credit repair online

DELISA ANN J asked:


I am looking for a company that i can trust to repair my credit does anyone know about this particular company. Or can someone refer me to a company that’s not going to rip me off.

Grace

Dave S asked:




There are two ways to deal with a collection letter. You can ignore it – the wrong thing to do. Or you can deal with it proactively. The Fair Debt Collection Practices Act (FDCPA) offers consumers certain protections under the law. When you receive a collection letter, you have 30 days to request debt validation from the debt collector. This is something you really should do. Even if the letter looks legitimate, you must find out if the collector is legally allowed to collect it. Debts are regularly bought and sold.

You have a right to know if the collector has bought the debt from the original creditor – and they must provide documentation to prove it. They also must prove the original amount of the debt and any interest calculations applied. But, only if you request debt validation in writing, within 30 days. Exercise your rights and have them prove they own the debt and any calculations associated with it. They must also provide a copy of the original agreement you signed and a complete accounting of all transactions.

If they do not provide validation within 30 days you have no further obligation with them. When asking for validation, request the name and address of the original creditor, the amount owed, how they came up with that figure, and most importantly proof that they now own the debt. Use any reference numbers in the collection letter. Enclose a copy of the collection letter. And send it certified mail. And keep these records. A collector can not pursue collection efforts when you have requested validation until they have complied with your request. It is illegal. If they can’t or won’t comply they must cease all collection efforts and can’t report you to the credit bureaus.

Claude

Molly Wider asked:




Has the economic downturn of the last year or so flushed your own credit down the toilet? Think you’ll never recover from your bad credit? Think again. Bad credit isn’t the best experience of a lifetime, but it can be fixed. And even in these economically challenging times, you may have more assets to work with than you think.

Know where you stand

First, always get a current credit report. Be sure that your credit rating is accurate. Errors are not uncommon. If there has been a mistake on your credit report, get it fixed. Next, consolidate your loans, if you can, so you make one payment each month. And put those credit cards on ice-literally, if you have to! Then, put yourself on a budget. The whole family can help figure out where you can cut costs, and save some cash. Finally, only use cash to pay for everything you buy, and track your spending. Now you will know where you stand, and how much money you have available to you, each month for life and debts.

A surprising source of credit

Here is something you might not have realized that can help ease your way out of debt and to better credit-your own vehicle. That’s right. Your vehicle may offer you some help in repairing and rebuilding your credit. If you own your vehicle, and it is less than 8 years old, car title lenders may have help for your bad credit problem.

How car title loans work

Car title loans work in different ways. One, you may be able to re-finance your car to get extra cash to help pay down those pesky bills. That helps you eliminate debt, and it helps you rebuild your credit with one stroke. It may also make the pain of bill repayment and credit repair a bit easier to bear.

Other ways car title lenders work is by helping you to repair your vehicle. If you haven’t been able to work, or you can only work in areas where there is public transit, car title lenders may be the answer to your ride problem. Car title lenders can help you to use the value in your car to repair your vehicle-and get you back on the road to better credit, and a better life.

Bad credit can sometimes seem overwhelming. But there are more ways to credit repair than you might have thought of before, and car title loans may be a good choice for you. Assets such as your vehicle can help you to pay down debt, repair bad credit, and re-start your own engine.

Clinton

Susan Jan asked:




Having a good credit rating is important because it allows us many conveniences in life, such as renting property, having credit card, and qualifying for financing etc. However, if you do not pay a creditor on time, your credit report with the credit bureau will be affected, and when your credit rating becomes poor, the above conveniences will no longer be possible. It is imperative that you take immediate steps to repair your credit.

The first step in credit repair is to get your credit report from the credit reporting agency. Once you receive your credit report, examine it closely for any inaccuracies. If you find any discrepancies, you can request an investigation in writing to the agency. The agency must then either respond within 30 days with documentation of the particular discrepancy, or remove that item from your credit report.

An immediate solution to credit repair is to contact your creditor as soon as you become aware of your outstanding debts. Your credit report depends on whether your creditor decides to report you to the credit reporting agency. Usually your creditor will be willing to discuss with you alternate payment options and solutions, because they would prefer to get some payment instead of no payment at all from you. You should propose a realistic payment plan and convince them that you can stick to it.

If your creditor does not accept your new payment terms, then your debt will go to collection, and you will then have to deal with the collection agency. Collection agents are usually more aggressive and may even threaten to take you to court if you do not comply. Bear in mind that collection companies generally buy debts at about half their value, so any payment higher than that is a profit for them. Negotiate ASAP to pay less than the full value of your debt, and collection agents generally agree to a quick payment at a small discount of the value, as they are unwilling to have the process drag on.

Another option is for you to seek the help of a credit counselor. Credit counseling is usually done by non-profit agencies, and credit counselors will advise you on and make you stick to your long term credit repair plans. Good credit counseling organizations also provide workshops, educational materials, and counseling.

Of all the credit repair options, Avoid for-profit credit repair companies at all cost because they are often scams, and propose a one size fits all quick fix. There is nothing that a credit repair company suggests that you can’t do yourself, such as obtaining your credit report etc.

It takes a long time to build a good credit rating, and just a short amount of time to destroy it. There are no quick solutions to a poor credit rating, and you will have to slowly and patiently build your credit rating again from scratch. If you avoid quick credit fixes, and instead focus on long term credit repair, you will eventually gain your good credit back.

April