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"Rapid Rescore"- Expedited Credit Repair?

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I read this today, and I was wondering if anyone has known of this to actually work... Thanks in advance for the input

Self Credit Repair IV - How to delete erroneous items in a few days

Today, I will cover how to do 'rapid rescore' (Credit Repair) for free.

Average turnaround time is about 3business days.

Transunion's call center has a department called the 'mortgage pending department'. It's very important to know that this department is for mortgages only, and not other types of transactions. The borrower will first need to apply for a mortgage before calling Transunion. Transunion will see the 'credit inquiry' from the mortgage lender, and proceed with the call. They will ask for closing date, broker's company, loan officer's name, and phone numbers. Make sure you have this in front of you before you call!

Once you speak to a live agent, you will need to explain to them that you have a mortgage closing within X amount of days. Ask the live agent to be transferred to the 'mortgage pending department'. Remember that not ever call center has a mortgage pending department. If this happens, the live agent will tell you to hang up and call again. Otherwise, they will transfer you to the 'mortgage pending department'. This department will go ahead and ask you a series of questions. Basically, why are you disputing this item, who told you about us, when is your closing, etc.

Make sure to say that 'the mortgage lender told you about the department'! Doing this type of credit repairing is quicker, and no cost to your borrowers.

Equifax's live agents are able to handle these requests without being transferred. They call it the 'expedited process'.

Make sure that you sound URGENT and/or DEMANDING on the phone. If you dont care about it being done neither will the agent.

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I have used Rapid ReScore with great results. When I worked with a mortgage broker our CR vendor offered this service. I was able to get items removed via RR that I had worked on with no success for over a year with typical dispute procedures.

That being said; I can't speak to the accuracy of the info you posted. RR, as far as I know, is a wholesaled information product offered to clients of CR re-sellers ONLY (mortgage brokers) not something available to the general public. It is quite costly, $35.00 - $50.00 per TL, per bureau, plus the cost of a new CR (typically between $3.00 - $15.00). A loan officer posted in the mortgage forum that, legally, the costs couldn't be passed on an applicant. That was not my experience. I can't speak to the legality, but my former boss wouldn't have incurred those fees. We always collected the extra fees up-front. Another important fact, RR requires documentation. You can't just call up ANY department at the CRA's and expect expedited service without PROOF of your claim(s).

I would suggest that you search here and elsewhere on the net for more info on RR.

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I actually posted about this the other day. There are many companies out there, but not for consumers directly. As ahntara stated, it is just for the brokers. AND you MUST have proof to get it rescored. Kind of a nice option for those who have legit proof of debt that does not belong on their credit. It is nice to know that the mortgage companies have figured it out that mistakes really do happen and they are willing to fix it quickly. A NACA attorney told me about it.

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I searched here under "Rapid Rescore" and got the information that you all have shared. The method above makes it seem like the consumer can use the process him/herself. It seemed a bit shady, but I just wanted to be sure.

Thanks for the info.

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