Tag Archives: bad credit damage

Primer on Disputing Credit Report Negatives

Primer on Disputing Credit Report Negatives If you have been reading my book available at http://onhomebuyingandcreditrepair.com and following my column you know that “pay for delete” is the way to go. Instant gratification…no fuss, no muss. The negative record disappears as if it never existed. Who could ask for more? But what if they won’t play

Credit Bureau Complaints Treated Like Dangerfield

Credit Bureau Complaints Treated Like Dangerfield   Hopefully your father wasn’t so stupid that he went to jail for stealing pens from a bank and you weren’t so ugly that the doctor slapped your mother when you were born, but like Rodney Dangerfield your electronic disputes get no respect from the credit reporting agencies.  Why

Credit Dispute Letters: Don’t Use Templates

OCR-A was a font developed to be easily recognized by early Optical Character Recognition programs, as well as humans. (Photo credit: Wikipedia) Credit Dispute Letters Need Careful Wording Deny negative credit report entries.  Make the alleged creditor verify.  Unverifiable debts must be removed within 30 days. Put the collection agency to its proof.  You have

Low Credit Scores Do NOT = Bad Behavior on the Job

  Do Low Credit Scores Predict Bad Behavior? Low Credit Scores Do NOT= Bad Behavior on the Job Have you ever noticed how people seem to regard credit scores as a report card on character in general?  Did you ever suspect that Employers use low credit scores as report cards on the applicant’s moral fiber? 

Credit Card Behavior Scores

  Credit Card Behavior Scores Credit Card Behavior Scores I find this incredible.  Large credit card companies commonly keep separate behavior scores on their customers according to a study conducted by the Federal Reserve in 2010.  There was an incredibly large total of 35 million instances in one month.  Only 1900 card holders actually saw

Credit repair businesses under fire

Credit Repair Businesses are controlled by Feds The Consumer Financial Protection Agency is now studying Credit Repair Organizations and may come up with new regulations at some future point.  Until that point is reached this is the current state of the law. The Federal Credit Repair Organizations Act (CROA) is the law that governs businesses

Your right to explain in writing on credit reports

  Your Right to Explain in Writing on Credit Reports There are many things about the credit scoring system that are counter-intuitive.  A consumer has a right to file a written statement of 100 words or less to explain anything he feels needs further explanation.  Don’t do it. Statements in Writing on Credit Reports don’t

I won my credit dispute, but the damage has been done!

 I Won My Credit Dispute Damage is Done Unfortunately the presence of negative information on their credit report becomes known to many people only after it has hurt them.  This is why I urge being pro-active about keeping your credit reports clean by finding problems ahead of time. Credit dispute damage is preventable.  Get your