2nd In A Series, The Credit Restoration Process-Using The Services Of A Credit Restoration Specialist.

In our first article of this credit restoration series,  we laid
out Mary’s rather problematic credit report. Her credit score was in the mid 500’s, and here was the breakdown on negatives:

Experian      13 Negatives
Equifax        17 Negatives
Trans Union 14 Negatives
The negatives were made up of mostly charge offs, but also
late payments. During the review process it is explained
that the Mary would have both a para legal and an Attorney assigned to her,and that for 59.00 dollars per month, challenges could be made to the credit bureaus, to see if they could verify the negatives, and that for an additional 20.00 dollars per month debt validation letters could also be sent
to the actual creditors.

So, here we are 30 days later, well a bit more really, because we had to allow time for the creditors to mail responses. Remember, we had Lexington law firm dispute with both the creditors and the 3 reporting agencies at the same time.

So here are the results of the first round.

Experian      13 Negatives
Equifax        14 Negatives
Trans Union 11 Negatives

That is 6 negative items removed, and one of the items was a Federal Tax Lien! I guess the IRS is to busy investigating the Tea party, and probably me after that statement. Marys average credit score is now 575, and we ran a credit score simulation, if she was able to get an additional credit line of 3ooo dollars, which she was offered, her score would jump to 600.

So we are looking for great things on the next round.

Next we will follow Mary’s progress, so stay tuned.

The ADE Debt Relief Phone Numbers

Free Credit Counseling---       877-766-2465

Student Loan Consolidation---877-766-2465

Free Bankruptcy Counseling-- 516-204-4640 (National Number)

Credit Restoration Counseling-888-586-2661 Inc. Credit Report Review

Each of these numbers provides Free Counseling.

 

 Yours Truly

Steven Ciantro
Consumer Advocate
American Debt Enders
Rated 3rd Nationally
Certified Credit Counselor
TalkShoe Radio Host
Member National Association of Certified Credit Counselors
Debt Expert for Gail Kasper's Top 1% Club
Top 1 Percent Club
Linkedin Profile
Author #1 Ranked Debt Relief Newsletter
877-766-2465

 

Related articles

Debt Settlement Programs, You Are Not Alone-15% Of All Americans With A Credit Account Have At Least One Of Them In Collection?

Credit scores in San Joaquin Valley took big hit from recession

Don't Waste Your Money: Credit Score Gotchas

Here's Where You Can Really Find Free Credit Reports And Credit Scores

How An Improved Credit Score Can Help In Immediate Approval For A Loan?

About Credit Scores