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Dispute Credit Report Secrets #3 Remove a Collection(2019) - YouTube
Channel: Client Dispute Manager Credit Repair Software
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in this video I'm gonna show you how to
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deal with collection accounts on your
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credit report now throughout this
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dispute series I'm gonna show you step
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by step on how to dispute these crazy-
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accounts that's damaging your credit
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report and your credit score so if you
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haven't seen the first video or
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charge-offs or the second video in late
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payments then you probably want to go
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back and watch the first two videos in
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this dispute series on how to improve
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your credit score by using factual
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disputes to get inaccurate information
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off of your credit report now not only
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in this video I'm gonna show you some
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dispute letters as well that I used in
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my credit repair company to help
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customers with their credit report in
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removing inaccurate collection accounts
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are you ready let's go alright so one of
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the first things that I always teach is
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when you're looking at a credit
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monitoring port or a credit report you
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want to look to see what is inaccurate
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on the credit report itself like the
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fields these are called fields so you
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want to look at the fields to see what
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is going on across the board here to see
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what is inaccurate on the credit report
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now as you can see right here some
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creditors don't report to all three
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credit bureaus but major credit cards do
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report to all three credit bureaus now
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most major credit cards will report to
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all three credit bureaus so when you're
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looking at a credit monitoring port
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which most of us do you want to see if
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all of these credit bureaus are
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reporting the same information all the
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way across and as you can see
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Equifax is not reporting anything right
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here now that may be because this
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particular creditor is not reporting to
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Equifax they may just be reporting the
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TransUnion and Experian and that's what
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it kind of looks like
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because there's no information here so
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but this is kind of questionable because
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if this is a major bank and I chase a
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Wells Fargo then they will be reporting
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across all three if you watched my first
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two videos you will see how I show you
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how to find inconsistencies I come
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across all three credit bureaus now if
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this Bank was reporting to Equifax and
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there is no data there that as an
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argument for me to dispute this account
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based on inconsistency because he the
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Fair Credit Reporting Act states that
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the credit bureaus are supposed to
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report the information a hundred percent
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accurate and the credit monitoring
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companies are getting the information
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from the credit bureaus so any
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information that's displayed on the
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credit report is supposed to be a
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hundred percent accurate all right so
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let's continue alright so let's take a
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look we're going to break down this
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dispute letter that you will send out to
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the credit bureaus now this dispute
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letter is a little strong and you have
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to be careful with strong letters in the
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very beginning when you are sending a
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letter out to the credit bureaus because
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see credit bureaus are smart they're not
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dumb dumbs they're very smart and
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they've been in the business for a long
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time so you don't have to threaten the
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credit bureau with different things
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because really they don't care but you
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do want to from time to time let the
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credit bureaus know that you're not a
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dumb-dumb either and you are a smart
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consumer so let's check out this this
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letter to the credit bureaus dear credit
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bureau I hope your day is going well
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non-threatening but I need your help
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I noticed the following issues with
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these accounts on my credit report now
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these are the inconsistencies on the
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credit report or the problems that you
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find on the credit report
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I did some reading on the internet about
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the credit reporting loss now some
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consumers who do not know how to compose
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a dispute letter they will do a little
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research on the internet so this is
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correct and for my understandings if a
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consumer finds errors or their credit
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report they have a right to have them
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fixed right which is correct right now
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if this sounds like you type in a type
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in the comments below and let me know
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this sounds like you I got this
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information from the Federal Trade
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Commission now the Federal Trade
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Commission does have sample letters on
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the credit board on their website and
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the Consumer Financial Protection Bureau
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this incorrect information on my credit
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report is causing problems when I tried
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to apply for credit which is typical
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when you have recent collection accounts
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on your credit report it will cause
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problems with you getting approved
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please investigate this matter and get
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back with me when you are finished I
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hope this will be soon now there was
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really no threats at all you're just
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telling the credit bureau that you read
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some information on the Federal Trade
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Commission site which they do promote
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this and the Consumer Financial
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Protection Bureau which they do promote
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this so say for example you see this
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letter out to the credit bureau and the
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credit bureau responds back to you that
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they have verified the information so
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now you need to follow up now and go
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directly to the collection I mean yeah
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go directly to the collection agency
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with the following letter now you have
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my permission to use this letter you
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have my permission to copy this letter
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alright because this is a letter that I
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drafted so it is copyrighted and I am
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giving you permission to use it alright
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that is my way of giving back to
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whoever's watching this video now this
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is a very detailed letter to the
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collection agency and there's two parts
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there's two parts now when we send this
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letter to the collection agency we want
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to let the collection agency know that
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we are a smart consumer and that we are
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serious about our credit and we feel
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that the collection agency put this
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collection account
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our credit report and we feel that the
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information that they're reporting is in
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Accra so you have every right in the
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world to dispute it according to the
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Fair Credit Reporting Act okay all right
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hello collector I see that you have
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reported inaccurate information on my
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credit report and that you keep
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verifying this account when it's clearly
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inaccurate remember the credit bureau
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verified it through the collector so
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that's why I say you keep verifying this
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when it's clearly inaccurate right now I
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am demanding validation of this account
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so you're asking the collector to
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validate the count please provide me
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with the following for accounting for
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this account copy of the assignment of
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purchase from the creditor every charge
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and what was purchased fee payment
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credit and interest how you calculated
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what what you claim I owe this is very
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important and also field versus Wilbert
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so what I'm doing right here is I'm
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quoting case law I'm not a lawyer so
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don't take this as legal advice but I'm
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quoting case law right here to let the
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collector know that you're not dealing
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with a dum-dum now this is part one of
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the letter I'm gonna go to part two now
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this is a list of things that you are
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asking from the collector just a list of
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things that you're asking from the
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collector part to a full chain of
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assignment from charge off to present
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proof that you all own the debt with
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full clear title now we're asking the
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collector to show a proof that they in
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fact owned this that and proof that you
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were the that you were on the original
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contract that you the one that's
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watching this video the viewer that you
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signed with the creditor so you want to
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get proof from the collector that they
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were on that original contract that you
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signed when you took out the loan or
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whatever you did to get the collection
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on the credit report and then we quote
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here
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again some lot some case law so you can
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get really strong right here as you can
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see with the collection agency because
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they're scum anyways you know the
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collection agencies are scum they don't
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care they will put a collection account
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on your credit report with no notice and
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it will drop your score like crazy how
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do I know that because they did it to me
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and I had to hit him with a sequence of
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letters and remind them that I'm not
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stupid
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I do know my rights and I will fight
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because you just damaged my credit score
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by putting the collection account on my
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credit report when he was inaccurate
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okay alright so I jump at some QA
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what if the collector fails to respond
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if the collector fails to respond you
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follow up with a follow-up letter
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failing to provide validation and
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failing to respond to your initial
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dispute now I have the follow-up letters
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of how to deal with collection agencies
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and my credit repair master class all
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the letters that you need to do
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follow-ups with the collector are they
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required to give me all the information
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that I asked for and the answer is no
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that chain of information that that
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you're asking for the collector more
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than likely I'm not going to give you
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any of it because technically they're
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not required by law to provide that now
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there is some case law out there I don't
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know where but there is some case law
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that dictates that yes the collector
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must provide certain things from that
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list again I'm not a lawyer so don't
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quote me as that okay but I have seen
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case law that reference that collectors
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some collectors must provide certain
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information so I think that if you sued
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the collection agency and in discovery
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if you had an attorney that was
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representing you and you sued the
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collection agency then yes this will
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probably come out in discovery
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what if they keep verifying the count
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now that's where we go into advanced
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tactics advanced strategies on how to
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deal with the collection agency now if
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they keep verifying account they
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you have to escalate your collection
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letters and there's different ways of
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escalating this matter to put more
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pressure on the collection agency and
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again we go into this deeply in the
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credit repair mastery class alright so
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what have you experienced with
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collection agencies have you sent
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letters to the collection agencies in if
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you have what kind of responses did you
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receive from the collection agency have
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any of the letters you sent out being
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effective with the collection agencies
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because again like I said the collectors
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don't give a crap about you they just
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want the money and they will lie and it
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will say anything that you want to hear
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in order for them to collect the money
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now do me a favor I want you to get more
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videos like this when I produce more
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videos so in order to get that you need
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to be notified so go ahead and click the
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subscribe button right now to your right
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there's a subscribe button click it and
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also turn on the notification bell if
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you're on your phone turn on the
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notification bell so you can get all of
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the notifications every time I produce a
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new video all right so here's what I
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want you to do right now in your screen
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in the video there should be a card
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where you can click on if you are on
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YouTube watching this if you learned
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another platform watching this there
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will not be a card but I want you to go
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ahead and click on the fourth video in
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my series dispute a credit report I want
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you to click on the fourth video and if
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you haven't watched the first video or
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the second video I want you to go back
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and watch the first video in the second
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video and click on the very fourth
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fourth video on how to remove and
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accurate
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repos off of your credit report
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