Chris PrefontaineSerious about making money in the real estate investment business? Free Webinar - REGISTER BELOW!, Smart Real Estate Coach · Chairman, Founder, 4x Best-Selling Author of "Real Estate On Your Terms," Forbes Business Council Member, 3x Inc 5000 Honoree, Global Rank TOP 0.5% Podcast Host

What's Changed Since 2019 In The Real Estate Space? #shorts

19 Nov 2024 · 1 min

Watch on YouTube

0:45

In this YouTube short, the speaker reflects on industry shifts since 2019, highlighting that credit bureaus have become significantly slower at handling dispute resolutions for credit repair. Previously, disputes were typically resolved within about 45 days, but new legislation now permits response times up to 90 days. This extended timeline means consumers—referenced by name as Chris and Nick—are not seeing the quick results they expect, creating a gap between expectations and reality in the credit repair process.

Chapters

What's changed since 2019? 2019, the year of COVID Much changed in the world as we know it. But in this industry, there's many things. And probably the most prominent out of them is how the credit bureaus handle disputes in terms of credit repair, how they handle disputes. They are slow, slow, slow. So they used to be like, how did it respond within 45 days? Now there's a lot of legislation that basically They can respond 90 days. So, Chris, you're not seeing those first results, Nick, until 90 days in. They're not seeing those results. So people have this expectation that things are going to happen quickly and they don't.