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Even the least strict mortgage loans now require a minimum 620 Fico Score. |
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FREE Credit Consultation 888.866.1899 |
Deleting bad credit is not as difficult as it sounds
In fact the truth is you can do it for yourself, but unless you know who to contact or
exactly what to say to them, you probably won't get very good results.
You see, in order to put something on your credit report your creditors must follow a
law called the Fair Credit Reporting Act (F.C.R.A.). This law was passed in 1977 to
protect your rights and make sure that all the information that is being reported to the credit bureaus about you is accurate and verifiable. If the creditors (G.M.A.C. or Macys for example) do not follow this law when they report negative information about you, they could be liable for a major lawsuit.
What we do is challenge these creditors to prove that they followed the law
(F.C.R.A.) and protected your rights when reporting negative information about you.
If they did not follow this law correctly (most of the time they don't) then they must
delete the negative items or face a lawsuit. None of these companies want to go to
court because they know they are not reporting the information correctly. It doesn't
cost them anything to delete these items off your credit report but it could cost them thousands of dollars in court fees if they don't.
Whether or not you really missed a payment on your loan, filed Bankruptcy, or had a Civil Judgment put on your credit isn't an issue.
What matters to the credit bureaus and to us is whether or not the information was
reported according to the Fair Credit Reporting Act. If it wasn't reported correctly then it must be removed, period. Every time an action is performed on your behalf, you will receive notification by email describing the steps taken. We want you to be a part of this process. It is your credit profile we are trying to improve so it is important you are aware of how to manage your accounts in order to achieve the best possible credit score.
Our system and procedures specifically request that the Credit Bureaus comply with
the Fair Credit Reporting Act (FCRA) as well as others. A consumer has the right to full disclosure of the documentation being used to determine the validity of those accounts listed on his/her reports.
We will not knowingly do anything that violates the law as it is written. We comply with all federal and state laws governing the Credit Services Organization Act. |
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