Never Before Seen Secrets to Credit Repair
Because credit reporting agencies get so many dispute letters every single day – hundreds of thousands – they wanted to come up with a way to keep up with the consumer complaints. But not only to keep up the pace on all those incoming letters, but they really needed a system to process them as well.
And because the credit bureaus’ response time is restricted only to 30-45 days (depending on how the consumer retrieved their credit reports), they really needed a speedy route to react to these consumers’ disputes. As a result, they created 2 computerized methods to carry out this mission.
he OCR software will instantly determine if it could be further processed through e-Oscar to the company reporting the incorrect data or classified as senseless and basically put into the waste basket. If the OCR machine establishes that the dispute letter is unique enough to be processed, the next automated machine kicks in – e-OSCAR – but if not, you’ve just wasted your time and energy.
A credit score range depends on a variety of factors. Generally, the elements of a credit score include the value of the debt owed, the number of late payments, the number of accounts and public records. Your credit history will determine the score you have on your report. It is important to note that credit scores change over a period of time. Your current repayments and efforts to settle your debts will also be taken into account.
The weighting system is used to determine credit scores. We shall not dwell much on the system because it is a scientific method that can only be understood by mathematicians. However, erratic payments are the main factor used in arriving at a credit score. If you have a history of erratic payments, you must improve your payment behavior.
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