TurnScor eBook.indd

The Step by Step Process
What is this guide going to do for me?
Good question! There are a couple of things this guide is going to do for you. One is to help you
understand the process of repairing your credit and show you how your software subscription makes
it very easy. The other is to give you the step by step process to challenge the most common issues
on the average credit report. This process is actually pretty easy, but it takes time and dedication.
This guide IS NOT intended to cover every every type of credit issue out there, as we cannot possibly
cover all the various types of credit issues that in exist in the kind of detail that you may need. What
this book does do, that many others do not, is give you the step by step process for working with the
credit reporting agencies and some really good examples, tips, processes and sample material to help
you along.
Getting Ready
First you need to get “Organized” by doing a few simple tasks:
1. Create a manilla, or some type of folder, specifically related to all of your credit issues.
2. Make sure you label this folder appropriately, something like “My Credit Issues.” Keep everything
that pertains to raising your credit in this folder as it needs to be kept in a central location.
3. You may also want to keep a separate
calendar or add the dates you are to mail
letters and other tasks to your regular
calendar.
4. Print out this document.
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The online system automatically reminds you
to mail your letters and manages your tasks!
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By using our online software, you will be able to organize your credit profile to all 3 major reporting
agencies. The system will always prompt you as to your next step. TurnScor has provided written
text as well as video tutorials to provide clarity in the process. If you do get stuck, click on the
Contact Us feature, and someone will get back to you to resolve your issue. Remember, time is
going to pass either way, STAY pro-active!
Step One
The first thing you’ll need to do is get your personal credit profile. You will want to get a profile from
all three credit reporting bureaus:
• Trans Union
• Experian
• Equifax
They will either give you your CREDIT SCORE as part of the sign up or offer it at an extra charge,
either way make sure you obtain your credit score so you can see how much progress you
make over the next several months. This may cost a fee, but it’s worth it. This allows you to have your
complete credit profile. To do this, open your favorite web browser and navigate to one the addresses
below. We recommend http://www.mycreditkeeper.com, but you can use any company that provides
you all three reports or what is called a “tri-merge” which combines all three scores at once.
www.annualcreditreport.com
www.mycreditkeeper.com
Step Two
Now that you have your credit profile, next you’ll need to create a summary grid of all the derogatory
items within your credit profile. This is how you’ll recognize and understand how the credit agencies
report items that are obviously inaccurate.
Attached is a sample grid (Attachment A - Sample Derogatory Summary Grid) and a blank grid
(Attachment B - Blank Derogatory Summary Grid) and the Account history section from an actual
credit profile (Attachment C - Sample Public Records) so you can see how to view each item and
load it into your desktop grid. Notice how each item doesn’t report the same way all the time to each
bureau. This creates an opening for you to challenge the accuracy of each item in your profile. Keep
in mind, once an item is deleted it cannot be re-inserted into your profile.
To create the grid, you simply copy the derogatory information directly from your credit profile
into your Derogatory Summary Grid. See Attachment A - Sample Derogatory Summary Grid
and Attachment C - Sample Public Records. Use these as an example for copying your credit
information from YOUR credit profile to Attachment B - Blank Derogatory Summary Grid. The
Derogatory Summary Grid is where you will build your “database” of the items you want to challenge.
Below are definitions of the columns in the grid:
• Account Name: This describes the creditor in question that you are going to challenge (i.e.
GMAC, MBNA, NCO Collections).
• EXP: This the the abbreviation for EXPERIAN
• CSC: This is the abbreviation for CSC/EQUIFAX
• TU: This is the abbreviation for Trans Union.
Completing this grid is very important for challenging items in your file. The law (FCRA) clearly says
that anything in your credit profile has to be Accurate and verifiable, not by you personally,
but by the subscribers (creditors). By filling out this grid, you will be using it to create a series of
challenge letters to the three major credit reporting agencies. By creating these challenge letters,
you put the burden of proof on the subscribers (creditors) to prove the accuracy of the account(s)
in question. These are the very same creditors that use your credit information to determine what
rate of interest they charge you to access their loans or credit. Making them prove this information
is time consuming and difficult, thus allowing you to raise your personal credit score and saving you
thousands of dollars in finance and interest charges over your lifetime.
You can refer to the Attachment C - Sample Public Records (taken from the sample credit profile)
and the Attachment A - Sample Derogatory Grid as a reference. You will notice that these have
“A,” “B,” “C,” and “D” written on them showing you where the information on one Account History
from the credit profile should be copied on the Sample Derogatory Grid.
Note: Be very thorough on your data entry in the summary grid. This is
the foundation of all your challenge letters, and It needs to be accurate.
Reading Your Credit Profile:
Your credit profile is broken into 3 segments:
• Personal Information - your name, your address, how long you have lived at your present
address, previous residences, aliases, employment information
• Public Records - bankruptcies, judgments, tax liens, etc.
• Account History - all of your creditors and everything in relation to them: payment history,
balances, minimum payment and current status
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Remember to verify all entries twice for accuracy.
All of these things put together are computed by a complex mathematical equation to create your
personal credit score. With that said, we need to discuss what the different letters mean and why you
are filling out the different columns in your Derogatory Summary Grid.
You need to go through your credit profile
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one account at a time and identify whether or
Remember to verify all entries twice for accuracy.
not it’s a “positive” or “negative” account. If it
is a “positive,” you DO NOT list it on your summary grid. If it is a “negative,” then you need to enter
the account name, account number and the status. The status is simply whether it is a charge off,
collection, public record or late payment. The following list explains these further:
• C: This is the abbreviation for a collection or charge-off in the credit profile. You are challenging
the accuracy not the validity.
• P: This is the abbreviation for a public record. This could be a bankruptcy, judgment or tax lien.
You are challenging the accuracy not the validity.
• L: This is the abbreviation for a late payment of a current or open, active account. You are
challenging the accuracy not the validity.
This applies to all three types of which include revolving accounts, mortgage accounts or installment
accounts.
• Revolving Accounts - A revolving account does not have a fixed term, meaning the credit
doesn’t have a set expiration date. Any and all credit cards are this type.
• Mortgage Account - This is different from an installment account because, though it has a
fixed term, it is attached to a property. Home or investment property loans and home equity
lines of credit are this type of account.
• Installment Account - This means the loan has a fixed term then you are done. Examples of
this type of loan are auto loans, boat loans, etc.
Step Three
Now that you have you’ve created your summary grid with the items that need to be challenged, you
need to pick the first seven items (if you have that many) from each of the three credit bureaus and
create your first challenge letter. If you have more than seven, you need to make a mark next to the
ones you challenged on your first round. You then wait 30 days and send off another initial challenge
on the next group of seven until you’ve challenged every item in your profile as you feel is inaccurate.
You have many shells to choose from. They are grouped together (initial challenges, collection items,
2nd round challenges, etc.) so you need to pick one that you feel best suits your personal situation
and simply fill in the blanks.
Use the provided examples as a guide: Attachment A - Sample Derogatory Grid and Attachment
D - Sample Challenge Letter. You will notice that these have “A,” “B,” “C,” and “D” written on them
to indicate the relationship between each document. Attachment C - Sample Public Records
(taken from the sample credit profile).
Print the first set of challenge letters and sign the bottom. These letters can be printed using an inkjet
or laser printer.
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Our online system processes this in the proper order for you!
It is very important that you provide proper documentation of who you are. The bureaus will look
to ignore your request and call it frivolous if you cannot prove your identity. Be sure to enclose the
following with each challenge letter:
• Photocopy of your driver’s license or state identification card
• Photocopy of your social security card or equivalent (1099/W-2, something from a government
official with your name and social security attached to it
• Photocopy of a current utility bill (gas, electric, cell phone) with your address on it
We have enclosed examples of what the three major bureaus do in order to “DELAY” processing your
request. Please follow these important steps to ensure the best results. See Attachment E - Sample
Delay Letter.
In order to ensure proper delivery and establish a legal 30 day time line with the bureaus, it is
strongly recommended you send everything “CERTIFIED” mail. If you are unfamiliar with this process,
the best way to familiarize yourself with it is to:
1. Refer to the video on our website www.utrnscor.com. It will be explained in greater detail.
2. Take your letters to your local post office and ask them to help you.
3. Follow our step by step guide included in this e-book - Attachment F - Certified Letter
Process.
Why certified mail? The bureaus don’t really want to fix your credit profile. When you send them a
challenge letter via regular mail, who is to say they ever received it. Perhaps it literally got lost in
the mail. You’re waiting for the results and none come. Guess what? They hope you’ll forget and
just give up! By sending them “CERTIFIED” mail, you not only can
track your letters (www.usps.com), but it ensures a response from
the credit bureaus. Once you’ve sent off your challenge letters, you
need to wait for the confirmation receipts. This is the date that the
bureau actually signed for your letter. The clock starts ticking from
this moment. Then sit back, relax and allow the process to unfold. Be
sure to open any all mail from this moment forward. The bureaus like
to send off items to stall you. It looks like junk mail. Don’t let them
throw you off track. Keep everything you’ve received in your “GET
Get Organized
ORGANIZED” folder so nothing gets lost in the shuffle.
Step Four
It’s been 30 days, and you’ve just received your first updated credit profile (by law, the FCRA states
the credit bureaus must send you a FREE copy of your credit profile if you challenge the accuracy of
an item in your profile) from one of the three major credit bureaus. Now that you have received this
updated credit profile, you will need to do the following steps:
1. You need to compare the “RESULTS” of the items challenged (in your initial letter) with what
is now being reported in your updated personal credit profile.
2. You will need to compare the results (see Attachment G - Sample Results Letter) with your
summary grid and see which items were successfully “deleted.” This is where you mark the
item off your summary grid (use a hi-liter) so you can chart your progress. Lots of color on your
summary grid means you are RAISING your personal credit score!
3. You will also want to make sure no additional items (derogatory accounts) have been added
to your profile that you were unaware of that affect your personal credit score.
Note: This verification and update process continues with all three credit reporting agencies.
4. Now you need to review your summary grid once again and select the remaining items you
want to challenge and which letter fits your situation.
You will then follow Steps Two through Four again and create a new (2nd round) series of letters
and start the process again. This will continue until you’ve successfully removed the items in your
profile which you feel are inaccurate, outdated or invalid.
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The software was designed to keep you organized, on task, and the ability to track all of your
results in one area of your personal dashboard.
Summary
This process is essentially an easy one. The thing we tell our customers is that the devil is in the
details. Remember, the credit reporting agencies DO NOT want to help you with this. It is truly in their
best interest to have your credit where it is. The credit card companies, loan companies and others
make more money on your account if they can justify giving you a higher interest rate, and your credit
score is that justification. Please be diligent and follow the steps outlined in this guide and make sure
to keep track of your information. Keep a calendar or reminder system for yourself and simply follow
up on the process. It is very easy to forget or put this off. Yes, it is a long process. Yes, it is tedious, but
remember, it is designed to be this way to deter you from following the process and to keep you from
a higher credit score. Lower credit scores mean more money for the creditors!
Let’s face it, life is busy, Advanced Credit Technologies understands that, which is why we created
this software platform to assist you in this process. We want to “EMPOWER” you to manage your
personal credit score, not some disinterested third party or attorney. All of this was created for
“YOU” please take advantage of all the learning tools and educational products we have put
together. The bureaus and creditors want you think its impossible to raise your credit profile. By
using this platform you can show them differently. Good luck from the TurnScor TEAM!
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Attachments
Attachment A - Sample Derogatory Grid
Account Name
Account Number
TU
1
Judgment
82c504006983
P
2
Judgment
82c805001528
D
3
Judgment
08sc000824
4
Debt rec col
239275209xxxx
5
firstmark
31xxxx
c
6
firstmark
15xxxx
c
7
firstmark
26xxxx
c
8
firstmark
21xxxx
c
9
gmac
00790765xxxx
l
10
global payment
5550xxxx
C
11
global payment
5581xxxx
C
12
ideal coll
115612290xxxx
13
Midland coll
850627xxxx
14
poskins & rose
16xxxx
15
rma check rite
211893xxxx
16
state coll
891xxxx
C
17
us dept of edu
472983xxxx
c
18
us dept of edu
472984xxxx
C
19
valentine
19959xxxx
c
20
vw credit inc
82264xxxx
c
21
First Bnkcrd/Omaha
241165XXXX
22
23
24
25
26
27
28
C
DD EXP DD CSC DD
B
P
A
P
c
C
C
c
c
c
c
c
C
c
c
Attachment B - Blank Derogatory Grid
Account Name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Account Number
TU
DD EXP DD CSC DD
Attachment C - Sample public records
A
Public Records
The information in this section comes from federal district bankruptcy records, state and county court
records, tax liens and monetary judgments, and in some states, overdue child support records. Public
records remain on your credit report for 7-10 years.
B
EXPERIANEQUIFAXTRANSUNION
Type:
Date Filed:
Reference #:
Court:
Plaintiff:
Liability:
Asset:
Type:
Date Filed:
Reference #:
Court:
Plaintiff:
Liability:
Asset:
Judgment
C
3/11/2005
82C805001528
WASHINGTON COUNTY
COURT
Northern Financial
SYStems Inc
$4,026.00
Judgment
11/16/2004
82C504006983
WASHINGTON COUNTY
COURT
PROFESSIONAL CREDIT
ANALYSTS MN
$3,108.00
D
Type:
Satisfied Judgment
Date Filed:
5/1/2008
Reference #:
82SC0000824
Court:
Plaintiff:
Waterman broadcasting
of florida
Liability:
$0.00
Asset:
Attachment D - Sample Challenge Letter
Date
Name
Address
City, State Zip
B
Experian
PO Box 2002
Allen, TX 75013-2002
TO: Experian Credit Services Complaint Department
RE: Incorrect Information in my credit file
I formally request that the following inaccurate items be immediately investigated. They must be
removed in order to show my true credit history, as these items should not be on my report. Be the
provisions of 15 ISC f168i of the FCRA of 1970, I demand that these items be reviewed and deleted
from my record.
Judgment
C
D
82X504006983
A
may not be mine, please investigate
Judgment
82X805001528
may not be mine, please investigate
GMAC
007970765xxxx
never late, please investigate
Gobal Payment
5550xxxx
may not be mine, please investigate
Ideal Collection
115612290xxxx
may not be mine, please investigate
RMA
211893xxxx
may not be mine, please investigate
State Collections
891xxxx
may not be mine, please investigate
Since 30 days from the receipt of this letter is your allotted time under the law to reverify these entries,
it should be understood that failure to do so within the 30 day period constitutes reason to promptly
remove the information from my file (FCRA 15 USC s 1168li (5)(A)).
Also, pursuant to 15 USC s 168li (6)(A) of the FCRA, please notify me when the items have been
deleted. You may also send me an updated copy of my credit report to the address listed above.
According to provisions of the 15 USC section 168lj, there should be no charge for this notification.
Please send me the direct names, telephone and extension number along with the address’ of the
individuals that you contacted so that I may personally follow up.
Sincerely,
Name
Social Security Number
Attachment E - Sample Delay Letter
050301458-FLT
May 3, 2009
Dear Consumer:
We received your request concerning your Equifax credit file and have addressed your concerns. However,
the information you provided as proof of your identity does not match your information currently on file.
Therefore, to protect your credit information, we must ask for some additional information in order to verify
your identification and address.
In order to receive the results of the investigation, a copy of one item in EACH of the categories below is
needed in order to verify your identification and address. The item you choose in the identity category MUST
contain your Social Security number, and the item you choose in the address category MUST contain your
current mailing address of: 888 E Main St
IDENTIFICATIONADDRESS
• Social Security card
• Driver’s license
• Pay stub with U.S. Social Security number
• Rental lease agreement/house deed
• W2 form
• Utility bill (gas, electric, water, cable, residential
telephone bills)
To ensure that your request is processed without delay, please enlarge photocopies of any items that contain
small print (e.g. driver’s license, W2 forms, etc.). To avoid additional delays, keep in mind that if photocopies are
not legible or contain highlighting, they may cause us to ask that you resubmit your request with more legible
documents.
There is no fee to research your concerns. If you included payment in the form of a personal check, it has been
shredded for your protection. If you included a money order, it is being returned to you in a separate mailing.
Please submit the requested information and this letter to the address below.
Equifax Information Services LLC
PO Box 740256
Atlanta, GA 30374-0256
Thank you for the opportunity to assist you.
Equifax Information Services LLC
THE FBI named identity theft as the fastest growing crime in America.
Protect yourself with Equifax Credit Watch™, a service that monitors your credit file every business day and
notifies you within 24 hours of any activity. To order, go to: www.creditwatch.equifax.com
Attachment F - Certified Mail Process
Step One
Print your 3 challenge letters.
October 11, 2009
John Q. Public
123 Main Street
Anywhere, ST 00000
CSC Credit Services
PO Box 619054
Dallas, TX 75261-9054
October 11, 2009
John Q. Public
123 MainDepartment
Street
TO: CSC/Equifax Credit Services Complaint
Anywhere,
ST 00000
RE: Incorrect Information in my credit
file
TransUnion
Consumer
Solutions
I formally request that the following inaccurate
items
be immediately
investigated. They must be
October 11, 2009
POhistory,
Box 2000
removed in order to show my true credit
as these items should not be on my report. Be the
19022-2000
provisions of 15 ISC f168i of the FCRA Chester,
of 1970, PA
I demand
that these items be reviewed and deleted
John Q. Public
from my record.
123 Main
Street
TO: TransUnion Credit Services Complaint
Department
Anywhere, ST 00000
RE: Incorrect Information
mybe
credit
Ideal Collection
115612290xxxx
mayinnot
mine,file
please investigate
Midland Collections
Firstmark
Firstmark
Firstmark
Firstmark
850627xxxx
may not be mine,
please investigate
Experian
I formally request that the following inaccurate
items be immediately investigated. They must be
POhistory,
Box
2002
31xxxx removed in order to showmay
mine,
please
investigate
my not
truebe
credit
as
these items should not be on my report. Be the
Allen,
TX
75013-2002
of the
of 1970,
I demand
that these items be reviewed and deleted
15xxxx provisions of 15 ISC f168imay
notFCRA
be mine,
please
investigate
from my record.
26xxxx
may not be mine,
investigate
TO: please
Experian
Credit Services Complaint Department
RE: please
Incorrect
Information
mybe
credit
21xxxx Judgment
may not82C504006983
be mine,
investigate
mayinnot
mine,file
please investigate
Ideal Collections
1156122990xxxx
may not be mine, please investigate
formallythese
request
that the following inaccurate items be immediately investigated. They must be
Since 30 days from the receipt of this letter is your allotted time under the law toI reverify
entries,
Poskins
& Rose
16xxxx removed
mine,history,
pleaseas
investigate
to showmay
my not
truebe
credit
these items should not be on my report. Be the
it should be understood that failure to do
so within
the 30 day period constitutes
reasonintoorder
promptly
of the
of 1970,
I demand
that these items be reviewed and deleted
remove the information from my file (FCRA
USC s 1168li (5)(A)).
State15Collections
891xxxxprovisions of 15 ISC f168imay
notFCRA
be mine,
please
investigate
from my record.
US Dept. of Education
472983xxxx
may not be mine, please investigate
Also, pursuant to 15 USC s 168li (6)(A) of the FCRA, please notify me when the items have been
US Dept.
of Education
be mine, please investigate may not be mine, please investigate
deleted. You may also send me an updated
copy
of my credit report 472984xxxx
to the Judgment
address listed above. may not82X504006983
According to provisions of the 15 USC section 168lj, there should be no charge
for this notification.
Judgment
82X805001528
may not be mine, please investigate
Since
30
days
from
the
receipt
of
this
letter
is
your
allotted
time
under
the
law
to reverify these entries,
Please send me the direct names, telephone and extension number along with the address’ of the
GMAC
007970765xxxx
never late, please investigate
should
be understood
individuals that you contacted so that I itmay
personally
follow up.that failure to do so within the 30 day period constitutes reason to promptly
remove the information from my file (FCRA
15Payment
USC s 1168li (5)(A)).
Gobal
5550xxxx
may not be mine, please investigate
Sincerely,
Ideal Collection
115612290xxxx
may not be mine, please investigate
Also, pursuant to 15 USC s 168li (6)(A) of the FCRA, please notify me when the items have been
RMA copy of my credit report 211893xxxx
deleted. You may also send me an updated
to the address listed above. may not be mine, please investigate
According to provisions of the 15 USC State
section
168lj, there should be no891xxxx
charge for this notification. may not be mine, please investigate
Collections
John Q. Public
Please send me the direct names, telephone and extension number along with the address’ of the
000-00-0000
individuals that you contacted so that I Since
may personally
follow
30 days from
theup.
receipt of this letter is your allotted time under the law to reverify these entries,
it should be understood that failure to do so within the 30 day period constitutes reason to promptly
Sincerely,
remove the information from my file (FCRA 15 USC s 1168li (5)(A)).
John Q. Public
000-00-0000
Also, pursuant to 15 USC s 168li (6)(A) of the FCRA, please notify me when the items have been
deleted. You may also send me an updated copy of my credit report to the address listed above.
According to provisions of the 15 USC section 168lj, there should be no charge for this notification.
Please send me the direct names, telephone and extension number along with the address’ of the
individuals that you contacted so that I may personally follow up.
Sincerely,
John Q. Public
000-00-0000
Attachment F - Certified Mail Process
Step Two
Create at least 3 copies of the following so the credit bureaus can verify your identity:
• Driver’s License
• Social Security Card
• Current Utility of Cell Phone Bill
Attachment F - Certified Mail Process
Step Three
Sign your challenge letters and attach copies of your identification (from Step 2). Seal the letters in a
separate envelope for each credit bureau the letter references.
John Q. Public
123 Main Street
Anywhere, ST 00000
TransUnions Consumer Solutions
PO Box 2000
Chester, PA 19022-2000
John Q. Public
123 Main Street
Anywhere, ST 00000
CSC Credit Services
PO Box 619054
Dallas, TX 75261-9054
John Q. Public
123 Main Street
Anywhere, ST 00000
Experian
PO Box 2002
Allen, TX 75013-2002
ATTAchmenT F - cerTiFieD mAil proceSS
Step four
Go to the Post Office and get the Certified Mail documents and fill them out for each of your letters.
You may want to get extras for the next round of challenge letters that you will need to send.
John Q. Public
123 Main Street
Anywhere, ST 00000
Experian
PO Box 2002
Allen, TX 75013-2002
Experian
PO Box 2002
Allen, TX 75013-2002
Attachment F - Certified Mail Process
Step Five
Save the certified receipt(s) with the 20 digit tracking code and add it to your file.
John Q. Public
123 Main Street
Anywhere, ST 00000
Experian
PO Box 2002
Allen, TX 75013-2002
20 Digit Tracking Code
Step Six
Once you have mailed your letters to the credit bureaus, sit back and relax while your credit is being
improved!
Attachment G - Sample Results Letter
May 3, 2009
Dear Consumer:
Our investigation of the dispute you recently submitted is now complete. The results are listed below.
If our investigation has not resolved your dispute, you may add a 100-word statement to your report. If you
provide a consumer statement that contains medical information related to service providers or medical
procedures, then you expressly consent to Eperian including this information in every credit report we isue
about you.
If there has been a charge to your credit history resulting from our investigation, or if you add a consumer
statement, you may request that Eperian send an updated report to those who received your report within the
last two years for employment purposes, or within the last one year for any other purpose.
If interested, you may also request a description of how the investigation was conducted along with the
business name, address and telephone number of any company we may have contacted for information.
Thank you for helping ensure the accuracy of your credit information.
Investigation Results
Item
Description
Results
personal, informationnew information below
civil judgmentdeleted
gmacpreviously verified
Global Payment
Previously Verified
Global Payment
Previously verified
ideal collection servicepreviously verified
midland credit mgmt incdeleted
RMA Check Rite
Previously Verified
state collection svcdeleted
fst bankcard cntr-omahadeleted
C
E
F
G
Attachment H - Updated Sample Derogatory Grid
Account Name
Account Number
TU
1
Judgment
82c504006983
P
2
Judgment
3
Judgment
08sc000824
4
Debt rec col
239275209xxxx
5
firstmark
31xxxx
c
6
firstmark
15xxxx
c
7
firstmark
26xxxx
c
8
firstmark
21xxxx
c
9
gmac
00790765xxxx
l
10
global payment
5550xxxx
C
11
global payment
5581xxxx
C
12
ideal coll
115612290xxxx
13
Midland coll
14
poskins & rose
16xxxx
15
rma check rite
211893xxxx
16
state coll
17
C
82c805001528
E
P
P
c
C
850627xxxx
F
DD EXP DD CSC DD
C
c
c
c
c
891xxxx
C
us dept of edu
472983xxxx
c
18
us dept of edu
472984xxxx
C
19
valentine
19959xxxx
c
20
vw credit inc
82264xxxx
c
21
First Bnkcrd/Omaha
241165XXXX
22
23
24
25
26
27
28
G
c
C
c
c
Attachment I - Repeat the process
Now that you have successfully completed your first round of Challenge Letters and have updated your
Summary Grid, it is time to repeat the process. You will now follow Step Four again and create a new
(2nd round) series of letters and start the process again. This will continue until you’ve successfully
removed the items in your profile which you feel are inaccurate, outdated or invalid.
Summary
This process is essentially an easy one. The thing we tell our customers is that the devil is in the
details. Remember, the credit reporting agencies DO NOT want to help you with this. It is truly in their
best interest to have your credit where it is. The credit card companies, loan companies and others
make more money on your account if they can justify giving you a higher interest rate, and your credit
score is that justification. Please be diligent and follow the steps outlined in this guide and make sure
to keep track of your information. Keep a calendar or reminder system for yourself and simply follow
up on the process. It is very easy to forget or put this off. Yes, it is a long process. Yes, it is tedious, but
remember, it is designed to be this way to deter you from following the process and to keep you from
a higher credit score. Lower credit scores mean more money for the creditors!