by Bob Hammond Excerpt from book: The credit bureau mentality In their well-intentioned efforts to protect the integrity of the information they report, the major credit reporting bureaus have developed a mindset that, at times, seems determined to block, squelch, and otherwise frustrate consumers who are affected by the infomation they sell. The bureaus try to report the truth about consumers and their spending/payment habits. Cetainly there are deadbeats who want to fraudently change accurate and negative information in their reports. At times, though, the bureaus are so vigilant in protecting reported information, it seems they are determined to prevent consumers from taking action to protect themselves and their credit reputations. Strategies for this include interpreting the FCRA in ways that support credit bureau inaction (hiding behind the law) and training subscribers to interpret neutral data in a negative way (too many inquiries make a consumer a poor credit risk).
Hi Butch I found that in a book called "Repair Your Own Credit" by Bob Hammond. See it at barnesandnoble.com
Re: Hi Butch I'VE GOT THAT BOOK...THIRD EDITION. I DIDN'T FIND IT VERY USEFUL THOUGH. MOST OF THE SAME INFO (and more) IS RIGHT HERE ON THIS BOARD.
Re: Hi Butch It's amazing that if you go into a book store you may find 20 or 30 books about any one subject EXCEPT credit repair. There are usually only one or two, if you're lucky, and they are very basic and outdated. Outside of being a FCRA/FDCPA specialist lawyer, CREDITNET is the best resource available. Most lawyers don't have the knowledge that this board provides in the EVER CHANGING credit repair world. A year or two ago it was automatic to get inquiries removed from ALL THREE CRA's. TU is now almost impossible and EX changed their tactics ONLY a couple of months ago. EQ, I have still been able to dispute or you can use CW daily to have them deleted. I'm sure that will soon change. Unless you deal with credit repair on a day to day basis a lot of info is obsolete. Charlie
Re: Hi Butch CW is Creditwatch. I call in no more than 2 inquiries at a time. Act ignorant on the phone so that you can be on their level. I have never had a problem. Charlie
Re: Hi Butch Absolutely! Before I discovered this site I bought 4 books. All of them say exactly the same thing with the exception of one. It's called "Fix Your Credit Workbook" by Bierman and Mastan, both atty's. It's actually the best one I've seen so far. It includes a section on how to sue. It also has templates for filing a case in Federal District Court for $250,000 and up. I'm gonna post the template anyway but the book is not bad.
tessmcgill I can attest that this is the best in depth information that you will find anywhere on the internet - or a book store. After spending hundreds of dollars on credit repair books and countless hours searching through the Google and Dogpile search engines, I found this jewel of a site. I was amazed! It has totally revolutionized my approach to money and credit. Maybe I sound corny . . . but its the truth. I only wish I had more valuable info to contribute. The key is to scan the daily posts and topically search previous posts. Currently, I am studying the FCRA and the FDCPA. You have to read, study and analyze to get answers to fit your particular situation. There is almost always an answer or a lead in the right direction. Bravo Creditnet!! Best regards,
Re: Hi Butch Not yet, but I will in time. Lizardkings template is the typical template found in ANY book (that has templates that is). The only difference is the court and the amt sued for. In this case $50,000 per violation.
