we're not your average f##king nonprofit™
American advocacy with the balls to tell it like it is and never like it ain't.
What our visitors are saying about our advocacy
What our visitors are saying about our advocacy
“
”
Know your rights before you take the first step
Know your rights before you take the first step
1-786-307-3585
1-786-307-3585
- Chairman & Founder
Are you MortgageReady?
Are you MortgageReady?
Introducing a specialized credit repair service coded specifically for nearly ready home buying clients. Owned and operated by our consumer advocates.
For more information visit at www.creditreadymortgage.com
Change is good. So is saving money.
Change is good. So is saving money.
don't pay more, get more. We guarantee it.
don't pay more, get more. We guarantee it.
What our visitors are saying about our advocacy
What our visitors are saying about our advocacy
“
Richard H. USMC - Miami, FL, Client since 2018
”
60 Minutes investigates the top 3 credit reporting bureaus
60 Minutes investigates the top 3 credit reporting bureaus
The Federal Trade Commission; The Consumers Advocate
The Federal Trade Commission; The Consumers Advocate
In the news...
The CFPB files suit against Lexington law & CreditRepair.com for a whole host of illegal shit.
In the news...
The CFPB files suit against Lexington law & CreditRepair.com for a whole host of illegal shit.
Two years ago, we mentioned on our blog that Lexington law was using spoof referral sites to redirect traffic to their company. Turns out it went further than that. Apparently double billing, CROA violating upfront payments, failure to allow timely cancelations, the 4,000+ horrible reviews and slow walking files was the least of it. These guys are about to get fucked with a whale dick. Read the full story and get hip. As for these sons of bitches, fuck 'em.
Are you a reliable revolver or a deplorable deadbeat?
Are you a reliable revolver or a deplorable deadbeat?
Before you answer this question, take a look at some of the videos below. you'll never see the value of those words the same again.
Before you answer this question, take a look at some of the videos below. you'll never see the value of those words the same again.
Perhaps the best documentary on credit
Perhaps the best documentary on credit
This is the video I always recommend for everyone to watch. It basically goes behind the façade of financial companies that spend billions of dollars to appear "legitimate", "family orientated", "helpful", "etc." all with the intent to keep one locked into the perpetual debt machine.
C.F.P.B. sues Navient over Student Loans
C.F.P.B. sues Navient over Student Loans
The Consumer financial protection Bureau sues the student loan giant over negligently servicing student loans. Those stuck with Navient as their service provider and looking to learn more should contact the CFPB or an attorney for more information
we do more to link our visitors to consumer protection organizations and provide more concise information than any competitor in the industry.
click on any of the seals below to go directly to the sites
we do more to link our visitors to consumer protection organizations and provide more concise information than any competitor in the industry.
click on any of the seals below to go directly to the sites
Click this text to start editing. This block is a basic combination of a title and a paragraph. Use it to welcome visitors to your website, or explain a product or service without using an image. Try keeping the paragraph short and breaking off the text-only areas of your page to keep your website interesting to visitors.
Click this text to start editing. This simple title and text block is great for welcome or explanatory text. When writing, try to keep things down to a few lines at a time. Break up your content into different blocks to keep your page interesting.
Click this text to start editing. This simple title and text block is great for welcome or explanatory text. When writing, try to keep things down to a few lines at a time. Break up your content into different blocks to keep your page interesting.
Did you know?
Did you know?
You have the right to know what's in your file. You may request and obtain all the information about you in any file held by a consumer reporting bureau("Your file disclosure"). You will be required to provide proper identification including a social security number. Most disclosures are free. You are entitled to a free file disclosure if: A person has taken adverse action against your person/a business entity because of information contained in a credit report; you are a victim of identity theft and have initiated a fraud alert on your file; your file contains false information due to identity theft of fraud;you are on public assistance; you are unemployed but expect to apply for unemployment within 60 days.
All consumers are entitled to one free disclosure every 12 months upon request from each of the top 3 credit reporting bureaus, nationally. You may visit www.consumerfinance.gov/learnmore or www.annualcreditreport.com for more information.
You have the right to ask for a credit score. Credit scores are numerical summaries which quantify your credit worthiness based on information culled from credit reporting bureaus. You may request a credit score from consumer reporting bureaus that create scores or distribute scores used in residential/real property loans, but you will have to pay for it. In some mortgage transactions, you may receive credit score information for free from the mortgage lender.
You have the right to dispute incomplete or inaccurate information. if you identify information on your file(s) that is incomplete or inaccurate and report it to the consumer reporting bureaus, the bureaus must investigate.
Consumer reporting bureaus must correct or delete inaccurate, incomplete, or unverifiable information. Inaccurate, incomplete or unverifiable information must be removed or corrected, usually within 30 days. However, a consumer reporting bureau may continue to report information it has verified as accurate.
Consumer reporting bureaus may not report outdated negative information. In many, if not most cases a consumer reporting bureau may not report negative information that is more than 7 years old, or bankruptcies that are more than 10 years old.
Access to your file is limited. A consumer reporting bureau may provide information about you to people with a valid need—usually to consider an application with a creditor, insurer, employer, landlord or other business.
You must give consent for consent to be provided to employers. A consumer reporting bureau may not give out information about you to your employer, or a potential employer without you written consent given to the employer in question. Some industries are exempt from this.
You may limit "prescreened" offers of credit and insurance you get based on information in your credit report. Unsolicited "prescreened" offers for credit and insurance must include toll-free telephone numbers where you can call and opt to remove yourself your name and address from lists these offers are based upon. You may opt out with the nationwide credit bureaus at:
1-888-5optout (1-888-567-8688)
You may seek damages from violators. If a consumer reporting bureau, or in some instances, a user of consumer reports or a furnisher of information to a consumer reporting bureau violates the FCRA, you may be able to sue in state or federal court.
Identity theft victims and active-duty military personnel have additional rights. For more information please visit; www.consumerfinance.gov/learnmore
States may also enforce the FCRA, and many states have their own consumer reporting laws. In some cases, you may have more rights under state law. For more information on your rights contact your State Attorneys General.
What our customers are saying
What our customers are saying
“
By far is the best no-nonsense company in the business. I have never wrote a review for any company but I feel obligated and proud to write a review on this company. Not only will Antonio work late hours but has always made himself available to answer any questions. This guy is resilient and genuinely cares about getting the best results for you no matter your scenario. A Clean Slate Credit Consultants recognizes military service veterans and has always Thanked me for my service. Hands down the best in business! Lastly, if you are searching for credit repair companies like I did for many years that advertise through search engines then you are wasting your money. The business model is to get you to pay $100 or more monthly to only dispute a selected few items with minimum impact to string you along. A Clean Slate will not bullshit you. If it is something, you can do then he will tell
you that what to do and how to do it and will not charge a dime. So if you are looking for a credit repair company; I highly recommend this company! After all what credit repair company will give you free advice and what company has a better price point? Find 1. I dare you.
If you are a Vet - Look no further!
If you are serious about your credit - Look no further
If you want a good company to assist you- Look no further
Cory L. USAF Vet, GA. - Client since 2018
”
Credit Report annotations & definitions
Credit Report annotations & definitions
This section will address the common annotations in a consumers credit file, what they mean and what they definitely don't mean. Material is sourced and cited, our colorful wording not withstanding.
This section will address the common annotations in a consumers credit file, what they mean and what they definitely don't mean. Material is sourced and cited, our colorful wording not withstanding.
Charge Off
Charge Off
Oct 10
Accounts marked "Charge Off" means an account is closed for use by the lender. The debt is still owed. Accounts which are charged off will continue reporting and continue to be collectable. paid accounts will usually be marked "Paid charge off".
Accounts marked "Charge Off" means an account is closed for use by the lender. The debt is still owed. Accounts which are charged off will continue reporting and continue to be collectable. paid accounts will usually be marked "Paid charge off".
Source: Experian
Written Off
Written Off
Oct 10
Accounts marked "Written Off" means the same thing as "Charged Off". Like the former, it denoted an account which is seriously delinquent and the lender has given up being paid for it. Given up is not a euphemism for "Fuck it, let the guy off the hook", you still owe on it. the annotation is for their record keeping only and does nothing to remove the debt.
Accounts marked "Written Off" means the same thing as "Charged Off". Like the former, it denoted an account which is seriously delinquent and the lender has given up being paid for it. Given up is not a euphemism for "Fuck it, let the guy off the hook", you still owe on it. the annotation is for their record keeping only and does nothing to remove the debt.
Source: Experian
Balance Chasing
Balance Chasing
Oct 10
Accounts will never be marked "Balance Chased", they simply may be Balance Chased. This happens when a bank (i.e. Lender) limits the amount of available credit on a specific card/loan. Sometimes this is seen, when a person fails to meet the obligation of a repayment on a balance. When a person renegs on a debt for whatever reason, its common to see banks do this to other accounts, even though the bank may be different from the one reporting the delinquency.
Accounts will never be marked "Balance Chased", they simply may be Balance Chased. This happens when a bank (i.e. Lender) limits the amount of available credit on a specific card/loan. Sometimes this is seen, when a person fails to meet the obligation of a repayment on a balance. When a person renegs on a debt for whatever reason, its common to see banks do this to other accounts, even though the bank may be different from the one reporting the delinquency.
Source: Investopedia
Garnishment
Garnishment
Oct 10
Awarded by a court, a Garnishment is basically a court order that a lender receives to obtain money from a borrower, by seeking relief from the employer of the borrower. It is not supposed to show up on a credit report (if it does, you have grounds for dispute) and is not supposed to impact the credit score either way. Garnishment can be achieved by court order and this typically happens when one is sued or otherwise issued a court appearance.
Awarded by a court, a Garnishment is basically a court order that a lender receives to obtain money from a borrower, by seeking relief from the employer of the borrower. It is not supposed to show up on a credit report (if it does, you have grounds for dispute) and is not supposed to impact the credit score either way. Garnishment can be achieved by court order and this typically happens when one is sued or otherwise issued a court appearance.
Source: TheStreet
Time Barred
Time Barred
Oct 10
Accounts seldom show an annotation for "Time Barred" debts. It's up to each person with debt to read up on the State Statute of their particular state to see when the Statute takes effect. Time barred accounts means a debt is not enforceable any longer, because the statute of limitations for its garnishment/legal remedy has expired. Don't expect a collector to tell you about time barred debts, it isn't in their interest to do so and "obligation to inform consumer" is a term they don't understand, much like I don't understand what "No Double Parking" means. It has been suggested that some lenders consider the debt to apply to their state of incorporation, since the greivance originated in their state and not the borrowers (depending which State has a longer Statute). this is also known as a pissing competition, hire a lawyer if you need more clarity. Most consult for free.
Accounts seldom show an annotation for "Time Barred" debts. It's up to each person with debt to read up on the State Statute of their particular state to see when the Statute takes effect. Time barred accounts means a debt is not enforceable any longer, because the statute of limitations for its garnishment/legal remedy has expired. Don't expect a collector to tell you about time barred debts, it isn't in their interest to do so and "obligation to inform consumer" is a term they don't understand, much like I don't understand what "No Double Parking" means. It has been suggested that some lenders consider the debt to apply to their state of incorporation, since the greivance originated in their state and not the borrowers (depending which State has a longer Statute). this is also known as a pissing competition, hire a lawyer if you need more clarity. Most consult for free.
Source: Federal Trade Commission filtered through our minds.
Reversed Charge Off
Reversed Charge Off
Oct 10
A "Reversed Charge Off" is a wet dream, nevertheless the bloggers at Sapling, make an argument for the reversal of a charge off. The only way to get it removed is to ask nicely (a la pretty please with sugar on top version) and have the reporting agency or lender to tell one of, or all of the CRA's that the debt is no longer considered charged off. In my considered opinion there is time better spent in watching paint dry, or going deep sea fishing with a golf club and whacking random fish that swim up to say hello. The chances of this are slim to fucking none, but to each his/her own.
I've seen weirder shit.
A "Reversed Charge Off" is a wet dream, nevertheless the bloggers at Sapling, make an argument for the reversal of a charge off. The only way to get it removed is to ask nicely (a la pretty please with sugar on top version) and have the reporting agency or lender to tell one of, or all of the CRA's that the debt is no longer considered charged off. In my considered opinion there is time better spent in watching paint dry, or going deep sea fishing with a golf club and whacking random fish that swim up to say hello. The chances of this are slim to fucking none, but to each his/her own.
I've seen weirder shit.
Source: Sapling and filtered through our what-the-fuck-o-meter.
Delinquent
Delinquent
Oct 10
Ever seen a file marked "delinquent" and wonder to yourself what the hell this means? Before you get riled, start mumbling to yourself and getting ready to cuss someone out, this is what you should know: don't take it personal. Delinquent on a credit report doesn't mean you're out boosting cars or vandalizing a business, it just means you've missed a payment beyond 30 days. The account is delinquent, you personally are not (I mean you may be a delinquent right, but that's not why its there. Anyway, lets move on). Accounts don't automatically get slated delinquent for being a few days late, they wont report lateness unless it generally exceeds 60 days late. That's all it means.
Ever seen a file marked "delinquent" and wonder to yourself what the hell this means? Before you get riled, start mumbling to yourself and getting ready to cuss someone out, this is what you should know: don't take it personal. Delinquent on a credit report doesn't mean you're out boosting cars or vandalizing a business, it just means you've missed a payment beyond 30 days. The account is delinquent, you personally are not (I mean you may be a delinquent right, but that's not why its there. Anyway, lets move on). Accounts don't automatically get slated delinquent for being a few days late, they wont report lateness unless it generally exceeds 60 days late. That's all it means.
Source: Investopedia
Bankruptcy
Bankruptcy
Oct 10
"Bankruptcy" is a word with its origins in Italian for "Banca rotta" literally, broken bench, on account that money lenders worked from tables with benches. When they ran out of money, the bench would be broken and he couldn't lend anymore cash.
I mean, where's the guy gonna sit? On the floor? In the broken bench with splinters up his ass? have you ever dealt with a splinter? Imagine a bunch all up and down your ass and legs and... wait I got off topic. bankruptcy is insolvency or a declaration of financial ruin, or both. In most jurisdictions bankruptcy is imposed by the court after being initiated by a debtor who just can't go on paying his creditors. Bankruptcy is a big deal, huge. Once this gets slapped on a report it can stay up to 10 years. It should be noted that this is "the Alamo" as far as options are concerned. For those that don't know what about the Alamo because they didn't pay attention in history class or they showed up high or better yet were making eyes at the chick with the huge sweater puppies, it means the last resort.
"Bankruptcy" is a word with its origins in Italian for "Banca rotta" literally, broken bench, on account that money lenders worked from tables with benches. When they ran out of money, the bench would be broken and he couldn't lend anymore cash.
I mean, where's the guy gonna sit? On the floor? In the broken bench with splinters up his ass? have you ever dealt with a splinter? Imagine a bunch all up and down your ass and legs and... wait I got off topic. bankruptcy is insolvency or a declaration of financial ruin, or both. In most jurisdictions bankruptcy is imposed by the court after being initiated by a debtor who just can't go on paying his creditors. Bankruptcy is a big deal, huge. Once this gets slapped on a report it can stay up to 10 years. It should be noted that this is "the Alamo" as far as options are concerned. For those that don't know what about the Alamo because they didn't pay attention in history class or they showed up high or better yet were making eyes at the chick with the huge sweater puppies, it means the last resort.
Source: The Donkey Show
Ch 7 & 13
Ch 7 & 13
Oct 10
For individual debt there are two types of bankruptcies. Chapter 7 and chapter 13.
Chapter 7 of the Bankruptcy Code deals with the discharge of debts. Under 7 one pays or gives up property for secured debts. Its a trade off of nonexempt debt vs. exempt debt (get a lawyer to explain it, we aren't lawyers just whacky advocates) To qualify for chapter 7 (generally) one doesn't meet the criteria of sufficient income that would allow partial repayment. Chapter 13 is for the people who do have the money to cover their debts, but seek to either restructure the payment get rid of partial debts. before you go thinking it's as easy a pie, remember the judge and trustee's have to sign off on it.
For individual debt there are two types of bankruptcies. Chapter 7 and chapter 13.
Chapter 7 of the Bankruptcy Code deals with the discharge of debts. Under 7 one pays or gives up property for secured debts. Its a trade off of nonexempt debt vs. exempt debt (get a lawyer to explain it, we aren't lawyers just whacky advocates) To qualify for chapter 7 (generally) one doesn't meet the criteria of sufficient income that would allow partial repayment. Chapter 13 is for the people who do have the money to cover their debts, but seek to either restructure the payment get rid of partial debts. before you go thinking it's as easy a pie, remember the judge and trustee's have to sign off on it.
Source: Legal Zoom
Contact us here
Contact us here
Did we forget something? Drop us a line, we love hearing from you!
Did we forget something? Drop us a line, we love hearing from you!