Credit Repair Consulting Services

Credit Report Analysis

A detailed credit report analysis is performed to assess credit and debt related problems, potential solutions and action plan resolution. The analysis will also detect errors that commonly occur on credit reports including; mistaken identity, obsolete or outdated information, cross-referenced accounts, duplication of accounts, incorrect payment history information, account balance errors, debt to equity ratio manipulation, incorrect personal information reported and unauthorized inquiries.

Debt Verification

Preparation of documentation to verify information reported to National Credit Reporting Agencies by creditors, collection agencies, and public record filings. Formal updating, correction or deletion of incorrect or outdated personal information reported.

Creditor Mediation & Negotiation

Mediation & Negotiation with Creditors, Direct Support with clients to strategically resolve outstanding debt(s) or establish payment agreement(s) to minimize or delete negative information reported to the national credit bureaus.

Bankruptcy Recovery

Updating of credit reports to reflect correct reporting of accounts discharged under Chapter 7 Bankruptcy. Updating of accounts reported under Chapter 13 Bankruptcy or Wage Earner Plan. Strategic solutions to reestablish both secured and unsecured credit lines after bankruptcy.

Defaulted Student Loan Resolution

Competent and effective student loan services that utilize various consolidation and rehabilitation strategies to remove student loans from default status. We also specialize in student loan default prevention. Services include interaction with the U.S. Department of Education, State Loan Guarantors, Public and Private Universities, Colleges and Collection Agents

Identity Theft and Credit Fraud Resolution

DPMC Consulting provides Identity Theft & Credit Fraud Resolution services. These services encompass researching the account(s) with the creditor and its erroneous reporting to the credit bureaus. Formal steps to have fraudulent debts removed from the credit report profile are taken. Updated credit report analysis is also performed to ensure accurate future reporting to credit reporting agencies.

Judgment & Lien Resolution

Consultation, Mediation and Support with client(s) to strategically resolve outstanding Civil Judgment(s) Lien(s).

Mortgage Foreclosure Prevention

Consultation & Support Services with Mortgage Lenders Loss Mitigation Departments, Internal Collection Department or Legal Representatives of the Lender to prevent Legal Foreclosure Proceedings and Sheriff Sale of Real Property (Residential/Commercial) through a combination of Workout Plans, Loan Modification or Loan Forbearance Programs.

Short Sale Support

Consultation & Support Services with Mortgage Lenders Loss Mitigation Departments, Lender Short Sale Negotiators, Listing and Buyer Agents, and/or Property Owners to facilitate successful lender approval and sale of real property where the offered sales price is less than the loans value or what is owed to the primary mortgage holder and/or Subordinated Lien-Holders (2nd or 3rd Mortgages).

Components of a Successful Short Sale:

• An Active Listing Agreement with a Real Estate Broker. ** Exception: For Sale by Owner (FSBO) **
• A Sales Agreement signed by both the Buyer(s) and the Seller(s). "Offer and Acceptance". Short Sale Addendum(s) / Copy of Earnest Money Deposit Check .
• Completed submission of all requested financial documents, related information, and "hardship" letter(s) required by the Lender disclosing the Seller's financial situation and/or dilemma causing loan delinquency or the possibility of future foreclosure action(s). 
• A Short Sale Negotiator, Realtor or Agent without any conflicting interests in regards to the Buyer, Seller, Listing Broker, Settlement Company, Lender or Investor(s) whom will be directly involved in the real estate transaction.  ** A Short Sale Negotiator can be hired by the Seller or Listing Broker **.

** Notation **

Purchase Price and other terms of sale and transfer of the property are subject to final acceptance and approval of the Lender(s). This includes but is not limited to the Purchase Price, Earnest Money Deposit (Hand-Money), Buyers Requested Repairs, Limitations on Closing Cost Fees, Broker/Realtor Commissions and the Scheduled Closing Date.

Lenders who forgive a portion of debt as part of a Short Sale must submit a Form 1099 to the IRS indicating the amount of the debt forgiven. Forgiven debt could be taxable although the Mortgage Forgiveness Debt Relief Act of 2007 (Pub L. 110-142) may allow it to be treated as non-taxable by the IRS if the property is in the foreclosure process. A Short Sale may also have other tax implications. You may consider consulting with a Accountant or Tax Attorney before starting the Short Sale process.