Cutting up Credit Cards

We came upon the FUNNIEST Video – a lady dumps her credit cards into a blender to see if they will get ruined… it’s FUNNY – but might not be the best idea for someone who is trying to raise their score. There’s at least one kind of card you probably DO want to crunch [...]

We Can Erase Bad Credit – NOT

There are all kinds of reasons people need to improve their credit scores… maybe you want to buy a car, and don’t want to pay super high car payments.  Maybe you’re looking for a new job, and you can’t get an accounting job, or a teller job if you have low scores.  Maybe you want [...]

Congress Makes Changes To Credit Card Rules

Congress is watching out for us – and this time, it might really be a GOOD thing!  Credit card users can expect the most dramatic changes in credit terms, interest rates and fees in decades once a new federal credit card law fully goes into effect later this summer.  (to read the full Act, click [...]

IMPORANT CHANGES IN THE WAY YOU ARE SCORED

There are some misconceptions that if you look at your credit report, and there’s a missed payment 2 years ago – you should write a dispute letter.  I wouldn’t be so fast to do that. With the newest version of the FICO credit-scoring system, some minor delinquencies are now overlooked in calculating creditworthiness. Under the updated [...]

Sample Letter – Pay Debt Make It Disappear

Many people have some adverse credit items on an old account, or collection… and those accounts are really pulling credit scores down.The question becomes, can you get those accounts paid and the negative credit taken off?  The answer is MAYBE.  Here’s a sample letter you can use, that says (in essence) I’ll pay this debt [...]

Countrywide Mistakes Means Free Peek!

Countrywide had a data breech – leaving almost 2 million people “exposed!”  Or least, they might be exposed according to this post by Joey Aszterbaum in Hemet, California: “Countrywide Home Loans has revealed that there was a security breach and that people who have their mortgages with their company may have had their social security [...]

Disputing Liens and Judgements

“Gee Mom!  Look what I did to Sissy!”  Wow – sometimes we have marks all over our credit report too. If you have Liens or Judgements showing on your report, with inaccuarte information, you should most definately dispute those items.  The WAY you dispute them can be important in actually getting them removed.  As always, [...]

1-2 Punch Dispute Letters

So the first step in the dispute process was to write a letter regarding old addresses… Now that you have that back – the real work begins!  The next step is to look at the new reports for any old accounts with late payments on them.  Choose 3 or 4 and dispute those inaccurate items with a [...]

Your First Dispute Letter

Once you have a copy of your credit report, you need to sit down and start writing to the three credit bureau agencies.  In that first dispute letter you want to dispute: First you want to dispute old addresses, wrong addresses, wrong birthdays, aliases or misspelled names and old employment information.  Also include account disputes if [...]