When Bad Credit Repair Advice Is Good
How to Skyrocket Your Real Estate Investor Credit Score
Bad Credit Repair is Only Intimidating to the Uninformed
Bad credit repair advice can easily lower your real estate investor score or cause added years of negative items to remain on your report. That all translates into a loss of money, because lenders, insurance companies and even mortgage companies are now increasing rates they justify with slightly less than perfect investor credit scores. Do-it-yourself bad credit repair is only intimidating to the uninformed. You can raise your score with the suggestions below. It really is more than just probable that you can raise your credit scores yourself, and correct negative items at the three major credit reporting bureaus.
Read on and put these tips into action yourself:
79% Chance Errors Exist on Your Credit Reports Right Now
Even if you think you have outstanding credit you have 79% chance that there is an error on your report.
And 25% of those mistakes are called "material errors" that are the cause of credit denied. All this is researched by the Public Interest Research Groups in their 2004 survey of the three major American credit bureaus. Less harmful errors that may not get you denied credit, may lower your score sufficiently to increase the money you pay to borrow.
Repair Your Real Estate Investor Credit Scores Yourself the Right Way
There's no need to be afraid of doing your own credit repair. The detailed methods below are what Dennis J. Henson teaches as an ongoing program you put in place to repair your own bad credit. Using the techniques below you can see a dramatic increase in your own real estate investor credit scores.
Why start today? Why is it important to work on it now?
Because raising your credit score to desireable loan levels will take some time. How long? That depends upon the negative reports in your credit reports and how much organized effort you put into correcting problems. Major improvments can be seen in a very short time.
However, a high investor credit score alone isn't as important as it once was..
High investor credit scores are looked at differently today than just a few years ago. Now that the lending money supply is tight, lenders are naturally expecting to see high investor credit scores. A medium to low score may mean an instant rejection, but a high score doesn't always guarantee acceptance. The problem items on the three major credit bureau reports are scrutinized more than ever, so one old negative item may be used to significantly increase the cost of your loans.
Can You Clear All Negative Reports From All Three Records
In some cases, yes, but the real truth is maybe. Most bad credit repair advice programs will tell you everything you want to hear in order to sell out-dated, rewritten material. The most serious damage from incorrect suggestions is that a simple mistep in a correspondence or phone conversation can be grounds for restarting the clock on a problem debt that was about to expire. So it is possible to have negative entries removed, but some items may need to run their course. Even so, there are ways to lessen the damage those items have when a lender nitpicks over your credit reports.
Help Yourself Help Your Renters!
As you clean up your own credit reports and your investor credit scores have gone up, you can now help future and current renters repair their personal credit scores. Imagine a rent or lease-to-own scenario where you include assistance to raise your renters personal credit scores within the first year. Now these good tenants will more easily qualify for a loan to buy your house. That's a definite win-win.
Easy Credit Repair Tips
Follow these easy credit repair tips:
- Get Organized – Disorganization leads to late or missed payments
- Credit Reports – Order credit reports from the top three credit reporting companies
- Examine Your Credit Reports to look for discrepancies and any problems that you need to fix.
Common errors to most look for according to the U.S. FTC factreport: "expect to obtain a variety of alleged errors: incorrect report of late payment; multiple reports of an account with late payment; paid account reported as delinquent; closed account reported as delinquent; incorrect financial account reported ("not mine"); incorrect collection balance; incorrect collection account reported; multiple reports of an account in bankruptcy; chapter 7 accounts discharged but reported as delinquent, as well as further types of alleged errors. "
- Challenge Every Negative Entry
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More Bad Credit Repair Advice
Once you challenge an item, the agency must verify each disputed item to insure that it is not a frivolous request. They must also return a response within 30 days unless you make this request over the internet.. That is one reason that every letter of dispute or challenge must be sent certified mail, return receipt requested. You need to know when they received your letter of dispute.
Watch the Calendar
If the reporting agency fails to respond in 30 days the item must be removed from your credit report. This is where keeping records is going be beneficial. If they do not respond on time, then you can write another letter and insist that the disputed item be removed.
TOP TIP TO RAISE YOUR CREDIT SCORE: Pay Your Bills On Time
Once you follow all of the bad credit repair advice that is laid out in “Help With Credit Repair”, you need to make sure that you avoid any new entries. The best way to do that is to pay your current bills ahead of time. If you cannot pay before the due date, then find out what the grace period is on the bill and pay it before the grace period ends. Once a bill is 30-days late, it can be reported as delinquent. Many highschoolers looking to the beginning of their financial life, could create a much nicer life for themselves if they only saw their credit as an important tool to respect. When every bill is paid on time for years, that person has created an opportunity to obtain better loans and substantially lower rates than their classmates who saw credit as a way to obtain more instant gratification beyond their financial means.
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Credit Repair Can Increase Your Real Estate Investor Credit Score
Make it easier with Dennis J Henson's "Help With Credit Repair'
- Tested Letter Structures
Write and submit to the three credit reporting agencies Today
- Time Table Charts
Organize each Mailing
- Pre-Tested Scripts
Know What, When and how to Handle Credit Bureau calls. When A Phone Call is Better Than A Letter
- Results Tracking
Maintain accurate results and know What the next step is before you submit your letters
- Success Tips
What Counts Most toward a high score
- How to Build credit with little money
- Why is it important to start Today
- The fastest method to increase your score in a matter of days
Get it today and start saving hundreds on your major purchases.
A full step-by-step guide to credit repair can be found in Dennis J. Henson’s “Help With Credit Repair”.
This easy-to-understand, step-by-step credit repair kit, includes Dennis' actual audio presentation just as he gives to his current students. You also get the clearly laid out, student notes already highlighted for you.
All the most important and current tips are in here with pre-written letters and scripts to teach you just what to say to get items properly removed from your credit reports.
Everything you need is right here with the best methods to repair credit and increase your real estate investor credit score.
Learn How - Click Here