Am I a Real Credit Damage Victim?
Your answers to these questions will help you know if your credit is damaged due to someone else doing something that hurt your credit.
What is Injury? Injury or Damage - is a change for the worse to your situation.
Your life before the change is called pre-injury, and after the change is post-injury.
Most people think it is something that makes you go to the doctor, or go to a repair shop, like in a car accident, or a slip and fall.
Your money or credit reputation can also be injured or damaged.
There can be many ways for your credit to be damaged by someone else: Accident - personal injury - slip & fall, car accident, Bill Collector Abuse - even if you owe money, you have rights to be protected Breach of Contract - insurance company not doing what you paid them to do Credit Report Mistakes - by the credit bureau Credit Reporting Mistakes - by the lender Divorce - you know what that is Fraud - could be identity theft, could be someone lying to you Real Estate transaction Privacy Violations and more...
Pre-injury credit does not have to be perfect.
Is here enough credit in use at the time of the injury to make a before and after comparison of credit use: Do you have and use credit cards? How many and what is the combined credit limit - at least $10,000? What year did you start to use credit? Do you have a car loan? If so, what was the original loan amount - at least $10,000? What year did you get the car loan? Do you have a mortgage? If so, what is the original amount? In what year did you get the mortgage? How much is the second mortgage or home equity loan also? Any other types of loans or business guarantees? How much? Are you a co-signer on any loans - how much? How was the credit was damaged? About income: Have you missed at least 4 pay checks causing late or missed payments causing any account closure or charge off, referral to a bill collector, bankruptcy, foreclosure, repossession, or any other adverse event because of the injury? Remember, pre-injury credit does NOT have to be perfect to be compensated.
Collect the evidence.
Save the proof of the damage - monthly statements, any financial notices including Bill Collection Notices, Notice of Denial, Notice of Cancellation, Notices of Rate Adjustment, etc.
Having these documents collected in advance will be more efficient than going through the 'archives'.
Get the Right kind of Credit Report.
The right kind of credit report is only available from a lender, your mortgage company or banker.
Ask the lender for their Pre-Qualifier service.
The kind that you can buy on the internet, or get for free or for a few dollars directly from any of the credit bureaus is the wrong kind of report.
It is a Consumer Disclosure Report, not a real credit report.
Several studies show that the information difference between a Consumer Disclosure Report and a Subscriber Credit Report can be up to 44% - so almost half of the information missing in a Consumer Disclosure Report can only be found in a Subscriber Credit Report.
Each credit bureau has a unique list of subscribers, and not all information is the same in each credit report.
That's why it is important to get a tri-merged Subscriber Credit Report, to be sure you get complete information.
Track the Damage.
New information is added to credit file about every 30 to 45 days.
Before submitting an 'incomplete' damage demand, review the damage status revealed in the credit reports, so you don't leave thousands of dollars unpaid.
Tell the Attorney: Major damage actions may only appear in the credit report many weeks after their occurrence - such as Vehicle Repossession, Unlawful Detainer Notice, Notice of Foreclosure, Liens, judgments, etc.
Notify your attorney immediately as any of these happen, by sending copies of the paperwork to the law office.
Keep a diary of the stressful or embarrassing experiences - denial of a credit card charge at the grocery store or gas station, or while out with friends or family at a restaurant or other event.
Loss of credit card capacity may cause denial of an important trip or other lifestyle erosion causing compensable emotional distress.
Recognize the impact of credit damage by completing the credit damage intake form.
If there is an indication of credit damage, the credit damage score finder will give you a score, which indicates the extent of credit damage and will suggest the necessary steps you need to take to be compensated for credit damage.
What is Injury? Injury or Damage - is a change for the worse to your situation.
Your life before the change is called pre-injury, and after the change is post-injury.
Most people think it is something that makes you go to the doctor, or go to a repair shop, like in a car accident, or a slip and fall.
Your money or credit reputation can also be injured or damaged.
There can be many ways for your credit to be damaged by someone else: Accident - personal injury - slip & fall, car accident, Bill Collector Abuse - even if you owe money, you have rights to be protected Breach of Contract - insurance company not doing what you paid them to do Credit Report Mistakes - by the credit bureau Credit Reporting Mistakes - by the lender Divorce - you know what that is Fraud - could be identity theft, could be someone lying to you Real Estate transaction Privacy Violations and more...
Pre-injury credit does not have to be perfect.
Is here enough credit in use at the time of the injury to make a before and after comparison of credit use: Do you have and use credit cards? How many and what is the combined credit limit - at least $10,000? What year did you start to use credit? Do you have a car loan? If so, what was the original loan amount - at least $10,000? What year did you get the car loan? Do you have a mortgage? If so, what is the original amount? In what year did you get the mortgage? How much is the second mortgage or home equity loan also? Any other types of loans or business guarantees? How much? Are you a co-signer on any loans - how much? How was the credit was damaged? About income: Have you missed at least 4 pay checks causing late or missed payments causing any account closure or charge off, referral to a bill collector, bankruptcy, foreclosure, repossession, or any other adverse event because of the injury? Remember, pre-injury credit does NOT have to be perfect to be compensated.
Collect the evidence.
Save the proof of the damage - monthly statements, any financial notices including Bill Collection Notices, Notice of Denial, Notice of Cancellation, Notices of Rate Adjustment, etc.
Having these documents collected in advance will be more efficient than going through the 'archives'.
Get the Right kind of Credit Report.
The right kind of credit report is only available from a lender, your mortgage company or banker.
Ask the lender for their Pre-Qualifier service.
The kind that you can buy on the internet, or get for free or for a few dollars directly from any of the credit bureaus is the wrong kind of report.
It is a Consumer Disclosure Report, not a real credit report.
Several studies show that the information difference between a Consumer Disclosure Report and a Subscriber Credit Report can be up to 44% - so almost half of the information missing in a Consumer Disclosure Report can only be found in a Subscriber Credit Report.
Each credit bureau has a unique list of subscribers, and not all information is the same in each credit report.
That's why it is important to get a tri-merged Subscriber Credit Report, to be sure you get complete information.
Track the Damage.
New information is added to credit file about every 30 to 45 days.
Before submitting an 'incomplete' damage demand, review the damage status revealed in the credit reports, so you don't leave thousands of dollars unpaid.
Tell the Attorney: Major damage actions may only appear in the credit report many weeks after their occurrence - such as Vehicle Repossession, Unlawful Detainer Notice, Notice of Foreclosure, Liens, judgments, etc.
Notify your attorney immediately as any of these happen, by sending copies of the paperwork to the law office.
Keep a diary of the stressful or embarrassing experiences - denial of a credit card charge at the grocery store or gas station, or while out with friends or family at a restaurant or other event.
Loss of credit card capacity may cause denial of an important trip or other lifestyle erosion causing compensable emotional distress.
Recognize the impact of credit damage by completing the credit damage intake form.
If there is an indication of credit damage, the credit damage score finder will give you a score, which indicates the extent of credit damage and will suggest the necessary steps you need to take to be compensated for credit damage.
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