Where do I begin???
Date: Wed, 11/07/2007 - 15:34
Where do I begin? Start with the past due? Start with the charge off? Should I try to have to past due accounts reopened?
I just need someone to point me in the right direction...
First off review the laws associated with these accounts at the
First off review the laws associated with these accounts at the ftc website. You want to become familiar with both the FCRA and the fdcpa. Once you understand that we can start with credit bureau disputes.
If you are just starting credit repair, you must start with the
If you are just starting credit repair, you must start with the basics.
This is a very simple break down of the steps you need to take in the beginning.
1. Order reports directly from ALL 3 CRAs - If you cannot afford to purchase them you can get your free annual report.
*Please keep in mind that disputing with a free annual report gives the CRA more time (45 days). It is not wise to dispute with these because it will lessen your chance for a deletion.
2. Opt out
3. Update/Delete any personal info with the CRAs
*Have as much as possible removed. It would be ideal to only have your current address. No variations of name, addresses or socials. No need for employment information or phone numbers. It is not necessary.
4. Wait until 2 & 3 take effect (give opting out about a week) and READ in the meantime.
*Read up on your state laws, the FCRA, fdcpa and the FCBA
5. Triage your reports.
*Go to Why Chat's site and find out the SOL for your state. Figure out which accts are out of SOL and start with those. You determine if the acct is out of SOL by the DOFD (date of first delinquency). Please be aware that disputing any accts that are still within SOL could possibly wake up a sleeping giant and you can be sued. So proceed with caution and make sure you understand what you are doing first.
6. Dispute with CRAs
*You can do a blanket dispute (dispute everything). Some have luck with this. OR just dispute 3-4 at a time.
Whatever you decide, you must wait until the investigation is over before disputing any more (30+5 days for regular report disputes/45+5 days for disputing with the free reports)
7. Now you WAIT..........and READ.
