Fixing you credit will seem overwhelming at first. But if you stick with it, then you will see that it does work. With a little persistence, most items can be removed permanently.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure. http://columbusohshortsaleadvisors.com/
The biggest reason that credit repair works is because you are considered innocent until proven guilty. That means it is the credit bureaus job to determine if a negative item should stay on your report.
Many people have inaccurate information on their reports. Federal law says that you can dispute anything in your report. We recommend you send a detailed letter by certified mail to the credit bureau.
Yes, you can dispute online, but we don't recommend that. Why? There is no paper trail. Your letter should have detailed info on your dispute. Put in your name and address.
In addition, identify each item you are disputing. Say why you are disputing it and ask them to remove it from your report. File copies of the letter, envelope, and certified mail receipt.
You can even mail your letter return receipt requested. Then you have proof they received your letter. The bureaus have 30 days after they receive a dispute to investigate it.
If they can't verify the negative item, then they must remove it from your record. Credit bureaus issue a lot of requests for verification to lenders every day. The people at the lenders get backed up.
Files get misplaced. Banks and lenders are sold, merged, or go bankrupt. If you have ever moved, then you understand how much is misplaced.
This is why many disputes don't receive a reply. This works to your benefit. If the credit bureau doesn't receive a response, then they have to remove the item.
Everything negative on your report can be disputed, even info that is correct. Do not give too much information to the bureau. We recommend that you mark the item you are disputing.
Then state why you are disputing it. Nothing more is needed. If you give them lots of info, they may use that info to verify the item.
One more tip: After mailing a dispute letter, let the issue sit for 45-60 days before disputing it again.
If you contact the credit bureau again in the 30 day window, they can automatically extend it for 30 days from that date. That gives the bureau more time to verify the item.
Here are a few reasons you can dispute a negative item.
1. Not my account.
2. Wrong Credit Limit.
3. Wrong Account Number.
4. Wrong date of last activity.
5. The Judge gave the account to my ex in the divorce. Be sure to send them a copy of the divorce decree.
6. I paid on time that month.
This all means that you can get your life back to normal after a short sale. You can get rid of the debt, repair your credit, and get your life back to normal. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at robin.lemmons@kingthompson.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. http://columbusohshortsaleadvisors.com/
Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. http://columbusohshortsaleadvisors.com/
Thanks for reading this, Robin Lemmons.
Rick & Robin Lemmons is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
Email: robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
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Important Notice
Rick & Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorsed by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Robin's personal views and do not reflect the views of Coldwell Banker King Thompson.
This information on Fixing Credit After A Columbus Short Sale: How to Dispute a Negative Item is provided as a courtesy to our viewers to help them make informed decisions.
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