There are times when credit bureaus will calculate scores incorrectly.

This is a phenomenon that is difficult to verify because it is so well hidden. But when you compare as many credit reports as I have, you will find, as I do, that the credit scoring is inconsistent.

Unfortunately, there is no real solution. You are at the mercy of the system and you are considered guilty until proven innocent.

The best way to fight this is to get the negatives removed with a reputable expert and then the inaccurate scoring is really a moot point. You will succeed in having scores that won’t be questioned; this will also allow you to gain the best interest and insurance rates.

A word of caution.

There are credit companies out there that buy up cheap scoring modules and resell them for a profit. However, these cheap scoring modules are just that, cheap and not worth the money you pay for them.

One such scoring module uses a range between 550 and 950 and, trust me, it isn’t worth the paper it’s printed on. The reason?  When you see that you have a 720 credit score, you will want to rush down to get a loan on a house or buy a car. Unfortunately, when your credit score is pulled, it will show that you really have about a 640 credit score, and presto- no house or new car.

The scoring system that is used nationwide is 300 to 850. This means that you begin to have a good score at 680 and better at 720. You really need about a 760 to get the best rates and the best insurance rates.

It is important to know, when you dispute the negatives in your credit file, that you must dispute them in a letter sent by mail.

If you dispute through the Internet, your dispute letter will go into a computer program that has no emotion and will not be able to take into account anything that has to do with mercy or justice. Your chances of getting negatives removed this way are very slight and are, frankly, not worth the effort.

In fact, if you dispute online and then try to re-dispute by mail, you will find that the credit bureaus will say that your information has been previously verified and it is now a frivolous dispute; and the ball will be back in your court, to prove or disprove.

What a scam.

So, when writing your Letter of Dispute, keep these things in mind:

First, the dispute letter should have reference to the Law of the Fair Credit Reporting Act or the Fair Debt Collection Protection Act so that the credit bureaus know that you are serious. Second, it should demand that all items be verified before being put on a public record. You will then have to indicate each negative and reference each account number for what you feel is in error.

Unfortunately, we have found that most people get little satisfaction for their requests and it may take years to get any real results. We have also found that using an attorney, with expertise in credit law and repair, has the best results and can usually gain about 127 points in 2 to 6 months.

Now, which makes more sense; spending years and getting little results or spending a little money, getting quick results PLUS saving a ton of money on the best interest rates and reduced insurance premiums?

I think you know the answer.

We will recommend a few attorneys at the end of this blog; these are some that I have found to be the best in the nation and who can provide a triple results warranty besides. In the meantime, let me continue to try and help with credit repair as it will be the most helpful in getting your scores returned to normal.

Check out this site… http://www.VantageCA.com

I’m going to show you WHY the credit bureaus are NOT interested in helping you to clean up your reports!

My name is Herschel Bentley, and I want you to understand WHY I am so excited to be able to help you regain your credit, social status, and freedom.
You see, it wasn’t too long ago that I was exactly where you are. I couldn’t even buy a mattress for my family, much less buy a new car or a home.
(in fact, it got so bad I couldn’t finance the steam off of a hot dog)

I was humiliated. I felt like a total loser.

I was treated like a 2nd class citizen. And I don’t have to tell you how horrible that made me feel. Like you, I wanted to take care of my family … I just didn’t know how because my credit was so bad.

The real shocker is, the credit bureaus don’t want you to get out of that vicious circle.

You see, the very wealthy have been able to take advantage of these credit “loopholes” for a long, long time. Now, it’s YOUR turn to do the same 100% legally.

You’ve heard the old adage … the rich get richer and the poor get poorer.

Well, unfortunately, there’s too much truth to that statement.

Knowledge is Power.

There is SO much I want you to know, so you will be able to arm yourself with the tools, information and strategies to regain your credit power (like I have).

In the next few blogs, I’ll be sharing some things with you that will inform and inspire you to take ACTION. So please take the time to read and understand these posts so we can take an extraordinary journey together.

But if you simply want to “skip the wait” for more information and action items, and just get started on the path to 1st class credit citizenship right now… pay close attention…

Here’s what the attorneys at my company (National Credit Federation) do for you that others don’t:

This is extremely important information for you to understand…

What We Don’t Do:

Dispute items one at a time, without an attorney, as most groups try to do (not a permanent fix).

What We Actually Do That Separates Us From The Competition (aside from earning your trust as a partner in credit restoration):

* We 100% legally force the total removal of negative items from your credit report.

* Our attorneys use every legal means available to challenge (and beat) the credit bureaus.

* And the law requires the bureaus to REMOVE derogatory items on your credit reports, under certain conditions that our attorneys put into place.

It’s a sad state of affairs that you have to know the ins/outs of the law, before you can effectively challenge these companies …

But NOW, you can level the playing field because you will have a trusted partner and legal representation.

http://www.VantageCA.com

Two Scenarios to be Avoided:

1.    Avoid the high ratios.
2.    Avoid the risky loan.

Avoid a high-risk loan; it will keep your scores excruciatingly low while creating a yo-yo affect in a low score bracket. It will not help get your scores where they need to be in order to achieve low interest rates and save tons of money.

If you absolutely need to have a higher balance on a credit card, then get the credit limit raised before you need it.

You know why; just do it.

Let’s repeat this again and again…

Avoid risky loans and keep balances low!
Avoid risky loans and keep balances low!
Avoid risky loans and keep balances low!

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Quote

If you think nobody cares if you’re alive, try missing a couple of car payments.

-Earl Wilson-

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Quote

Nothing so cements and holds together all the parts of society as faith or credit, which can never be kept up unless men are under some force or necessity of honestly paying what they owe to one another.

-Cicero-