Secret Hack To Remove ALL Charge Offs From Your Credit Report FAST!! (Step-By-Step) — Transcript

Full transcript

1. 0:00Welcome back to Success with Stephen. My
2. 0:02name is Steven Smith. On this channel,
3. 0:03we discuss all things financial
4. 0:05literacy. Today, I'll be discussing how
5. 0:07you can dispute a charge off from your
6. 0:09credit report when one bureau already
7. 0:11deleted it. If Experian, Equifax, or
8. 0:14TransUnion removed the charged off
9. 0:15account, the next question becomes very
10. 0:17simple. Why is the same charge off still
11. 0:20reporting on the other bureaus? In this
12. 0:22video, I'm going to show you how to use
13. 0:24one bureau's deletion as a strategy to
14. 0:26challenge the remaining bureaus and to
15. 0:28push the same charge off to be removed
16. 0:30everywhere else. To do this, you need to
17. 0:32understand why the account was deleted,
18. 0:35what changed, and how the other bureaus
19. 0:37are still reporting it, and how to build
20. 0:39your dispute around the inconsistency.
21. 0:41Because once one bureau deletes a charge
22. 0:43off, it can create a major reporting
23. 0:45problem for the other bureaus if they're
24. 0:47still showing inaccurate, incomplete,
25. 0:50outdated, or unverifiable information.
26. 0:53I'll show you what to look for, how to
27. 0:55compare all three reports, and how to
28. 0:57structure your disputes. And if you have
29. 0:59charge offs hurting your credit score
30. 1:00right now, you really want to pay close
31. 1:02attention because this could be the
32. 1:04exact strategy that helps you finish the
33. 1:06job. So, without further ado, let's get
34. 1:08right into the video. To begin, the
35. 1:10first thing I want you to do is go to
36. 1:12www.successwithstephvensmith.com.
37. 1:16The website has been revamped, so it may
38. 1:18be a little different for you to find
39. 1:20all of my products, but the first thing
40. 1:22that we're going to do is land on this
41. 1:24website. And then we're going to go to
42. 1:26free products right here at the very
43. 1:28top. And we're going to click on that.
44. 1:29What I want you to do is scroll down to
45. 1:31the very bottom and look for this exact
46. 1:33guide. It's going to be called follow
47. 1:36suit dispute letters guide. account
48. 1:38deleted by other bureaus. You're going
49. 1:39to click on that and then you're going
50. 1:41to add that to cart. Once you add that
51. 1:43to cart, all you have to do is check
52. 1:45out. It is completely free. You'll not
53. 1:47have to pay for this. Let's check out.
54. 1:49You will be asked to fill out some
55. 1:51details here, but the most important
56. 1:52thing is to enter your email address.
57. 1:54Once you do that and click on complete
58. 1:56order, this will be sent to your email.
59. 1:59You'll then get a confirmation order
60. 2:00that looks like this. And then you
61. 2:02should receive this at your email
62. 2:04address that you put for the order. And
63. 2:06then the download link will look like
64. 2:08this. And then you'll see that you can
65. 2:10click on it and the guide will be
66. 2:12available to you. You can just click
67. 2:13here on download now. All right. And
68. 2:15this is what it's going to look like. So
69. 2:17we're going to go through this step by
70. 2:19step in order for you to delete those
71. 2:21charge offs that have been deleted from
72. 2:23one of the major three credit bureaus.
73. 2:25And then it's very simple, guys. You use
74. 2:27this template when one credit bureau
75. 2:29deletes an account, but another bureau
76. 2:31keeps reporting the same one as
77. 2:33verified. So, if you have not had one
78. 2:35account deleted, go look at my previous
79. 2:38videos. There is a round one through
80. 2:40three process that you want to start
81. 2:42with the charge off before you'd
82. 2:43actually get to this point. Now, if you
83. 2:46follow that and you got it deleted,
84. 2:48great. Let's go ahead and get this
85. 2:50started. Now, I'm not going to go over
86. 2:52everything in this guide. Again, it's
87. 2:54for you. You guys have it already. But
88. 2:56there are some things that I do want to
89. 2:58point out. Like number one, this is very
90. 3:00important. A deletion from one bureau
91. 3:02does not automatically force every other
92. 3:05bureau to delete. What I mean by that is
93. 3:07you can't just simply say, "Hey,
94. 3:09Experian, TransUnion deleted this
95. 3:11account, so you should do the exact same
96. 3:12thing." That is not going to work. What
97. 3:14it does do is create a strong reason to
98. 3:17ask the reporting bureau for the exact
99. 3:19verification procedure and furnish your
100. 3:22contact details and documents used to
101. 3:24keep the account on your report. Okay?
102. 3:26That's exactly what we're going to be
103. 3:28doing here. Now, of course, if you've
104. 3:30already been disputing charge offs, I
105. 3:32expect you already know this, but you
106. 3:34should actually have a copy of your
107. 3:36current report, which I recommend that
108. 3:38you get from annualcreditreport.com.
109. 3:40Okay, that is going to be the most
110. 3:42accurate report that you can get. You
111. 3:44can download that once a week completely
112. 3:47free at the time of recording this
113. 3:48video. You want to, of course, have your
114. 3:50governmentissued ID, any prior dispute
115. 3:53letters or templates. You want to have
116. 3:55the deletion results from the other
117. 3:56bureaus. You want to also have your
118. 3:58proof of residency and then you also
119. 4:00want to have your identification
120. 4:02documents like your social and anything
121. 4:05else that you may be using. Now there
122. 4:06are two ways that you can send this
123. 4:08dispute. You can do option number one
124. 4:10which would be certified mail. You can
125. 4:12print this letter, you can sign it, you
126. 4:14can attach your supporting documentation
127. 4:17and you would send this directly to the
128. 4:19credit bureau that it corresponds to.
129. 4:21Option number two is to go to rising.com
130. 4:23which I will show you later in this
131. 4:25video. When you sign up for Rising,
132. 4:27you'll be able to actually send this
133. 4:29through the custom dispute template. You
134. 4:31can paste the letter in there and then
135. 4:33you can upload your documentation and
136. 4:35then you can send this certified mail.
137. 4:37Now, there's no option that's
138. 4:38necessarily better than the other.
139. 4:40Certified mail is always strong for
140. 4:42paper trails. Rising is just better when
141. 4:44you want a cleaner workflow. Okay? It
142. 4:46makes everything a lot easier for you to
143. 4:48keep track of all of this. All right,
144. 4:49now let's move on. Now, this will also
145. 4:52have the bureau addresses, but you can
146. 4:54like Google this. I'm sure if you've
147. 4:55been doing this by now, you probably
148. 4:57already have this information. If you
149. 4:59send this through Rising, you won't
150. 5:00actually need this. And then we're going
151. 5:02to talk about the strategy going
152. 5:04forward. Now, because everyone's charge
153. 5:06offs will be different. Okay? I need you
154. 5:08to actually pay attention to this part.
155. 5:10You want to compare all three reports,
156. 5:13right? Even the previous one from the
157. 5:15deleted account. You want to take a look
158. 5:17at what was on that account before it
159. 5:19got deleted. Look at the account name,
160. 5:21account number, the balance, the dates,
161. 5:23any remarks, the payment history. You
162. 5:25want to actually highlight whatever it's
163. 5:28showing on there and actually match that
164. 5:30with the current account. So, if they
165. 5:32have the exact same like reporting
166. 5:34information, you definitely want to
167. 5:36highlight that to show, hey, this
168. 5:37account was deleted, it was inaccurate,
169. 5:39and you're reporting the exact same
170. 5:41information. How is that? So, all right.
171. 5:43And you want to again reference that
172. 5:45deletion. You can ask for their
173. 5:47verification method as well. and then
174. 5:49demand the deletion of the account. So,
175. 5:52here is going to be your easy copy and
176. 5:55paste template. So, again, after this,
177. 5:57we'll go to rising.com. I'm going to
178. 5:59show you how you can just paste this in
179. 6:01and actually send it or you can just
180. 6:03fill this out and you can download it
181. 6:05and you can send this as a letter
182. 6:07certified mail. This also you can take
183. 6:09out, but it's just the name that I put
184. 6:11for follow suit, dispute, account
185. 6:13deleted by other bureaus. That's just
186. 6:15what I titled it, but you can take this
187. 6:16out. So to whom it may concern, I am
188. 6:19disputing the accuracy of the following
189. 6:21account. You would then put the account
190. 6:22name, the account number. This account
191. 6:24has already been deleted by other
192. 6:26reporting agencies after they determine
193. 6:29it could not be properly verified.
194. 6:31However, and insert the bureau that
195. 6:33you're talking to right now, Experian,
196. 6:35Equifax, or TransUnion, you continue to
197. 6:37report the account as verified. This
198. 6:40inconsistency raises questions about the
199. 6:42accuracy of your reinvestigation
200. 6:44process. under the Fair Credit Reporting
201. 6:46Act, FC. That's 15 USC subsection 611.
202. 6:51And again, you guys can just copy this.
203. 6:52You don't have to exactly know that. I
204. 6:54do have an option for you to download
205. 6:56the FC, the brand new revised version on
206. 6:59successwithstephvensmith.com
207. 7:01if you want that, but you don't have to
208. 7:03actually know this to heart.
209. 7:04Essentially, what this is saying is that
210. 7:06they are required to conduct a
211. 7:08reasonable investigation. And since
212. 7:10another bureau already did the exact
213. 7:12same thing, but their conclusion was to
214. 7:14delete the account. However, this one is
215. 7:16to the contrary, now we have to question
216. 7:18whether or not their investigation was
217. 7:20conducted reasonably. You also have 15
218. 7:22USC subsection 611 A6B and it requires
219. 7:26you to provide the description of the
220. 7:28procedure used to verify the accuracy
221. 7:31including the names, address, telephone
222. 7:33number and the information for the
223. 7:36furniture who was contacted as well as
224. 7:38prohibits furnishers from reporting
225. 7:40information they know should not be
226. 7:42reported because it is inaccurate. So
227. 7:45all we're doing is basically poking
228. 7:47holes in what they say that they already
229. 7:49did. That does not mean that this will
230. 7:50for sure turn out to be a deletion, but
231. 7:53it definitely will create a very strong
232. 7:55case. So, what we're doing is requesting
233. 7:57that they provide the documentation used
234. 7:59to verify this account along with the
235. 8:02furnishers's full contact details. And
236. 8:04if such documentation cannot be
237. 8:06produced, the account must be deleted
238. 8:09from your credit report immediately. And
239. 8:11of course, in the continued section, you
240. 8:13want to have a copy of driver's license,
241. 8:15proof of address, your uh social
242. 8:18security card. You also want to have a
243. 8:20copy of the previous investigation that
244. 8:22was conducted where they did not delete
245. 8:24this, but also have a picture or a
246. 8:26screenshot of the account being deleted
247. 8:28by the other credit bureau. Now, I'm
248. 8:30going to show you how to submit this
249. 8:32through Rising on the desktop. But
250. 8:34before we do that, if they delete it,
251. 8:36you want to save the deletion results.
252. 8:38You want to download your report and you
253. 8:41want to repeat this process for the very
254. 8:44last bureau. Okay? Show them not only
255. 8:46that it was deleted from let's say
256. 8:48Experian and TransUnion. Now Equifax,
257. 8:51everybody else came to the same
258. 8:53conclusion except you. That looks very
259. 8:55funny. All right. However, if they
260. 8:57verify it again, compare the response to
261. 9:00what you requested. If they did not
262. 9:02provide meaningful verification, then
263. 9:04you want to actually escalate this. You
264. 9:06want to say, "Hey, you actually did not
265. 9:08give me the information that was
266. 9:10requested in my previous dispute. I
267. 9:12previously asked you for," and you can
268. 9:14just um go back and reference what we
269. 9:16talked about in that template and say,
270. 9:18"I did not get that in 15 days. If you
271. 9:21do not provide me with this, I will
272. 9:23escalate this up to," and at that point,
273. 9:25like, you can only really go so many
274. 9:27places. You can either look at filing
275. 9:28suit or you can also look at like the
276. 9:30CFPB. that's another option for you. Or
277. 9:33you can look at the Better Business
278. 9:34Bureau or your uh attorney general,
279. 9:37anything like that. Those are all some
280. 9:38options that you can choose from. Now,
281. 9:40depending on how well this works, I'll
282. 9:42let you guys put in the comments if you
283. 9:44want me to make the next step above this
284. 9:47one. I can always update this guide and
285. 9:49I can make an additional video. Let me
286. 9:51know in the comments below. So,
287. 9:53currently we are on rising.com. If you
288. 9:56do not have an account, you'll want to
289. 9:57click on get started here. You'll then
290. 9:59be asked to enter your first name, last
291. 10:01name, your email address. You will
292. 10:03create a password, and then you want to
293. 10:05enter your current address or the
294. 10:08address that you have been at for the
295. 10:09last 6 months. If you don't do that, it
296. 10:11will be hard for them to identify you.
297. 10:14Now, once that is done and you click
298. 10:16agree, it's a $1 trial for 7 days. After
299. 10:19that, it goes to the regular price of
300. 10:21$39.99.
301. 10:23But once you click agree and continue,
302. 10:26you will then be brought to a page where
303. 10:27they may ask you some verification
304. 10:29questions. Once you do that, you will be
305. 10:31able to log into your account and your
306. 10:33login will be your email address and the
307. 10:36password that you created here. Now, you
308. 10:38can go back to the website and you can
309. 10:40click on login or you can actually go to
310. 10:42the mobile app either on the um Apple
311. 10:45App Store or Google Play Store,
312. 10:46whichever you prefer. But we're going to
313. 10:48click on login here. Now, once you get
314. 10:50to the member login, again, email,
315. 10:52password, you'll log in, and then we'll
316. 10:55go to the dispute hub. Now,
317. 10:56unfortunately, I don't really have an
318. 10:58account that I can use, but I'll
319. 10:59demonstrate exactly how you would submit
320. 11:01this step by step. Okay? So, the first
321. 11:03thing you would do is go to the dispute
322. 11:06hub or you would go to credit report
323. 11:08review cuz more than likely you'd want
324. 11:09to find the account. So, let's actually
325. 11:11start there and let's find an account
326. 11:13that I can use for an example. Now, I
327. 11:16just picked a random account that I had
328. 11:17that was closed. Now, of course, it says
329. 11:19here, "We didn't detect any issue with
330. 11:21this account." So, of course, it won't,
331. 11:23you know, just let me know that it's
332. 11:25negative. But you can click on start
333. 11:27your dispute. And then when you click on
334. 11:29start your dispute, you can actually
335. 11:30enter um the number of times that you
336. 11:32have previously disputed this account in
337. 11:34the past. I'm just going to click on
338. 11:36zero for this example. And then we'll
339. 11:37click on next. And then it'll ask you,
340. 11:39is the account not mine? Is the account
341. 11:41inaccurate? We're going to click on
342. 11:43inaccurate. And then we'll click on next
343. 11:45here. And then for the recommended
344. 11:47reason, let's click on other reason,
345. 11:49right? And let's uncheck this one cuz we
346. 11:51don't really need it. We want to put
347. 11:52something custom. We're going to scroll
348. 11:54down here. And then we're going to look
349. 11:55at custom to provide specific details.
350. 11:58And that's when we'll paste in the body
351. 12:00of our letter. Now, please rewrite the
352. 12:03letter slightly. Just change it. I don't
353. 12:05You could throw it in the chat, GPT, and
354. 12:06say, "Can you rewrite this in my own
355. 12:08words?" Something like that. But don't
356. 12:10use the exact same words verbatim.
357. 12:12Change it up a little bit. All right.
358. 12:14Then we're going to click on next.
359. 12:16You'll be able to go in there and see
360. 12:18all the information. Make sure that your
361. 12:20account details have actually been put
362. 12:22in. For me, again, an example. I did not
363. 12:24add it in here. For you, you definitely
364. 12:26want to do that. All right. So, the
365. 12:28dispute has been added to my drafts. I'm
366. 12:30then going to click on draft disputes.
367. 12:33We'll find the account here. And then
368. 12:35you can click on generate dispute
369. 12:37letters, right? Or you can just click on
370. 12:38the account here. So that way you can
371. 12:40actually like see the actual template
372. 12:42between all three of the bureaus. Now,
373. 12:45if this is not going to all three, then
374. 12:47you definitely want to go back and you
375. 12:49want to change it. Like you can change
376. 12:50whether it's going to TransUnion,
377. 12:52Experian, and Equifax. Um, if you just
378. 12:54wanted to go to, let's say, just the two
379. 12:56bureaus, but it'll automatically default
380. 12:58to all three. So if you need to change
381. 13:00it, go ahead and make those changes.
382. 13:02Now, I went ahead and clicked on
383. 13:04generate letters, and then you can click
384. 13:05on continue. Now, if you wanted to
385. 13:07actually view these letters from all
386. 13:09three bureaus, you could. And then
387. 13:11notice it'll have our TransUnion, that
388. 13:14PO box, dear TransUnion, and then it's
389. 13:16going to have the account information
390. 13:18here. And then it's going to have the
391. 13:20verbiage that we put in. All right. So,
392. 13:21that is perfect. We are all set to go.
393. 13:24Now, we're going to click on continue
394. 13:26here. And then, it's going to ask us how
395. 13:27we would like to send this. So, I prefer
396. 13:30certify, but it's up to you. You can
397. 13:32pick the option that is best, or you can
398. 13:34say, I'll mail it myself. That is going
399. 13:36to be free at no cost to you. And then
400. 13:38you'll click on continue. Now, this is
401. 13:40where you'll want to upload your photo
402. 13:42ID, your proof of address, your social,
403. 13:45your supporting evidence, right? And
404. 13:47your resolution attempts. I like that
405. 13:49one, too, because if you actually put
406. 13:51the attempts, you'll show all the
407. 13:52previous ones, right? Where I already
408. 13:54sent this. You can download the previous
409. 13:56ones from Rising that shows, hey, I sent
410. 13:59this and this is what happened. Crazy.
411. 14:02Okay. Um, and any any supporting
412. 14:03evidence like the deletion of the
413. 14:05previous accounts, you'll put that here.
414. 14:07Now, this should be fixed, but I did
415. 14:09have an option with supporting evidence
416. 14:11and resolution attempts, right? I I had
417. 14:14a little error right here. You may want
418. 14:15to actually save it as a JPEG file if it
419. 14:18has issues saving it as a PDF. All
420. 14:21right? If that does happen, use the
421. 14:23supporting evidence as a JPEG or PNG or
422. 14:25like a photo file and not a PDF if that
423. 14:28is not fixed already. And then you'll
424. 14:30click on continue after adding all those
425. 14:32documents. And then this information
426. 14:34will be blurred out because it's the
427. 14:36billing address and the card number, but
428. 14:38it'll have your payment information. You
429. 14:40can then check the box, agree, and check
430. 14:42out. And from there, you will actually
431. 14:45be able to see the tracking information
432. 14:47for this dispute. And then you will wait
433. 14:49for your bureau response. I want to
434. 14:51thank you guys so much for watching this
435. 14:52video. Hopefully this did help you. Let
436. 14:55me know in the comments below. And if
437. 14:57you do, I mean, I expect it to be like
438. 14:59at least like I would say like a week or
439. 15:01two. If you just like let me know like
440. 15:03two days from now, I'm going to know
441. 15:04obviously you didn't really do it. So,
442. 15:06let me really know how this worked out
443. 15:08for you because I can always like
444. 15:10improve the verbiage or go back and
445. 15:13maybe alter it or add that next step if
446. 15:15I see a lot of accounts are getting
447. 15:17verified. However, if a lot of accounts
448. 15:19are getting deleted, that is awesome.
449. 15:21Maybe I'll make this into like a round
450. 15:22four thing where I continuously talk
451. 15:24about it and something that we can use
452. 15:26as a step to delete charge offs once
453. 15:29they have been deleted from one bureau.
454. 15:31I would like to get more information.
455. 15:32That way I would know how well this is
456. 15:35actually working. Please like the video,
457. 15:37subscribe to the channel, and share this
458. 15:39with anybody who you think might need
459. 15:41this information. That really does help
460. 15:43the channel grow, and I truly appreciate
461. 15:45it. And as always, thank you so much for
462. 15:47watching and you guys have a wonderful
463. 15:50day.