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Tips & Tricks
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www.equifax.com 800-685-1111 Dispute Online: http://tinyurl.com/2tom6g Dispute By Phone: 866-244-1477 www.experian.com 888-397-3742 Dispute Online: http://www.experian.com/disputes/index.html Dispute By Phone: 888 397 3742 www.transunion.com 800-888-4213 Dispute Online: http://annualcreditreport.transunion.com/entry/disputeonline Dispute By Phone: 1-800-916-8800 Opt-in or Opt-out of Credit Card Offers https://www.optoutprescreen.com/opt_form.cgi or call -888-5-OPTOUT Statute of Limitations on Debts
Collector Tricks What to Do After You File Your Lawsuit: Making a Discovery Plan
Request for Production You should demand a collector to "produce" documents that support their case. They will need to produce documents that prove you opened the account and they will need to prove you spent the money that they are accusing you of owing. If they have no proof they will lose in court, and they know it. You could file for a summary judgment and not only will they lose their case they will owe you attorney's fees and costs. Request for Admission A discovery procedure, authorized by the Federal Rules of Civil Procedure and the court rules of many states, in which one party asks an opposing party to admit that certain facts are true. If the opponent admits the facts or fails to respond in a timely manner, the facts will be deemed true for purposes of trial. A request for admission is called a "request to admit" in many states. Interrogatory Written questions designed to discover key facts about an opposing party's case, that a party to a lawsuit asks an opposing party (but not a witness, who can only be questioned in person at a deposition). Interrogatories are part of the pretrial discovery stage of a lawsuit, and must be answered under penalty of perjury. Court rules tightly regulate how, when and how many interrogatories can be asked. Lawyers can write their own sets of questions, or can use form interrogatories, designed to cover typical issues in common lawsuits. Keep in mind collectors are licensed and bonded to protect their customers, the creditor. Not only the debtor. They will often collect the money from you and never pay the original creditor! If you are going to work out a deal, do it with the original creditor if possible. They may offer you a credit card just to get credit info. They may send a check calling it an overpayment. When you cash it they know your bank account number. They may send a letter to your employer as if they are using them as a credit reference. They may call the phone company as if you are using them as a credit reference. If a collector won't work with you, send a "cease and desist letter." Since they can't contact you anymore, this will cause them to sell the debt to another collector. Every time the debt is sold it costs the next collector less money so in turn they can make a deal with you for less money. Tips and Tricks Under the Law of Agency original creditors can be held responsible for the actions of the debt collector and taken to court as a co-defendant. See http://en.wikipedia.org/wiki/Agency_(law) Too many inquiries can red flag you. I've seen people with good scores turned down SOLELY for too many inquiries. Even though FICO.com suggests to you multiple inquiries will only count as one I would think twice about believing this. I've seen it go down in practice regardless of what they claim. It may take a month to show but it will decrease your score. Read carefully what they write below. If it sounds a little confusing ask yourself why. Why don't they simply say, "all Auto and Mortgage Inquiries made in a thirty day period count as one?" Why does it take a whole paragraph to say what could be said in a short phrase?
If all you have is credit cards, taking out an installment loan or mortgage can cause you score to skyrocket. Even if you only only finance a small amount. |