Secret CREDIT Repair Tactics with Corey Gray

What can you do as a Credit Hero to help your clients with charge-offs, bankruptcies, and delinquent student loans on their reports? 

In our credit repair community, we hear many of these same questions about the latest industry disputing strategies, and these questions keep coming up again and again. Today, I’m going to set the record straight about removing difficult items from a credit report … once and for all.

I’ll share tips straight from Credit Industry and Disputing Expert, Corey Gray, and help you achieve more deletions for your clients!

First, make sure to CLICK HERE to access my FREE 20+ page cheat sheet!  It’s a whole book I  created together with leading INDUSTRY VETERANS, to give you the answers to all the top questions and tons of credit repair resources!  Our book walks you through the questions in this article and MORE, plus how to launch your own successful credit repair business, and how to automate sales and marketing … so be sure to download it.  It’s packed with industry secrets and will help you a lot!

Corey’s secret tactics for disputing student loans and permanently removing charge-offs and repossessions, will help you reach your goals faster! You can follow along with my cheat sheet as I tackle these top questions:

• I was told not to touch student loans due to possible blowback on my client … Is this true?  

First of all, this is a myth. You have the right to challenge anything you feel is inaccurate, outdated or questionable - including student loans. 

Now, what you may be referring to as far as blowback is concerned is the potential of being sued over unpaid debt. With unpaid debts, your client always runs the risk of being sued. 

The fact is, student loans, and specifically, federally-subsidized student loans, tend to never really go away. Even if you are successful in deleting them, they’re backed by the government and if you default for too long, they go after your tax returns or they garnish wages. 

But disputing the student loans will not be the trigger to being sued or garnished, so my advice would be to do your best to delete them.

• Is it possible to dispute a bankruptcy?

Bankruptcy is a public record, and the courts do NOT report them to the bureaus. The bureaus actually purchase the information from 3rd parties like LexisNexis and PACER. 

That’s the key to removing public records. 

The bureaus report the furnisher as the Court. This is false reporting, a violation of the Fair Credit Reporting Act, and it is a perfect reason to challenge it!

Here’s my step-by-step method: 

1. Dispute the public record with the bureaus. 
2. If the bureaus verify it, send a letter addressed to the court where the public record was filed with a prepaid self addressed envelope.
3. Here is what your letter should say: “I have a bankruptcy from your court appearing on my credit report. I’ve disputed the item with the credit bureaus and all confirmed the public record was verified by you. Please provide the procedure in which you verify records with the bureaus.” 
4. You can expect a response from the Clerk of Court explaining they DO NOT report to the credit bureaus.
5. When you get it, send it to the bureaus and show proof the court did not report it. 
6. Usually, you’ll get a deletion because you have proven a violation. If not, it is a good time to file a complaint with the CFPB because you have a valid reason for removal.

• How do you dispute charged-off accounts?

What exactly is “charging off”?  Well, usually when a creditor charges a debt off, they are essentially reporting it as uncollectible. They either sell the debt to a 3rd party debt collection, or in some cases, they actually lease the debt to a debt collection firm who takes over the right to collect the debt.

This is extremely damaging to a credit report. 

When you’re disputing Charge-Offs, treat them just like any other item!

So here’s the process I recommend that often works. 

• Send Round 1 letters and wait for responses – the response will determine your next step. 
• If it’s deleted, move on to disputing more items. 
• But, if they respond with a stall tactic, you should respond with a stall letter.
• If any of the bureaus respond by verifying everything, ask them to prove it. You can send a MOV letter, a reinvestigation letter or use the prove it letter from our library. 
• If they ignore that request, send them a reminder; OR a warning, or go ahead and file a complaint and include it with your letter. 

From here, you can either continue to apply pressure on the bureaus or begin disputing with the furnisher directly. 

Just like the bureaus, you dispute the item, then wait for a response and based on that response you persistently apply pressure. 

Remember, if the bureaus or furnishers violate any laws at any point, you can always hire an FCRA attorney who will sue them. The truth is, it really doesn’t matter if it’s a charge-off or a collection – the key is to be persistent with both the bureaus and the debt collector and demand the method of verification and reinvestigations, and filing complaints if necessary. 

Pretty interesting, right?!

Wait! Before you go, remember to CLICK HERE to access my FREE 20+ page cheat sheet!  

AND if you want to get certified in disputing and launch your very own credit repair business in just a couple weeks, I invite you to join our Credit Hero Challenge!

It’s an amazing program that has helped tons of Credit Heroes get their first clients, get certified in disputing, and gain confidence in knowing they are launching their credit repair business on a solid foundation that allows them to grow and scale FAST! 

We’re starting again soon, so sign up now at creditherochallenge.com!

Be sure to subscribe on your favorite platform below!