why do credit reporting agencies make it so difficult to clear your credit?

Question

judgement placed against credit, judgement was paid I have the paperwork but trying to find out about sending it to transunion, experian etc is a royal pain.

Answer 1

their PRICKS

Answer 2

There are a few steps you must take to get your report updated.

1. You must request a copy of your report directly from the credit agency.
-You can do this by getting your Free Credit Report from the Federal Trade Commission at www.ftc.gov
- If you have applied for credit in the last 30 days you are entitled to a free copy of the report.
- You can pay for a copy of your report directly on the credit bureau sites.

2. You must complete a dispute. You can try to dispute the information online with EACH of the 3 agencies. If you need to send them documentation then you will need to write a letter explaining the information to be corrected/removed along with a copy of your documents.

3. The credit agency will process your request and send you a revised copy of your report reflecting the changes with in 45 days of the dispute. (The creditor has 30 days to verify the information is correct as reported or the info is removed. Then a couple of extra days for mailing stuff)

Here is the contact info for the 3 agencies:

Equifax Information Services, LLC
P.O. Box 740241
Atlanta, GA 30374-0241
800-685-1111
www.equifax.com

Experian
701 Experian Parkway
P.O. Box 2002
Allen, TX 75013
888-397-3742
www.experian.com

TransUnion
P.O. Box 4000
Chester, PA 19022
866-887-2673
www.transunion.com

For more information on credit visit Fair Isaac's site (They created the credit score) www.myFICO.com

~Danke Schoen

[e-mail]

Answer 3

Generally once a judgment is placed against your credit (any type of judgment) it will stay on there for a minimum of 7 years, even if paid. The only thing that you can really ask them to do, which they have to do, is correct the entry on your report reflecting that it is now paid. Sometimes this may take you three or 4 tries. Pain in the but, but worth it. There are also firms out there that will work with you to help you get the corrections done to your report ... costs a little bit of money, but as they are usually law firms, it is also usually worth it.

Answer 4

Credit bureaus are under greater profit pressure now that they must provide free credit reports on a greater scale. As a result, any activity that does not produce revenue will receive a tepid response.

Many clients have reported better responses when they actually purchased products from the credit bureaus.

If you send a copy of the paperwork to them as a mail in dispute, then they are more likely to correct the notation. Here are online links to their sites. They will have the addresses listed in the contact information under "Disputes."

You can do this on your own for free.

Answer 5

I found a solution that worked for me. It might work for you too.

I had some pretty serious credit problems…some were not my fault and, I guess, a few were. I listened to the so-called “experts” who said they could fix my credit report and I spent money I didn’t have. I didn’t have any luck trying to get my credit report fixed.

I remember paying for the services that these Credit Repair Companies had to offer. The companies told me that they could have negative items removed from my credit reports without any problem, Yeah, right. This did not happen at all. Most of the companies wanted to charge me a set up fee anywhere from $39 to $299 for their services. Not only did they charge this set up fee, most of them also wanted to charge me from $29 to $49 monthly while they “attempted” to repair my credit report. These companies offered no guarantee that their services would actually work and, believe me, they didn’t.

I was about ready to give up when I found a lady who had been through the same thing and who had found a solution. She figured out how get all the negative items removed from her credit report within 3 months without paying anyone a penny. She developed a fast, easy, step-by-step process that she guarantees will work for everyone. She sells the complete plan with all the help and instructions for $47.00.

I know what you are thinking…”another $47 down the drain,” and that’s kind of what I was thinking too. But, I figured that since she offers a 100% money back guarantee I had nothing to lose.

Well, I tried it and it was amazing. I got all of the negative items removed from my credit report and my credit score went from 553 to 715 in only 3 months. All I can say is that it worked great for me. I suggest you check it out. You can always get your money back if it doesn’t work for you. If it works even half as well for you as it did for me you will never even think about asking for a refund.

The information is on this site: http://clean-credit-secrets.com/

Answer 6

Credit is based on habits and information gathered about you over the years. Credit card companies, lenders, and other companies report information to the agencies regarding you. You have taken care of the situation itself. Now you just have to do the followup to stop the negative impact.

Answer 7

save modern-day with you cash. in case you cant take care of to pay to you cash, ask mastercard co. in the event that they're going to decrease interest or help you in some way so as which you would be able to pay them off. some are prepared to artwork with you yet you won't be waiting to fee to any extent further on them. Get a replica of your record and be sure no longer something is on there that's no longer yours. something you argue should be proved by ability of the employer posting it,particularly circumstances some thing is properly worth arguing via fact they dont get returned to the credit bureau and then that's bumped off. finally credit scores are additionally based on the ratio of credit obtainable to how lots you have charged on it. in case you have a card which you would be able to fee a hundred on and you have ninety on it ( common arithmetic )you're at ninety% . in case you have a card with 1000 dollar decrease and you fee a hundred you're only at 10%. try to get each little thing under a million/2 of what you may fee on that card in case you prefer to develop your credit, if youre attempting to p[ay issues off pay greater on those withthe bigger interest first. regrettably you have actual pay greater advantageous than the minimum in case you prefer to ever get forward.

Answer 8

they have no real desire to change or correct credit information, they make their money Selling your credit information to others! If you were paying them to make corrections they would be more willing to get the information correct!

Answer 9

No kidding. I'm sorry you are having to go through this.

Answer 10

you ain't lying

and don't forget Equifax - they're the worst!

good luck