Skip to main content

9 most common credit report inaccuracies to dispute for credit sweeps


Today we're talking about the 9 most common credit report inaccuracies for credit sweeps and I'm going to show you how to use them to get deletions. You can learn more about https://vault.my740.com or schedule a call with me for a credit sweep at https://my740.com. We cover: Missing creditor name and account number Incorrect balances and collections Incorrect credit limits Collections wtih a credit limit Late payments after the account is closed Undated late payments Incorrect account types Date of last activity Date verified discrepancies Missing creditor name and account number - this is the least potent of factual errors to look for but can be used if there are no other factual errors. The credit bureaus may just correct or update it but you can contact the creditor if this happens to find out if the bureaus did their job with the investigation to begin with. Incorrect balances - this is most common with collections because the debt collectors want to inflict as much damage as possible to the consumer's credit score in order to coerce them into paying. Incorrect credit limits - banks will often not report the actual credit limit and will instead report the high balance owed as the credit limit Collections with a credit limit - this is a no-no. May inflict more damage to the credit score Late payments after closed - If the account is closed or charged-off there hsould be no delinquencies after the close date. If the account's close date is not listed on the report, you can get it from the creditor Undated late payments - look for undated late payments - there's no date, how do you know it's accurate? Incorrect account types - another common reporting mystery is when a charge-off is an "open account". It's impossible for a charge-off to be an open account. Date of last activity - time stamp of when the account was last permanently delinquent Date updated or verified discrepancies - when an item comes back as verified, don't always believe it. It's required to be updated when the account was verified and when it's not, they did not investigate 🔮 SUBSCRIBE TO MY CHANNEL 🔮 https://www.youtube.com/c/ExpertCreditSweeps?sub_confirmation=1 ✨ Check out all 3 credit reports and scores with the same credit monitoring I show in my videos and use for my clients with IdentityIQ: ✨ https://member.identityiq.com/help-you-to-save-money.aspx?offercode=431134PT 🧙‍♀️ GET HELP WITH YOUR CREDIT JOURNEY DIY awesome free tools, tutorials and downloads - https://vault.my740.com 🦸‍♀️ DFY credit sweep service free consultation 🦸‍♀️ https://my740.com Let's jump on a call and see if I can help! *I may receive compensation for external links, such as IdentityIQ

Comments

Popular posts from this blog

Tips for my brokers; Craigslist, Facebook, websites, advertising and more!

I work 90% with brokers, 10% with clients, and I actually prefer to work with brokers, as I have contact with only one person instead of 300 clients. So considering there are 528 of you brokers, I figured that I would post some tips and tricks for my brokers. I will break it down into sections to make it easier reading, and if you have any questions, comments or suggestions, let me know! Advertising Advertising can be a serious pain in the butt, and it is utterly necessary for a business like this one. I will give you a couple of suggestions that work for me. I am mostly just word of mouth now and do not need to advertise, as I have thousands of clients, but there are days when I do put my business out there again for new clients. Craigslist It is quite difficult to advertise with CL now, but there are tons of ways to get around being flagged or to prevent it from happening. CL is the 4th most visited site in the  world , so that right there should tell you that you need to

3 Resons why you should wait to apply for new credit

Applying for new credit before all derogatory items are deleted: My advice to my clients is always the same: wait until you're done with your credit repair or credit sweep program, but have a strategy to move forward from there. Here's a few reasons why: #1 you may be denied if you still have 1-2 items remaning and will end up with new inquiries that will drop your score #2 it may hinder the process of removing the last few items and can add 1-3 months to the timeframe #3 you may be approved with a very low limit and would have to wait 3-5 months prior to requesting an increase. In comparison, you can wait til everything has been completed and obtain a higher limit right off the bat. Here's a real-life example: I have a client would only has 4/86 negative items remaining and he wanted to move forward with his mortgage. I advised him to wait because (see #1) it would add inquiries and he may not be approved. He'd mentioned tha

How to Lower Debt to Income Ratio Without Paying a Dime (Mortgage Loan)

If you want to get approved for a higher mortgage loan amount and lower your debt to income ration without paying anything, watch this video! If you would like to get a free credit sweep consultation head to https://my740.com. You can learn how to legally and permanently remove negative items from credit reports with confidence at https://sendmeto.co/steroids. Client results playlist https://www.youtube.com/playlist?list=PLCkW-fTkIGnxOdGjZrudHSn-ygbYuWuQO Violations video 1 https://www.youtube.com/watch?v=fMOe-xaGW-0 Violations video 2 https://www.youtube.com/watch?v=woZS_VI-Pts Links: Credit repair course on steroids: https:/sendmeto.co/steroids Guaranteed Deletion Debt Validation Dispute Method: https://sendmeto.co/vod2 EvolutionLine Method Workshop: link coming soon Dispute Funnel Workshop: link coming soon All courses: https://sendmeto.co/courses Live Automation: https://sendmeto.co/auto Credit Sweep Secrets Playbook: https://sendmeto.co/getmycheatsheet Advanced Credit Sweep Ta