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By following these 10 tips, which worked for me and others, maybe you will get similar results. I am no credit guru, but hopefully it helps you fix your credit score. This is not some overnight fix, nor will it magically improve by the end of the week. You will need time, dedication, and organization to make this work. If nothing else happens, you will be more informed and better prepared to become a winner in the game of credit. So... let's get started!
Step 1. Opt-out!
Call this phone #... 1-888-567-8688. This keeps the Credit Reporting Agencies (CRAs) from selling marketing lists that include your information. This helps keep the surprise-collection activities (phone calls, home visits, mail) to a minimum.
a copy of your drivers license; a copy of a bill with the same name and address as your license; If your license contains your middle initial, use your middle initial and a bill that uses your middle initial and matches your address on your license.
Send these letters CERTIFIED MAIL with Signature Requested. Keep a copy of the receipt for your records. This should cost around $5 and some change per letter.
You need these dates to determine the reporting period. This sets the legal timeframe for the SOL (Staue of Limitations) expiration. The laws are differ by state. So, you need to find a source and read it ** IF this step doesn't help you.
stating you owe them something; or, received any services from them.
Let them know you need proof within 30 days of notice. Otherwise, they should report to all the credit agencies that this item should be removed. If they do not, threaten to sue them. Most likely, they will not respond. Wait 30 days after you received confirmation they got it. Send a dispute letter to the credit reporting agencies. It should come off nice and easy!
Under the Fair Debt Collections Practices Act (FDCPA), I have the right to request validation of the debt you say I owe you. I am requesting proof that I am indeed the party you are asking to pay this debt, and there is some contractual obligation which is binding on me to pay this debt. Please also be aware that a sworn affidavit from your compliance officer does not constitute a valid validation of this debt. Be advised that I am NOT requesting a "verification" that you have my mailing address, I am requesting a "validation;" that is, competent evidence that I have some contractual obligation to pay you. Please also be advised that this letter is not only a formal dispute, but a request that you cease and desist any and all telephone collection. I require compliance with the terms and conditions of this letter within 30 days, or a complete withdrawal, in writing, of any claim. In the event of noncompliance, I reserve the right to file charges and/or complaints with appropriate County, State & Federal authorities, the BBB and State Bar associations for violations of the FDCPA, FCRA, and Federal and State statutes on fraudulent extortion. I also hereby reserve my right to take private civil action against you to recover damages. Sincerely, Bob Jones DO NOT SIGN THIS LETTER!
This is Not a Data Factoring account. Please remove this. It is reported as an "Open" account, which is false. It should have a status of "Closed". Please remove this. It reports a One Month term which is false. Please correct or remove this. The Estimated date of removal for the CA does not match the date that the original creditor, reports. The Original creditor is reporting 9/2011. Please correct or remove this. The Date of First Delinquency with the Original Creditor is not provided Please provide this. The Date of First Major Delinquency with the Original Creditor is not provided Please provide this It has never been 120 days late Please remove this. It is listed as a loan. They have never provided me a loan. Please remove this.
No payment was made in 2/2007. Please remove this. It is listed as an installment account, which is false. Please remove this. The Balance is not correct. Please correct or remove this. The end of the seven year reporting period should be listed as 09/2011. Please correct or remove this..
Bob Jones
on the above referenced account that date back to January 2007. Since that time I have been an exceptional customer paying every month on time, and most times more than the payment requested. Because of my exceptional payment history over the last year, I would like you to consider removing the negative payments from my credit report. At the time of the late payments, I was affected by xxx and moved to several different cities and also changed jobs. I did not receive my statements until February 2007 and did not know of any delinquencies to your company. I say that not to justify why the payments were late, but rather to show that the late payments are not a good indicator of my actual credit worthiness. I hope that Big Leech is willing to work with me on erasing this mark from my credit reports. I have been a very happy customer in the past and hope to continue a long relationship with Big Leech. With todays credit industry so competitive, I know how important it is to maintain good relationships with customers. Big Leech has been exceptional in my book so far and I highly recommend it to all my friends and relatives. I hope that you will deeply consider my request and prove once again, why Big Leech is heads above the rest. I look forward to your reply. Sincerely, Bob Jones
Since it is unlawful under the Fair Credit Reporting Act for a person to view a consumer report without a permissible purpose I am writing this letter. I don't recall applying for credit or employment with YOUR COMPANY. From the FCRA ? 616. Civil liability for willful noncompliance [15 U.S.C. ? 1681n] "Civil liability for knowing noncompliance. Any person who obtains a consumer report from a consumer reporting agency under false pretenses or knowingly without a permissible purpose shall be liable to the consumer reporting agency for actual damages sustained by the consumer reporting agency or $1,000, whichever is greater." Also from the Fair Credit Reporting Act: ? 617. Civil liability for negligent noncompliance [15 U.S.C. ? 1681o] (a) In general. Any person who is negligent in failing to comply with any requirement imposed under this title with respect to any consumer is liable to that consumer in an amount equal to the sum of..
(1) any actual damages sustained by the consumer as a result of the failure; (2) in the case of any successful action to enforce any liability under this section, the costs of the action together with reasonable attorney's fees as determined by the court.
After you get about 2-3 cards, do not apply for any more credit for another 6 months. Make sure you are paying your bills on time and keep the utilization rate under 30% (or lower). I got a HSBC card for 300 and a Capital One card for 300 and a Macy's card for 300. After a year, my HSBC is still only 300 (Fucking hate them, bout to cancel). My Capital One is at 1000. And my Macy's is 2500. After having those cards for a year, then apply for some other ones. I got a Discover for 5000, 2 Master Cards (2800 and 3500), an Amex Blue (1500). I'm a member of the 700 club. And, I just bought my girlfriend's engagement ring (they offered my a credit limit of 9500).