Chicago IL – Many people think that you can’t remove a collection or blemish on your credit, if it is with the original creditor. “I originally borrowed the money from Easy Capital. I’m sure they have everything in my file. I can’t dispute with them”, they say. Actually you can and many people do it every day. Here is how it works.
First off, their records are not perfect. Many companies move, their computers crash, data is wiped out, etc. The list goes on and on. The other advantage is that they have only 30 days to respond to a request.
Mail them a dispute letter. Make sure you send it certified mail, return receipt requested. If the creditor does not respond within 30 days, then you have good news. They are in violation of the Fair Debt Collections Practices Act. It will be very easy to convince them to remove the account from all your credit reports.
Here is another violation. Check your credit report right after the 30 days goes by. They are required to notify the credit bureau you are disputing that the account is “disputed.” If it hasn’t been marked “disputed”, then they violated both the Fair Debt Collection Practices Act, and the Fair Credit Reporting Act.
If either one of these happens, then you have the option of suing the creditor in small claims court. You can win up to $1,000 for each violation. Usually a few days before the court date, the creditor will agree to settle with you.
You can drop the suit if they agree to remove the negative information from all the credit bureaus. They will usually agree to that. After all, it’s a lot cheaper than a lawsuit.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny.
Send me an e-mail at firstname.lastname@example.org. I will contact you for a free consultation. When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (312) 953-6725.
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Thanks for reading this, Phil Buoscio.
Phil is a Real Estate Agent at Better Living Realty – Buoscio Brokerage, Inc..
Phone: (312) 953-6725. email@example.com.
View My homes for sale at www.BetterLivingRealty.com.
Phil Buoscio, is a broker with Better Living Realty he leads the sales team “Phil Buoscio Team” and specializes in short sales in Chicago Illinois. Chicago Loan Modification Help can be referred to you. We don’t do loan modifications ourselves but we work with those who do.
We know Chicago Short Sales. I am a Chicago Short Sale Realtor. Chicago Short Sale Realtor. Chicago IL Short Sales. Chicago Realtor. We do business in Pilsen. McKinley Park. Bridgeport. Wicker Park. West Town. Ukranian Village. Lincoln Park. Near North. River North. East Village. Logan Square. Uptown. Edison Park. Portage Park. Hermosa. Lincoln Park, South Loop, West Loop. Bronzeville. Hyde Park. Kenwood. Oak Park. Brookfield. Cicero. Berwyn. Evanston. LaGrange. LaGrange Park. Riverside. We sell condos, single family homes, lots, land, multi units, two flats, three flats.
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