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A disputed credit listing must be verified as accurate for it to remain on the credit report. If the credit listings contains an error, the credit bureau may simply correct the item, but. very often, disputed credit items cannot be verified because either the creditor either no longer possesses n...
    Many "credit repair" companies claim to remove negative credit with the flick of a wrist. Their advertisements make bold assertions and money back guarantees; "Bankruptcy, tax liens, judgments, . . . no problem!! One hundred percent guaranteed!! Credit report 100% cleared in 30 days!!" Can t...
  On this issue, there is much confusion. Almost every so-called credit repair expert has a different opinion regarding the actual credit reporting period allowed by law Most negative listings may be kept on your credit report for a period of 7 years beginning on the date that you were last repor...
Understanding Your Credit Score Your Credit Score is used by anyone that plans on lending money to you. Credit card companies, home equity lenders, auto loan lenders and finance companies all use a model created by Fair, Isaac and Co, the San Rafael, California company that pioneered credit scor...
      Credit Cards Most if not all prime credit cards are entirely out of reach to consumers with bad credit. And the few credit cards that are available to them (known as "sub-prime" cards) typically require exorbitant setup fees or recurring monthly fees, offer very low credit lines, often requ...
 Disputed Items Can't Be Sold!!!!!!!      Disputed items cannot be sold or placed for collection (eff. Dec 1, 2004): Once creditors have been notified of blocked items by the CRA, they cannot sell those items, transfer them, or place them for collection. §1681m(f), FCRA.    
Do not max out your credit cards.      One of the ways the credit scoring algorithm looks at your balance speaks about an individual card.  If you are maxed on one credit card then that is one kind of negative. Depending on when the credit card company reports to the bureaus even balances that yo...
     Do not miss monthly payments.     I haven't calculated how quickly your score will fall, but you do have the possibility to lose up to a hundred points in a short period of time.  One consumer who wished to do a re-finance had this issue, when his score was checked it was in the low 600's wh...
When the FCRA was revised by FACTA, they put in a section for "Expedited Dispute Resolution" Section 611a(8) aka the on-line dispute system. If you read that part you will notice this sentence:"the agency shall not be required to comply with paragraphs (2), (6), and (7) with respect to that dispu...
  Chart for statute of limitations - DEBTS   State OralAgreements WrittenContracts PromissoryNotes OpenAccounts Alabama 6 6 6 3 Alaska 6 6 6 6 Arizona 3 6 5 3 Arkansas 3 5 6 3 California 2 4 4 4 Colorado 6 6 6 6 Connecticut 3 6 6 6 Delaware 3 3 6 3 D.C. 3 3 3 3 Florida 4 5 5 4 Georgia 4 6 6 4 Haw...

Brian C. Aber

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