How does a business report consumer accounts to a credit reporting agency?
Posted by admin in Consumer Credit Report on December 5, 2011
Question by Dreamy: How does a business report consumer accounts to a credit reporting agency?
Business needs to update consumer account such as payment and judgment information. any tips?
Best answer:
Answer by SPIFIMAN1
This requires an account with the credit bureaus and if you are truly updating information you should know whole about this already.
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Can a collection agency pull a consumer’s credit report after the debt is past statute of limitations?
Posted by admin in Consumer Credit Report on November 30, 2011
Question by roberta1126: Can a collection agency pull a consumer’s credit report after the debt is past statute of limitations?
It is listed as a hard credit inquiry on debt that is past statute of limitations for both reporting and legal collection. It is past the sol on ascribing reporting and is clocked-barred for collection through the courts.
Best answer:
Answer by swflsteelerfan
Pay attention closely. Credit can be pulled from any and all agencies regardless of length of time. Most if not all companies will sell their old debt to another collection agency, thus keeping the previous debt still active, regardless of time.
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Attorney Scott Behrendt Honored as a Southern California Rising Star for 2011 by Super Lawyers
Posted by admin in Dispute Credit Report on November 25, 2011
Attorney Scott Behrendt Honored as a Southern California Rising Star for 2011 by Super Lawyers
(PRWEB) July 29, 2011
Theodora Oringher PC congratulates attorney Scott Behrendt on being named a Southern California Rising Star for 2011 by Super Lawyers. Each year, Los Angeles Magazine and Southern California Super Lawyers magazine honor the top young Rising Stars, which comprise only 2.5 percent of total lawyers in Southern California.
Scott is a results-orienting attorney specializing in high-stakes and complex commercial litigation, with an emphasis on providing excellent client service in a cost-effectual and efficient manner. “What is unique about Theodora Oringher is that we are staffed and size to provide the flexibility and personalized attention of a midsize firm, while at the same time maintaining the resources and expertise of the larger international firms. This enables us to provide less expensive and more competitive rates and focus on servicing our clients more cost-efficaciously and efficiently than others.”
Prior to joining Theodora Oringher PC, Scott was an associate with the international law firm of Jones Day in Los Angeles and has more than a decade of experience in a broad range of complex commercial litigation matters in both state and federal courts, including multi-party business disputes, private and public sector construction, class actions, race and gender discrimination, trade secrets, public utility-grade rates, entertainment, white-collar crime and inspector general investigations, professional liability, unfair business drilling, consumer credit reporting and reseller services, and interstate judgment enforcement and debt collection.
Scott has successfully delineate and advised a diverse thwartwise-section of both large and small private and public entity clients in industries such as engineering and construction, education, national credit reporting, water and power utilities, global communications, medical device manufacturing, entertainment, biomedical research and treatment, hospitals and skilled nursing facilities, textiles, meteorological sensors and aviation braved systems, law enforcement, specialized laser application products, and notebook computer manufacturing.
Scott also successfully prosecuted numerous criminal jury and bench trials, hundreds of felony preliminary hearings, and linked criminal proceedings as a certified law student under the supervision of the Los Angeles City Attorney’s Office, Los Angeles County District Attorney’s Office, and the Orange County District Attorney’s Office.
Scott resides in Theodora Oringher’s Los Angeles and Orange County offices and can be contact at sbehrendt(at)tocounsel(dot)com.
Theodora Oringher PC is a business transactional and litigation law tautening that is committed to meeting the evolving needs of its clients by combining tradition with technological sophistication. The tautened’s clients include publicly and privately held companies throughout the United States, as well as start-ups, many midsize companies, and public entities. Clients recognized Theodora Oringher’s commitment to quality service by naming it one of the outstanding law firms in the country in the “Clients’ Choice” survey conducted by The American Lawyer. The firm is also AV rated by Martindale Hubbell, its highest law firm rating.
To acquire more about Scott Behrendt and Theodora Oringher, please visit: http://www.tocounsel.com/professionals/attorneys/getProfile.asp?attorneyID=40 and http://www.scottbehrendtattorney.com/index.html
Follow Scott at:
http://www.linkedin.com/pub/scott-behrendt/6/963/8b
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Q&A: Does taking out a small bussiness loan go on your personal credit report?
Posted by admin in Personal Credit Report on November 20, 2011
Question by Jason K: Does taking out a small bussiness loan go on your personal credit report?
I have recently joined a LLC which will be taking out a loan for the business. I will not be garunteeing the loan, (another partner is doing this) but wonder if it will affect my personal purchases in the future (mortgage, cars, etc). Thanks
Best answer:
Answer by kembree_qdg
Hello. I am also a member of a LLC. We took out a RLOC with a local bank, and I have not found that it influences my credit rating. However, I don’t have any real proof. I think the outflank way to find out for sure would be to get a detailed copy of your ascribe report and check the open accounts section. If your RLOC is name, then you know your lent is being used to evaluate your personal credit. Hope that helps.
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WHAT LENDERS LOOK FOR IN A CREDIT REPORT & THE FOOL PROOF BUSINESS CREDIT EBOOK
Posted by admin in Personal Credit Report on November 20, 2011
(Add credit history using UCC-1 and public filings) – Order the “FOOL PROOF BUSINESS CREDIT” Ebook today click the “Y” in the title “Year 2010″ on the home page an get a dicount & a “Free Lifetime Membership” at www.Gboogie.net Lots of free…information!!! or direct link www.tradebit.com GBOOGIE “THE KING OF BUSINESS CREDIT” Educating America!!!!
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BuildMyCredit, Inc., Informing Consumers of Credit Repair Scams, Tips, and Insights
Posted by admin in Consumer Credit Report on November 15, 2011
BuildMyCredit, Inc., Informing Consumers of Credit Repair Scams, Tips, and Insights
Laguna Hills, CA (PRWEB) November 11, 2011
BuildMyCredit, Inc., a leading credit restoration company, is taking the steps to inform Americans about credit repair. For those who have finally decided to take some action getting to work on fixing their good old credit score, it is necessary to take the first step and enroll in a quality credit restoration process. This can save consumers money by leveraging good credit to qualify for lower interest rates associated with the purchase of a home, mortgage refinance, new car or even help to find a better job. Having good or bad credit seems to follow consumers wherever they go.
Is credit repair legal?
There is nothing illegal about credit repair. In fact, the Fair Credit Reporting Act(FCRA) spells out legal rights and protocols for disputing items on a credit report. Additionally, the Federal Fair Credit Billing Act (FCBA) allows the right for an individual to request broad amount of information regarding billing and payment history from a creditor. Basically this means that a company like Chase or Wells Fargo have to give consumers the right to investigate their payment history.
Consumers have the right to verify that the information located on their credit report is accurate, up to date, and verifiable. Credit agencies are obligated to report 100% accurate information. Many times credit reports are not reporting accurate information. Sometimes it may be as minor as reporting that payments are 60 days past due when it is really 30 days past due. This simple oversight is grounds to have the item removed from the bureaus. According to the Fair Credit Reporting Act only items that are unverifiable, inaccurate or out of date should be disputed by consumer. The law prohibits any information that is not completely accurate to be removed or updated. This is one of the many processes we utilize to repair consumers credit. There are so many processes that go into credit repair, working with a company who understands those details will eliminate many of the worries the average consumer faces.
Finding the Right Credit Repair Company
Doing a little research online is not a bad idea to help find a good credit repair company. The Better Business Bureau is not always the trump place to start searching. Find out how yearning the company has been helping consumer’s repair their credit, do they have physical offices, do they serve their own consumers or sell them off to a 3rd party processing center. What does their merchant services track record stare like? Does the company offer a 100% money rearward guarantee?
There are always questions of whether or not the credit fix firm that was chosen to retain is credible or not. There are many more ways to find out if you’re working with a reliable and credible credit repair organization.
1) Does the assign repair company encourage a consumer to break the law? This is the first red flag to watch out for. Some credit repair accompany do some rather questionable things and make false promises in order to mislead consumers. As a result the Federal Trade Commission (FTC) developed the Credit Repair Organizations Act CROA to police and regulate credit repair organizations. For example, it is illegal to change a person’s Social Security number in order to get a clear bill of credit. It is also illegal to simply dispute every item on a credit report regardless of its nature. Many organizations will try to use a global dispute process to get results. It’s kind of caring throwing something against a wall and hoping that part of it sticks.
2) Does the credit repair company charge advanced fees? This is a big no-no. No credit repair organization can charge any advanced fee for work that has not been completed. According to Jonathan Emmons, Case Manager at BuildMyCredit.com, “We process every document, prepare every letter, and review every credit report before we even prepare an invoice. Once we’ve done what we indicated we would do for our clients we simply ask to be paid. I am amazed at how many companies charge upfront fees to do credit repair when the law expressly prohibits this.”
3) Does the credit repair company clearly indicate what they’re going to do in a contract? Everything must be in writing. No matter what, be sure that the company of choice has a contract that clearly outlines their duties and obligations to the consumer. The contract should disclose how much it will cost, and how a consumer can cancel or back out of the contract.
4) Does the credit repair company have a website that clearly shows what they do and how they do it? Doing a little online research never hurts. Looking at a companies website and reading through all the OK print and can save a lot of time. A full example of a credit repair website that offer a strong credit repair service is http://www.buildmycredit.com.
5) Does the credit repair company promise that they can remove items from a credit report? There are no guarantees a quality ascribe repair company can actually achieve results. It’s important to understand that every impute repair company on the market should do its best to assist their customers getting clean credit. However, no one can guarantee or promise what another company will or will not do. The process take time to complete and a diligent credit repair company will remain on the job to get the results they’re look for on behalf of the client. Many credit fixed companies offer a monthly service fee and what is commonly called a first serving fee. These are common fees to expect to pay in doing reliable credit repair. Consumers may cancel service at any time but the longer they remain on a credit repair program, the more likely of receive favorable ensue.
Regardless of which company consumers take to hire to help fix their credit, it’s important to understand that the process of credit restore is 100% legal. There are reliable credit repair companies fix to assist consumers in the market place today. The process can act clock so don’t expect instant rewards. Patients and diligence will help get the best results for obtaining a strong credit rat and score.
For more information about how BuildMyCredit.com can help you log on to http://www.buildmycredit.com or call them today for a free credit repair consultation at 1-855-4BUILDMYCREDIT or 1-855-428-4536.
BuildMyCredit, Inc.
23152 Verdugo Drive, Suite 160
Laguna Hills, CA 92653
(949) 916-5331
marketing(at)buildmycredit(dot)com
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.