Credit Problems? At the beginning and end of each page I have some information of credit issues you should read. The first one, below, deals with the "reality" of a bad debt, and what in "reality" a creditor will do, despite what they threaten !!!
Excerpt from Give Yourself
Credit
Creditor Direct Strategies
The following is a small
excerpt of the creditor direct strategies chapter. Download the Full Kit
and learn more about this proven method of restoring your credit.
If you are
serious about restoring your credit, creditor-direct work should
commence as soon as you see your first set of credit reports.
Creditor-direct requires a lot of time and street smarts. You
will be dealing with savvy negotiators in powerful corporations.
You will often be discouraged, denied, and blamed, but you must
not be intimidated. Remember, if you make the same request enough
times within any corporation, you will eventually get what you
want.
Settling Your Debts Many times we
have been asked, "Can I just delete the negative listing without
paying the debt?" In most cases, the question comes from someone
attempting to dishonestly escape a financial obligation. While it
is true that negative debt listings can be deleted from the credit
report - even while the debt remains unpaid - it is also true
that these listings stand a good chance of reappearing on the
credit file sooner or later. There is a better alternative
than attempting to escape the debt.
You can
create a true win-win situation by settling the debt with the
creditor. It is our experience that the average consumer
settles a debt for about 75 cents on the dollar. It is also our
experience that a professional negotiator will settle an average
debt for about 60 cents on the dollar, including their fee.
There is rarely a good reason to attempt your own debt
settlement. Creditors will not take you half as seriously as
they will take your attorney. Handled properly, you will save time
and money by seeking a good attorney or service to negotiate with your
creditors.
Understanding the
True Risks and Realities of Overdue Debts Most
consumers overestimate the risk involved with overdue debts.
They worry about
possible repercussions such as wage garnishment and property
seizure by their creditors. When the debt relates to a secured
property, such as an automobile or a home, the possibility of
repossession is serious, but unsecured debts, such as
credit cards and deficiencies are much less pressing.
In fact,
very few creditors will push all the way to a garnishment on a
relatively small unsecured debt. Garnishment and seizure are a
creditor's most terrifying weapons used to collect past due debt,
but they are expensive and time-consuming. Even if the creditor
went all the way to recover the debt, they probably wouldn't be
able to recover enough to offset their collection costs. There is
little risk of a creditor taking an unsecured debt past simple
collections.
It is important
to remember, however, that the creditor would be in his
rights to get a garnishment and seize property, even for a small
debt. There is some risk of financial reprisals when a debt
goes unpaid. Many consumers fold under the perceived strain
of unpaid debts. Hundreds of bankruptcies take place in the United
States each week for amounts under $5000.
These consumers
are so intimidated by their creditors, that they flee to
bankruptcy, even though bankruptcy can bring total financial
devastation for at least the next ten years. If these same
consumers had simply waited, and ignored the threatening letters
and telephone calls, they would have realized that their creditors
were all bark and no bite. Bankruptcy is the best option for a few
consumers, but it is much over-used. And, when a consumer files
for bankruptcy, everyone loses - especially the creditors.
The risks
of judgments, garnishments, and property seizures must be properly
balanced against the likelihood that such drastic collection
measures will ever happen. The risks, and the decision to take
that risk, are entirely yours if you're in such a position.
Which Debts Can Be Settled? An unsecured
debt is a debt where there is no collateral. Unsecured debts
include medical bills, credit cards, department store cards,
personal loans, collection accounts, student loans, amounts
remaining after foreclosure or repossession, and bounced checks.
Most unsecured debts can be settled. But, utility companies
generally won't settle for less than the full balance. There are
some few creditors, who will never compromise, but most will take
a less-than-full payment as settlement in full to close a
troublesome account.
Secured,
collateralized debts, such as a home or automobile, are another
story. If the creditor can simply repossess the property, why
should he negotiate? You can often renegotiate a short payment
relief with a secured debt, but don't attempt to settle the
account while you still possess the property.
Also, the
creditor must have a good reason to want to settle. If the account
is paid current, and there is no recent history of late payment,
it will be difficult to convince the creditor that it is in their
best interest to settle. This should not be read as a
recommendation that you stop paying your current bills. If you
stop paying your current bills, you will almost certainly make
your credit situation worse. Perhaps bad credit is not an issue
for you at this point and you feel you must stop paying your bills
in order to settle them and get back on top of your debt load. If
this is the case, you make such a decision at your own risk.
Order the Full Kit and
Learn
Proven
methods of getting the upper hand when disputing with your
Creditors.
Learn to use settlements to restore your credit.
How to phase your approach.
A proven template letter to send to your creditors that gets
great results.
The Credit Bureaus can't stand them , bill collectors despise them , but their clients LOVE them. They must be doing something right.
Lexington is a law firm specializing in credit repair. They have helped over 80,000 Americans repair their credit by removing inaccurate, misleading, or unverifiable items from their credit reports. From bankruptcies to charge-offs to tax liens, we have challenged virtually every credit problem under the sun.
They’re good at what they do because they believe in their work, because they enjoy what they do and they're committed to their clients. And that means they get you results you can count on, results that can literally turn your life around.
Their service is engineered from the ground up with credit repair in mind. As a client you will find that they leverage their entire arsenal of credit repair experience and powerful strategies on your behalf.
No-compromise credit repair is what they offer. The results are nothing short of amazing. But don’t just take our word for it — take a look at their statistics. They feel they speak for themselves.
Warranty
Lexington Law Firm puts their "money where their mouth is" .
Their service is backed by a warranty which entitles you to some or all of your money back if enough disputed items are not deleted. Put simply, they don’t believe you should have to pay for ineffective service.
Order Your 3 Bureau Credit Report Online, by Mail or Fax. Receive Online or by Mail. Information reported by Experian , Equifax & Trans Union
all in one easy-to-read report.
The Federal Trade Commission strongly urges consumers to monitor their information at all three national credit bureaus at least once a year.
Your Credit Report Package Will Include:
Your 3 bureau merged credit profile
Your creditors' addresses, along with a detailed comparison of your information from all 3 credit bureaus
Information on your rights
Toll-free customer support for disputes and understanding your report
Visit Here.
Do-it-yourself bankruptcy kit. This kit is for people who have determined that they need a fresh start. It contains all of the forms needed to file, step-by-step instructions, as well as a list of each state's exemption policy. If you are considering bankruptcy, this kit will save you money! Lawyers typically charge over $1,000 to help you file. Their kit will show you how to easily file on your own for under $200, and how you can pay it in installments.
Do-it-Yourself Bankruptcy Kit. Click Here.
Not only do they help with loans for credit-challenged individuals, but they also help with repairing your credit. And, this does NOT involve the current scam floating around the internet where you are told to apply for a new Social Security Number or EIN. That method is completely illegal. Members of their website are given online access to a very unique and exclusive credit repair kit. It is nothing like any credit repair kit you've ever seen. It contains completely legal methods that WILL show you how to remove negative marks from your credit report, even if they are true. Their credit repair kit will show you how to remove charge-offs, bankruptcies, judgements, etc. You will learn the latest, closely-guarded methods that attorneys are using every day. These methods will also help to increase your FICO score, which is the score lenders use to evaluate your creditworthiness.
Erase Bad Credit from your Credit Report. Click Here!
The Credit Bureaus can't stand them , bill collectors despise them , but their clients LOVE them. They must be doing something right.
Lexington is a law firm specializing in credit repair. They have helped over 80,000 Americans repair their credit by removing inaccurate, misleading, or unverifiable items from their credit reports. From bankruptcies to charge-offs to tax liens, we have challenged virtually every credit problem under the sun.
They’re good at what they do because they believe in their work, because they enjoy what they do and they're committed to their clients. And that means they get you results you can count on, results that can literally turn your life around.
Their service is engineered from the ground up with credit repair in mind. As a client you will find that they leverage their entire arsenal of credit repair experience and powerful strategies on your behalf.
No-compromise credit repair is what they offer. The results are nothing short of amazing. But don’t just take our word for it — take a look at their statistics. They feel they speak for themselves.
Warranty
Lexington Law Firm puts their "money where their mouth is" .
Their service is backed by a warranty which entitles you to some or all of your money back if enough disputed items are not deleted. Put simply, they don’t believe you should have to pay for ineffective service.
Understanding the Law and Knowing your Rights.
Fully understand your rights under the Fair Credit Reporting act.
Discover the Laws the Credit Agencies don't want you to know about.
How to use these laws to the fullest extent.
Your FICO Score
What it means. How it works. Why it is different from your credit score.
What type of score looks good to what type of creditors.
How to increase your score.
How to Read your Credit Reports
Make sense of the codes the credit agencies use.
How these codes determine your level of credit.
The truth about the 100 word statement.
How to Negotiate Directly with your Creditors
Not getting anywhere with the Credit Agencies? Try the creditor directly.
Getting the upper hand with your creditors.
Proven negotiation tactics (don't be intimidated)
How to phase your approach. (working from the top - down)
Letter template you can use to contact your creditors directly and get fast results.
Settling your debts with creditors
What debts can be settled easily.
Using settlements to restore your credit.
The Best Disputing Methods
Proven tips that get fast results.
What to do and what not to do.
What inaccuracies to look for.
Getting past the credit agency checker.
Dispute letter templates.
How to handle rejections.
Follow up methods. (forth quarter strategies) Very Important!!!
How to Reestablish your Credit.
Little known methods to build back great credit fast.
Keeping your credit in prime condition.
How to remove inquiries.
Keeping Track of your Progress
Tracking tools and information
Credit Restoration Organization Form
This form allow you to easily keep track of your progress. Use it to track your request, disputes, follow ups, etc...
Important Website Links
Federal Trade Commission
Reports and Studies
Court cases and conclusions
Valuable Information
Important contact information for
Credit Agencies
FTC Local offices by state
Credit Companies
More
Companion Website Updates
Link to website containing updates and changes so your always up to date with the newest information.
Free updates for 1 year
When you purchase our Credit Repair Kit, you don't just get a download and that's it. We are constantly monitoring the laws and practices related to consumer credit. We edit our kit to reflect these changes. By purchasing the Give yourself Credit Kit you become a member of Creditrepair.com. As a member, you will receive a free updated guide any time major changes are made to the kit for one full year after you download the kit.
* On average they make a major update to the kit every 6 months.
Performance Guarantee 90 days
Our guarantee is very simple. If you apply the techniques and follow the instructions detailed in this kit and do not see satisfactory results within 90 days of sending off your first round of disputes, we will refund 100% of your money. It sometime takes 2 full dispute cycles to see adequate results. Each dispute cycle takes about 30 to 45 days to complete. Thus our guarantee covers the your first two dispute cycles from which you should
see the majority of results.
The Difference In Our Credit Repair Kit
Our kit was written by professionals who have been using the exact strategies and techniques detailed in the kit to remove negative items from their clients reports for the last 10 years.
Many kits are nothing but a collection of form letters. Using form letters can delay or even damage your credit. Agencies can spot them right away and will often dismiss your dispute or even suspend your case. Our kit details exactly how to write your own dispute letter and convey the necessary information.
Creditor Direct Strategies. This method of credit repair is unique to our kit. Negotiating with your creditors directly can result in quick removal of negative information. No other kit we know of covers this method.
Up to date, relevant content. Many kits sold on the internet are so out dated that they still refer to TRW as one of the agencies. You can be assured that our kit contains up to date information.
Credit Repair Kit
As the credit bureaus computerized their processes and
greatly expanded their reach and influence in the late 1960s and early
1970s, consumer complaints began to pile up at the FTC and state attorney
generals' offices. The credit reporting agencies quickly became huge
bureaucracies second only in size to the federal government. Yet, the
credit bureaus expressly served only the needs of their clients,
the credit grantors.
Many consumers were negatively effected by the
credit bureaus, but they had no way to correct or change their credit
information. The American consumer lay completely at the mercy of the
credit bureaus. The United States Congress enacted the Fair Credit
Reporting Act (FCRA) in 1971 to insure that the credit bureaus investigate
the credit items disputed by consumers. This federal law set procedural
guidelines which gave the consumer the right to challenge the accuracy,
validity, and verifiability of the credit listings appearing in their
consumer credit report. It also required that the credit bureau repair any
credit listing if it was inaccurate or could not be verified.
In theory, the FCRA charges the credit bureaus with
responsibility to the consumer as well as the credit grantor. In reality,
the credit bureaus resist, resent, and reject consumer disputes. The
credit bureaus would rather be left alone to make a profit. And, each time
a consumer challenges his credit, profit is lost.
The credit bureaus first defend their profits by
erecting walls of stall tactics, including requests for more information,
further clarification, and additional identification. The vast majority of
consumers give up before they even receive copies of their credit reports.
If a consumer manages to get a credit report, decipher the codified
information, write a coherent dispute, and mail it, the bureaus may still
find some reason to disregard the challenge. The entire dispute system is
designed to frustrate and discourage the consumer.
Many consumers have the idea that the credit bureaus
must complete their investigation within thirty days or be forced to
remove all disputed information. They threaten to sue the credit bureaus
if they don't conclude their investigation in time and repair their
credit. In practice, such thinking is delusional. Nobody forces the credit
bureaus to do anything.
However, if you manage to submit a valid dispute
letter, and the credit bureau investigates your dispute, the chances of
success are good - whether or not the negative listings are accurate!
Accuracy actually has little to do with the deletion of negative items.
If a credit bureau cannot verify an item before
completing its investigation, that item will be removed. Many creditor
grantors are simply reluctant to take the time to verify the data. While
the credit bureaus may be in the business of reporting credit histories,
creditor grantors are not.
Many "credit repair" companies claim to remove negative
credit with the flick of a wrist. Their advertisements make bold
assertions and money back guarantees; "Bankruptcy, tax liens, judgments, .
. . no problem!! One hundred percent guaranteed!! Credit report 100%
cleared in 30 days!!" Can they really make such sweeping guarantees?
While some credit repair companies are outright
frauds, others are not frauds and they use the dispute process to obtain
impressive results. In fact, they delete thousands of negative credit
listings every day - regardless of whether or not the listings are
technically accurate. In truth, credit repair fraud is less common today
then five years ago. Vigorous regulatory sweeps by state and federal
regulators have cleared away most of the illegitimate (and some of the
legitimate) credit repair companies.
Unfortunately, it's risky to trust anyone to help
you repair your credit. It is estimated that credit repair companies have
bilked Americans out of more than fifty million dollars. The majority of
credit repair companies were started by entrepreneurs with a penchant for
marketing. Consumers have flocked to these "credit doctors" only to
discover that their advertisements proved far more impressive than their
results. Hiring a credit repair company is like playing Russian roulette.
Many of them are effective and legitimate, but it is difficult to tell a
rip-off from the real article.
Working within the credit bureau maze requires
substantial background knowledge; knowledge it takes credit repair
companies years to learn. In fact, U.S. District Court Judge J. Wexler
entered the following legal opinion in the Federal Supplement. "Since
allowing third parties to assist consumers will likely lead to the
expedited correction of credit reports, it will further the purposes of
the [Fair Credit Reporting] Acts."
So, can credit repair companies really guarantee
results?
Not a chance! No credit repair company is so good
that it can guarantee a specific outcome. It would be like a defense
lawyer guaranteeing that the jury will find his client innocent.
Guarantees are a sure sign of credit repair fraud. A warranty, where the
credit repair company promises a refund if certain results don't occur, is
a better, more realistic claim.
Not surprisingly, the credit bureaus have declared
war against the credit repair companies and those selling instruction on
how to do-it-yourself. The bureaus lambaste credit repair companies in the
media and send anti-credit repair literature to anyone whom they suspect
of using credit repair services. The bureaus unflinchingly deny that
accurate information can be removed from a credit report.
Some time ago, a couple in the Northwestern United
States, who were using the services of a legitimate credit repair company,
received a scathing letter of reproach from their local credit bureau. The
letter chastened them for relying on the "unethical" methods of credit
repair, and pointed out how all their efforts had come to nothing. "As you
can see," the letter chastened , "your credit reports remain unchanged."
The couple was bewildered because almost all of their many negative credit
listings, including a bankruptcy, had long since been deleted.
The simple truth is that you don't have to endure
bad credit for seven to ten years. It is possible to repair your credit
within a much shorter time.
However you decide to address your credit
challenges, realize that regardless of what you may hear in the news
media, thousands before you have sought help and repaired their credit.
They can show you their homes, cars, and credit cards. Despite the
newspaper articles, TV reports, and other credit bureau propaganda to the
contrary, you can repair your credit.
On this issue, there is much confusion. Almost every
so-called credit repair expert has a different opinion regarding the
actual credit reporting period allowed by law.
Most negative listings may be kept on your credit
report for a period of 7 years beginning on the date that you were last
reported late before they repair themselves. This means that if you were
late every month from March to August of 1995, that your date of last
activity would be on August of 1995. In this case, the item would be due
to repair itself on August of 2002. You don't have to live with 7 years of
Bad Credit. Download "Give Yourself Credit" Today
There are several exceptions to the seven year rule.
Bankruptcies may be reported for 10 years from the date that the
bankruptcy was discharged. Liens and judgments may be reported for seven
years or until the statute of limitations in that state (usually between
seven and ten years) runs out, whichever is longer. However, credit
bureaus usually keep these listings on the report for the seven year
period regardless of the local statute of limitations, unless you repair
them first.
The other interesting exception is in the case of a
negative listing that has been sent to collections or has been charged
off. The seven year limit begins 180 days after the last late payment
before the account was charged off or sent to collections. In other words,
if you didn't pay a certain bill from January to March, and the creditor
sent the account to collections in June, then the negative listing could
remain on your report for 7 and 1/2 years from that last payment in March
unless you repair your credit first.
Under the
most recent version of the Fair Credit Reporting Act, the credit bureaus
must complete a reinvestigation within 30 days of receiving a dispute
letter from the consumer.
However, the credit bureau still has the right to
consider a dispute letter "frivolous and irrelevant" at their own
discretion, if they feel that someone is attempting credit repair. While
the credit bureaus are careful not to overuse this privilege, they may
deem virtually any dispute frivolous or irrelevant without having to
justify their decision or point to credit repair methods. Learn how to get
the credit repair companies to take positive action on your dispute.
Download "Give Yourself Credit"
While the credit bureau is required to complete
their reinvestigation in 30 days or less, the consumer has little recourse
against them if they don't. Many consumers assume that the credit bureau
must repair all disputed credit if the investigation isn't completed
within the required time. This is not the case. The credit bureau may take
as long as it likes to repair the credit. The only real recourse a
consumer might have would be to gather a class-action lawsuit to penalize
the bureau for taking too long. At Trans Union, for example, it is common
practice to receive the credit repair dispute letter, take a week or two
to process it, then send the consumer a letter saying that the
reinvestigation will begin on the date that the credit repair dispute was
finally processed. This often gives them a total of six weeks from the
date of receipt of the dispute to complete the reinvestigation.
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