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Special Report: Truth About Do It Yourself Credit Repair


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Do It Yourself Credit Repair: A No
Brainer for People with Bad Credit?

Published in: Economy & Finance, Business
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Special Report: Truth About Do It Yourself Credit Repair

  1. 1. Copyright Notice: All rights reserved. No part of this publication may be reproduced ortransmitted in any form or by any means, electronic, or mechanical, includingphotocopying, recording, or by any information storage and retrieval system. DISCLAIMER:No One actually fully knows that structure or working of the credit scoringmodel as it is an industry secret. The author has used years of experience andexposure to the workings of the credit scoring and through observationof numerous clients credit reports and also through the congruentobservations of other credit report experts in the industry. The authorencourages reader to do their own research to validate the facts.
  2. 2. Do It Yourself Credit Repair: A No Brainer for People with Bad Credit?Special Report:Is It Really Possible To Not Only Clean Up Your Own Credit But To do It MuchMore Quickly With Better Results And With A Fraction Of Price Otherwise Paid ToCredit repair Companies? This special report investigates.This was the big question on everyone’s mind. But according the author of the Amazon Best Seller book, “How ToRaise Your Credit Scores 25-100 Points In 48 Hours, Guaranteed”, the answer is a resounding YES!In today’s economy of 2012, most people are struggling more than ever financially. Average householdincomes are down but expenses are up. It was inevitable that we would see a sharp rise in the numberof people suffering from less than perfect credit scores. But due to recent industry changes, bad creditcould be costing the consumers more than ever before! Whereas in the past it only used to be banksand lenders that applied risk based pricing on their products, now a days even insurance companies andsome utility companies will charge you more if your scores are not good. To add to the bunch, a lot ofemployers too now routinely check credit as part of back ground verification process!While the need for credit restoration is on the rise, credit repair companies are having a party. It is moreexpensive than ever to get your credit cleaned up. Most companies will practice devious means to keepthe client hooked on to their monthly subscription for years by deliberately taking a very long time ingetting the clients credit up to par. If the consumer wants to find out facts regarding credit repair on theinternet, he is faced with an ocean of all kinds of information on this vast subject. Most of it is incorrect
  3. 3. information and the consumers just end up getting frustrated. Meanwhile, their bills keep getting higherand higher every month.A much needed relief seems to be finally here. Keeping in mind the impossible situation created bycredit repair companies, author Eram Saeed, decided to write a book that outlines a blue print on howto fix credit and raise credit scores quickly. Eram Saeed is a veteran lender and runs a mortgage branchfor a commercial lender. In her 10 plus years’ experience as a mortgage lender, she has repaired thecredit reports of numerous clients in order to get them qualified for loans. This is stuff she knows likethe back of her hand. She not only teaches credit repair from the perspective of consumers but alsoteaches what the lenders look for. A unique approach that none of the credit repair companies canoffer, but is extremely valuable to those seeking any kind of loan.What’s more, Eram has fearlessly revealed the almost secret technique for credit repair that regularconsumers never hear about. It’s called Rapid Rescoring and it has been available to bankers and lendersfor years. Through this technique one can raise credit scores within 48 hours and save thousands ofdollars immediately!The fact that this information is extremely useful to people is obvious by the almost instant success ofthis book. “How To Raise Your Credit scores 25-100 Points In 48 Hours, Guaranteed” was published onAmazon in January 2012. It has become a Best Seller on Amazon Kindle since April. It is currently beingtranslated in Spanish.For the price of only a book, Eram’s readers are able to get a better understanding of their credit andraise their scores quickly and efficiently. On average, getting to a fico score of 680 or above will save youbetween $500.00 to $1000.00 per month.Eram’s book focuses on the most important agenda on a consumers mind suffering from poor creditscores: how to clean credit quickly and raise scores so that they can qualify for better rates and savemoney immediately. In this economy, no one has the luxury to wait 6 months to a year to see results.Now they don’t have to!If you would like to learn more about this book or how to clean up your credit in record time using easybut effective tools, you can go to Amazon and buy the book which is now in paperback edition as well asKindle. Audio version to be released in May 2012.Here is what Eram’s readers are saying about this book:“Eram Saeed knows credit repair! I was very skeptical in the beginning, as I have worked with severalcredit repair professionals over the years. After reading her book and applying her principals I began tosee FAST results. My credit score increased 83 points in 4 days. I simply followed her "flow chart" of……………………Please click here to read the full review ~ AT Zermeno. Real Estate investor, Under writer.
  4. 4. “Hi, I bought the e-book (Kindle) for this book, and I can tell you it is the best-spent money ever!!! Thisbook WILL tell you step by step how to fix your score in a Jiffy. Bought last night and today I already havea detailed plan on what and …………………………………………..Please click here to read the full reviewI am VERY IMPRESSED!!! If this works for me it will ALSO work for YOU!!! “ ~Eduardo, book reader.“My name is Garry Davis, an attorney in Dallas, Texas. I do immigration law, so finance, credit and otherissues are not really my thing. Reading Erams book opened my eyes to a world I never reallyunderstood………………………………………………………….Please click here to read the full review.Thanks Eram for such great work!” ~ Gary Davis, Attorney.“It doesnt give you fluff or dance around. But proof is in the pudding so I tested the techniques she gave.Heres the result: I digged up the proof of pay- off statement and gave them to my loan broker to fax tothe credit company. 7 days later he pulled my new report and my score had jumped up 50 pointstotal....30 points only on Experian. He is giving me a better interest rate and also charging me less money…………………………………………………………………………………………………Please click here to read full reviewIm so glad I found this book. Thank you!” ~ S. joseph, book reader.
  5. 5. Table of ContentsThese are the materials by the author Eram Saeed, that were studied in depth to determine theconclusion for this special report.Learning the Basics: Credit Repair 101: Before doing anything else, you must know where youstand, what you have to work with and what your ultimate goals are. The very first step is to obtain acopy of your credit report from all 3 agencies……. In closing, getting accurate information is your firstline of defense when tackling with the credit bureaus and their clients i.e. the creditors.Everything You Need To Know When Dealing With Collection Agencies: One of themost obvious and damaging items on a person’s credit report are collections. Most often, there will bemultiples entries of the same collection item. You must dispute these to get them removed as “duplicateitems”……….Remember, you probably wont win if you can prove only a few minor violations. But if theviolations are outrageous, you can sue the collection agency and creditor in regular civil court.Most Effective And Top Five Methods of Settling Collections on Your CreditReport: Have you have recently pulled your credit report and been dismayed to find some of yourdelinquent accounts have been sold to a collection company. If yes, there is no need to be afraid! Thereality is that collections are the easiest things to get off your credit report…………. If you have collectionson your credit report, using one or a combination of these excellent strategies is sure to bear greatresults in time. Patience and persistence is the key when doing credit repair.CONCLUSION: After studying the material and understanding credit basics, it becomes quite obviousthat do- it-yourself- credit- repair is not only possible but the best approach for a savvy consumer.Caution must be exercised that the source of information that one uses is reliable. This report onlyoutlines some excerpts from Eram Saeed’s book. The Rapid Rescoring method is not covered in thefollowing pages nor some of the other credit repair information due to lack of space. Written by Eram Saeed
  6. 6. Learning the Basics: Credit Repair 101The following is a basic introduction to credit repair. You have more legal rights and avenues than whatcan possibly be listed here, so be sure to read my book and the free articles on my website to get moreinformation.Beginning point: Gather your information and credit reportBefore doing anything else, you must know where you stand, what you have to work with and what yourultimate goals are. The very first step is to obtain a copy of your credit report from all 3 agencies. EachConsumer Reporting Agency (CRA) maintains its own, separate database, and the information on eachreport is often different. So make sure to get all 3 reports as one report could differ a lot from theother. You are entitled to one free report a year or if you have already used that option, you can ordereach report individually below for a cost of about $8-$10 each:Experian - www.experian.comEquifax - www.equifax.comTransUnion - www.transunion.comYou can also order all 3 reports at once thru myFICO, a division of Fair Isaac.If you have applied for credit and got denied for insurance, or employment, you should have received a"notice of adverse action". This will spell out how to get a free copy of the report used in the decision.Note that this will not get you copies of the other two reports.Once you have your reports you will need to understand the information within them. You report isdivided into several sections: Personal Information – In this segment, you should verify that all information regarding your name,address, employer, date of birth, Social Security number, spouses name, etc. is correct. You may findthat variations of each are showing up and may be may be listed along with former addresses andnames. This information is usually obtained from creditors and also from you when you filled out acredit application.Perhaps the first thing to attack is all of the old addresses and name variations. These serve no positivepurpose on your report. If this information is needed by a creditor, you can supply it on an as-neededbasis. These items can be removed by calling or writing the CRA, and asking for their removal, as theyare "not accurate Public Records – This section will list any bankruptcies, liens, judgments, garnishments, or even felonyconvictions. Anything that is a public court record is fair game.
  7. 7. You must review this information carefully and in detail. It has often passed through many handsbetween the courthouse and CRA to finally show up on your credit report, and is prone to errors. Youcan dispute this information just like anything else on your report. But be careful what kind ofdocumentation you send to the agencies in an effort to "correct" your report. A lot of peopleinadvertently end up verifying the information by their own submission, making its dispute nearlyimpossible later.Inquiries – This will tell you who has "pulled" a copy of your report. Inquiries can be of two kinds, "hard"and "soft"."Hard" inquiries are a result of you applying for something, or a current creditor looking at your report.These are the inquiries that lenders can see. "Soft" inquiries are only viewable by you, and arecommonly the result of you pulling your own report, or marketing inquiries. There are specific reasonswhich must be met before anyone can pull your report. "Permissible Purpose" refers to the legalrequirements for anyone to do so. Generally, you must:1) Apply for something, like credit or insurance.2) Have a current, open account with the creditor.3) Have otherwise given your permission for the report to be pulled.Companies or individuals pulling your report without "Permissible Purpose" are violating Federal Law,and subject to fines of $1,000, more in certain states.Credit History Information– All of your payment history will be reflected in the credit history section.Also, your loans, leases, mortgages, credit cards and collection accounts will be listed here. If you havemade on time payments or not on different accounts will show up in this section. The important detailsyou will need to pay attention to are:-Date of Last Activity: This reflects the last activity on the account but what’s more important is that thisis the date that is used to start the 7-year reporting clock. Most often you will find that the account waslast used few years before the date the agencies are reporting. This trick enables the creditors to keepthe debt on your credit past the statute of limitations.Date Last Reported - This is the last date that the creditor supplied an update to the CRA. It has nobearing on reporting period. Account Type: The type of credit you carry and the distribution of the different types of lines will havean impact your score.” R” denotes a revolving account, for example a credit card. Whereas“ I" denotesan installment account such as a home or car loan. Make sure they are listed correctly as having toomany revolving accounts and not enough installment accounts will also have an adverse effect on yourcredit report.
  8. 8. Payment history: It is obvious that being late will affect your score negatively. What is important toknow here is that recent late payments have a much bigger effect than older late payments do. Recentwould be anything within 6 months. The difference between a recent late vs. an older late can be 80points sometimes! Here is how you can read the codes for the late payment history.0 - Too new to rate1 - Pays account as agreed2 - Not more than two payments past due3 - Not more than three payments past due4 - Not more than four payments past due5 - At least 120 days or more than for payments past due7 - Making regular payments under W.E.P (wage earner plan)8 - Repossession9 - Bad Debt; placed for collection; skip Limit/Original Amount: -This is basically your credit limit for that particular trade line. If it’s aninstallment loan, then the original amount of the loan at its inception would be considered the limit. Butif it’s a revolving account, it will be the high credit limit allowed by your creditor for that account. This isused to compute your credit utilization. Staying under 30% on revolving accounts is advisable.Balance - The amount owed as of the date reported. You may owe less than what is reflected butdepending on the date that the creditor reports to the bureaus, you may never see the real time balancebeing reported. If you know this beforehand, you can request your credit report to be pulled at theappropriate time to enhance your scores. Open/Closed - Whether an account is open, active, and available for your use, or closed and no longerusable. Closed by Consumer indicates that the account was closed at your request. This has neither apositive nor negative effect. Closed By Credit Grantor indicates that the account was closed by thecreditor, often involuntarily. This is nearly always seen as a negative.How long do items remain on the report?Bankruptcies remain 10 years from the date discharged.
  9. 9. Other negative items remain no longer than 7 years from the date of first delinquency. Positive itemscan remain indefinitely, but no less than 10 years. Inquiries remain for 2 years, with those in the last 6months usually given the most consideration.Credit ScoringOften, a Credit Score is provided with your report, or available for an extra charge. The credit bureaususe their own credit-scoring formulas which are so far a secret. The details of how the scoring modelcalculates are never shared but with experience and seeing thousands of credit reports, one gets a fairidea. These scores are of varying accuracy and a lender will typically take the middle of the three scores.It is not unusual to see a difference of a 100 points from one bureau to another.Ok, now you have a pretty good idea of what’s being reported on your credit report. I also recommendthat you take some time to read the FCRA (Fair Credit Reporting Act) and FDCPA (Fair Debt CollectionPractices Act). These are the laws that apply to credit reporting and debt collection. You have specificrights under each of these. Understanding your rights will be really helpful infighting with the creditorsand moving forward financially. Read and understand these laws to get a good understanding of yourrights.You will find that you have the right to dispute any information contained on your credit report that youfeel is incorrect in the slightest degree. This is done by writing to the credit bureaus. You may use thedispute letters provided on the website for free. Once you send in the complaint, the credit bureau isthen required to verify that information with the original creditor. By Law, they are only given 30 days todo so.If they are unable to verify the information within the time allowed, it must be deleted. Note thatwhether the account is "really" yours or not has no bearing on their responsibility to verify it. If it cannotbe verified, it must be deleted.You also have the right to get validation of debt. You do this by demanding that the creditor prove toyou that the account is really your responsibility and that the balances are accurate. If debt collector is acollection agency, they must also prove that they have legal right to collect the debt. Once you havemade the request for “validation” in writing, they must STOP all collection activity, including reportingand verifying, until they supply proper validation to you. There is no time limit specified in which theyhave to validate. However, they cannot continue collection activities until they provide such.Sometimes, Collection Agencies will stop collection activities and return the account to the originalcreditor rather than validate. This is perfectly legal.
  10. 10. If you are dealing with the original creditor, under the FDCPA, they are not required to do so. They maysupply validation at their option. However, you do have the right to dispute directly with an originalcreditor any information reported that you feel is incorrect. Once they have received your dispute, theymust investigate the reported info. They must also report that particular account as disputed with thecredit bureaus.If you demand validation from a creditor who is already listing a derogatory trade line on your creditreport, they are required to reflect that activity on your credit report as "disputed by consumer" (orsimilar language). They may NOT place a new listing, or verify a current listing with the CRA until theyhave provided you with validation.It is most always a good idea to send any communication to the creditors, credit bureaus or debtcollectors via certified mail as this gives you proof, in the form of a receipt. You must be very diligent inbuilding your case against the bureaus to get guaranteed results that your credit will get cleaned up.Be careful in selecting your method of dispute. Most of the time "not mine" is an acceptable startingplace. If you decided to dispute indicating "wrong dates" or "balance incorrect", it would imply that youhave some knowledge of the account. If that strategy bears no fruit, making a later dispute of "notmine" become pretty awkward and may be considered frivolous.Always, be very careful in what information you supply to the credit bureaus. Examine any and all courtpapers or collection statements you decide to provide in an attempt to correct your report. Manypeople find that those very papers were used against them later on in court! You wont be able to claim"not mine" on an account that you previously verified yourself. Its not your job to prove what is beingreported. It is theirs. If they are reporting it, they must be able to prove it, without you sending in"supporting" documentation.In closing, getting accurate information is your first line of defense when tackling with the credit bureausand their clients i.e. the creditors. Written by Eram Saeed
  11. 11. Everything You Need To Know When Dealing With Collection AgenciesOne of the most obvious and damaging items on a person’s credit report are collections. Most often,there will be multiples entries of the same collection item. You must dispute these to get them removedas “duplicate items”.For the legit collections, most people feel lost on how to go about negotiating these collections andwhat a good offer is. Usually 25% of the balance is a good place to start. The collection company usuallyacquires these bad debts for pennies on the dollar. So 25% would still make them a profit. But before westudy the negotiation in detail, let’s first examine your legal rights in this area. Collection companies arenotorious for pushing the envelope or out and out breaking the law when it comes to debt collection.The knowledge that they are conducting themselves in a manner prohibited by Law will be very helpfulin building your case.Prohibited Conduct by a Collection AgencyThe FDCPA prohibits the debt collectors from engaging certain practices. Following is a list that will giveyou a fair idea:Hours for Phone Contact: Contacting consumers by telephone outside the hours of 8 a.m. to 9 p.m.local time is prohibited.Failure to Cease Communication when explicitly requested : If a consumers has informed the debtcollector in writing that they refuse to pay the bill and no longer wish to be contacted by the creditor,failure to desist immediately is prohibited. In addition, engaging a person in a telephone conversationrepeatedly or continuously with intent to annoy, abuse, or harass any person is strictly against the law.Contacting a person at their place of employment: If you have informed them that this is notacceptable and they continue to do so, they are in violation.Continuing to communicate after the consumer has requested validation of debt: Communicating withthe consumer after receipt of a consumers written request for verification of a debt made within the 30day validation period (or for the name and address of the original creditor on a debt) and before thedebt collector mails the consumer the requested verification or original creditors name and address.Misrepresentation of facts: Using deception to collect the debt by claiming to be an attorney or a lawenforcement officer. In addition, collection agency cannot demand amounts not permitted underapplicable contract or law.
  12. 12. Threatening arrest or legal action: The threat to take any action that cannot legally be taken isprohibited.Using Abusive or Profane Language or threatening to publish consumers name or address on a "baddebt" list.Contacting Third Parties: Revealing or discussing your debt with neighbors, co-workers, familymembers (other than spouse), or friends is strictly prohibited.Reporting False Information on a Consumers Credit Report - or threatening to do so in the process ofcollection.Required Conduct by a Collection AgencyNow that we have learnt what a collection agency can NOT do, let’s find out what actions they arerequired to take when trying to collect on a debt from a consumer. According to The FDCPA, debtcollectors must adhere to the following actions:Identify themselves to the consumer: In every communication, they must inform you that thecommunication is from a debt collector, and that any information obtained will be used to effectcollection of the debt.Give the name and address of original creditor: Upon the consumers written request for theinformation on the original creditor, they must furnish said information within 30 days of receipt of thenotice.Notify the consumer of their right: As a consumer, you have every right to dispute the debt and thedebt collector must communicate that to you. If you have an attorney, the debt collector may notcontact anyone other than your attorney. If you do not have an attorney, a collector may contact otherpeople, but only to find out where you live and work. Collectors are usually prohibited from contactingsuch permissible third parties more than once. In most cases, the collector is not permitted to tellanyone other than you and your attorney that you owe money.Provide verification of debt: If consumer has sent a written request for verification, then the debtcollector must either mail the consumer the requested verification information within 30 days, or ceasecollection efforts altogether. Verification should include at a minimum the amount owed and the nameand address of the original creditor. Within five days after you are first contacted, the collector mustsend you a written notice telling you the amount of money you owe; the name of the creditor to whomyou owe the money; and what action to take if you believe you do not owe the money. A collector maynot contact you if, within 30 days after you are first contacted, you send the collection agency a letter
  13. 13. stating you do not owe money. However, a collector can renew collection activities if you are sent proofof the debt, such as a copy of a bill for the amount owedFile a lawsuit in a proper venue: A debt collector may file a lawsuit, only in the place where theconsumer lives or signed the contract. Most often, debt collectors fail to comply.What to do if your rights have been violatedIf you feel that your rights have been violated by the collection agency, you can report them and seekretribution.First, try to get the collector back on the phone and repeat whatever you said the first time that causedthe collector to make the illegal statement(s). Ideally, you should have a witness listen in on anextension. Otherwise you can tape the conversation. Recording is permitted without the collectorsknowledge in all states except California, Connecticut, Delaware, Florida, Illinois, Maryland,Massachusetts, Michigan, Montana, New Hampshire, Pennsylvania and Washington.Next, you need to file a complaint. You can file a complaint whether or not you have a witness. Thecomplaint will be filed to your state consumer protection agency (who in some cases is your stateattorney generals office).Finally, send a copy of your complaint to the creditor who hired the collection agency. The creditor maystop the collection efforts all together if the violations are considered severe enough. If the violationsare ongoing, you can sue both the collection agency and the creditor that hired them for up to $1,000 insmall claims court for violating the FDCPA. Remember, you probably wont win if you can prove only afew minor violations. But if the violations are outrageous, you can sue the collection agency and creditorin regular civil court. Written by Eram Saeed
  14. 14. Most Effective and Top Five Methods of Settling Collections on Your Credit ReportHave you have recently pulled your credit report and been dismayed to find some of your delinquentaccounts have been sold to a collection company. If yes, there is no need to be afraid! The reality is thatcollections are the easiest things to get off your credit report. Everyone in the industry knows thatcollection agencies have poor documentation. Furthermore, they are usually not actually authorized orlicensed to collect on the debt. As a result of the shaky status of collection accounts, there are manytechniques you can use to attack the collection agency and eventually get that collection record off yourcredit report.Here are the top 5 techniques you can use:Pay for the DeleteSettle the DebtDebt ValidationDispute with the Original CreditorDispute with the Credit BureausMost of these methods have been discussed in the previous sections. In this article we will explore indetail how to get rid of a collection if the avenues for dispute are not open.Pay for the Delete:This situation is best for small collection amounts, $500 or less, like medical collections or utility bills.You get the collection agency to agree to remove the listing from your credit report if you pay the debtamount. This is a very successful technique. If you have some cash, this is the easiest technique to usewhen trying to remove collections from your credit report.In short, you agree to pay them the entire amount, netting the collection agency a handsome profit, andyou get the account deleted from your credit report, netting you a handsome increase in your creditscore. Even if you are strapped for cash, most people can afford to pay $500 to a collection agency. If itsover $500, this is still an excellent technique.
  15. 15. How much should you offer to the debt collectors?For debts over $500, paying a maximum of 25% of the total is suggested.At 25%, the collection agency is still making a handsome profit. To understand this you have toremember that most bad debt companies pay or receive literally pennies on the dollar for the debts onwhich they are trying to collect.The amount that companies pay for bad debt depends on the type of account and its age:Debts that have recently been charged off are in the range of 6 to 7 cents on the dollar.Accounts that are slightly older and on which other collection agencies have been unsuccessful tocollect, would be in the range of 1.5 cents to 2 cents on the dollar.Years-old, out-of-statute debts would have run a penny or even less.(* Source: Sean McVity, portfolio broker at Keefe, Bruyette & Woods)Keeping this in mind, you should always begin your negotiations at 25% or less.Lets look at this in detail. Let’s say the balance on your debt is $1,000. Let’s assume that at the most,the collection agency has paid 7 cents on the dollar. That means they bought the debt for $70. If youoffer them $250 (25%), they would still be making a profit of $180. Keep in mind that the original creditcard companies are out of the picture at this point. The collection agency will be keeping the fullamount.How to carry out pay for Delete technique:Write to the collection agency and offer to pay the amount at 25% (or at whatever amount you feel youcan sell them on). In return, they must remove the collection account from your credit report.Points to note in the letter:Highlight the fact to them that they have failed to validate the debt to you through any documentation.That is they have not proven that the debt is yours or that they have any legal entitlement of collectingon that debt.Explain to them that you in the interest of saving time and money, you prefer just to pay this debt ratherthan hiring an expensive attorney and taking them to court.Make your offer sound very professional and business like. Close the letter reminding them of thehandsome profit they are about to make on this deal if they accept your offer.Wait until you receive a signed, written acceptance of your offer from the collection agency.Once you have a written, signed agreement (a fax is fine), send the collection agency a money order orcashiers check for the amount you agreed to pay them.
  16. 16. Settle the Debt:This technique is a lot like the one discussed previously, except that this method deals with collectionamounts that are over $1,000. Since the amount is higher, you will need to do more negotiating with thecollections agency. The goal is to reduce the amount of debt to an amount that you would becomfortable paying in one lump sum. Just like the other method, you get the collection agency to agreeto remove the listing from your credit report in exchange for a settlement.Debt Validation:In this method you will be leveraging the protections of the Fair Debt Collection Practices Act to forcethe collection agency to provide documentation as proof that the debt is valid. Its one of the moreaggressive techniques against the collection agency. It involves writing a letter to the collection agency,but if the collection agency is non-responsive, it requires the threat of filing a lawsuit. To get moreinformation on this technique, please read the previous article in this report.Dispute with the Original Creditor:In this method, you are leveraging the protection of section 623 of the Fair Credit Reporting Act.According to this section, you as a consumer are allowed to dispute a negative listing on your creditreport directly with the company reporting it. You merely have to request that an investigation of theaccount be done. The creditor is required by law to respond within 30 days.Important: You must have first dispute the negative information on your credit report with the creditbureaus. Once you have filed the dispute with the bureaus, then you can proceed with directly disputingwith the creditor. This is actually a very effective technique. Especially since the collection agenciesalmost never have any documentation as back up.Dispute with the Credit Bureaus:This method is the basic credit repair technique of writing letters to the credit bureaus and requestingan investigation of a collection on your credit report. It has been discussed in detail also in the previousarticle.If you have collections on your credit report, using one or a combination of these excellent strategies issure to bear great results in time. Patience and persistence is the key when doing credit repair. If youhave time, you can use the regular method of sending in dispute letters through mail. However, if youneed your scores raised quickly, then Rapid Rescoring is your best option. Written by Eram Saeed