Yesterday you got some
basic definitions about your credit, what
it means to you, and why it's important. If you didn't receive
yesterday's mailing "credit
repair day 1" click here.
Today ~~NAME~~, you are going to
discover whether you want to go
the do it yourself route or the hire a company route. There
are
pitfalls and advantages to each.
The Federal Trade
Commission recommends a do it yourself
approach. Click
here for their take. Repair
Company Regulations
The case for do it yourself
is simple: you have control, you
dispute, you know what is going on and you can track the
results of your credit repair campaign. And yes it is a
campaign and that is the mindset you want to have.
The main drawbacks are the
time it takes, the learning curve,
and the potential frustrations when the credit bureaus move
slower than you'd like (though the last one exists with repair
companies too).
The case for hiring a
company is simple: none of your time
invested, no learning curve on how to dispute credit item
(time spent researching and finding good company to use), and
feeling like you are in professional hands.
The main drawbacks are the
MONEY upfront and potentially monthly
fees, the complete lack of control, no updating and minimal
communication on the progress of yoru campaign
Reading your credit report can seem
like reading Greek. The
basic negative entries to concern yourself with ~~NAME~~, are
judgments, foreclosure, late pays, charge offs, bankruptcy,
repossession. There are probably others but these are the main
ones.
Focus on these to maximize the use of your time.
Also, on you can decide which path
is right for you. This will
be based on your finances and time crunch situation in your life.
The best course for do it yourself credit repair is here.
I am currently doing research on
credit repair companies to
separate the wheat from the chaff before making recommendations
to you.
I recommend at least at the start
to do it yourself. This will
give you knowledge and insight about the process so you can
evaluate whether a credit repair service is right for you.
Sincerely,
Alexander Alaric
The Credit Repair Mastery Guy
creditrepairmastery.com
~~NAME~~, Day 3 of Immediate Better Credit
Date
Your Name
Your Address
Your City, State, Zip Code
Complaint Department
Name of Company
Address
City, State, Zip Code
Dear Sir or Madam:
I am writing to dispute the following information in my file.
The
items I dispute
also are encircled on the attached copy of the report I
received.
This item (identify item(s) disputed by name of source, such
as
creditors or tax
court, and identify type of item, such as credit
account, judgment, etc.) is (inaccurate
or incomplete) because
(describe what is inaccurate or incomplete and why). I am
requesting
that the item be deleted (or request another specific change) to
correct the
information.
Enclosed are copies of (use this sentence if applicable and
describe
any enclosed
documentation, such as payment records, court documents)
supporting my position.
Please investigate this (these) matter(s) and
(delete or correct) the disputed item(s) as
soon as possible.
Sincerely,
Your name
Enclosures: (List what you are enclosing)
Obviously, this is very basic but it gets the point across of what you want to accomplish.
~~NAME~~, you want to be quick, to the point and precise when
dealing with the
credit bureaus. Imagine the customer service reps day.
Jill is sitting there in her cube
with her headset on all day held hostage and forced to listen to an
endless line of
people calling her and yelling at her about the mistakes on their
credit report.
She didn't put them there nor is she the enemy. So
treat Jill with respect. As a matter
negotiation the likability factor is huge. Besides, who do
you think she is going to help
as a priority, you who respectfully but firmly demanded attention or
Jim in Alabama
who is yelling and cussing her out?
I hope the answer is obvious to you. Make sure to
get Jill's direct fax line so you can
personalize and send your dispute letter directly to her. The
more personal and less
like a number you make her feel the more likley you are to get the
attention and results
you want.
(Sidebar, it is like that with anything in life.
Humans hate feeling like numbers so call
people by their name. You know what the sweetest sounding
word is in the English
language....the sound of your own name! So use that.)
For the proven time-tested system including letters go here now.
Your Credit Score Raiser,
Alexander Alaric| You are on the home stretch now. 1 more day
to go in
this action packed 5 day credit secrets course. If you missed
yesterday's lesson "credit repair day 3" click here. Today will be short and sweet. You are going to be following up with the bureaus to insure they got your letter and the process is under way. You want to call the SAME REP you talked to yesterday. If they refuse, insist, and if they still refuse then make sure the rep you are talking to gives you the satisfaction of your inquiry and confirms they received your dispute letters and the process is under way. There are 2 laws that will have great impact on your credit repair pursuits. The Fair Debt Collection Practices Act and the Fair Credit Reporting Act. These 2 acts give you all your power and protect your rights. Click on those links for more info on them. The main point of these 2 acts regard how your creditors can report info about you to the bureaus, how that info can be used by creditors when they are considering lending you money, and how they can attempt to collect debts from you when things go bad. There are certain rules they have to follow, procedures and means of contact they can use to collect and report debts. When they violate these, you document them, and prosecute they are subject to fines. As a practical matter there are never fines because you and I never have the time to prosecute them. We are too busy with our own lives to take time out for this. However, the mere threat of fines is a major tool in your toolchest. It is like a giant knife you can wield for awesome and devastating results. Just the threat of being stabbed and the wound it causes (the fine enforced against them) is more than enough motivation for them to give you the satisfaction you are after. Any negative entry you dispute the bureau has 30 days to investigate and resolve. This is huge power for you. That means you send in a dispute letter, they receive it, send it out to the original creditor who then has to back up the validity of the negative entry and provide documentation to confirm it. Many times the original creditor never responds because they don't have the manpower nor is it profitable for them to do so with thousands of claims. Use this fact to your advantage. Even when they do respond just dispute it again next month. Continue this process until they get tired of responding and it drops off. Many have had success using this method. The main thing to remember is this: you have lots of power and just need to discover how to best use it. This 5 day course has you well on your way. So take the next step and get the complete system by clicking the link below. Do that right now because you deserve great credit and low monthly payments as well as access to the money and never having to worry about your job status again. For the complete super fast system that guarantees results go here now. Your Credit Score Raiser, Alexander AlaricThe Credit Repair Mastery Guy creditrepairmastery.com |
| ~~NAME~~, Day 5 Tactics, You've reached the final day of the mini course and are well on your way to achieving better credit. You've taken the actionable steps haven't you. Haven't you? The only way to get better credit is to dispute and follow-up. It doesn't get better on its own. Ok, if you are willing to wait 7-10 years then most negative entries will drop off. I am sure you will agree that is way too long to wait. We are in a world now where ATTENTION is the most valuable commodity we have. It is realted to time. So I want to respect your time and give you only the most actionable steps and best systems you can use to get results today. What does bad credit cost you? Click here for the gruesome details. The difference in wealth of good vs bad credit is extreme. Gets your good credit now. One bright light is you don't have to pay debt collectors ever. Once it gets to this stage it has been "charged off". That is a banker term where the accounting department eliminates the bad debt from the books by selling it to a debt collector and taking the tax deduction. Wouldn't it be nice if we could double dip like they do. We won't even go into the legality of what banks are doing or whether their charter gives them the legal ability to lend credit (it doesn't). Here's the process a past due account goes through: When a debt is past due, 1st they send it to their internal collection department. Manny in accounts calls and harasses you to attempt to collect payment. He taps a few keys and a letter campaign is auto generated and sent to you. After about 60 days working your file (Manny starts it when you are 14-30 days late), he gives up. Then it goes to Jill in recovery department. She then sells the bad account to a 3rd party debt collector and "charges off" the account. So the bank gets money on the sale of the 90 day late account of 50-75% of account balance. Then they deduct 33%-38.6% off their taxes. So the bank has gotten their money. Keys to my dream home. Now you have to deal with Guido the knee cracking debt collector. Guido raises the harassment level by phone, mail and fax (if you have a fax #) to an UNDESIRABLE LEVEL. You don't have to respond to or pay Guido!! Answer the phone 1 time and tell him "I don't do business over the phone. Any communication with me is to be done in writing." Then abruptly hang up. Any future calls he makes opens him up to potential fines under the Fair Debt Collection Practices Act. You never have to pay a charged off account. You can dispute it until it is removed. This is the dirty little secret the debt collectors are terrified you'll discover. If you choose to negotiate your old debt do so with your original creditor because your contract was with them not the 3rd party. Obviously, in a 5 day mini course I can give you actionable steps to take but true credit repair is a more comprehensive process and beyond the scope of this mini course. I urge you to begin the process and see what results you get. For the complete super fast system that guarantees results go here now. Your Credit Score Raiser, Alexander AlaricThe Credit Repair Mastery Guy creditrepairmastery.com 12901 N IH 35 Ste 1320 #112 Austin TX 78753 |
| Hi ~~NAME~~, Simple Tactics, Many people who read at a 7th GRADE LEVEL have been very successful in raising their credit scores by this much in such a short and compact timeframe. People at only a 7th grade level have and are raising their credit scores right now as we speak. That's how easy the process is. The catch is that it takes effort, follow-up and following a system. You must implement any useful info to get results…or pay someone to implement it for you. So do it yourself repair or hire a service? That is really a personal decision. First, let's talk about what bad credit does to you. Your poor credit actually costs you more to live because it forces you to pay higher deposits on everything like: " Higher apartment deposit " Higher cable, electrical, and water deposit " Higher interest on homes and vehicles (hundreds of thousands) " Higher health and auto insurance premiums There is time tested and proven information that big businesses would beg and plead that you not read…and they have good reason because they are milking GARGANTUAN profits off of charging you high interest. Ever wonder why you with such poor credit get SO MANY credit offers? Now you know why because the banks are targeting you so they can fluff their own profits. That's why I'm introducing you to the practically overnight bad credit eraser. So how can you get results practically overnight. You do these 4 things: 1. request your report from each of the 3 bureaus separately 2. get the direct customer service phone number off each report 3. call them and get that representatives dedicated fax number 4. fax them the dispute letter for each negative you are deleting I know they are basic and are so simple that your 7th grader or neighbor's 7th grader could easily do them. Don't let that fool you into believing they are ineffective because of their ease of use and simplicity. Often the most effective things in life are the simplest. The reason you get practically overnight results is because they have to remove the entries you dispute and put them into an "investigative conditional" status. When your original creditor fails to respond within 30 days they have to remove the item by law! That's why you need a no nonsense, jam packed, take you by the trousers, credit repair kit that will pile on the points faster than your crazy aunt millie piles on the pounds year after year. I've given you the basics but there are so many more insider tactics and tips that can get you optimal results in the shortest time possible. These are Time Tested And Proven tips and tactics that get you results. But you have to use them or pay someone else to use them. For more dead simple 7th grader could use it info visit my site below. Alexander Alaric-achieves the best credit score possible. Stops the embarrassment, the disappointed head drop from your banker, and the pain of unreachable home and car dreams. Gets Fast Credit Repair Strategies Your Credit Score Raiser, Alexander AlaricThe Credit Repair Mastery Guy creditrepairmastery.com 12901 N IH 35 Ste 1320 #112 Austin TX 78753 |