1st Phase of our program is to set up your Real Estate Credit Coach account.
Our online system will help you:
2nd Phase of our program is ordering your credit report.
Our online system will show you how to:
3rd Phase of our program Is understanding your legal rights. This is information that everyone should become familiar with for this journey.
The Fair Credit Reporting Act (FCRA), 15 USC sections 1681a through 1681t, protects you against credit abuse that might result in an unfair description of your creditworthiness. Knowing the following six basic rights is essential if you are to successfully erase the negative marks in your credit report.
Right #1. You are allowed to challenge the accuracy of your credit report at any time.
Right #2. The credit bureau must reinvestigate anything you challenge.
Right #3. The credit bureau must reinvestigate the disputed information within 30 days. The time begins when the bureau receives notice of the dispute from the consumer. The only exception to the 30-day rule: when the consumer sends the bureau additional material within the 30-day period. The bureau may extend the deadline for a maximum of 15 days.
Right #4. If the credit bureau finds any error, it must promptly delete that erroneous information from its files.
Right #5. If the bureau cannot or does not confirm the information you have challenged within a reasonable time, it also must delete that information from your files.
Right #6. If a creditor verifies the information and the bureau responds in a timely manner, the negative marks must remain on your record. But if you maintain that the information reported is in dispute, you have the right to submit a Consumer Statement of your view of the problem.
In other words, if you as a credit consumer dispute the accuracy of certain information in your report and receive no satisfaction from the bureau or the creditor, then the credit bureau is required by law to attach your explanation to every copy of the report it sends out. You may ask the credit bureau for assistance, but in that case, the bureau can limit the statement to 100 words.
4th Phase of our program is to work through the Validation and Dispute Resolution Process.
Our online system will guide you through:
The proper steps to mail out letters for results and tracking
5th Phase of our program is to get rescored and assess your new score.