How to remove ACCURATE negative accounts

0 for the very first video I chose to choose something extremely standard so Im going to cover two different things so Raymond Davis said he wishes to discover about the credit terms such as charge-offs collections etc and what the differences are and then I do not buy a bull when to learn to eliminate a precise not unreliable but accurate unfavorable accounts thats running their credit so what I did was I just made a one pager and you can find the link to the sound description box so we have collections third-party collections financial obligation buyer charge offs repossessions foreclosures working with freeze and late payments so very just collections that are 3rd party is generally when the initial financial institution I you know can not collect on a financial obligation and they employ a debt collector to try to recuperate the debt um so neither the initial creditor or the debt collector are paid unless the debtor in fact pees on this and the arrangement would look here like 40 60 or 60 40 Im cher show what that would mean is that if the debt is $100 then you know someone wont get 60 bucks and someone would offer 40 dollars if its paid on or no vice versa so a debt collector and as a financial obligation purchaser is a bit various so the example that I utilized is the same example in the short article that I shared the other night where Capital One is initial financial institution and they offer a $10,000 financial obligation to portfolio healing on and off individuals say recovers will say recovery for $2,000 so portfolio healing is literally acquiring the debt for 2,000 but they can really try to gather $10,000 out of the $10,000 although they just paid $2,000 for it so Im Capital One composes off $8,000 alright so Im this is to a charge off is essentially you understand offered somewhere after 6 months to a financial obligation collector if theyre in fact one to offer the debt in some cases the original creditor in fact keeps the account and never offers it so that is the difference between those two collection types so then we have charge-offs so a chargaff is where Im the original financial institution can not recover the debt and they write it off as unrecoverable so this is kind of like we use an example with a Verizon typically does not offer to a debt collector although in some cases they do and I would state nine times out of ten I see it happen where they offer it to Jefferson next to that they keep it internal and they do not sell it and they essentially write it off alright so Im a foreclosure is either voluntary or uncontrolled and voluntary is certainly and after that you give the vehicle back and uncontrolled they came and like dove it from your driveway or you understand while you were at the taco stand whatever so a foreclosure that is extremely difficult to get off however if you do a google search you can actually find the a letter that can be utilized for accounts that are older than 2 years indicating the foreclosure occurred more than 20 years ago and they have not taking you to court and its really extremely reliable okay so foreclosures thats where the home mortgage property is recovered after the home mortgage or stops working to pay and tough inquiries so a creditor inquired into a consumers credit report in the inquiry reveals as you know lender name and the date they tattooed persisted and then lastly late payments I do not have you know any public records on here those are really very easy to understand insolvencies tax liens expulsions however a late payment happens when the consumer does not spend for an account on time or within the grace duration you understand if theres in fact one that exists so some consumers argue that they were not thirty days late which they were just ten days late however I mean regardless of ten days or 30 days they still check out part I sees me report thirty days due to the fact that were not going to report you is ten or eleven quickly Im the second thing was getting rid of accurate negative accounts so basically what Im mentioning here is a weather condition and account is precise or inaccurate reported on ones credit it must be lawfully validated so how do you in fact get an accurate negative account remote so basically you require to get them to legally validate it when I say unlawfully that indicates that they cant just state to the customer excuse me that the financial institution has validated the customers account so an account may mention that a consumer has a balance of $10,000 however whether its reporting to properly were inherently you know I must be legally validated by initiating an investigation with a credit bureaus so to eliminate and accurately list an item lets say that a customer does in fact over 10 thousand bucks you know that indicates that the balance is accurate however what about the other aspects of the account such as the open date monthly payment high balance last payment date etc so you require to take a look at the entire account literally the whole shebang so if the account was disputed was a needed knows these few gotten in within the required 30-day timespan from the date they received the notice to be the dispute letter for section 6 twenty three it actually needs to state contested by consumer or you know something like that alright so if not then its not reported accurately and the count needs to be eliminated or did they send proof that the balance is reported precisely or did they just say that the financial institution confirmed it so another example would be if a $10,000 account is charged off insult an LVN be not l and being then they need to report it as sold since they no longer own the account so if the collector now reports the financial obligation on the credit report theres only one that can report the bounce so I imply is it precise that the 10 thousand dollars you know that the $10,000 account was offered yes is it accurate that ovn be known as I can yes but what about whos recording the balance and whether the initial account as you reported precise we properly concerning the ownership so you need to look at the whole breakdown of the account you can even take a look at things like the account terms which account type so simply because something is reporting precisely whether that be the balance or Im you understand the regular monthly payment or whatever you require to look at the each and every single component of the account and I understand that Im reiterating it however thats very extremely essential so it does not matter whether you own that account where there it you understand you understand about it whether the balance is precise whether the open date is precise take a look at the other things and conflict whatever you can in order of significance like Ive shown you in other videos and youll have the ability to get that account removed because remember it needs to be lawfully verified okay due to the fact that otherwise theyre simply reporting whatever the hell they desire to due to the fact that theyre being paid to do so fine saying you actually have to force them to start an investigation so Im I am going to be posting another one next Wednesday or Thursday more than most likely its going to be Wednesdays so 10:00 p.m.Eastern Standard Time and this week Sunday is going to be another live giveaway and its going to be to a mother since its Mothers Day so if you d like your complimentary consultation for a credit sweep you can schedule yours today at expert credit sweeps Calm forward slash book – online which is this link that you see right here all right additional credit weve comp or slash book – online if you require help and you d like me to take over your credit suite so I Read More: How to Easily Raise Your Scores– Even with Poor Credit

Originally posted 2020-03-05 16:15:48.