The Truth About Credit Repair "Straight From The Horse's
on: October 16, 2008, 4:48 am
Release Author: Revolution
Credit Solutions Inc.
Release Summary: There are many myths about Credit Repair some
true some not we will attempt to try and clear those up here.
Press Release Body: As a large Credit Repair Company, We feel
the pain of negative press every day. So in an effort to help
many consumers that could in fact benefit from Credit Repair we are going to
address many of the myths that are out there about Credit Repair.
#1 Credit Repair is Illegal.
truth: Credit Repair is in fact so legal that congress
passed a law called the Credit Repair Organization Act or CROA
it can be viewed here http://www.ftc.gov/os/statutes/croa/croa.shtm
#2 Credit Repair Companies are all scams
truth: Many Credit Repair companies in fact are very
good and reputable companies as in all professions a few bad apples
have given the rest a bad name. In fact our company Revolution
Credit Solutions Inc. has offered our services Pro Bono to victims
of these bad companies. See press release here https://express-press-release.net/53/Revolution%20Credit%20Solutions...
#3 Anything a Credit Repair Company can do for you, You can do
truth: While you can certainly dispute items on your
own, many consumers lack the knowledge about the laws in place
to protect them from unfair credit reporting. Many Credit
Repair Companies have an extensive knowledge of these laws
and the requirements imposed on the CRA's by them. So, while self
help is certainly possible, Credit Repair is not an easy task
especially in unexperienced hands. For those consumers who want
a "do it yourself" solution to Credit Repair, the first step is
to read the FCRA. You can read it here http://www.ftc.gov/os/statutes/031224fcra.pdf
as a matter of fact, everything we do as a Credit Repair Company
is done from the FCRA. Unfortunatly for most consumers the law
is very hard to interpret, and they are unable to do it them self.
That's where the value of a company like Revolution Credit Solutions
Inc. lies. We use no special tricks or tactics. We merely follow
the law and request that the consumers creditors and the Credit
Bureaus do the same.
#4 Credit Bureaus do a good job of being accurate, so there is
no need for Credit Repair Companies.
Truth: In spite of section 607b of the FCRA which requires
the Credit Bureaus to maintain accurate files on consumers. Over
79% of Consumers Credit Reports and thats according to the P.I.R.G.
( Public Interest Research Group) a Government agency. See it
#5 Credit Bureaus want to help you fix your credit by providing
on line access to your report free and allowing you to dispute
items electronically through their system.
truth: Credit Bureaus make money, and lots of it by reporting
and selling information the more information the more money. So
by removing inaccurate or unverifiable information the Credit
Bureaus lose money. The only reason they allow you to access your
report free once a year is because they are forced to by the government,
and as to their electronic disputes, they leave much to be desired.
All too often the Credit Bureaus will make a great effort to discourage
consumers from disputing inaccurate and unverifiable information
because not only does it cost them income by removing these items,
but they must also pay a full time staff of untold numbers to
address these disputes, costing them much more money.
hope this article has helped you have a better understanding of
how a Credit Repair Company can help you in your quest for the
American Dream. If you would like more information please contact
us at 1-888-852-0005 and we will be happy to
answer your questions.
Details: Revolution Credit Solutions Inc.
500 N. Michigan Ave
Chicago, IL 60611