“instant credit repair” is a controversial term. Most so-called credit experts think that “instant” and “credit repair” are mutually exclusive words. Building credit requires time, dedication, financial effort, and careful budget planning. repair credit.”, “fast”, “overnight” are words that simply have no meaning in the context of credit. However, contrary to popular belief, fast credit repair IS possible. Here are the top 3 rules that have helped others increase their credit score in a short period of time:
1 Learn the rules of the game.
If you don’t know the rules of the game (and I mean ANY game), your chances of success are slim to none. The same logic applies to the world of credit repair. The more you know about the inner workings of the credit system and the various loopholes in it, the better your chances of increasing credit score. Do you know what the mathematical algorithm behind your credit score is? What are the two most important factors in your final FICO? What are the most damaging accounts on your report? Why is credit time sensitive? How to eliminate errors in your report within 48 hours (Rapid Rescore)? How to validate debt request from credit bureaus, collection agencies and original creditors? How to successfully dispute negative accounts on your report? How to dispute separate listings within accounts (Dispute 623)? How to negotiate with collection agencies and settle for the minimum amount possible? How to deal with court rulings and tax ties? The answers to such a question can give you an idea of the loopholes and shortcuts in the credit system.
2 Play your trump card (your legal rights).
Many people with bad credit see themselves as the “villains.” After all, they are the ones who maxed out their credit cards or defaulted on their contractual loan obligations. Well, let me tell you: they are not villains in front of the law. As a consumer, you have numerous legal rights that are specified in the Fair Credit Reporting Act and the Fair Debt Collection Practices Act. For example, you can request debt validation (paperwork showing the debt is yours) from credit bureaus, collection agencies, and original creditors. Failure to validate the debt should result in the removal of the negative account from your report. You also have the right to dispute any inaccurate, out-of-date, or ambiguous items on your credit report. The credit bureaus are required by law to conduct an investigation in a timely manner and make a decision on your case within 30 days. You also have the right to stop any harassing collection phone calls by sending a simple “cease and desist” letter to the collection companies. We can’t go into detail about all of your legal rights here, but the bottom line is that you have power of attorney. Use it to the fullest.
3GB the extra mile…
Not all credit bureaus, collection agencies, and original creditors will be willing to cooperate. Don’t forget that you are playing on different teams… However, the key to success is to keep trying. Negotiate with collection agencies until they agree to the terms of your settlement. Challenge certain ambiguous items in your registry at various levels until you permanently remove them from your file. Send a “goodwill” letter to your creditor explaining the unusual circumstances surrounding your late payments and request removal of the negative item. In other words, persevere, persevere, persevere… until you see results.
instant credit repair It’s Not A Myth Knowledge about the credit system and the various loopholes in it, combined with a healthy dose of perseverance, will get you to your desired destination faster than you thought possible. Once you start thinking outside of the credit box, you’ll be surprised to discover how easy credit repair actually is.
