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DIY CREDIT REPAIR
Credit Repair – http://www.CreditFixItKit.comI just signed up with creditfixitkit.com, a new do-it-yourself credit repair website, to handle some credit dispute issues with one of my credit cards. It looks so easy. I think even I can do this! I will be disputing some fraudulent credit card charges. I trust my associate, Wendy Lahn, who recently launched this website, and I am confident I will get a great outcome. Watch for updates.
My associate at GCA Mortgage Group, Wendy Lahn, recommended this DIY credit repair program. I need to handle some issues with my Discover Credit Card, and I signed up for this DIY credit repair service. I will keep you posted. I will be disputing fraudulent credit card charges. I trust Wendy Lahn’s recommendations and am confident I will benefit greatly.
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This discussion was modified 1 year, 4 months ago by
Gustan. Reason: Updates
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This discussion was modified 1 year, 4 months ago by
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22 Replies
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Yes, I think clients will find the creditfixitkit.com very easy to use, and very helpful when disputing issues on their credit reports. It will even write and send the dispute letters out for them, for a nominal fee. All the user needs to do is go to the site, sign up for the credit monitoring service for $39.99 per month, and the system helps to advise which items they should dispute. Then the system will issue a new credit report once per month to update the client on the results derived from the disputes. Even people thinking about getting a mortgage and think that they have perfect credit, should check this out, because you never know what problems could be on your credit that you need to get addressed before you make that mortgage application. Better to get things cleaned up before you go house hunting, than to find your dream home, and then find out about your Uncle Frank’s delinquent loan sitting on your credit report, because your husband’s name is Frank too.
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I am at your credit repair site. Does late payments deletion work?
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Gustan Cho replied to one of your updates: “Does this credit fix platform have Secured credit cards? And other tools like EXPERIAN Boost, FICO Simulator, Way Finder, etc”
<span class=”flipcard__name”>CREDIT BUILDING AFFILIATES: We have the option to add credit building affiliate links </span><span class=”flipcard__desc”>to our client portal. When clients log into our DIY website they will be able to click on our recommended credit building products, once we decide what products we desire to offer on the portal. We wanted to start out with the credit monitoring service first, to see if people would use it to help them rebuild their credit, by removing derogatory items from their credit reports. However, we are definitely open to offering other types of Credit Enhancement products, when we start seeing a demand. Not to mention, that some of the products that you mentioned are hard to compete with, like Experian Boost and it’s purple cow. So we will look at other alternatives that will help our consumers increase their scores, perhaps like a secured credit card offering, or paid rent as a paid bill entry capture, things like that. </span>
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I have EXPERIAN BOOST and pay $29 dollar per month for the credit monitoring service. Does your credit fix program offer the same services that Experian Boost does? Can you do something similar to EXPERIAN BOOST and add credit tradelines with nontraditional credit and if so, for how many credit bureaus.
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I am adding a secured credit card option and I am adding an option where borrowers that are renting can get credit for their past rents paid (if on time) added as a tradeline to their credit report. Borrowers can self-report if they need tradelines, due to lack of credit tradelines, to add a cell phone bill, or a utility bill, or an internet service provider bill, Direct TV, and those types of monthly bills. However, you want to take caution as the borrowers start adding all of their monthly bills, because they are also adding DTI, which depletes dollars to spend on housing. creditfixitkit.com does its dispute work to three credit bureaus, Experian, Equifax and Transunion.
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This reply was modified 1 year, 4 months ago by Wendy.
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We need to get your Secured Credit card links on this forum. Make a new TOPIC section with a super sticky.
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Here is a great place for borrowers to check out their own credit scores.
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I highly recommend Wendy Lahn. Wendy is the best attorney I know but her main focus is loan origination, and real estate. Wendy would not be offering any products or referring anyone unless she has fully vetted them.
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This reply was modified 1 year, 4 months ago by
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Wow! This is great to know. I am always looking to find new ways to help potential clients.
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I know how to take late payments in the past 12 months off the credit reports in a few days. Dianne Burnett taught me.
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I have clients that could benefit from this as well. We need to learn more about this and source it to law.
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Email Dianne Burnett at dianne@gustancho.com. John Strange used this for his client and in one day credit score shot up 87 points. One late payment removal
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Counselor, did you have a chance to research what we talked about yesterday on removing late payments if you have money in the bank?
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I did some research and was not able to find a statute or regulation. It would be helpful to have a bill number or citation if available, then I can more easily track it down.
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Thank you, Counselor
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I will get the rule on this and post it here. It works.
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Credit Versio is a great, affordable do it yourself option for credit repair.
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The key is does it work? I really don’t trust a single credit repair company. I wish there was a reputable credit repair company that gets late payments off.
There has to be. https://www.creditversio.com/
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Excellent! Anything we as Mortgage Advisors can do to help our borrowers prepare for a home purchase or C.O. Refi is worth looking into.
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Found a wholesale non-QM investor that does 120 mortgage late payments.
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I have never seen so many recent late payments in 11 years. Things seems really bad out there. Rates are skyrocketing, inflation is like a runaway train, the dow is going up for no reason, and home prices are out of reach for many people.
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DIY Credit Repair is an outstanding opportunity to increase your score without spending on services. Here are some things to consider if you want to repair your providers without seeking assistance.
Check Your Credit Reports
Obtain Your Reports: Visit annualcreditreport.com to receive your report at zero cost from Experian, TransUnion, and Equifax, the three main credit providers.
Pay attention to Errors: Scan the report for incorrect information, including wrong payment history, unfamiliar accounts, or any errors in your personal information.
Dispute Errors
File a Dispute: If you notice inaccuracies, notify the credit bureaus and ask them to investigate. They are obligated to assist you in this error correction process.
Follow-up: Be vigilant and monitor your disagreements and their outcomes, and if need be, follow up until the matters have been settled.
Pay Down Debt
Reduce Balances: Eliminate or lower Business Credit Card balances, as this reduces the ratio of credit used.
Make Payments on Time: Bills and debts must be cleared when due. This is critical, as a history of payments contributes significantly to your score.
Avoid New Debt
Limit New Credit: Do not add more credit account lines unless absolutely necessary. One such application can significantly lower your score due to a hard inquiry.
Be Strategic: If you need to take a new loan, do that rarely and involve it only when necessary.
Become an Authorized User.
Leverage Someone else’s Credit: Using Someone’s Credit Card whose account is ship shaped as an authorized user can. However, avoiding a credit card with a poor credit record is important.
Monitor Your Credit.
Regular Checks: Often check your score and the score of your report to fine-tune the additional issues if they arise.
Use Credit Monitoring Services: You can get several free credits every month to be well aware of the changes that have happened to your credit.
Seek Credit Counseling.
Professional Advice: For detailed and personalized advice, you may use the services of a non-profit credit counseling firm.
Be Patient and Persistent.
Long-Term Effort: Repairing your credit will take time. Remain dedicated and avoid rushing as your score improves.
Let’s understand it more closely in terms of a few particular points for credit repair suffering from bad credit:
Check Your Credit Reports.
Free Credit Reports: Once a year, you can request and receive one free credit report from the three main U.S. credit bureaus – Experian, TransUnion, and Equifax – through AnnualCreditReport.com. Because of COVID-19, these organizations enabled access to them every week.
Audit of Reports: Check information or accumulation of your accounts that may not belong to you, the payment history of wrong accounts, or even all accounts to verify no outdated information.
Erroneous Debts
How to Dispute: You can easily resolve your complaints with the help of credit bureaus by sending an online complaint. Also, dispute letters can be sent by mail. Give supporting documents for your application to make your argument better.
Tracking of Disputes: Make sure to track the documents for your disputes. The Bureaus are legally obligated to conduct their investigations and respond to you within a month.
Debt Trading
A Plan Towards Reducing Debt: Ensure that the debt of high interest is paid off, anticipating that there are also low-interest debts that must be paid off. You might want to employ the aided debt repayment snowball or avalanche methods to deal with your debts. Computerized payments: ensure that all your payments can be computerized to facilitate prompt payment without failures.
Debts that are Uncalled for
Credit Applications Restriction: The increase in new credit repayments may lead to a decrease in a credit score. However, the recommended allowance is 30% credit use. Limit your credit applications to only circumstances that you feel are required.
Use of Credit: It’s advisable to have a 30% allowance for using the accumulated credit facilities. To have a more favorable score, shoot below the 10% mark, but always do your best to stay within the intended 30% mark range.
Being an authorized user
From the list of provided debts, go through a family member or a friend with a strong credit history. If they allow you to use their credit cards, your score will dramatically improve without taking much risk.
Monitor Your Credit Regular Checks: You can use Credit Karma, Credit Sesame, or your bank’s credit monitoring service to keep track of your credit score and report. Such services are free.
Alerts: Set up alerts for important updates on your credit report, such as opening new accounts or altering your balance.
Credit Counseling Non-profit Agencies: The National Foundation for Credit Counseling (NFCC) provides free or low-cost counseling to help you manage any debts owed while improving your credit.
Be Patient and Persistent Consistency is Key: Any improvement of your credit score seems to take an eternity. However, if you stick to the plan, you will gradually improve.
Stay Informed: Make credit and personal finance your study area and make sound decisions to cut costs. These followed over time and should enable you to repair your credit well.