. Some people just want to have someone else with experience and knowledge to do it for them. If you would like to use my services and have me do the heavy lifting than you can choose one of the options below. Remember this is optional. Select an option below.
Includes typing up all the letters and sending them out to bureaus. Talking to creditors on the phone as needed. All postage is covered by consumer.
Includes typing up all the letters and sending them out to bureaus. Talking to creditors on the phone as needed. All postage is covered by consumer. Credit score increase by adding consumer as authorized user on credit cards.