Professional Credit Expert’s Insight

If you know anything about credit repair and the Fair Credit Reporting Act, you know the bureaus are allowed 30 days to verify whatever minuscule details we are requesting. This protects you from dying of old age before getting a response, which no doubt would happen if they could get away with it. Let’s take a quick minute to examine the advantages we have with this 30-day response policy.

What’s actually happening behind the scenes is the bureaus are playing the middle man waiting for a response back from the creditors about a particular investigation.

It’s ultimately the creditors that have 30 days or less to respond to the bureaus, who in turn determine if that response is appropriate. We continuously see indications through our clients’ results that either no work or attempted work was done on our investigations. Simply, the account is now deleted, without any argument.

Was it because they discovered they dinged the wrong person, or they couldn’t find the details we were asking for, or perhaps they just didn’t get around to it in the timeframe they were allotted? They don’t divulge that information; but as office paperwork tends to stack higher than the Himalayas, letting documents age 30 days would appear to be the salient issue.

Also, consider government-related accounts such as judgments, bankruptcies, and tax liens: in your opinion, does the government operate at lightning speed, or are they slow as snails (like the DMV)?

It’s easy to see that when given only 30 days to complete a series of exquisite investigations into their misinformation–well, you can only guess what the result might be.

Many thanks to Jay O’Connor at National Credit Care for this insightful post.

National Credit Care
1499 W 121st Ave #300, Westminster, CO 80234
866-595-6313


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DIY Credit Repair Success Story

“Chase not only removed all my late payments but also refunded over $350 in fees!” ~~ Sarah S., Florida

 How did Sarah achieve this success? First, a quick background…

Sarah had moved several times and in the process, she’d unintentionally forgotten about the Chase account. Easy to do when no billing statement comes! By the time she checked her credit report, late payments had already posted and her score had been docked.

Time to spring into action! Sarah picked up a copy of Repair Your Credit Like the Pros: How credit attorneys and certified consultants legally delete bad credit and restore your good name. See here.

After reading Chapter 15, she called Chase and asked to speak with a supervisor in charge. She opened the line of communication in a professional manner. She explained that her credit is very important to her, and she would not have missed a payment had she received a bill. She told the truth. By the end of the conversation, the supervisor said:

“I have determined that you were not receiving your statements”; and therefore, you “couldn’t have known you had a bill.”

As a result, both the late payment record and the late fees were removed.

In a follow-up email, Sarah wrote (and gave me permission to use on my blog):

Carolyn,

I wanted to write to you with a heart of gratitude! Thank you so much for writing your credit repair book. Within two

Available on Amazon. Rated best DIY credit repair resource.

months of starting the credit repair process and sending out first letters, my husband and I have raised our score over 100 points! We are pre-approved to buy our first home. God is good.

Thank you again,
Sarah