Monday, May 2, 2011

How To Beat The Credit Bureaus

Have you heard about the OCR? No, it doesn’t stand for the Office for Civil Rights. The OCR that I’m talking about has to do with credit bureaus. The OCR (Optical Character Recognition) is used by credit reporting agencies as a way to scan dispute letters and categorize them properly. This system can be very problematic to the consumer who wants to challenge items that are reporting in their credit report.

Let’s look at what the OCR provides to the credit bureaus:
  • OCR will reduce the chance for human error
  • OCR may cut down on staffing cost
  • OCR may be able to pull fingerprints to store in a database
  • OCR can detect if a similar dispute letter has been used before
  • OCR can analyze the letter and can assign an E-Oscar dispute code
  • OCR can eliminate human investigation processes
As you can see from a business stand point, the OCR provides a huge benefit to the credit bureaus by allowing them to automate the dispute and investigation process. This software can even flag disputes as frivolous and has the capability to send automatic responses.

Let’s paint a picture. You’re ready to start cleaning up your credit and challenging negative items on your credit report. You purchase a DIY or dummy book on credit repair that cost you 5 or 10 dollars. You open the book and you find a letter to address those collection accounts that you have on your report. You copy the form letter just as it instructs you to do, fill out the company name, place your name on it and mail it off.

Let’s say that 100,000 people used the same form letter for credit repair disputes. The OCR would immediately flag this as frivolous because of the amount of letters that are being sent that look the exact same.

A lot of credit repair companies will use similar form letters and pretty much all credit repair books will tell you to use form letters. If you use a form letter you are setting yourself up for failure before you even walk out your door and mail it. It is so important to know how to perform proper credit repair the right way. The truth is, very few credit repair companies know how to get around the OCR or even take the time to understand how it works. The result of this is, temporary results and repeat customers, if, the consumer comes back. The credit repair companies that do know the secrets will never tell you and will never share the formula they use.

There is hope; H & I Credit Solutions is doing something that has never been done before. We are exposing and unleashing the same tactics that we use to get amazing results for our clients, and putting this information directly in your hands. You can find out exactly how we beat the OCR and blast away large numbers of negative items in a very short amount of time.

You only need one resource to teach you exactly how to do it and that is our book titles “Kick Your Bad Credit to the Curb – Industry Secrets You Will Never Learn Online”.
The OCR is very tricky, with the proper understanding and knowledge, you will beat the OCR system. You will succeed and start enjoying a better life.

I found this article at the following website: http://www.h-icreditsolutions.com/credit-repair-education/

Tuesday, January 4, 2011

Where to pull my Credit Report

Good Morning everyone, I found this great place to pull all three of your credit reports. They have a service called Credit Monitoring Premium, and it's super cheep. They will give you all three credit reports and all three credit scores.

Click the link below to get them!

https://www.usaa.com/inet/ent_logon/Logon

Monday, January 3, 2011

Consumer Web Watch

I found this website I'll share with you. It doesn't really have that much stuff on it but, it did have a decent PDF download.

Here it is, just click on the URL below. It's pretty informative!

http://www.consumerwebwatch.org/dynamic/financial-reports-creditsites.cfm

Credit Bureau Investigations

WOW! Credit Bureau Investigations are full of crap! I actually just ran across this article and I am so glad someone actually put this out there.

That's why Credit Repair is so frustrating and just a pain in the butt.

You have got to read this article

Click Here to read it!

Credit Cards

I found this article on MSN Money. It's pretty disturbing information.
The article is titled: 10 Things Credit Card Issuers Don't Say

Check it out

http://articles.moneycentral.msn.com/Banking/CreditCardSmarts/10-things-credit-card-issuers-dont-say.aspx

Sunday, January 2, 2011

Consumer Rights

Consumer Rights is very important and it's a must that you know your rights under Federal Law. Here is a website that you will need to get familiar with. I suggest that you search for FCRA and FDCPA. This will outline your rights under Federal law.

Click here to read more about the FTC and Consumer Rights.

What's in your Credit Report

Hey Everyone,

          I wanted to share a website with you. I don't know if you have ever heard of it but it's called MyFico.
This site has a lot of cool information on it. I go there to find out about stuff this company is up to.

They have this article titled: What's in your Credit Report

It's a really good site. Click Here to check it out!

I know your gonna love this site if you are trying to find out information on credit.

What is a Credit Report

I'm actually new to this whole Credit Report thing. I want to share information that I've discovered in my research.

What is a Credit Report?
Well, a credit report unfortunately helps companies determine if they are going to give consumers a line of credit. There is a lot of information on our credit reports. Most commonly is our name, address and employer. This is the first few little things that show up.

Next, your credit report will show something called public records. These public records are items like Bankruptcies, child support and tax liens. It's more like if you were to go to court over something and a judgment is placed against you.

Next, your credit report will show delinquent accounts. These accounts can be from anywhere.  Normally, they are accounts that "we just forgot about". I say that because when I moved out of my last apartment I really didn't want to pay the final electricity bill. I don't recommend you do that. It showed up on my credit report and I had to negotiate to get it removed.

Then it will display your positive accounts and your closed accounts. I have a lot of closed accounts. Nevertheless, you want as much positive credit as you can get.

Then you'll see your credit score at the end.

So, the question is, What is a Credit Report? In short a credit report is a report that shows how responsible you have been in your financial commitments. It's important to keep the integrity of your credit report.

I hope I was able to explain it enough, if you want a more clearer explanation I ran across this site that had a really good post.

Check it out if you want to! Just click here!

Actually I'll just help everyone out and I'll post all the sites that have really good information.