Solve your debt in 5 days or less!

include a copy of the complaint in your dispute letter and 
threaten to mail the complaint if you don't receive 
satisfaction within thirty days.  
3. "I am preparing letters to my state senators and 
representatives." Every year, the credit bureaus fight off 
new legislation which would further restrict their practices 
and place greater financial penalties on their mistakes. 
Presently, they enjoy only the constraint of a 25 year-old 
statute that is, advantageously for them, outdated. In 
Congress, when a new, tougher, Fair Credit Reporting Act 
reaches the floor, the credit bureaus are forced to labor to 
keep the new act from passing. So far, they have succeeded 
in preventing changes to the Fair Credit Reporting Act, but 
as time goes on, and more consumers complain to their 
congressmen, fewer congressmen are willing to listen to the 
credit bureaus. Letters to federal and state congressmen 
that express outrage over the conduct of the credit bureaus 
will eventually change credit reporting as we know it. The 
credit bureaus want to delay that change, and they will 
shrink at your decision to write your local statesman. Feel 
free to send copies of your complaint letters with your 
dispute.  
Settling your Debts 
If you haven't yet settled your outstanding, delinquent 
debts, you must seriously consider doing so. Many of your 
creditors will see the negative listing on your credit 
report as a collection tool, and they will do whatever it 
takes to keep that negative listing on the report, even if 
it requires verifying a thousand investigations. Even if you 
delete a negative unpaid listing, that negative listing may 
well reappear when the creditor or collector settles the 
account, seeks a judgment, or passes the amount to 
collections. Please see Settling Delinquent Debts for more 
information.  
Disputing the Information with the Source Sooner or later in 
this process, you should dispute the credit information with 
the creditor who reported it. If you are in a hurry to 
restore your credit, you should be writing your creditors 
from day one. If you have worked with the credit bureaus for 
some time and the results are lagging, now would be a good 
time to take the fight directly to the source.  
Submitting a 100 Word Statement of Explanation 
Most do-it-yourself credit repair manuals recommend that you 
file a 100 word statement to be added to your credit report 
explaining the circumstances of the negative credit that 
remains. After all, the Fair Credit Reporting Act does give 
you that right. We have never seen a creditor who bothered 
to read or consider the 100 word statement. In fact, many 
creditors won't look much beyond the automatic credit bureau 
rating that appears with your credit report when you apply 
for credit. This instruction does not recommend that you 
file the 100 word statement. It would only serve to 
self-verify information that should come off through 
repeated disputation of the listing. If you have previously 
submitted any 100 word statements, they should be the first 
items you remove.  

 

The Inside Secrets Of Credit Repair

The information on this disk has saved many people a lot of 
money. This disk is a guide to repairing your credit. Even 
if you have A-1 credit, this disk is a must. But if you are 
like 77% of Americans that don't have A-1 credit, the 
information on this disk can save and solve you many 
problems, many of them before they start. On the disk, are 
form letters, and many forms and documents used in credit 
repair by credit repair businesses. 
Congress Passed Laws To Protect You
When Congress conducted the investigations of the various 
credit reporting agencies in the 70's when asked why there 
were so many mistakes, the standard answer was, " THAT WAS 
WHAT WAS REPORTED TO US "! 
It is hard to believe but no one was being held accountable 
for the accuracy of the information contained in your credit 
report. Not the creditor's who reported your payment history 
or even the credit reporting agency that passed it along to 
whoever wanted to look at it. 
The final action of the congress was to enact a set of 
"public laws" (UNITED STATES CODE, TITLE 15, CHAPTER 41) 
designed to help you the public ensure that the information 
contained in your credit report is correct. Most importantly 
the congress made the credit reporting agencies responsible 
for determine the accuracy of the information they report. 
The problem is how does the average man or women help 
themselves under the law. The red tape, the letter writing, 
where do you mail the request, what sort of request do you 
make. Even what are your rights, understand it is not in the 
best interest of anyone to help you or take the time to 
teach you what to do. After all, credit reporting agencies 
make their money providing credit reports to lenders, not by 
fixing bad information in your record. 
The Fair Credit Act was first passed in 1971 and has been 
revised several times since. The ACT was passed to address 
the problems of poor reporting practices and give the 
consumer a remedy to solve the problems created by these 
inaccurate reports. This was accomplished by establishing 
guidelines for removing and correcting, "obsolete, 
inaccurate, irrelevant, outdated, misidentifying, 
incomplete, incorrect, erroneous, and misleading" 
information from your credit report. 


Solving Credit Problems 

If you are having problems getting credit or paying your 
monthly bills, you may be tempted to turn to businesses that 
advertise quick and easy solutions to credit problems. But 
do not be misled. There are no instant solutions. Although 
some credit counseling businesses "guarantee results or your 
money back," you may find that there are hidden strings 
attached or that the company is gone when you want your 
money back.  
There are steps you can take to help solve your credit 
problems. However, solving them takes time, patience, and 
some understanding of the law. This brochure may help you. 
It explains why your credit history is important, how to 
build a credit history and establish credit, and what can be 
done to improve a bad credit history. It also suggests ways 
to help deal with debts you may have, possibly by using a 
nonprofit Consumer Credit Counseling Service.