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breeze

PsychDoc's Credit Repair for Beginners

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Hi,

 

I'm new here. Is there anyone I can pay to clean my credit for me? I really appreciate all the information available to do it myself, but I fear that progress will take me much longer than someone with experience.

 

Thank you!

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No, We don't allow solicitations, either to receive help or offer help for pay. We are not a CRO.

Hi MarvBear,

The info you have provided is priceless and we thank you. However these CRO spend millions to keep us off balance in this Credit game that's all it is. Does the Dr have a update of the book first posted?

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You are certainly welcome to use the board's search functions to filter posts by PhychDoc. All of the information he posted is still intact on this board

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Thank you to all CB members who take the time to help those of us who need it. I hope to one day be able to do the same one day. I greatly appreciate you all for taking the time to do this.

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Thank you for taking the time to write this. All of it is very helpful...I plan to start my journey to repair shortly.

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hi Mr Breeze and thank you for your great info

you dont know how much you helped tons of people

 

i have question please

 

is there any way to remove Bankruptcy , tax lien , from 3 reports

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hi Mr Breeze and thank you for your great info

you dont know how much you helped tons of people

 

i have question please

 

is there any way to remove Bankruptcy , tax lien , from 3 reports

 

People have done that. Start your own topic, so people can help you. :)

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Question about this process: I'm still going through Whychat's medical dispute process for one last med account. I'm preparing me for next steps in hopes that will come off by the end of the month. Which leads me to my question...

 

The Goodwill and FCBA approach... are they good with current creditors? For example, if I still have an auto loan, and I've had 30 or 60 day lates, can I still use a Goodwill letter in this case?

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Question about this process: I'm still going through Whychat's medical dispute process for one last med account. I'm preparing me for next steps in hopes that will come off by the end of the month. Which leads me to my question...

 

The Goodwill and FCBA approach... are they good with current creditors? For example, if I still have an auto loan, and I've had 30 or 60 day lates, can I still use a Goodwill letter in this case?

 

 

I believe some people have tried the approach. Start your own topic in Credit Forum and ask for help.

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This is the nutcase letter:

 

 

Date

Name of Old Fully-Paid Acquaintance Address City, STATE ZIP

To Whom It May Concern:

I am formally requesting that you validate all tradeline notations you have submitted to the three major credit reporting agencies by NAME OF COLLECTION AGENCY or NAME OF ORIGINAL CREDITOR for me, YOUR NAME, for account number XXXXXXXXX.

Due to possible inaccuracies in these CRA reports, I must demand that the validation I hereby lawfully request be in the form of a notarized statement by a person with original knowledge of the debt as it was constituted and who can testify that the debt was incurred legally, was not subsequently disputed as a result of returned, faulty, or recalled consumer products, was not utilized as a profit-loss tax deduction during the period it may have been payable, and was not claimed as a loss with any insuring entity during the period it may have been payable. Please be advised that I am not requesting a verification that you have my mailing address; rather, I am requesting validation, i.e., competent evidence that I had some contractual obligation sans consumer protection encumbrance which incurred the original claims associated with this tradeline.

I have enclosed two documents which will verify my address: a photocopy of a [YOUR STATE] Driver's License and a photocopy of a recent [NAME OF UTILITY OR TELEPHONE COMPANY] statement.

Please know that you have 30 days from the tracked and confirmed delivery of this lawful notice to either answer these demands or to remove the associated negative tradeline notations from the CRA reports. Any other action may constitute evidence of your intent to abridge one or more civil or other constitutional rights. Please be further advised that continued unsubstantiated reporting of possible inaccuracies to third parties may provide a basis for criminal complaints being filed in accordance with FDCPA, FCRA, and other federal statutes.

I look forward to a timely and amicable resolution to this matter.

Sincerely yours,

Your Name Address City, STATE ZIP

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Ahhhhhhhh from the web archive, here is the entire series of nutcase letters. Thanks Randy!

 

The following letters are copyrighted property of Randy Padawer, Ph.D. Linking
with author credit is acceptable and shall not constitute copyright
infringement. Reproduction for private use without presence of copyright notice
is hereby expressly granted. The first letter of the sequence was attributed to
Dr. Padawer in Smart Money Magazine, April 2003, in an article titled "FICO
Frenzy" by Anne Kadet. It was also cited in The Motley Fool's best-selling "FICO
850" seminar which Dr. Padawer co-authored.




--------------------------------------------------
ORIGINAL NUTCASE -- LETTER #1:
Note that no claim (i.e., "not mine" or the like)
is stated.
--------------------------------------------------

Date

Name of Old Fully-Paid Acquaintance
Address
City, STATE ZIP

To Whom It May Concern:

I am formally requesting that you validate all tradeline notations you have
submitted to the three major credit reporting agencies by NAME OF COLLECTION
AGENCY or NAME OF ORIGINAL CREDITOR for me, YOUR NAME, for account number
XXXXXXXXX.

Due to possible inaccuracies in these CRA reports, I must demand that the
validation I hereby lawfully request be in the form of a notarized statement by
a person with original knowledge of the debt as it was constituted and who can
testify that the debt was incurred legally, was not subsequently disputed as a
result of returned, faulty, or recalled consumer products, was not utilized as a
profit-loss tax deduction during the period it may have been payable, and was
not claimed as a loss with any insuring entity during the period it may have
been payable. Please be advised that I am not requesting a verification that you
have my mailing address; rather, I am requesting validation, i.e., competent
evidence that I had some contractual obligation sans consumer protection
encumbrance which incurred the original claims associated with this tradeline.

I have enclosed two documents which will verify my address: a photocopy of a
[YOUR STATE] Driver's License and a photocopy of a recent [NAME OF UTILITY OR
TELEPHONE COMPANY] statement.

Please know that you have 30 days from the tracked and confirmed delivery of
this lawful notice to either answer these demands or to remove the associated
negative tradeline notations from the CRA reports. Any other action may
constitute evidence of your intent to abridge one or more civil or other
constitutional rights. Please be further advised that continued unsubstantiated
reporting of possible inaccuracies to third parties may provide a basis for
criminal complaints being filed in accordance with FDCPA, FCRA, and other
federal statutes.

I look forward to a timely and amicable resolution to this matter.

Sincerely yours,

Your Name
Address
City, STATE ZIP


--------------------------------------------------
SON OF NUTCASE -- LETTER #2:
Note that this follow-up does state a claim
("you are incorrect" etc.) which should be
modified to fit your particular situation.
--------------------------------------------------

DATE

Name of Old Fully-Paid Acquaintance
Address
City, STATE ZIP
via facsimile transmittal

RE: Account # XXXXXXXXX

Dear Mr. NAME:

Again, I am formally requesting that you validate all tradeline notations that
you have submitted to the three major credit reporting agencies by XXXXXX for me,
[YOUR NAME], for account number XXXXXXX.

I am receipt of your correspondence postmarked [DATE]. You state that the account
is reporting accurately in your opinion. However, it is not. I have contacted the
alleged creditor, [NAME OF ORIGINAL CREDITOR]. They state that the account is Òan
open account and paying as agreed (R1)." That is their Òunderstanding of the
reporting.Ó However, your credit reporting does not reflect the confirmed status
by [NAME OF ORIGINAL CREDITOR]. Therefore, you are reporting incorrect
information to the credit bureaus.

If you do not cease reporting of the incorrect information, I will be forced to
take further action. Please be advised that your blatant disregard and violations
of the Fair Credit Reporting Act, Fair Debt Collection Practices Act, and my
rights as a consumer have caused harm to me by seriously affecting my otherwise
unblemished credit rating, causing the denial of credit, as well as causing me to
be charged higher interest rates and unfavorable loan terms.

Note that the FTC has maintained that incorrect credit reporting is the legal
equivalent of prohibited collection activity. I assume that you cannot validate
this debt, therefore I am demanding that you cease any and all collection efforts
associated with the above referenced account. You chose by doing business as a
collection agency to maintain the highest possible records of accuracy and to
maintain and collect valid debts.

IÕm sure you are aware of the consequences in violating the Fair Credit Reporting
Act and the Fair Debt Collection Practices Act as well as the multiple violations
your company is now responsible for.

As per the FDCPA:

¤ 813. Civil liability [15 U.S.C. 1692k] (a) Except as otherwise provided by this
section, any debt collector who fails to comply with any provision of this title
with respect to any person is liable to such person in an amount equal to the sum
of -- (1) any actual damage sustained by such person as a result of such failure;
(2) (A) in the case of any action by an individual, such additional damages as
the court may allow

As per the FCRA:

¤ 616. Civil liability for willful noncompliance [15 U.S.C. ¤ 1681n] (a) In
general. Any person who willfully fails to comply with any requirement imposed
under this title with respect to any consumer is liable to that consumer in an
amount equal to the sum of (1) (A) any actual damages sustained by the consumer
as a result of the failure or damages of not less than $100 and not more than
$1,000

¤ 617. Civil liability for negligent noncompliance [15 U.S.C. ¤ 1681o] (a) In
general. Any person who is negligent in failing to comply with any requirement
imposed under this title with respect to any consumer is liable to that consumer
in an amount equal to the sum of (1) any actual damages sustained by the consumer
as a result of the failure; (2) in the case of any successful action to enforce
any liability under this section, the costs of the action together with
reasonable attorney's fees as determined by the court.

As a brief summary I state the following: Your company has failed to send the
legally required validation of this debt. You have been notified that your
actions are detrimental to me and that your company has violated (including but
not limited to) the Consumer Credit Protection Act, the Fair Credit Reporting
Act, and the Fair Debt Collection Practices Act.

Your company knew or should have known that the actions taken against me and the
information collected about me was inappropriate and damaging to me. Failed to
use reasonable care in the course of business and failed to use even minimal
procedures to ensure that I was not harmed.

You have communicated and are continuing to communicate incorrect and defamatory
information to third parties including but not limited to, Equifax, Experian, and
Trans Union.

As a result of these blatantly reckless, wanton, and intentional acts, I have
suffered and continue to suffer general and specific damages. I am also very
upset at your company's intentional infliction of emotional distress, other
diminishments of the quality of my life and refusal to follow the law.

Please understand that I am extremely concerned regarding the harmful resultant
consequences of the actions your company has taken. Please be advised that, if
this matter is not resolved expeditiously, I will take any and all necessary
steps to protect my rights.

If you wish to resolve this matter, this will be your last opportunity to do so.
The following item must be deleted from my credit files with the three major
credit reporting bureaus (Equifax, Experian, Trans Union) within 5 days from the
tracked and verifiable receipt of this letter. Forward a letter to me via
facsimile and via regular U.S. mail stating it has been removed and will not
reappear on my credit reports again. I will accept nothing less.

Please be aware if these accounts are not deleted within 5 days of receipt, I
will file a formal complaint with the Federal Trade Commission, my state's
Banking and Finance Bureau, and the Better Business Bureau. Also, note that
section 1681s-2( B) of the Fair Credit Reporting Act creates a cause of action for
a consumer against a furnisher of erroneous credit information (Nelson v. Chase
Manhattan).

For the purposes of 15 U.S.C. 1692 et seq., this Notice has the same effect as a
dispute to the validity of the alleged debt and a dispute to the validity of your
claims. This Notice is an attempt to correct your records, and any information
received from you will be collected as evidence should any further action be
necessary.

Thank you, and I look forward to your resolving this most expeditiously.

Your Name
Address
City, STATE ZIP
Your Fax Number


--------------------------------------------------
FINAL NUTCASE -- LETTER #3,
SENT IF NECESSARY, REQUIRES CUSTOMIZATION,
MODIFY TO SUIT YOUR ISSUES:
Note that this follow-up does state a claim
("you are incorrect" etc.) which should be
modified to fit your particular situation.
--------------------------------------------------

DATE

Name of Old Fully-Paid Acquaintance
Address
City, STATE ZIP
via facsimile transmittal

RE: Account # XXXXXXXXX

Dear Mr. [NAME OF COLLECTOR]:

I received a message that you have called my place of residence and left a
message regarding resolving the above-referenced account.

My previous letter, submitted via facsmile on [DATE], outlined what action needed
to be taken. I called you and left a message on your voice mail. Although I have
requested that all contact be in the form of written correspondence, I attempted
to again contact you via telephone at the number given (XXXXXXXXX) to resolve
this matter amicably. It seems that you are either never at your desk or you do
not answer your phone.

Let me once again outline what action needs to be taken. Since you have not
validated the above referenced tradeline within the given timeframe, you are to
immediately delete this incorrect account, in the form of a Universal Data Form,
from files with the three major credit bureaus (Equifax, Experian, and
TransUnion), and fax proof of the deletion to me immediately! Furthermore, since
you are unable to validate this tradeline, it is lawfully assumed that you are
unable to verify this account with the credit reporting agencies as well.

Also note, that section 1681s-2( B) of the Fair Credit Reporting Act creates a
cause of action for a consumer against a furnisher of erroneous credit
information (Nelson v. Chase Manhattan).

Please be advised that failure to comply with my requests will result in a
lengthy and expensive legal battle with your company. Considering that you are
not located in my state, you will have to appear here or retain outside counsel
to defend your interests. This matter can be resolved without such action.

For the purposes of 15 U.S.C. 1692 et seq., this Notice has the same effect as a
dispute to the validity of the alleged debt and a dispute to the validity of your
claims. This Notice is and attempt to correct your records, and any information
received from you will be collected as evidence should any further action as
necessary.

Thank you, and I look forward to your resolving this matter expeditiously, as
time is of the essence.

Sincerely,

Your Name
Address
City, STATE ZIP
Your Fax Number

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