Disputing Your Credit Report - How Can I Remove Negative Items From My Credit Report?

Disputing your credit report can be a time consuming process. Using the dispute process to remove negative items off of your credit report can be frustrating. Nevertheless, it is one of the best ways to get negative information off of your credit report. Starting with the basic dispute process is quite often the fastest and most effective way of disputing your credit report.

Now that you have your reports in front of you, make sure to check the personal information section and check that all entries are correct. Check your name, date of birth, present, and past address, current and past employer, and social security number. After you have verified your basic information, you should scan all three reports and circle or highlight any errors you find. Scroll down each report and check for any errors or discrepancies regarding accounts, or inquiries.

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Here are some important red flags to look for:

Disputing Your Credit Report - How Can I Remove Negative Items From My Credit Report?

When disputing your credit report look for discrepancies regarding accounts and inquiries:

Unauthorized users Customers listed as deceased Former spouse name Negative accounts from your divorce Negative co-signed accounts Unauthorized inquires Illegally re-aged collection accounts (which report an incorrect last date of activity) Foreclosure attempts Consumer credit counseling loan indications When disputing your credit report look for Discrepancies regarding balances and accounts Balances incorrect Credit limits listed incorrectly Duplicate collections Accounts listed incorrectly Credit lines not listed Paid accounts still showing that you owe Closed accounts shown open Closed accounts should say closed by consumer and not closed by the creditor

When disputing your credit report look for Discrepancies regarding negative trade lines:

Late payments, 30, 90, and 120 days Collections Charge offs Tax liens Judgments Debt consolidation marks Bankruptcies not saying withdrawn or dismissed Repossession indication when it should say voluntary surrendered

Now, before you start trying to repair your credit report, let me tell you what the law says about disputing your report.

The Fair Credit Reporting Act regulates how the credit bureaus handle your report under § 611. For procedures in cases of disputed accuracy [15 U.S.C. § 1681i], the law states that if you dispute the accuracy of any item or data in your reports, the credit bureau shall conduct a reasonable investigation within 30 days to determine if the challenged item is correct.

After the 30 days have expired, if the credit bureau has not verified or completed the investigation, the disputed item must be deleted. There you go, that is the law, and you will use it to start your dispute process.

When disputing your credit report, you can write your own dispute letter or use a standard dispute letter that you find on the internet. If you decide to write the letters, you must include your full name, date of birth, address, social security number, the items you're disputing, the reason you are disputing them and your signature at the bottom. Once you have your letter s are ready, send them to the following agencies:

Experian NCAC PO BOX 9701 ALLEN TX, 75013

Equifax PO BOX 105518 ATLANTA GA, 30348

Trans Union PO BOX 2000 CHESTER PA 19022

Disputing Your Credit Report - How Can I Remove Negative Items From My Credit Report?

Free Online Dating Websites - No Credit Card Required

You want free online dating websites, no credit card required. This article will tell you what few people know. You will learn the type of dating site and service to avoid. You will find out the best type of service to get results.

Do not - I repeat, do not - waste a moment of your time with the personals section of online classified sites. Why, you ask? These sites are a hunting ground for clever and unscrupulous marketers, selling everything from adult webcams and dating membership sites, to pills and devices that enlarge your penis. You write a personals ad on one of these sites and dozens of people respond. All - almost all, sometimes all - of the responders are marketers trying to sell you something. They get you to join a website to see their dating profile or fill out a form to see them on webcam. Please, do not be fooled. Avoid this type of service like you would swine flu!

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Another type of site to avoid is the "supposedly" totally free dating site. These sites are usually replete with fake profiles of, yet again, clever marketers trying to sell you something.

Free Online Dating Websites - No Credit Card Required

Now, of course, not all classified and free dating sites are no good. I'm just generalizing. In my experience, though, almost all are full of marketers trying to get you to reach for your credit card.

What I suggest to my friends - and anyone who will listen - is to join a free community at a major dating service. Take your pick. Most people are put off by the big dating sites because they have a paid service. They think they have to use a credit card or Paypal or something to join and use the features. This is just untrue. The big dating sites have communities for free members and for paid members. You upgrade to a paying member to get the benefit of more features.

Now the benefit of using these dating sites is they do not - I repeat, do no - have marketers hounding you. These services have clever software and teams of people who prevent it from happening. This means if you receive 200 emails from different women, they are all "real women."

Free Online Dating Websites - No Credit Card Required

I Have Bad Credit and Need a Credit Card

I have bad credit and need a credit card, but where to look? When I have bad credit and need a credit card, I can find a variety of lenders willing to provide me a credit line online. Having no credit, or a poor credit score will not slow you down from finding all the convenience and ease of financing with a charge card.

Available Charge Cards for Bad Credit

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You will have two options for a charge card when you are shopping with bad credit, namely a secured cards and unsecured cards. These two types of cards are often referred to by other names, but they amount to the same. Some of the names include:

I Have Bad Credit and Need a Credit Card

Secured Cards:

Stored value cardDeposit cardsPrepaid cardsPre-load cards

Unsecured Cards:

Charge Cards No Deposit Credit Cards Unsecured Charge Cards

Your two options to choose from when looking with no credit amount to whether or not you will have to put down a deposit, or an initial debit, to secure your credit line. A secured card requires you to either make a deposit or begin your account with a debit as collateral for the money you intend to borrow by making purchases. An unsecured credit line does not require this additional security measure but will typically charge higher interest rates to offset the additional risk.

Guaranteed Approvals - Apply Today

There are many easy to qualify for guaranteed charge programs that are willing to provide you another opportunity for building your score and establishing a good credit record. Modern living almost requires the convenience of a handy credit line for making purchases and providing extra security in times of cash crisis. Don't wait, start to rebuild your financial reputation today.

I Have Bad Credit and Need a Credit Card

Home Loans - The Minimum Credit Score Required For a Home Loan

There is no question about it, the real estate game has changed and getting a home loan is not as easy as it used to be. It wasn't so long ago that they were practically giving home loans away, but given the recent collapse of the real estate market, the requirements for getting a home loan have become much stricter. These days you need to show proof of income, the days of 100% down are all but gone, and the minimum credit score requirements are much higher than they once were.

The bottom line - as far as the minimum credit score requirements for a home loan goes - is that if your credit score is below 640 you're going to have a pretty hard time getting a home loan. That isn't to say that it's impossible. There are a good deal of bed credit home loan options out there, but you will have to jump through many more hoops and you will likely wind up paying a higher interest rate. It is always recommended that you take a few steps to improve your credit before you apply for a home loan, no matter how low or high it currently is.

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If you do have a low credit score and you would like to get approved for a home loan anyway, what you might try first is contacting a mortgage broker. There are a number of specialized programs out there for people with low credit and they will be up to speed on exactly what options are available to you at any given time.

Home Loans - The Minimum Credit Score Required For a Home Loan

Home Loans - The Minimum Credit Score Required For a Home Loan

The 5 C's of Credit

Are you ready for the home loan process? Knowing the 5 Cs of credit will help you understand just what your lender is looking for. We'll let you take an inside peek at the training tips we give to the loan officers who come to Complete Mortgage Processing for help:

Credit Character - In analyzing a borrower's credit history, you first need to have a goal in mind. The goal should be to confirm that the borrower's history meets or exceeds the credit guidelines for the product/program you wish to have the loan underwritten to. In making the confirmation, you should consider these factors separately as not meeting any one of them could drop the borrower into a lower credit grade. Compare the credit report to the lender's underwriting matrix or underwriting guidelines to evaluate the following:

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The FICO score - Is it within an acceptable range for the loan program? How does the lender determine the score -the lower of two or the middle of three?

The 5 C's of Credit

The mortgage payment history - Is the number of late payments at or below the lender's standard?

The number and characteristic of each open trade lines:

The quantity - Are there enough traditional credit trade lines? If not, is alternative credit allowed. If so, what are the documentation requirements for alternative credit sources?The installment/revolving account payment history - Is the number of late payments at or below that stated standard?The installment/revolving account age or seasoning - Does the account meet the aging requirement -12 months, 24 months, etc.
The installment/revolving account credit limit - Does the account meet the required standard for credit line limit?

Here is an example of a lender's trade line requirements:Minimum of 3 trade lines, 1 year established, with 1 credit line of ,000 or more

Public records - Are there any? Were they disclosed? What is the status? How will they affect the underwriting decision?

Social security number(s) - Are they consistent with the information disclosed on the 1003?

Derogatory credit - Other derogatory credit. Can we document the status? Has it been satisfied or will it be satisfied on or before closing?Inquiries -How many have there been in the past 6 months?

Duplicate entries - Can you confirm that it is in fact a duplicate? Can you get it removed prior to underwriting submission?

Capacity - Regardless of how good a borrower's credit is, they must demonstrate the financial capacity to handle the debt. Reviewing the borrower's past income and employment history is the best indicator of the ability to handle future debt. The following items should be considered when analyzing your borrower's capacity:

Stability -Has the borrower's employment remained stable for two or more years? Has it been in the same or a related field? Does the income fluctuate or is it consistent?

Income Type -What is the nature of the borrower's income? Is it wages, commission, or other? What is the frequency? Is it on a regular recurring schedule or is it seasonal? Is it bonus income tied to performance and therefore not guaranteed? If it is from a source other than traditional employment, how long will it continue?

Income amount - Is it adequate to cover the proposed new debt? Does the income show a pattern of decreasing or declining?

Capital -The capital that the borrower has on hand for down payment, closing costs, and/or reserves will impact your product choice. It will also impact underwriting. In the last module, we made note of the type of funds that are considered to be "liquid assets". In reviewing capital, consider them as the underwriter would:

Ownership - Does the borrower have full or limited access to the disclosed capital/assets? If not, what portion is available for the loan transaction?

Access/Liquidity - Are the funds liquid now or will they be soon? Is the borrower fully or partially vested? Are there penalties for withdrawal? Will the disbursement process be complete prior to the approval/rate lock expiration?

Amount - Is it enough to meet the requirements for down payment, closing costs, or cash reserves? Being able to answer the questions "Whose is it?" "How much is it?" and "When can they get it?" will help you evaluate your borrower's capital.

Conditions - An underwriter looks at the many documents in the loan file to determine if there are any disclosed or undisclosed factors that might adversely affect the borrower or subject property. A few considerations include:

Employment at a place that has had a public announcement of shutting down.A recently awarded divorce settlement where the borrower has to payout significant proceeds or will have a high alimony/support payment.A lawsuitAn adverse change in the industry that the borrower is employed inAn adverse change in the area where the subject property is located
Collateral - A loan is secured using the subject property as collateral. Since the property is the lender's protection against default, it must be structurally sound and functional. When evaluating the collateral, an underwriter considers:

Features -Are the features and style of the home consistent with what is available in the area?

Functionality -Is the home functional or has it been rendered obsolete by outdated features and capability.

Condition - Is the home structurally sound and visually appealing? Is the home inhabitable or is it a dangerous contraption. Is the home complete as is or will renovations be required?

Property type/Use - Is it residential or commercial? Is it owner occupied or is it a rental unit. Is it vacant or occupied?

After carefully and cautiously looking at all of these items and how they stack up to established guidelines. The underwriter should he able to confidently make a credit decision.

The 5 C's of Credit

How to Find Catalogs With No Credit Check

Coping with a bad credit history can be hard as most financial companies rely heavily on your funds management history to determine your eligibility for certain products and services. However, even with a poor credit score, several stores would still want to do business with you! Catalog companies offering credit lines in their stores allow you to purchase appliances, furniture, entertainment packages, electronic devices and other items on credit despite that fact that you have suffered from a recent financial downturn. These catalog companies process your application with no credit checks, and thus whatever history you have will not hold bearing.

There is a limit to such credit lines, though. It is only applicable to goods advertised in their catalogs or available in their stores. You cannot use them in other stores like what you do with other credit lines. Nevertheless, it remains to be one of the best options of someone with bad credit. This will not only allow him to make necessary purchases, it will also help re-build financial standing.

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So, where and how can you find catalogs that offer no credit checks? That would be plain easy. You can check the internet and your search, whatever search engine you use, will lead you to hundreds of catalog companies that will be willing and able to provide you the services that you need. The problem now is on how to choose among these hundreds.

How to Find Catalogs With No Credit Check

Never limit yourself to a handful of companies. You can read what they have to say in their websites and you can even ask what they can offer after you give them some of your financial details. You will find that many of the ones you contact will send you replies in no time. This may sound easy and fun, but do not take this lightly. Remember that this decision can affect your credit score in the future, so you need to choose which company to apply for very carefully.

Most of these companies will require an application fee. While you need to consider how high their application fees are, you must not completely dwell on it. Research further and check their interest rates, their payment methods, their minimum payments required and other important factors. If you limit yourself to the ones offering the lowest application fees, you may end up paying for high interests later on. Also make sure that their payment schemes are manageable. Else, you end up deeper in debts.

How to Find Catalogs With No Credit Check

Instant Credit Card Approval - Fast and Easy?

In the days before computers, you use to have to apply for credit cards in person at banks and retail establishments or by snail mail. Today, the Internet opens many doors for people, including applying for an instant approval credit card online. Even if computers are intimidating, you will find it fast and easy to apply online. Online applications are relatively simple, easy to use and require little information.

Computer-Friendly

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You don't have to be a computer guru to take advantage of the instant credit card approval process. As long you know the basics about using the Internet, you are well equipped to getting approved.

Instant Credit Card Approval - Fast and Easy?

Whether you find an instant credit card approval using the major search engines or you receive a mail offer through email or postal services, you must first get to the instant approval credit cards web site. Once there, most card companies keep it simple, guiding you through the entire process, which is unbelievably short. In fact, you may find areas on the Internet that provide an easy way for you to compare similar card offers. Use this function to your advantage, ensuring that you get the best instant approval credit cards available before applying.

Easy To Complete

Once you've narrowed down and selected one out of hundreds of instant approval credit cards, the rest is easy. You'll only need to supply basic information - your name, address, phone number and place of employment and social security number. You might also be asked for a previous address if you've lived at your present home for a short time. Sometimes, the instant credit card approval will ask for the number of years you worked, as well as your gross monthly household income. And lastly, your social security number is required in order for the credit card company or bank to check your credit report. Credit card issuers base their approval on your credit report and FICO score.

Before pushing the "submit" button, be sure to read all terms and conditions of the card. You wouldn't want to unnecessarily have an inquiry on your credit report, as this can lower your FICO score and inhibit you if you decide to apply for other instant approval credit cards.

Approvals Made Fast

If you've completed all required information and have good credit, then there's not much left for you to do. You can expect instant credit card approval. Notification will be processed within 30 seconds or a couple of minutes either through the web site or sent to you via email.

If you don't have good credit or you're not sure where you stand, then applying for an instant approval credit card online may not be as simple. Your application could be rejected. If this is the case, then speak to a credit card representative to find out why. They may be able to offer assistance that could lead to you getting instant credit card approval after all. It doesn't hurt to ask. Often times they may just want you to provide additional information. Although the instant credit card approval process has been slowed a bit, if approved, you will still get a card much faster than the traditional method.

Instant Credit

Now that you've been approved, your new instant credit cards will be in the mail delivered to your home in a matter of days. Depending on where you received your approval, you may also get instant access to your credit line. Some credit card issues provide you with your credit card number and expiration date to use right away for online purchases.

See how simple it is? All in the same day, even the same hour, you can 1) apply for an instant approval credit card online, 2) receive instant notification that you are approved and 3) start making purchases. What are you waiting for? Get your instant approval credit card online today!

Instant Credit Card Approval - Fast and Easy?