Sam Sams's (moorecredit) Blog

This was very confusing to me when I first started in this industry. Lets say you have an account that is in collections. You want it off the report and you look at the DLA on the tri-merge mortgage report. You determine that it has two years left to stay on the report but your customer tells you...

APThursday February 28, 2:02 pm ET By Dan Caterinicchia, AP Business Writer Congress Urged to Boost Investor Confidence Before Housing Slump Fallout Goes Commercial WASHINGTON (AP) -- To insulate commercial real estate from a still-crumbling housing market, investors need a confidence boost and C...

APFed Ready to Cut Interest Rates AgainWednesday February 27, 3:28 pm ET By Jeannine Aversa, AP Economics Writer Bernanke Says Fed's Priority Is Shoring Up the Economy, Pledges to Cut Interest Rates WASHINGTON (AP) -- The Federal Reserve is ready to lower interest rates again to brace the wobbly ...

Deragitory's! We have all seen them time and time again. I can't tell you how many times a day I hear "But I paid that off last year. The collection company said it would not be negative on my credit report anymore." Fact is when you pay a derogatory it becomes a paid derogatory on your credit re...

Is this ever going to come to an end?This was a news release today from WFAA.Thousands of homeowners in North Texas have lost their homes to foreclosure. In Dallas County, more than 18,000 foreclosures are on the market. Nearly 14,000 foreclosures are posted in Tarrant County.I guess Texas is fin...

Every see the little black fish in the bottom of the aquarium eating the scum off of the bottom of the tank. Hummmmm. Well just remember these people are typical Michael Vick. If they can get away with it they will break the rules. They know the rules but prey on the public that is not aware. I a...

One of the applicable laws for credit restoration that is seldom stated is "The Fair and Accurate Credit Transactions Act (FACTA). This law is used primarily dealing with fraud. It establishes processes for investigating indenty theft, filling out fraud affidavits, and adding fraud alerts to bure...

I honestly think my head is going to explode. There are only 10 thousand credit repair companies in the world today. Who's is legitimate? Who is a crook? How do I know I am sending my client to a reputable and honest company. If the government would get off of there butt's and make these companie...

This is one of the largest problems we face. "My spouse is supposed to keep this up to date and he didn't so its not supposed to be on my credit report!" Fact is in almost all cases contract law supersedes judgements. You and your spouse had a binding contract with the car dealership and because ...

How are these collections on a credit report from 1996?  This is the biggest scam of all scam's and it is actually legal. I see things on credit reports today from 1992. Simple medical bills or cell phone bills. What the heck happened to the 7 year rule or should I say myth?A creditor sells the d...