Credit Repair Secrets
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. E-Oscar, on the other hand was made to process those dispute letters. Designed and created by the credit bureaus themselves, both the e-Oscar and OCR technologies were made to speed the process in replying to dispute letters. But unfortunately, automated systems don’t always work with the best intentions of the customer. So, what is a good credit score? Every lender and borrower is concerned about credit scores. You can check your credit score with your bank or creditor. In the US, credit scores range from a rock bottom 300 to a sky high 850. If you are well above the middle, then you have a good credit score. To be a little more specific in what is a good credit score, anything above a 700 is considered good credit score. A score tells a lot about your financial management skills. We have to assert that it should be real human beings who should be processing the information about our financial records and disputes because unfortunately, these super machines are just that - machines, and they don’t always grasp the complete concept of our what our disputes letters are about. Most would agree that it’s totally cruel to consumers when credit agencies do not follow through on their obligations to hard working, good citizens like yourself as commanded by law. |