Basic Steps To Credit Disputing

Does the idea of going to battle with the credit bureaus and disputing items on your client's credit report scare you?

It's okay if it does.

You're not alone. The truth is, credit disputing is all based on the fact that it's your right or your client's right to repair their credit and to delete inaccurate, incomplete, and outdated negative credit history. Even accurate items can often be removed because very often there's something inaccurate about how they're reporting. The Fair Credit Reporting act and other laws, they give you the legal right to dispute anything on your credit report. Anything. So in today's episode, I'm going to take the overwhelm out of the disputing process and simplify it so that it's easy to do. Easy even for beginners. So stick around.

So the big question is this. How can we take our passion for helping people with their credit and turn it into a successful business without taking loans? Without spending a fortune by bootstrapping it from nothing so we can help the most people and still become highly profitable? That is the question, and this podcast will give you the answer. My name is Daniel Rosen, and welcome to Credit Repair Business Secrets.

If you want to get into credit repair or you want to repair your own credit, one of the first things you'll need to learn is how to dispute items on a credit report. Now, a lot of people are intimidated about what it means to dispute. Even the word dispute. It sounds like there's some confrontation involved. Plus, when you start to think of all the legal terms or processes that you might need to know, and it becomes overwhelming really fast. But the truth is, it is a fight. It's a fight between you and the credit bureaus. But when you know how to win and you're confident in the process, you can go in swinging and come out a winner. The basics of disputing are actually very simple. In fact, I'm going to break it down into just five steps for you today. Okay? And after you do all easy steps, you're going to have the confidence you need to get results for yourself and for your clients every single time. Here's why this is important. The best method to remove inaccurate or unverifiable information from a credit report is with the dispute process. Under the federal Fair Credit Reporting act, also called the fcra, people are given the right to dispute any items on their credit reports that they believe to be incomplete, inaccurate, unverifiable, or untimely. If the items can't be verified, they must be removed. That's it? The idea is if they can't prove it, they must remove it. And this is the basis of all credit repair. Removing inaccurate or unverifiable information on a credit report is one of the fastest ways to increase your client's credit score and get them into the home or the car that they may have previously been denied for. Now, the bureaus, they're huge and they're really sloppy and they make a ton of mistakes and they know it. That's why they have this disputing system in place. 79% of all Americans, that's nearly 8 out of 10 people, have errors on their credit reports and it's costing them hundreds and thousands of dollars each month in inflated interest rates. So helping them is a way you.

Can truly change lives.

So here's what you need to know to be successful at disputing. Step number one, Get a copy of your client's credit reports from each of the three major credit bureaus, Equifax, Experian and TransUnion. But don't get them from the bureaus, get them from a credit monitoring service. You can actually get it for a dollar. Well, $1 trial and it'll allow you to get all three. And you want to get it from a credit monitoring service so you can see all three reports and scores together. And once you have them, go through them very carefully to find the errors, the redundancies or unverifiable information that you'd like to dispute. And then you sit down with your client to decide on all the next steps. Now, if you're using Credit Repair Cloud, our software does all of this automatically. In one click, it imports all that data from the credit monitoring and then it analyzes it real quick and then creates this cool credit audit report that shows all the issues on the report. So if you're not a Credit Repair Cloud user yet, what's wrong with you? If you don't have Credit Repair Cloud, you can get a free 30 day trial at creditrepaircloud.com step number two, create your dispute letters. Make sure to list each item that you're disputing and the reasons why. Include all support documentation and copies of your client's photo ID like a driver's license, and proof of address like a utility bill. Now, if you have no idea how to write a dispute letter, don't panic. Credit Repair Cloud has over 130 letters for every possible situation. And with our letter finder feature, all you have to do is answer a couple simple questions and your auto filled perfect dispute Letter is ready to print and send in seconds. Step 3. Send the letters as soon as possible directly to the credit bureaus. If you can afford it, send them certified mail. It costs a little more, but it's a good thing to do. But if you can't afford certified mail and if you have no intention of suing the bureaus, then just send them with a regular stamp. It'll work just fine. Now, a lot of people ask me, can't I just do the disputes online at the bureau website? Won't that be easier and faster? And the answer to that is no, don't do that. It doesn't go well if you do the disputes online. And when you try to do the disputes online, they make you sign away your rights and that's a big deal. So take the time and do it right by paper mail. Now, the Fair Credit Reporting act gives the bureaus 30 days to investigate a claim. So just set a reminder on your calendar so you know when you should receive a response and then just wait. Really, there's nothing more to do at this time for those items. Step 4. The credit bureaus will respond to your client directly by mail. The response letter. It will indicate whether the dispute was confirmed and modified or or removed from the credit report or that the item was confirmed and will remain. If you're using our credit repair software, your client can actually take a picture of that response letter. They can take a picture with their smartphone and upload it right to the portal for you to see. Step 5. Finally, follow up and be persistent. If the bureau has not removed the item from your client's credit report, send a follow up letter reiterating the dispute and relisting the reasoning behind it. And know that you might have to dispute the same items several times. Don't be discouraged because this is how it works. Patience and persistence are the keys to successful credit repair and not to brag. But nobody knows it better than our credit heroes at Credit Repair Cloud. To date, we power over 4,500 credit repair companies and our software users have helped hundreds and hundreds of thousands of people to clean their credit. And they've improved nearly 4 million credit report items. And it's collected for them over $77 million in revenue. With the help of Credit Repair Cloud, our users are able to fight the bureaus and win. So if you're ready to know more about how disputing works or you want to launch your own credit repair business, we've actually created something really cool. It's called the Credit Hero Challenge and it's just for you. I invite you to join today and within a couple weeks you'll be certified in disputing and you'll be well on your way to be your own boss, taking control of your financial future and changing a whole lot of lives. So if you're finding value in the things that I'm sharing on this podcast, be sure to click below to subscribe. I don't want you to miss any episodes and if you're feeling kind, rate me and give me a review because this is a new podcast and I can use all the help I can get and I will see you on the next episode. So until then, keep changing lives. Hey everybody, it's Daniel again, and really quick.

I'd like to invite you to join what I believe is the best thing.

We have ever created inside the Credit Repair cloud community.

And it is a challenge that we call the Credit Hero Challenge. If you're just planning out your business or you're just getting it started and you dream of having a successful business of your own so you can quit your 9 to 5 and fire your boss and have financial freedom, or so you can add another revenue stream to your existing business, if that's your dream, you need to get into this challenge. We created this challenge to help you to create and launch your very own credit repair business to build a proper foundation for a really successful business. This challenge is going to help you to understand the strategy, the tactics, and all the things you need to be successful at Credit Repair. It really is the greatest thing we have ever built and it will change your life. So I recommend you do it right now. Stop everything, pause this audio, go online and go to creditherochallenge.com that's creditherochallenge.com and join the next challenge. And there's a challenge that's starting in just a few days. So go get started right now@creditherochallenge.com. Sam.