IN MY MANY YEARS OF ASSISTING PEOPLE IN IMPROVING THEIR CREDIT, I HAVE ENCOUNTERED MANY INTERESTING SITUATIONS WITH CONSUMERS AND THEIR CREDIT PROBLEMS.

HERE IS AN EXAMPLE – IN THE MIDDLE OF HIS MID-LIFE CRISIS A MAN WE’LL CALL JOHN IS DRIVING PAST A LOCAL CAR DEALER AND SPOTS A BEAUTLFUL BLACK CONVERTIBE SITTING ON THE LOT.  HE IMMEDIATELY DECIDES HE WANTS THAT CAR. HE PULLS INTO THE LOT AND ENCOUNTERS A SALESMAN WHO IS MORE THAT GLAD TO SELL IT TO HIM.  THEY AGREE ON A PRICE AND THE SALESMAN GOES INTO HIS OFFICE TO PROCESS THE PAPERWORK. IN A FEW MINUTES HE RETURNS AND SAYS – I’M SORRY BUT WE CAN’T SELL YOU THE CAR.  WHEN JOHN INQUIRES AS TO WHY THE SALESMAN INFORMS HIM THAT HIS CREDIT SCORES ARE TOO LOW.

THAT’S IMPOSSIBLE!!  JOHN SAYS. I NEVER HAD A CREDIT PROBLEM IN MY LIFE.  THE SALESMAN GOES BACK INTO HIS OFFICE AND PRINTS JOHN’S CREDIT REPORT. JOHN REVIEWS IT AND FINDS QUITE A FEW TRADE LINES THAT DID NOT BELONG TO HIM.  THEN IT HITS HIM.  HE HAS A SON, JOHN JR. WHO ISN’T NEARLY AS DILIGENT ABOUT PAYING HIS BILLS AS HIS FATHER. OBVIOUSLY HIS SON’S CREDIT INFORMATION HAD BEEN MERGED WITH HIS REDUCING HIS SCORE BY ALMOST 75 PONTS.

JOHN’S CASE IS NOT UNUSUAL.  INDIVIDUAL’S WITH COMMON NAMES HAVE HAD THEIR CREDIT REPORTS MERGED IN THE PAST BY THE CREDIT REPOSITORIES.  THE PROBLEM USUALLY OCCURS DURING WHAT IS CALLED THE “TRI-MERGE” PROCESS THEN THE INORMATION FROM THE THREE MAJOR CREDIT REPOSITORIES ARE MERGED TOGETHER INTO ONE REPORT.

THE LESSON??  REVIEW YOUR CREDIT REPORT AT LEAST TWICE A YEAR.  WHEN YOU DO MAKE SURE THE ESSENTIAL INFORMATION, INCLUDING YOUR NAME, ADDRESS AND SOCIAL SECURITY NUMBER ARE CORRECT.  IF YOU FIND ACCOUNT INFORMATION THAT DOES NOT BELONG TO YOU CAN IMMEDIATELY DISPUTE THAT INFORMATION ON LINE USING THE ONLINE DISPUTE SYSTEMS PRESENTED BY THE THREE CREDIT REPOSITORIES ON THEIR WEB SITES.

IF YOU WOULD LIKE MORE INFORMATION ON HOW TO DISPUTE CREDIT REPORT ERRORS YOU CAN PURCHASE MY HANDBOOK ENTITLED ” THE CONSUMERS GUIDE TO READING YOUR CREDIT REPORT” AVAILABLE ON AMAZON.  GO TO THEIR SEARCH ENGINE AND TYPE MY NAME, WILFRED COOMBS.

YOU CAN FIND INFORMATION ON ALL OF THE PUBLICATIONS WE OFFER BY VISITING OUR WEB SITE AT DEBTPROS21.COM.

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