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Reader mail

Thursday, November 20, 2008

Reader mail: Student loan NOT received ruining credit (school fraud)

Hi Christine,

First of all I would like to thank you for taking the time to read my email. My name is [redacted] I’m 28 years old and I have a big dilemma. I have on my credit report a supposed student loan that I never paid off.

I applied to a computer programming school in Pennsylvania a couple of years ago after they received all my info they invited me to come in and try out there classes for a couple of days and see if I want to go there. I did try it but didn’t like it so I never went there again. When I applied for a car loan some time later I got denied. I got a copy of my credit report and found out something really awful. They took out a student loan on my name for $8,000. Later I found out from a friend that read in a local paper that the school got shut down by the FBI and the owner went to jail because they were doing fraudulent government school loans with different people. (people who like me didn’t even go there) I have had the student loan companies call and harrass me for the money and I have been trying to explain to them the whole story but they don’t listen. My credit now is in upper 500’s and I’m trying to start a familly but its very hard to get anything with a score like mine. I would really appreciate any guidance where or how I should handle this situiation. Thanks again in advance for time and understanding.

You need to dispute in writing.  If you need help with that, please subscribe to CreditFactors and I’ll be glad to help you at the CreditFactors forum.  Obviously, I need some more info such as your dispute history and who is collecting and reporting, but this SHOULD be very easy to resolve with a few dispute letters.

As of today, all CreditFactors orders for subscriptions and services are available with a 50% TRADO payment.  I’m installing software today, but will be out in court all day tomorrow, so it will probably be this weekend until you can sign up to claim your T100 Trado account opening credit.

Monday, November 17, 2008

Reader mail:  American Agencies collecting 10-year old debt

I was contacted by an American Agency representative, who was attempting to collect a 10-year-old debt.  He said I owe $300.  He was attempting to offer me a settlement amount.  I asked him exactly what the amount entailed, and he said he cannot provide me with that information since the debt is so old, but did inform me that it includes 10 years of late fees. I provided him with my mailing address and then went to the American Agency website and sent an email about providing the details of the bill. 

Can this be true?!?!  This just seems completely ridiculous to me. 

Please advise.  I don’t have an account number, as this is the first time I’ve heard of this debt. (At least in the last 10 years)

Do NOT pay that debt.  Since it is OVER 7 years old, they can NOT legally report it on the credit.  And they definitiely can’t get a judgment. Even if the statute of limitations had NOT expired, they’d have to DOCUMENT the debt in court, which they obviously can’t.  Nor would they sue for such a small amount.

Send the “cease and desist” letter INSTEAD of payment:

[your name, address]

[Am. Ag. address, it ought to be on their website]

[date]

Re: Cease and desist collection of disputed debt [provide whatever info you have, account #, original creditor]

Please immediately stop all collection activities and do not contact me again.  Should you have any questions regarding this notice, please contact me by fax to [#, or if you don’t have a fax, request contact by mail]

Sincerely,

[your name]

--------------------------------------------------

Don’t provide your SSN.  Send with DELIVERY CONFIRMATION or signature.  They are known liars and won’t hesitate to commit perjury.

When you requesting more information you only encourage more collection efforts and you waste more time on it. 

Saturday, November 15, 2008

Reader mail:  Need inquiry deletion to pay for surgery or will die

Hello Miss Baker

I noticed a post on credit forum. I may be able to provide documentation that will show my deletion and dispute of inquiries online with Experian.

I do have a favor to ask of you though, i am trying to delete some inquiries on EXP immediately, it is kind of a life or death situation and i need funding for a surgery immediately and with my inquiries on EXP i am at a standstill.

Can you direct me to someone or help me understand how to do this the fastest?

Thank you so very much

...

As I stated in NUMEROUS posts and in the ANNOUNCEMENT at creditforum.org, much of the information is OLD, the forum has been closed for YEARS. I have ZERO interest in anyone’s documentation about inquiry disputes.  It’s VERY old news and still used by incompetent credit repair people to drum up business. I also posted the link to http://creditfactors.com/

Inquiries should NOT be deleted, as the reporting is required by the FCRA.  Obviously, if somebody ran the credit and did not have a permissible purpose, you should immediately file a lawsuit against the person who obtained the credit and the credit bureau.  The inquiry should not be deleted, but it should only be reported to the consumer and therefore not impact on credit scores.

This reader sounds like one of those people who read at the public credit forums and is completely clueless about what it takes to get credit and how to analyze FICO score factors.

“… it is kind of a life or death situation and i need funding for a surgery immediately and with my inquiries on EXP i am at a standstill”

That is about as offensive as it gets.  I hate nothing more than people lying to me and treating me like a stupid idiot.

If someone REALLY needed money for surgery and it is a matter of life and death, I would first of all expect that person to pay me for my expertise and 2nd, I’d like to know which hospital will refuse surgery and have you die because you can’t pay.

I think this reader is full of crap and he just wants me to work free of charge. 

I have a zero tolerance for freeloaders.

BTW, part of this reader’s email address is “financingdoctors”—can you believe the NERVE to try to scam me for free advice?  Probably specializes in financing plastic surgery or liposuction.

Wednesday, November 05, 2008

Reader mail: sued by Capital One - counter claims

I am currently involved in litigation with Capital One as a Defendant however Capital One has pulled several illegal things and our counter-suit would be greatly supported if I can prove that this is their standard course of behavior.  If you would be willing I would love to chat with you on this.  Thanks so much for at least reading this.

...

“Chatting” on the phone doesn’t prove anything and I doubt that proving their “standard course of behavior” will make a difference to any judge.

There are many THOUSANDS of people who are being sued and who’d like to talk to me.  I don’t even talk to PAYING CLIENTS on the phone.

Lawsuits are serious shit.

It’s not like chatting about a movie you saw last week or whatever social stuff. 

I have posted SO much information on how to deal with original creditor suits. I don’t even want to look up the links again.  I’m tired, long day.

The banks CREATED the money out of nothing and if WE could create money as they do, we wouldn’t have a problem paying back the loans.

There’s the FREE info, Michael’s filings, discovery requests, etc. and there is CreditFactors. 

One thing that’s very special about Capital One is that they didn’t report the credit limits until last year.  So that makes an EXCELLENT counter claim for the debtors who took my advice to DISPUTE and who had Capital One verify without the limits. 

Anyone can try the unclean hands defense.  Capital One definitely CAUSED defaults by failing to report the limits, resulting in lower credit scores and higher interest rates or declines.

And then there could be 3rd parties who caused your cashflow problem.

The credit bureaus who didn’t report the credit limits or correct after disputes, other creditors who raised interest rates, etc.  YOU should know why you can’t pay your bills and if it’s due to fraud / deception / illegal activities by third parties, name them.

So I hope that’s helpful to some of the many people who are getting sued.

Sunday, November 02, 2008

Reader mail: foreclosure, altered loan docs and 10% interest rate

miss christine, i visit your web i have a few questions, i dont know what to do, i dont want to loose my home.
i got stuck with a predetory lender on a interest only loan of 9.95% on 160,000.
the lender added and change information on the loan documents after i sign the loan now he wants to take my home and he serve me with the documents for foreclosere.please were can i go rof help
...

My posting with several links to documentaries about my foreclosure work and lots of resources.

For starters, you need to scan and post the loan documents with and without the changes and your communications with the lender.

At closing all changes are initialed, so it’s easy to prove that they altered the loan docs.  And of course you have YOUR copies of the docs and you can also get copies of all docs from the title company.

I’m not aware of anyone who will work for you free of charge.

There is lots of hype about all kinds of help for people in foreclosure, but I’m NOT aware of any credible organization.  According to many reports, they’re mostly scams. 

Chase just announced that they’ll modify 400,000 loans, don’t know yet how that will work out and whether they’ll only defer interest and add it to the balance.

In my own experience, legal aide type outfits are completely incompetent, but if you have lots of time, you might give them a try.

If you’re subject to judicial foreclosure, file counter claims.  If not, you may have to file a lawsuit.