Credit Repair Defaults
By Jonathan Cheong, Thu Dec 8th

If you have defaults on your credit record, it is possible tohave some of them removed. Defaults are non-payments recorded onyour credit files. When a person is in default, they aresubjected to lawsuits, liens, judgments, and other complicatedsituations.

If you are a student struggling to pay student loans, a renterstruggling to meet monthly bills, or a homeowner battling tostay out of debt you might want to know what is available toyou.

If you have a college loan, which means you have a loan from thegovernment you can ask for a default, which gives, you time torepay the loan. Other types of defaults include insurancepolicies, bills, car loans, personal loans, and other types ofcredit lines.

Sometimes we are subject to debts that may not be ours. Thereare thousands of collection agencies and credit reportingservices throughout the US. Sometimes there are errors sent tothe credit bureaus that put the default on your credit file.Once the default goes on your credit file it remains there untilthe bill is paid in full.

Now, if you did not make the purchase the first thing you wantto do is file a dispute. The problem however, defaults remain onyour credit file for a period of time before they are removed.The upside is fighting for your rights and disputing theallegations made against you are telling creditors that someboo-booed.

If either you have credit cards and purchased an item or serviceon the card and the service or item was defeated, you must firstdispute the problem with the providers. After you have disputedthe issues with the providers, you will next contact your creditcard lender and inform them of the defaults on your creditreport.

DO NOT pay on items or services that done you wrong, since thismeans the creditors will view you in a different light.

If you have, insurance policies are delinquent on your bills,you might loose your coverage, however in some cases you mightbe in more trouble than you realize. Read all terms & agreementsas well as any other fine prints before

obligating your self toa contract.

If there is a default against you on your policy contact yourprovider immediately and try to work out a plan. By makingcontact, you could save your insurance as well as additionaldebts added to your accounts. Anyone that lends you a line ofcreditor subjects you to defaults if you cannot make payments.If you have defaults on your credit files make sure that youwork to pay the debts down to avoid complications.

Identity Theft

Now here comes the bad deal when it comes to dealing withdefaults on your credit file. If you are subjected to identitytheft, the ultimate resource is to continue fighting for yourrights. People are robbed, beaten, murdered, and violated and soon every single day.

The difference between these situations and identity theft isthese people are survivors and identity theft victims arevictims for the remainder of their lives. I can say this withconfidence, since it has been seven long years since I wasrobbed of my identity and today I am still fighting for myrights.

Today I cannot get an apartment in my name, nor can I getcredit. The reason...My credit file has Freud Alert written allover it. Once a Freud Alert is posted on your credit, file itleaves creditors open as to who committed the crime. If I hadknown about the FREEZE option when I sent letters notifying mycreditors that my identity was stolen, I would have had a muchbetter chance in life. Instead, no one told me.

Now I am passing the word on to others, since I never wantanyone to suffer as I have as a result of identity theft. Whenyour identity is stolen, defaults hit your credit filescontinuously and remain there until the time allowed.

If you are a victim of identity theft, make sure that you askthe credit bureaus to put a FREEZE on your accounts. This tellsthe creditors that you are a victim.

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