($17.99) DIY manual w/ CD and worksheets. PLUS! Bonus Publications: Foreclosure Prevention Guide and Budgeting Basics.

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Learn how you can take a bite out of the largest growing crime in America today… identity theft! Plus, learn how easy it is to repair your own credit, how to consolidate your credit debt and how to do your own bankruptcy. Includes 200 legally binding forms plus course materials you can read directly from your favorite handheld device.

One out of five Americans, or a member of their families, will become victims of what the Federal Trade Commission declares as the fastest growing crime today… identity theft. The number of thefts reported by financial institutions has increased by 50% since last year alone! But, you don’t have to be a victim. Learn first-hand from the leading publisher on legal self-help what you can do now to protect your good name and the credit history that you worked so hard to establish. This comprehensive course includes valuable information on how to avoid being a victim, how to detect ID theft as early as possible, plus how to recover from its damaging effects should it happen to you.

Do you know what’s in your credit report? In this electronic era, it’s possible to awaken one day to a credit mess created by someone you’ve never even met. Should that ever happen to you, this program provides all the tools you’ll need to quickly repair your own credit report. Easy step-by-step lessons teach you how to preserve your good name while reestablishing your credit, gives strategies for handling creditors, and shows how to correct errors on your credit report. Includes a complete bankruptcy course plus all the legal forms you’ll need to submit a claim of credit fraud. Stop paying others to repair your credit!

Save money and time! Quickly prepare your own legally-binding documents that are valid in all 50 states. Forms include wills, trusts, buying and selling agreements, lending, real estate, child custody and more!

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Fix your credit, dave thousands! Repair your credit report improve your scores – quickly and legally. Start your credit repair today!

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The Basic Rules

Collectors are governed by the Fair Debt Collection Practices Act (FDCPA). Collectors do not always play fair, so it is best if you know the rules. Collectors cannot report a collection to the credit bureaus unless they have sent you a letter detailing the debt and the identity of the original creditor. They must also provide an explanation of your right to challenge the debt within thirty days of receiving the letter; if used properly this is a powerful credit repair tool.

Read that Letter

If you receive a collection letter don’t be intimidated. Collection letters provide a thirty day challenge period. The collection industry is far from perfect. If you are in a credit repair program you are probably aware that debts are sold and resold. Many are past the statute of limitations for collectability. Some are past the reporting period limits for the credit bureaus. And a surprising number of collection letters are sent to the wrong people altogether.

Evaluate the Issue

Don’t jump to any conclusions. Is the debt yours? Did you pay the original creditor? Was the debt discharged in a bankruptcy? Is the amount correct? How old is the debt? You have more rights than you think. Many people needlessly pay collectors for debts that are beyond the stature of limitations, and even past the time limits for reporting to the credit bureaus. An intelligent credit repair effort is always economical. Don’t throw your money away.

Understand Your Statute of Limitation

The statute of limitation for collecting through the courts is often misunderstood. Statutes of limitation are state and debt type specific and are, in almost all cases, far less than the seven year reporting period limit for credit reporting. State statutes of limitation for credit card debt, for example, range from 3 years to 6 years, except for Wyoming, where legislation favors collectors by providing an 8 year limit.

Count Your Statute of Limitation

A large part of every credit repair effort involves researching dates and may take a bit of work. The statute of limitation time limit starts with the original default date, rather than the charge-off date or the date a collector reported to the credit bureaus. The default date was the date of the first missed payment in the sequence that resulted in the collection status. You may find statute of limitation information on the internet. If the debt was entered into in a different state from where you live you need to check two state limits because collectors may apply the more favorable (longer) limit.

Use Time Limits for Credit Repair Success

What does this mean for your credit repair effort? If a collection is beyond the statute of limitation the collector cannot get a judgment. Many collectors bank on debtors not knowing this fact and rely on the implicit threat of legal action to encourage payment. The collector can report the debt to the credit bureaus until the reporting period expires, but nothing more. Here is a great credit repair tip. If you let a collector know that you are aware of the statute of limitation they should be happy to negotiate a much smaller payment. Or if you don’t want to pay, you can wait it out without fear.

Check Your Reporting Period Limits

The reporting period limit for most derogatory information is seven years. The time limit starts with the date of original default. Here again, the default date was the date of the first missed payment. If you were thirty days late in January of 2003 and never made another payment, your default date is January of 2003. Check the dates carefully. Most people in credit repair programs are aware that the dates on credit reports are often inaccurate. Double check everything.

Validate the Debt

Now that you have examined the collection letter and determined your rights it is time to challenge the debt; this is called debt validation, and is useful for your credit repair effort even if you identified the debt as legitimate. If you request the validation of a debt within thirty days of getting a collection letter the FDCPA requires collectors to provide proof they have the legal right to collect and an objective accounting of the amount they say you owe. An objective accounting of the amount should originate from the original creditor.

Dealing with Aggressive Collectors

If you find yourself being harassed by an aggressive collector there are a variety of credit repair tools you can use to stop the annoyance. If the debt is beyond the statute of limitation you can send a letter to the collector demanding they cease all communication immediately. The FDCPA requires that they comply with your request. If the debt is within the statute of limitation the use of a cease communication letter may be a strategic credit repair error, as the collector may opt to sue in response. But it might help to know that you can ask them to stop calling you during working hours by telling them that your employer does not approve of you taking calls.

Copyright © 2007 James W. Kemish. All Content. All Rights Reserved.

Jim Kemish
http://www.articlesbase.com/credit-articles/credit-repair-how-to-handle-a-collector-494231.html

credit repair, Bad credit will ruin your life. There is a way out for more info go to http://www.homevalueshuntingtonbeach.com or http://www.2ndchancemortgage.com

Duration : 1 min 43 sec

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A bad credit record can make it tough to get a loan or adequate insurance, find a good job, or rent an apartment. Yet, nearly half of all credit records contain serious errors. The new edition of “The Credit Repair Kit” provides consumers with all the information they need to order a copy of their credit record, understand what their records say about them, and deal with any problems they may find in those records. Nationally known bankruptcy attorney John Ventura also educates readers about their legal rights under the federal “Fair Credit Reporting Act”.

Among other things, “The Credit Repair Kit” tells readers how to:

* Fight back if a credit bureau will not correct an error in a credit record, including how to sue a credit bureau or creditor.

* Rebuild credit after financial difficulties.

* Avoid becoming the victim of identity theft and credit-rebuilding scams.

* Interpret a credit score.

With identity theft on the rise, “The Credit Repair Kit” also advises consumers about the steps they should take to preserve the privacy of their personal and financial information and what to do if their identity is stolen.

With practical tips, sample credit reports, checklists, and information about helpful Web sites and organizations, Ventura provides readers with a first-aid kit for credit record problems.

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I am trying to start a credit repair company but I have not found a company to go through to pull credit. All the companies seem to only work with mortgage companies. HELP!

i agree with the poster above, why not have the clients pull their own accounts (they can do this for free three times a year).
Be ware however, that credit repair is a hard market to serve….most often they want YOU and your company to be magicians….
Is there another kind of business that you can run on the side…I really think that this business will be more trouble than it is worth.
With that said, I was of the impression that anyone can pull anyone’s credit with the subject’s permission. Work with a lawyer and have them create a consent form for you. I just checked my credit report and it was pulled LITERALLY 12 times in the past 7 months. 9 of these pulls were ’soft pulls’ meaning that I did not initiate any of them.
Saying that to say that there is a way. I just dont know what it is