-This is a sample “MOV” or “method of verification” letter. It’s an advanced tool in a consumer’s credit repair arsenal. Before using it, you should read about Method of Verification.
Experian
701 Experian Parkway
Allen, TX 75013
RE: Fair Credit Reporting Act Request under § 611(a)(0)
To Whom It May Concern:
Time is of the essence with regard to this request. You [...]
At least one major credit repair website touts “Method of Verification” as a “secret credit repair tool.” Well, not exactly. Method of Verification, or “MOV,” refers to a statutory right that consumers enjoy to demand that a credit reporting agency (transunion, equifax, etc.) supply upon request the method of verification when a consumer asks that [...]
LearnAboutLaw Staff, March 2008
Debt collectors are restricted by powerful state and federal laws from a wide range of practices. You can stop debt collectors from harassing you by following a few guidelines.
The principal law that protects debtors from harassment is the Fair Debt Collection Practices Act (the FDCPA). This law imposes obligations on [...]
-This letter should be used by an individual when writing to a credit reporting agency (equifax, Transunion, Experian) when seeking to correct false or incorrect information on one’s credit report.
Remember:
The agency must investigate or remove the negative item in 30 to 45 days.
February 27, 2008
Equifax Information Services, LLC
P.O. Box 105873
Atlanta, GA 30348
To Whom It May [...]
Sample Credit Inquiry Dispute Letter
-This letter is used for a very specific purpose: to ask a person or company to justify, prove authorization for, or remove an “inquiry” (a “hit” or “pull” of a credit report) by an unauthorized person or company. This approach rarely works on its own, but this letter [...]
Foreclosure is the process by which a bank or lender takes possession of collateral used to secure a loan. Put another way, foreclosure happens to a homeowner when he or she doesn’t pay their mortgage.
There are two types of foreclosure: judicial foreclosure and trustee’s sale (non-judicial) foreclosure. Some states use one or the other, and [...]
How Does Foreclosure Affect My Credit?
Foreclosure devastates credit–the only greater “derogatory” on a credit report is a bankruptcy. If you follow your FICO scores, you would tend to see a drop in the 120 to 150 point range. The amount of the drop will vary depending on the other items on your credit report. A [...]