The #1
Real Estate Investing
Community

Sun, Nov 22, 2009 
Topics 'N Comments
Forum Topics
* Loan Modification Advice
* Interesting Deal To Analyze....What Would YOU Do?
* Help With A Multifamily Lease Option
* Help With My Lease Option
* $8,000.00 Tax Credit
* Looking To Move Up To Commercial, Small Time But Still A Big Step
* Need Hard Or Private Money For 40 Units In Jacksonville FL ASAP
* Tenant Ran Oil Tank Dry-Can We Charge Her?
* Mortgage Was Sold...now What?!
* Foreclosure Buyout/ Buyouts

Comments
* I am new to this...
* When I was a small...
* Done properly with a...
* I don''t get that...
* That''s good advice,...
* But Jason doesn''t...
* Great Idea! But the...
* If anyone offers...
* Thanks for posting...
* Jason.... You''re...
Contact Us
703-778-5755
Login Problems?
Sales
Support
Feedback
Recommend Us
History and Purpose of TCI


Advertise on our site
Advertising Login
Sell Your Product Here!
Official PayPal Seal
Send this to:                            

Real Estate Investors-Remove Bad Credit

Monday, May 05, 2003 @ 09:22 PM EDT Printer Friendly Page  Printer Friendly Page
Send this Story to a Friend  Send this Story to a Friend

Contributed by: Derrick Ali

Derrick Ali Properties

Read more archived articles about Credit and Finance

Before Going Out to Qualify for a Mortgage Loan or Equity-Line of Credit:

Learn:

"How to Legally Remove BAD CREDIT items on Your Report-Without risking MAIL FRAUD!"

First of all you should NEVER send an outright Blatant LIE to get your credit score changed by the Credit Reporting companies...

Instead you can Simply State that:
"I am unable to VERIFY the information (in Dispute) to be 100% ACCURATE nor
 
Advertisement
COMPLETE as it is being reported by YOU (TransUnion, EquiFax, Experian)!"

(and)

"Please CONFIRM and PROVIDE SOURCE of Info you are reporting or per FCRA law IMMEDIATELY DELETE (non-RATE)!" for the following Accounts:

-Seareds and RawButts

-BlowMy Dollars

-Needless Markups

-JC PrayerPennys

-HFC (Holding up F#(KN Consumers)


Thank You!

Jane Doe-Consumer
aka (MyDivorceCausedMyBK)
123 Nowhere Lame
Bluestown, USA"

############################

The above would be both a LEGAL and EFFECTIVE dispute for REMOVING items on a consumer report without the expense of paying a RIP-OFF Credit Repair clinic.
Or Risking Jail for Mail Fraud!!!

I hope this helps!

Derrick Ali






Note: Derrick Ali is Director and Chairman of Consumer Mortgage Loan Advocates. He is the author of The Quick Start Real Estate Investing Guide. Derrick specializes in Land Trust Transaction Engineering for Equity Holding Trusts(tm) and/or PACTrusts (tm) methods. You can also hire him to consult you on the set up of these Land Trusts for you.

Word Cloud:
estate investors-remove credit real risking items reporting mail

 
Username or Email

Password

Remember Me:

Join 242,061 other
members FREE!
· More about Credit and Finance
· Other articles by Derrick

Derrick Products:


Most read story about Credit and Finance:
The Real Truth About Financing

Average Score: 3.23
Votes: 30


Please take a second and vote for this article:

Bad
Regular
Good
Very Good
Excellent



Printer Friendly Page  Printer Friendly Page

Send this Story to a Friend  Send this Story to a Friend

Threshold
Logged In members can moderate all comments.
Re: Real Estate Investors-Remove Bad Credit (Score: 1)
by bigdredd on Thursday, May 15, 2003 @ 06:50 AM EDT

Using Form letters for the reader to use in disputing his negative credit might be a bad idea.

Employees of the credit bureaus are usually the first to analyze new ways that consumers are using to restore their credit files. Therefore the credit bureaus immediately spot these standard forms. Once the bureau has zeroed in on the structure of the form, any such letter will immediately earn a "frivolous or irrelevant" response from the checker. Many times, the credit bureau will see this as a sign that the customer is "yanking their chain" and the checker will "red flag" the client's credit report for future reference.

[ No Comments Allowed for Anonymous, please register ]



  • Re: Real Estate Investors-Remove Bad Credit by DerrickAli on Thursday, May 15, 2003 @ 08:49 AM EDT


  • Re: Real Estate Investors-Remove Bad Credit by serrico on Friday, May 16, 2003 @ 04:38 PM EDT



  • TY Wrote: (Score: 1)
    by DerrickAli on Tuesday, June 17, 2003 @ 12:34 PM EDT

    [quote]
    On 2003-06-06 14:11, tntmoz wrote:
    Hi Derrick, My name is Ty and I was hoping you might have some advice for me. It's a credit repair question. I have an open collection that I want to get deleted. The original creditor was Montgomery Wards and I had that one deleted but the collection co. that Bought the account has "updated " their info even though they have no one to go back and verify with. Since they bought the account are they now the original creditor? I know if the info can't be verified it must be deleted. If that's not going to work, is there any way to get them to agree to remove it from my credit file once I have paid them off? Thanks for any help you can give me on this! Ty
    [/quote]

    TY:

    Sorry about the delay in answering

    However, try sending a letter with a check with the following written on the back:

    "Endorsement signifies your acceptance to remove or non-rate the account for which this payment is tendered from any/all credit reporting agencies used by your firm."


    If they cash the check you are entitled by LAW to have this collection company honor 100% to the letter the above request!

    If they should fail you'll have 100% proof of their failure (date of endorsement +date of newly pulled credit report ---4-6 weeks after check cashed)

    This proof is enough to get a breach of contract by the collection firm and include monkey wards as a co-defendant in small claims

    Ask for the amount of the debt to be paid + court costs+ charachter damages(keep the total less than $2500) the Judge will hit them hard for being Greedy + Stupid enough to deposit your check.

    NOTE: I am NOT a lawyer and this isn't LEGAL ADVICE only an example of Tactics others have used to turn the worm so to speak on their creditors!
    [ No Comments Allowed for Anonymous, please register ]



  • Re: TY Wrote: by pdcoles on Saturday, September 13, 2003 @ 11:55 PM EDT



  • Real Estate News | Real Estate Investing Articles | Real Estate Investing Gurus | Real Estate Forums | Real Estate Lenders | Real Estate Investing Groups | Real Estate Course Reviews | Real Estate Services | Real Estate Courses | Investment Properties | Real Estate Search | Commercial Properties | Land For Sale | Houses For Sale | Houses For Rent | Real Estate Comps | Sell House Quick | Sell House Fast

    The Creative Investor web site was created for Landlords, Property Managers and Real Estate Investing community.
    Through using our forums, investors will be able to talk about finance, no down payment purchases, debt payoff, purchase strategies and current real estate news.
    Privacy Agreement and Terms of Use. All logos and trademarks in this site are property of their respective owner.
    The comments are property of their posters, all the rest 2002 by PropBot.com L.L.C.