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Now Is The Time To Fix Your Credit Score. Why?

Discussion in 'BlackHat Lounge' started by biginch, Sep 2, 2009.

  1. biginch

    biginch Regular Member

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    Outside of BHW and IM we all do have a life we have to maintain and unfortunately it is based upon our credit scores...

    I know this is off topic of IM but this is something that affects many daily... Being able to fix your credit can help in any business decisions you may have down the road, especially when it comes to investments.

    So now is the time to dispute any issues you feel don't belong on your score. Any inquiries or any debts that are paid off but continue to stay on there, that ultimately affect your score.

    So why is now the time to start disputing your credit report?

    Because its the end of the year... The holidays are coming, vacations are coming, and a lot of people will be applying credit in the next coming months. What this means is that is betters the odds of them not replying to your dispute in the 30 day time frame due to the fact that so much is going on... All this info has been given to me by a friend who is a big time lawyer.

    By law each credit agencies has 30 days to respond to your dispute or they have remove from credit...

    Steps to proceed:

    1. Get a free credit report. Each person is allowed 1 free a year. I would suggest not going with ****************.com (obviously they cost money). According to ftc.gov, annualcreditreport.com is the only authorized source to get your free report.

    2. Go through all reports from all 3 agencies and see what you think doesn't belong or would like to have taken off.

    3. Prepare a letter that you will send to all 3 agencies. You can find many example letters online, just search Google. Here are addresses to 3 agencies:

    Code:
    Equifax
    P.O. Box 7404256
    Atlanta, GA 30374-0256
    
    Experian
    Dispute Department
    P.O. Box 9701
    Allen, TX 75013
    
    TransUnion
    Consumer Solutions
    P.O. Box 2000
    Chester, PA 19022-2000
    4. Send your dispute... My suggestions would be wait till first couple weeks in November. That is the prime time that everyone starts to get ready for the holidays. Shopping, vacations and many applying for credit cards and such. Make sure you postmark your letters, because they have 30 days to respond...

    Here is my BlackHat technique. There are 20,000 members here. Imagine if 5,000 people wanted to dispute your report. All 5,000 people will do all the preparation necessary and get ready to mail on the same day in November. This means that each agency will get all 5,000 pieces of mail within days along with all the other issues they have to worry about. This can only mean that it will make it harder for them to get their response back in the 30 day time frame.

    What would you do if you had 5,000 pieces of mail show up at your house... I would freak out.

    So anyway, its time to stop getting screwed when you apply for anything and take back your credit...

    Who would like to do a BHW credit JV?
     
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  2. angelas111

    angelas111 Jr. VIP Jr. VIP Premium Member

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    well, i always filed my disputes online. and if its an old account the original creditor normally doesn't respond and it gets removed. i have quite a few things taken off this way. but that is a great idea though.
     
  3. BalingDazzer

    BalingDazzer Regular Member

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    If anyone wants to get a free credit report using my affiliate link I wouldn't mind :)
     
  4. fcuku

    fcuku BANNED BANNED

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    Do you know if same apply to Canadian residence? I wish to see my credit report this year but want to get it for free obviously. There are couple of things I want to dispute with the credit agency.
     
  5. creditwrench

    creditwrench Newbie

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    First of all, you are spreading a bit of disinformation. You say they have only 30 days to reply to your dispute. Wrong! They have 30 days to complete their investigation and an additional 15 days within which they must reply. It normally only takes about 7 days or slightly less but can get extended at such times as holidays.

    To make matters worse, this trick is so old I like to have kicked the slats out of my crib when I first heard about it. Yes, it used to work but not anymore. They hire enough extra holiday help to make sure it don't work anymore.
     
    Last edited: Sep 9, 2009