How To Fix Credit Report Errors When All Else Has Failed
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Larry Klein
Mar 31, 2013, 12:20:02 PM3/31/13
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Article Title: How To Fix Credit Report Errors When All Else Has Failed
Author: Larry Klein
Word Count: 696
Article URL: http://www.isnare.com/?aid=1828699&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1828699
Easy Publish Tool: http://www.isnare.com/html.php?aid=1828699
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Did you see the 60 Minutes TV reporting the extreme amount of problems in consumer credit reports? Fort million people have errors in their credit reports. While a substantial number of these are errors get repaired through the regular channels of contacting the credit bureau, lots of people are unsuccessful in getting the errors removed from the credit reports. The result can be financially heart breaking:
a. Inability to secure a loan to get a property or perhaps an auto or schooling
b. A reduced credit score requiring increased payments for loans you can obtain
c. Continuing hounding from creditors in the case of identity theft
The issue is that the credit reporting bureaus will just take the consumer's grievance and pass it along for the creditor, i.e. the lending company. The financial institution then sends back a notice to the credit bureau that the data in the credit bureau's records coincides with the information of the lender. Case closed. So the advice for consumers to commence writing the credit reporting agencies to correct problems in their credit history is simply a waste of time because the credit bureaus will fix nothing and only report what the creditors tell them. The much better course of action is to go directly to the financial institution to fix credit files.
Naturally, in the most cases, your lender will just report that their documents are correct so you, the consumer, are basically wrong.
I had this specific instance happen to me twice, with 2 well-known finance institutions. In both cases, I wasted many months trying to have the error corrected through the normal channels, initially with the credit reporting agencies and then directly with the creditors. I also employed a company which advertises prolifically as being able to fix to your credit rating problems and they simply duplicated the measures that I had already completed. I next found the best remedy. I sued the creditors and credit bureaus in small claims court.
This solution is immensely powerful for many reasons:
a. In some states, your lender won't be able to dispense with you as quickly as they want. Typically, any official court action is handled by their legal division and they have a well-organized procedure for replying through legal channels. However, in some states their overpaid legal professionals are of simply no value since law firms are not allowed in small claims court. So the creditor, in order to appear or even respond, need do so using their non-legal employees. This is undesirable and expensive for them since they lack a process for this. It's much easier for your financial institution to just repair your credit report.
b. In states in which they are able to employ their legal division to respond, the hardship for the creditor is that the response has to be by appearance at a small claims court hearing. This is costly because somebody may need to get on an airplane and invest plenty of time along with cost in handling your complaint. It's much easier for the financial institution to simply change your credit history.
c. Filing an official law suit may be the only way to obtain the attention of a person with brains or authority at the financial institution. Before you do so, you'll be working with clerks and automatons that just repeat the same company policy ad nausea and you get nowhere fast. Once you get the attention of thinking individuals, oftentimes it becomes quickly obvious to them, that they need to fix your credit file.
d. You get the interest of the correct individuals and make yourself a pain in their side for less than one hundred dollars, which is the typical expense of filing a suit within small claims court.
Thus, individuals can either waste weeks of energy and have plenty of despair and irritation or acquire my e-book that explains in detail how to effectively file the action in small claims court, get the suit to the correct folks and have one's credit report fixed within sixty days.
About The Author: Larry is a prolific blogger and speaker to the financial services industry (http://www.financial-speaker.com). You can get his step-by-step ebook on getting your credit report fixed fast at http://disputeyourcreditreport.us/ebook
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1828699
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Larry Klein
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1828699
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1828699
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: How To Fix Credit Report Errors When All Else Has Failed
Author: Larry Klein
Word Count: 696
Article URL: http://www.isnare.com/?aid=1828699&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1828699
Easy Publish Tool: http://www.isnare.com/html.php?aid=1828699
*********************** ARTICLE START ***********************
Did you see the 60 Minutes TV reporting the extreme amount of problems in consumer credit reports? Fort million people have errors in their credit reports. While a substantial number of these are errors get repaired through the regular channels of contacting the credit bureau, lots of people are unsuccessful in getting the errors removed from the credit reports. The result can be financially heart breaking:
a. Inability to secure a loan to get a property or perhaps an auto or schooling
b. A reduced credit score requiring increased payments for loans you can obtain
c. Continuing hounding from creditors in the case of identity theft
The issue is that the credit reporting bureaus will just take the consumer's grievance and pass it along for the creditor, i.e. the lending company. The financial institution then sends back a notice to the credit bureau that the data in the credit bureau's records coincides with the information of the lender. Case closed. So the advice for consumers to commence writing the credit reporting agencies to correct problems in their credit history is simply a waste of time because the credit bureaus will fix nothing and only report what the creditors tell them. The much better course of action is to go directly to the financial institution to fix credit files.
Naturally, in the most cases, your lender will just report that their documents are correct so you, the consumer, are basically wrong.
I had this specific instance happen to me twice, with 2 well-known finance institutions. In both cases, I wasted many months trying to have the error corrected through the normal channels, initially with the credit reporting agencies and then directly with the creditors. I also employed a company which advertises prolifically as being able to fix to your credit rating problems and they simply duplicated the measures that I had already completed. I next found the best remedy. I sued the creditors and credit bureaus in small claims court.
This solution is immensely powerful for many reasons:
a. In some states, your lender won't be able to dispense with you as quickly as they want. Typically, any official court action is handled by their legal division and they have a well-organized procedure for replying through legal channels. However, in some states their overpaid legal professionals are of simply no value since law firms are not allowed in small claims court. So the creditor, in order to appear or even respond, need do so using their non-legal employees. This is undesirable and expensive for them since they lack a process for this. It's much easier for your financial institution to just repair your credit report.
b. In states in which they are able to employ their legal division to respond, the hardship for the creditor is that the response has to be by appearance at a small claims court hearing. This is costly because somebody may need to get on an airplane and invest plenty of time along with cost in handling your complaint. It's much easier for the financial institution to simply change your credit history.
c. Filing an official law suit may be the only way to obtain the attention of a person with brains or authority at the financial institution. Before you do so, you'll be working with clerks and automatons that just repeat the same company policy ad nausea and you get nowhere fast. Once you get the attention of thinking individuals, oftentimes it becomes quickly obvious to them, that they need to fix your credit file.
d. You get the interest of the correct individuals and make yourself a pain in their side for less than one hundred dollars, which is the typical expense of filing a suit within small claims court.
Thus, individuals can either waste weeks of energy and have plenty of despair and irritation or acquire my e-book that explains in detail how to effectively file the action in small claims court, get the suit to the correct folks and have one's credit report fixed within sixty days.
About The Author: Larry is a prolific blogger and speaker to the financial services industry (http://www.financial-speaker.com). You can get his step-by-step ebook on getting your credit report fixed fast at http://disputeyourcreditreport.us/ebook
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1828699
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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