Strategy to Remove Collections from Your Credit Report!

 

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Many people think that you can’t remove a collection or blemish on your credit report, if it is with the original creditor. “I originally borrowed the money from Easy Capital. “I’m sure they have everything in my file. I can’t dispute with them, they say. Actually you can and many people do it every day.”

Here is how it works: First off, their records are not perfect. Many companies move, their computers crash, data is wiped out, etc. The list goes on and on. The other advantage is that they have only 30 days to respond to a request.

Mail them a dispute letter. Make sure you send it certified mail, return receipt requested. If the creditor does not respond within 30 days, then you have good news. They are in violation of the Fair Debt Collections Practices. It will be very easy to convince them to remove the account from all your credit reports.

Here is another violation. Check your credit report right after the 30 days goes by. They are required to notify the credit bureau you are disputing that the account is “disputed”. If it hasn’t been marked “disputed”, then they violated both the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act.

If either one of these happens, then you have the option of suing the creditor in small claims court. You can win up to $1000. for each violation. Usually a few days before the court date, the creditor will agree to settle with you.

You can drop the suit if they agree to remove the negative information from all the credit bureaus. They will usually agree to that. After all, it’s a lot cheaper than a lawsuit.

Thinking of selling? I can help you sell your property.

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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