Category Archives: Credit repair

How To Remove A 30 Date Late Payment

Posted on July 8, 2010 by brian

Bob asked… How long does a 30 day late stay on your credit? I made 2 payments after 30 days, but brought them current. Do they ever report them as paid? A: Your credit card or loan payment is actually … Continue reading →

Posted in Credit repair, Late payments | Leave a comment

Can You Cancel An Automated Debit?

Posted on June 17, 2010 by brian

Q: Do you know if you ask a payday loan company to stop a debit is it legal for them to continue to do so? I had a pay day loan and I asked to stop the debit.  I wanted … Continue reading →

Posted in Credit Cards, Credit Repair Services, Credit repair, collections | Leave a comment

What Are The Tax Consequences For Settling A Collection?

Posted on June 10, 2010 by brian

Q: What recourse does a person have after settling a debt with a credit card company? After the settlement is made and the credit card company sends a 1099 to the person, are they required to pay taxes on the … Continue reading →

Posted in Credit repair, collections, taxes | 1 Comment

How To Get Your Lender To Reverse A Collection.

Posted on June 7, 2010 by brian

Q: What if my accounts are in collection? Could I still bring them current? If that is possible how would that work? -Adil A: There are a number of strategies you could use to handle a collection. Which one you … Continue reading →

Posted in Credit repair, collections | 1 Comment

What to do if you receive a summons.

Posted on May 27, 2010 by brian

Q: Hi Brian, Once a Creditor enters a Summons to take you to court for amount owed on a credit card, what is the best way to handle that? I'm currently enrolled with your program and am not sure what … Continue reading →

Posted in Credit repair, Law Suits, collections | 4 Comments

Can A Minor Have A Collection?

Posted on May 20, 2010 by brian

Q: I'm having a really hard time with my credit. You see, I'm twenty and already having problems. The collection I received was for may of 2005. I would have only been 15 years old. What can I do? – … Continue reading →

Posted in Credit repair, collections | Leave a comment

Lenders Penalize Borrowers Who Dispute

Posted on May 13, 2010 by brian

I got this great email the other day: Howdy Brian,   FYI – While a potential borrower applying for a mortgage loan has the right to dispute inaccuracies on his/her credit report, Lenders are now declining loans with disputes on their … Continue reading →

Posted in Credit Repair Results, Credit repair | 2 Comments

Is It Against The Law To Delete A Collection?

Posted on May 6, 2010 by brian

Q: When trying to negotiate the removal of a collection, most creditors say that its against the credit reporting laws and they can't delete the collection, all they could do is show it as paid.  Any suggestions or magic pills? … Continue reading →

Posted in Credit repair, Debt Settlement, collections | 1 Comment

Do Settled Collections Hurt Your Credit Score?

Posted on April 29, 2010 by brian

Q: Hey Brian, I have quiet a few collection accounts on my report and some of them are settled. I was wondering if a settled account on the report counts against your score instead of helping it? – Joel A: … Continue reading →

Posted in Credit repair, Debt Settlement, collections | 2 Comments

Authorized User Accounts and Bankruptcy

Posted on April 23, 2010 by brian

Question: If someone is filing chapter 13 bankruptcy and one of their debts is money borrowed from a family member (cousin) from a unsecured line of credit and is an authorized user on the account and that account is reporting … Continue reading →

Posted in Authorized Users, Credit repair | 1 Comment