2019 Idaho Real Estate Blog

Guilty Until Proven Innocent Main Boise Home Loans
When it comes to your consumer credit profile and errors that are reporting, you are guilty until proven innocent.


Dear reader:

How important are excellent credit scores in today's New World? They are the difference between being able to buy a home or not, starting a new business or not, getting a job or not...the list goes on and on. This isn't a problem on the surface...people with LEGITIMATELY poor credit should not be allowed to buy a home. But what if you are someone who is having incorrect information reported on your credit report that a mortgage lender or prospective employer uses to evaluate you. Unfortunately, you may be denied the mortgage or not offered the job because your credit score is INCORRECTLY too low.

Perhaps you have attempted to work with the credit bureaus in the past to have inaccurate information removed or corrected. If so, you may know exactly what I mean when I say you may be considered "guilty until proven innocent." The credit bureaus won't help you until you have tried to contact your creditor. Then your creditor tells you that they have sold your account to a collection agency that only employs pit bulls to man the phones and accounts. And, by the way, the collection agency that owns your account NOW isn't the first collection agency that your creditor sold the account to originally.

You can see how easy it might be for someone to just throw the white flag up...and by doing so, they subject themselves to a future of more expensive insurance rates, higher interest rates, and even bankruptcy...all because they didn't know how to fight the battle against the bureaus.

Follow this blog through 2009, and pass the web address for this blog on to everyone you know and care about:

 I am going to provide you with the knowledge YOU NEED to survive and thrive in this New World.

As an added reminder, if you would like to receive email alerts when I update this blog, please send me an email at, and include the subject line BLOG ALERT OPT-IN.

If you are interested in talking more about this post or a specific credit scoring issue you have or know about, feel free to call or email me at (208) 880-0316 and You can also visit my website at

Best Regards,

Eric Leigh, Mortgage Consultant
2965 E. Tarpon Drive, Ste. 150
Meridian, ID 83642
(208) 880-0316
Posted by Eric Leigh at 1/9/2009 5:02:00 PM
Comments (2)
Re:Guilty Until Proven Innocent
It seems that everyone puts a lot of stock in a credit report, but with the economic situation these days it seems like a credit report is becoming less of a true indicator of credit worthiness. For instance:
if a person has 3 credit cards with $2,000 balance on each and a $15,000 limit on each and his/her limit is dropped to $2,250 each that person would see a significant credit hit. This is just one example of so many.
Do you how credit reports works changing?
Posted by on 1/9/2009 12:44 PM
Re:Guilty Until Proven Innocent

Not sure what you are asking on your question (last sentence)?

Could you re-post?

??? Do you how credit reports works changing? ???

Posted by Eric Leigh on 1/9/2009 1:04 PM
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