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Myth # 1 – When I pay off a past-due account, such as a charge off or a collection account, it will show “paid” and no longer be negative. It is difficult to fully restore your credit without paying your outstanding debts. However, paying off a debt can actually hurt your credit. Negative items on …

Absolutely! An affiliated attorney network provides credit repair services on behalf of our members. Obviously if credit repair was illegal licensed attorneys would not facilitate the service. The Fair Credit Reporting Act was designed specifically to provide a way for consumers to force the removal of erroneous, outdated and unverifiable information from their report. Additionally, …

When the Fair Credit Reporting Act was amended, they put in a section for "Expedited Dispute Resolution" Section 611a(8) the on-line dispute system. It reads as follows…. "…. the agency shall not be required to comply with paragraphs 2, 6, and 7 with respect to that dispute if they delete the tradeline within 3 days." …

According to "Mistakes Do Happen: A Look at Errors in Consumer Credit Reports " a recent report by public issues watchdog U.S.Public Interest Research Group (USPRIG.) There is a one in four chance your credit report contains an error serious enough to cause you to be denied credit.  79 percent of credit reports examined in …

Stop Foreclosure with Loss Mitigation Programs Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner’s situation is unique and each lender has their own policies regarding the use …

No one wants to hear the F word, but in today’s market, everyone is talking about it. What exactly is foreclosure and how does it affect you? Let me break down what you need to know about the process. Foreclosure is a process, not a thing. People often misuse the term “foreclosure.” Foreclosure is a …

Foreclosure is not the most cheerful thing to think about, but it is an element of reality every homeowner should be aware of and comprehend fully. We fear what we don’t understand. The concept of “foreclosure” is frequently misunderstood and frequently feared. Understanding the concept of foreclosure with precision maximizes your ability to take action …

Foreclosure is the sequence of legal proceedings by which a lender sells or repossesses a home when the homeowner has stopped making payments on the mortgage. As a homeowner, understanding the individual steps of the sequence is critical to understanding your rights and responsibilities along the way. These days, very few states require the lender …

If you have missed fewer than three mortgage payments or are anticipating that you might have to miss them in a month or so because of life circumstances, put your smarts in action and implement this simple plan to avoid foreclosure. Don’t confuse simple with easy; avoiding foreclosure can take time, patience, money and effort, …

How Can You Max Out Your Chances of Working It Out? Explain your financial hardship and why it is/was temporary. If you lost a job, explain why and give details as to why you believe you will be re-employed soon. If your mortgage rate and payment are adjusting, explain that and show that you made …