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This is all illegal

The Fair Debt Collection Practices Act (FDCPA) is a law which protects consumer rights from unfair and unethical debt collection practices. This law can be very helpful to consumers in stopping collection company harassment and abuse. One benefit of this law is that a consumer can stop any collection company from contacting them by p ..


Third Biggest Factor Affecting Credit Scores

15% of the consumer credit score is based on length of credit history. This accounts for how long the consumer has had open credit on their report. This is the third biggest factor affecting credit scores, right behind payment history, which accounts for 35% of the total score, and available credit which accounts for 30%. This one fa ..


These Work

Wouldn't it be nice if you could just add an account to a consumer’s credit report, and it automatically has a 2 year PERFECT pay history? Well you can, AND it is 100% legal. Authorized user accounts are the only legal way to back-date credit reports and add past positive credit history. An authorize user is when a family memb ..


There are three standards that every item on a credit report must meet

Standard One: Item must be reported within the allowable time periods. It must be reporting timely information. Standard Two: Item must be one hundred percent accurately reporting all of the information on the account. So all of the information on the account – name of the creditor, account number, status, date of last activ ..


The Use of Automated Systems in Credit Disputing

Credit dispute investigations usually involve the furnisher (or creditor) comparing the information in their computers to what is reported in a consumer’s credit file. Typically the bureau accepts what the furnishing company tells them. This is referred to as “parroting,” as the reporting agency is simply repeating w ..


The Real Deal on Paying off Collections

Collection companies have done a great job over the years of convincing consumers that paying off collections will raise their credit scores. Many are actually surprised to learn that paying off collections will actually lower their credit scores. Collections are usually reported on the credit as a “9” status or collectio ..


The Need for Credit Repair

In today’s economic climate, the ability to get credit, and get approved for various purchases that require underwriting of credit, has drastically changed over the last several years. Several years ago, it was easy to get a loan; for a home, a loan for a car; for just about anything that you wanted. Many of the terms have ch ..


The FCRA and Credit Reports

Check out some of the most favorable points of the Fair Credit Reporting Act (FCRA) that really help consumers. Provides consumers with a free copy of their credit report once per year and ensures that they can purchase it at a fair price. Regulates who has access to credit reports. The official term used in the FCRA is “Per ..


The Fair Credit Billing Act (FCBA)

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The Credit Bureaus Love Bad Credit - And Here’s Why

Not only are the Big Three credit reporting agencies making a killing selling personal information, what most don’t realize is that they’ve also got an actual financial stake in gathering as many poor credit scores as possible. Some data is more valuable than other data, which allows the credit bureaus to charge more for i ..


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