More lies being told about credit repair
on: October 22, 2008, 5:08 am
Release Author: Revolution
Credit Solutions Inc.
Release Summary: While drinking my morning coffee I came across
another one of these one way stories bashing Credit Repair
Release Body: Its a pretty hard thing to do, ruining my morning
coffee that is, but ABC news got me today! From the way this story
reads it would appear that someone over at ABC owns stock in Trans
Union, Equifax, and Experian. The story can be found here http://abcnews.go.com/Business/PersonalFinance/Story?id=6058693&page=1
planned on doing an upbeat release today seeing as the cost of
a gallon of gas has went down below $3.00, But once again the
Doom Sayers force me to defend our industry.
must say that the most appauling anti-consumer comment I have
ever seen was part of this article "It's ironic. People who
are too strapped to pay their bills somehow scrape together enough
money to pay a credit repair company." Wow Elisabeth Leamy
of ABC thats pretty harsh. I will go as far to say that it is
an UnAmerican comment and goes against that whole Pursuit of Happiness
thing that my country, The United States of America, belives in.
It almost seems as if ABC and Elisabeth Leamy are unaware of the
fact that according to the US PIRG over 79% of Credit Reports
it here: http://static.uspirg.org/usp.asp?id2=13649&id3=USPIRG
sounds like ABC and Elisabeth Leamy would like to have us belive
that seeking help from a professional is out of the question and
illegal. Well, if that is the case, why do we have a law called
it here: http://www.ftc.gov/os/statutes/croa/croa.shtm
a matter of fact I would like to quote the opening sentence of
the CROA for the benefit of ABC and Elisabeth Leamy:
"(a) Findings.--The Congress
makes the following findings:
Consumers have a vital interest in establishing and maintaining
their credit worthiness and credit standing in order to obtain
and use credit. As a result, consumers who have experienced credit
problems may seek assistance from credit repair organizations
which offer to improve the credit standing of such consumers."
did everyone read the same thing I did? Sounds to me like the
United States Congress says that consumers who have experienced
credit problems may use credit repair. And all this from the FTC
website! But wait a minute, ABC and Elisabeth Leamy just told
us that the FTC says there are no legit Credit Repair Companies
out there. So why would they put this on the FTC website? Perhaps
ABC and Elisabeth Leamy should get the facts together and write
an unbiased report on both sides of the story.
and by the way ABC and Elisabeth Leamy if your reading this, by
some miracle of god. Please read this press release, sent to all
major news feeds, and tell me that we are all bad then.
will once again, for the benefit of ABC and Elisabeth Leamy, announce
that if you have been victimized by one of these Bad Credit Repair
companies you can get free help from us. All you need to provide
us with is a copy of the complaint filed with the FTC and local
authorities if applicable, and we will work with you for free.
Tell me ABC and Elisabeth Leamy, do those sound like the words
of a non-legit company?
am going to end this release with some final quotes from the FCRA,
this should give ABC and Elisabeth Leamy a beter idea of how the
laws regarding credit reporting really work.
from the FCRA
"There is a need to insure that consumer reporting agencies
exercise their grave responsibilities with fairness, impartiality,
and a respect for the consumer's right to privacy."
Accuracy of report. Whenever a consumer reporting agency prepares
a consumer report it shall follow reasonable procedures to assure
maximum possible accuracy of the information concerning the individual
about whom the report relates."
a statement that a consumer reporting agency is not required to
remove accurate derogatory information from the file of a consumer,
unless the information is outdated under section 605 or cannot
"(5) Treatment of Inaccurate
or Unverifiable Information
(A) In general. If, after any reinvestigation under paragraph
(1) of any information disputed by a consumer, an item of the
information is found to be inaccurate or incomplete or cannot
be verified, the consumer reporting agency shall–
(i) promptly delete that item of information from the file of
the consumer,or modify that item of information, as appropriate,
based on the resultsof the reinvestigation; and
promptly notify the furnisher of that information that the information
has been modified or deleted from the file of the consumer.
(B) Requirements Relating to Reinsertion of Previously Deleted
(i) Certification of accuracy of information. If any information
is deleted from a consumer's file pursuant to subparagraph (A),
the information may not be reinserted in the file by the consumer
reporting agency unless the person who furnishes the information
certifies that the information is complete and accurate.
(ii) Notice to consumer. If any information that has been deleted
from a consumer's file pursuant to subparagraph (A) is reinserted
in the file, the consumer reporting agency shall notify the consumer
of the reinsertionin writing not later than 5 business days after
the reinsertion or, if authorized by the consumer for that purpose,
by any other means available to the agency."
You and God Bless America
For more on laws relating to Credit Reporting and Repair
To See actual results from our
work in the past
To See our service agreement
See our home page Credit
Details: Revolution Credit Solutions Inc.
500 N Michigan Ave
Chicago, IL 60611