Does Verbiage on My Credit Report "Account Information Disputed by Consumer" Affect My Credit Score?

Jul 13 2020 Published by under Uncategorized

There is a misnomer that exists when a consumer disputes an account on their credit report. The misconception is when the account shows in dispute status, that this does not affect the credit score. In fact, there are dozens and dozens of dispute narratives that are referred to as Persistent Narratives which means that they stay on even after the dispute is over. When these narratives are showing, this does not mean the system is bypassing the dispute so as not to affect the credit score but quite the contrary. When these are showing, the system actually includes these accounts in dispute as part of the overall equation. However, there is one exception.

Consumer Disputes – Reinvestigation in Process

The initial narrative that is placed on a consumers report when an account has been disputed is Consumer Disputes – Reinvestigation in Process. It’s only when this narrative is used that credit scoring systems bypass the account in dispute. However, it is important to note that the two narratives mentioned here are very easy to get confused but there is a big difference between them. Quite simply, one counts against you and the other does not. The initial narrative that is posted when a consumer files a dispute will only stay around until the dispute has been satisfied by the credit bureaus but while it is present, the account will not count against you. Once the bureau is satisfied that they have accomplished a satisfactory investigation, the narrative can be changed to Account Information Disputed by Consumer, at which point the account begins to count against your overall credit score. Another Persistent Narrative you may see is, Consumer Disputes-Says Belongs to Ex-Spouse.

Consumers may likely see a drop in the credit score once the initial narrative Consumer Disputes – Reinvestigation in Process, is removed. For an example, if a charge-off was being bypassed while it was in the initial dispute process however the initial dispute process is now over, the credit score will likely go down due to the fact that the charge-off is now fair game and being counted against you once again, even though you may still be in the process of challenging the account. There are occasions when the credit bureaus will allow a consumer to continue to dispute and account a number of times in succession, and allow for the initial narrative Consumer Disputes – Reinvestigation, to remain on the report. However in my experience from working with consumers on this issue, the bureaus will usually place a Persistent Narrative after the first or second attempt at disputing the account.

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Information About Rightful Compensation to Consumers in California Through Lemon Law

Jul 13 2020 Published by under Uncategorized

When you purchase a vehicle, how sure are you that it will conform to the warranty norms, and perform well? You trust the manufacturer to deliver.

At times, they do not live up to their promises, and we land up with a defective vehicle. Even with repeated repairs, the vehicle simply does not perform up to the mark. Lemon laws are made to protect the consumers, and California has in place a very strong lemon law, known as the Song-Beverly Consumer Warranty Act.

How to Classify a Vehicle as Lemon under California Lemon Law

If a vehicle, which is under warranty, goes for repair repeatedly, and if the dealer is unable to get it repaired properly, then it is considered to be a lemon vehicle. The number of times it is repaired can be more than once, and it depends on the gravity of the problem.

This law covers new as well as used vehicles in California. It is not so in many other states, where only new vehicles are covered.

You need to meet certain criteria to qualify for this.

  • The vehicle should be purchased from an authorized dealer in California
  • It can be used for personal and family needs
  • It can be used for business needs
  • It can be used by a corporation or a legal firm

California lemon law covers different types of vehicles, and the requirements vary in each case. You will need a legal expert or law attorney to deal with the case. When you seek help from an experienced lawyer to file your claim, he will handle all the case procedures, and negotiate with the manufacturer for the best settlement amount.

When you handle the claim yourself, it is likely that the manufacturer may simply try and delay the process, or even try to settle your claim for a smaller amount. Worse still, you may end up losing money and time. Under this law, lawyer’s fee is payable by the manufacturer, and so you need not worry about the extra expenses.

In most of the cases, settlement is made within a month or two with the help of an attorney. In rare cases, the negotiation fails, and the court settlement takes longer time. Buyback is applicable under lemon law, which means the manufacturer is made to refund your down payment, monthly installments, loan payment, and other procedural charges.

Law for all consumer goods

Other than vehicles, this law covers most of the consumer goods like, television, video camera, computer, monitor, refrigerator, which are used for personal and household purposes.

California lemon law is very strong, and is aimed at protecting the rights of the consumers.

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Consumer Debt Relief Program Information: What Kinds of Debts Can Consumers Get Help For?

Jul 13 2020 Published by under Uncategorized

Debt relief companies have been around for many decades in one form or another. Since there are so many frauds out there, you should always be careful when obtaining assistance from the “experts.” Sure, you might find a legitimate consumer debt relief program that charges fees, but you need to take the time to research that company and evaluate your own options to determine if it offers the right services for you.

There are numerous ways to deal with debt, including some DIY methods, but many people find themselves to be so tied up in their debts that they just want a company to help them get everything organized. If you feel that you are really behind on many payments and don’t know what to do, then it makes sense to just seek help from a company that does know how to help you get back on your feet again.

If your debts mostly involve credit cards, then it should be easier to get some relief. Here are the types of debts that relief programs usually offer to consumers:

• All major credit cards (MC, Discover, Visa, AMEX, etc.)

• Department store cards (PayPal, GAP, Sears, Walmart, etc.)

• Gas cards

• Most bank loans from prior banks

• Unsecured personal loans

• Installment loans

• Bad rent (if you are no longer the resident)

• Business debts (if the business has already closed down)

• Old cell phone bills (not current)

Consumer Debt Relief Program Consultation

Not every single one of these is going to be offered by every single consumer debt relief program, and some companies might even be able to help you with more.

When getting a free consultation, the company should let you know which option(s) might be best for you. For instance, a consolidation loan is usually a good idea for those who will benefit from just paying one, single bill each month instead of dozens, even though the interest on the consolidation loan itself might not be low.

Credit counseling is almost always a good idea, since you’ll have a professional who can advise you on the best way to handle your particular credit problems. If the creditors find out that you have enrolled in a counseling, management, or repayment plan, they might be willing to give you a bit of a break. However, your credit score might take a hit.

Get answers to all of your problems by getting a consultation with CuraDebt: the #1 consumer debt relief program. Get a free consultation on how much can potentially save and what the best strategy would be for your financial situation.

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Monitored Or Non-Monitored Senior Medical Alert Systems? An Interested Consumer’s Information Guide

Jul 13 2020 Published by under Uncategorized

For seniors or perhaps the handicapped who dwell on their own, medical alert systems are valuable devices which can help them. These systems and devices function by enabling the consumer to summon support through pressing a button. We have all heard about cases of elderly people falling and hurting themselves, sometimes even breaking their hips.

Whatever the emergency circumstance may be, if they’re unable to get back up, or if they are immobilized in any way, they need to call for help. Having a platform similar to this installed in the home, they will be in a position to set-off an alarm simply. For this function, a person would probably come to see that personal emergency medical alarm systems to be very beneficial.

Medical alert systems consists of a pendant or maybe a panic button that is certainly attached to the body and a medical alert base console that triggers an alarm whenever brought on. The pendant or the push button may be pressed by the senior if she feels she is in danger.

There are 2 main kinds of emergency medical alert systems specifically: monitored and non-monitored. On the one hand, monitored elderly emergency medical alarm systems are the sort of senior medical alert systems in which the device contacts a live agent that will speak to the senior. The operator usually conducts a brief interview in a friendly manner about the customer’s circumstances.

The operator will then be the person to request for the emergency situation response for the sake of the user. They will call another person on the responder list of the elderly user or emergency health help. In contrast, non-monitored systems is set to automatically dial a series of phone numbers once an alert has been issued. There is no live dispatcher as an intermediary.

Non-Monitored Medical Alert Systems Have No Monthly Fees

Non-monitored system typically has an one-time only fee for the scheme equipment rather than month-to-month costs. So in relation to value, non-monitored elderly medical alarm systems will be the better choice. Be aware that there could be instances where all contact list members being contacted are unavailable to respond without delay. This could prolong the danger to the parent. Monitored elderly home medical alarm systems would offer a more competent reaction to a bad situation.

There is an additional advantage is that talking with a call center dispatcher. The end user may feel more confident since there is an additional individual who’s cognizant of his or her predicament and obtaining help on their behalf. On the flip side, quite a few seniors could be uncomfortable speaking with an individual they may not be acquainted with. They might prefer to be automatically connected with their kids or alternatively a relative.

If you’re looking for a good home medical alert system pertaining to your needs, take time to study different elderly emergency medical alarm system testimonials. In case the concept of monitored or non-monitored home medical alert systems for the elderly intrigues you, you can get more information. Review carefully the many benefits and features offered.

Consider carefully the various product or service benefits provided. If you’re not the end customer, be sure to speak to the product user and know very well what his or her choices might be. That may insure that the overall consumer experience will be ideal.

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