The most difficult items to remove off a credit report are bankruptcies, judgments and foreclosures. These items on your credit report are easy for the credit bureaus to verify. These are not impossible to remove, they’re just difficult. When dealing with a bankruptcy or foreclosure the same magic three standards must be met (I’ll say them again)
- The Bankruptcy, Judgment or Foreclosure must be verifiable
- The Bankruptcy, Judgment or Foreclosure must be reporting in the time period allowable
- The Bankruptcy, Judgment or Foreclosure must be reporting 100% accurate information
Remember, your job is to look past the obvious and create truthful legal dispute letters. Examine the foreclosure, bankruptcy and judgment documents to review for accurate reporting. It is common for individual parts of the reporting to be inaccurate.
When examining the official documents look for inaccuracies in:
- Reporting Date
- Delinquency Date
- Judgment Amount
- Judgment Date
- Original Creditor
- Case number
- Account Number
- Docket Number
If any individual segment of the data is reporting inaccurately, this will substantiate an investigation request of the entire item.
When disputing this part of a credit record, be sure to ask for the credit reporting agencies method for disputing – if your first dispute in unsuccessful. The rationale behind asking for the credit reporting agencies method of investigation, is an interesting and debatable topic.
P.S. DisputeSuite provides a variety of solutions for your credit repair business. From engaging custom websites, to dispute processing services, to a robust CRM with automations and portals, DisputeSuite is a One-Stop Shop to making your Credit Repair Business A Success!
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