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Credit Repair?*

Hello to you all, If you are in the credit repair business can you please tell me a little bit about your experiences with this business, How much money do you make . And if you know of some really good course of software pertaining to credit repair please tell me about it. Thank you in advance!!!

Answers:

1) I have been a credit analyst for many years and I have not seen one of these credit repair companies do anything that is the right of the consumer to do themselves for free. I have provided you with 3 websites below for the 3 major bureaus that it is your right under the Fair Credit Reporting Act. Please also review the reviews done by the Federal Trade Commission on these types of services. Hope they help

2) I have been to "many" different credit repair sites on the web. Some were pretty good and some were pretty bad. I refuse to use a websitemy rights and using them.Don't pay for information that you can find for free.

3) If you are just starting credit repair, you must start with the basics. This is a very simple break down of the steps you need to take in the beginning. 1. Order reports directly from ALL 3 CRAs - If you cannot afford to purchase them you can get your free annual report. *Please keep in mind that disputing with a free annual report gives the CRA more time (45 days). It is not wise to dispute with these because it will lessen your chance for a deletion. How to read your credit report................ http://www.truecredit.com/help/learnCenter/reportguide/creditReportGuide.jsp?cb=TransUnion&popup=true#PersonalInfo 2. Opt out When you examine your own credit file that is considered a soft pull. If someone else does a soft pull, it only contains your "credit header" information; name, address, SSN, DOB, Employer, Previous Addresses. Financial transactions and account information is excluded. A soft pull is often done to verify identity or for promotional offers. Anyone with "persmissible purpose" can run a soft pull; if you apply for credit, have an existing account or financial relationship with an individual or business. If you don't want your information shared for promotional offiers, you must opt out. 1-888-5-OPT-OUT (1-888-567-8688) 3. Update/Delete any personal info with the CRAs *Have as much as possible removed. It would be ideal to only have your current address. No variations of name, addresses or socials. No need for employment information or phone numbers. It is not necessary. 4. Wait until 2 & 3 take effect (give opting out about a week) and READ in the meantime. *Read up on your state laws, the FCRA, FDCPA and the FCBA 5. Triage your reports. *Go to http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml and find out the SOL for your state. Figure out which accts are out of SOL and start with those. You determine if the acct is out of SOL by the DOFD (date of first delinquency). Please be aware that disputing any accts that are still within SOL could possibly wake up a sleeping giant and you can be sued. So proceed with caution and make sure you understand what you are doing first. 6. Dispute with CRAs *You can do a blanket dispute (dispute everything). Some have luck with this. OR just dispute 3-4 at a time. Whatever you decide, you must wait until the investigation is over before disputing any more (30+5 days for regular report disputes/45+5 days for disputing with the free reports) 7. Now you WAIT..........and READ. for more help go to www.chexvictims.com

4) To select a credit repair service requires a lot of homework from your side. Any wrong move and you could find yourself in trouble. To the extent that you may even be fined or imprisoned for a certain period. Which is why, you must ensure the following points before choosing a credit repair service.

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