If you’re running a credit repair business, one of the common things you do is to get a full credit report for your client. Although this is easy, obtaining a credit report for many clients from different credit bureaus is time-consuming. That is why it is handy to have software that will help you get your clients’ full credit reports instantly.
Offering credit repair services means you’ll handle all the heavy lifting on behalf of your clients. This task often starts with pulling your client’s credit report to understand his/her credit standing. This is done by reviewing if there are any negative derogatory. For instance, credit delinquency, bankruptcy, or tax liens.
Reviewing Credit Reports
In reviewing credit reports, it is critical to detect inaccurate information in the document. This step allows you to set up a plan for disputing these errors. This plan includes: requesting to validate the information and writing dispute letters to creditors to correct the wrong information in the report.
Errors in credit reports are common. According to a Federal Trade Commission Study in 2013, 5% of consumers had errors in one or more of the three major credit bureaus. Namely: Equifax, Experian, and TransUnion. This wrong information often leads to negative effects on consumers’ credit standing. Resulting in a poor credit score.
Negotiating with creditors by writing dispute letters. And requesting the credit agency where you found errors on their reports is the most effective way to correct them. This tactic was tested and proven in the same FTC study. In which participants have had to improve their credit score by more than 25 points after disputing credit and notifying the credit bureaus about the wrong information in their records.
Importance of Getting Full Credit Report Regularly
Correcting errors in credit reports to improve your client’s credit score is important. However, remember that creating new accounts for a client to add positive information to the credit report is not recommended. It is strictly prohibited under the credit repair laws, also known as the credit services organization act.
Errors in credit reports can be anything from simple typos to identity theft. That is why it is important to get full credit reports from different credit bureaus to compare. The easiest and best way to obtain full credit reports for clients is to use the Credit Money Machine Premium (CMMW).
Why Credit Money Machine Premium is the best credit repair software to get full credit reports for clients?
The CMMW software lets you get full credit reports from the three major bureaus in one click. In addition, you get data for the past two years. Equifax, Experian, and TransUnion results will be shown side by side for easy comparison.
The CMM software also detects errors and automatically marks them red. So you can easily see them. Moreover, the software lists all the creditors with their contact details. This list is helpful when you need to contact any of them in filing disputes.
This fast and easy way to pull a credit report for your clients enables you to: (1) save lots of time. (2) increase efficiency. (3) And ensures you have accurate information to file a dispute. This is important so you can spend more time on other business processes. Including marketing campaigns and growing your business.
Here’s a short video on how easy to get full credit report using the Credit Money Machine Software.
This one-click method to review a client’s credit record is just a small part of what Credit Money Machine software can do for your business. This program is complete credit repair software with all the tools needed to run a credit repair company. You may check about this powerful credit repair software.
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