Chapters:


AuctionSniper.com

The Consumer Statement

You have a right to add a consumer statement, up to 100 words, to any item on your credit report. This can be helpful in circumstances which were truly exceptional, where a simple and honest explanation will take the "sting" off the item, and when there are just a few negative items among a long list of neutral and positive items.

Example of helpful consumer statements include:

  • I was in an accident, and unable to work
  • My employer went bankrupt, and I did not recover several weeks of wages
  • I was called up to active duty, and was unable to tend to these matters
  • Due to a natural disaster, my life suffered a major disruption
  • The product/service ordered was not provided as promised, and the creditor refused to resolve the matter

It is important that in each case you also add that the problem is now resolved, and will not continue to affect your finances. The key is, this was an exceptional occurrence, and you have done your best to take care of things, and at the time, these creditors could not be taken care of properly, but everything is back to normal now. Recite the simple facts, and make sure you can prove them, and these negative items are unlikely to be of much significance. Your statement should be "just the facts", leave out any emotional or derogatory comments, and you will often be viewed as reasonable and the item given less weight.

Copyright © 1994-2009, [Michael Kielsky]. All Rights Reserved Without Prejudice. Site last updated 04/11/2021 02:04:52 MDT. Please carefully review the Legal Notices and Disclaimer.
This entire document is copyrighted. "Electronic Credit Repair Kit" is a trademark of [Michael Kielsky].
X