1-Claim & dispute each 3 credit reports!

After order your annual credit report 

—You must fight credit bureaus, a lot of creditors to amend many mistakes, errors, inaccuracies, biased items.

—You must check and dispute all 3 credit reports. (Experian, Equifax, TransUnion)

—Each bureau individually collect different information on you.

—Each bureau filled their information with different mistakes, errors or inaccuracies !

—Keep in mind the credit report from one credit bureau may have an error while another not !

—So neither credit report is the best.

—Make sure to mail your letter with a certificate of mailing, keep the proof of mailing for your records.

—Find and keep all your original documents to dispute.

—FIRST use the SAMPLE 1 (At the end on annex 1, Credit Report Dispute Letter)

—SECOND use the SAMPLE 2 (At the end on annex 2, Follow-up Letter)

—The road to credit recovering is a marathon, not a sprint, which means building or rebuilding your credit isn’t a quick process, mostly if you have a bad credit…. (Between 3 & 4 months)

 

N.B. : If your FICO Score is about or under 650, you have a poor, bad Credit Score and your Credit Report can contain: Errors, Mistakes, or even more Judgment, Collection, Late Payments, charge-offs. You must debate your Credit Report right NOW. It pays widely to choice an expert to improve quickly your credit score. Just find your Credit Score like an investment lucrative and the best for you young man to save a lot of money in the future.

PRO Credit Fix……….XXXXX

 

2—The resolution process : Send a Credit Report Dispute Letter !

—Do it Yourself Credit Repair include a sample letter for you to use or show you how to get or make one yourself.

—Just be sure to include as many information as possible to support why you believe the item to be incorrect.

—You want to get a tracking or receipt number, so you can be sure of when your letter is received.

—Once your dispute is received, the bureaus normally have 30 days to investigate your claim.

—After this is completed, you should receive some communication.

—This can be either an updated credit report showing any changes made or an explanation why the dispute didn’t result in any changes to your report.

—If you don’t receive a communication after 30 days you can to send follow-up letter.

 

3—What to dispute on Credit Reports ?

• Name misspelling

• An out dating mailing address

• An incorrect date of birth

• Wrong phone number

• Wrong address 

• Wrong address previous

• Review your list of accounts, balances, payment history and account status. Look for incorrect statements of missed or late payments  

• On time payments showing as late

• Incorrect payment status (+30-60-90-120 days)

• You don’t recognize information on your credit report

• Incorrect accounts

• Fraudulent accounts (if you are victim of identity theft)

• Information or accounts or debts from ex-spouse

• Credit cards accounts or loans for someone with similar name

• Errors may have lenders seeing double because accounts have been reported more than once, making it appear you have more open lines of credit or higher debt than you actually do

• Negative information that remains on your credit report beyond the maximum (outdated information) EX: Bankruptcy, negative accounts over 7 years old.

• Make sure that older bad debts that should have been, because credit Bureaus should remove them from your report after 7 years.

• Duplicate collections.

• Someone who has fraudulently used your identity

• Reinsertion of inaccurate information after it’s corrected

• If you closed a credit account, make sure that does reflect that it was “closed by grantor” making it appear that the creditor closed the account, and not you.

 

4—The damage points on FICO Credit score !

The FICO Score Range are:

• 800-850 = Exceptional : your goal must be….!

• 740-799 = Very Good

• 670-739 = Good

• 580–669 = Fair

• 300-579 = Very poor

****According to FICO’s published Damage Points guidelines, the effects range from 130 to a 240 point drop.  

For example:

—A person with a 680 credit score would drop between 130 and 150 points.

—A person with a 780 credit score would drop between 220 and 240 points.

NEGATIVE ITEMS………..SCORE DECREASE 

1. Bankruptcy……………….  150 to 240 Points

2. Foreclosure………………   100 to 160 Points

3. Eviction……………………     100 to 160 Points

4. Repossession……………. 100 to 120 Points

5. Charge-Off………………..  100 to 120 Points

6. Short Sale…………………    80 to 120 Points

7. Judgment………………….  80 to 120 Points

8. Debt Settlement ………80 to 120 Points

9. Late Payments…………  60 to 120 Points {30 days, 60...}

10. Collections ……….……….  60 to 110 Points

11. Tax Liens…………………..    Up to 100 Points

12. Hard inquiry………………. Up to 15 Points

13.  Incorrect balance………….       45 points

14.  incorrect credit limit……….   45 points

 

 

5—The cost of Fair or Poor credit score?

~You can pay Higher Interest for :

• Fair, poor credit car loans=  You can pay an interest range (5%,10% or 15 %)

• Fair, poor credit mortgage=  You can pay more than (.5% to 1%) than your friend! 

• Fair, poor credit personal loans =  (+ or - 25 %)

• Fair, poor credit cards =   (20%, 25%, or 30 %)

~Creditors raise the price of your bills, charge your fees or deposit:

• Cell phone providers

• Insurers companies

• Utility companies

• Landlord (Leasing)

~Or Worst  :

• You can miss the HOUSE  you desire !

• It could influence your RELATIONSHIP !

• Employers can check your Credit and…!

• It could keep you from getting HIRED !

• It could cost you a PROMOTION !

• You can deny for a LOANS !

• You can deny for a CREDIT CARDS !

 

6—The financial advantages of an Excellent credit score !

—Quickly loans approved !

—Best auto and home insurance !

—Best interest rate !

—Best terms, no fees or deposits.

—Best jobs & promotions !

—Best mortgage !

—Best relationship !

—More travels

—More entertainments

—More savings

—More bitcoins

—More music festivals

—More fitness

—More wellness