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Welcome to The Bad Credit Blog
(for Good people with Bad Credit to repair)
The Bad Credit Blog

GOT BAD CREDIT?  NEED TO CLEAN BAD CREDIT FAST TO GET THE LOAN, CREDIT CARD, MORTGAGE, REFINANCE, CAR, JOB, OR APARTMENT THAT YOU WANT? HERE'S A COLLECTION OF FREE CREDIT REPAIR SECRETS THAT MAY HELP! 

 

link to this site

       Table of Contents (click to view):
          

          
INTRODUCTION: WELCOME TO THE CREDIT DOCTOR BLOG!
          TWO THINGS YOU NEED TO KNOW ABOUT CREDIT REPAIR

          YOUR CREDIT REPORTS
          CREDIT SCORING
          HOW TO GET COPIES OF YOUR CREDIT   REPORTS
          REVIEWING YOUR CREDIT REPORTS
          HOW TO READ YOUR CREDIT REPORTS
          SUMMARY OF WHAT TO LOOK FOR
          STATING YOUR DISPUTE
          SAMPLE DISPUTE LETTER
          DEALING WITH NEGATIVE (BUT CORRECT) INFORMATION ON YOUR   REPORT
          SEVEN STEPS TO BOOST YOUR FICO SCORE
          A SUMMARY OF YOUR RIGHTS UNDER THE FAIR CREDIT REPORTING ACT

         
WHAT IS THE BEST CREDIT REPAIR SOFTWARE?       

Additional articles

How to become a debt free Christian
2 Smart Credit Solutions
bad-credit-repair-software

This information provides credit information, not legal advice.  For legal advice, please see an attorney.  Visit our site for more Free Tips and Free Demo Downloads. Written by Credit Doctor ©2006-2007 Credit-Aid Software – All  Rights Reserved


Do you know what your credit score really costs you??

Your monthly payments can be over 40% higher with a low score!  

YOUR CREDIT SCORE

*ADDITIONAL COST
TO YOU

 720+      

$0

700-719

$7,000

675-699

$30,100

620-674

$86,450

560-619

$143,640

500-559

$182,200


 

 

 

 



*Based on a 30 year $200K loan @ 5.6% interest

 

 

INTRODUCTION: WELCOME TO THE CREDIT DOCTOR BLOG 
         

It’s as simple as this: 

  • 1 A  better credit report will raise your credit score.          
  • A  higher credit score will get you a lower interest rate.         
  • The  lower your interest rate – the more money you will save.          

You can repair your  Credit quickly.  You can have negative  misinformation wiped away from your reports, you can negotiate with creditors  to remove negative postings and lower your payments, and you can raise your  credit score higher so you can get the loan that you want at the low interest  rated you deserve.  All it takes is  perseverance, a positive attitude and knowledge.  You’re reading these tips and that’s good  positive start. 

Just remember:  If every single day you do at least one (1)  thing to better your credit, you will generate momentum to bring you closer to  your goal.

I hope you enjoy this  booklet and find it useful!  Good luck to  you on your journey to better credit.

-  Credit Doctor



             
TWO THINGS YOU NEED TO KNOW ABOUT CREDIT REPAIR

               
  1. Credit Repair Companies are very expensive.  They can charge anywhere from a few hundred dollars to thousands.  You  do not need to pay a credit repair company a lot of money to repair your  credit.  Anything they can do for you,  you can do for yourself for free or little cost.
                   
                        
  2. You do not need a Software Program  to repair your credit.  However, there is  an awful lot of letter writing and record keeping involved, and an inexpensive  program to help automate the process and point you in the right directions can  literally save you hundreds of hours and aggravation and can keep you  organized, so you never again find yourself in a credit nightmare.

         

 

YOUR CREDIT REPORT  

A credit report is the   equivalent of a consumer's financial report card. It details your credit history   as it has been reported to the credit reporting agency by the lenders who’ve   given you credit. Your credit report lists the types of credit you use, the   amount of time your accounts have been open, and if you pay your bills on time.

Your credit report is used   by many different companies to make decisions about you. Credit card companies,   Banks, mortgage companies, auto loan and insurance companies, also landlords and   employers check credit reports to check on your credit history. Why? They know   that if you were responsible in the past, you are likely be responsible in the future (and vice versa).

 

CREDIT SCORING

“Credit scoring” of is a   system creditors use to help determine whether to give you credit, and how much   to charge you for it.  When you apply for credit, the creditor or lender will often request   your report (or credit score) from one of the big three bureaus (Equifax,   Experian and Trans-Union).  In   some instances, however (such as when applying for a Mortgage), the broker or   lender will pull reports from all three. These Bureaus grade your “credit   worthiness” by calculating your credit history against a system called the Fair   Isaac Model.  Fair Isaac uses a variety   of factors to determine your score, such as; your bill-paying history, the   number and type of accounts you have, late payments, collection actions,   outstanding debt, and the age of your accounts.

The final outcome of those   calculations is referred to as your FICO® score.  FICO® scores range from 300 to 850, but the   majority of scores fall between the 600s and 700s. Higher scores indicate a   lower credit risk.  A FICO® score above   700 will get you a very good mortgage rate.    A score above 720 will get you an excellent rate.  A score below 700 will make it very difficult   for you, and definitely should be worked on.

Correcting mistakes on a   credit report in order to repair an undesirable credit score takes time. It's   your responsibility to correct mistakes that may appear in your credit report.   To do this, you must regularly obtain copies of your credit reports, and contact   each of the big three credit reporting bureaus to correct any   misinformation.

 

HOW TO GET COPIES OF YOUR CREDIT REPORTS

The three nationwide consumer reporting companies Equifax,  Experian and Trans-union are the three major bureaus that maintain credit  reports on you.  To order your reports,  you simply write or call them at the numbers below. 

You are also eligible  for Free Credit Reports once a year.  
             
Requests for free Annual Reports are not made to the bureaus  themselves, they are made to their Combined Service.  You can order your free reports online  instantly thru creditdoctorsoftware.com or complete an Annual Credit Report Request Form and mail  it to: Annual Credit Report Request Service, P.O. Box 105281, Atlanta,   GA 30348-5281.   With the new laws, you are now entitled to one free copy from each of the  nationwide consumer reporting companies every 12 months.

You need to provide your name, address, Social Security number,  and date of birth. If you have moved in the last two years, you may have to  provide your previous address. To maintain the security of your file, each  nationwide consumer reporting company may ask you for some information that  only you would know, like the amount of your monthly mortgage payment. Each  company may ask you for different information because the information each has  in your file may come from different sources.

There are also other circumstances which will allow you to  receive free credit history reports.  Under federal law, you're entitled  to a free report if a company takes adverse action against you, such as denying  your application for credit, insurance, or employment, and you ask for your  report within 60 days of receiving notice of the action. The notice will give  you the name, address, and phone number of the consumer reporting company.  You're also entitled to one free report per year if you're unemployed and plan  to look for a job within 60 days; if you're on welfare; or if your report is  inaccurate because of fraud or identity theft. Otherwise, any of the three  consumer reporting companies may charge you up to $10.00 for another copy of  your report within a 12-month period.

To buy copies of your credit history report, contact:

Equifax
800-685-1111
        
Experian
888-EXPERIAN (397-3742)
        
Trans Union
800-916-8800
         

Under state law, consumers in Colorado,  Georgia, Maine,  Maryland, Massachusetts,  New Jersey, and Vermont already have free access to their  credit reports.

 

 

REVIEWING YOUR CREDIT REPORTS 

Recent studies by a Public   Interest Research Group found that over 70% of credit reports contain errors.   Incorrect information in your credit file lowers your credit score. As the   result you get a higher interest rate when you: take a loan, open a new credit   card account, lease a car, etc.  29% of   the credit reports in this study contained even more serious errors that could   result in the denial of credit. These errors included false delinquencies,   public records, judgments and credit accounts that did not belong to the   consumer.  Sometimes these errors are the   work of sloppy data entry, but it is also often due to the ever growing epidemic   of identity theft. 

Since your Credit Reports   are used to determine IF you are to be given credit (and what rates you will be   charged), it is in your best interest to examine your reports carefully, correct   inaccurate information and make every effort to remove ALL Unfavorable   information.  If you see problems on your   report, such as an unpaid bill that you simply forgot about, act right away to   resolve the debt. Then ask that creditor to send a letter to the credit   reporting agencies stating that the matter has been resolved. 

Check for accounts you   didn’t open, charges you haven’t made, and delinquencies you didn’t cause. If   you suspect fraud on one of your reports, contact that credit bureau   IMMEDIATELY. Explain the situation and ask them to place a fraud alert on your   file. Also report the fraud to the police.

Your credit reports follow   you throughout your life and can help you greatly -- or hurt you. Review them   carefully!

 

HOW TO READ YOUR CREDIT REPORTS     

The bulk of the report will   be filled with credit information showing the following:

1). Identification Information  The first   thing listed will be your name, date of birth and Social Security number. These   are used for identification. Employment information may also be listed.  As well as current and past addresses,   spouse's name (if you're married) and date of birth are also listed for further   identification. 

 2). Public Record Information -- Data from   federal, state or county court records. Bankruptcies, liens or   judgments and other types of claims.    Info listed will be; Date filed, court case number, amount, status and   date settled.

3). Collection Agency   Information --    A collection is an account that has been turned over to a   collection agency by one of your creditors because you have not paid the account   as agreed.  Listed here are; Collector’s   name, originating creditor/client, original amount, balance due and account   number.

4). Credit Information  -- This   section makes up the bulk of the report.    It will include Mortgage, Installment, Revolving, Other, Open and Closed   Accounts.  It will also list Accounts in   Good Standing, Accounts Currently Past due and Negative Account History.  Merchant/Creditor name, Subscriber Number,   account number, Date opened, Date closed, Current Balance, Highest credit limit,   Highest amount of credit used, and your Repayment   History.  Your Repayment History is shown   as a string of numbers showing your payment history.

With each credit account,   you will see listed the account’s status and history.  They are generally marked as   follows;

         • Current Account - "Account   Open" or "Closed in Good Standing"
         • Closed Account - Credit   Account Closed
         • Paid Account - Closed   Account or Zero Balance
         • Credit Account Reinstated   - Previously Closed Account Now Available for use
         • Foreclosure - Collateral   sold to collect Defaulted Mortgage
         • Collection Account -   Credit Account Assigned to Collection Agency
         • Inquiry - your credit   information was requested by this Company or Creditor 

5). Inquiries that   display

All authorized and   legitimate requests to see your credit history. 

6). Inquiries that DO NOT   display

These inquiries are   displayed only to you and are not considered when tabulating  your   credit score. Examples of this inquiry type include a pre-approved offer of   credit, insurance or periodic account reviews by an existing   creditor.

7). Consumer Statements

If for some reason you   cannot prove that a negative item is an error or if you are having a   disagreement with a certain creditor, you have the right to tell your side of   the story in 100 words or less. This statement will be ADDED to your   report.

 

Bad Credit?  Clean it fast with Credit Repair Software! 
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SUMMARY OF WHAT TO LOOK   FOR IN YOUR CREDIT HISTORY REPORT   

Credit Reports seem rather cryptic at first, but once you see how they are laid out they will start to make sense. These are the important things to examine:

               
  1. Make sure your personal Information is correct
                   
                        
  2. Make sure your accounts are listed correctly
                   
                        
  3. Make sure your credit lines are listed correctly
                   
                        
  4. Make sure your balances are listed correctly
                   
                        
  5. If YOU closed an account, it should say “Account closed BY CONSUMER.”
                         

  

STATING YOUR   DISPUTE    

Make certain that all   information is current and accurate, including the Personal Identification   information (address, social security, etc…). If you find an error (for example,   a loan that you have PAID OFF is still listed as outstanding), tell the Credit   Bureau (in writing) EXACTLY what the mistake is, and explain the way that the   information SHOULD be listed. For example, "My Loan to Bank of Fred is NOT   outstanding. It was paid in full on 02/14//05."    Send photocopies along with all the necessary information to backup your   claim.        

After you have done this   send it to the credit bureau by "CERTIFIED MAIL." When the credit bureau   receives your report and the information in question, they are required to   investigate and ADVISE YOU of the results of their investigation. They must do   this Free of charge.

Anytime that you are denied   credit you have the right to know why.    If you are turned down for a credit account at a store, you will receive   a statement from the store stating that you were denied credit and their reason   why. If the store based their decision on your credit history, they must provide   you with the name and address of the agency that reported it.

If for some reason you   cannot prove that a negative item is an error or if you are having a   disagreement with a certain creditor, you have the right to tell your side of   the story in 100 words or less. This statement will be ADDED to your report.

When correcting items on   your credit report, you have the right to demand that the credit bureau send   corrected copies of your report to all creditors who have received the incorrect   reports for the past six months. Note: Credit bureaus will not do this   automatically! They will only do it if you ask.    So make sure you ask.  It’s your   right!

 

SAMPLE DISPUTE LETTER  

Here is a sample letter with   sample dispute items.  Use the ones you   need and delete the rest.

Your Name
Your Address
City, State   Zip
Your Date of Birth:
Social Security Number:
Credit Report   Number: ____________

Credit Bureau   Name
Credit Bureau   Address
City, State   Zip

Today's   Date

Re: Letter to Remove Inaccurate Credit Information – Credit Report #__________________

To Whom It May Concern:

I received a copy of my credit report and found the following item(s) to be errors. See the attached copy of my credit report, the errors have been highlighted.

Here as follows are items in error:

Incorrect Personal Information:

XXXXXXXXXXXXXXXX                                       

Correct Personal Information:

XXXXXXXXXXXXX

The following accounts below are not mine:

Creditor's Name
Account Number                     

Explanation:

The account status is incorrect for the following accounts:

Creditor's Name
Account Number     
Correct Status:

The following information is outdated.  I would like it   removed from my credit history report: 

Creditor's Name
Account Number

Date of Last Activity

The following inquiries are more than two years old and I would like them   removed:

Creditor's Name      
Date of Inquiry

These inquiries   below were not authorized:

Creditor's Name      
Date of Inquiry

Explanation

The following accounts were closed by me and should state that:

Creditor's Name      
Account Number

Other   information I would like changed:
             
Explanation

By the provisions of the Fair Credit Reporting Act, I demand that these items be investigated and removed from my report.

It is my understanding that you will recheck these items with the creditor who has posted them.    Please remove any information that the creditor cannot verify.

I understand that under 15 U.S.C. Sec. 1681i(a), you must complete this reinvestigation within 30   days of receipt of this letter.  Please send an updated copy of my credit report to the above address. According to the   act, there shall be no charge for this updated report. I also request that you please send notices of corrections to anyone who received my credit report in the past six months.

Thank you time and help in this matter.
             
Sincerely,
         

_____________________________________
[Signature]


Make sure you send this   letter by certified mail.  Enclose a copy   of the credit report containing the items you are disputing.  It may also help to circle the items.  Also include copies (not originals) of any   paperwork you may have that validates your claims.

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DEALING WITH NEGATIVE INFORMATION ON YOUR REPORTS (AND COLLECTION AGENCIES)

Despite popular belief, it   is often possible to negotiate removal of negative items on your credit reports   posted by creditors.  In some cases, you   might not even have to pay them the full amount owed*. The important thing is to be positive, be patient and get in contact with them to try to work out a deal.

If you've ignored (or never received) a creditor's bills or phone calls, or if you failed to keep up with   payments, your bill may be turned over to a collection agency.  Keep in mind that collection agencies are   hired by the creditor and their only goal is to collect the money owed (or as much of it as they can) as quickly as possible.  For their efforts, they are paid a percentage of what they collect. 

If you feel that the amount in question is being billed in error, you have the right to ask for proof and   verification of the charges.  If the charges are indeed yours it may be in your best interest to negotiate with the collection agency.  You may be able to negotiate payment of the total sum (or even a partial amount) in return for their removing their negative marks on your Credit History Report.  You might be able to settle on paying a portion of your debt, or you might be able to work out a payment installment plan with them.  Many of the Creditor letters in the STOREROOM  can be used with collection agencies for these situations.  Whatever deal you make with them, be sure that you have it all in writing prior to paying them.

Collection agencies can be very aggressive when it comes to collecting money.  Remember that you have rights.  You have the right to ask a collection agency stop contacting you, especially if you feel harassed. Use these letters below to give yourself breathing room while working through your plan to reorganize your   finances.

*See the letters in the Storeroom section.

 

SEVEN STEPS TO BOOST YOUR FICO SCORE          

               
  1. Correct   all inaccuracies on your Credit Report.  
                   
    Go through your credit reports very carefully. Especially look for; Late payments, charge-offs, collections or other negative items that aren't yours, Accounts listed as "settled," "paid derogatory," "paid charge-off" or anything other than "current" or "paid as   agreed" if you paid on time and in full, Accounts that are still listed as   unpaid that were included in a bankruptcy, Negative items older than seven years   (10 in the case of bankruptcy) that should have automatically fallen off your   report (you must be careful with this last one, because sometimes scores   actually go down when bad items fall off your report. It's a quirk in the FICO   credit-scoring software, and the potential effect of eliminating old negative   items is difficult to predict in advance).    Also make sure you don’t have duplicate collection notices listed.  For example; if you have an account that has   gone to collections, the original creditor may list the debt, as well as the collection agency.  Any duplicates must be removed!
                 
                        
  2. Make sure   that your proper credit lines are posted on your Credit Reports.  
                   
    Often, in an effort to make you less desirable to their competitors, some creditors will not post your proper credit   line.  Showing less available credit can   negatively impact your credit score.  If   you see this happening on your credit report, you have a right to complain and   bring this to their attention.  If you   have bankruptcies that should be showing a zero balance…make sure they show a zero balance! Very often the creditor will not report a “bankruptcy charge-off” as a zero balance until it’s been disputed.   
          
  3. If you   have any negative marks on your credit report, negotiate with the   creditor/lender to remove it.
                     
    If you are a long time customer and it’s something   simple like a one-time late payment, a creditor will often wipe it away to keep   you as a loyal customer.  If you have a   serious negative mark (such as a long overdue bill that has gone to   collections), always negotiate a payment in exchange for removal of the negative   item.  Always make sure you have this   agreement with them in writing.  Do not   pay off a bill that has gone to collections unless the creditor agrees in   writing that they will remove the derogatory item from your credit report.  This is important; when speaking with the   creditor or collection agency about a debt that has gone to collections, do not   admit that the debt is yours.  Admission   of debt can restart the statute of limitations, and may enable the creditor to   sue you.  You are also less likely to be   able to negotiate a letter of deletion if you admit that this debt is   yours.   Simply say “I’m calling about   account number ________” instead of “I’m calling about my past due debt.”    
                                                                                                             
  4. Pay all   credit cards and any revolving credit down to below 30% of the available credit   line.  
                   
    The scoring system wants to make   sure you aren’t overextended, but at the same time, they want to see that you do   indeed use your credit. 30% of the available credit line seems to be the magic   “balance vs. credit line” ratio to have.    For example; if you have a Credit Card with a $10,000 credit line, make   sure that never more than $3000 (even if you pay your account off in full each   month).  If your balances are higher than   30% of the available credit line, pay them down.   Here is another thing you can try; ask your   long time creditors if they will raise your Credit Line without checking your   FICO score or your Credit Report.  Tell them that you’re shopping for a house   and you can’t afford to have any hits on your credit report.  Many will not but some   will.
              
                        
  5. Do not   close your old credit card accounts. 
                   
    Old  established accounts show your history, and tell about your stability and paying   habits.  If you have old credit card   accounts that you want to stop using, just cut up the cards or keep them in a   drawer, but keep the accounts open. 
              
                        
  6. Avoid   applying for new credit. 
                 

    Each time you apply   for new credit, your credit report gets checked. New credit cards will not help   your credit score and a credit account less than one year old may hurt your   credit score.  Use your cards and credit   as little as possible until the next credit scoring. 
              
                        
  7. Have at   least three revolving credit lines and one active (or paid) installment loan   listed on your Credit Report.
                     
    The scoring system wants to see that you maintain a   variety of credit accounts.  It also   wants to see that you have 3 revolving credit lines.  If you do not have three active credit cards,   you might want to open some (but keep in mind that if you do, you will need to   wait some time before rescoring).  If you   have poor credit and are not approved for a typical credit card, you might want   to set up a “secured credit card” account.    This means that you will have to make a deposit that is equal or more   than your limit, which guarantees the bank that you will repay the loan.  It’s an excellent way to establish   credit.  Examples of an installment loan   would be a car loan, or it could be for furniture or a major appliance.  In addition to the above, having a mortgage   listed will bring your score even higher.                    

Throughout this process, always remember:

It takes up to 30 Days for   any of these things to get reported and often longer to reflect on your Credit   History Reports.  It feels like a slow   process, but hang in there, because it DOES work.  This tedious process can be made much simpler   with the automated help of Credit Doctor™ Software www.creditdoctorsoftware.com.  stores your user information to merge into its database of letters, saving you many long hours of letter writing.

Bad Credit?  Clean it fast with Credit Repair Software! 
http://www.credit-aid.com/ 

A SUMMARY OF YOUR RIGHTS UNDER THE FAIR CREDIT REPORTING ACT 

The Federal Fair Credit Reporting Act (FCRA) promotes the  accuracy, fairness, and privacy of information in the files of consumer  reporting agencies. There are many types of consumer reporting agencies,  including credit bureaus and specialty agencies (such as agencies that sell  information about check writing histories, medical records, and rental history  records). Here is a summary of your major rights under the FCRA. For more  information, including information about additional rights, go to www.ftc.gov  or write to: Consumer   Response Center,  Room 130-A, Federal Trade Commission, 600    Pennsylvania Ave. N.W., Washington,   D.C. 20580.

• You must be told if information in your file has been used  against you. Anyone who uses a credit report or another type of consumer report  to deny your application for credit, insurance, or employment - or to take  another adverse action against you - must tell you, and must give you the name,  address, and phone number of the agency that provided the information.

• You have the right to know what is in your file. You may  request and obtain all the information about you in the files of a consumer  reporting agency (your "file disclosure"). You will be required to  provide proper identification, which may include your Social Security number.  In many cases, the disclosure will be free.

You are entitled to a free file disclosure if:           

  • a person has  taken adverse action against you because of information in your credit report         
  • you are the  victim of identify theft and place a fraud alert in your file         
  • your file  contains inaccurate information as a result of fraud         
  • you are on  public assistance         
  • you are  unemployed but expect to apply for employment within 60 days.          

You have the right to ask for a credit score. Credit scores are  numerical summaries of your credit-worthiness based on information from credit  bureaus. You may request a credit score from consumer reporting agencies that  create scores or distribute scores used in residential real property loans, but  you will have to pay for it. In some mortgage transactions, you will receive  credit score information for free from the mortgage lender.

You have the right to dispute incomplete or inaccurate  information. If you identify information in your file that is incomplete or  inaccurate, and report it to the consumer reporting agency, the agency must  investigate unless your dispute is frivolous. See www.ftc.gov for an  explanation of dispute procedures.

Consumer reporting agencies must correct or delete inaccurate,  incomplete, or unverifiable information. Inaccurate, incomplete or unverifiable  information must be removed or corrected, usually within 30 days. However, a  consumer reporting agency may continue to report information it has verified as  accurate.

Consumer reporting agencies may not report outdated negative  information. In most cases, a consumer reporting agency may not report negative  information that is more than seven years old, or bankruptcies that are more  than 10 years old.

Access to your file is limited. A consumer reporting agency may  provide information about you only to people with a valid need -- usually to  consider an application with a creditor, insurer, employer, landlord, or other  business. The FCRA specifies those with a valid need for access.
You must give your consent for reports to be provided to  employers. A consumer reporting agency may not give out information about you  to your employer, or a potential employer, without your written consent given  to the employer. Written consent generally is not required in the trucking  industry. For more information, go to www.ftc.gov.

You may limit "prescreened" offers of credit and  insurance you get based on information in your credit report. Unsolicited  "prescreened" offers for credit and insurance must include a  toll-free phone number you can call if you choose to remove your name and  address from the lists these offers are based on. You may opt-out with the  nationwide credit bureaus at 1-888-5-OPTOUT (1-888-567-8688).

You may seek damages from violators. If a consumer reporting  agency, or, in some cases, a user of consumer reports or a furnisher of  information to a consumer reporting agency violates the FCRA, you may be able  to sue in state or federal court.

Identity theft victims and active duty military personnel have  additional rights. For more information, visit www.ftc.gov

 

 

WHAT IS THE BEST CREDIT REPAIR SOFTWARE?

It's Credit Doctor, of course! Credit Doctor™ automates the process of cleaning up your credit. Ease of use and powerful features make it the best credit repair software available. (learn more)

Bad Credit?  Clean it fast with Credit Repair Software! 
http://www.credit-aid.com/ 

Automate the process of cleaning your Credit.  Easy Wizards guide you to: Get Free Credit Reports Instantly online, Generate  Letters, Remove Errors and Negotiate with Creditors.  Includes Organization  and Planning Tools, Financial Calculators and useful Tips.

*Credit Doctor Software™ is a "stand-alone" easy-to-use software program that you install and run on your own computer. Your user data  is safely encrypted, remains stored only on your computer and is NOT transmitted over the Internet. Your standard end-user license will allow up to five users.  If you are in need of a commercial version,  contact us.

**Credit Doctor Software's™  intended use is to automate the processof cleaning up errors in your credit history reports and negotiating with creditors.  Credit Doctor Software gives Credit Information, not legal advice. For questions about specific issues regarding your credit, please consult an attorney.

Excellent - 5 Stars" - Softpedia
"Critic's Choice! 5 Stars" -  Credit Software Reviews
"50 Sta
rs" - Tucows User Rating


 

 

 

 

 

 

 


Q: WHAT IS THE BEST SOFTWARE TO FIX BAD CREDIT?

A: IT"S CREDIT DOCTOR SOFTWARE: REPAIR BAD CREDIT REPORT.

The very best Credit Repair Software is Credit Doctor: Repair Bad Credit Report.

It’s as simple as this: 

  • A better credit report will raise your credit score. 
  • A higher credit score will get you a lower interest rate.
  • The lower your interest rate – the more money you will save.

You can repair your Credit quickly.  You can have negative misinformation wiped away from your reports, you can negotiate with creditors to remove negative postings and lower your payments, and you can raise your credit score higher so you can get the loan that you want at the low interest rated you deserve.  All it takes is perseverance, a positive attitude and knowledge.  You’re reading this book, and that’s good positive start. 

Just remember:  If every single day you do at least one (1) thing to better your credit, you will generate momentum to bring you closer to your goal.

Bad Credit Repair

FACTS:

"Credit repair companies often claim that they can 'clean up' or 'erase' a bad credit. Before you pay for their services, which can range from hundreds to thousands of dollars, there are several points that you should consider. Under the Fair Credit Reporting Act, credit repair companies cannot do anything that you cannot do for yourself at little or no cost." Federal Trade Comission www.ftc.gov

A study conducted by US Public Interest Research Group (US PIRG) showed the following shocking results: “79% of the credit reports surveyed contained either serious errors or other mistakes of some kind. These errors result in lost jobs, denied mortgage applications, and higher interest rates for those who do obtain credit.” U.S. PIRG web site  http://uspirg.org

CRedit Doctor Repair Bad Credit ReportCredit repair programs do work to fix bad credit. If the programmer and interface designer are fluent in the laws, a bad credit program can be quite effective. Bad credit report repair software is not a science, but it is a timesaver. You can repair bad credit and you can fix a bad credit report yourself without a credit program, but really bad credit will take many letters and tedious days and weeks, where as a program can automate the process considerably.You can have bad credit erased and you can do it legally and quickly.

For bad credit help and bad credit advice we recommend reading our free booklet "Boost your FICO score in 7 easy steps." Bad credit remove self esteem. Bad credit repair can improve your way of life greatly. A bad credit report simply means that you have a bit of work in disputing items to the Credit Bureaus Equifax, Experian and Transunion. A public interest group recently did a study that showed these staggering facts: 79% of all Credit Reports contain errors...and it's mostly errors that are the reason for a bad credit score.You do not have to fall victim to bad credit loans, bad credit refinance orbad credit mortgage. An improved report rating score will qualify you for loans and refinancing at much lower rates. Bad credit software will rapidly boost fico ratings and boost fico scores.

The Credit Doctor program and credit doctor software will help you with your credit repair, and use every legal means to erase bad credit quickly. Fast credit repair is the benefit of using our software to fix bad credit ratings and fix bad credit scores. You can certainly fix credit and fix credit reports and improve bad credit on your own, but it helps to have a vast knowledge of the law. Credit Repair software has the added benefit of being co-written and approved by lawyers. Our knowledge of the law and the Fair Credit Reporting Act whill help you to improve fico scores, and improve a low credit score and raise fico scores. With our program, you can easily remove bad credit, repair bad credit rating and fix bad credit report with the click of a mouse button.

On our blog we give hundred of free tips, help and advice to repair bad credit scores, and repair low credit scores effortlessly and easily, because our program is fully compatible with all three major bureaus: ,Equifax, Experian and trans-union (aka trans union). All itr takes is downloading your free Credit Reports from Annual Credit Report Service and you will have free credit reports. Once you have the free reports in your hands and have our $49 program, you will be able to do for yourself for close to nothing what you would have to pay hundreds or thousands of dollars to companies like lexington law.

Credit Doctor™ stores your user information, generates letters and automates the process of cleaning up your credit. State-of-the-art animations and wizards guide you through: Ordering Free Credit Reports, Removing Errors and Negotiating with Creditors. Includes Organization and Planning Tools, Financial Calculators and useful Tips. Ease of use and powerful features make it the best Credit Repair software available.

As they say on the Federal Trade Comission www.ftc.gov. A Credit Repair Company cannot do anything for you that you cannot do for yourself for free or little cost. The best Credit Repair Company...is yourself.

Credit-Aid Software is available at http://www.credit-aid.com/ and retails for $29.95. Credit-Aid is so certain that you will be happy with the results you achieve, that they offer a full refund if you are not satisfied.'

SEVEN STEPS TO BOOST YOUR FICO SCORE:

  1. Correct all inaccuracies on your Credit Report. 

    Go through your credit reports very carefully.  Especially look for; Late payments, charge-offs, collections or other negative items that aren't yours, Accounts listed as "settled," "paid derogatory," "paid charge-off" or anything other than "current" or "paid as agreed" if you paid on time and in full, Accounts that are still listed as unpaid that were included in a bankruptcy, Negative items older than seven years (10 in the case of bankruptcy) that should have automatically fallen off your report (you must be careful with this last one, because sometimes scores actually go down when bad items fall off your report. It's a quirk in the FICO credit-scoring software, and the potential effect of eliminating old negative items is difficult to predict in advance).  Also make sure you don’t have duplicate collection notices listed.  For example; if you have an account that has gone to collections, the original creditor may list the debt, as well as the collection agency.  Any duplicates must be removed!

  2. Make sure that your proper credit lines are posted on your Credit Reports. 

    Often, in an effort to make you less desirable to their competitors, some creditors will not post your proper credit line.  Showing less available credit can negatively impact your credit score.  If you see this happening on your credit report, you have a right to complain and bring this to their attention.  If you have bankruptcies that should be showing a zero balance…make sure they show a zero balance! Very often the creditor will not report a “bankruptcy charge-off” as a zero balance until it’s been disputed.
  3. If you have any negative marks on your credit report, negotiate with the creditor/lender to remove it.

    If you are a long time customer and it’s something simple like a one-time late payment, a creditor will often wipe it away to keep you as a loyal customer.  If you have a serious negative mark (such as a long overdue bill that has gone to collections), always negotiate a payment in exchange for removal of the negative item.  Always make sure you have this agreement with them in writing.  Do not pay off a bill that has gone to collections unless the creditor agrees in writing that they will remove the derogatory item from your credit report.  This is important; when speaking with the creditor or collection agency about a debt that has gone to collections, do not admit that the debt is yours.  Admission of debt can restart the statute of limitations, and may enable the creditor to sue you.  You are also less likely to be able to negotiate a letter of deletion if you admit that this debt is yours.   Simply say “I’m calling about account number ________” instead of “I’m calling about my past due debt.”    
                                                                                         
  4. Pay all credit cards and any revolving credit down to below 30% of the available credit line.  

    The scoring system wants to make sure you aren’t overextended, but at the same time, they want to see that you do indeed use your credit. 30% of the available credit line seems to be the magic “balance vs. credit line” ratio to have.  For example; if you have a Credit Card with a $10,000 credit line, make sure that never more than $3000 (even if you pay your account off in full each month).  If your balances are higher than 30% of the available credit line, pay them down.   Here is another thing you can try; ask your long time creditors if they will raise your Credit Line without checking your FICO score or your Credit Report.  Tell them that you’re shopping for a house and you can’t afford to have any hits on your credit report.  Many will not but some will.

  5. Do not close your old credit card accounts. 

    Old established accounts show your history, and tell about your stability and paying habits.  If you have old credit card accounts that you want to stop using, just cut up the cards or keep them in a drawer, but keep the accounts open. 

  6. Avoid applying for new credit. 

    Each time you apply for new credit, your credit report gets checked. New credit cards will not help your credit score and a credit account less than one year old may hurt your credit score.  Use your cards and credit as little as possible until the next credit scoring. 

  7. Have at least three revolving credit lines and one active (or paid) installment loan listed on your Credit Report.

    The scoring system wants to see that you maintain a variety of credit accounts.  It also wants to see that you have 3 revolving credit lines.  If you do not have three active credit cards, you might want to open some (but keep in mind that if you do, you will need to wait some time before rescoring).  If you have poor credit and are not approved for a typical credit card, you might want to set up a “secured credit card” account.  This means that you will have to make a deposit that is equal or more than your limit, which guarantees the bank that you will repay the loan.  It’s an excellent way to establish credit.  Examples of an installment loan would be a car loan, or it could be for furniture or a major appliance.  In addition to the above, having a mortgage listed will bring your score even higher.

Throughout this process, always remember:

It takes up to 30 Days for any of these things to get reported and often longer to reflect on your Credit History Reports.  It feels like a slow process, but hang in there, because it DOES work.  This tedious process can be made much simpler with the automated help of Credit Doctor™ Software www.credit-aid.com.   Credit-Aid™ stores your user information to merge into its database of letters, saving you many long hours of letter writing.

Bad Credit Repair

 

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Additional Articles from other contributing writers:

How To Become a Debt Free Christian

from Sharon

If you are facing mounting debts and dream of becoming a debt free Christian, do not be disheartened as there are ways to do so. There are millions of individuals across the country who find themselves sinking deeper and deeper into debt. The situation has only got worse as debtors keep charging the individuals late fees, over limit fees, and higher interest rates. Remember that becoming debt free is not easy and takes a fair amount of time, but once you learn the lessons, you can remain debt free forever.

5 Steps to become debt free

You cannot become a debt free Christian overnight. It requires a lot of determination, patience and time to gain financial independence. The following 7 steps can help you to become debt free:

  1. Set a financial goal – Setting a financial target is important as it tells you where you want to be. Make sure that you set a goal that you can achieve and that has long term benefits.
  2. Determine your total debt – Ignoring your debt would not reduce your debt amount. So, determine your total debt amount before you can set a plan for yourself.
  3. Set up a debt management plan for yourself – Once you have set your goals and determined your total debts, it is time to develop a personal debt management plan. It is your way to becoming debt free. So, make sure that you set up a budget that you can afford. Keep your financial goals in view while setting up a plan.
  4. Negotiate with your creditors – Now that you have a debt management plan at hand, it is time to look for short cuts. So, look out for ways to reduce your debt amounts by negotiating with your creditors. Not all will agree, but its worth a try. Make sure that all the settlement amounts are agreed on paper and that you have the proper documents for future reference.
  5. Moniter your plan – You must keep a close watch at your plan so that you are able to modify it as and when required.
  6. Live debt free – This is most vital thing that you need to follow after you become completely debt free. Learn from your mistakes and manage your finances better in future to avoid getting into debt again.

If you follow the steps mentioned above, you'll be able to become a debt free Christian and return to a simpler lifestyle.