Online Credit Disputes – Top reasons to stay away.

Top Reasons To Write Your Disputes

Reason #1:- As most of you know, one factor you have on your side when disputing credit is time. The legal thirty-day limit is not a lot of time for a credit bureau, creditor, or collection agency to properly investigate a dispute. The Credit Bureaus online dispute system is set up in such a way that when you use it, it makes their job not only that much easier but cost efficient. The information you put into their limited dispute fields falls right into their electronic verification system. The online dispute system is making the process easier for the credit agencies therefore cutting down your chances of deleting the record drastically.

Reason #2: Zero Paper Trail: Any good attorney will tell you that “documentation beats confrontation”. By challenging something online you do not have a paper trail of the correspondence. This does not help you when the response you receive is not favorable and you need to challenge it again.

Reason #3: When the FCRA was amended a few years ago a few provisions were added in for our friends (me being ironic) at the credit agencies called “Expedited Dispute Resolution” Section 611a(8) the on-line dispute system. See below….

“…the agency shall not be required to comply with paragraphs 2, 6 and 7 with respect to that dispute if they delete the tradeline within 3 days.” You are probably wondering what this means so let me explain….

Paragraph 2 requires the CRA to forward your dispute and all related documentation you provide to the furnisher. This rarely happens and is a violation of the FCRA. This is additional ammunition that we can use to challenge something.

Paragraph 6 requires the CRA to provide you with written results of the investigation.

Paragraph 7 requires the CRA to provide you with the method of verification on request from the consumer.

Have you heard of something called a “Soft Delete”???

The Credit Reporting Agency (CRA) can delete a disputed trade line for 30 days, then, the trade line can reappear when the furnisher (creditor or collector) reports it again in the next cycle. That is because the CRA is not required to tell the furnisher you disputed it thanks to section 2 being omitted. This is sometimes called a “soft delete” and it is not permanent. This can be a major shock right before a mortgage refinance or purchase closing for many consumers when their credit is pulled right before a closing.

In addition, the consumer loses their right to request a “Method of Verification” (MOV) so you lose this powerful tool in the dispute process thanks to Paragraph 7 being omitted.

As always feel free to contact our office with any questions regarding the prospect of repairing your credit.

Nikitas Tsoukalis, President

Key Credit Repair

Dispute Comment Removal – How it’s done

Fast-Track
Dispute Comment Removal

Fannie, Freddie and our good friends over at HUD/FHA are no longer allowing any reference to a disputed account on credit for their automated underwriting system (DU & DO) and we’ve been getting quite a few calls and emails asking us how to quickly get around this.Some loan officers have been using a “rapid re-score” or “rapid update” process through their credit vendor but this could costs hundreds of dollars and could create unnecessary fees for your profit & loss and for the borrower.As a result we’ve designed a “FAST-TRACK” process to deal with this that will usually take between 24 and 48 hours to resolve and is completely FREE of charge!If you come across this issue please email myself at ntsoukalis@keycreditrepair.com or any of my team members with your borrower’s contact info and forward a recent copy of the credit report to them (they will need account info). We will contact them and take them through the steps necessary to resolve this.As always, please contact me direct with any scenarios.

Nikitas Tsoukalis, President

Additional Credit Solutions Anyone Can Use

Easy Credit history Maintenance and repair Solutions Anybody Can Use Does your credit report need some assistance? You can mend your credit history, however you have to do it. You could manage to get a charge card or a finance with much less than outstanding credit report, but the rate of interest will certainly likewise be less than outstanding. Follow these suggestions to obtain much better credit report! Be sure that you pay each one of your costs quickly if you are trying to take care of a bad credit report history. Don’t leave them up until the eleventh hour. Establish a timetable for when you pay your costs, and utilize some form of suggestion system to make certain that they all earn promptly. An advantage to do to get an excellent credit ranking is by opening an interest-bearing account. This will certainly let bank card firms recognize that you have the methods to spend for lending. This will certainly additionally provide them the suggestion that you are responsible when it concerns financial resources. An excellent suggestion for those people looking to fix our credit report, is to enroll in overdraft account security as well as insurance policy on our credit cards. In this manner our credit report is always in great standing and we will certainly not have to fret about surpassing the limitations on your cards and incurring significant costs. In order to obtain excellent credit history keep your equilibrium reduced enough to make sure that they are in a payable variety must something happen. Considering that then paying it off may be a challenge, do not make use of all the credit history available to you. Utilize your credit report modestly and also you will be fine. Think about talking with a credit report repair service counselor if you need to mend your credit. Several credit repair therapists can aid you have even the biggest financial obligations paid off in merely a few years. A counselor will recognize better than you what actions to take as well as just what stations to follow in consolidating your financial obligation as well as constructing new credit rating. If collector won’t work with you, closed them up with a recognition letter. When a third-party collector gets your debt, they are required to send you a letter explaining such. The collection company cannot contact you once more till they send proof that you owe the debt if you send out a recognition letter. Numerous debt collection agency will not trouble with this. You can sue them under the FDCPA if they don’t provide this evidence as well as get in touch with you anyway. If you are concerned regarding your credit report past, stay away from filing insolvency at all prices. Unless you have nothing else escape, it’s better to try to deal with your lenders to discover a method to repay your financial obligations. A personal bankruptcy will certainly stay on your credit report record for 10 years, so it will be hurting you for a long period of time. Screen your credit score by signing up for a monthly credit monitoring service. This offers you a chance to see exactly what is in your report and also understand your rating. You can additionally dispute things that you find that are incorrect in your record. You obtain notifications when something adjustments in your record or if your score modifications. Credit report repair work is possible, simply make certain you follow these valuable tips to obtain the most from your efforts. You don’t need to pay higher rates of interest. Offered time, you could have stellar credit rating as well as obtain fantastic rates on your lending and also bank card. You could be able to get a credit history card or a lending with less compared to stellar credit rating, yet the interest price will certainly also be less compared to stellar. If you require to fix your credit history, think about speaking with a credit maintenance and repair therapist. Several credit report repair counselors can assist you have also the largest debts paid off in simply a few years. Screen your credit rating by subscribing to a month-to-month credit monitoring solution. Offered time, you can have stellar credit rating and also get excellent rates on your financings as well as credit rating cards.

Credit Repair Reviews – Check out the latest

I was referred to *** and his company from a client of mine and all I can say is “WOW!”. Everything said about this company is true! They are outstanding. I have been using them since the end of February and in just this short amount of time, They have gotten a majority of derogatory files off my credit report and my FICO score has reached ***! Take it from me, my credit was in rough shape with debt and a foreclosure and all sorts of bad marks down in the low ***’s. I would highly recommend this service to anyone not knowing where to turn to improve bad credit! Unreal customer service and quick turn around time! Thank you! Check out our Better Business Bureau reviews for an unbiased review of Key Credit Repair.

788 Fico Score – Before and After

A great review from a client that stuck with it…788 Fico Score!!!

“THIS COMPANY WAS THE MOST PROFESSIONAL COMPANY I HAVE DEALT WITH.THEY CLEANED UP A BOGUS NEGATIVE ON MY REPORTS AND I NOW HAVE A SCORE OF 788.THERE WEBSITE IS AWESOME TO USE AND CHECK IN WITH ANY TIME I WANTED REVIEWS.I ALWAYS GOT A PROMPT RETURN CALL FROM THIER TEAM ANY TIME I HAD A QUESTION.I WOULD HIGHLY RECOMMEND THIS COMPANY FOR ANYONE TRYING TO CLEAN UP THIER CREDIT REPORTS”

Key Credit Repair Reviews

BBB Reviews

As always, feel free to contact our office to Sign Up for $0 Today.

https://keycreditrepair.com/

Fico vs. Fako – Credit Tips

“What is my real credit score? Really!”

10.24.2014 Key Credit Repair

This is a very common subject we cover and one of the most confusing thing in the credit industry. What are my real scores? How are they really calculated? Well, let me tell you. It’s more complicated then you might think. With the introduction of the Vantage score by transunion and the credit plus score by experian it just become a little bit more complicated.

Client: “I pulled my credit report online and the score my loan officer pulled up was completely different?”

Yes, there are multiple credit scoring formulas. The industry standard remains FICO but consumers are no longer given access to all 3 FICO scores (experian, equifax & transunion).

Click to read an article recently posted on msnbc https://keycreditrepair.com/

Remember, if you are in the market for a mortgage or any other loan product you can always review the details of your report by going to www.annualcreditreport.com but remember, only your lender can access all 3 fico scores. Start the process early so if you find that your FICO scores are too low you can quickly work on getting things up to par. It is truly never too early. The process of purchasing a home could take months and in some cases years. It is much better to be prepared early then trying to scramble to fix your credit after you’ve found a home.

Understanding FICO Scores For a Mortgage

Obtain a mortgage loan and you’ll soon come to be familiar with FICO scores. Below you will find a guide on the infamous FICO racking up procedure. This is the primary scoring formula used by fannie and freddie mac, the goverment agencies that insure and underwrite 80% of the mortgages in the United States.

FICO ratings are simply an algebraic portrayal of your credit document. Credit rating documents are just a recording of your possessions and financial obligations. Credit card equilibriums, for example, are a financial obligation that shows up on your credit history record, as do late repayments, bounced checks and more. Credit, obviously, is a substantial consideration in the mortgage loan process.

A “credit score” is a figure that stands for an overall evaluation of exactly how you handle credit rating and also the danger degree associated with offering you a lot more credit rating, to wit, a home loan. The funding underwriter will evaluate your credit rating guide for products such as settlement record on financial obligations, financial obligation balances and also sorts of credit rating you currently have. A summary of this information is stood for by an amount called you “FICO score.”.

FICO.

You may be shocked to discover that “FICO” does not mean any credit-related terms. Rather, it represents Exhibition, Isaac and Company. This company produced the algebraic formula that creates the much loved or disliked FICO credit scores. The FICO rating assigned to you determines whether you love or hate the formula.

FICO credit scores been available in a variety of three figure numbers. The most affordable FICO credit score you can get is 350. The highest FICO score is 850, a score for which lenders will bow at your feet. The higher your score, the much better your credit situation and the most likely a banking is to supply you with a mortgage loan.

Lots of people do not have excellent credit. To this end, we discover lots of people have FICO scores varying from the low 600s to the high 700s. Mortgage applications typically are not turned down due to a couple of late repayments.

You should always attempt to pre-qualify for a mortgage financing if you’re considering purchasing a residence. Getting a reading of your FICO credit score should be among the initial steps.

FICO credit scores are merely an algebraic portrayal of your credit rating record. The FICO score designated to you establishes whether you despise the formula or enjoy.

The greatest FICO credit score is 850, a score for which bankers will bow at your feet. To this end, we find many individuals have FICO scores ranging from the low 600s to the high 700s.

For more information and a breakdown of how FICO scores work and how they can affect your mortgage approval you can contact our office or Sign Up for $0 Today at a later time.

Nikitas Tsoukalis, President

Key Credit Repair

info@keycreditrepair.com

Credit Repair Company

Chexsystems : The Real Black List

Many of our clients find themselves struggling to open a bank account after they’ve fallen on hard times. Aside from clearing up your basic consumer credit profile (equifax, experian & transunion) you now have to worry about ChexSystems. ChexSytems is different from the BIG THREE in regards to what is actually being reported. 80% of the banking industry uses this system to report overdrafts, bounced checks and money owed from over withdrawn checking accounts. Chexsystems is starting to draw quite a bit of critism with consumers having very little direction as to how to get themselves removed from this “black list.” There is no scoring system involved and a bank has the right to keep a record there for 5 years after it’s been placed on the report.

There is always someone cashing in on the misfortune of others and the prepaid credit card scene has seen an explosion of growth in the last 5 years. While consumers struggle to win back their “Credibility” with banks and lenders they find themselves on the side lines when trying to open a just a basic checking. Celebrities like Russell Simmons having been cashing it in with his prepaid credit card alternative to the basic bank checking account, the rush card as described in this recent ABC news article. So far 1.5 million consumers once rejected by the banks and lenders have already gotten on board with the hip hope mogul’s prepaid credit card. Prepaid credit cards are now a billion dollar industry.

For more information on how to navigate CheXsystems feel free to contact our office.

Nikitas Tsoukalis, President

Key Credit Repair

Some kind words from a loyal client – Reviews

Thanks Sheri!!

I want to personally thank the team at Key Credit Repair for resolving the issues with my credit. I have always had stellar credit, and one small bill that was lost in the mail almost kept me from buying a home. I was referred to Key Credit Repair through my mortgage company and within two weeks of speaking to Nikitas, the deliquancy was removed from my credit report and my credit went from 692 to 802. I am now able to purchase a new home and even better, receive the best rates on the market. I couldn’t have tackled the credit agencies alone and will certainly refer key Credit anyone that has issues with their credit. Thank you again.

Sheri

More About Credit Restoration

Taking on Credit rating Repair service By yourself (Just what To Do And What Not To Do).

If you have just recently been rejected for a lending, or for a brand-new charge card, you may need credit history maintenance and repair. Being denied credit history is typically the outcome of a bad credit record, which can take place in two conditions. You have either managed your credit rating improperly, which has actually reflected in your credit report; or your credit report file has some incorrect items, thus negatively influencing your guide. In either scenario, it is vital that you embark on credit repair service as soon as possible.

TO CARRY OUT:.

Below is a strategy to help with your credit rating maintenance and repair. You could do this by yourself and can thus repair your credit free of cost.

-> Demand a copy of your credit history record from any kind of one of the 3 credit agencies. You will certainly be offered the report for cost-free if this is your very first request of the year.

-> Once you have your record, analyze it carefully. You need to examine all the access as well as mark all those which are incorrect as well as which are harming your credit report worthiness.

-> After you have figured out the incorrect entrances, you need to get in touch with the credit reporting firms and also inform them to remove the incorrect entrances from your guide.

-> Also if there are some correct entries in your credit record, but these are adverse in nature, you can still acquire them removed. This would certainly go a lengthy means in making certain credit history repair. There is a certain time limit for which adverse entrances can stay on your record (often in between 7 and also 10 years). You must compose to the credit history bureaus to remove the negative items from your guide if such time limit has passed.

-> Ensure that all your correspondence with the credit companies and firms is through signed up mail. By doing this, you have proof of your demands and when exactly you launched the process of your credit report repair service. Keeping a record will likewise help you in situation any sort of removed access is re-included in your guide anytime in the future.

-> Within 30 days, some activity ought to have been taken pertaining to the wrong choices on your report. If the credit rating agencies determine that the entries were in fact wrong, they will certainly eliminate it from your record, therefore causing the credit report repair service that you wanted.

In situation the matter is not solved to your satisfaction, you ought to continue challenging the choices on your report till such time that credit history maintenance and repair has definitely happened.

NOT TO DO:.

Individuals whose credit history is low or who have a bad credit history guide frequently attempt hopeless methods to mend credit rating and also therefore end up hurting their credit even more. A lot of the info offered on credit report maintenance and repair as well as credit history report maintenance and repair informs you what to do to restore excellent credit history. We will certainly inform you about some of the factors that you need to NOT do in order to fix bad credit report.

1. Submit Segregation: Several credit rating repair work firms tempt folks with the untrue assurances of bad credit maintenance and repair by telling them that they could develop a new credit report file for them by providing them a new identification. This is referred to as documents segregation. You require to recognize that such a process is not lawful and can even place you behind bars if you attempt to segregate your credit rating file to fix bad credit rating. Thus, no matter what any credit rating repair work company informs you – factors like you will not manage to get any type of loans or perhaps a credit card for the following few years, or that you will certainly not have the ability to get a task etc; under no conditions must you consent to the procedure of data partition to mend bad credit report.

Deleting accurate info from credit rating report: Some credit report maintenance and repair agencies make cases to people that they could repair credit history by acquiring exact details of a negative nature deleted from their credit reports, thus boosting their credit rating. Thus, you need to not trust anyone that informs you that they can fix bad credit rating by taking out adverse items from your credit rating record.

3. Development Repayments: No credit report repair work agency is legitimately allowed to request advance repayments. They could only bill for solutions that have currently been offered and not beforehand. Hence, you must NOT be absorbed by any company that wishes higher development repayments.

Folks whose credit rating rating is reduced or that have a bad credit record commonly try hopeless means to fix credit rating and also therefore finish up injuring their credit report even more. Many of the information available on credit rating rating maintenance and repair and credit guide repair work tells you exactly what to do to recover good credit. File Segregation: Several credit history repair firms draw individuals with the false guarantees of bad credit repair service by telling them that they can create a new credit history file for them by providing them a new identity. Thus, no matter what any type of credit history repair work business informs you – things like you will certainly not be able to get any type of finances or also a credit report card for the next couple of years, or that you will certainly not be able to obtain a work etc; under no circumstances need to you concur to the process of documents partition to fix bad credit rating.

Removing accurate info from credit guide: Some credit history repair work firms make claims to folks that they could repair credit history by acquiring precise info of an adverse attributes erased from their credit history guides, thus enhancing their credit history ranking.

Can a charged-off debt still be collected? – Q&A

People call and ask us this question when attempting to repair their credit. The answer is i simply….YES.

A creditor still has the right to collect on a debt after they have charged the debt off.
Most installment loan debts will be charged off 120 days after non payment.
Most other debts will be charge off 6 months after non-payment.
The IRS allows a creditor to take the charge off as a tax deduction against profits but contrary to popular belief the creditor can continue to collect the debt up to the specific statutes of limitations (varies state by state).

Here is a definition of a charge-off. Great info.

For more information on Credit Repair and how to properly deal with a charge off you and contact our company or feel free to Sign Up for $0 Today.

Nikitas Tsoukalis, President

keycreditrepair.com

BBB Review 6.18.13 – Reviews

Better Business Bureau

“I am very satisfied with the service I received from Key Credit Repair. My credit report history has been completely cleaned within 3 months. I had incorrect and old accounts information with the 3 main credit bureaus that needed to be reviewed or removed. The personal involvement of Nikitas Tsoukalis (the owner of this business, I assume) and all his team since the very beginning of the process has been essential for me to feel comfortable and put all my trust in this credit repair provider. That trust has been kept and even progressively improved along the process. I have always received good/relevant information, and experienced fast support/replies. This is a secure and very serious way to conduct businesses. I strongly recommend it. Thanks so much for your help!!!”

Carlos

More Tip on How To Fix Your Credit

Repair Your Credit rating By Adhering to These Simple tip

Bad credit rating does not take place overnight; it takes a while for the missed settlements to pile up. So when they do accumulate and also you’re left with a bad credit rating, it can take some time to sort everything out. Utilize this guidance to take care of your situation as well as make inroads right into the trouble.

A crucial suggestion to consider when functioning to mend your credit is to ensure that you just acquire choices that you REQUIRED. This is exceptionally vital because it is really simple to buy products that either make us feel comfy or far better concerning ourselves. If it will aid you reach your goal, re-evaluate your scenario and also ask yourself before every investment.

It is a bad idea to intimidate credit rating companies that you are attempting to negotiate with. You might be angry, however just make risks if you manage to back them up. Make certain to behave in a collective manner when you’re handling the debt collection agency and also creditors so you can negotiate with them.

You can evaluate your credit history guide for free of cost annually from the 3 credit agencies. Having the wrong information on your credit report can ruin your rating, or cause you to be rejected for a lending.

It is important to have 2 major credit card accounts open as well as reflected on your credit history guide. These accounts need to likewise have all the available credit history still on the cards. Having 2 significant charge card shows partnerships with Credit-card business, and as a result, without these relationships or with more than 2, you are considered a credit rating danger.

If you are struggling to make the repayments on your existing home loan, think about considering the option of funding modification. In a lot of cases a lender might have the ability to lower the interest rate that you had actually initially settled on. This process made use of to be just for houses that were in risk of repossession yet several lending institutions are now extending this solution to many others.

The better your credit report is the better prices you are getting from your insurance policy company. Pay your bills punctually each month and your credit score will increase. Decrease the amount of money that you owe on your charge account as well as it will increase even more and also your costs will decrease.

If you do not recognize why you have bad credit, there could be errors on your report. Get in touch with an expert who will be able to recognize these errors as well as officially fix your credit report record. Make certain to take action as soon as you believe a mistake on your record.

The globe provides little compassion for folks who have bad credit, that’s why it’s so essential that you take the necessary action to repair your credit report as soon as possible. Make use of the information you discovered right here to repair your credit score completely as well as get out of debt altogether.

An important pointer to think about when working to fix your credit is to be sure that you just get things that you NEED. It is a bad suggestion to threaten credit history companies that you are trying to function out a bargain with. You can access your credit history guide for totally free yearly from the three credit bureaus. It is crucial to have two major credit report card accounts open and also reflected on your credit record. Having 2 major credit rating cards shows relationships with Credit-card companies, and also consequently, without these relationships or with more compared to 2, you are watched as a credit report threat.

How to Choose A Credit Repair Service – Tips

Unlike many of our competitors we have a process of filtering each and every new prospective clients to make sure that they can benefit from our service. Everyone with a low credit score wants to repair their credit and a low fee of $99/month is very desirable but the reality is that not everyone is ready. We provide our clients with a money back guarantee so we want to ensure that our clients will absolutely benefit from our service.

Many times our clients need to pursue other options:

-Bankruptcy
-Debt Settlement
-Credit Counseling
-etc, etc, etc…..

When you inquiry with our company the first thing we will tell you is to hold the specific questions about your scenario until we have a chance to review the report with you first.. We take our time with the prospective client to better understand their goals and to better and more strategically come up with an action plan to repair their credit.

If we cannot help we will give our prospective client an action plan outside of our service including any necessary referrals.

With that said..Slow down. When comparing credit repair companies don’t just compare the website and the fees. Compare the information that you get in the consultation. This is typically the true indication of what the company is capable of.

p.s. If you find yourself knowing more than the credit repair consultant you’re speaking to about your report. Hang up. The most important part of the process is getting a “Credit Repair Expert”, not just a great sounding program.

For more information feel free to contact our office click here to Sign Up for $0 Today.

Best regards,

Niki

Nikitas Tsoukalis, President

Credit Repair Company