15. Myth: Paying off creditors with negative data will help my score
There are ways to remove negative data from your account. For
information, see The Credit Secrets Bible for techniques on how to do this.
Paying off an account will mark an account as paid. But negative items
will remain on the credit report without attempting more advanced
methods.
All these advanced techniques are covered in the Credit Secrets Bible
Call the police. Report whatever was stolen. Although most likely they won't be
able to help you, the police report may be able to help convince creditors of what
has taken place.
Contact the Federal Trade Commission. The FTC's identity theft hot line is
877-438-4338. Call them and file a complaint. This may help to lead to law
enforcement action.
Continue to check your credit report. New accounts don't show up for sometimes
1-month up to 6 months.
Contact each of the credit bureaus and put a fraud alert on your file. This will aid
in preventing new accounts to be opened without your express permission.
Freeze fraudulent accounts. Make contact with all the creditors, banks, utility
companies etc., and have them freeze all the fraudulent accounts. You will
probably only be liable for only $50.00 of the fraudulent charges against you.
Allen, TX 75013
(888) 397-3742
Atlanta, GA 30374
(800)-685-1111
Chester, PA 19022
(800) 888-4213
You might be surprised to find out that lawyers and credit repair agencies
don't have any more clout in cleaning up your credit than you do. What
they do have are the right forms and strategies for attempting to remove
negative information from your credit report. You too can have access to
the the same strategies and forms the pros have here.