How To Restore Your Credit The Proper Way

Many people can find themselves with having a credit problem. It matters not your financial status. Bad credit is on purpose. The credit system was designed in order for the majority of consumers to have poor credit. The higher the credit the better rates one receives and the less money financial institutions make. The lower the credit of the consumer, the higher interest a financial institution may charge and thus more money may be made. It is not on purpose by the one with that credit, it is on purpose by the banks and credit system which was devised. Other countries do not have credit reports as we do in the USA. Their credit is based on their banking relationships an word of mouth.

Each time our credit is pulled, our score goes down. Does that make sense? If you want to obtain a "loan" to purchase a home, you will need the highest score possible. In this case you go to the bank and they pull your credit and the score goes down. Wow!!!

Sometimes companies may not inform you that you had a bill owed or did not record it. Without contacting you they may ding your credit and your score really goes down.

Do not fear though. Hope is near. Through the past five years, I have run a successful credit restoration organization. I would like to share with you, step by step the steps in which we use and even basic letters in which were use which work.

1. Obtain a copy of your credit report. It is free. The sample to send is below. Send one letter to each bureau.
2. The next step is to review the report once it is received in the mail. Use a highlighter and highlight anything which is negative, incorrect, and inquiries which you do not recognize or are over 2 years old.
3. Send your first letter out (below) to each bureau.
4. Await the reply from the bureau in 30-45 days. Send out letter two and so forth until your credit is as clean as a newly washed car.

Letters:

This letter is designed so you may receive a free copy of your credit report with no hassle.

Dear Equifax,

Please send a free copy of my credit report.

My name is __________________________

___I've been turned down in the last 60 days

___I'm Unemployed and plan to look for a job within 60 days.

___I'm on welfare

___My report is inaccurate because of fraud

___I live in

Enclosed is a copy of any documentation I have to prove my case mentioned above.

Signature

By: ________________________

Street______________________

City_______________________

State_______________________

Zip________________________

DOB_______________________

Social______________________

This is your first real letter to restore your credit rating. It is short and simpl. It states the law without going too much into it. This is typically used at first to get some simple things removed such as old debts etc.

January 1, 2007

According to the Fair Credit Reporting Act you are required to have verifiable proof of any account you list on credit report, otherwise anyone with the ability to report to you could fax or email in a fraudulent account. I demand to see what proof you have of the below listed accounts which are unverifiable. Your failure to verify has hurt my ability to obtain credit. I demand they be removed immediately!

Name Account # Please Verify

Amex 01180101501933... Unverified Account

Amex 0118010150939.… “

Amex 0118010150195.… “

Discover 601100.…. “

Chase 426684.… “

CBUSA 60353201589... “

Amex 0118010.… “

Sears 512107.… “

Amex 0118010.… “

Judgment 16117 Unverified Judgment

* Please add a temporary Fraud Alert to my account….contact me first to verify any accounts being opened!

* Please remove all inquiries over 30 days old.

* I do not consent to any of my information being given out or sold to anyone.

Thank You,

This is the second letter. This goes a bit more into detail on the specific laws and why your items need be removed. By not abiding by the law, the credit bureau now becomes liable for not removing something without proper validation.

Equifax

PO Box 105069

Atlanta, Georgia 30348

February 1, 2007

These items remain on my credit report. You are required by law to have a copy of the original creditors documentation on file to verify this information. You have NOT provided original documentation required under Section 609 (a)(1)(A) & Section 611 (a)(1)(A) AND 611 (5)(A) of the FCRA. The law is very clear for my remedy (section 617) if you fail to comply. Under the FCRA… remove them immediately!

Name Account # Please Verify

Judgment 16117 Unverified Judgment

Discover 601100.…. Unverified Account

Thank You,

This is the third of the letters. Again it states the laws and now becomes a bit more demanding in what actions you are able to take. You need not file a law suit but you are showing you have the ability to at this time.

Equifax

P.O. Box 740256

Atlanta, GA 30374

This is a delay tactic …I will sue under section 617 of the FCRA for every available amount I am allotted to receive by law. What do you think I requested in the first place? Under Section 609 (a)(1)(A) & Section 611 (a)(1)(A) AND 611 (5)(A) of the FCRA you are required by law to have a copy of the original creditors documentation ( a consumer contract with my signature on it ) on file to verify this information. I demand you complete the investigation I requested in January 2007 or I will file a formal complaint with the Attorney General’s Office and the FTC. You have until June 8th, 2007to complete your investigation and return an updated … corrected report.

Name Account # Please Verify

Discover 601100.…. Unverified Account

This is the fourth of the letters in which are used. It goes a bit deeper and creates a case in court if you so choose to pursue this action. It may and has, also scarred the bureaus to simply remove the items to avoid having to go to court over a single report.

Trans Union

P.O. Box # 2000

Chester, PA. 19022

Why do you send back a response that says, “ previously investigated “ ? YOU ARE REPORTING MY SENSITIVE FINANCIAL INFORMATION. You are NOT providing any PROOF ( a consumer contract with my signature on it ) that the accounts challenged listed are verifiable! MY FINAL COURSE OF ACTION WILL BE A FILING UNDER SECTION 617 OF THE FCRA FOR DAMAGES CAUSED BY YOUR NEGLIGENCE! This is the 4th time I have sent you a request for verifiable information and you have once again failed! Section 609 (a)(1)(A) & Section 611 (a)(1)(A) AND 611 (5)(A) of the FCRA requires verification!

Name Account # Please Verify

Amex 01180101501933... Unverified Account

Amex 0118010150939.… “

Amex 0118010150195.… “

Discover 601100.…. “

Chase 426684.… “

CBUSA 60353201589... “

Judgment 50001611... Unverified Judgment

Thank You,

Letter 5...this slams the nail in the coffin for a case if your report is not fixed by now. It is very demanding and works quite well.

Equifax

P.O. Box 740256

Atlanta, GA 30374

You have exactly 14 business days to make the changes below. I will file a formal complaint with the FTC and the Attorney General’s Office. This WILL get resolved! The law is clearly on the side of the consumer and you are violating reporting law! Under Section 609 (a)(1)(A) & Section 611 (a)(1)(A) AND 611 (5)(A) of the FCRA you are required by law to have a copy of the original creditors documentation on file to verify this information. How can you verify an account without documentation that the item challenged is actually mine? You can’t! The other credit bureaus have found it unverifiable and have removed it from my credit file. So again, how are you verifying this account? Remove it immediately!

Name Account # Please Verify

Discover 601100.…. Unverified Account

When you have a credit inquiry on your report, your score goes down 2-4 points. Each time you obtain a loan and the broker shops you around, your credit score goes down and down and down. Many times, companies you did not authorize to pull your credit do. This letter below asists in removing those inquiries and thus bringing those points back up.

Your Name Address City, State Zip Creditor Name Address City State Zip Date Re: Unauthorized Credit Inquiry Dear American Express, I recently received a copy of my Experian credit report. The credit report showed a credit inquiry by your company that I do not recall authorizing. I understand that you shouldn't be allowed to put an inquiry on my file unless I have authorized it. Please have this inquiry removed from my credit file because it is making it very difficult for me to acquire credit. I have sent this letter certified mail because I need your prompt response to this issue. Please be so kind as to forward me documentation that you have had the unauthorized inquiry removed. If you find that I am remiss, and you did have my authorization to inquire into my credit report, then please send me proof of this. Thanking you in advance, Jane Caveat-Debtor

You may at any time in which a credit bureau refuses to remove an item in dispute, add a statement. The statement below works wonders as it is citing a specific court case in which the credit bureau lost due to the credit bureau not following the law. Add this to your report and the bureau, on its own report on you, will be, in writing, admitting it is violating the law.

Trans Union

PO Box 2000

Chester, PA 19022

RE: 142737810

As you have stated and the FCRA permits; I wish to add a statement to the below accounts.

Roadloans.com 7987979.….

Transunion is in violation of FCRA Section 623

CUSHMAN, v. TRANS UNION CORPORATION US Court of Appeals for the Third Circuit Court Case 115 F.3d 220

June 9, 1997, Filed (D.C. No. 95-cv-01743)

Addresses for Bureaus:

Tansunion

PO Box 2000

Chester, PA 19022

Experian

PO Box 2002

Allen, Texas 75013

Equifax

PO Box 105069

Atlanta, Georgia 30348