Credit Bureau Phone Numbers

Ad regarding reliable community resources for consumers – sponsored by Cambridge Credit Counseling Corp.

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Report a complaint on a credit card company to the Better Business Bureau or the Federal Trade Commission. Learn how there are more complaints against credit card companies than any other business with information from the owner of a debt settlement company in this free video on credit cards.

Expert: Peter Repak
Contact: www.ClearFinancialCompany.com
Bio: Peter Repak has been in the debt settlement business for over half a decade. He and his wife founded the Clear Financial Company.
Filmmaker: Christopher Rokosz

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How Debt Gets to Collectors – Legal Consequences

When you become late on one credit card – your rates immediately jump up on ALL you credit cards. Including promotional zero-interest cards. And sometimes this goes retroactively back in time. Credit card companies explain that they can do this because you become a “high risk”.

As of today (beginning of 2009) late fees and over-limit fees are by far the single biggest profit center for credit cards (more than $4 BILLION annually). Those fees have now gone as high as $43 on some credit cards, with the average between $35 & $39 by most major issuers.
And unfortunately the lenders can legally do this – so pay close attention to your payment due dates. For more information visit http://www.101creditrepair.com

As you miss payments – this gets reported to CRAs (Credit Reporting Agencies). And the lender will start contacting you (either directly, or via a contracted collection agency).

If you miss the due dates on three payments, the lender will usually shut your card off, declare it in default and make demand for payment in full. Your rates and late payment penalties can quickly make your balance grow by 50% or more.

If you don’t pay for 180 days – they will charge-off your account so that they can get tax benefits for it. They will also turn over to collections. Usually just sell for 3-4 pennies on a dollar.

VERY IMPORTANT: keep records of all letters you get (bills, collection letters), especially the proof of the charge off date or date of last activity as reported to the credit bureaus by the original creditor, so as to legally ascertain when your state statutes kick in. The best way to legally document this is by obtaining a copy of your credit reports that denote this fact, which could become an important document in future disputes or legal proceedings. Keep the report for several years (7 years).

Note: the charge-off date determines two very important date marks for you:

1. how long the debt record will stay in your credit file (usually 7 years from this date).

2. the statute of limitations (SOL) date: how long the debt can be collected. It depends on the type of the debt and on state. Usually 4-6 years. Each state has its own rules.
For more information visit http://www.101creditrepair.com/resources

Note: Collectors can not change the date – re-aging of accounts is prohibited by law. But be careful. If a collector sues you on an “expired debt” (“Time Barred Debt”) – you still have to go to court to protect yourself. If you don’t show up – the collector wins “by default” – and now you will have to pay this debt plus legal fees plus you will get a new bad record on your credit report about the judgment – which will stay for 7 years.

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Paid and unpaid mechanics liens are not reported to credit bureau agencies, therefore, they cannot decrease a person’s credit score. Discover information on how if an unpaid mechanics lien leads to a lawsuit, the lawsuit could affect credit scores, with information from a financial adviser in this free video on money management and financial planning.

Expert: Matthew McKillen
Contact: www.innovativefg.com
Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients.
Filmmaker: Christopher Rokosz

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Disputing medical information on a credit report requires getting a copy of your credit report from all three credit reporting bureaus, making sure the dispute is legitimate and hand-writing a letter stating the case. Send a certified copy of the letter to each credit reporting bureau with instructions from a certified financial consultant in this free video on credit reports.

Expert: William Rae
Contact: www.hbwfl.com
Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz

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Technorati Tags: bankruptcy, bureaus, cards, credit, Debt, finances, income, loans, reporting, reports, scores

Go to www.e-Credit.TV for Free Credit Repair, Free Credit Books, Consumer Credit Counseling, Debt Consolidation and Identity Theft Protection. In this video the U.S. Treasury Dept. explains how to obtain free credit reports from all three of the credit bureaus. The video also explains how Fraud Alerts work and the activation process.

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To add good payment history to a credit report, get a copy of the credit report from all three credit bureaus, write a letter about good payments not being on the report, and ask the person who loaned the money to provide supporting documentation. Send all information to the credit bureaus through certified mail with advice from a certified financial consultant in this free video on credit reports.

Expert: William Rae
Contact: www.hbwfl.com
Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz

Duration : 0:1:52

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Raise a credit rating by getting a copy of all three credit bureau reports and disputing any duplicate or bad accounts. Improve credit scores by contacting creditors and making sure all good history is listed on a credit report with tips from a certified public accountant and credit counselor in this free video on debt management.

Expert: Jerrie Guthrey
Bio: Jerrie Guthrey has been a certified public accountant and credit counselor since 1992.
Filmmaker: Jack Guthrey

Duration : 0:1:4

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Technorati Tags: bankruptcy, credit bureaus, credit card, credit counseling, credit report, Debt, debt consolidation, loans, money

All three credit reports can be obtained for free once a year online through a government-sponsored Web site called AnnualCreditReports.com. Apply for each of the major bureaus online to receive free reports with advice from a credit repair consultant in this free video on personal finance.

Expert: Stetson Lowe
Contact: stetsonlowe.typepad.com
Bio: Stetson Lowe is a credit repair expert. Known as the “mortgage insider,” Lowe assists increasing credit scores for the most challenging of clients.
Filmmaker: Paul Kersey

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Correct a credit rating by getting copies of credit reports from each credit bureau, checking the reports line by line and writing a letter of dispute to each of the credit bureaus. Send dispute letters by registered mail to the credit bureaus with instructions from a certified financial consultant in this free video on credit ratings.

Expert: William Rae
Contact: www.hbwfl.com
Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years.
Filmmaker: Christopher Rokosz

Duration : 0:1:54

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Technorati Tags: bankruptcy, bureaus, cards, credit, Debt, finances, income, loans, reporting, reports, scores