How To Activate A Bankers Desire To Force Money Into Your Hand
By: Roberto Bell
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 is how:
1.) 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
2.) 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 do not know, ask them to find out.
3.) Select a bank or lender that subscribes to a credit reporting agency other
than the one typically used in the area.
4.) Obtain a credit report from the credit reporting agency that your selected
5.) Repeat step number 4 until you find a report that is favorable to your and
shows the least negative entries.
6.) 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 favorable to you.
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:
1.) Make a list of inaccurate or untrue entries that you find in your credit report.
2.) Call the credit bureau and tell the appropriate person that you want to
dispute an entry you have noted on your credit report.
3.) 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.
4.) To initiate the proper appeal procedure, ask the person you speak with to
send you a "Dispute Form."
5.) Complete the "Dispute Form" and return it to the credit bureau by certified
6.) 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.
7.) You will be notified of their decision within 30-45 days. This technique will
work for you to eliminate negative entries from your credit report for one of
A. Most creditors don't hang on to old files. They either place them in storage or throw them out. That means they won't be able to easily verify your dispute, if at all!
B. Many other past creditors simply don't care to waste their time verifying the accuracy of
a credit report that isn't relevant to making money right here and now!
That is the basis of why credit repair clinics were so successful when they came on the scene. They knew from experience that by creating a flood of challenges directly to a Credit bureau, sooner or later creditors who continually received inquiries would become frustrated and simply not respond. They also knew that if the credit bureau didn't receive a response from the creditor they mailed an inquiry to, on your behalf, within 30 days, the damaging remark by law had to be removed. Thus, leading to a cleaned up credit report.