Credit Repair Defaults
If you have defaults on your credit record, it is possible to have some of them
removed. Defaults are non-payments recorded on your credit files. When a person
is in default, they are subjected to lawsuits, liens, judgments, and other
complicated situations. If you are a student struggling to pay student loans, a
renter struggling to meet monthly bills, or a homeowner battling to stay out of
debt you might want to know what is available to you.
If you have a college
loan, which means you have a loan from the government you can ask for a default,
which gives, you time to repay the loan. Other types of defaults include
insurance policies, bills, car loans, personal loans, and other types of credit
lines. Sometimes we are subject to debts that may not be ours. There are
thousands of collection agencies and credit-reporting services throughout the
US. Sometimes there are errors sent to the credit-bureaus that put the default
on your credit file.
Once the default goes on your credit file it remains there
til the bill is paid in full. Now, if you did not make the purchase the first
thing you want to do is file a dispute. The problem however, defaults remain on
your credit file for a period of time before they are removed. The upside is
fighting for your rights and disputing the allegations made against you are
telling creditors that some boo-booed. If either you have credit-cards and
purchased an item or service on the card and the service or item was defeated,
you must first dispute the problem with the providers.
After you have disputed
the issues with the providers, you will next contact your credit-card lender and
inform them of the defaults on your credit-report. DON'T pay on items or
services that done you wrong, since this means the creditors will view you in a
If you have, insurance policies are delinquent on your bills, you might loose
your coverage, however in some cases you might be in more trouble than you
realize. Read all terms & agreements as well as any other fine prints before
obligating your self to a contract. If there is a default against you on your
policy contact your provider immediately and try to work out a plan.
contact, you could save your insurance as well as additional debts added to your
accounts. Anyone that lends you a line of creditor subjects you to defaults if
you can't make payments. If you have defaults on your credit files insure
that you work to pay the debts down to avoid complications.
Now here comes the bad deal when it comes to dealing with defaults on your
credit file. If you are subjected to identity theft, the ultimate resource is to
continue fighting for your rights. People are robbed, beaten, murdered, and
violated and so on every single day.
The difference between these situations and
identity theft is these people are survivors and identity theft victims are
victims for the remainder of their lives. I can say this with confidence, since
it has been seven long years since I was robbed of my identity and today I am
still fighting for my rights. Today I can't get an apartment in my name, nor
can I get credit. The reasonůMy credit file has Fraud Alert written all over it.
Once a Fraud Alert is posted on your credit, file it leaves creditors open as to
who committed the crime. If I had known about the FREEZE option when I sent
letters notifying my creditors that my identity was stolen, I would have had a
much better chance in life. Instead, no one told me. Now I am passing the word
on to others, since I never want anyone to suffer as I have as a result of
When your identity is stolen, defaults hit your credit files
continuously and remain there til the time allowed. If you are a victim of
identity theft, insure that you ask the credit-bureaus to put a FREEZE on
your accounts. This tells the creditors that you are a victim.