How to Repair Your Credit ((Part Seven))

A very extremely powerful tool to use:

This technique is only used by attorneys. It would be very expensive to hire an attorney to do this on your behalf. However, by following these simple instructions you'll achieve similar results as an attorney without paying those high fees.

If the credit bureau was successful in verifying any disputed information as accurate or correct, it would then remain on your credit report. So you will have to contact the creditor who is reporting the negative information. The creditor or institute that reported the negative item is usually listed on the bottom or left of your credit report. If you don’t see their phone number, look online or call directory assistance in their city and ask for their phone number. Now, call and ask them to mail you written proof and any documentation that this is indeed your account, since you do not believe that the account belonged to you at any point.

Just about every creditor and collections agency uses computers to store data about borrowers and they usually throw out signed contracts along with any other original documents. This makes it simple for these credit companies to store and organize information but makes it near impossible to prove the account is indeed your account and not just another mistake.

Upon your request, Federal Law requires all creditors must provide you with a written document proving that the account in question is indeed your account. By written proof we mean a copy of the contract you have signed with the original creditor. As we described previously, you are stored on their computer system and chances are really good that they have rid themselves of any proof that ties you up with that account.

The only creditors that usually keep record of proof are the courts (Unpaid Tax Liens, Recent Bankruptcies, Unpaid Child Support and Unpaid Judgments).

Again, Federal Laws are on your side. If you claim an account is not yours while the creditor is unable to provide written proof that the account is indeed yours, they have to immediately remove the account from your credit report and cease any and all collections activity. If they do not provide written proof that it’s your account, there is one of two ways to remove the items in dispute (See Steps 1 & 2 in the next section).