Jose Reyes Martinez
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HomeSmart/Evergreen Realty
27802 Vista Del Lago, Suite E-2, Mission Viejo, CA 92692
DRE#: 01471034



Cleaning up” your credit reports?


The process just got EASIER and FASTER.

The burden of proof now is on credit reporting bureaus, debt collectors and other credit vendors.

The burden of proof now is on credit reporting bureaus, debt collectors and other credit vendors.

The Consumer Finance Credit Bureau (CFPB) now allows consumers to “directly dispute” misinformation by directly uploading their complaints on line.

"The Bureau has the power conduct (costly) administrative reviews, levy fines and provide information to consumer rights attorneys for the sake of class action lawsuits".

To begin the complaint process go to the CFPB website:

 and complete the complaint form. 

Following are the most common examples of misreporting:

  • Information is “not creditor’s
  • Belongs to someone else, identity theft, fraud, etc.
  • Account terms are reported wrong
  • Creditor name/info, balance, payment, etc.
  • Account status
  • Paid bill on time, account closed, etc.
  • Wrong date of birth, address, etc.
  • Inaccurate public records (Bankruptcy, judgments, etc).
  • Reinserted (previously deleted) information
  • Credit Reporting company's investigation was flawed

To dispute an issue , the consumer must first order a credit report from each bureau and file a dispute for each derogatory item with the specific credit reporting bureau.

Once the bureau has reviewed the filing, they must (within 30 days) inform the consumer the results of their investigation.

Assuming the investigation is negative, the consumer should appeal to the Consumer Finance Credit Bureau for relief.

The uploading any supporting documents online directly to the agency expedites ('starts" the clock ticking") the process by bringing pressure on credit bureaus, collection agents and credit vendors.

For vendors and lenders who keep shoddy records it will be easier to delete a consumer's derogatory item rather than risk sanctions.

Those documents are (but not limited to

  • Incorrect part of credit reports, payment records, cancelled checks, court documents, birth certificates or other identity verification documents.
  • To add pressure I recommend the borrower/ buyer to include a cover letter (and subsequent purchase contract) explaining the sensitivity and timeliness of a quick response.

close escrow.

NOTE: If the debt is legit it’s CRUCIAL that the debt be paid ONLY thru escrow.



Edward Jamison, Esq.

Sound too good to be true?     Not as much as you’d think. Try out these five simple steps to improving your own credit score…you could see dramatic results!


Yes, this sounds obvious, but understand that credit scoring software severely penalizes you for having accounts with a past due balance. Making sure all of your accounts are current, and paying the amount that shows as being past due on the credit report can increase your credit score by a significant amount.


Contact all creditors that have reported late payments on your credit and request a good faith adjustment that actually removes the record of late payments reported on your account. Be persistent, if they refuse to remove the late payments at first, remind them that you have been a good customer that would deeply appreciate their help. Call several times if you need to and ask for a supervisor…persistence and politeness pay off in this scenario.


Contrary to popular belief, having low credit limits on a credit card can actually hurt your credit score. Having low available credit limits affects your “actual debt to available credit ratio”. For example, if you owe a total card debt of $10,000 and your total credit available is $20,000, you are only using 50% of your total credit available. But if you have card debt of $10,000 and your total credit available is $15,000, you change your ratio to 66% of your available credit being used. The lower the percentage of debt to available credit the better, as it shows you are able to handle having credit available without running it up to the max.


If you have a short and limited credit history, you can ask someone to add you to his or her credit card account as a joint account holder or an authorized user. When added, the primary account holder’s credit card will appear on your credit report. Credit scoring software will treat the added account as though it is your account and you will benefit from the low balance and the long payment history for that account. It is important to remember that being an authorized user is helpful for your credit score only if (1) the person is carrying debt below 10% of the credit limit on that card and (2) has had good payment history on the card for seven years or longer…and the longer the history, the better. Being an authorized user is potentially detrimental to your credit score if the person giving you the card either maxes out the credit or pays late, since this would report on your credit report too.


15% of your credit score is determined by the age of the credit file. Therefore, even if your old credit cards have horrible interest rates, closing those cards will decrease the average length of time you’ve had credit…as well as increase your “debt to available credit ratio” as discussed in point 3. Use the old card at least once every six months to avoid the account rating to change to “Inactive”. Keeping the card active is as simple as pumping gas or purchasing groceries every few months, then paying the balance down. An inactive account is ignored by Fair Isaac’s credit scoring software, so you will not get the benefit of the positive payment history and low balance that card may have had in the past.

Edward Jamison is the founder of Jamison Law Group, P.C., and is an attorney who specializes in consumer credit and identity theft and numerous software products tailored to the mortgage industry. Jamison is a nationally recognized expert on credit scoring. For more information on how to raise your credit score visit: