Comments on: Five Myths of Credit Repair http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/ Your insider guide to credit scores and credit reports Sun, 28 Jun 2009 17:26:59 -0400 http://wordpress.org/?v=2.8 hourly 1 By: Carl http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/comment-page-1/#comment-208 Carl Thu, 04 Jun 2009 13:26:38 +0000 http://creditscoresexposed.com/blog/?p=21#comment-208 Linda- Pay down your open credit cards but do not pay collections accounts or defaulted loans just yet. Make them validate all reporting first, you'll be surprise of how often hey cannot validate anything. Actually a paid collection or charge off is not much better for your credit score than a unpaid one. If you decide to pay those make first a "pay per deletion" agreement with the creditors and collector, only if they agree in writing to delete the derogatory listing after payment is received will be worth the money. Linda- Pay down your open credit cards but do not pay collections accounts or defaulted loans just yet.

Make them validate all reporting first, you’ll be surprise of how often hey cannot validate anything.

Actually a paid collection or charge off is not much better for your credit score than a unpaid one. If you decide to pay those make first a “pay per deletion” agreement with the creditors and collector, only if they agree in writing to delete the derogatory listing after payment is received will be worth the money.

]]> By: Carl http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/comment-page-1/#comment-207 Carl Thu, 04 Jun 2009 13:21:21 +0000 http://creditscoresexposed.com/blog/?p=21#comment-207 Tina- You need to dispute the negatives with the credit bureau first and if it doesn't get deleted then with the creditors. Basically your may dispute anything related to the reporting but disputing your liability on the debt may be the best way to go on a first dispute. The burden of proof is on the furnisher, if they cannot verify and prove with hard evidence every bit of info reported the account must be deleted. See FCRA http:http://bcrconsulting.us/html/LAW/fair-credit-reporting-act.html#623a8 Carllue- That cpn number or whatever they call it now constitute fraud under US laws. If you use that scheme to get new credit and then find yourself unable to keep up with the payments the creditor will file criminal charges against you. Don't do it. The website you are promoting is against the law and it's been reported to the FTC Tina- You need to dispute the negatives with the credit bureau first and if it doesn’t get deleted then with the creditors.

Basically your may dispute anything related to the reporting but disputing your liability on the debt may be the best way to go on a first dispute. The burden of proof is on the furnisher, if they cannot verify and prove with hard evidence every bit of info reported the account must be deleted. See FCRA
http:http://bcrconsulting.us/html/LAW/fair-credit-reporting-act.html#623a8

Carllue- That cpn number or whatever they call it now constitute fraud under US laws. If you use that scheme to get new credit and then find yourself unable to keep up with the payments the creditor will file criminal charges against you. Don’t do it.

The website you are promoting is against the law and it’s been reported to the FTC

]]> By: carluew http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/comment-page-1/#comment-53 carluew Wed, 19 Nov 2008 01:36:20 +0000 http://creditscoresexposed.com/blog/?p=21#comment-53 I found something called a cpn number that will give you a new credit profile within 30 days. the website is http://www.creditmenow.info I found something called a cpn number that will
give you a new credit profile within 30 days.
the website is

http://www.creditmenow.info

]]> By: LINDA http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/comment-page-1/#comment-28 LINDA Sat, 27 Sep 2008 02:53:19 +0000 http://creditscoresexposed.com/blog/?p=21#comment-28 MY HUSBAND AND I HAVE TO RAISE OUR CREDIT SCORE ALMOST 200 POINTS TO GET US OUR LOAN AMOUNT WE WANT, WE NEED TO KNOW IF WE PAY OUR CREDIT CARDS OFF AND SOME PAST BILLS, WILL THAT BE ENOUGH TO RAISE OUR SCORE THAT MUCH? AND ALSO HOW LONG DO YOU THINK IT WOULD TAKE TO RAISE IT THAT MUCH. IT IS A RATHER HIGH NUMBER TO ACHIEVE. MY HUSBAND AND I HAVE TO RAISE OUR CREDIT SCORE ALMOST 200 POINTS TO GET US OUR LOAN AMOUNT WE WANT, WE NEED TO KNOW IF WE PAY OUR CREDIT CARDS OFF AND SOME PAST BILLS, WILL THAT BE ENOUGH TO RAISE OUR SCORE THAT MUCH? AND ALSO HOW LONG DO YOU THINK IT WOULD TAKE TO RAISE IT THAT MUCH. IT IS A RATHER HIGH NUMBER TO ACHIEVE.

]]> By: admin http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/comment-page-1/#comment-23 admin Sun, 14 Sep 2008 22:08:46 +0000 http://creditscoresexposed.com/blog/?p=21#comment-23 Tina, Simply write a letter stated you would like this item to be removed to each credit agency. You can also try calling them. However, after 7 years the negative effect of this item might be very small, so it might not be worth you time and effort. Also, depending on how much credit history you have, it might actually hurt your score because it will lower the amount of history your account has. Again, I am not sure of your exact situation, but I would recommend trying to fix recent negative items first. Tina,

Simply write a letter stated you would like this item to be removed to each credit agency. You can also try calling them. However, after 7 years the negative effect of this item might be very small, so it might not be worth you time and effort. Also, depending on how much credit history you have, it might actually hurt your score because it will lower the amount of history your account has. Again, I am not sure of your exact situation, but I would recommend trying to fix recent negative items first.

]]> By: TINA http://creditscoresexposed.com/blog/uncategorized/top-five-myths-of-credit-repair/comment-page-1/#comment-21 TINA Sun, 14 Sep 2008 22:01:27 +0000 http://creditscoresexposed.com/blog/?p=21#comment-21 The article stated that the companies and collection agency do have to remove negative items after 7 years, but it could possibly be sooner with your intervention. What will I have to do to get negative items off if they have been there for seven years? The article stated that the companies and collection agency do have to remove negative items after 7 years, but it could possibly be sooner with your intervention. What will I have to do to get negative items off if they have been there for seven years?

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