“How to Remove Collections “


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You can get your life back on track after a short sale. One of the first things you’ll want to start repairing your credit. But, how do you get those pesky collections off your report? I’ll show you a couple of techniques here.

Collections can be very easy to remove. The reason is that most collection accounts have been transferred several times. The original lender gave it to a collection agency for 6 months. The collection agency couldn’t collect. Then, the original lender gave it to another collection agency. They couldn’t collect it either.

So they finally sold it to a debt buyer for three to five cents on the dollar. The debt buyer wrote them a check. But, the paperwork hardly ever gets transferred over properly. Here is the first step.

Dispute it with the credit bureaus. You may not agree that it is your collection. That will take 30 – 45 days to process. It will often clear up the problem.

then dispute it with the debt buyer (collection agency) noted on your report. You can’t dispute with them until you have disputed with the credit bureaus first. Request an investigation. they have 30 days to respond. Most will not have documentation.

They may send you documentation. But, it isn’t very specific. If that happens, then ask for specific documentation. I would ask for a copy of a document that is signed by the company that sold them the debt. The document should clearly state all your account information.

If should have the account number, your information and address, and the amount owed. In addition it should be signed by the president of the company. That is the burden of proof I would request. I doubt they would have something like that.

If this techniques above don’t work (that will be rare), then settle the debt. Pay them from five to twenty cents on the dollar. They agree to report to the credit agencies as “paid as settled.” You get what you want and they get a little money.
Everyone wins.

Do you want to short sale your property and never pay the bank another penny? I can help you do that.

If you or anyone you know is in need of real estate advice, please do not hesitate to contact me.

Donna Bishop Realtor  call me  (239) 560-3149  or  email me: donnabishoprealtor@gmail.com




About donnabishoprealtor@gmail.com

Awesome Service: I make dreams come true. I am a Real Estate Consultant. I place great value on the needs, expectations and goals of all my clients whether buying or selling. By helping they find their perfect solution. I will truly listen to you. I have 33+ years experience in all phases of real estate. I am a Loan Modification Specialist, a Short Sale Expert, and a Successful Negotiator. A certified Senior Real Estate Specialist. Former Owner/Broker of A & B Mortgage Brokers of Fl. Plus a former Appraiser. A Professional Realtor. This experience and knowledge gives me the confidence to advise you correctly. I want you to have an Awesome Experience so you will recommend me to all the people you care about. After all, a referral is sending someone you care about to someone you respect.

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