Credit Repair Solutions. By: Seewing Yee Certified FICO Professional (510) 552-0726 Email: [email protected] www.integratedfinancialsolutions.com. A little background. Have been doing in credit repair since 1991
directly, or indirectly through a reseller, of such dispute, the agency shall,
Very important concept!
A. They are Experian, Equifax and Trans Union and they are for-profit multi-million dollar corporations
These companies depends on the credit bureaus in order to make decisions on their customers
FICO Score range from 350-850
As a consumer, your credit worthiness is based on the above scores
From most severe to least severe:
Unpaid Charge-offs agencies?
Question: How soon can a derog account be disputed and deleted?
Answer: It depends.
Question: So, after the 24 months have lapsed and I start to dispute the foreclosure trade line, when can I expect the item to be deleted?
Answer: Depends. Sometimes, after 30 days dispute investigation, the credit bureau are unable to verify the dispute IAW Sec 611 FCRA, the disputed item in question must be deleted.
Question: What types of derogs whereby I do not have to wait to dispute?
Question: wait to dispute?What if the charge off or collections is $1,000.00 or more?
Answer: There is a small chance the derog can be deleted after several dispute investigations. But more likely, based on the high balance still due, not only the dispute may come back verified after 30 days, but it will probably trigger a aggressive response from the original creditor or the collection agency to come after you!
Question: wait to dispute?Once I paid off the debt, they will delete the account?
Answer: No. The credit bureaus will just merely update the derog to show paid charge-off or paid collection, still a derog account.
Question: wait to dispute?So what then?
Answer: Once it show paid charge-off or collection, go through the bureau and dispute the paid derog account and the chances are the derog can be deleted after several disputes because the creditor already received their money and will not bother to investigate the account in dispute.
Question wait to dispute?: Can a defaulted student loan be removed?
Answer: No. Once you have paid them it will be updated to -0- balance paid account but still a derog. Then you can pursue several dispute investigations to affect the ultimate removal of the paid defaulted accounts.
The foundation behind successful credit cleaning is based on the premise that a derog account is so old that the creditor and the credit bureaus does not have the ability to verify the dispute in question.
Question: How long does it take to clean my credit? on the premise that a derog account is so old that the creditor and the credit bureaus does not have the ability to verify the dispute in question.
Answer: It depends.
A: Depends on..
A: Not really. Perhaps negotiation or legal dispute methods
Answer: According to the current Fannie Mae conventions lending guidelines for homeowners, five (5) years from the date the foreclosure sale was completed. Exception is three (3) years if the borrower has “extenuating circumstances” that led to the foreclosure. Examples are divorce, medical conditions, and job loss
record or collection filed