• Author / Uploaded
• matt

• Categories
• Historial de crédito
• Buró de Crédito
• Documento de identidad
• Autenticación
• Información del gobierno

Citation preview

“The Section 609 Credit Repair Letter” INTRODUCTION: Cleaning your bad credit is not difficult. In fact, cleaning your credit is relatively easy – provided you have the right information. The attached “Section 609 Attorney Credit Repair Letter” is the correct information. Don’t let the simplicity of this letter fool you. It works. Although results do vary and it may take you a few “rounds” of sending the letter, eventually this method of cleaning your credit will work to completely clean your credit file of everything that you want removed.

Here is WHY it works: There are three main Credit Reporting Agencies (CRAs) or bureaus. They are Equifax, Experian and TransUnion. When you engage in a credit transaction with a bank or other creditor – normally this information will be reported to the CRAs and placed into your “credit file” which is indexed under your social security number. It is important to understand that this method of reporting is completely electronic. There is no verification or review of any signed contract or documents. Each month your bank or creditor sends an “electronic file” with the details of your account to the CRAs and they simply place the information into your credit file with NO VERIFICATION as to whether the account is valid, the information is correct or whether the creditor even has the right to report it!

Page 1 of 

Basically the three main credit bureaus give the creditor the benefit of the doubt that they are reporting accurate information. The problem with this method of reporting is that ANY CREDITOR can essentially report whatever they want about you whether it is correct or not. The Federal Government saw a big problem with this method of reporting so they passed the Fair Credit Reporting Act (FCRA) which governs all Credit Reporting Agencies and how they report information about you. Under Federal law, all Credit Reporting Agencies MUST VERIFY ALL INFORMATION received from creditors BEFORE this information is added to your credit file.

Proper verification rightly involves actual review the original signed

creditor contract document that you signed when you opened a credit account in order to verify that the account is valid and correct. But since reviewing millions and millions of paper documents in this fashion would be extremely difficult and cost a fortune in man power – the Credit Reporting Agencies simply DO NOT verify accounts in this manner. No verification of original signed contract documents ever takes place between the creditor and the Credit Reporting Agency. The CRA just reports the information provided by your creditor and falsely “assumes” that it is valid and correct simply because it is being reported. And when asked to VERIFY the information – the CRA will simply send an electronic communication to the creditor asking “is this information correct” and the creditor will usually respond “yes this information is correct”. The MADNESS is NO ONE EVER ACTUALLY VERIFIES THE ACTUAL SIGNED CONTRACT ACCOUNT DOCUMENTATION. Most consumers HAVE NO IDEA that this is taking place. The Credit Reporting Agencies are in violation of Federal Law and they know it. But since most consumers do not know their rights - they don’t do anything about it. Until now. Although well over 70% of credit reports have errors on them, the vast majority of negative items on a typical credit report are in fact VALID. Therefore, if you simply dispute all the negatives on your report using a traditional disputing process, those

Page 2 of 

that are valid will most likely be “verified” by the credit reporting agencies and remain. Nothing will change.

For this reason, many people falsely believe there is

NO HOPE in removing “valid” derogatory information from their credit report and essentially give up. But nothing could be further from the truth. With the Section 609 Attorney Credit Repair Letter, it doesn’t matter whether the negative account is valid or not. This letter works because it disputes the CREDIT REPORTING AGENCIES’ RIGHT TO REPORT THE NEGATIVE and NOT whether the account is valid or not. The Section 609 &redit Repair Letter simply requests under Federal Law that the Credit Reporting Agency (Experian, Equifax or TransUnion) provide you a COPY of the original creditor contract which they (“SHOULD HAVE”) USED to verify the account as being valid and correct. The CRAs are required under federal law to keep this information on file. But since the CRAs DO NOT verify the account information – they DO NOT have this information on file and as a result they CANNOT provide it to you. Under the FCRA, Credit Reporting Agencies must provide a copy of the verifiable original creditor documentation if it is requested by you the consumer. Since they cannot provide verification to you in the form of a physical contract document per your written request to do so – the account is classified as UNVERIFIED and under the FCRA – all UNVERIFIED accounts MUST BE DELETED. Whether the account is correct or not – makes no difference. If the CRA cannot provide you physical verification of the account – it is an UNVERIFIED account and MUST BE DELETED. This is WHY and HOW the Section 609 Credit Repair Letter works. Keep in mind results will vary. You may send a letter and get virtually all of your derogatory information removed. Or you may send a letter and only get a few accounts removed. It is important to be diligent and persistent. If after the first “round” of letters – derogatory information remains then simply send the letter

Page 3 of 

again emphasizing that this is your “2nd Written Request” to receive verifiable proof of the account or have it deleted. Eventually, you will find that your derogatory accounts will begin to disappear. For some people it happens quickly and is quite easy and for others it can be a fight. So be prepared to go a few rounds of letters if required.

What to Expect: When you send in your certified letter to the CRAs – many times they will attempt to disregard your request and send you bogus reply communications. Expect to receive any number of responses that may try to intimidate you from pursuing the issue further. Experian, Equifax or TransUnion may send you a communication saying something like this:

“We received a suspicious request regarding your personal credit information that we have determined was not sent by you. We have not taken any action on this request and any future requests made in this manner will not be processed and will not receive a response.” Oh really? Exactly HOW did they “determine it was not sent by you”. The letter was notarized and included a copy of your SSN & ID Card.

To further scare you into submission, they may also include something like this:

“Suspicious requests are taken seriously and reviewed by security personnel who will report deceptive activity, including copies of letters deemed as suspicious, to law enforcement officials and to state or federal regulatory agencies.” DO NOT BE FOOLED BY THIS!!! These are nothing but scare tactics to intimidate you into giving up.

Page 4 of 

If you notice the Section 609 Credit Repair Letter is NOTARIZED and you must include a copy of your ID and Social Security Card. By providing all of this information, there is no question whatsoever that YOU are the one making the written request. If you do happen to get some resistance from the CRAs – don’t be alarmed and DO NOT give up. Just send the letter again and remind them it is your 2nd Request! Keep sending the letter DEMANDING the CRA either provide the verifiable proof or DELETE the item. It may take a few letters and determined persistence but all “unverified” items must be deleted. In the extreme case where the CRAs try to ignore your multiple written requests, you can file a lawsuit and sue the CRA for damages under the Fair Credit Reporting Act (FCRA) and/or file a formal complaint with the Federal Trade Commission (www.ftc.gov) for violations of the FCRA. You can file your complaint here: https://www.ftccomplaintassistant.gov

Let’s Get Started Cleaning Your Credit: Under Federal Law, once per year - you can receive a FREE credit report from each of the three main Credit Reporting Agencies. Step 1: Pull a Credit Report from Experian, Equifax & TransUnion. Go to: http://www.annualcreditreport.com to get your FREE reports (Note: if you have already used your free report for the year – you may have to purchase a new report)

Page 5 of 

Step 2: Review Each Report & Identify NEGATIVE Items to Remove 8VHthe “Section 609 Credit Repair Letter” for Experian, Equifax or TransUnion and simply copy the negative information from your corresponding credit report into the letter to send to the Credit Reporting Agency. Note: Only dispute a maximum of 22 accounts at one time. Attempting to dispute more than 22 accounts at one time could cause the CRAs to classify the dispute as frivolous. Example: You review your Equifax report and determine you have (3) negative accounts to remove. Simply open the “Equifax Section 609 Attorney Credit Repair Letter” and type in the details from the negative accounts you want removed. That is it!

Step 3: Notarize Letter & Include Copy of Social Security & ID Card Once you complete each letter, simply have your signature notarized, include a photocopy of your Social Security and ID Card (Driver’s License or Passport) as proof of identity and mail the letter CERTIFIED MAIL. (This will enable you to track delivery of your letter and provide proof that it was received by the CRA)

The next step is to watch the mail closely for responses from the CRAs. If you receive a response and some negative items were not removed AND the CRA DID NOT provide you written verifiable proof per your written request – then send the letter again. RINSE & REPEAT as they say. It is recommended that you open (3) file folders – one for Equifax, Experian and TransUnion and keep very detailed records of your communications with each Credit Reporting Agency. It is important that you establish a paper trail history of your efforts to enforce your consumer rights under the Fair Credit Reporting Act. DOCUMENT EVERYTHING IN WRITING. Keep copies of letters, certified mail receipts, response letters, notes etc. Over time, you will build a very strong case against the CRA and this evidence will be invaluable should you ever have to go to the unusual extreme of filing a lawsuit to seek damages.

Page 6 of 

January 1, 2010 John Consumer Address City, State Zip SSN: 000-00-0000 | DOB: 1/1/1970 Credit Bureau Name Address City, State, ZIP According to the Fair Credit Reporting Act, Section 609 (a)(1)(A), you are required by federal law to verify - through the physical verification of the original signed consumer contract - any and all accounts you post on a credit report. Otherwise, anyone paying for your reporting services could fax, mail or email in a fraudulent account. I demand to see Verifiable Proof (an original Consumer Contract with my Signature on it) you have on file of the accounts listed below. Your failure to positively verify these accounts has hurt my ability to obtain credit. Under the FCRA, unverified accounts must be removed and if you are unable to provide me a copy of verifiable proof, you must remove the accounts listed below. I demand the following accounts be verified or removed immediately. Name of Account Creditor 1 Creditor 2 Creditor 3 Creditor 4 Creditor 5 Creditor 6 Creditor 7 Creditor 8 Creditor 9 Creditor 10 Creditor 11 Creditor 12 Creditor 13 Creditor 14 Creditor 15 Creditor 16 Creditor 17 Creditor 18 Creditor 19 Creditor 20 Creditor 21 Creditor 22

Account Number

Provide Physical Verification

1234567890 etc

* Please remove all non-account holding inquiries over 30 days old. * Please add a Promotional Suppression to my credit file.

Thank You, {YOUR NAME HERE}

Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account Unverified Account

IN WITNESS WHEREOF, the said party has signed and sealed these presents the day and year first above written. Signed, sealed and delivered in the presence of:

{PRINT YOUR NAME HERE}

__________________________________

_________________________________

Witness 1 Print:

Signature

__________________________________ Witness 2 Print:

STATE OF COUNTY OF I HEREBY CERTIFY that on this day before me, an officer duly qualified to take acknowledgments, personally appeared { YOUR NAME HERE }, who is personally known to me or who has produced _____________________________________________ as identification and who executed the foregoing instrument and he/she acknowledged before me that he/she executed the same. WITNESS my hand and official seal in the County and State aforesaid this _____ day of ____________________ 2010. ___________________________________ Notary Public Printed Name: My commission expires:

COPY of SSN CARD

COPY OF ID CARD (Driver’s License, Passport or State ID Card)