Credit Repair for 2012..... Newest Guidelines for Securing a Mortgage - Part 2

Credit Repositories

Experian                                      Equifax                                     Trans Union

P. O. Box 2002                         P.O. Box 740241                         P.O. Box 1000

Allen, TX 75013                      Atlanta , GA 30374-0241             Chester, PA 19022

Tel: 888-397-3742                  Tel. 800-685-1111                        Tel. 800-888-4213

www.experian.com                         www.equifax.com                                www.transunion.com                  

Examples of acceptable documentation include:

oCreditor Letters - must include ALL of the following:

-Letterhead of the creditor

-Account number

-Consumer's name

-Creditor contact name and phone number

-An explanation explicitly stating what needs to be done with the account

oProperly recorded public records such as:

-Certified satisfaction of judgment from the court

-Certified tax lien release from the IRS

-Certified bankruptcy discharge papers from the court

-Any other legal documents that may support the borrower's claim

-Other written correspondence with contact name

Examples of documents that they will not accept:

oCanceled checks

oReceipts for money orders

oAccount Statements

oHand-written letters

oThird party documentation

To BUY a home in today's market meeting with your lender first will save you and your Realtor time and give you the competitive edge you will need to have an acceptable offer.