If you have credit problems, finding a mortgage can be a very daunting and confusing experience. Using an independent real estate and mortgage service, such as Mortgage Loans USA, gives you a dedicated mortgage professional to advise you on the options available, explain any and to guide you through to completion.
Mortgage Loans USA gives you impartial advice on the best mortgage for your situation from the entire market and will leave you feeling more informed and knowledgeable about the options available. In addition, We Have strong links with large lenders putting you in a better position to secure an adverse credit mortgage than by searching the market alone.
Our advice to non-conforming borrowers is not solely based on the rate, but on the package as a whole, because larger lenders are increasingly offering extra incentives. We will also help advise you how to repair your credit situation so you can borrow from high street lenders again in the near future.
The following techniques will help correct your credit and should be done with all Credit Bureaus.
In this section you will learn the ways of removing negative items from your credit file. These methods are sometimes referred to as "Credit Repair". These are the exact same methods credit repair clinics and attorneys charge up to $3,500 to perform. Since they do not always do it correctly, consumers have been taken for millions of dollars over the past years. We will also show you all the jealously guarded secrets on how to outsmart creditors who are damaging your credit!
What the Credit Bureaus Don't Tell You:
1. Each item on your credit report must be proven or it cannot remain in the report. If the credit bureau cannot verify the item when investigated, it must be removed from your file whether or not it's true.
2. Every negative entry on your report can be denied or challenged at any time. The bureau must reinvestigate and if that item cannot be verified within a "reasonable amount of time", it must be removed from the file.
3. Items when challenged can be mistakenly erased. Consumers say they often experience computer operator mistakes.
4. Many times the creditor does not re-verify in time or the credit bureau is busy and does not handle your dispute properly. It must then be deleted.
5. The older an item, the more difficult re-verification is. It is possible it cannot be verified because records may no longer exist after 1 or 2 years.
Steps to Repair Your Credit
1. Obtain your three credit reports.2. Review the reports and locate the negative items.3. Dispute the negative items with the credit bureaus.4. Disputed items are removed or corrected. Items that were not re-verified are removed.5. Negotiate with creditors and collection companies.6. After negotiating and making payment, creditors delete the negative accounts or change them to a positive rating.7. State the item you are disputing, but do not use dispute forms or file numbers provided by the bureau. This will cause fewer delays by the credit bureau asking for clarification.8. Do not confirm the account if any information about the item is wrong.9. Do not use letterhead (you don't want to raise any Red Flags).10. Do not photocopy a fill in the blanks form letter (another Red Flag).11. Send disputes during busy times of the year. For Example: The first to middle of November can cause a delay in verification because of Thanksgiving. Christmas rush for the creditor and the bureau can catch them before they can thoroughly investigate within a reasonable time.
For further assistance, Please email us or call us directly at: (888) 805-0746 to discuss any of these matters in further detail.
