Credit Score New Rules They WILL Boost Your Scores This is Huge in Las Vegas, Nevada For Sale
Medical Collection Accounts - Paid By Insurance
Current Procedures -
If a consumer has a collection account that appears on his credit reports and the account is later paid (or is being paid) by his medical insurance,
the collection account will generally still remain upon the consumer's credit reports for 7 years from the date of default on the original account and,
as a result, will still have the ability to negatively impact his credit scores. This applies even with a zero balance.
Upcoming Changes -
New credit reporting policies will result in the immediate deletion of any medical collection that is paid (or is being paid) by a consumer's medical insurance.
Dispute Process Changes - More Discretion for CRA Employees
Current Procedures - When an account is currently disputed by a consumer, even when supporting documentation is included with the dispute,
the CRAs submit the dispute to the data furnisher via an automated system and generally will fully rely on the data furnisher to delete, modify, or fully verify the disputed account.
End of story.
Upcoming Changes -
In the future, CRA employees will be given a more power during the dispute process.
If a consumer files a dispute and backs the dispute up with supporting documentation yet the data furnisher still verifies the account as accurate,
the CRA will be required to assign an agent to review the account and to modify said account him/herself if a change is determined to be warranted by the supporting documentation.
Stricter Requirements for Collection Account Reporting
Current Procedures -
Collection agencies are currently allowed to report accounts to be included on the credit reports of consumers
and there is no guarantee it will include information regarding the name of the original creditor.
Upcoming Changes -
In the future, collection agencies will be prohibited from reporting any account without including the name of the original creditor.
In fact, collection agencies that fail to comply with the requirement could actually have all of their accounts removed from the credit file system.
This is a massive tool to use to improve your credit score.
Get this new report and it will show you how to beat their butts now..
Actual Documentation never before released, nobody in the world can beat this.
How to call the Credit Bureaus and have them delete right then while you are on the phone.
The Magic words to say
You will be amazed what you can do now.
PS
When your dispute is received a credit bureau employee or computer will begin by translating your dispute into a 3-digit dispute code that is supposed to capture the essence of your dispute.
You might write a three page letter explaining why you believe the item on your credit report doesn217;t belong to you but your claim is still boiled down to a simple code (i.e. Code 001 reads 220;not his/not hers221;).
Screw this Call them on the phone we show you how.
Email for details.