5 Facts To Consider When Choosing a Credit Counselor
Choosing the right credit counseling agency can make the difference in reducing your debt or digging yourself further into debt.
Credit Repair
First Step to Credit Restoration and Possibly the Only Step if it Works
You don’t need a credit restoration company to navigate the dispute process, start with this simple first step to remove derogatory items.
Steps to take if a credit account has been Re-Aged
Re-aging credit accounts causes older negative accounts to look more recent which can ruin your credit score and is a serious violation.
Disputing an old account can trigger a new debt collector
Disputing an old collection account can trigger the collection agency to renew their collection efforts or sell the debt to a new debt collector.
Charged-off account does not mean the debt is no longer owed
Creditors may write-off seriously delinquent accounts in the form of a charge-off but that does not mean you are free and clear from paying the debt.
How to rebuild credit after Wells Fargo foreclosure
Foreclosure can be a traumatic event and unfortunately, too many Wells Fargo borrowers have experienced foreclosure. But foreclosure can be an opportunity for a fresh start and here is how to rebuild credit after foreclosure.
How to Remove a Bankruptcy from credit reports
A bankruptcy entry on credit reports is a score killer and can remain in credit files for up to 10 years.
Creditors or collection agencies cannot restart the deletion time
The time period when a negative account should be removed from reports is 7 years and cannot be restarted by a creditor or collection agency. If the time period is restarted then re-aging has taken place, which is illegal.
Can medical debt past the statute of limitations be pursued by a debt collector
Medical Debt: Most debt has a statute of limitations which means at some point it becomes legally uncollectible. Debt collectors can continue to pursue payment but have no leverage.
Can Transunion re-insert an item that was deleted after a dispute
Don’t be surprised if a credit bureau re-inserts an item that was deleted due to a dispute. They must however, notify in writing if the disputed item has been put back on your reports.
