We apologize, but the forums are closed for new posts. Click Here To Join The Unemployables Facebook Group

Welcome, Guest. Please login or register.
April 21, 2021, 07:35:53 pm
Home Help Search Calendar Login Register

Welcome, Guest. Please login or register.
April 21, 2021, 07:35:53 pm
Home Help Search Calendar Login Register

Author Topic: Rent My Good Credit.com (Must See)  (Read 17965 times)

Offline gmtmaster

  • Member
  • ***
  • Posts: 119
Re:Rent My Good Credit.com (Must See)
« Reply #15 on: August 19, 2005, 12:40:04 am »
It is insanely easy to fix your own credit. I raised my average FICO from 656 to 728 in less than 1 month. You dont have to spend more than $25 to do this either. Heres exactly what you do:

Get a 3 in 1 credit report from any online "free credit report" service. Dont fall for the "1 free report" because they'll give you a report but no FICO score so its pointless. Pay $25 to get the 3.

If you have any collections, you need to pay them off. Dont just call and pay them however, tell the collector that you will pay IF they request the debt deleted from ALL 3 BUREAUS. They will always agree because they get commisions only if the debt is paid. If, by chance, they dont agree to this, DONT PAY IT. Paying it w/out deletion will NOT help your score whatsoever. Its extremely rare that they dont agree.

Now, with these reports, you have a online dispute option. I used these options thinking it was too easy to really work. Surprisingly I started getting deletion confirmations by mail within 2 weeks. It works great.

 Dispute EVERYTHING wrong or derogatory, regardless if you were/werent in the wrong. I found most places just deleted it rather than invest resources into researching it. Also, if they cant give an answer in a timely manner, the bureaus delete it. Usually 1 month.

 Follow up. Get your reports again in a month to 6 weeks. See if the collections or lates are actually off. If the collection(s) are not removed, now you have ammo to dispute it online. More than likely your collection account was noted to send deletion letters and the agency will report this to the bureau through the dispute, and it will then be gone forever.

 I cant stress how simple it was. A 728 versus a 656 has opened up a new world to me, literally. Its called prime vs subprime and its huge.  

I agree with you 100%...I jumped on creditboards.com and read how others did exactly what you said. It took me a little more time but in 8 months I raised my FICO's from 595 to 725; it changed my life.

Offline JBJR

  • Member
  • **
  • Posts: 55
Re:Rent My Good Credit.com (Must See)
« Reply #16 on: August 19, 2005, 05:11:43 am »
KUDOS to straitfromjapan
  I did exactly what you outlne and I improved my credit 65 points in less tahn 60 days.  I disputed every single item.  Guess what? hte big agencies just don;t seem to have the time to respond within the 30 days required period so they just ignore the credit agency request and it gets removed!!!!!


Don't pay anyone to do what youy can do yourself.  

Offline afterdigital

  • Member
  • *
  • Posts: 34
Re:Rent My Good Credit.com (Must See)
« Reply #17 on: August 19, 2005, 05:47:58 am »

Now, with these reports, you have a online dispute option. I used these options thinking it was too easy to really work. Surprisingly I started getting deletion confirmations by mail within 2 weeks. It works great.


straitfromjapan

WHAT method do you use to dispute? is this done online? what website? or is this done via phone? what phone number?


thanks for the info. i will follow up to raise my scores as well.

ad
2005AD
:: when the student is ready - the teacher will come ::

Offline Hopper

  • Member
  • **
  • Posts: 82
Re:Rent My Good Credit.com (Must See)
« Reply #18 on: August 19, 2005, 07:33:08 am »
Hope you folks aren't disputing charges you realy owe.That would be a bit dishonest don't you think.What lesson have you learned from the whole experience? You are going to end up right back where you started if you haven't learned how to manage your credit and debt. :-\

Offline straitfromjapan

  • Member
  • *
  • Posts: 20
Re:Rent My Good Credit.com (Must See)
« Reply #19 on: August 19, 2005, 09:33:49 am »
Good to see others can back me up on this.

Afterdigital: to dispute your credit, you need to go with a 3 in 1 credit report. This can be done online. I used freecreditreport.com - BUT you have to choose the 3 in 1 option or you will just get Experian (the owner of freecreditreport.com)

 This is the cheapest service Ive found. Most are $44.99 and higher, this one is $25.

When you get your reports, go into the "summary of accounts" where it lists every account youve ever had. At the bottom there is a little link for "dispute online"

 You really have to look for it, because they dont seem to want to throw it out there real big but it is there. You have to dispute with all 3 bureaus or else your scores wont match up correctly. For example, you might just fix Experian and be at 725 but be 610 and 600 with the other 2. Not good.

 When you click the link, it will bring up all accounts that can be "potentially negative" with a button next to them to dispute it. Simply dispute them and it allows for a 1 sentence explanation and a dropdown box of why you are disputing it.

 Hopper: It is wise to dispute EVERYTHING regardless of the situation. It is on the bureaus and creditors to decide if it is legit or not. If they dont want to bother looking into it, it is on them, not the consumer. For years the credit bureaus stonewalled the consumer. We still, to this day, do not know how a FICO is calculated.

 They give guidelines of how to raise credit, but it is just vague common sense suggestions like "pay down debt" "dont be late with bills" - well no sh*t!!

 Follow these steps and you will get the FICOs raised. Please note my first post though, about collections. Youre not going to just get out of a collection. Pay it and tell them youre only going to pay it if they request deletion from the 3 bureaus. They will because they only get paid if the debt is collected.  
     

Offline Hopper

  • Member
  • **
  • Posts: 82
Re:Rent My Good Credit.com (Must See)
« Reply #20 on: August 19, 2005, 11:47:36 am »
I just hope that people aren't seeing this as a quick fix. They are going to end up in the same spot again.I see people telling everyone how to get loans that they don't qualify for. There is a reason that they don't qualify and they are asking for future credit problems because most of them are dealing with this because no one has taught them how to manage or budget.They will continue to make the same wrong decisions when it comes to there credit. I don't believe this about everyone with credit trouble but alot of people read these forums.I guess it depends on the person and their long term goal as to what they decide is best for them. I was only trying to help.

Offline Mdhaas

  • Global Moderator
  • Member
  • *****
  • Posts: 2570
Re:Rent My Good Credit.com (Must See)
« Reply #21 on: August 19, 2005, 12:02:42 pm »
I just hope that people aren't seeing this as a quick fix. They are going to end up in the same spot again.I see people telling everyone how to get loans that they don't qualify for. There is a reason that they don't qualify and they are asking for future credit problems because most of them are dealing with this because no one has taught them how to manage or budget.

I agree, maybe I am just a nice guy and am too concerned about my clients.  

The Foreclosure numbers just continue to climb at a staggering rate. The housing bubble continues to grow.  

"We have dogs and cats living together, it's mass hysteria!"

Everybody thinks that they can stretch their budget just a little further.  


The programs that you are describing here are fine if they are used for the right purpose.  If a client is trying to hide something or beat the system,then it is wrong. >:(

People just need to wake up and smell the coffee.  Stop expecting something for nothing.  Go back to the adage that we get what we deserve.

Make a budget and stay within it.  If it means that we drive our old car another year or two, oh well.

O.K. I am done preaching.  Boy do I feel better.
« Last Edit: August 19, 2005, 12:05:44 pm by Mdhaas »
If at first you don't succeed.....................skydiving is not for you

Offline straitfromjapan

  • Member
  • *
  • Posts: 20
Re:Rent My Good Credit.com (Must See)
« Reply #22 on: August 19, 2005, 12:04:07 pm »
In my opinion your credit score has little to do with personal budgeting and especially qualifying for loans beyond your means. I wholeheartedly agree that some loan programs are ridiculous but that is both the lender and consumers fault. If youre going to take a loan that doesnt pay down principle (I/O) to get in a home well beyond your means, I think it is foolish.

However, repairing your credit score through legitimate means is completely inbounds and is the sign of a responsible person.

 I said upfront, if you have collections, you need to pay them and then request they be removed from your file. If your credit to debt ratio is 90%, you cannot dispute these facts. There is no way around it. Your card balances are what they are and will be reflected in your score. What you CAN DO is get rid of errors which completely litter most credit reports.  

 A gimmick like "rent my credit" is just that, what me and several others did was take back our credit files from 3 largely mysterious agencies that basically control your quality of life. Im not trying to be dramatic either, you tell me how smooth life is with a 550 FICO versus a 725 FICO - believe me, you are at the mercy of ripoff type interest rates and plenty of denials.      

Offline Mdhaas

  • Global Moderator
  • Member
  • *****
  • Posts: 2570
Re:Rent My Good Credit.com (Must See)
« Reply #23 on: August 19, 2005, 12:11:20 pm »
Don't take me wrong.  I agree that consumers should monitor their credit and correct errant information.

What I disagree with is the notion that some debts will just be forgiven due to  
Quote
Guess what? hte big agencies just don;t seem to have the time to respond within the 30 days required period so they just ignore the credit agency request and it gets removed
If at first you don't succeed.....................skydiving is not for you

Offline Chris2006

  • Member
  • ***
  • Posts: 264
Re:Rent My Good Credit.com (Must See)
« Reply #24 on: August 19, 2005, 12:24:24 pm »
Hello, Mdhaas has hit the nail on the head. Bankruptcy laws have been changed because of all the "credit cheating" that has been going on. Schools don't teach money management, and they should. Parents don't know how to manage money, so they can't teach their kids. Something has to change! I'm glad that their are people here in the posts that care about other people. My soapbox is done.
Chris

Offline Hopper

  • Member
  • **
  • Posts: 82
Re:Rent My Good Credit.com (Must See)
« Reply #25 on: August 19, 2005, 12:38:06 pm »
How do you figure that your score has nothing to do with personal budgeting? Your score is based on how responsable you are with your debt. When you go to get a loan they base it on your score and your debt to income. So indeed your score does matter a great deal. Maybe I misunderstood what you were trying to say because I don't follow. ???


Offline straitfromjapan

  • Member
  • *
  • Posts: 20
Re:Rent My Good Credit.com (Must See)
« Reply #26 on: August 19, 2005, 02:17:23 pm »
Yeah, to get something removed by basically a technicality is just that, a technicality. In my own experience, nothing was removed because of a 30 day expiration. Everything was removed because of error or because I settled an old collection and negotiated the removal.

 I wouldnt worry about it, there isnt a whole movement of loophole cases that magically raised their credit scores by 100 points because of 30 day dispute limits. Id say its an exception more than a rule. By the way, if you cant check a persons claim within 30 days, then whos fault is it really? It either means the creditor ignored it or that they couldnt find proof enough to respond. In either case I say let the consumer win.

 I disputed a 30 day from 2002 in which I paid my CC company over the phone and got a conf code. My next statement didnt show the payment as ever going through. I was told "the rep never submitted payment" - I disputed this 2 times and got denied on both occasions, even providing the conf code. So it isnt always just cut and dry that you will get deletions, even when youre right.  

Offline straitfromjapan

  • Member
  • *
  • Posts: 20
Re:Rent My Good Credit.com (Must See)
« Reply #27 on: August 19, 2005, 02:26:32 pm »
I didnt say your score has NOTHING to do with your personal budgeting, I just dont think they go hand in hand like they really should.

 There are very responsible people who are never late with bills that have mediocre or even low credit scores. If you have a lot of credit out, it lowers your score. Then there are people who pay off all their bills and close all their accounts, thinking theyre helping themselves, and they end up killing their credit to debt.

 One time I took some bad advice to pay off all my "smaller" CC debts and close those accounts. This person said to "keep your Visa open, thats a "good debt"

 The problem was that my Visa had a $5800 limit and it was at $5780. So I pay off 4 or 5 smaller limit cards with my tax return a few years back and close the accounts. I was never late with that higher limit Visa, but when I went to apply for an auto loan, they wanted a Co-signer!!! Even though I had already bought and paid off a car years earlier on my own!!!

 There are also people with children in college, there are medical bill collection problems because of insurance infighting and disputes. You have 100 different scenarios when honest debt paying people get crappy credit situations.    

 

Offline Hopper

  • Member
  • **
  • Posts: 82
Re:Rent My Good Credit.com (Must See)
« Reply #28 on: August 19, 2005, 02:53:18 pm »
Now I understand what you are saying. Thank you for the extra info on your thoughts. You go back to what I was saying as far as people not being educated on how credit works. I have a degree in finance and it kills me to know all these people are using hear say to fix their credit problems. :(

Offline straitfromjapan

  • Member
  • *
  • Posts: 20
Re:Rent My Good Credit.com (Must See)
« Reply #29 on: August 19, 2005, 03:12:58 pm »
The public really is poorly educated about credit, its getting better but its still way short. Another sad case was a work colleague who went car shopping. He shopped around for cars at several dealerships and eventually settled on his purchase. Few weeks later he goes to a jeweler to get his now wifes engagement ring and cant get approved for credit. He thought it was just them being asses. Goes to another and gets a approval for well short of the ring cost. The people make calls etc to get more credit but to no avail. He asks what the deal was, he pays  his bills etc etc. They tell him "too many inquiries"

 Turns out the auto dealerships accounted for 125 different inquiries. Here he thinks hes being a responsible buyer, he lets all of them get to the point of pulling him for approval and he got absolutely crushed by them!
 

 




SMF 2.0.15 | SMF © 2017, Simple Machines