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*2022 hacks* HOW TO REMOVE EVERY CHARGEOFF FROM YOUR CREDIT REPORT * credit repair secrets* - YouTube
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hi guys in today's video i'm going to
show you guys how to remove every charge
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off from your credit report
to the video
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hi guys welcome back to the channel if
you're new to the channel please do me a
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favor and like and subscribe to the
video
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guys it helps the channel grow and it
allows me to keep producing the content
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that helps us teach you to build your credit
and leverage
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guys if you're new to the channel my
name is credit coach q i created the
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first software that allows you guys to
fix your own credit and put your credit
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in your own hands guys in today's video
i have
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a blessing i'm going to bless you guys
with this information today for
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um i've been kind of stagnant on
releasing this information but
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i'm going to bring it to the public and
help you guys um
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remove the charge back the charge offs
on your credit report so
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the first thing that you want to do
when it comes to a charge off is
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understand what it is a charge off is
a written off debt that are a an
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original creditor had
on your behalf and they sold it or they
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written off on their taxes
so when it comes to those big
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institutions what they do is that they
write the debt off
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on their taxes and they get a tax break
when they do that it normally create
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what is called a charge off a charge of
is exactly what that is
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a written off piece of debt that you
once owed an original creditor
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they written off when they taxes and
they usually send it off sell it to
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another collection agency so
in a nutshell that's what a charge-off
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is a lot of people i've been hearing
these quote-unquote experts say that
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don't remove chargebacks and don't worry
about chargebacks because
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it doesn't hurt your score that might be
true in some instances but
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it does hurt your qualifications for
underwriting when it comes to getting
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approved so when you want to get your
2020 bmw or you want to get
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a 15 000 credit card those chargebacks
are going to go into effect when it
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comes to getting your approved because
underwriters hate chargebacks it
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basically
leaves a trail that you are in bad
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positions when it comes to big
large loans so that's what a chargeback
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is those are underwriters look at
chargeback they hate them
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in today's video i'm going to give you
guys information to remove the
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chargebacks
from all three of your reports okay so
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the first thing that you want to do
and this is for any type of debt and
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collections chargebacks anything that
looks for errors
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you have to understand guys everything
on your credit report has to be 100
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timely 100 verifiable and 100
accurate so that mean a letter a number
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a word
a census a a
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amount everything on your credit report
has to be 100 accurate
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okay so make sure that you're looking at
the dates you're looking at the numbers
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looking at the name you're looking at
everything
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and make sure that everything is
accurate and it fits
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the description of you okay i cannot
tell you how many people
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have so many inaccuracies that's on
their credit report
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and they didn't never know how to look
for their inaccuracies or
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actually look for the inaccuracies and
they just stay on credit report for
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literally
years so the first thing is to look for
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those inaccuracies
and make sure that everything is
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accurate on the report
second is
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what i like to call a hardship letter so
this is number two number two
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is the hardship letter the hardship
letter is basically
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you following a hardship you send a
letter
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to the credit bureaus basically
explaining your hardship
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and they basically write the debt off
and counsel the debt
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a lot of hardship uh approval letters
has been coming back from the cro
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from the collection of companies and we
have been getting a lot of debt removed
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because of covet in particular and if
you have been
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a person that suffers from covet when it
comes to your finances or when it comes
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to your health or anything like that
this would be a great time to actually
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take that
as a blessing not a blessing that you
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have going through it but take it as a
blessing and look at the glass half full
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and take that opportunity
to send that information to the
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collection agency and tell them that you
are not able to
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satisfy this debt because you are going
through hardship
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now when you do send the letters to the
uh collection agency
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make sure that you put in a 1099
c ask them in the description to put
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uh your debt under a 1099 c and have the
debt
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counsel entirely okay um guys
keep in mind that the software that we
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have allows you to remove
any type of debt including charge offs
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it has over 150 different dispute
reasons
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when it comes to items like charge off
so
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and it is completely structured to
basically
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handle the dispute process for you the
software does everything for you
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it just put you in the driver's seat and
the software becomes
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the driver so make sure you have that in
mind if you're doing it organically
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you're writing these letters out make
sure that you
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are writing this stuff down but i'm
asking because the descriptions
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is very important adding the 1099c is a
very important add-on when it comes to
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sending out your hardship letter
so keep in mind you can use the software
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the link is in the description below
make sure that you check out the link in
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the description
um we are running a one dollar trial
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guys one dollar
one dollar one dollar trial for you to
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start the process if you don't like it
you can cancel any time
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but if i was you i would take advantage
of this opportunity
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to use a dollar investment to change my
credit
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situation forever okay so if you are
doing it organically make sure that you
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are
following what i'm saying and putting
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what i'm saying into the description
three now i did tell you that everything
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has to be hundred percent
timely so 100 timely basically falls
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under
the statute of limitations so this is
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when
your heart shift letter come back and
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they say we basically don't care about
you
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we don't care about your hardship we
don't care about your situation
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we don't care anything about that we are
still coming after you and we still want
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our money
this is the next step the next step
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would be basically
um making sure that the statute of
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limitations
on that debt fits the criteria
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i want you guys to go on google and find
out what is the
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statute of limitations for contracts
in your state every state is different
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in my state is seven years in some
states it's five
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in some states it's six so make sure
that you are
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knowing the statute limitations for debt
in
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your state now once the statute of
limitations up for that debt
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by law they have to remove it so for
instance if you have a debt that's seven
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years old
and the sexual limitations for contracts
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in that state of seven years
by a lot of they remove it but sometimes
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the statute of women sometimes the debts
stay on there for eight nine
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ten years and they don't remove it
because you are not
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using the tools that's afforded to you
by the fcra to have those things removed
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so
make sure that you are looking for the
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statute of limitations so if the statute
of limitations
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doesn't meet up i want you to send out
another letter and telling them
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that the statute of limitations for this
debt does
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not add up again keep in mind guys that
the statute of limitations letters
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and the descriptions are in the software
when you do send out your statute
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limitations i want you to add in the
description
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i did not get sued and i do not have a
judgment on this debt
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and i did not make a payment from the
original date
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when you make a payment to any type of
debt you basically
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start to statute limitations over so if
you have a
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seven year statute limitation debt and
you pay on it on the sixth year
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instead of waiting a year for the debt
to get removed you're going to be
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waiting
eight years because you just added
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another seven years
to the original date so you want to make
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sure that
you are not paying to the debt
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especially if the debt is old because
you might potentially hurt you yourself
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by starting the statute limitations date
completely
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over okay so the fourth step
is basically disputing it so
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if the statutory limitations method
don't work the
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hardship method do not work and the
original looking for errors method don't
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work i want you to
go on the defense now this is when
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you're going to get a little bit
gritty so to speak when it comes to
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fighting back when it comes to the
credit bureaus i want you to
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go and dispute the debt this is the this
is the last method guys
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i want you guys to dispute the debt
using the 609 method
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you can use the verification method or
the 609 method both of them tend to work
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when it comes to
this method now when you send out a 609
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letter you just can't send out a letter
or a template
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never use a template guys always use
your original
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content that comes from you that comes
from your
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voice um like i said within the software
you are able to edit
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every letter that goes out before it
goes to printing
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you are able to add your own
descriptions your own notes
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your own everything to the letter before
it's printed out
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before you actually send it to the
credit bureau so keep in mind guys
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these are the things that i want you to
request
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inside of your 609 letter so inside the
609 letter i want you to put this in the
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description
and i want you to write this down
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because this is very important asking
for these
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items are your law
um your god-given law so these
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items are afforded to you by
the law the law basically stipulates
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that the creditors have to provide this
information
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uh by law and if they don't they have to
remove it so these are the items that
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i'm asking you to request from the
credit bureaus write this down guys um
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the first thing i want you to ask for
is the original contract the original
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contract is the hard copy that you sign
when you open the account
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it has your web signature on that that
contract is very important and by
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law they have to provide it when
requested so that's the first thing i
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want you to ask for
the second thing that i want you to ask
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for is a
paid off disclosure so the payoff
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disclosure
is in the contract and they're supposed
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to have it a lot of times they don't
have this information guys and this is
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this is this is the tip this is this is
the sauce
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they don't they don't have this
information a lot of the times
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because everything is sold once they
sell the debt to another
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a company is sold digitally so they a
lot of times they don't have this
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information
but you want to ask for the payoff
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disclosure you want to ask for
interest rate disclosure to prove the
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interest rate that was disclosed inside
the loan
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you want to ask for a balanced history
you want to ask for your payment history
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for the debt
and you want to ask for the credit
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insurance
so you want to ask for those items and
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but like i said guys by law
they are supposed to
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take care of any type of request when it
comes to this documentation
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so like i said i'm gonna go back over it
original contract
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payoff disclosure interest rate
disclosure
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balance history payment history
and credit insurance guys once you ask
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for this stuff
i can say like 75 almost percent of the
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time
they don't have it and by law if they
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don't provide it
they are supposed to remove the debt a
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lot of times
they just remove it and i'm gonna tell
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you why they remove it because they
don't want to be
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responsible for paying someone to look
up this information
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they're not in the business of getting
giving money out or
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paying into your debt they are in the
business of receiving money and
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receiving money from your debt so if
you're asking for all this information
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it's going to take them hours and hours
and hours of work
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they have to pay for someone to do that
so a lot of times it's not worth it
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and they just remove it so that is a
very very powerful way
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of getting charge offs removed from your
credit report completely
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now sometimes they do have the
information and if they do
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another way you can remove it is finally
negotiating the debt
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i mean we have clients that just want to
negotiate and just want to be
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done with it and we get the debt down
40 50 even sometimes 60
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because they bought it for pennies to
the dollar so they don't mind
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negotiating
or giving us wiggle room as long as
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they're getting some money on the back
end
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so those are my options from removing
chargebacks guys
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i mean i chargebacks charge offs if
removing charge offs from your credit
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report
in any way form a fashion i guarantee
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you if you follow these steps
you will get a lot of success again guys
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remember i want you to remember to
lick click the link in the description
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below and
look for the dollar trout to start this
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process guys i guarantee you
it will save you and your family tons of
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money of interest and
also it will give you the experience and
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the education you need to be successful
long term
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again guys my name is credit coach q
until next time
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i'll see you next time bye
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