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Real Estate Investors-Remove Bad Credit

Monday, May 05, 2003 @ 09:22 PM EDT Printer Friendly Page  Printer Friendly Page
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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
 
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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.

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Re: Real Estate Investors-Remove Bad Credit (Score: 1)
by DerrickAli on Thursday, May 15, 2003 @ 08:49 AM EDT

???BAD IDEA??? "Firvolous or Irrelevant"???

That's Exactly why a consumer should HAND WRITE their requests.

The Term Friv/Irrelev... are VAGUE responses and DON'T CLARIFY a Darn Thing about 2 to 3 lines of information reported as the consumer's TOTAL & COMPLETE HISTORY!?!

If the 'ZEROED-IN' on the Completeness + ACCURACY which FCRA Law requires (INSTEAD of making Arbitrary decisions as to what's Friv/Irr), then Credit grantors wouldn't have to make additional requests(LOXs) or REJECTIONS to Consumers!!!

Also, I suggest CC:ing a copy of the dispute letter to the consumer's State's ATTY General Dept. of Consumer Affairs and/or Cong. Rep./Senator for their District. (And NOTING this fact at the bottom of their letter.)

This will change the Credit Reporting Agencies temptation to deem it Friv/Irr.

Much Success,


Derrick Ali
[ No Comments Allowed for Anonymous, please register | Go to Parent Article ]



  • Re: Real Estate Investors-Remove Bad Credit by bigdredd on Friday, May 16, 2003 @ 03:04 PM EDT



  • Re: Real Estate Investors-Remove Bad Credit (Score: 1)
    by serrico on Friday, May 16, 2003 @ 04:38 PM EDT

    Thanks for the advise bigdredd!!! We don't need to make a bad situation worse![ No Comments Allowed for Anonymous, please register | Go to Parent Article ]




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