Sign Banking Word New Jersey Later

Industry sign banking new jersey word later

doing well i wanted to do uh this live if you don't know i have a credit group and i am doing a credit kickoff i always do one this time of year a type of just to give information for those that want who may have credit issues or just simply want to improve their credit score their credit situation if you're new to my channel please consider subscribing to the channel also if you can when you come in make sure you give a thumbs up it helps the algorithm and helps uh to send out notifications that i am life so if you can please take the time to do that it doesn't cost you to do that i don't believe they're charging you it's just a simple motion if you're here thank you so much larry for joining me i appreciate everyone that's coming in the room and if you can just let me know where you're watching uh from and um just put in the comments let me know what region even if you're in a different location nation and if the information is helpful to you please be kind enough to do that thank you steve that's coming from philly thank you for coming in from texas texas is in the house so and also chicago hi uh milwaukee one thank you for joining me you always coming in so i appreciate that i won't take much of your time and i know you're here to find out how can you deal with late payments on your credit report and how can you remove them now one of the biggest thing to and of course it's just common sense is prevention is to prevent yourself from getting a late payment you should always if you right now have a credit card set up find out many a times they have where you can uh just automatically pay uh make the minimum payment at any time on your credit report so make sure um you uh do that make sure that um you have a minimum payment amount on all your credit cards so that's one way also consider i have a little note on on my payment dates all my credit cards and i make sure that i pay them in cycles so that's helpful even with your credit utilization and that will prevent you even if you want to set an alarm an app in your credit um on alarm or app in your phone alert make sure you're paying that because just by paying these payments uh before the due date it also helps you to bring your balances down so um when your credit report update for that month you're always helping your utilization so you're not maxing out that card but the quickest way if you want to remove uh a late payment is to deal directly with the company so um many times what you can do is call the company speak to the customer service rep but you always need to talk to a supervisor a lot of those customer service reps do not have the authority to overturn that late payment so you want to keep that in mind it's very important for you to talk to a supervisor now another part of that you want to be aware to not sign up for online statements and this is why and um you don't hear many people in the credit industry talk about this or maybe they don't simply know about it there is the fair billing act it was created in 1975 the reason why these companies want you to sign up is because under that act they are required to send you your billing statement 21 days before that bill is due okay okay so keep that in mind 21 days before that bill is due so if you don't have online statements when you call up you can always challenge that you can always say hey i didn't get my bill and the fair credit bill uh the fair billing act requires you guys especially with credit card companies that requires you guys to send me the bill 21 days in advance so you can pay that on time so you want to be aware for signing up exclusively for online billing okay that is part of um that's part of their avenue why they want to do that okay so you can keep that in mind and you can leverage that the next part if they don't remove it is to send out a goodwill letter so if you guys can do me a favor and just make sure you thumbs up for me um the algorithm it'll help get the notifications out the next part you can send a goodwill letter now i tell anybody if you're sending out a goodwill letter you want to make sure you watch what language you're using i personally um went and take all of the blame um or just make sure that you keep in mind on how you're paying uh your bill it could be possibly that you paid your bill online and there's many times so in your goodwill letter they didn't accredit that payment properly so you can put that information in it a lot of times you might make a payment and it'll say on the site there's a certain window of time in order for you to make that payment for it to register but there's times when they don't uh actually put that payment in the proper time frame and um update it on the account and you can still get a late payment so even you can use that when you're talking to a customer service supervisor as uh at at least a reason why that payment particular payment was not made on time and you can leverage using a goodwill letter so you want to always uh watch at any time what you are meant to okay because that gives you a doorway to always pivot either on your dispute or in your approach to try to remove these late payments okay another part i want to include you got the goodwill letter you use that maybe that wasn't um it didn't work for you you spoke to the customer service rep and you tried to deal with the company directly but they are not removing the late payment or payments you got to keep in mind uh when it comes down to multiple late payments they're really not incentivized to remove that if you are a person that is a good customer and you constantly and you have one late payment generally they may work with you on that but if you have multiple late payments on an account then you may try to dispute that with the credit bureaus so um another let me give you another suggestion especially if you only had one uh late payment that's 30 days late you can also use signing up for as i mentioned at the beginning signing up for automatic payments as a bargaining two for having them to overturn especially if you only have one 30-day late payment so you can ask them if they overturn that late payment you'll sign up today or you know whatever their process is to sign up for automatic uh minimum payments to come out for that account so you can use that as a sweetener or a sign where you were uh really uh you're really uh you're you're really sorry about making the payment late so you want to always try to attack these things with reason and you can include that in your goodwill letter also so that if that is your situation you can't include that in your goodwill letter if you uh need goodwill letters also we have them at our website in our um credit packages if you want to use that but if you have multiple late payments you might have to um really dispute with the credit bureaus now one thing i want to um include when we're going to directly with the credit bureaus you have to keep this in mind if you have um issues with your credit and you have multiple issues with your credit let's say charge offs let's say collections um what else can be on there a repossession bankruptcy say you have multiple issues or one of these other issues that i named that's priority i always advise people late payments for you should be the lowest thing on the total pump or on the totem pole and here's why the um system the fico score system the longer a late payment scent sit the less it takes effects on your credit score so you have to keep that in mind late payments that are six months old start to be a year old two years old anything over 24 months many lenders even if you're going for um business credit they really don't take those prior late payments in account they really don't so the good thing about late payments if you are late on an account your best avenue is to bring that open not closed accounts i'm not talking about charge offs i'm not talking about collections we're seeing an open account that have not been closed your best avenue is to bring that current as soon as possible the way that the fico score system works that any updated new negative item it really affects your credit score so any item even a new collection the longer it sits the less and less each month that it really affects your credit score and that is late payments also so if you have a late payment a lot of times it really shocks people and it hits them hard because their score drops initially um it really drops but if you give it 90 days you will begin to see your score um slowly go back up so think about that before you start chasing late payments that's over a year old uh two years old i mean you can go for it to remove it but keep in mind the system itself payments over two years old really don't even calculate that um in that that fashion and the way that the credit system especially on the personal side they understand that it is a person's life cycle and people in their life cycle majority of times are going to have a mispayment somewhere in their life okay also understand you know uh banks they need you the matrix needs you to make money so they cannot be that extremely harsh across the board so if you're a person with some late payments um within the last three months uh even possibly like six months to a year you may need to work with a lender that is maybe not as top echelon and keep in mind these requirements change along with the different bank requirements change also with the economy so if you're going for business credit generally anything over two years old they are um really they're really not taken into a account if you are personally guaranteeing that account but maybe uh things in that two-year window one year window they really will consider because that's one of the highest levels of uh obtaining credit is business credit if you are looking for a home most of the times lenders will work with you if you didn't have a late payment within a year they're they're willing to work with you so you want to keep in mind what goal you're really going for now when it comes to late payments that happened recently or older accounts the harder it is to dispute off unless you really have a legitimate fact to go along with that if it was really an error to go along with that your best way to challenge that is on a factual basis okay so if it was a situation it was a 30 day late it was supposed to come out of your bank account they didn't take it or you made a payment online and they actually hit your credit score and um and it's really uh it really wasn't your fault or if it was it was so close you want to try to dispute that account on the basis of what i told you with the uh fair uh fair billing act to claim that they did not give you that um bill within 21 days so you can dispute it on that claim another um way you need to look at it you want to look at all three credit um all three of your credit reports is uh um it's good if you have a system where it compares all three and monitoring system if not you go through it carefully and look at that account many times you will see with late payments uh transunion might have let's say that 30 days late for march but equifax might have 30 days late in april and you may even see um transunion have 30 days late in june this can happen often or vice versa either one of those being off you need to challenge it that it is inaccurate anything that is reporting inaccurate you have a right to remove if that item is reported incomplete information date of payment high balance you have a right to have it removed now they can't update that but you want to continue to find reasons to challenge that item also um with a a lot of times when it comes under the fair uh the fair billing act um and with the fair credit reporting act they uh that that company that you have an open relationship with is required to let you know any um before that negative action that is going uh on your credit history they are supposed to notify you of that so you can also use that that they didn't notify you of that and under the fair credit uh the fair billing act you have a right to also challenge any payments anything that was done in a 60-day window and they have to do the company itself a thorough investigation so you can use those avenues or those um disputing reasons to try to overturn that late payment then you really need to pay attention especially if you have late payments on accounts like student loan accounts student loans are notorious especially like nelnet the department of education sometimes they'll say uh nel net department of uh education and navient when you look at their reporting you'll see it might say a 120 120 days late in october but you will see on time for uh september august and july they are notorious i'm guarantee you if you got a late payment with your student loans that's just about what the reporting they will do they do not and it is impossible for you to jump to be 60 days late and then it's not noted that if it's 60 days late in august but then you have um july on time you know that is just impossible so they they will report like that uh uh consistently i don't know how they get away with it but they they are notorious for reporting in that manner so you want to look at that and then you want to challenge that because there's no way that that reporting can be that inaccurate um especially uh when you look at all three you can see with student loans their reporting is all over the place they might have 60 days late in august uh for experian equifax might have 60 days late in september and transunion might have 60 days late in october so that is not consistent that is inaccurate reporting you always keep in mind the source which will be the student loan company um your credit card company is giving this information so it's what i tell people when you're in high school you don't uh confront the person or the people that is telling a rumor about you you want to go to the source who created the story who started the story they're the source telling everyone else the false information so it's fruital to try to address sometimes those other parties the source is the problem so it's the same way with the credit bureaus with the credit bureaus they're just receiving the information they're receiving um the inaccuracy so what you can show i have three different reporting on three different bureaus this is uh it is just not accurate so if you have experian um and equifax showing something different you can maybe print out even if you want to screenshot that and use it as leverage to overturn that um one thing you want to know the one thing you want to pay attention to when you are disputing you want to find factually and inaccurate information factually and accurate or incomplete information on your credit report because something is true does not give them a right to report it if it's not 100 accurate and not 100 percent complete so there's many times you can see for one item on your credit report it could be missing information like date of activity date of last payment date of last payment data last activity especially date of last payment is important because it starts the seven year process on how long that negative item can stay there or the date a last activity you want to pay attention to that is there information there if it's not there then they're reporting something that's incomplete so you want to challenge it on that because your last avenue is to go to the consumer financial protection bureau so you want to have true factual disputes that actually make sense you want to catch them on violations if y'all can please give a thumbs up and it helps the algorithm but you want to locate inaccurate information the reason why you want to locate inaccurate information and you want to build a case because once you file that complaint online to the consumer financial protection bureau you want actual proof that they are violating because they violate often so you want to make sure you're catching them red-handed in the situation so what i always tell people i'm giving you fundamentals that you can look at but everything is not a hard uh a hard fact i'm giving you fundamentals and what i i mean by a hard uh fact or hard way that you have to challenge things you need to take in consideration on w at is your circumstance because everybody have different circumstances so let's say when you um are disputing a late payment but you're looking at the information and at the end of the day you only have one late payment on this account the rest of the payment history on that account let's say it has a long age to the account and it it a majority has great payment history on that account maybe for one late payment two late payments whatever it is and it could have been in the past sometimes it's best to leave it alone there is a strategy sometimes to do nothing if you have challenged it it is not killing you um it might be best to leave that account alone because it is helping with your age or credit you might just need to build around that late payment yeah that late payment is there but if it's back in 2015 it's really not affecting you now um if it's back even in 2018 possibly even 2019 it's really not affecting you now so you may keep the account and keep that one late payment because the majority of that account is positive payment history and as we say you don't want to throw the baby away with the bath bath water you need to stick to what is the fundamentals and how does it apply to your situation so if you know payment history uh on how you paid your bills on time is 35 and your person that really have trouble payment history and that one account got one late payment you might want to leave it alone you might want to challenge or you might actually need that if you have a lot of accounts you have not paid on time and it was uh way worse than that you may need to hold down uh hold on to that if you're a person that um is just new at getting credit and you're not in at the age of 30 40s you're younger you may need to leave that alone that late because if you even try to dispute to a certain extent there's many a times i have people in my group that have disputed a item hard they remove the whole account and that can jack up your whole uh credit profile so let's say if you and i it's a gentleman this actually happened to him he had uh he has a open credit card account and he disputed it um some uh some inaccuracies with that account and what happened is they totally removed the account office credit report and it was it's actually a open credit card account open credit card account so that negatively affected his credit score because it re removed a revolving line of credit that decreased and uh um inadvertently affected his utilization so if you have any account closed or removed revolving credit people have experienced that before your uh lines of credit reduced it would decrease your credit score so certain things um is it really worth or you need to weigh it out with your situation is it worth even attacking that if it's a one payment 30 day late late payment back in the day or um within like over a year is is it really worth attacking do you have other items that it might be more constructive to attack now on the flip side if you have an account that have a number of late payments and it's really uh affecting your overall profile then you might want to attack it with all your might you might need to push the envelope the where it needs to go because you might want to lose that whole account so you need to keep this stuff in mind you want to keep in mind always the fundamentals and apply it to your situation so the fundamentals is thirty five percent payment history thirty percent utilization which is sixty five percent of your credit score then age of credit is 15 10 is a mix of credit and then 10 new inquiries so if you are attacking an account that has long payment history only one late payment and it was over a year old and that comes off your age or credit will be affected it will affect the largest part of your credit score which is uh 35 payment history and the majority of that is payment history so you want to keep in mind the way the system work it takes an average of how much positive payment history there is so you might can balance that account out that account that 130 day late late payment it really is not affecting you like that and there's all other ways you can offset that by adding an authorized user to that to make up for for that one uh late payment or a number of late payments so like i said you want to know the fundamentals and you want to apply it to your situation you want to know any account like when i um i do consultations and help people attack credit items what's the best way to improve their credit score you always need to take account of your profile and what we do is go over your accounts because what happened with that account matter the type of account matter so if like i mentioned earlier the account with the student loan account that's a different account from a credit card account so with a credit card account you can apply what i said about the 21 days that they have to send you out your bill so that can be applied to someone with that situation but a person with the student loan you will apply what i told you about the late payments look at the reporting history they are notorious notorious for um just putting 90 days out the blue now if you had only 30 days you might not get that type of reporting so someone who only had a 30-day missed payment history for a student loan can may not can apply what i just said there um but if you have 60 days i guarantee you they did not put just about guarantee you or 90 days they didn't mark the other two months as being 30 days late that is what they have now if you got a student loan with a just a 30 day you may need to look across the board with those kinds of accounts on the reporting for transunion equifax and experian and like i said you always want to apply what works with your situation so hopefully that gives you enough information um to help you with late payments you want to judge it out like i said use these fundamentals to apply to your situation look at your accounts in real time take in account what really happened with that account keep that in mind what really took place with this account also when um covet i tell people call your company and ask um can you possibly have them to overturn it and you know see if they have programs and options due to the pandemic to either overturn that or if you really can't pay it try to put that account and deferment if you already know that you're struggling but one of the things i tell people late payments sometimes um you have so many other things that you can challenge or improve than to chase down a late payment now your best strategy with the late payment is if you have a number of late payments on an account say like three or four you want to go for the oldest late payment and not try to challenge everything in one setting so if you have an account with multiple late payments aim for the oldest because many a times that company don't have a record remember these companies don't keep uh or they really can't keep a far payment history and that kind of data usually in three years uh possibly five years they'll but mostly like three years they'll keep that billing information or it's put away and it's hard for them to get to so try to challenge the oldest account and you don't want to challenge all these payments for that account all at one time so if you can remove it go hard to plug at that one the oldest and which will be the weakest that's how that's how lions hunt they go for the young and the oldest you want to go for the older okay accounts the newer accounts they you generally have the information to back that up that will be your best avenue is to go to the company itself and try to get that payment over return so i'm gonna just check out if you guys have any questions i saw um a number of questions come in give me one second oh lord let me see uh oh give me one second you guys here we go okay let me start from the top if y'all have questions if not maybe i have addressed it thus far um give me one second uh a gentleman said i have a charge off that's been on my credit report since 714 recently released from prison and settled for a lesser amount the matter is settled but it's still reporting on my credit report how i get it off you'll have to dispute that off um it's just gonna it's gonna report unless you um actually made an agreement for it to for a charge off that for the payment that is paid as agreed it will remain on your account so your best bet is to uh try to dispute that account off okay so hopefully that answers that if you need more details on how to do that i made pre uh previous lives that was last week on how to deal with charge offs but that would be your avenue and it's always you need to look at the accounts how it's reporting across the board and look for anything inaccurate and try to attack it um please do do what amex is reporting a paid charge off account to the credit bureau i called amex and i was told that amex has stopped reporting i'm confused um a lot of times these companies are required i discussed that i believe last week about they do this information in batches they might not be actively reporting on these accounts like there's somebody that there's nobody that manually just adding each account every month usually they'll have that information and it's automated and they'll report it in batches now if it's a charge off account um is that account you uh need to review my information last week i did two videos on how to handle that if it's a charge off account um you need to um really look how that is reporting and also with the charge off account to see if the balance are is at zero so i suggest you go back to that uh tonight i'm talking about late payments so um that charge off information i went hard body last week you need to um just go to to the videos and i i i told a lot of information on how to handle charge offs so check that out um i don't want to mix content on right now i want to focus on late payments can you use covet 19 as a way to get late payments removed and i did mention that um yeah you can call your the company directly and see if they will try to remove it if not they might not okay so um you might have to take the avenues i mentioned to try to dispute it especially if it's fresh um you know uh if it's a credit card you know they didn't send me my bill and i i would say within that 21-day uh window as as required by the fair uh billing act and i would challenge it on that and then the next round if they don't remove it request method of verification how can they prove they sent you that bill within that 21 days so that's why i say you want to um try to sway it away from online billing because that's why they make you agree they tell you to click that you gotta agree so when you agree to that that's what you agree into that's their uh go around to comply with that um that law and that act that's in in in place and someone said i tried to take some payments off due to cover 19 capital one um will not do more than uh say say current and that that would be an avenue i just mentioned um to to try to dispute it off of um not receiving the bill within 21 days as required by the fair billing act question said how about late payments from nelmanet and as i mentioned with student loans you want to review the payment history they're notorious if it's 90 days 60 days would not um updating um 30 days before that they just slap it with 90 days and that's of course absolutely impossible to and why would they report it in that fashion it should only if anything be 30 days how did it get 90 days but the prior months was on time so that's an angle for you to dispute it um skillet 30 said my student loans are reporting like that 90 days in february 2020. so um i recently disputed and waiting for the response yes so let us uh know what is the follow-up to that response and like i said um demand if they come back would that still be in their method of verification because how can they verify that if it's 90 days there's no way that um it can be 90 days out the blue then it needs to say 30. i mean at bare minimum if it's gonna be late how can it just be on time on time and jump up to being 90 days so those kind of situations you keep disputing and if they don't remove it then you can file a um a complaint with the consumer financial protection bureau so always make sure you guys you're doing your disputes be a male because you need your responses in writing and also send your disputes certified mail at the same time because you want to build a case um explain who who we are disputing with these creditors are the big three like i said um it's always gonna be if you're gonna dispute an item it's gonna be with the big three if you're doing the disputing but if you are writing to your credit uh card company that's more or less a goodwill letter asking them to overturn that but if not you want to uh be you want to be careful someone said i hope uh bite and push for a forgiveness plan and yeah hopefully that um will take place i am i'm going to be talking about student loans and how to deal with those next week and somebody said uh anthony said one of the best and prettiest teachers i ever had thank you so much i appreciate the kind words and comments um somebody else said i just need more capital congratulations on me and more capital and this is what the information is for if you're a person that needs more capital we do post about different uh credit lines and um also we have a business channel so um depending on how you're set up um is a whole different strategy on how you're gonna get capital and what i tell people is um somebody made a comment in my group someone is um was getting lines of credit and they're up in the 700s and of course anytime you add any um new credit line if you're up above the 700 mark it will decrease um it will just start to decrease your credit score score because they start messing with the third biggest category which is age of credit but if you are trying to get credit to leverage and use as a source of financing or capital what's the big deal that's what i tell people is the if you're going to use it to make passive income or some kind of way to uh go into business where you are creating cash flow by all means go go for it don't get so obsessed about a few points coming off your credit score that's the way i see it if you're getting some of the most premium uh uh interest rates why not use it but don't use it to buy in my opinion a bunch of garbage you don't know what you because i counsel people all the time 15 25 000 worth of credit uh debt and they don't have any idea what they they even bought so if that if you're a person that uh you already know you just tend to spend a lot that might not be the best avenue for that person but always try to leverage your credit score on your goal and your situation there's nothing wrong with trying to use your credit to get loans uh capital there's all kinds of ways so we have personal loan information we upload here um and it's in a various type it's not going to always be subprime kind of credit there's not going to always be prime loans but there's going to be some prime loans i'll upload subprime because everybody is in a different stage in their credit journey so hopefully that's helpful um king nip said i have one charge off on my credit report transunion and uh uh experian and transunion the dates aren't matching they charged it off to last activity in uh 2020 but the last activity date was really well i will i would dispute that and um tell them that account is in violation that they're reaging that account so i would push that narrative so constantly um constantly push that that is a re-aged account and that's a violation and like i said you catch them on violations and then you can uh process uh a complaint so you want to catch them in things that's obvious i like uh personally you can if you have those things um reporting on another credit report add it in your dispute okay just send them copies in your dispute there are many times they'll say well we're a whole different company and we're uh interpret things different than them but yet and still is one source so if i take it to the oversight which is you your oversight consumer financial uh a consumer fine consumer financial protection bureau they will see it a different way so make sure you just building the case someone said i have a collection which is over sol the collection is being represented by a law company this debt is supposed to fall off next month experian should i ignore this agency um yeah it could be their last ditch effort if it's supposed to fall off but i always i will send a debt validation letter just in case i would not talk to them over the phone because what they can do um trying to bait you on um make a negotiation or say something so they can actually try to sue you uh activate the um statute of limitations on both sides maybe even in your state with which if you say something um to activate a lawsuit and activate where they can report that just by making an agreement with them for a later date and time i mean for a longer period of time and they use that as leverage to make you pay so hopefully um i have a late payment on my car but plan to pay it off within six months should i dispute the late payments prior to paying it off yeah you can dispute the late payment um now if you like so um if it's one late payment i would first try to talk to them especially if you had good history going directly to the company so um i if i was you i would try to call them first and from that point if they don't give me uh an answer if they don't overturn it then i would go and dispute but it's it's if they can overturn it it can be done within 30 days and you can remove that late payment so that would be the best option how do i remove two bankruptcies off my credit report when i did the other one was dismissed and closed but it is still reporting on my credit report um i'm gonna do a video on bankruptcy that's that's very detailed on how to get with that process so i'll do one probably after i do the student loans um because bankruptcies are very complex on how you need to challenge your bankruptcy but just off top you want to look at what your bankruptcy house is reporting across all three and it's very important before you challenge that base bankruptcy you want to try to freeze um uh the data providers and there's a couple that you need to try to freeze and then you want to um look at what court that they're reporting on because you'll see consistently from different bureaus you want to look at the um fallon date they usually have the fallon date all right but what they don't a lot of times have complete is the reference number and the court they courts be all over the place so you might live let's say i'm from new jersey and i actually filed for bankruptcy in north new jersey they might have trained and so that is not accurate and that is incomplete i didn't follow that and they they're picking that information up mostly from lexus nexus and uh what's reporting on the peso system but there's different ways you can attack that and i'll talk about that down the road um probably in the next two saturdays on how to really deal with a bankruptcy because what people don't know they'll foul and then remove it out i see people like with three big mobsies you know that they didn't fully go in through because they were trying to um delay or some people don't think that's going to show up on your credit report but anytime you even found an action for bankruptcy you'll mess around and have i've seen people with four or five of them reporting back to back so just be careful um anybody who haven't went through that process or think about doing that no if you finally check the 13 that's five years but if you foul that chapter seven that's gonna sit on you for seven years so is it really worth that debt to file for bankruptcy so a lot of people just do it half hazardly if you ask me and they're not trying to retain property or other things some people just tell them oh you can clear up your credit with bankruptcy but you can clear up your credit by doing other things and not have that to sit for the next 10 years and then with bankruptcy you uh unless when that's on there for uh if you ever want to get business credit it is a real hard way to go okay so uh i'll be talking about that in the next two weeks i wanted to know can another company buy your account from another company and when you contact the company he put on put the charge off on your credit they said they didn't sell my account so i don't know um go back to my video um prior last week um it sounds like because this is not information you're saying it was a charge off but they sold it i guess it might have turned to a collection so uh collection companies work in two parts there's some collection companies that actually contract for that um that original creditor that's showing the charge off and if they collect on that they get a percentage of that so they could have a contract and really be working with them but there's cases that they sold it and it turns to a collection if you want to know if it's so read the collection itself it should say if it's a zero balance at the bottom sold or transferred and then usually that's how you know that is sold but if it says sold or transferred it should be zeroed out for the balance if it is reporting a collection as a balance uh a collection at the bottom with a balance and that uh charge off with a balance that's a violation so go back and see uh my last week two i did two videos uh back to back on that and uh get that information where i break down down what about late payments on a paid in full account you can dispute that the same way and those many times are easier so you just apply some of the information i recently i i just mentioned earlier and attack that if it's a closed account you can dispute that and a lot of times that's probably your easiest avenue because it's no longer an active account and many times they tuck away that that uh payment history i have two collections coming after me um for the same debt from 2016 i was thinking about to set up a payment plan with one then i received a letter from another one yeah you want to send a debt validation letter that's why it doesn't pay for you to ever pay a collection company see some of my videos i made why basically uh collection companies are borderline illegal and if they're selling it it's very hard for them to even prove they got a legal right to collect on the debt so i talked about that all the time your first due diligence is the senate debt validation letter i have them at my website if you need them but the reason why you want to send a debt validation letter you have to they have to show they have a legal right to collect on the debt so if you did not sign a contract letting the original creditor um giving them permission at the binding of that contract to sell it then where is their legal right to collect now many times you guys have uh repossessions and that turned to a charge off and now is the collection there's paperwork connected to that but you actually anytime you sign that mortgages you're giving them a legal right to most of the time sell that uh uh to sell that account but they still have to produce that you know so you make them produce your signature and i always tell you do not sign any letters going to a collection company if you don't know now you know because they will take your signature and they can take that signature in it superimpose it on another contract so you never give them your john hancock you just let them figure out uh where do you owe a debt and i have done it myself i told people this is not legal advice but this is for educational purposes only when they don't produce it i've had personally so uh sued them their employees and got money because if you putting that on my credit report and you can't prove i owe you a debt let me show you how you lied on me because obviously from what you're saying where's the chain of cell and i have that in my letters i can't walk out of walmart right now without me being stopped at the door for my receipt if they so-called purchase this account where's the receipt where is it where's the proof you bought it and furthermore if it's constantly changing hands many times when that debt is sold from the original creditor they don't want anything else to do with it and they sold it to the first collection agency all they're selling is paper that's all they're selling they don't they're not even they're just buying a screenshot that's all they're buying so they don't have contracts many times connected to that so you're always better off by sending debt validation letter and that one that's second and third in line they barely have any evidence at all so um if you don't know they employ a strategy and they've been getting hit up a lot called debt parking if y'all don't know about that with collection they purposely will park a collection on you to make you pay and you don't owe anybody anything they'll take people names and they'll steal it from other collection companies put it on your credit your information because this borderline identity theft if you ain't never did business with them you ain't never got a service that's why i never advocate people call me oh i saw your video or when you said to do a pay for deletion for collection i never said that let me tell you how you lying on me because i ain't never you ain't never caught me in the whole video to tell you to ever pay a collection company i i i never said that no pay for deletion or nothing for no collection company i might maybe i said if i guess if you trying to close on a home you might have to do what you got to do but with that i ain't even doing no pay for no deletion i said a satisfactory and accordance agreement and check my video on that that's a whole nother process to set them up to suit him so that's that's a whole nother thing i'm setting you up to sue you by sending you uh um an endorsed uh a restrictive check endorsement and get you on a low and then come back and sue you so um i'm always war tactic i either you gonna get down a b down that's what i that's that's my thing but one thing i don't deal with is credit terrorists and that's collection companies i don't care if it's an attorney or what it is i ain't doing it so if you follow my information you go listening to my thing you'll understand why i don't do it and you don't understand why you ain't got to do it unless you want to do it because i i personally have a disdain for that the whole industry on that no one thing would you if you ever know about a lot of this stuff nobody mortgage companies banks none of them play by the rules none of them because playing by the rules playing by what they call um what they call uh uh uh compliance uh more compliance more restrictions on business it's costly for them so they always take shortcuts okay that's the bureaus take shortcuts when you send that dispute they got machines they they're paying somebody overseas because it's expensive to follow the rules so once you know ain't nobody following the rules where do i find a weak spot to attack you because i already know you're not on board so most of the time it's a whole principle in life you got to set up leverage if i know that cop is dirty and he ain't following the rules but you trying to arrest me i'm gonna find out what he doing wrong and we're gonna expose everybody and usually when you meet that in the middle and they know they're about to be exposed then they just gonna bow out because i understand what the lion understand in the jungle when it comes down to the elephant he understand i'm not going to attack that elephant yeah that elephant is a big male um that elephant got a baby right there but the lion being the king of the jungle understand there is easier prey okay and i live by that rule there's easier prey than sherry it really is easier pray because i ain't gonna be like the gazelle i ain't gonna run with the group i'm gonna be just like that elephant i'm gonna be just like that giraffe you see when you watching them lions you'll see that elephant go with his baby to the watering hole because that elephant no with that lion no it's easy to pray so if you start to learn those war tactics there's easier pray don't just make yourself easier pray always learn how to fight anything i have fought so many battles god knows i have four irs i'm for a mortgage company ain't nobody ever on board there are and all these systems if you understand it's the matrix they feed off you but you just can't lay there and participate with the system so all of this stuff you can find a way out but you got to make sure you're building leverage so it goes with late payments you got to call all these people on the carpet and you want to be accurate but what you calling them call their hand there's oversight for them and at the end of the day even with late payments if it's not right everybody can be sued everybody can be sued you just got to make sure you ain't making yourself easier pray and you keeping it on board you calling out that's that's what the disputing process is you're leveraging the fair credit reporting act that's the actual law but a lot of times what people don't understand about the credit gain you should be getting factual information where you calling them out yo you're not playing by the rules and your avenue like i said in basketball i played basketball listen a foul is not a foul unless the ref call it you gotta make sure if somebody down there i was a center somebody throwing me elbows when the rest ain't seen you gotta call attention to it or you gonna keep getting them bows in your uh rib okay and you're gonna keep being hurt you gotta learn how to cause attention to the rest who's the oversight in all of this cause attention if not these are laws and where do laws get judged on in the judicial system so you gotta learn how to leverage that okay you gotta learn how to build the case and when you build a case i'm gonna take you to court and it's not hard it's really not hard and i tell y'all all the time learn how to leverage your local uh uh your local small claims court you can play that game all day you can sue people all day because whatever state remember like i said these big companies it come down to compliance every state got a different set of rules and if you are just a regular consumer and they're set up there in your state they gotta follow by your state rules so you just find y'all not following the rules so all this information i get give y'all is for educational purposes only and it's not constituted as legal advice but all i'm telling you is different rules that you need to go to fair fair billing at and find out where they're not following the rules that's all and then you call them they're not following the rules that's what they do in the nba when people flail and stuff you just trying to cause attention to where somebody is not following the rules learn how to fall out learn how to flail learn how to uh uh cause attention to where they're not following the rules or you getting the ref to call it okay so that that's just the whole strategy okay this is why i said i'm a credit coach it's about strategy um somebody alex says help how do i remove late payments from nail net i um rewind is back i went into that in detail so check that out um can i pay you to do the reagent thing you you anybody that need my help you can just go down into any of my video descriptions and go to my website and i even have uh if you need a booking for a consultant the link is there you're gonna be connected to my calendar be careful of the comments i dropped the video somebody was scamming with my picture make sure you go to my website okay it's how to boost your credit dot com so just go to my website okay and you can um definitely even my number and information is there uh experian won't remove a closed account that's reporting open uh rich porter how is the account reporting what type of account is reporting um is it really hurting you so i have seen this a lot of times um if it's a revolving credit account credit card account and it's at zero no balance it's not a charge off um anytime you close an account unless it's an installment account or something that's showing you more debt um you know i sometimes it might be working to your own benefit like that's why i say yeah i have to really apply things to your situation like just be detailed so it might look like sometimes i'm being petty but it's what type of account there are all different types of accounts so if it's a credit card revolving credit account and it's showing that you actually got more line of credit open revolving credit you might need to leave it alone you need that so sometimes it's a i'm gonna make a vid it's a strategy sometimes doing nothing i have told people i go through the account and they merge their credit file and they got good payment history rocking and that person majority of time might have bad payment history oh that ain't mine maybe you need to leave that alone because that could be helping you might be way worse without that so anytime any account get closed if you don't know if it's open i don't care if it's an installment loan you see your credit score decrease initially especially like with installment loans because it reduces your age or credit and that's 15 of your credit score so anytime you pay like people are surprised when they pay off a car and they like why my credit did it shortens and it reduces your age or credit so apply the fundamentals to your situation is that helpful relate payment still report on my credit uh for closed account yes it will yes it absolutely do false advice experience won't close verified uh account somebody has squash on your face or something so poop scoop i see we have a troll um uh if you're trolling you can get out of here and you shall be blocked because that don't even make any sense they won't close a verified account where is that sir i mean since you got the time to uh troll while they a verified account they won't close that just sounds like a oxymoron so why wouldn't they close a verified account when people get things deleted all day so what are you talking about i really don't even understand what you're saying and nobody said that they won't close a verified account what the heck is you even talking about but that's nonsense hello for california good evening california what about uh having a car and it broke down and the company says it's not worth to fix and the balance is seven thousand dollars what do what would what to do um you need to i don't know if you can trade that car in you know i don't i don't know um renee uh well you're saying it is is broken down um and it's not worth fixing i you know that that you would have to balance out um it could be a catch-22 uh probably i don't know if you can trade the cart vehicle in possibly but if you give that vehicle back it will be a repossession okay and any car that you purchase if people don't know cars are depreciating items so i don't care if it's a brand new car as soon as you drive it off the lot is always going to depreciate then from the value so um you may need to fix the vehicle and just keep it rocking because that's what it is that's that's what happens with cars so if you don't know even when you lease a car if you go over the mileage most of the time when you're leasing a car you got to pay the depreciation on the car so uh cars are just depreciating items so that's not unusual that a car is worth less than what you owe on it so hopefully that that helped thank you miss william thank you i appreciate your support everyone um they dropped my credit when i called to try to do it asking me quick uh tricky questions jback who who dropped your credit score let me please let me know oh your credit line maybe that's what you said they dropped my credit when i called in trying to okay give me give me a um give me a little more deep detail and you said um transunion and equifax remove my repossession but experience won't any idea like i said they all are separate but like i s um like i said uh prior to any item try to find anything that is incomplete on that and i would take pictures of the other scores and send that in and i would look for anything that's in inaccurate one of the quickest way um i will or try to attack that is look at if they re-aged it okay look at the date of last payment and data our last activity another caveat i gave y'all the other day if you've been disputing an item and even late payments always look at to see if they updated their account with the no notice of dispute because many times they might not so uh look at that and if they don't update that if you have did a couple of rounds of disputes and they haven't updated it as notice of dispute you can challenge that to be removed because that's a violation of the fair credit reporting game so keep that in mind and look at that hello i'm new but very interested in the topic thank you for joining me what about student loan late payments that are closed out with fed loan that were consolidated see the information i talked about with nail net um see a look at the reporting okay thank you so much thank you so much rosin side for the super chat how can i uh contact your services offline for any advice just uh look into any of my videos in this video also my information to my website is there and my number is there to contact me um debt collector file a lawsuit how can i handle this uh a balance of 30 000 plus well one thing a plus although i'm going to talk about that too um you want that's an issue for an attorney you you first need to talk to an attorney but reach out to me and see if i can get some information um i have a way to that you may can talk to an attorney for like pennies on a dollar i keep a service because i'm in business where i have access for to an attorney like a legal service plan and what i suggest the reason why you need to talk to an attorney you need to know your statute of limitations for that type of debt in your state starting off number one number two you need to know what the court rules is many a time if you being sued you have to answer a complaint so um you need to answer that complaint and the questions need to be sent to them usually it's called interrogatory questions by court rules and there's different ways you can challenge that and um this is not legal advice or is for educational purposes only but what i have done in the past with my interrogatories um a lot of times it might be that attorney group that actually bought that debt don't get it twisted attorneys by debt because it's more lucrative a lot of times than them doing litigations many attorneys are debt buyers so they'll say they're representing uh a collection company or they're representing the original creditor but if it's a vehicle debt there's certain uh rules like with repossessions if they come in after that kind of debt that they need to follow different laws did they send you a notice of deficiency uh uh did they give you an opportunity to redeem the vehicle there are certain things and they should notify you on going to auction um giving you that opportunity to go to auction and they should let you know when that so car was sold how much you owe so if it's like with a repossession you want to look at the contracts and things like that and you want all that information but you need to talk to an attorney how to get it if it's a credit card uh debt uh and and you need to ask uh in those questionings in your discovery uh was this debt sold and who was the debt sold to so you you need to try to catch them up a lot of times those companies if it's an attorney i'll try to catch you up on court rules not necessarily about really do you even owe it so just don't be intimidated make sure you answer the complaint and also um make sure you get full accountant i always like to counter sue be myself personally defamation of character anytime i like to counter sue and i get that company name and name names because if you're an attorney and you bought that debt and you acting like you representing a certain company oh you don't represent them because what i'm going to do is get some names of the ceo the um the ceo and those that work of it treasurer i'm naming names employees you gonna work for real because i'm gonna hit them with a lawsuit and then they will encourage you to back back on down so that's the way i have done things in the past but like i said this is for educational purposes only and in order for you to find the best way to um maneuver that you do need to talk to an attorney in your state to understand those little dynamics uh you're right i remember the video about two weeks ago thank you so much for tuning in to me with me everyone um she's not reading everybody's question i'm trying to go through it to try my best to get as many questions hello i have built up my business credit through guns do you know by doing so um what benefits is it having with uh business credit i mean it it depends on what your goal is um uh what is it if you can give me some detail what is your goal okay so a lot of people say i'm getting business credit but what is your current business structure and what is your goal you know so you want to look at that um if you're a person like myself who's uh doing consulting other things do i really need uh the full out gun and brad street i could but many times what a lot of people are not telling you about business credit you're gonna have to pg number one you gotta personally guarantee building and dun and brad street many a times for them not to let you pg or personal guarantee you're gonna have to make like a million dollars in revenue and you're gonna have to that business need to generate a certain amount and also have collateral in assets so what i'm saying and anything are you building that i see people doing net 30s and they're not making money so at the end of the day for anybody to ever build business credit without pgn and i'm not talking about net 30s nobody ain't talking about no net because net 30s is not getting so much business loans actual cash or credit cards outside with no personal guarantee you know it's somewhere built in there you can go for tech companies but you need to find out what's your end goal and what you're trying to do so if you can give me more details because business credit is very complex and it it has to do with your business structure and what you you're trying to accomplish if you're trying to get capital things like that um you need to know how about how you're going to go about that and what to just to make it plain and sick simple there are some businesses that lenders just just not trying to fund like let's say those that are uh general contractors some of them they just are going to stray away from certain lenders so what are you trying to really accomplish those that are general contractors there it could be only the uh certain lenders that even work in that market so um that's why many of them get hard money lenders which are um personal investors or you know funds like that um so it depends on what kind of business structure that you have also if you're so proprietorship llc and what you're really trying to accomplish um can you uh really complete that goal without going that route so there's many times you can depending on what you're trying to do so uh if you're trying to get into retail right now might not be a lot of people want a lot of lenders that's really going to fund that the key when it comes down to business credit business they want to see you making money no um banks are not are not really in in the the uh business of gambling yes investing investments are not a guarantee but they try to do loss uh a remediation they try to limit their losses and this is why a lot of you that's here are getting lawsuits or is collection companies pursuing you because these are certain types of avenues banks take to secure um the money that they're lending you so um keep that in mind if that's you know uh uh uh it's it's more levels to that whether a done of brad street really gonna help you accomplish your goal for your business but he said love the information this far keep up uh keep it up you're killing it thank you so much for uh watching uh buddy what is she uh tapping i'm not tapping anything it could be my mic so hopefully it may be my mic with my chain so hopefully i answered uh a couple of questions if y'all need to get in contact with me or if you have more questions make sure you put it at the end of this video okay so um uh keep up um keep uh coming in with me you guys i appreciate it and hopefully this was informational