Credit Repair Forgiveness Scriptures It is always best to see what the Lord Jesus has to say about the forgiveness of debts. Now also we know that the old testament is the schoolmaster to new testament and God has not changed for he is the same yesterday, today and tomorrow. Therefore, the new testament must fulfill the Law of the old testament. "Wherefore the law was our schoolmaster to bring us unto Christ, that we might be justified by faith" (Galatians 3:24) Therefore, let us start with the old testament forgiveness in the law which is probably where we get our laws. At the end of every seven years thou shalt make a release. And this is the manner of the release: Every creditor that lendeth aught unto his neighbor shall release it; he shall not exact it of his neighbor, or of his brother; because it is called the Lord's release. (Deut 15:1,2) Now, let us look at what the new testament says. And forgive us our debts, as we forgive our debtors. (Matthew 6:13) For if ye forgive men their trespasses, your heavenly father (Jesus - the everlasting father Isaiah 9:6) will also forgive you: But if ye forgive not men their trespasses, neither will your Father forgive your trespasses. (Matthew 6:14,15) Now seeing these scriptures, before you start your credit repair, I suggest you once again get down on your knees and ask Jesus to forgive you of all your debts then, Repent (which means to turn away) from these ways and make a determination or covenant with the Lord spoken out loud that you will be a better steward of your money and credit. Furthermore, tell Jesus you will make and earnest effort to pay back all contracts and agreements you make from here on. Ask him to wash these sins in his blood. Now you need to get baptized in Jesus Name for the remission of sins (Acts 2:38) and have the blood of Jesus applied to your sins so that Jesus will cover all of your sins with his blood in the books by which you shall be judged. This will clear your conscience and Jesus will forget your sins forever. Also, you take on the name of Jesus in water baptism to be apart of his bride for eternity. The plan of salvation and apostles doctrine is as Peter explained in Acts 2:38 Then Peter said unto them, Repent and be baptized every one of you in the name of Jesus Christ for the remission of sins and you shall receive the gift of the Holy Ghost! Lastly, don't forget to forgive all that have trespassed against you! ONLINE PRE-WRITTEN DISPUTE FORMS TO HELP CLEAR YOUR CREDIT (Microsoft Word Document Downloadable Letters that can be adjusted and Printed for your convenience) Letter #1: Written Request For Your Credit File Letter #2: Delete Inaccuracies Letter Letter #3: Update Account Information Letter Letter #4: Add Additional Credit History Letter Letter #5: New Agreement/Settlement Debt Letter
STEP BY STEP CLEAN CREDIT INSTRUCTIONS: BY MAIL First order your credit report from all 3 major credit-reporting bureaus. Also, get a report from a local credit-reporting agency too, if you can. Get your annual credit reports for FREE! Click Here to get your Annual Credit Reports for FREE! (Note: If you have been denied credit or employment due to a credit check, you are automatically entitled to a free copy of your credit report.) Also, each credit agency who reports information on you should provide this information to you at your request in some states, check your laws. The phone #'s are as follows to order free credit reports:
Experian (formerly TRW)
New Info! You can now view your experian online without charge instantly if you have been denied credit in the past 90 days, no more wait for the mail, dispute experian online today! Go to the following website address to access your experian credit report online now: http://www.experian.com/reportaccess
Trans Union
Equifax If you would like to receive your credit reports immediately click on the banner below:
Once you receive all 3 of your major credit reports, BE Prepared, 70% of the credit files contain mistakes. Unfortunately for the consumer it is our resposibility to make sure our creditors are reporting accurately. REMOVING "DEROGATORIES" "Derogatories" are the negative items on your credit report. Depending on what they are, they will stay there anywhere from 2 to 10 years. examples: Late Payments - 2 years Nonpayment or nonfiling of taxes - 10 years Bankruptcy - 7-10 years Charge-offs - 7 years Repossessions - 7 years Foreclosures - 7 years Wage Garnishment - As long as wages are garnished Judgements - "Unsatisfied" until paid The byword when it comes to derogatories on your credit report is PROVE OR REMOVE! When you dispute a derogatory item, the creditor has 30 days to respond by either providing proof or removing the de- rogatory status. For instance, your creditors must be able to prove that you had a late payment. Many big companies, like major department stores, actually lose or purge information about late payments. If you call to dispute a late payment, the creditor is required by to send a deletion letter to the credit-reporting agency. (Do not lie, the Lord knows all the thoughts and intents of the hearts) Sometimes late payments happen if you moved and got the bill late because of your address change. When asked, creditors will usually remove these late payments from your credit report. If you are unable to locate a company because of an address change or inaccurate and they are no longer in business, dipute these late payments to the credit bureau and the bureau will remove the late payment entry. Start out by calling each creditor on the phone, and keep a log of all the phone calls you make with dates and who you talked to. If at first you don't succeed, try, try again! It may take several phone calls before you succeed in talking to someone who will work with you to remove the derogatories from your report. WHAT IF YOU HAVE BIG DEBTS? Its's a little-known fact that creditors will often negotiate with you to settle your debts. First, ask your creditors to stop charging interest on a debt so you can begin to repay it. Second, offer to settle fro a certain amount, say 50 cents on the dollar. They may come back and want 70 cents. Before, you accept their offer, ask them to delete all negative information from your credit report. When they say yes, GET IT IN WRITING FIRST! In your negotiations with your creditors, be courteous and respectful. They will be only too happy to get something on the dollar, and you will come out ahead by being polite during the process. If you are really struggling to pay your bills, why not get some professional help? The National Foundation for Consumer Credit is highly recommended. It's a nationwide, nonprofit organization that will provide referrals to credit counseling offices in your area. Call them at 1-800-338-2227. Check above in the dipute letter section for debt settlement! If you would like to get a free quote on debt settlement go to the debt consolidation section of this manual and click on the links provided. IN SUMMARY Once you receive all of your reports, in about 2 weeks, carefully analyze each and every entry. Record every piece of information you might think is wrong or even slightly untrue. These records will become your disputes. Carefully, read and refer to the back of each credit report for in depth explanation of symbols and terminology of your credit report. Now in the following sequence, take these steps to clean up your credit file. 1. Make the list of inaccurate, and untrue statements or entries recorded on your credit file. 2. Call the bureaus and ask for dispute forms - most bureaus send these necessary forms with your credit report. 3. Fill these out mentioning the findings of #1. 4. After you properly complete the form, MAKE SURE YOU SEND IT VIA CERTIFIED MAIL! 5. When the credit bureau receives the dispute form, they will then attempt to contact the bank or credit institution responsible for reporting the derogatory information to your credit file. 6. After about 30-45 days you will be notified of the results of their findings, issuing a decision and an updated credit file. The result of our cases: Files totally wiped clean for the following reasons: The Lord is really good to me and he allowed my credit to be totally cleaned, alot fell off after the 7 year period and I started fresh with new credit cards with high interest rates in order to re-establish credit. My suggestion is be honest, Praise the Lord if it falls off and Praise the Lord if it doesn't but whatever you do Praise the Lord and I am sure you will gain his favor!!!
New Removing Derogatories Online - Good Credit in 30-45 days
Experian 1. Experian now offers online disputing. After you call or order your credit report, Experian will give you a confirmation number. Write this number down, this number is the same as your report number. So if you have been denied credit within the last 90 days and you called the number above (1-888-397-3742) and they issued you a confirmation number, then you are ready to view your credit report online: Go to the following address on the internet or click on the link below! http://www.experian.com/consumer/index.html Click on the option "Request an Investigation" Now just follow the instructions on the site to investigate each individual poor credit entry. First, click on "Potentially Negative Items" at the top of your screen, then click on the item you wish to dispute to gain more information about this creditor. Now click on request an investigation. The page will prompt you (off to the right hand side of the screen) to choose a reason for the investigation. Warning "never" ADD A STATEMENT TO YOUR CREDIT REPORT, this will further damage your credit and creditors never look at your personal statements nor do they help your overall score. If you have any current personal statements on your report have them removed immediately. Your best success will come from choosing the option that applies to your dispute and if one does not exist then choose other and explain your reason for the dispute, do not lie all liars go to the lake of fire (Rev 21:8), let the lord remove the derogatory with all honesty. The merchant will have to prove the accuracy of the debt. They must respond within 30 days of the investigation. Once again don't forget the scriptures Don't forget the Lord's 7 years of release. Ask all debts of 7 years or more to be released. Credit Inquiries must now be diputed on written forms and sent in via mail or called in via the number provided above. Did you know that excessive credit inquiries can damage your credit and lower your score. Have them removed if at all possible. Requests for your credit history and dispute all inquiries that you do not recognize. (These must be disputed by mail or phone) Experian will notify you by email after 30 days to review the results of your investigation. Note: Dispute all of your derogatories and excessive inquiries the same day, so that all will be deleted on the same day. That way on that 31st day .... You can apply for new credit or buy a Car like I did. Praise God! Live customer service for Experian 1-800-583-4080.
TransUnion With TransUnion you should wait to receive your credit report in the mail or order one online. Their site only offers a dispute section. Unlike experian you cannot view your credit file online, you can only submit individual disputes. Therefore, it is best to wait to dispute all entries on the same day so that in 30 days all of them fall off at the exact same time. Go to the following site and dispute all derogatories online: http://www.transunion.com/Personal/DisputeOnline.asp Click here to dispute your entries on your credit file Live customer services for TransUnion M-F 6:00 am - 4:30 pm PST 1-800-916-8800, but they will ask you for a file number but you may be able to get away with a social security. Call them to receive a 30 day scheduled date for your dispute. Write this date down and be sure to call them back on that day to see what has been deleted.
Equifax Live Customer Service 9-5 1-800-797-7024,1-800-797-6801 Equifax requires a Confirmation number which you can only get when you receive your credit report in the mail or purchase online. Go to this website address to dispute online: https://www.ai.equifax.com/eisc/ainv.html Click here to dispute your derogatories online Equifax wil not let you remove credit inquiries at this time, you must wait 2 years. Valuable Bonus Info: Most all mortgage companies run all 3 credit reports, so if you have applied for a home or second mortgage lately, then you are entitled to see all of your credit reports for Free! Most Automobile Dealerships run 2 to 3 credit reports TransUnion and Experian. It is best to wait until the 30 day period is met for all three credit reports. Based on my experience TransUnion is the slowest in getting your report mailed to you. Oftentimes they request additional information in the mail to verify your identity. When applying for credit, always ask the representative which report they run. This way you can pick and choose who to obtain credit from based on your best report. Most credit companies will not issue credit with a score less than 700 unless you are directly working with a bad credit company. To receive a 700 score you need at least 4 current/paid ontime accounts of 6 months or more. 1 account at least a year. You need low income to debt ratio. Don't max out any creditor. Keep equal or less than half of your credit limits open, try to have at least one paid in full every month. One installment loan of some sort (car or personal loan) at least 6-12 months old paid/never late. And only 7 credit inquiries in a year.
Who Uses what Report
1. American Express - Experian
Additional Note: Some creditors may attempt to buy debt which is more than 7 years old and try to re-enter the debt on your credit file after the legal time limit. Please update all of your current account information to the credit bureaus by supplying your new information and deleting obsolete information from your file, such as old addresses, jobs, and phone numbers. View the dispute letter provided above
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