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For more information about Fixing Your Credit, check out: this link:
http://tinyurl.com/fixyourcreditx
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If you do a search using Google, yahoo, Bing or any other search engine using the phrase "how to
fix your credit" you will get over 40 million results. Go ahead and try it.
If you take the time to click on all of the links on the first few pages of the search results for "how
to fix your credit" here is a summary of the results that you would get:
All the information on these credit repair websites tell you that all you need to do to fix your credit
is write a dispute letter to all 3 credit bureaus... then most of these credit repair websites attach a
sample "how to fix your credit" dispute letter for you to use as a template that goes something like
this...
Dear Sir or Madam:
I am writing to dispute the following information in my credit file. The items I dispute also are
encircled on the attached copy of the credit report I received from your company.
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.)
Then these Credit Repair web sites will give you more BS "How To Fix Your Credit" Advice
They will tell you that the law requires the credit bureaus to investigate all of the items that you
dispute within 30 days - unless they consider your dispute frivolous. Guess how often they
categorize your dispute as frivolous? If they don't respond in 30 days --- whoppeeeee --- they have
to remove the negative credit item from your credit report.
They will also tell you that the credit bureaus are also required by law to forward all the relevant
data you provide them with about the disputed item to the organization that provided the bad credit
information to them. After the information provider receives notice of a dispute from the credit
bureau, it is required to investigate your dispute, review the relevant information that you sent to
them, and report the results back to the credit bureau. If the investigation reveals that the disputed
information is inaccurate, the information provider has to notify the credit bureau so they can
correct it in your file.
When the investigation is complete, the credit bureau must give you the results in writing, and a
free copy of your credit report if the dispute results in a change of any kind. Did you notice the
word "if"?
Why All The "How To Fix Your Credit" Web Sites Are A Waste Of Your Time & Money!
If any of the credit repair web sites that show up when you type in the phrase "How To Fix Your
Credit" had any credibility at all here's what they would tell you.
They would tell you what really happens when you send in your how to fix your credit dispute letter
instead of what is supposed to happen. But they don't.
None of these credit repair sites want you to know the truth that disputing bad credit items will not
fix your credit and neither do the credit bureaus. If you don't know why I will tell you later.
Here's what really happens when you spend an hour putting together your "how to fix your credit"
dispute letter and go to the trouble of attaching copies of your drivers license and SS card to prove
who you are along with any other documentation you feel will prove that the the negative credit
item on your report is invalid and should be removed.
First: Your "how to fix your credit" dispute letter gets delivered to the mailing address of the credit
bureau. Then your dispute letter along with five or six thousand other dispute letters the credit
bureau received that day get sent UPS to an offshore location in India where thousands of low
paid workers given a title of "investigator" open up your certified mail letter that you paid
approximately $5 to have delivered and delivery confirmed.
The "investigator" that opens your letter has a maximum of 4 minutes to determine what 2-digit
code to reduce your dispute to. That's right. The letter that took you an hour to compose in great
detail and all of the attachments that took another 30 minutes to make copies of doesn't even get
read if it is more than 2-3 paragraphs. Then the investigator who doesn't have a very good grasp
of the English language has 4 minutes to scan your paperwork and reduce everything into a 2-digit
code.
The investigator then plugs this 2-digit code into a computer application called E-Oscar. E-Oscar
then sends this 2-digit code to the company that submitted the negative item to the credit bureau.
The supporting documentation that you sent with your dispute letter is never read let alone is
NEVER sent to the information furnisher even though the law requires them to do so. Guess what
happens next?
The "investigator" at the information furnisher, who also sits at a computer and also uses E-Oscar,
also has 4 minutes to evaluate the dispute and reduce it to a 1-digit code which represents the
letter that will be sent to you which basically says, we have verified the item that you disputed and
it is valid. The code that this person plugs into E-Oscar also determines the letter that you will
receive from the credit bureau that basically tells you that the negative item that you disputed was
investigated and found to be valid. The Credit Bureau that you sent your dispute to just broke the
law and they do it all of the time and they get away with it because not enough people file a
complaint with the FTC.
How do I know that this is the way your credit dispute letters are handled? Because I read the
transcript of a court case that involved a consumer who sued a credit bureau and the testimony
given by a witness who worked at the credit bureau gave testimony on how a dispute letter was
handled. In my job I read through court files for cases involving credit reports and consumer debt.
That's what I do for a living.
In doing my research I have discovered that Federal Courts have ruled that Credit Reporting
Agencies (credit bureaus) are not supposed to "parrot" the information that they get from the
creditor (information provider) in response to your negative credit dispute. (See: Cushman v
TransUnion, Stevenson v. TRW (Experian), and Richardson v. Fleet, Equifax, et al). The law
requires them to conduct an independent REASONABLE investigation to ensure the validity of the
debt and the honesty/integrity of the creditor in question. Does the description above sound like a
"reasonable investigation" to you?
So to answer the question, "How To Fix Your Credit" the answer is, you can't fix your credit using
the information provided to you from these so-called credit repair websites. The results you get
when you use search engines for any subject concerning "credit repair" are totally useless...
because they don't tell you the truth, that writing dispute letters doesn't work.
You may find the odd credit repair site that will tell you that writing your own dispute letters is a
waste of time therefore you should pay them to do it for you because they are a big law firm and
the credit bureaus will pay attention to a law firm. Credit Repair Law Firm results are not much
better and not very cost effective.
Bad Credit can NOT be repaired via "credit repair" BUT there is a way to "Restore" a bad credit
score into a "Good Credit Score" irregardless of whether the negative credit items you have are
valid or not. That's right. You read that correctly. Let me say it again.
You Can Force Credit Bureaus To Remove All Negative Credit Items On Your Credit Report Even
If All of Them Are Correct and or Valid. Credit Restoration Is Different Than Credit Repair
The reason credit repair companies don't tell you about this is because they don't know how to use
the applicable federal laws to force credit bureaus to remove bad credit from your reports. They
know that there is a patented legal dispute system to get this done but none of the credit repair
companies are able to use it and/or don't want to use it.
Why? Because the majority of the credit repair companies are either owned or controlled by the
credit bureaus and or credit card companies and the last thing they want is for you to be able to
repair or restore your credit. They'll even take your money and get some of the negative credit
items removed for you but in 3 or 4 months or less they all get put back on.
They Don't Want You To Know How To Fix Your Credit. The lower your credit score is the more
money the credit bureaus customers make off of you.
Before you get too discouraged I have some GOOD NEWS for you.
There is a way to get ALL BAD CREDIT items REMOVED from all of your credit reports. Not only
that but there is a company that will do all of the work for you. The Credit Bureaus have removed
every single negative credit item that they have asked them to remove. To date, my research has
found that they have helped over 155,000 individuals get more than 5 MILLION negative credit
items removed from their credit reports. This company has access to the patented legal dispute
system mentioned above. Nobody else does. That is how they were able to get 100% of the items
that they requested the credit bureaus remove get removed!
If you are fed up reading through all of the search results for your search on how to fix your credit
then check out the other articles I have written. I think that you will find the solution that you are
looking for.
Thomas is head of the legal research department for Debt Elimination Tools - LLC which is the #1
Source of Legal Tools & Resources for helping Consumers deal with Debt Collectors, Getting
Lawsuits Dismissed, Clearing Away Debt & Restoring Credit to 740+. Â
http://www.DebtEliminationTools.com is a repository of the most up-to-date Research Materials
consisting of:
* Letters successfully used by Consumers to Stop Collection Harassment & To Get Debt Charged-
Off
* Copies of actual pleadings successfully used by Consumers to get lawsuits dismissed
* Copies of actual pleadings successfully used by Consumers to get Default Judgments dismissed
* Templates for Court filings and Court Rules for all states
* Up-to-date case law with explanations on how you can use it to help you deal with Debt
Collectors, Consumer Debt Lawsuits, and restoration of your credit.
* Also, up-to-date case law with explanations on how you can use it to help you win lawsuits,
overturn judgments and/or restore your credit
* We also purchase and review all of the various "Debt Elimination" programs and or debt
discussion boards found on the Internet and find out if they are working for people and or tell you
why we believe they are a waste of your time and money
* We originally started collecting these resources in 2003 and today are considered the number
one source for research and support for Consumers facing overwhelming debt related issues.
To LEARN How To Fix Your Credit and more about the DIRTY LITTLE SECRET THE CREDIT
BUREAUS DON'T WANT YOU TO KNOW ABOUT - you should access the FREE GUIDE titled:
How To Get All Negatives Removed From Your Credit Report.
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