Where To Ask This Question ? INC V.s. LCC ?
Hi there, I was wondering what are the pros and cons of each INC v.s. LCC I would love to see what is the best for me , I want to register my business. What is the best for protect ourselves about suits / demands and the best for deduct taxes
thanks
Ray
To get the item removed, go to www.annualcreditreport.com and get your free credit report from all three bureaus. Follow the directions given to dispute inaccurate information. This process can take over a month to complete.
If the account is being paid on time and your credit is otherwise acceptable, then your lender/broker can have their credit reporting agency contact the mortgage lender reporting the inaccurate information and update the report being used to make you a loan. This process can be completed in a day or so, and costs little or nothing. It will not change your credit score however.
If the account has late payments and/or is currently past due, it is affecting your credit score. If the inaccurate mortgage is the major or only item affecting your score the lender/broker can have a "rapid rescore" performed to have the three bureaus correct the inaccurate information within just a few days. Then your credit profile can be re-scored without the inaccurate information. The cost for this service is typically $25 per bureau per item. So $75 to remove one inaccurate item from all three bureaus. This service is only available from your mortgage broker/lender. Caution, a rapid rescore does not guarantee an increase in your score and can even result in a lower score in rare instance.
Could be too much credit or too many inqueries.
Laurie is 100% right, I know from experience