By applying for credit through a bank
of other lender that subscribes to a credit reporting agency outside the
area, there’s every reason to believe that some damaging information
will not appear in your file.
Remember, the only way bankers and
lenders can survive is to extend credit to consumers.
By taking steps to sidestep one
credit report that has negative entries, and taking advantage of another
that show you as a good credit risk, creditors will practically force
hard cash into your hand.
Here’s how:
Obtain a credit report form one
of the credit bureaus to determine if there are damaging entries
that might cause your credit application to be denied.
Call several banks of other
lenders and ask the receptionist, etc., which credit bureau they use
in their application approval process. If the individual tells you
they don’t know, ask them to find out.
Select a bank or lender that
subscribes to a credit reporting agency other than the one typically
used in the area.
Obtain a credit report from the
credit reporting agency that your selected lender uses.
Repeat step number 4 until you
find a report that is favourable to your and shows the least
negative entries.
The only thing left for you to do
is apply with that bank, lender, or other creditor that subscribes
to the credit bureau that has a credit report the most favourable to
you.
BULLDOG TACTICS
When you receive your credit
report, write down every piece of information that is inaccurate or
untrue. Even if an entry is partially true, you may still want to
dispute it, especially if your credit report will be improved as a
result.
Read all of the instructions on
the back of your credit report very carefully. Symbols may be used
for much of the information entered and you will have to understand
each one. It’s easy to become confused but a number you can call
if you have a question will be provided.
Here are steps
you can take to have damaging entries removed from your credit report:
Make a list of inaccurate or
untrue entries that you find in your credit report.
Call the credit bureau and tell
the appropriate person that you want to dispute an entry you have
noted on your credit report.
Don’t allow any credit bureau
employee to talk you out of proceeding with your appeal. To avoid a
distracting confrontation, don’t even tell them you want to
challenge. They won’t initiate any action on your behalf anyway
until they receive your appeal request in writing.
To initiate the proper appeal
procedure, ask the person you speak with to send you a “Dispute
Form.”
Complete the “Dispute Form”
and return it to the credit bureau by certified mail.
When the credit bureau receives
your written dispute request they will then attempt to verify the
dispute you have indicated with the bank, lender, or creditor
responsible for having the damaging information listed.
You will be notified of their
decision within 30-45 days
Get
Negative Items OFF Your Credit Easily!
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