So, here's the scoop.
While learning how to fix my credit score I uncovered some insider credit repair tips: did you know that you can sue a collection agency or creditor? Depending on the violation you may also be able to sue one of the big three credit bureaus.
Why and how, you ask? Great questions...
I'll tell you.
Credit bureaus, creditors and collection agencies are regulated by the federal government.
This means that they have to follow certain standards and laws.
Just like you, if they break the law, there are consequences.
I'm going to give you 7 specific examples of laws that are commonly broken, who breaks them and how, and what that means for you money-wise.
Learning how to fix my credit score took a lot of time and could for you as well.
These specific credit repair tips could help you be compensated for that time.
Before I go into the 7 laws I want to coach you on how to capitalize when they are broken.
You need to be meticulous in your record keeping.
Take notes of who calls, what time and what day, what they say, what they send you in the mail, what you send them in the mail, etc.
If you do send them something in the mail, send it registered mail so you can prove they received it.
I learned how to fix my credit score by being meticulous.
For each collection on your credit report, I'd suggest making a file folder to keep all your notes and documentation.
The better documented your case is, the better chance you have of winning your lawsuit.
That's the most important of all credit repair tips; document, document, document! 1.
Who: Collection agencies if they don't validate your debt upon request and still continue to pursue collection activity; i.
e.
file for judgment, call or write to you.
Why: Fair Debt Collecting Practices Act (FDCPA) Section 809 (b) and FTC opinion letters Cass and LeFevre.
How much: $1,000 per incident.
2.
Who: Collection agencies if you have sent them a cease and desist letter and they still call you.
Why: FDCPA Section 805 (c).
How much: $1,000 per incident.
3.
Who: Collection agencies if they don't validate you debt upon request but still report the collection to the credit bureau(s).
Why: FDCPA) Section 809 (b) and FTC opinion letters Cass and LeFevre.
How much: $1,000.
4.
Who: Collection agencies if they call you before 8am or after 9pm.
Why: FDCPA 805 (a) (1).
How much: $1,000 per incident.
5.
Who: Collection agencies if they call your place of employment knowing or having reason to know your employer prohibits you from receiving such communication.
Why: FDCPA Section 805 (a) (3).
How much: $1,000 per incident.
6.
Who: Collection agencies if they call any private third party about the debt (i.
e.
friends, neighbors, family.
) Exceptions they can contact are your attorney, the original creditor or their attorney, or a credit reporting bureau.
Why: FDCPA Section 805 (b).
How much: $1,000 per incident.
7.
Who: Creditors who pull your credit report without permissible purpose.
Why: Fair Credit Reporting Act (FCRA) Section 603 (A) (3).
How much: $1,000 per incident.
Well, there you go.
In Killer Credit Repair Solutions, packed full of info on how to fix my credit score, you'll find sample letters used to battle the collection agencies and file a lawsuit against them.
It also goes into depth about where and how to file the lawsuit and what to expect when you go to court.
With proper documentation and planning, you can really make a collection agency pay for violating the laws that govern them.
I referenced the Fair Debt Collection Practices Act and Fair Credit Reporting Act.
Both of these documents can be found online at the FTC's website.
While learning how to fix my credit score I uncovered some insider credit repair tips: did you know that you can sue a collection agency or creditor? Depending on the violation you may also be able to sue one of the big three credit bureaus.
Why and how, you ask? Great questions...
I'll tell you.
Credit bureaus, creditors and collection agencies are regulated by the federal government.
This means that they have to follow certain standards and laws.
Just like you, if they break the law, there are consequences.
I'm going to give you 7 specific examples of laws that are commonly broken, who breaks them and how, and what that means for you money-wise.
Learning how to fix my credit score took a lot of time and could for you as well.
These specific credit repair tips could help you be compensated for that time.
Before I go into the 7 laws I want to coach you on how to capitalize when they are broken.
You need to be meticulous in your record keeping.
Take notes of who calls, what time and what day, what they say, what they send you in the mail, what you send them in the mail, etc.
If you do send them something in the mail, send it registered mail so you can prove they received it.
I learned how to fix my credit score by being meticulous.
For each collection on your credit report, I'd suggest making a file folder to keep all your notes and documentation.
The better documented your case is, the better chance you have of winning your lawsuit.
That's the most important of all credit repair tips; document, document, document! 1.
Who: Collection agencies if they don't validate your debt upon request and still continue to pursue collection activity; i.
e.
file for judgment, call or write to you.
Why: Fair Debt Collecting Practices Act (FDCPA) Section 809 (b) and FTC opinion letters Cass and LeFevre.
How much: $1,000 per incident.
2.
Who: Collection agencies if you have sent them a cease and desist letter and they still call you.
Why: FDCPA Section 805 (c).
How much: $1,000 per incident.
3.
Who: Collection agencies if they don't validate you debt upon request but still report the collection to the credit bureau(s).
Why: FDCPA) Section 809 (b) and FTC opinion letters Cass and LeFevre.
How much: $1,000.
4.
Who: Collection agencies if they call you before 8am or after 9pm.
Why: FDCPA 805 (a) (1).
How much: $1,000 per incident.
5.
Who: Collection agencies if they call your place of employment knowing or having reason to know your employer prohibits you from receiving such communication.
Why: FDCPA Section 805 (a) (3).
How much: $1,000 per incident.
6.
Who: Collection agencies if they call any private third party about the debt (i.
e.
friends, neighbors, family.
) Exceptions they can contact are your attorney, the original creditor or their attorney, or a credit reporting bureau.
Why: FDCPA Section 805 (b).
How much: $1,000 per incident.
7.
Who: Creditors who pull your credit report without permissible purpose.
Why: Fair Credit Reporting Act (FCRA) Section 603 (A) (3).
How much: $1,000 per incident.
Well, there you go.
In Killer Credit Repair Solutions, packed full of info on how to fix my credit score, you'll find sample letters used to battle the collection agencies and file a lawsuit against them.
It also goes into depth about where and how to file the lawsuit and what to expect when you go to court.
With proper documentation and planning, you can really make a collection agency pay for violating the laws that govern them.
I referenced the Fair Debt Collection Practices Act and Fair Credit Reporting Act.
Both of these documents can be found online at the FTC's website.