True Story: I went to buy a new car a few months ago and discovered I had a judgment and collections on my Experian credit report. The car salesman said that my credit grade was an “F” because of all the bad credit!
Their manager told me that I was denied and there was nothing they could do. He also said that the bad credit would stay on my report for the next 7 years. (The judgment would stay on my credit report for at least the next ten years!!!)
Plus, he said that the judgment would stop me from getting a loan. In other words, I was stuck in debtor’s prison for the next 10 years because of the bad credit on file with Experian.
I went home and did some research online. I bought a $12 ebook from ebay that told me I could fix my credit.
I followed the instructions but got nowhere. I am convinced that Experian placed a RED FLAG on my file because they suspected I was doing something illegal. Here is a copy of the letters they sent me:
Experian sent me letters like this one. They refused to investigate my disputes. I was convinced that they put a RED FLAG on my file for doing illegal do-it-yourself credit repair.
After wasting a few more weeks trying to beat Experian, I decided I needed some help. I discovered that this law firm can help people erase all types of bad credit from Experian.
|Now here’s the deal with this whole process. Technically Experian has 30 days to complete your investigation. They must provide you in writing, what the results of their investigation are along with an updated copy of your credit report. The updated credit report should reflect any changes (if any) as a result of your dispute.
This is what they are supposed to do.
The real truth about disputing with Experian is that they don’t want to do any of it. When you file a dispute, Experian loses money.
This is why Experian may ignore you. They might also send you a stall letter. Worse yet is they put a Red Flag on your account.
This happened to me when I tried do it yourself credit repair with Experian. They sent me dozens of stall letters and I got nowhere. I buried myself deeper after making mistakes with my dispute letters.
What To Do When You’ve Already Tried Everything and You Still Have the Bad Credit on Your Experian Credit Report
There are things you can do to help your situation – but there are deadlines so you need to take quick action!
The first thing you should do is check and see whether you legally owe the debt. Also, check the statute of limitations in your state. It’s possible that the time has run out for the creditor to collect a debt from you. If this is confusing, then give these guys a call – Lexington Law Firm – they figured all of this out for me.
Also, you can explore Debt Validation. This is an advanced method where you put the burden of proof on the creditor. The creditor has to prove – with paperwork and contracts – that you legally owe the debt.
WARNING! YOU HAVE ONLY A FEW DAYS TO EXERCISE DEBT VALIDATION AND GUARANTEE YOUR RIGHT TO DISPUTE A DEBT.
MISS THE DEBT VALIDATION DEADLINE AT YOUR OWN RISK!!
IF YOU ARE UNCLEAR ABOUT DEBT VALIDATION OR HAVE QUESTIONS ABOUT REMOVING BAD CREDITWITH EXPERIAN, YOU CAN SPEAK WITH A CREDIT REPAIR PARALEGAL FOR NO CHARGE BY CLICKING HERE
If you have tried everything already – including debt validation and credit bureau disputing, another option is to negotiate directly with the creditor. You’ll need patience and good organization skills. You may offer payments if you cannot afford a lump sum.
Keep in mind that the older the debt, the less the collection agency paid for it. As part of your agreement, you must demand that the creditor remove the negative credit from your credit reports. They can and will do this…even if they tell you it is impossible.
Get their agreement to remove the bad credit in writing.
If this seems intimidating, that’s ok. I was scared too. I negotiated with collection agents but it made me feel sick inside. One bill collector even called me “pathetic” and a “loser.”