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You may have wondered why there are credit repair companies out there, since the credit reporting agencies have to allow any Lewes consumer to dispute incorrect line items on their own. The big Credit Reporting Agencies (“CRAs”) even have online systems for challenging erroneous information. The Agency must act speedily to investigate and correct any false information. Soooo, why pay someone else to just fill out their form?
The answer seems to be the same one that makes practitioners in the legal profession permanently in demand: it’s in the fine print. And in this case, it could be that some of that fine print is written in invisible ink.
As you can well imagine, speed is vital when a would-be Lewes mortgage applicant finds a credit score that’s lower than expected. The mortgage companies will decide whether you qualify (and how much interest to charge) based largely on that credit score. The actual details about how speedily the CRA must act are all contained in the fine print located in the FDIC’s Consumer Protection regulations, “Procedure in case of disputed accuracy” (6500, § 611). Once you notify the CRA, they have to investigate the validity of your claim and (without charging you a dime) determine within 30 days whether the item is accurate. More fine print describe further protections you have—
PARAGRAPH 2: The CRA has but 5 days to notify the company or person who provided the information about your challenge.
PARAGRAPH 6: The CRA has to provide you the results of their investigation in writing, and, if you’ve asked for it, describe the steps they took to arrive at their decision.
PARAGRAPH 7: If you didn’t know that you had the right to receive the above description, they must furnish it within 15 days after you later request it.
Those sound like pretty solid protections—vitally important, since the CRA can’t just sweep your dispute under the rug, stall, or ignore you altogether. After all, they have to detail in writing how strenuously they worked to protect you! Right?
Except for one problem, which is in PARAGRAPH 8. If the CRA simply drops the disputed item from your current report within the first 3 days, that’s officially considered an expedited dispute resolution. Since the item has been dropped, that might seem to be a solid win. But PARAGRAPH 8 says that if the CRA does that, it no longer has to do anything demanded in Paragraphs 2,6, and 7! It’s as if those protections were written in invisible ink…so that next month, if the company or person just reports the same thing, voila! your credit report might once again go back to Square One. The CRA is supposed to notify you 5 days in advance; but let’s face it, the phrase ‘Catch-22’ comes to mind…or ‘Credit Score Whack-a-Mole’…
What can you do, short of hiring repair agency experts to fix your credit score? Most commentators are in agreement: just stay away from the online dispute forms. Send a registered letter with your dispute, because it usually takes the CRA longer than three days to act on it, so they can’t skip the protections.
And while you’re waiting, why not give me a call? We can start scouting for your new Lewes home! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestate.com.
You might think that professional home stagers in Lewes are intent on aiming for the kind of look that would draw oooohs and ahhhhhs if it were featured in Good Housekeeping or Better Homes and Gardens. In fact, you’d likely be more on-target if the magazine you thought of was actually RealSimple. In case you haven’t been near a newsstand lately, that’s the top-selling magazine “about simplifying your life.”
RealSimple (“Life made Easier”) has articles like “31 Pro Tips to Control your Clutter” and “Get Organized for Fall: systems in place, stress in check.” If you are planning to have a Lewes home for sale anytime soon you could do worse than picking up a copy—if for no other reason than to check out its editorial slant: Less is more. Open space attracts. Simplicity rules.
Today’s home stagers in Lewes (and just about everywhere 21st century lifestyles have invaded) work towards the goal of clarifying room spaces—making it as easy as possible for prospective buyers to imagine their own furnishings and décor preferences in place.
A further refinement is subtlety. In that light, successful staging has something in common with many of the best classic movie scores: it moves you without your being conscious that it’s there at all.
An experienced Lewes stager will often put her or his expertise to work in ways that we would find hard to match, but for homeowners with a do-it-yourself bent, a good start can be to study some of the advice stagers agree upon:
Be willing to let go! Your home as you know it is likely not to be the version that will be easiest to sell. Be willing to say goodbye to anything: furnishings, floor plans, favorite décor items. In other words, remove that compact computer table from the dining room corner—the open space is more important (you future homeowners know they can set up an in-home office anywhere).
Color it neutral. Stagers usually shun bright colors, which may be lively but intrusive. Creamy shades, grays and soft earth tones allow viewers to cast their own preferences onto a scene. But this is a guideline that has limits, too: if neutral turns into sterile, you’ve gone too far.
Apply practical arithmetic. That is, be aware of the power of thoughtful addition and subtraction. From your now-spacious and neutral-toned rooms, subtract as much of the furniture as possible, then remove personal items and bric-a-brac. Then add back in the minimum you need to create a livable environment. If the budget allows, substitute rental furnishings (and even accessories) for original elements that are too well worn.
If your home staging efforts are successful, you will have created a more showable, sellable Lewes property. I can also be helpful by contributing feedback about what is currently popular with local buyers. Call me for a no-obligation consultation. Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.