Credit Rewind
This sounds too good to be true...however, a good friend of mine had a credit score of about 540. He got into real estate investing and could not get a loan. He talked to a hard money lender who suggested "credit rewind". This is a company that helps people fix thier credti. Has anyone used credit rewind? If so, what was your experience? My friends credit score is now over 700.
The website is www.creditrewind.com
:-D
Everything that credit "repair" companies do can be easily done yourself, without the cost. The process is fairly simple, get a credit report, dispute inaccurate (bad) things for whatever reason, wait 30 days, then rinse and repeat. There is a multitude of things you can dispute for each credit account, and eventually they will not return the necessary information in time or may have lost it. Either will result in the item being removed.
-Chris
[addsig]
is there something I can get ahold of that goes into this in detail???? this information would be gold!!!!! thanks!!!
Mike...
Try www.creditboards.com this is a GREAT website for resources.
Eric & Rosa
[addsig]
Hey, I am new to this board, so I hope to bring any resources I can to it. One of those resources is over 8 months of do-it-yourself credit repair experience.
Foremost, you need to remember that the essence of credit repair is legal in nature. The law applies independent of the character of the debt. So whether the debt is valid, or not, you as a consumer still have rights. Credit repair is about maximizing your use of those legal rights to the fullest extent possible in the least amount of time. Your legal rights are everything in the battle to restore your credit and you will successful insofar as you undertake the litigous mindset of a powerful attorney. Debt or no debt you will stand up for your rights come hell or high water.
There are terms thrown around the various forums (which I post at under multiple names)First, there are some acronyms you need to understand. OC=Original Creditor. CA=Collection Agency, CRA=Credit Reporting Agency.
Second, there are three major CRA's. TU=Trans Union, EQ=Equifax, and EX=Experian. If you have been denied credit in the last 60 days, you can get a FREE report from the CRA's. Each CRA has an automated 800 number system. If you want, you can call TU (800-916-8800), EQ((800-378-2732), and EX(800-583-4080) and bluff to the automated system that you were denied credit. They can't afford to keep track of the millions upon millions of credit denials/approvals that occur, so the bluff works flawlessly. Or you can pay or write and request a report. They all work. It's your choice.
Third, when you get your reports, don't
just jump the gun and start spamming the CRA's with disputes. You can dispute directly with the CRA's and remove 40-50% of your derogs. And thats after painstaking patience and persistence. Kind of like butting your head against a wall. If you keep butting, eventually you will get through some of the time, but after alot of headaches.
Me, I prefer to drill through the wall. And how do you do that? You do that by carefully crafting your communications with the OC's, CA's, and CRA's to maximize their chances of violating the law. You want to give them every chance you can to violate the law. And thereby build massive leverage against them so that not only do they pay your debt, but they retract derogatory comments at the CRA's as well.
Structure your communications to maximize their chances to violate the law. For instance, in a debt validation letter, include a partial cease and desist, and at the top beneath your name, include your cell phone number and home phone number. Then if some numbskall calls you, thats an instant violation. And if they call you on your cell, thats another. And if they don't give you your Mini Miranda, thats another. Virtually every time these people will contact you, they will violate the law in one way or another.
This will be your weapon to clean your credit, and maybe even be compensated financially by the people who formerly were trying to collect from you too.
Sounds like a credit repair "system" I was pitched... just $1995
Quote:
On 2004-05-23 00:43, creditech wrote:
Hey, I am new to this board, so I hope to bring any resources I can to it. One of those resources is over 8 months of do-it-yourself credit repair experience.
Foremost, you need to remember that the essence of credit repair is legal in nature. The law applies independent of the character of the debt. So whether the debt is valid, or not, you as a consumer still have rights. Credit repair is about maximizing your use of those legal rights to the fullest extent possible in the least amount of time. Your legal rights are everything in the battle to restore your credit and you will successful insofar as you undertake the litigous mindset of a powerful attorney. Debt or no debt you will stand up for your rights come hell or high water.
There are terms thrown around the various forums (which I post at under multiple names)First, there are some acronyms you need to understand. OC=Original Creditor. CA=Collection Agency, CRA=Credit Reporting Agency.
Second, there are three major CRA's. TU=Trans Union, EQ=Equifax, and EX=Experian. If you have been denied credit in the last 60 days, you can get a FREE report from the CRA's. Each CRA has an automated 800 number system. If you want, you can call TU (800-916-8800), EQ((800-378-2732), and EX(800-583-4080) and bluff to the automated system that you were denied credit. They can't afford to keep track of the millions upon millions of credit denials/approvals that occur, so the bluff works flawlessly. Or you can pay or write and request a report. They all work. It's your choice.
Third, when you get your reports, don't
just jump the gun and start spamming the CRA's with disputes. You can dispute directly with the CRA's and remove 40-50% of your derogs. And thats after painstaking patience and persistence. Kind of like butting your head against a wall. If you keep butting, eventually you will get through some of the time, but after alot of headaches.
Me, I prefer to drill through the wall. And how do you do that? You do that by carefully crafting your communications with the OC's, CA's, and CRA's to maximize their chances of violating the law. You want to give them every chance you can to violate the law. And thereby build massive leverage against them so that not only do they pay your debt, but they retract derogatory comments at the CRA's as well.
Structure your communications to maximize their chances to violate the law. For instance, in a debt validation letter, include a partial cease and desist, and at the top beneath your name, include your cell phone number and home phone number. Then if some numbskall calls you, thats an instant violation. And if they call you on your cell, thats another. And if they don't give you your Mini Miranda, thats another. Virtually every time these people will contact you, they will violate the law in one way or another.
This will be your weapon to clean your credit, and maybe even be compensated financially by the people who formerly were trying to collect from you too.
These sound like the kind of strategies that will get results. Look forward to hearing more.
What is a partial cease and desist? And how would I word it in a letter. This information is very helpful . Thanks! Jeff
What is a partial cease and desist? And how would I word it in a letter. This information is very helpful . Thanks! Jeff
Quote:
On 2004-05-29 16:17, studlee wrote:
What is a partial cease and desist? And how would I word it in a letter. This information is very helpful . Thanks! Jeff
A partial cease and desist is telling them to only contact you via mail. You don't send a cease and desist because if you are within the SOL the only option they have is to sue you.
I also suggest you check out creditboards and read until your head hurts, then read some more.[ Edited by LoneGunman on Date 05/30/2004 ]