Credit Repair Business Tips and Strategies

Can You Talk about Beginners and Viral Marketing?

mikec — Fri, 27 Aug 2010 10:01:53 +0000

Would like to learn more about viral marketing. Do you have a class or way for the beginner to learn how, and where to start?

What are Your Outsourcing Recommendations?

mikec — Thu, 26 Aug 2010 10:01:22 +0000

Can you provide your suggestions for outsourcing on the next webinar? You have mentioned it on a couple of webinars and I would like to know your recommendations before I start my research.

What can you Tell Me About Credit Monitoring?

mikec — Wed, 25 Aug 2010 10:01:59 +0000

Just wanted to know if you knew anything about Credit Monitoring since you, as a credit repair business, could sell that as a product. I have been on the internet searching for info, but can’t seem to find anything.

Payments in Advance and CROA

mikec — Tue, 24 Aug 2010 10:01:59 +0000

According to the Credit Repair Organization Act: (b) Payment in Advance — No credit repair organization may charge or receive any money or other valuable consideration for the performance of any service which the credit repair organization has agreed to perform for any consumer before such service is fully performed. I would like to know from a professional… How does this process work on accepting payments?

Do the Changing Amounts of a Payment Plan Affect the Debt Ratio?

mikec — Mon, 23 Aug 2010 10:01:26 +0000

I have a client. Widowed lady that was left with the taxes and financials of her wealthy husband after his death. She has $600,000 in Tax liens on her report. She has a payment plan set up that she is following and will follow the rest of here life. We both believe the balances to be inaccurate due to the fact they change every month due to her payments. My concerns are: Does this directly affect her debt ratio to where there is no hope even though a payment plan is in place? Should she use her 100 word statement to express this? Is it true that if it’s verified or emains, that an MOV often times gets an item removed because bureaus don’t verify with courthouses?

What Methods are Best for Several Negatives from One Furnisher?

mikec — Sun, 22 Aug 2010 10:01:05 +0000

What if you have a client where (s)he has several negatives but most are all to one furnisher with the same address. For example, one guy has 7 short sales where the 1st mortgage was with Washington Mutual/Chase and all his second mortgages are the Countrywide/Bank of America? Is it more difficult to remove these because if you dispute one mortgage, doesn’t WaMu/Chase automatically verify the other 6 mortgage negatives?

Is Confirmation of Identity Important?

mikec — Sat, 21 Aug 2010 10:01:39 +0000

How important is it to get clients identification (such as drivers licenses, social security card or piece of mail) to confirm identity when mailing letters to bureaus? Do you need all, or one over another?

How Do We Handle “Unknown Account” Disputes?

mikec — Fri, 20 Aug 2010 10:01:55 +0000

I’m given some tri-merges where an account is really not fully identified. This especially happens with Equifax. It reads account name as “Unknown Acct” and for its account number it reads as “XXXXXXXXXXXXX.” I have had a couple of clients where all Equifax negatives are identified as “Unk.” I try to dispute and always request a full, updated credit report; however, Equifax comes back with “please be specific” results page and no full report. How do I effectively dispute this type of account in order to get a complete Equifax report so it states more clearly what accounts are reporting to these particular clients?

How Do You Market to Prospective Affiliates?

mikec — Thu, 19 Aug 2010 10:01:58 +0000

I was wondering if you have a sample of a sale/marketing piece that you would leave with an affiliate client/prospect?

Without Response on Previous Disputes, Good Idea to Send New Disputes?

mikec — Wed, 18 Aug 2010 10:01:57 +0000

Is it okay to mail new disputes if some accounts are still under dispute and no response has been received?