

A consumer came to InCreditable Advisors because she had questions about items that were on her credit report. We analyzed her credit reports from all three credit reporting agencies, the credit reports had a few collection accounts that needed to be paid and some accounts that were already paid, but still were being reported incorrectly. There was one debt for a cellular account that had been paid, but the dates of last activity were changed. Having collection accounts listed on a credit report showing paid are seen by lenders as a positive step but can affect the credit score if newly updated. Although her credit score was in the 700’s, she still wanted to improve on her score.
Since it’s illegal for any creditor or collection agency to change or alter dates on a credit report, we decided to submit a dispute letter on behalf of our client to the bureaus that were reporting the incorrect data. Although an original creditor can sell or transfer an account, the collection agency can at times mistakenly input incorrect data to a consumer’s credit profile. All collection company’s are required to provide correct proof of dates in order to continue to report data on any debt to a consumers credit report. Since this collection company could not prove that the dates they had listed were accurate, it was deleted from our client’s credit report. The other accounts that were paid had exceeded the statute of limitations and also were removed from her credit reports. The 2 remaining accounts were paid and updated accurately.
Result: After a few months our clients credit score had increased by an estimated 40-50 plus points which varied between the three bureaus. Our client is on her way to getting the score she was looking for in order, to refinance her house at a historically low interest rate with the help of InCreditable Advisors.
InCreditable Advisors – Restoring your greatest asset…Credit.
InCreditable Advisors is Indy’s #1 Credit Consulting Company. We are fully licensed, registered, and Bonded as required in every state in which we operate. Our company’s specialization is Credit Repair, Debt Settlement and Credit Education. Our service is empowering and impactful in the ways we assist with all phases of the credit rebuilding processes. Call us today at 317.202.1297 for a initial credit analysis.
InCreditable Advisors is a reliable, professional, and experienced Full Service Credit and Debt Consulting Company. We are fully licensed, registered, and bonded as required in every state in which we operate.
Phone: (317) 202-1297 x1
Email: customercare@creditindy.com