A Four Step Removal Process – Step Two – Unverifiable Information

A Four Step Removal Process   

Step Two – Unverifiable Information  

Okay, so we have discovered that you don’t need to look far to see report errors scattered all over the place. However, what happens if you don’t know if something is reporting in error or not? What happens if you don’t even know if it’s your account or not? Heck collections can be sold so many times, and what might have started out as an innocent $50 collection with Macy’s somehow turned out to be $750 with RuthlesscollectionsRus out of Bangladesh asking you to pay them in Bitcoin.

The good news is you have the right to have your information and accounts verified as much as you want to your own satisfaction level. We see this very similarly as if we were your defense attorney defending your rights on something like a murder trial. You are telling me you are innocent, and maybe you did it and maybe you didn’t, but I still have the obligation to defend your rights. So maybe there are witnesses and even some motive, but if the prosecution can’t find that smoking gun they are going to have a tough time with a conviction. When translating this analogy to your credit report, if things don’t quite look 100% to you, then in come the bulldogs. Think about how much information your creditors should have on you and it all needs to be accurate, they can’t have pieces missing otherwise it could be someone else’s entirely. Payment history, previous transaction, original documentation and creditors, personal information, the list goes on and on and you must be given the benefit of the doubt.

Speaking of which, I’ll also tell you this, after seeing so many items being removed over the years, I “doubt” they have it right. 

Aubrey Kloss
Regional Director and Manager
National Credit Care

Posted on September 5, 2019 at 10:57 pm
Bryan Shobe | Category: Credit Score Information, Real Estate News | Tagged , , , , ,

A Four Step Removal Process – Step One – Surface Errors

A Four Step Removal Process

Step One – Surface Errors

One common statistic that all reports suggest when determining the number of errors that exist on credit reports is…A LOT. The FTC believes that there are up to 40 million errors on credit reports, other government studies show 1 in 20 have errors impacting their scores. Those stats are always the funniest to me, because that’s another way of saying “your report is all jacked up, but we don’t believe its impacting your score.” That’s you like winning a nice new Dodge Viper in Vegas and right before it gets delivered, I buff it with a nice lava rock only to tell you to ignore all the scratches as it performs just the same.

If our opinion means anything, we believe a vast majority of credit reports have errors, especially those reports that contain derogatory activity. The question becomes, what do we define as an error? You need to look no further than the surface of a credit report while upholding a little section of the Fair Credit Reporting Act that states items need to be complete and accurate.

Therefore, whenever you see missing or incomplete dates on, payment history, account numbers, names, or even original creditors that is violating that law. But this is just the beginning of surface errors, how about whenever you see an X, – , /, N/A listed, or the words like unknown. What part of the word “unknown” is complete or accurate? In fact the definition is NOT complete and accurate and yet they have the audacity to place that on credit reports.

Better yet, how about when you get a medical collection or any collection and the name isn’t known so they just call in “Medical” or “Collection” or maybe a combo like “Unknown Medical” like that’s going to suffice. I can see it now, we don’t know who you exactly owe money to we just know you owe someone $100, so please mail that $100 check to “an unknown company” whose address no doubt is “who the hell knows where.”

You know what, I’m getting re-irritated just writing about this. There is much more to say, but for now my blood pressure cannot take it. Correcting reports and increasing scores is the medication I require.

Aubrey Kloss
Regional Director and Manager
National Credit Care

Posted on September 5, 2019 at 10:42 pm
Bryan Shobe | Category: Credit Score Information | Tagged , , ,