It needs to be made extremely clear that there is a difference between "credit repair" and what we call "credit rehabilitation."
credit repair is something routinely done by credit repair agencies and others. It involves untruthfully denying truthful
credit reporting information, creating multiple credit reporting files, using another person's Social Security Number, and
other questionable, and quite frankly, fraudulent or illegal practices. "Credit Rehabilitation" is the process of removing
any untruthful information from a person's credit file and then deliberately placing good, new credit in a person's file,
to create a "rehabilitated" credit file.
There are two simple steps to clean up a person's credit file. first, any outdated, inaccurate, and unverifyable; information
should be removed. Second, new good credit should be placed in the credit file by effectively using your credit over a period
of time. Once these two processes are complete, a person's credit file will be rehabilitated. Using these techniques, we have
had people tell us that they qualified to purchase a home, with A-credit, in as little as 2 years after a bankruptcy filing!
This process cannot be done overnight. In fact, it can take as much as a year or two to complete the process.
Good Financial Planning is the beginning of ensuring Financial Stability in your everyday life and it also
allows you to have Financial Independence so that credit never becomes an issue. Credit rehabitilation can be intimidating
and time consuming to some consumers; thus the need for our service. Unlike our competition, who promises to remove truthful
negitive information from a consumer's credit file we DO NOT MAKE SUCH PROMISES!.
The fair credit reporting act states that a credit reporting agency; by law must report only information
that is 100% accurate; and that a consumer has the right to dispute anything in their credit file that is not accurate.
Our area of specialization is in assisting consumers in identifying incorrect information in their credit
file; and then assisting the consumer in having those items removed. (please note the following excerpt from the fair
credit reporting act):
§ 611. Procedure in case of disputed accuracy [15 U.S.C. § 1681i]
(a) Reinvestigations of disputed information.
(1) Reinvestigation required.
(A) In general. If the completeness or accuracy of any item of information contained in a consumer's file at a consumer
reporting agency is disputed by the consumer and the consumer notifies the agency directly of such dispute, the agency shall
reinvestigate free of charge and record the current status of the disputed information, or delete the item from the file in
accordance with paragraph (5), before the end of the 30-day period beginning on the date on which the agency receives the
notice of the dispute from the consumer.
5) Treatment of inaccurate or unverifiable information.
(A) In general. If, after any reinvestigation under paragraph (1) of any information disputed by a consumer, an item of
the information is found to be inaccurate or incomplete or cannot be verified, the consumer reporting agency shall promptly
delete that item of information from the consumer's file; or modify that item of information, as appropriate, based on the
results of the reinvestigation.
We personally draft the dispute letters that make credit bureaus, collection agencies, and creditors comply with the fair
credit reporting Act! This is not something you can get from a credit repair kit or credit repair software where
you do it yourself. This is legal credit rehabilitation done by the book.
We will furnish you information on how to obtain a Tri- Merged copy of your credit file, from the major credit
reporting agencies (Equifax, Experian, and Transunion). They will be sent directly to you, after which you must
either fax or mail them to us inorder to continue this process.
Once we are in possession of your credit file, with your assistance we will audit the file for incorrect
information; as well as examine the process the creditor used to report the incorrect item(s) to the bureaus. We have found
that 99.9% of all creditors fail to comply with the hundreds of consumer protection laws under the fair credit
reporting act, thus violating consumer rights. The audit is designed to identify the incorrect items that are
responsible for bringing your credit score down. The next step would be for us to draft the proper letter(s) to dispute these
incorrect items on your behalf; to continue with the process. Although consumers have the right to dispute their own credit
file if they have the time and knowledge to do so; It is important to note that according to federal law, the credit bureaus
can terminate your dispute under the following:
fair credit reporting act
[15 U.S.C. § 1681i] Paragraph (3) Section (A)
(3) Determination that dispute is frivolous or irrelevant.
(A) In general. Notwithstanding paragraph (1), a consumer reporting agency may terminate a reinvestigation of information
disputed by a consumer under that paragraph if the agency reasonably determines that the dispute by the consumer is frivolous
or irrelevant, including by reason of a failure by a consumer to provide sufficient information to investigate the disputed
information.
It has been our experience, that a large part of dispute letters sent directly from consumers to the credit reporting bureaus,
are rejected for one reason or another.
The highly effective letters that we draft on behalf of consumers, have been proven over and over to WORK in correcting
incorrect items in credit files. These letters are drafted by us, and they are designed to make the credit laws work for you
the consumer.
When the credit bureaus recieve our letter (s) they are forced to TAKE ACTION or face serious consequences. Like
magic, they stop dragging their feet and show you the respect you deserve!
The time it takes to remove incorrect items from a credit file varies from case to case. It can take a minimum of 30 days;
or it can take up to 1 or 2 years depending on what's in the file. Our clients have the advantage of our experience behind
the letters we draft on their behalf; and the best part is that we work for you on a personal basis.
Even after you are satisfied with the work that we have done, we continue to offer advice and help you with new strategies
for your future financial well being.
We handle a limited number of clients at a time inorder to devote our full attention to every case on a personal basis.
The results we achieve, can be very rewarding to you financially; and save you thousands of dollars in interest from credit
cards or other loans. Our services will not end until you are 100% satisfied that your credit file(s) are restored
to their utmost potential.
Anything on a credit file can be legally corrected:
Late Payments
Charge Offs
Foreclosures
Judgements
Repossessions
Personal Identification
Closed Accounts
Bankruptcies
Negative Settlements
Liens
Collections
Note: (The above items are just a sample of the incorrect information that can be removed from a consumer's credit
file; if the consumer is not responsible for them).
Do you need more proof that incorrect information might be listed in your credit file? please read below.
The July 2000 issue of Consumer Reports cited a study where more than 50% of the credit files
checked contained errors. A more recent survey conducted by the US Public Interest Research Group found
that one in four credit files contain serious errors. There are two main reasons errors may appear in your credit file. One
is when you have been mistaken for another person with a similar name and their information ends up in your file. The other
more serious cause of error is fraud. Someone may have intentionally gained access to your personal information and obtained
credit in your name. Instances of identity theft are increasing. If you have been turned down for any type of financing, or
a credit card, you were denied because of something in your credit file. Our question to you is: was the information in your
file correct?.
How long does information stay in your credit file?
The fair credit reporting act details how long information can stay in your file.
Chapter 7 Bankruptcy:
10 years from date of filing.
Chapter 13 Bankruptcy:
7 years from date paid in full and 10 years if not paid as agreed.
Judgments:
7 years from date filed.
Foreclosure:
7 years from date foreclosed.
Collection accounts:
7 years from the date of delinquency with the original creditor.
Paid Tax Liens:
7 years from date paid.
Unpaid Tax Liens:
Indefinitely from date reported.
Trade lines (line of credit or loan):
10 years from the date paid in full or closed.
Charge offs:
7 years from date of original delinquency.
Closed accounts:
10 years from date closed if paid as agreed.
Payment Patterns:
Credit grantors typically do not consider payment history older than 2 years, but can remain on for as long as 7 years.
Credit Inquiries:
2 years (placed by you or a creditor)
Adverse information:
may remain up to 7 years from date of delinquency
Why not start the process of having your credit file audited now!! Unlike our competitors who make bold claims that they
can remove any type of negaitive information from your credit file only to wind up being NON-PERFORMERS AND SCAMMERS;
Young, Fleming & Young LLC; will GUARANTEE!! in writing that ALL incorrect, outdated, misleading,
and unverifiable, items in a consumers credit file can be LEGALLY removed; never to appear AGAIN.
