OK, without actually knowing what your credit scores are and what your credit reports look like, it’s hard for me to say exactly what is going on here.

I think a major factor is that the standards are becoming higher and higher for people to get approved for loans due to the current economy and the ‘credit crunch’. So some people who may have qualified two years ago, are running into trouble when they apply for loans now.

This is why it’s more important than ever to dispute inaccurate listings on your credit reports. If you haven’t done so already, I strongly recommend that you get copies of all 3 of your credit reports, along with your credit scores, so that you can find out what is holding you back and then decide on a plan of action to clean things up.

As for your dispute with CreditOne, if you haven’t sent them a debt validation letter yet, please use this example and mail it to them via certified mail with return receipt requested. (By the way, please don’t ever speak to this company over the phone. Keep all communication in writing from here on out, and keep copies of EVERYTHING!)

I want to point out that it is not your job to prove ANYTHING to a collection agency! The way it works, is that the burden is on the collection agency to prove that you DO owe a debt, or that the information they’ve listed on your credit report is correct. If they can’t prove it, they are required by law to remove the listing of the debt from your credit reports! Please read this article for more information on this. (The article applies not only to debts that the collection agency claims you currently owe, but also to any information they have listed on your credit report that you feel is inaccurate!) As you will see in the article, you can sue this collection agency if they continue to list information on your credit reports that they cannot or will not PROVE.

I get the impression that you might be in need of credit repair. You can do it yourself, and I actually plan on adding an article in the very near future with instructions on how to do it. Or if you would rather have professional assistance, I would like to recommend a credit repair company called BCR Consulting. I know one of the owners of the company, so I can assure you they are trustworthy.

I hope I’ve helped some! As I said, it’s really hard for me to pinpoint what exactly the problem is, but it’s likely that it is a combination of different items on your credit reports. This is why your first step should be reviewing your reports and credit scores and systematically attacking the negative listings that you find, whether you do that yourself or hire a credit repair company to do it for you.

Good luck, Cynthia! If you have any more questions feel free to ask :)

My salesperson’s name is Jesse @ (336) 337-8239.

I have written two letters a week to each credit bureau trying to clear matters up, so I can buy a car. I also own my own car and I own my own home. What’s up?

CCM

I also dispute WomanCare collection. I have had 2 collections cleared from Spartan financial and Interstate Credit. My College foundation is update to date as well.

[personal information removed to protect Cynthia's privacy]