AMERICA, CLOSE ON YOUR LOANS! FINISH 2017 STRONG!!!!!

Hello Potential Borrowers,

 I thought you’d appreciate this.A friend of mine instructed his borrower to pay off some collections on his report. The middle score was 644, collections roughly $3,500, and some extra money to throw around.

 The borrower paid off a couple of the collections, but when the lender pulled the report again, the score DROPPED under 620! I started working with the client, removed the remaining collections within the first 30 day dispute, and the scores shot up almost 100 points! The client could have saved that $3500. He realized that throwing it at his credit did absolutely nothing for him.

So here are the 3 Reasons Why NOT to Pay Collections:

 1. Paying collections only re-ages the debt. 

It zeroes out the account (which helps the DTI) but it makes it look like it’s now a brand new PAID COLLECTION, thus dropping the score.

 2. It’s no longer your debt. 

The person who owns the debt now doesn’t have a direct contract with the individual, yet when they post on the credit report, they are claiming that they do and can legally verify it. They are lying and breaking the law. The original company voided the contract when they sold it for 10-15 cents on the dollar, they reported it as a loss, and now can’t legally collect on the debt either. So really, you don’t owe anything to anyone anymore.

 3. If a collection is paid, it doesn’t stop it from being sold again to another collection company.

Many times, I’ve seen duplicated debts on credit reports that the client already paid off. Collection companies are notorious for settling with clients and quickly selling the debt off to another company to collect just a bit more!

What exactly do I accomplish for my clients? I offer: 

 -Deletions (collections, medical bills, charge-offs, inquiries, late payments, judgments, tax liens, bankruptcies, etc.)

-Debt relief usually without having to pay or settle

-Score Increase 

-Add Positive Trade-lines

-Free Consultation @ 407-914-5496