People don't know who Lexis Nexis is so le's learn right now and why its important to get your information from them. now remember just because the information is there does not mean its right.  If you ever wanted to know all of your life's history this is the one that will give it to you.  This is the big boy of your credit reporting information as well as a lot of your life's information, it has files on you all the way back to when you got your 1st job and much much more so let 's go.
Files kept"
Employment
Homes you have owned
Autos, owned and paid off
Repoed
​Accidents
Marriages
Divorces
Education
Traffic tickets
Felonies,
Sex offender records,
Bankruptcy
Family member names
Mortgages
Deeds
Military Service 
Arrest records
Evictions
Business you may have owned
Addresses
​Phone Numbers

You name it, its there now keep in mind this information is free to you, it will come to you in a large envelope and its eye opening.

You wonder why you can't repair your credit this is why, there are 2 other companies reporting your information as well as  the main 3 and banks which use Check Systems, that's another story.  Now when you receive this report it will as well give you sign in information and a pass word if you wish to continue on line, I personally am a letter writer I want back up.  You need to go through the report page by page and correct all the information that is not correct meaning not yours or you want them to prove and delete, its not going to be easy and will take time but remember its your credit.

Once you do this you will need to contact the other two Sage Stream and Innovis and ask them to correct the information as well, so at this point you going backwards because you have to hit the mother load 1st.
This can be time consuming and if you have the time its well worth it, of not contact me 702 444-0345 today.

When asking for corrections on your credit reports always mail it certified, never dispute on line as you have no way of back tracking. A certified  letter is the best way sent, you have no way of tracking a phone conversations or doing it on line through a bureau site, keep a copy of the letter and the certification.  People think its easy to remove items from your report and its not, remember you going to get the " this debt has been verified and will remain on your report until".  Now to me its the run around the standard letter sent back to you, remember they need to prove the debt and how they investigated it, by law that is your right. 

There has been times that a bureau will contact the creditor or collection company and they will contact you, but once again they need to prove you owe the debt. I would not even  admit the debt then, just ask them to send you all and any information regarding the debt such as billing payments etc,  DO NOT  GIVE ANY PERSONAL INFORMATION,  Collection company's  can't always prove the debt so its important to put everything in writing certified. 

These things are all important as you may need to back up your claim or claims when sending it to the Consumer Protection Agency if need be. If you need to move further you now have your certified mailings along with the information they sent to you, letters don't lie with proof.
Its important to even send certified letters to creditors asking for settlements or payment adjustments so that nothing changes in the agreement. 
Its going to take time its not an over night thing and never let anybody tell you it is. 

                                                            Lets get ready to explore  E-Oscar,

E-Oscar is a web based compliant automated system that  enables Data Furnishers (DF) and the credit reporting agencies (CRAs) to respond to different type's of consumers dispute.  The agency was created to alleviate the growing amount of manpower needed to process consumer claims of mistakes on their credit report.

The bureau receives a report and a representative enters it into the system, its turned into a 3 digit dispute code. Now the codes can go from.. 001- Not his/her..002- belongs to another individual with same/similar name ..019 include in the bankruptcy of another person and many more. There are 29 different three digits codes that the representatives can choose from which is not always correct.

Once the system E-Oscar receives the data, a formal credit dispute is created. The information is then sent to the data furnishers via an Automated Consumer Dispute Verification ( ACDV) form who supply the credit bureau with your information. 

Sometimes as an addition to the codes that best fit the dispute, there is an explanation included.  E-Oscar gets the data, the system creates and records a formal dispute, that information is fed out to the other bureaus. Did you know more than one-third or 34% of Americans have found a least one error on their credit report, so you need to pull your report yearly its free. You may as well sign up for one of the services it does cost to see your report but its available to you when you want.   And remember  if its free you get what you pay for.
 
Repairing your credit is not easy and there will be set backs but you must forge ahead, it can take months its not done over night.  Look for my next  post on which letters to be sent out first.
                                               See me on Facebook at Denied Credit Repair
                                                  contact me at whybedenied@yahoo.com.   


 


 

I get clients all the time who have used at least 2 credit repair companies as well as trying to repair their own credit.  This could be a problem and here is why.

1.
 Not sure what you or another company has said in regards to disputing  items on the report, you may have said its not yours when anybody with eye can say it is.
Now you go to another company and tell them something entirely different regarding that item, remember they keep track of your responses.

If your going to repair your credit yourself, then do it yourself, do not expect credit repair companies to put your broken puzzle together when you have lost the pieces.  Remember its also going to take time so it can take up to 8 month or more depending on the debts, if they are multiple, they need to be taken off each bureau as well.

Got questions I have answers write me and get real facts.
  

Are you watching the housing market? were you at one point looking to purchase a home?  Well I know a lot of you wish you had done it earlier, but all is not lost, there's still a chance.
​There are some things that you need to accomplish to put yourself into a positive position meaning cleaning up your credit.

Pull your report and go over it with a fine tooth comb as they say.
                         1. Names need to be  corrected that are not yours or misspelled
                        2. Remove old addresses
                        3. Remove Inquiries that are not yours
                        4. Remove old phone numbers 
Why your asking?  When you have multiple names there could be a mistake or someone trying to commit fraud under your name.  Address can be touchy because if they are connected to a mortgage and it was paid on time, that's history don't touch it. 

Inquires you can fight off, if you were lied to in regards to maybe trying to get a credit card and the furnisher told you it was a soft pull, there is a difference between hard pull and soft pulls.
Remove old phone numbers, it makes you look unstable when you have lots of them over a short period of time.  If you move a lot its the same with addresses, would you loan someone money if they moved every 6 months to a year?.  You need to think like a lender, so start now its not to late, if I'm right you need to be ready for a housing melt down. 

'Before you either write a check or use your credit card to pay you need to know how to do it.  Ok so now you have been contacted by either the creditor or a collection company, ** note** there are two different ways of handling this.

If its the creditor and its within the statue of limitations you can either settle it for less them or pay it in full.  Now the original credit can work that out as they still hold the debt and a lot of times they have their own collection department within the 120 to try and collect.  I love it when I can deal directly with them as 95% of the time you can get a deletion letter as the are the holder of the debt. Your going to make a deal with them asking them to delete it from the account if you pay it either way, they can as they are the ones who put in on the file to the bureaus anyway.

Past the 120 days its most likely in the hand of a collection company, they may have been calling or have written you.  You have some choices if you have not previously spoken to them and given your information to them which would start the debt from that point.  Now they can hold the debt as well, each state has a statue of limitation any where from 2-5 yrs, they really start calling when it gets to that point. 

You can settle with them if your trying to move on and how desperate you are to clean up your credit, how large the debt is and your funds.  So you  1st need to check your credit report gather all your information on that debt, is it yours? keep in mind it needs to be proven to be and how much time do you have to fight it. You can answer the call and if you do never give personal information, you name is fine you do not need to give them middle names we are not helping them prove this date.  They by-law have to say, "This is a call from a debt collector", at that point listen, they will go into asking for your social Security number, ** Do not give it** they might ask for your full name, they should have it so ask them what they have not giving any middle names,  let them at that point know that your not understanding why your receiving this call and if they need to please contact you by mail, letter form.  If they ask for the address let them know since your calling this number you should have it, bid them a great day and hang up.

If they write you, write them back certified mail requesting proof of the account they are showing, you want when the account was opened, any late payments they say you had when it was closed and the original  creditor and contract with a wet signature.  90% of the time they can't supply it because they bought the account and they buy them in batches, I have seen most debts are way out of the statue of limitation and they go through old files which I call ZOMBIE DEBT and try to trick you into reviving the debt by speaking to them.

**Note by law a collection does not have to send you a PAID DELETION letter as it must come from the original creditor, problem is they sold the debt so the collection company now who owns it.  I have found that they will depending on how you paid it post it on the bureau as "paid settled for less them" or " paid as agreed".  Paid as agreed to who, couldn't be to the original debtor as they show on the report lates and discharged, and by law once again this collection company can't change the reporting.

So Now you need to or want to settle,  Start low, never start high as you can always move up a little but never backwards, know how far you are willing to go and stick to your guns. Ask them to send you all the information's to your e-mail before you send any  money. ** Note you have no credit card** so your not going to be paying over the phone, never ever let them into your person bank account or pay with a card as its your word on payment in full against theirs.  Tell them I will send a certified check, work that out as far as them receiving it and don't forget to write in the memo PAID IN FULL. 

** Take a picture of the front of the check and back, the envelope and certified mailing receipt for your records drop it in the mail.  Good luck to you all and if you have any questions any questions call me 702 325-3861

Don't let so called credit repair company's tell you that just removing items will get you into a home or auto today, its not true.  Credit is based on history 1st and how you pay your bills, its going to take time a lot of time.

You must rebuild your credit, correcting items that are wrong such as names, addresses and if an account is really yours. An account can be out of the statue of limitations meaning in your state guide lines and you can have  to many inquiries. All of these things can bring down your score so all of these items can hold you back. 

Pull that credit report and go over it, start disputing the items not yours with back up, do not dispute on line but in letter form certified.  When you buy a car know your score before you go in and tell them not to shot gun your credit. Stop applying for credit cards you know you do not qualify for, you can go on line and find a card best for your credit score and you have a better chance on getting it.
 Always pay before the due date and if not paid off down to at least 30%.

Always ask when applying for anything what the interest rate is and always read the fine print, an hour of reading is better then a life time of pain. 
​
Credit Karma is not an accurate score reporting  company, remember you get what you pay for but it gives you an idea what's on the report.

Interest rates are down below 2.9% today as I write this, and  its a great but are you really getting the best deal, it depends on who you ask.
Here in Las Vegas house were selling like hot cakes, we were once again in a bidding war and they are saying its a housing shortage. My question is this, is it really and if so, will and if the market crashes what happens to the price of homes because there will be a flood of foreclosures.

Now this is what I see, yes if you could get into a home its a great thing especially at a great interest rate but there are a couple of thing you need to look at. Because the rates are low everyone may not qualify for it, it depends on your credit of course FHA is the way to go.  I look at and listen to both sides of the coin,  the 1st side is yes I'm going to get a low rate but a much smaller home for my money so in the future will I be upside down because at some time the rates will rise. You will then have  people who may not want a smaller home at a higher rate.

Let's take an example.. I pay $300.00 for a home that in normal situations would give me a home at about 2300 a square foot average.  Today with low rates it would be about 1700 a square foot, so now you  have sacrificed  footage for a rate, is that smart?  I'm not saying not to buy I'm telling you what's going on.

You need to think about this and why and ask yourself, is this your 1st home and are you a 1st time home buyer, are you single and how long will you stay in that home? There are reasons to buy such as it may be better then renting an apartment and maybe your going to rent it out later making an  additional income, in that case your as they say golden. Remember home purchasing is something that is suppose to start you on your way  to wealth.** You never buy the highest priced home on the street and intend to make money when you sell **   Some people might think, I got a great rate "lol" but did you get great footage that's my question.  

So to sum it up let me know if you think because the rates are great are you getting the best deal.