Today I’m going to teach you how to improve your credit score and remove those derogatory marks from your credit report.
In my last post, I mentioned I was an expert when it came to credit. Many people claim to know about credit and 90% of the time they're wrong.
Right out of high school, I was a bill collector. I collected on bad credit card debt, and I was good at it. I made a lot of money, but it came with a high soul tax.
I did this for 8 years and in that time I was sent to courses on credit and credit law. I even went out of state for a month long training. The sad part was that I wasn’t going to these classes to be taught how not to break the law, I was sent there to learn how to dance around the law. They taught me how to walk the gray line and say the things I wasn't allowed to say in a legal way.
2 months into my 8th year and on the month of one of my biggest commission checks, I quit. I called an old lady whose husband had died and argued with her, I cried afterward.
I was done.
After that, I got a job at a credit consolidation company. I learned even more there but I also learned it was a scam and they cared nothing for the people.
From there, I worked for a credit repair attorney. I was trying to pay back and help the people I once collected from. He was a good guy and fought for the people who were struggling and in hard times.
Now before this post gets away from me, we’re going to get down to business.
If you read my first post, I mentioned how I used this method to help a friend with their credit. This was his results after 33 days.
What we are going to do is dispute any bad debt with all three credit bureaus, but there is more to it than just that... I will get to in just a minute.
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Now some people will tell you that you can’t dispute something you know is your debt, and that is true.
But how sure are you that any of those accounts are truly yours? I knew a friend that paid off a 3k debt thinking it was an account he opened 5 years ago only to find out it wasn’t really his account and someone committed fraud.
He later found out that the account he thought it was had already been closed and off his credit. How sure are you about your accounts?
It’s your right to ask for the validity of any negative mark.
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We are going to write a simple letter asking that the credit bureaus to verify the negative marks on your credit.
Now, I want you to go over every derogatory mark on your report and make a note of it. Every late payment, bad debt, closed account or collection account, everything. List it all in the letter.
There are templates online (search "30-day dispute template" in Google) that you can use to plug your information in.
Here is where the loophole is, they have 30 days to prove the validity of any debt, and we are not going to make it easy for them.
We are going to send this letter certified mail return receipt to each of the three credit bureaus. In this letter, don’t put your email or phone number, just your address. Also, include a photocopy of your ID. You want them to have to mail the results back to you.
When they receive your letter, someone will sign for it, and you will get a receipt of when they got the letter.
From that day, they have 30 days to respond and usually they can’t get the information back to you within that time. And some creditors don't even want to go through the hassle and just fix your report.
After those 30 days have passed, you will mail another letter with a copy of you certified mail receipt that shows the day they got your original message. In this letter, you say they have failed to prove the validity of these derogatory marks, and you want them removed.
You can search for this template for this one also; look for “30 Day Dispute Period Has Passed” in Google.
Once they receive this letter, they will remove the derogatory marks, and your score will skyrocket. They can be fined up to 1k a day for continuing to report it on your credit.
The credit bureaus don't care about your credit, they want to make money off you and won't lose a night of sleep removing these from your report.
I have helped a ton of people using this method, and they have all had some increase in their score. I look forward to hearing your success stories and if you have any questions let me know.
Awesome, my dad is a former Bankruptcy attorney and he tries to help people with advice like this all the time.
I also resteemed, I hope you don't mind. If you do, let me know and I will remove it.
Thanks for the love Fred!
You're quite welcome. More quality posts like this and you will have gained a loyal follower.
Definitely. I was thinking about writing a post on how I improved my credit score using this method, but you've pretty much got it covered now. :) And, you have more credibility in this niche, because you used to work in it. I simply followed the same advice you give here in a book I read. Either way, it's useful information many Steemians will appreciate.
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I never knew hackers could improve a low credit score until i met one on a discussion forum when i googled how to improve my credit score, i read a lady’s comment on how capable the hacker is of solving issues that has to do with hacking. So i mailed him and asked if he had the ability to raise credit scores(all 3 companies) and also eliminate eviction off court records. Then he replied yes and asked me to provide him some info of mine he’ll need to run the hack. when i did just that, he completed the hack within 72 hours at a price that’s worth it. I give thanks to the ethical hacker for coming to my aid when i needed him the most. Reach the hacker at spystealth(.)org(@)gmail(.)com and you’ll be amazed by his skills.
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I used this exact technique to clean up my own credit. Starting a year and a half ago, I've had about a dozen collections and negative accounts removed from all three credit bureaus doing EXACTLY what you describe here. I only have on negative account left, and they've never indicated the account is disputed on my credit reports, or sent me proof the account is mine, despite me sending the round of letters twice. I'm going to have to take that one to small claims court. But, all the others were removed with these letters, even if I DID have to send some of them more than once. I've also improved my credit even more by qualifying for new credit cards (and keeping the balance low), being added as an authorized user on other ones (to age my credit), getting old addresses removed, and getting inquiries removed. It DOES work.
I love hearing stuff like this and you're right about the new card offers and keeping your utilization low. I will make a post about those things too. I have a few helpful tips to break through to the 800's that I will also post about.
Thanks for the message, I appreciate it.
Thanks for this invaluable information. I need to know this. I actually have no degraditory marks now but one never knows if need to use your information. Up voted and appreciate the same.
Thanks for the love!
3rd and final letter:
"You have officially been Rico'd" B-)
Ha! That would be gold.
This is VERY solid advise. Law and credit is one of my specialties also and I know from experience what you are saying works most of the time and is 100% risk free besides the time it takes to do.
Great post, I hope people are wise enough to take advantage of this.
This is a post with MAJOR value so I gave it a 100% Upvote and will follow you.
Blessings~*~
Thanks for the love.
You deserve it!
Dude, this is amazing inside advice. Resteemed!
Thanks, brother!
Hi Rico. Do we send them to the credit bureaus or collection agency. When i look up templates, it says to insert collection agency address. Do you have a good template or example that you could send me a link to? Thanks.
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