Credit Report Repair

Credit report repair is commonly referred to as the process of disputing negative items in a credit report. Under the Fair Credit Reporting Act, consumers have the right to request an investigation with the credit bureaus for any item on their credit report. The credit bureaus and the original furnisher of the information must investigate the claim within 30 days and report their results back to consumers.

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It's important to point out that the credit bureaus are for-profit organizations and possess no government affiliation. They profit off the sale of your private information and from selling your information to you. Only after the Federal Trade Commission came up with a set of regulations passed in 2003 were consumers able to receive one free credit report a year.

Consumer Reports

The FCRA also had to regulate how long negative information, such as late payments, bankruptcies, tax liens or judgments may stay on a consumer's credit report. It's typically seven years from the date of the delinquency. The exceptions: bankruptcies (10 years) and tax liens (seven years from the time they are paid). Unpaid tax liens can remain for up to 15 years. Although, 7 to 10 years is a long time to stay on a report, the credit bureaus would report it for much longer, if not forever, if it weren't for the FTC stepping in.

When a consumer makes a dispute with the credit bureaus, the credit bureaus do not interact with information providers (typically creditors) directly. They use a system called E-Oscar. E-Oscar is an automated consumer dispute verification process. The credit bureaus demand that everyone who provides information to them be on this system. If you don't get on the system, you CAN NOT provide information to a credit bureau.

The E-Oscar system allows credit grantors to resolve disputes in a timely manner; however the results are commonly inaccurate. In fact, a study by the U.S. Public Interest Research Group found that 79% of all credit reports contained errors. With E-Oscar the credit bureaus NEVER send the original creditor the information you provide them. Instead, an employee scans your letter along with hundreds of others.

The employee is given a very short amount of time to figure out what you are trying to dispute and then gives your dispute a code. It is then verified with E-Oscar. Any documentation that you sent which proves the information is erroneous or any information that you provided simply gets filed away, incase you should sue them. It's rarely ever even looked at.

Under § 602 of the Act, (15 U.S.C. § 1681), a consumer may seek a maximum of 00 in statutory damages, plus actual damages, punitive damages and reasonable attorney's fees and costs for willful noncompliance with the FCRA. Any consumer may file suit in state or federal court to enforce the FCRA. Consumer lawsuits against credit bureaus are becoming more and more common and most of the time the consumer wins. Unfortunately, a lawsuit is what it takes to get issues solved with the credit bureaus.

Credit Report Repair

Consumer Reports

Water Heater Repair - Is Repairing Your Water Heater Worth the Price?

Not many of us know a whole lot about water heaters or water heater repair. However, it is something that every homeowner has to deal with at some time or another because no water heating unit lasts forever. Determining whether or not you should repair your water heater or buy a new one depends solely on what is wrong with it in the first place. Below is a list of problems and what the best solution is for each.

1) Leaks. Almost always, leaks can be fixed very easily. The leak will usually come from one of three places - the drain valve, the pipes or the tank. The drain valve is the easiest fix. You can simply tighten it and in most cases the leak will stop. If the leak is coming from the pipes, inspect the fittings and tighten each one. If the leak persists, the leak is most likely being caused by a hole or crack in one of the pipes due to corrosion. This is a relatively easy fix and is worth it to do because of the relatively small cost, even if you have to hire a professional. Lastly, if the leak is coming from the tank, the tank most likely needs to be replaced. Generally speaking, purchasing a new one is most likely the best fix here.

CONSUMER REPORTS WATER SOFTENERS

2) Water that is too hot or too cold. This is usually caused by a faulty temperature pressure relief valve. This valve is supposed to shut off the water heater's heating element once the water reaches a certain pressure. If this valve is faulty, it can be dangerous because of the scolding hot water the unit could produce, plus the fact that the unit could burst due to built up pressure. Make sure to call a licensed repairman to inspect your unit.

3) Pilot light. If the pilot light keeps going out on your gas water heater, the problem is most likely with the orifice. Clear it from any dirt or debris. The problem could also be with the thermocouple. If this is the case, it will not cost too much to replace it. If you are handy, you could even do it yourself.

4) Water not hot enough. If the hot water being produced is not hot enough or not hot at all, the problem is most likely with the heating element. If this is the case, buying a new one is probably the best option because repair will be expensive.

Water Heater Repair - Is Repairing Your Water Heater Worth the Price?

CONSUMER REPORTS WATER SOFTENERS

Electric Water Heater Repair

What are the common problems and how to troubleshoot electric water heater? Use the guide below to see the main reasons for your electric water heater repair. Do you have a problem with the thermostat, heating elements or there is no hot water? OK, let's find out more about troubleshooting and fixing the heater and what you should know to order repair parts.

For almost every problem or condition that is related to your electric heater there is a number of different causes. Here are some:

CONSUMER REPORTS WATER SOFTENERS

Problem: Why my electric water heater doesn't produce hot water?

Solution: If there is no electric power in the heater check the fuses or circuit breaker. Use the manufacturer manual to check are the wiring connections properly installed at the heater's terminals. Remove oxidation from the wiring and if the connection is loose, fix it. If your heating element is gone due to the lime build up, high voltage, heater vibration or dry-firing (heating element was not fully immersed in the water when it was ON) do not try to repair it, buy a new element and simply replace it. Check the thermostat and if it is faulty replace it. When replacing any of the faulty components try to match parameters.

Problem: Electric water heater produces insufficient hot water

Solution: You might have the undersized heater. Next time try correctly to dimension your water heating system. Repair the leaking hot water faucets or tank drain if needed. Drain and flush your electric water heater regularly to remove the sediment build up. If the thermostat is set too low increase the temperature of the outgoing water. Thermostat should be working properly and mounted flash with the tank; if it is loose correct it. Use the insulation jacket for the heater and insulation for pipes to reduce the heat loss. Check the bottom heating element for the open circuit or if it is grounded, replace it.

Problem: How to repair slow hot water recovery?

Solution: One of the common causes for the slow hot water recovery is the lime build up on the heating elements. If the water is too hard use the water softener, otherwise clean the elements. but be careful not to damage the copper sheath. If the thermostat is misplaced, position it per manufacturer's instruction. Check is the dip tube improperly installed on the hot water line.

Problem: Too expensive to operate electric water heater

Solution: Reduce the temperature on the thermostat if it is set too high. Check for leaks on the hot water tap, around heating elements, heater nipples and the tank drain... that is a pure energy and money waste. If your water heater and the pipeline are not insulated, especially during the winter time, do so. Use the insulation blanket for the heater.

Problem: Noise

Solution: Lime formation on the heating element or in the tank is the reason why the water heater produces a rumbling, pounding or sizzling noise. Use the fine brush to clean the lime scale from the elements.

Before you try to repair the electric water heater, call the company the unit was purchased from to order the part. To get the right part always provide the following info: Model number, serial number and part description.

Other problems related to the electric water heaters might include heating elements, anode rod, water odor and unusual taste, hot water fluctuation...

Electric Water Heater Repair

CONSUMER REPORTS WATER SOFTENERS