How to Clean Up My Credit Report? 3 Simple Tricks For Fast Credit Repair

Are you wondering "how to clean up my credit report"? Are you fearing applying for a mortgage or auto loan because of a low credit score? Are you unwilling to pay thousands of dollars in high interest? Is finding employment in your area getting harder, because of the mandatory credit checks performed by employers? Whatever your specific problem is, raising your score is always a good solution. Raising your score FAST is even better. Contrary to the general myth that credit repair takes time and considerable financial effort, there are a lot easier and quicker ways to improve your score. The only requirement for success-credit knowledge.

1. Don't be the misinformed victim. Educate yourself.

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When it comes to credit repair, knowledge is vital. A lot of creditors and debt collectors actually prey on the huge crowd of misinformed people. They threaten, intimidate and leave you with the impression that paying what you owe in FULL is the only option if you want to raise your FICO. In reality that's more bark than bite. Do you know how your FICO score is calculated and which are the most important credit factors? Why paying off your debt in full can actually lower your credit? Why having items deleted from your report is the most successful tool for credit score increase? Do you know how to dispute with credit bureaus and debt collectors? How to ask for validation of debt every time you dispute an item? How to file paperwork in court and have legal judgments deleted from your report? How to pressure creditors and debt collectors if they fail to meet their obligations under the Fair Credit Reporting Act? Credit knowledge is your best offense and defense. The more you know about the loopholes in the system, the better you chances to raise your score.

How to Clean Up My Credit Report? 3 Simple Tricks For Fast Credit Repair

2. Not all debt is created equal.

It's important to keep in mind that different types of debt have different impact on your overall FICO score. In general the more current the debt, the bigger influence it has. That's why missing a single payment on your car or house can lower your score more than several old negative items. Examine your report in detail and focus on the most detrimental accounts.

3. Learn your rights and...exercise them.

When it comes to credit repair, you have many rights. By law you can dispute any item in your report that you find outdated, inaccurate, biased, incomplete, questionable, unverifiable. You can file disputes with credit bureaus and with the companies reporting to credit bureaus (the so called 623 dispute). You have the right to ask for verification of debt. If the credit bureaus or the debt collectors fail to provide proper documentation, they have to remove the item from your record. You also have the right to be notified when a negative item is placed on your report. The creditor is in violation of the Fair Credit Reporting Act if no written warning is sent to you within 30 days. In a nutshell-you have various rights. The key to credit success is to use those rights.

The answer to the question "How to clean up my credit report?" is simple -- Educate yourself on the shortcuts and the loopholes in the system. There are easier and faster ways to clean credit report once you start thinking outside the credit box.

How to Clean Up My Credit Report? 3 Simple Tricks For Fast Credit Repair

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CBCS Collection Agency

CBCS, otherwise known as CBCS National, is a collection agency based out Columbus, Ohio. CBCS is a leader in the collection industry. They are known for illegally trying to collect on accounts that are out of the statute of limitations. They typically send letters stating that you owe them money. They will also call you by phone. Many times they are very rude and will even yell at consumers.

At their website, they claim to specialize in health care collections, but they are also known to collect for telecommunication companies such as MCI WorldCom and Bell South. CBCS seems to be highly disorganized and usually has very little knowledge of the accounts they collect on. They are known to frequently mix up family member names and call the wrong homes and workplaces harassing people that don't even owe them money.

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If a CBCS employee ever calls you and asks you for personal information the best thing to do is ask them to quit calling and tell them you will handle the situation by mail. Never give them names of family members, work phone numbers, social security numbers, etc. Don't even tell them where you work. Debt collectors try to upset and intimidate consumers you into paying them money. They will also try to embarrass consumers and make them feel guilty - whatever it takes to get their money.

CBCS Collection Agency

When dealing with collection agencies like CBCS, it's best to be prepared. Learn your rights and get familiar with the Fait Debt Collection Practices Act (FDCPA). The FDCPA gives consumers the right to dispute and obtain validation of debt information from a collection agency to ensure accuracy. The FDCPA creates guidelines under which debt collectors may conduct business and eliminates abusive debt collection practices.

It's also wise to get familiar with the Fair Credit Reporting Act (FCRA) and your state's debt collection laws. By being a wise and informed consumer you can fight back against debt collectors and their unlawful tactics.

CBCS Collection Agency

Learn how a credit repair service can help you legally and permanently remove CBCS from your credit reports.

The Meaning of Credit Card Numbers

If you take a close look at your credit cards, you'll probably wonder what all those numbers stand for. Every digit actually stands for something specific. Let's have a look at each of those numbers in sequence.

The First Digit

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Gasoline cards, department store cards and phone cards have their own programs.

The Meaning of Credit Card Numbers

The major credit card companies operate on a standardized system for assigning credit card numbers. The first digit in the series will always be a 3, 4, 5 or 6. This number designates the type of card you have. For instance, a 3 means it's a travel and entertainment card, such as American Express or Diners Club. A 4 is Visa and Visa-branded debit cards, cash cards; a 5 is MasterCard and MasterCard-branded debit cards, cash cards; and 6 is Discover.

The Other Numbers

American Express and Diners Club use the second digit to identify the company. That means that Diners Club cards will start with either 36 or 38, and American Express cards will lead off with 34 or 37.

The remaining numbers in the series are used for other purposes, depending upon the card type and issuer. Generally, the numbers grouped after the opening series is the routing number of the bank and the next group is the user's account number. The final digit is special -- a check digit. This is a number calculated by applying a specific formula, and it is used as a fraud check.

Look At Your Card

American Express uses digits 3 and 4 for business or personal card type and the currency of the cardholder's country of origin. Digits 5 through 11 are the account number. Digits 12 through 14 show the card number attached to that account. The last digit is, of course, the check digit.

Visa uses digits 2 through 6 for the bank number. Beginning with digit 7 and running through 12 or 15, they're the account number, and the last number is the check digit. The number of digits in a group may vary because Visa cards don't all have the same number of digits.

With MasterCard, the second digit through digit 3 (to as high as 6) is the bank number. All remaining digits, except the end check digit, identifies the cardholder's account.

And that's it. A slightly complex system necessary to track billions of credit cards across the globe.

The Meaning of Credit Card Numbers

Ron King is a full-time researcher, writer, and web developer. Visit new-credit-card-now to learn more about this fascinating subject.

Copyright 2005 Ron King. This article may be reprinted if the resource box is left intact.

How to Write a Dispute Letter to Challenge a Collection Account on My Transunion and Equifax Report?

Collection accounts on any of your three credit reports can cause serious problems when it comes time to use your credit rating to make a big purchase such as a car or home. Some lenders will take a look at just one of your three reports but most want to see the contents on all three.

For this reason you want to make sure that you work to improve each one separately. The secret to having collection accounts removed from your report lies in the law that governs how the main bureaus input accounts on your files, it's known as the Fair Credit Reporting Act, (FCRA). Collection agencies simply tell the bureaus what information to put on a consumers report, and within a few days it shows up on the person's file. The problem with this is you (the consumer) never got to be part of this process.

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This is where writing a dispute letter helps, the FCRA allows you to challenge any accounts that you think are incorrect or misleading. The bureaus at that point must investigate the account in question and request proof that it is valid and accurate. Without this proof they must delete the entry from your files. In theory it's that simple but you must use the proper language in your letter to let the bureaus know that you are aware of how the process works.

How to Write a Dispute Letter to Challenge a Collection Account on My Transunion and Equifax Report?

That's the only way you will see the desired result of a restored credit rating. By making sure your letter references your awareness of the law, and the process that must be followed, Equifax., Transunion and Experian will take your dispute letter with the seriousness it deserves.

How to Write a Dispute Letter to Challenge a Collection Account on My Transunion and Equifax Report?

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Alliance One Collection Agency

Alliance One is one of the biggest collection agencies in the world. Alliance One was formed in 1999 through the merger of five predecessor companies. As of August 1, 2007, Alliance One, Inc. is a subsidiary of Teleperformance USA, Inc. They specialize in health care debt collection and have more than a dozen offices and call centers in the United States.

If you do a search for Alliance One on the internet, you will no doubt see many complaints about them and their harassing phone calls and incompetent, untrained employees. Avoid talking to debt collectors on the phone. All communication with a debt collector should be written. Learn your rights under the Fair Debt Collection Practices Act before dealing with collection agencies.

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When Alliance One is assigned a collection account from one of your creditors, they report the account on your credit report. Collection accounts on your credit report can severely damage your credit.

Alliance One Collection Agency

The good news is collection accounts are removed from credit reports by the thousands everyday. If you have collection accounts on your credit report there are a few ways you can have them removed. The most effective method is to dispute the account with the credit bureaus. You are permitted by law to dispute any item on your credit report that is "questionable". If you're not sure that the details of an account are being reported correctly or if you are completely unfamiliar with the account at all, then you can dispute it with the credit bureaus.

Debt validation and pay for delete methods are other techniques used by credit repair services and consumers trying to repair their credit. It's important to explore these methods when dealing with collection agencies like Alliance One. By getting collection accounts taken care of and removed from your credit reports, you can raise your credit scores and have a better chance of getting a loan with a good interest rate.

Alliance One Collection Agency

To learn more about removing Alliance One collections from your credit report, check out the top credit repair services.

Annual Credit Report Request Form - How to Request For Your 3 Credit Scores in 1 Report For Free

Annual credit report request form is required by an individual when he wants to check his credit ratings. It is very essential to avail the annual report due to numerous reasons the prominent among them is the detection of identity thefts. It is also a fact that the issues of fraudulence would also get wiped off if each and every citizen initiates to check the annual credit report without fail.

Is it necessary to check the Annual Credit Report?

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Well the answer is yes. The report would actually act as the gateway which would help you to fulfill all your wishes without any fail. As a matter of fact, if you possess good status then your can lay your hands on the best loan programs and avail the best rates of interest. Furthermore, checking the status before applying for a loan would also help you to rectify your score by 50-100 points as there are many easy methods of doing so.

Annual Credit Report Request Form - How to Request For Your 3 Credit Scores in 1 Report For Free

How to request for your 3 Credit Scores in 1 report for free?

Americans are actually entitled to avail free credit reports from the three major bureaus every year. The three national bureaus i.e., Equifax, Transunion and Experian provide free copy of report to the consumers once in every twelve months. It is also a fact that the reports of these three national bureaus are not necessarily the same. You are actually required to check all the three reports to make sure that you are maintaining a good profile. Moreover, a healthy profile would help you to grab the best loan programs and that too at the best rates. This is particularly because the lenders before approving the loan check the status to analyze how the consumer has utilized his credit in the past.

As per the 2003 Fair Credit Reporting Act (FCRA) a consumer is entitled to get a report from all the three major bureaus at least once in a year. Moreover, these reports would just add to your advantage. Now in order to request for 3 fico scores in 1 report for free one can seek the support of the Online medium. It would definitely help you to get a clear idea of your status and offer you the scope to rectify it at ease.

Annual Credit Report Request Form - How to Request For Your 3 Credit Scores in 1 Report For Free

Get Your All 3 Credit Reports Free

Click Here ---> Free Credit Report & Scores [http://www.consumercreditrepairsecrets.com/Credit-Repair]

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Discover Card Bill Payments

One of the many services on offer by Discover is the online bill payment. No more having your payments getting delayed or lost through snail mail. Use the online Discover card bill payments service to pay your bills in time. You can pay your bills now no matter where you are. You can also avail this service to pay your bill on the last due date and your payment will be received right away - provided your payment is not later than 5 p.m. Eastern time. On top of this you get this service free of charge!
 
Discover also offers its cardholders an automatic bill payment service. Through your Discover card you can now pay your merchants and other billers through it. Whether you need to pay to your mobile phone supplier, your Satellite TV or Cable service supplier, your security or Insurance supplier, or anyone else, you can do it all through your Discover card. In addition, with every bill you pay you win rewards!
 
Biller Directory
 
To begin with, you need to set up your directory just once. Easy, simple and secure, you need to get online and register for automatic payment of your bills to set up the payments. Discover has a Biller Directory listing many merchants and service providers who accept automatic payment of your bills. If you find any of your billers not listed, you need to enquire from them if they are ready to accept automatic payment from you through Discover card.
 
The biller may request for information, such as: Biller account number; your Discover Card number; Expiry date of your Discover card; Amount you authorize to be charged; and whether it is a one-time or a regular automatic bill payment. Update the list with those ready to accept automatic payment.
 
This service form Discover ensures that you pay your regular monthly bills, such as your household bills, every time, in time. You can also make a one time payment. You just need to get online, have your bills ready, and get your billers latest contact information. Paying bills to your multiple and various billers, each and every month, is a chore. Now simply leave it with Discover and you just have to track your payment records, along with tracking your CashBack Bonus.
 
You receive your usual CashBack Bonus of 5% on office supplies, 2% on gas and 1% on other purchases, as per the Rules and Regulations of Discover Financial Services. Just as Discover offers its Discover card bill payments service free to its cardholders, many billers too may not charge any fee. It is advisable, however, to check up while setting up payments.
 
Though there is no limit to the number of billers you put on your biller directory to be paid automatically, ensure the total bill charges are not in excess of your card's credit limit. If your Discover cards account number, or when the expiry date of your card changes, Discover normally tries to have them updated with your merchants.

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Discover Card Bill Payments

Discover Card Bill Payments

The author has written thousands of website content articles on various topics.

Car Loans For People With Fair Credit

If you have fair credit and it not have anything tragic on your credit report, then there are a few good sources that you can use to obtain auto financing. If you have tried to obtain a car loan at a local dealership or two, have been turned down and are looking for an approval and a good interest rate, then there are sources that can help you in obtaining a "fair credit auto loan".

If you have a really good credit score, you can go pretty much anywhere that you want to, to obtain a car loan.

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If you have a fair to marginal credit rating, then you can expect to pay a slightly higher interest rate however, there is absolutely no reason that you should have to come up with a down payment to put down a car. The only reason you would ever need a down payment is if the price of the car far exceeds the loan value. If the price of the car exceeds the loan value by very much, then you are getting a good deal anyway and should avoid that type of deal. In other words, don't give a dealer a down payment because you don't have to. It's simply a matter of understanding the system.

Car Loans For People With Fair Credit

If you have fair credit, the easiest and fastest way to obtain a car loan is online. It used to be that only the major lenders accepted applicants on the Internet, now second chance finance and secondary lending sources have programs that allow you to get started online.

One thing to keep in mind, is that although there are many offers for car credit online, make sure that you're dealing with a reputable source. All companies and websites are certainly not created equal and it's in your best interests to use sources that are reputable.

Car Loans For People With Fair Credit

Recommended: Fair Credit Loans for cars can be obtained through a good source listed at http://www.BuyingCarswithBadCredit.com.

Best of luck in your endeavors.

Jason Lanier