Carl Bunch Credit Repair
Since 2004
253 N Euclid Ave #A, Upland CA 91786
cbcredit@gmail.com 909-985-6104
About Me:
I have been performing credit repair since 2004. It is my full-time job, I work alone, all documents and paperwork are performed manually by myself.
I charge $80 per item per bureau (if I can fix the item), there are no other charges.
Questions, advice, and analysis of your credit report is free.
August Credit Repair Tip: Can Credit Repair Fix My Student Loans ?
Most of the time, no.
Student loan servicers are very diligent about verifying negative status if you try to dispute student loans.
The best way to handle negative student loans is to either resume payment arrangements, or place them into deferment or forebearance so that they no longer report negative.
The student loan servicers are not necessarily going to notify you when your student loan comes out of deferment, so keep track so that you don't miss your initial payment.
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July 2019 Credit Repair Tip
What If You Have No Credit ?
The best way to get credit when you have no credit is to obtain a secured credit card.
Bank of America, Wells Fargo, CitiBank, US Bank, and Comerica Bank offer them. You must leave a deposit ($200-$300), and the bank will issue you a Visa/MasterCard with the same credit limit. If you use it, just make sure you always pay it on time. You'll get your deposit back in 1-2 years.
After your secured credit card starts appearing on your credit report, you'll start getting offers for other credit cards. As long as there's no annual fee or startup fee, go ahead and apply.
June Credit Repair Tip
Don't Dispute It ! (especially if you're applying for a mortgage)
Credit repair is not magic, and most disputes probably won't work. Regardless of what you've heard, there is no magic dispute letter or "verification" letter that will delete every negative item.
That's why it's important to be very selective about which negative items to dispute, because if you dispute the wrong negative item you can make your score worse.
And if you're applying for a mortgage, you will not get approved if any accounts with balances have dispute remarks.
I always offer a free analysis of your report to identify which items we should delete, and which items we should ignore.
May 2019 Credit Repair Tip:
How To Delete Accounts From Identity Theft
Surprisingly, Identity Theft accounts are the easiest accounts for me to delete.
Credit bureaus and creditors are actually very diligent about deleting fraudulent accounts, IF we submit the proper documents. The same for any fraudulent or erroneous addresses and inquiries on your credit report.
Talking with realtor Paco Licea about getting over your fear of credit repair:
April 2019 Credit Repair Tip:
How To Qualify For A Mortgage
Surprisingly, it is not that difficult to qualify for a mortgage at this time. FHA mortgage and CalHFA downpayment assistance guidelines start at 640 score.
You are allowed to have most chargeoffs or collections with balances, as long as your score is at least 640.
Which means we usually don't have to fix everything on your credit report, just enough to get your score over 640.
MARCH 2019 Credit Repair Tip:
What If I Have No Credit Score?
Your credit score is a summation of your positive accounts and negative accounts.
If you have no current positive accounts, you may find that the credit bureaus won't issue you a score.
You must obtain a positive account, but you won't get approved for anything because you have no score.
Your solution is to obtain a secured credit card.
Secured credit cards are available through Bank of America, Wells Fargo, CitiBank, US Bank, and Comerica Bank.
You must leave a deposit, and they will issue you a Visa/MasterCard that will appear on your credit report. If you use it, make you sure you pay the monthly bill promptly. You'll get your deposit back in 1-2 years and the card will then convert to a regular credit card.
FEBRUARY 2019 Credit Repair Tip:
When The Collection Agencies Call You
1. Don't ignore them, go ahead and answer the phone.
2. Don't tell them you will pay, don't tell them you WON'T pay.
3. Just give them your correct address, and tell them you only want to communicate in writing, and tell them not to call you anymore.
4. Surprisingly, most collection agencies won't call you anymore.
5. When they mail you the collection letters, save them in a folder. Many will have good settlement discounts.
6. Contact me to review your report, and I will tell you if you should pay any settlement offer.
JANUARY 2019 Credit Repair Tip:
How To Improve Your Bad Credit In 2019
1. MOST IMPORTANTLY, get caught up on any open credit cards or installment loans (auto, student, etc). Recent late payments will drastically reduce your score (even more than collections), and can't be fixed through credit repair.
2. Send me your report for a free analysis and estimate. There may be accounts that I can fix or outright delete.
3. Be prepared to settle/pay some collections. However, since your score is more affected by the number of collections (rather than the balances), I almost always will instruct you to settle/pay the smallest collections first (if I can't delete them outright). Depending on your goals, we can usually ignore the largest collections.
December 2018 Credit Repair Tip:
Which collections should I pay to maximize my score ?
1 - Some can be deleted without paying. There are many flaky collection agencies that I can delete without having to pay the collection, so send me your report first for a free analysis/estimate.
2 - Start with the smallest. The total number of collections affects the score more than the actual balances of the collections, so the goal is to first settle/pay as many of the smaller collections as possible.
3 - Only settle/pay collections that appear on 2 or 3 bureaus. It's a waste of money to settle/pay a collection that only appears on one bureau, because it usually won't help your mid score at all.
4 - Ignore collections that haven't updated in 12 months, they affect the score much less than collections that have been recently updated.
If you have a low score or other credit issue, send me your report and I will give a free analysis and estimate, usually within 24 hours.
NOVEMBER 2018 Credit Repair Tip:
Can Inquiries Be Deleted ?
In general, yes.
But keep in mind that only recent inquiries (less than a month old) affect the score.
So if you only need 5-8 points, we might be able to get those points by deleting recent inquiries.
If you have a low score (or other credit issue), send me your report, and I will provide you with an analysis and cost estimate outlining the score improvement potential.
Video
Credit Repair Q & A with Realtor Paco Licea
REFERRALS:
Most of my clients are referred to me from mortgage brokers or loan officers. Contact any of these mortgage professionals to verify the quality of my work:
Javier Alvarez
Alvarez Real Estate Group
562-318-4021
Leslie Magodoro
Cornerstone Home Lending
Upland CA
909-263-9901
Danny Espinoza
Rancho Capital Home Loans
909-257-2175
Eric Hasanoff
Golden Empire Mortgage
909-627-3300
Cynthia Soriano
Academy Mortgage
951-640-9920
Tashaun King
EZ Fundings Home Loans
760-815-4850
Kelly Marsh
Cornerstone Home Lending
805-563-1100
Michael Ewing
Paramount Residential Mortgage
951-515-6126
Lissa Fraga
New American Funding
805-368-6950
Javier Brito
Loan Depot
909-374-1897
Daniel Rubalcaba
909-559-0904
Julian Lopez
Smart Sell Real Estate
888-884-6762
Fidencio Felix
Home Financial CA
714-290-9224
Rosa Rodriguez
ReMax , La Quinta CA
760-578-5865
Leticia Murillo
951-733-8563
Alex Alfaro
Dandi Inc Real Estate
818-554-8202
Pred Kostic
New American Funding
949-445-8870
Copyright © 2018 Carl Bunch Credit Repair - All Rights Reserved.