Help Me With Sign Massachusetts Banking Business Letter Template

Help me with industry sign banking massachusetts business letter template

[Music] hey what's up my youtube fam this is larry with invest and build your credit and wealth and today we're going to be talking about how do you update delinquent accounts that are paid but they're still showing delinquent and we're going to talk about my favorite strategy uh how do you remove collection accounts using a restrictive endorsement letter and why do you use this letter uh in in instead of doing a pay for deletion and when you've already disputed you've already sent in uh validation letters dispute letters to the collection companies and they just do not want to remove it and you want to get this removed off your credit report because it is hurting your school we're going to talk about this very effective strategy that i've been using for years uh and have gotten plenty collection accounts removed uh it's it's basically a settlement but you're gonna settle for less than what they're asking for and it's a strategy that's there definitely very effective and i'm gonna give you this strategy uh so the first thing we're going to talk about is delinquent accounts you know i got my little computer over here and my notes uh so we can go over this so we're going to talk about delinquent accounts but first let me back up a little bit please subscribe to the channel please hit the bell for notifications please leave a comment please hit the thumbs up you know the deal we trying to share this channel this channel is all about helping you improve your credit and also helping you how to improve your financial health educating yourself on investing in the stock market growing your wealth that's what it's all about that's why this channel is called what it is invest and build your credit and wealth they are linked poor credit score is causing you're paying out more money to lenders and people you have loans out for and you can't take that money and invest back in yourself but if you improve that credit put more money back into your pocket you'll see you'll be able to invest that money back into yourself and grow your wealth so that's why i like to cover these two topics because i promise you in the last uh two years uh probably three years uh i mean just totally had changed my financial status in a a tremendous way you know what i mean so it doesn't make a difference how much you make always made really good money but it does determine how much money you have in the bank that's where it that's where it all comes true and really shows you the difference so that's what we're going to talk about but we're going to definitely start in this delinquent account so i'm going to go over what you should do i'm going to get very detailed so take out your pen paper i also have a a master dispute package that has all this information in it has all anything you possibly need to update and correct fix repair restore whatever you want to call it your credit report it is very effective have the manuals in there uh metro 2 it has everything that gives you all the information you need to improve any type of letter freeze letters it's it's time it is so big that if when people purchase it i have to send it in two separate emails because the folders are just so big and as it continue to grow it may go to three because as i get new information and as i update letters i continue to add to that uh all you have to do is go in the descriptions uh you could uh go in there email me uh the reason i prefer email because it gives me an opportunity to email and if you have any questions uh you could ask me whatever you want to ask me once you purchase the you will have you already have my email then i also give you my business credit repair phone number you have that so if you have a question about something you can reach out to me call me i'm always willing to help people because it's so important for you to improve your credit right it's it's so important right so it's in the description if you want to uh get in the credit monitoring you go in the description you can go to my website which is ww www.advancedloancreditservices.com you can go to st hit the as soon as you go to my page it says start here you can get your three reports uh from identity iq for 19.99 uh so definitely going there pretty cheap and you have all the information i love this site because it have addresses phone numbers everything the creditors that are reporting which is definitely very effective when you're trying to get out dispute letters and stuff like that so if you're interested go to my website email me if you have questions leave a comment if you have questions i'm always here to help you so let's get into it so delinquent accounts again we're talking about delinquent accounts that you may have had delinquent you may have owed two hundred dollars three hundred dollars a hundred dollars fifty dollars you were late 30 days or 60 days or 90 days you eventually paid that account off it is now showing a zero balance but it is still reporting as a delinquent account what happens is that the when the credit brokers get that information they only update the balance and they'll say well you have a zero balance but when you go down and you stroll down in the payment status you will see that it's saying that you're still late 60 days or 30 days or 90 days i have a lot of clients when i'm going over their credit report i'm like why they were putting this account delinquent this count is no longer delinquent they paid this account if it is paid off it's no longer delinquent delinquent is at that time if that account delinquent today no that count has a zero balance is paid is no longer the length they cannot report discount being delinquent it is affecting your credit score right and if you go into the the summary of your credit report where you have your open account closed accounts how many accounts you have derogative how many counts are in delinquent status you know how many collections you have how many inquiries you have all that's in your summary and when you look at that and you look and say why do they say i got two delinquent accounts and you're strolling down and you like all my accounts are paid and you paying the t say well this account's still saying i'm delinquent and this account is paid so how do we attack that so we're going to get deep and we're going to get into the fair credit reporting act because it's important that you understand this so when you put your dispute letter together you put an effective dispute letter together don't just dispute this is an inaccurate account don't just do that you you need to be specific the reason why if it's so important and they're not correcting your credit score and you just say i'm just tired of them not fixing my stuff and you want to get to a consumer lawyer right those dispute letters need to be correct because the credit bureaus are going to say where i i it was really i didn't know what they really was trying to dispute right so based on these letters that we have we didn't know what they were actually trying to dispute so we disputed this and this is what we came back with right so you want to be you want to be exact on what you're trying to dispute and i'm going to give you some examples and they're gonna be up i'm gonna type them up into this up here so you can see them so part of the video take notes all that other type of stuff we're gonna cover we're gonna cover uh the original creditor and we're gonna cover the collection uh the credit bureaus okay so the first thing you you you identified this account that's delinquent you also uh looked at the account it's like okay this account i paid this account off it's still showing delinquent i need to get this account back to current status and remove that late which which will remove that indicator showing its delinquent right so the first thing you need to do is you need to you need to identify who the original creditor is and then the collection uh company that is reporting it if there's only one sometime i have one that's doing the wrong other ones are right sometimes you have all three doing it wrong so identify what credible is reporting it wrong so section 607 uh which is compliant procedures in 1681 e is one of the regulations that affects the credit bureaus right and section 611 to procedure in case of dispute accuracy which is 1681 i so what i do for my dispute i'm gonna give you you're gonna have the the creditor's name and the account number and then this is what you're gonna put in your dispute letter you're gonna say please investigate this inaccurate payment status showing i am delinquent i am not delinquent under section 607 compliant procedure 1681 e and section 6 11 1681 i for investigation please update this account to current all right i'ma read that again you're going to dispute it's going to be the original creditor name the account number you're going to say please investigate this inaccurate payment status showing i am delinquent i am not delinquent under section 607 compliance procedure 1681 e and section 611 1681 i for investigation please update this account to current so you understand you told them what the issue was what section is showing the issue you told them what regulation covers this what you should be doing at the credit report and and you told them what needs to be done update this to current so it's very simple when you do that you should screen your accounts look at the summary the first thing i do is always look at the summary of my credit report that's why i like identity iq it gives you a summary and then i look and i say delinquencies okay let me look at all these accounts all these cows actually delinquent or they just never updated them to current and a lot of times i have clients that have four delinquencies and three of them have been paid and they shouldn't even be showing delinquents sometimes i have all four or five that are showing delinquent they are paid they're not delinquent which is driving they scored down right so i'm gonna send in a letter to the credit bros i'm not finished yet now i'm going after the original creditor because it's their responsibility to report accurate information so for the original creditor you're going to go under section 623 which is responsibility of furniture of information to consumer reporting agency 1681 s is in sam two this is what you're gonna write to them you're gonna write to them uh and this is why i like identity iq is because it's gonna have their address everything up in there so i'm gonna write to them and i'm gonna put you know my name address the account number and then i'm gonna put in subject uh inaccurately inaccurately putting an inaccurately reporting excuse me an inaccurate account on my credit report for transunion equifax or whatever credit reporting agencies that you're doing right and then that letter i'm gonna write say you are reporting this account as a delinquent account late 60 days uh on my experian transunion equifax credit report under section 623 1681 s dash 2 it is your legal responsibility to report accurate information on my credit report please notify equifax transunion or experian that this count is not a delinquent account i have i have also attached and circled the areas that are showing that you are reporting this count delinquent i am keeping accurate records of this our communication that shows that i am communicating with you that this account is being reported inaccurately that's what i put so now if i need to go after the original creditor i have proof that i've reached out to them i told them what the issue was i even sent copies of how it's reported on my credit report and i've gave them the regulations that show it is your responsibility now if i need to get a consumer lawyer because you failed to report this information now i can go after you for negligence because you are damaging my credit report so those are the two areas that you should go after when you're looking at remember delinquent accounts that have already been paid or that are no longer delinquent you caught them up and they're still reporting it delinquent all right so that is that's what you please review your credit reports a lot of people miss over that they just look at the balance i don't know it no more and they're not looking at all the different check out your summary check out your summary on on just a breakdown of what's reported on your credit report because that same delinquent account that is showing delinquent will also show up derogatory and sometime when you remove that delinquency you will remove the derogatory remark remember every negative remark is going to affect your credit score right it's going to affect your credit score so you want to make sure you update that information so you know again if you have any questions on that uh you know email me send me a message i am more than happy to help you i am i am dedicated to help people i know what it what i've lived this life been there done that and we need to pass on this positive information to help people out people are struggling out there people are trying to pay their bills we need to improve our financial health and it always starts you know with our credit so uh just understand that it's definitely very important to do that so now we're gonna talk into an area of removing collection accounts right so we're going to talk about a strategy that i use that a lot of people in my industry are not aware of have not used it uh i passed this information on i'm in credit repair facebook groups i kind of help people out that struggle with this uh so we're going to talk about this we're going to talk about what i call restrictive endorsement letters you can google it if you want to right and then i'm going to go over what i do again i have a master dispute package that has all this information in there if you're interested in it please reach out to me i will get this information over to you so i'm gonna pull up one of my restrictive endorsement letters excuse me and i'm gonna go over this and why and when you should use this letter we're gonna definitely uh let me go and see what's going on while my stuff ain't popping up like it needs to alright so we're gonna uh go over this so now you have disputed this account this collection account no matter if it's a um you know a medical debt uh it's a cell phone bill credit card bill whatever but it's now with the collection company and you just you disputed it two or three times the credit bureaus are not getting you sent in the validation they just sent you a copy of a bill they're daring you to do what you need to do now this is what i explained to my clients right i said listen depending on the amount of the collection right you have some people to say just dispute it off listen it all sounds easy it all sounds easy and we all heard of that but if you really understand credit repair it is not that easy because those people are in to get paid they are in to get paid and they just ain't gonna be dropping stuff off your credit report cause you disputed they not just gonna drop it off even though they know they don't have a legal right to excuse me they they still not because they got it they got people they got to pay to work for them and they trying to get paid so in some cases the credit bureaus will get it off because they don't reply to it right but a lot of times they're going to reply and say yes it's accurate they're just going to test acne you're going to get that yes reported accurate right you've done it a couple of times it's just not working but you need to get this off you want to buy a house you want to buy a car uh you want to get a better loan you got a loan it's a high interest rate you want to get a better loan because you're tired of paying so much interest rate right so you want to get this off and you're tired of it reporting right and you're not gonna play with it no more listen let's just go ahead and get this stuff off my credit report so now i use what they call a restrictive endorsement letter what is a restrictive endorsement letter it is a contract between me and the collection agency right it is a written contract right and you're gonna use a personal check and so you're gonna have the letter and a personal check now if you want more information on it reach out to e and what you're gonna do is that check is part of the binding contract that you're gonna do to get that collection removed off right so that's what you're going to do now i'm giving y'all nuggets on this because this stuff right here i don't really like passing it out because it's so powerful you know what i mean but as a collection i have a business or as a collection agency you know i pass this out but i'm gonna i'm gonna help you out but you need to understand this needs to be done correctly you cannot slip a step because you're gonna slip up and mess up and you're not gonna get the the results you're gonna know paying the money and still not getting it taken off so you have to be detailed so what i do is i know that they are greedy i know that they are all about getting paid and when they see that check they don't care what i wrote on the back of that check they're going to endorse that check and they're going to cash it right and that's the key when they cash that check they have agreed to your terms and conditions i've had people say oh that don't work that's not work yes it's no different and if you're with your neighbor and you buy something from your neighbor and you wrote down the terms and agreement and they followed that terms and agreement and pay you have a legal binding contract think about that so even if they say nope nope nope we didn't yes it's a legal binding contract now if i need to get a consumer lawyer and go to court i'mma go to court but i'm gonna ask for arbitration remember arbitration is a powerful tool why because the credit brews are gonna have to pay for the arbitration not you and they are not cheap it's all about strategies it's all about that's why i say i'm successful in what i do because i look for different strategies i talk to consumer lawyers if it's on youtube and there's a deal with debt collection and i send them in i give them a copy what i do i say with this work and it did it give me yes it will work if you have to guess because you just created a binding contract so what i do so my letters are say you know along this line this is a good faith attempt to settle a debt and remove from all credit reporting agencies i my name the last four of my social is an attempt to settle this debt and good faith attempt i am submitting a check for such and such amount to the collection company name and a good faith letter to settle this debt and remove this debt from trans junior equifax experian credit report by the collection come the endorsing and depositing this check for deposit only uh collection a company name agrees to settle this debt with the account number which is reporting on my transunion at experian equifax and transunion by the collection company name endorsing this check for deposit only the collection company name agrees to settle this debt and remove this debt from transunion experian equifax reports you know what's so powerful you're gonna write that statement on the back of the check now i'm giving y'all nuggets today give me your nugget that's why you should be following me that's why you should be subscribing to my channel because i'm giving you real nuggets to get your stuff fixed some people don't want to go through the process of sitting in the dispute later that's 30 days then they don't come back you send another dispute letter they don't come back and then you send in a letter to the you waste 90 days 120 days trying to you fighting to get this stuff off and this don't come off this can get done in less than 30 days if you get it out do what you got to do they deposit it because when you see that check hit your bank account you're gonna get a copy of it you're gonna go to your bank get a copy of the front you're gonna get a copy of the back before you mail it out you're gonna mail out the letter that you have i have this letter it's more information that you need to be putting on there so if you're interested come talk to me you're gonna take a picture of the check with this letter the letter you send you're gonna turn the back over take a picture of it you're gonna send it certified mail you're gonna show your green receipt where you send it certified mail you're gonna take a picture you're gonna have that for your records when they cast a check you're gonna go to the bank you're gonna get a copy of that check front and back you're gonna get a copy front and back and then you're going to turn around when they don't i have a follow-up letter i have a follow that's why you want to get with this package you get you get the first letter a follow-up letter you get the instructions you get all of that plus a ton of other stuff but if you just want that i sell just that package right there right and then you got a follow-up letter letting them know that you agreed to a legal binding contract between me and you you cast a check that had all the terms and agreements on the back of that check now you please remove this from my credit report if you don't then i have to seek out further info contact i always say i'm going to seek out and contact a consumer lawyer take my paperwork to them this shows all the steps i did what you agreed to my checks all of that and then i'm a request that we can get arbitration to settle this and them collection come to be like it ain't even worth it it ain't worth going to court for that little extra money they didn't pay us right so let's just go ahead take it off and be done with it and move on now what i tell people now we're gonna get into the amounts listen a consumer lawyer because i'm i'm not walking into a courtroom trying to act like i know everything and make one slip up and losing my court case i'm just gonna pay the money i'm gonna pay people that professionally know what they're doing that have a good track record to beat that's what i'm do if you have a question and you need somebody i definitely you know can try to refer you to somebody who probably could refer you to somebody and go to that route but i always tell my clients a consumer lawyer is going to cost you when it comes to a case between twelve hundred and eighteen hundred dollars right somewhere along that line you depending on where you live could you probably find somebody cheaper uh but along that line now if a collection account is 500 does it make sense to get paid 1200 to get a 500 don't make sense you're losing money right so this is what make this strategy so important because now you can be your own consumer lawyer create a contract between you and see if they take it now you may have a collection company say your account is 500 and you send them a check for 200 because it also say in the letter if the collection company will not accept the terms and agreement by endorsing this check and depositing this check for deposit only please return the check to the above address if the terms and agreement has not been has been accepted please send a receipt uh and a letter stating all terms and agreements have been accepted and then there's there's what they call a a pay endorsement requirement on this letter too so i'm saying other information on this letter so you don't want to slip on it right so you're going to say that so if they don't send a check back and they cast you could say i also stated if you're not going to accept it send the check back you didn't even do that you didn't even follow the instructions did you read the letter now you going up and like just i'm just saying just what i would think if i go up and show this to a judge judge this is everything i've done to make sure it's a clear understanding they they had the information they just was negligent and didn't read over what i was asking for so why should i you're gonna it's it's no doubt in my mind that you would win right so but you have to follow those steps but back to the money if it's 500 doesn't make does it make sense to pay that amount of money five hundred dollars or twelve hundred dollars or fifteen to get a five hundred dollar or eight hundred so no so that five hundred dollars i'm only gonna send them fifty percent i'll always start off with fifty percent unless it is less than two hundred dollars if it's less than two hundred dollars i'll just send in a whole 100 i don't want to play with them over a small amount of money i'm just going to go ahead and pay them and get it off my credit report because every month it shows that you can't increase your credit score you're losing money anyway you're losing money anyway you got bad car loans bad personal loans you're losing money anyway the faster you get out there the faster you can get that score up the faster you can get out than bad debts bad loans and put more money in your pocket time is money always remember that time is money so if you don't think that that's where we our thought process is what hurt us we think we got time we don't have time the older you get the less time you got to reach your financial goals so you ain't got time to be playing with these jokers get it off improve your score get out of bad loans bad car loans and then turn around and improve and start investing in yourself i'm telling you i'm preaching the gospel right now so so at that point now if it's over 18 or over 1500 me i'm not paying you that type of money now you could still use the restrictive endorsement and say well it's 1500 i'mma send them 750 that's half of it right i'ma try that first but if you got those high and you like i don't want to pay them jokers they don't have to prove to me then yes i'ma tell i tell my clients take them to court but if you don't want to deal with that let's do this restrictive endorsement letter let's make a settlement let's get this stuff off your credit report right so i'm telling you it works i'm telling you it worked do it all the time with my clients right so these are the two strategies that i want to talk about today again if you uh want this information i do have a master dispute package right it's only fifty dollars and that tons of information look in the description email me right because i want to explain this package to you in an email or we could have a phone consultation going over everything about this package because i want you to be confident in what you buy i've never had anybody complain every person 100 percent of time that i've sent this out has not complained about this package right i get people like wow it's a lot of information in here yes because i am anybody knows me i am detailed and i will dig you know i did 20 years in the military i am i dig i dig i dig because i'm just trained to do that any stone unturned is a stone that could trip you and you fall and bust your head right so i'm all about getting that done so but if you're interested hit the description email me let's talk about if you just want this package that's all you want because you got a couple collection accounts you just want to get off you know that's the only thing really hurting this package small amount doesn't even cost much to get these letters and then you can go to work comes with instructions come with the uh the the first restrictive endorsement letter if they act the fool and act like they don't good you got the follow-up to get on them and let them know i don't think you want me to take it to the next level basically and then get this stuff out get this negative stuff off your credit report all right get this stuff off let's rock let's get them 700 credit scores let's go out and get these good loans let's open up business let's go ahead and start using our credit to leverage our credit to put more money in our pocket shoot i get excited about all this stuff because i lift it every day and i'm happy about the start one this weather started changing now i'm gonna change my video i'm gonna start probably doing these out in the backyard with the pool and all that stuff and just start showing a little better scenery than up in here in this office in here so but anyway i appreciate y'all please subscribe to the channel please hit the bell for notification please leave a message i'm telling you i am leaving y'all some good information don't slip on it don't let nobody tell you it don't work because i'm proving testimony and i'm passing this on to you right so i appreciate y'all thank you very much i'll be coming back today i got some investment videos to get out to y'all i know it's been a lot of red days people complaining i've lost money but you know what i know how the stock mark gonna work it's gonna flip and i'm going i'm just building out those positions so i can blow that up blow that up so then i know i said uh the end of march i am gonna be going over my whole portfolio showing you what my gains are showing you what i'm investing in what we're doing all of that i did a video yesterday just on the state of the stock market what you should be doing think about it check that video out but hey i'm here so this is larry with invest and build your credit and wealth i appreciate y'all i appreciate y'all thank you very much for hanging and rocking with me uh but anyway i'm out here to help y'all so hey y'all have a blessed day and uh i'll be back in a minute with some investment tips thank you [Music] you