credit-repair-blog

Erica Sandberg Gives Bad Consumer Credit Advice

Mon, 09 Aug 2010 15:54:03 +0100

Erica Sandberg has been spewing bad credit repair advice for years. Like many so called consumer reporters and credit experts, Erica Sandberg is really just a mouthpiece for the credit reporting and credit card industry.

Consumers must be diligent when seeking effective credit repair advice because so many credit counselors are associated with the credit bureau/banking cabal. If a credit counselor derives his income, directly or indirectly, from his association with major credit card companies and/or credit reporting agencies, do you really think he will offer advice and strategies to beat the credit reporting industries' unfair and dishonest credit reporting system?

Of course not. Be very circumspect when reviewing consumer credit advice from Erica Sandberg or other credit bureau shills.

Credit Repair News has an excellent article that goes into great detail about Erica Sandberg and her useless credit repair/identity theft advice. It's a great read. Check it out here, Erica Sandberg Consumer Credit Advice.

Credit Repair Lies From Phil Mulkins of Tulsa World

Sat, 08 May 2010 00:36:55 +0100

Every month the news about credit repair seems to include another erroneous smear article about credit repair companies. I'm beginning to suspect that some of these so called consumer reporters are paid to print their lies.

The latest installment comes from a consumer hack out of Oklahoma. His name is Phil Mulkins and he writes for the Tulsa World. In his misleading, biased credit repair article Mulkins paints all credit repair companies as scam artists. He even makes the ridiculous claim that consumer credit repair is impossible!

Phil Mulkins's pack of lies only serves to harm consumers who are innocent victims of a fractured, unfair, incompetent and unjust credit reporting system. When I first read his article I couldn't believe a reporter could lie so audaciously about a much needed, legal and ethical consumer service like credit repair.

My first response was to leave a comment below his credit repair article on the Tulsa World. Next, I penned a response on our sister credit repair blog, Credit Repair News. You can read my response here, Phil Mulkins Swindles Readers of Tulsa World Credit Repair Article.

Credit Repair Florida Office

Thu, 08 Apr 2010 16:38:36 +0100

NCG is pleased to announce the opening of our most recent credit repair branch in Sarasota, Florida. Your contact in Florida is Greg Luque and you can reach him directly at 941-926-5875.

Greg is originally from Connecticut but has lived in Florida for many years. For a free credit repair consultation, give Greg a call today.

Credit Repair News - Credit Bureau Complaints Top List

Tue, 16 Mar 2010 08:44:49 +0100

Quick heads up about recent article on Credit Repair News. It seems the FTC recently published its list of top consumer complaints for 2009. Leave it to our sister site Credit Repair News to expose how the Government skewed the facts about credit repair and credit bureaus.

Guess who they favored? Check out FTC Juggles Credit Repair, Credit Bureau Complaints to discover the real story behind the Government's misleading report.

Credit Repair Lies

Mon, 08 Mar 2010 22:04:45 +0100

Recently I was invited to be one of the credit repair guests on a national webinar hosted by Mike Citrion of DisputeSuite. I appeared with credit industry experts Dominic Campasano and Todd Stern. This invitation was prompted by a credit repair article I penned on Credit Repair News.

Anyone who has been involved in the credit report help business as long as I have been can't help but be disgusted with the credit repair lies foisted on the public by government agencies, the Better Business Bureau and other so called consumer watchdog groups as well as the media in general. They rarely tell the truth about credit repair, an ethical, honest and much needed service industry.

I invite you to check out my credit repair article. You will discover the truth about credit repair companies and discover a side to this story rarely told in the main stream media. You can read the article here, "Chicago's Norma Reyes Misleads Public With Credit Repair Dog and Pony Show".

Free Credit Repair Tips

Wed, 03 Feb 2010 18:19:51 +0100

I often answer consumer questions regarding effective credit repair techniques. Here's a recent question I received pertaining to stubborn, obdurate credit bureaus and creditors who just won't do what the law requires then to do.

Here's the question:

I have several charge offs, and collections items on my credit report. I would like to get these items removed. The biggest challenge is with Experian they do not delete anything. I would like to purchase a home increase my score. I paid all my collection accounts and charge offs everything have zero balances three years ago. I only fell behind because I was taking care of a sick parent. My mistake was I never received or asked for a written letter from the creditor to remove it off my credit report after I paid it. At the time all I was thinking about 3 years ago was paying off my debt. Do credit repair work and is there any repair agency that is highly experienced with Experian. I tried the creditor but they will not work with me. I tried disputing all come back verified. I believe I need a experienced person to help with this.

Here's my answer:

I have been doing credit repair for 23 years. Clients pay me only after my work is completed. I mention this because there is so much misinformation online about credit repair. Often, well meaning folks try to convince people suffering with bad credit reports that there is nothing that can be done, that the negative items must remain there for seven years. DO NOT believe them! They are completely wrong!

There is no law that requires negative information be reported for any length of time (except delinquent child support payments over $1000 and certain student loans). If Experian wants to report your negative credit history, they must (after being notified by you) follow strict accuracy verification guidelines. In 23 years Experian (formerly TRW) has never done this for my clients. Experian's verification method is a joke, a lie. They reduce each dispute down to a 2 digit code called a CDV. They then rely on a low paid worker in India, the Philippines or another third world country to use this 2 digit code in communication with the original creditor to determine the complete accuracy of the account history in question. It's an impossible way to honestly verify if an item is completely accurate. Here's what you can do.

Experian told you the items have been verified. They lied to you. You must write to them insisting they supply you with the name and address of the person at the original creditor who claimed to verify the item. Also insist on seeing all the original documents for each disputed account. This includes the original signed application and the entire payment history including when payments were due, when they were received as well as how the principal and interest were computed. It is your right under federal law to request all the information on any account in dispute that a credit bureau claims has been verified as accurate. Experian and the creditor cannot or will not comply with your request. Often the unverifiable items will just be deleted. However, if Experian still refuses to comply with your request, you must sue them in small claims court. When prepared properly, a consumer rarely loses such a suit. Generally, creditors are immune to such lawsuits but credit reporting agencies are not.

One powerful tip I can give you is to research the name and address of the President, CEO or appropriate corporate officer at Experian. Include this person in your small claims lawsuit against Experian. After you win, this person from Experian will have a judgment against him. Due to stringers who gather public record data for the three major credit bureaus, this negative mark will eventually find its way onto the Experian corporate officer's personal credit report. He will then have bad credit...and ain't that sweet justice?

You can also have the items deleted or corrected by the original creditor. You mentioned the creditor will not work with you. When this happens to me for one of my clients I just go up the chain of command at the creditor's corporate office until I get someone who will listen to the extenuating, mitigating circumstances that caused the problem. This has enabled me to secure thousands of deletions for my clients because I eventually found a person at the creditor who had the authority and compassion to help someone who was being unfairly punished by a failed and uncaring credit reporting agency.

If you are persistent in your efforts to have an accurate credit report devoid of misleading, incomplete, unverifiable and erroneous information, then you will succeed. If you believe Experian or others who tell you to give up, that there is nothing you can do...then Experian will continue to ruin your life by selling a credit report about you that does not accurately reflect your true credit worthiness. Good luck and remember, get all the credit repair knowledge you can....and never give up!

Sure, folks can attempt to fix their own credit reports but I'm sure you'll agree from the above Q & A that there is a lot more to successful credit repair than sending dispute letters.

You Need An Experienced Credit Repair Pro To Fight The Credit Bureaus

Sun, 17 Jan 2010 22:41:05 +0100

The credit repair deck is stacked against you when you attempt to fix your own credit reports. Here is an excerpt from the eye opening expose on credit bureau practices, "Zero Day Threat" by Byron Acohido and Jon Swartz.

Zero Day Threat: The Shocking Truth of How Banks and Credit Bureaus Help Cyber Crooks Steal Your Money and Identity

book excerpt, page 90

Yet any consumer who attempts to get errors corrected is in for an Alice in Wonderland experience. Perseverance is a must, and a satisfactory resolution often requires assistance from the cottage industry of credit repair consultants and lawyers expert at bringing Fair Credit Reporting Act (FCRA) lawsuits against the big three.

Credit Repair Disputes

Tue, 12 Jan 2010 00:40:13 +0100

Credit Repair Disputes

By Chuck Rosseel

Today I am going to help you understand what a credit reporting agency does after you submit your credit dispute to them, and why persistence and perseverance are so important for your credit repair success. Under the Fair Credit Reporting Act a credit reporting agency is required to research your dispute with the source of the information. The credit bureau should check the entire record of the account in question and compare it with what they reported. This would allow them to make the appropriate changes and return a corrected, accurate credit report to you, the consumer, within thirty days.

However, the credit bureaus never do this. What they actually do with your credit dispute is shoddy and shocking.

They shrink each dispute to a two digit code called a consumer dispute verification. Often this CDV is sent to independent contractors located in third world countries all over the globe. Just picture such a verification process. Whether you get approved for a car loan, home financing, credit card, apartment, job or insurance now rests in the hands of an overworked, poorly paid, quota driven third world Joe using a two digit code 5,000 miles away from the original creditor. It's absurd, outrageous and not proof of verification by any reasonable definition.

Therefore when a credit reporting agency sends you notice that your disputed item has been verified and will not be changed do not accept it. Write back to the credit bureau and insist that they provide you with the name of the source person who verified it as well as documentation proving their claim. Never quit when faced with an obdurate, stubborn credit bureau. Continue disputing with the credit bureau and creditor until you receive an accurate credit report. There might be times when suing a credit bureau and creditor is your last resort. In future articles I will explain how to do this inexpensively using the small claims court.

In your dealings with credit reporting agencies it will help you to understand their mindset. Credit bureaus are not government agencies. They are for profit corporations that view the creditor as their customer, not you, the consumer. Although required by law to do so, credit bureaus have very little incentive to correct credit reports. They get paid for a credit report whether it is accurate or not. Thoroughly investigating your dispute would cost them money they are not willing to spend. Their shoddy data handling procedures keep the profits rolling in and you, the consumer, out of the loop unless you are persistent and vigorous in your dealings with them.

Chuck Rosseel is an award winning credit repair specialist who offers free credit score advice. He was the first representative of the credit repair industry to be invited to testify in Congress. Chuck has spoken nationally about credit repair numerous times. He has been featured on television, radio and newspapers across the country. He can be reached at http://creditrepairaffordable.blogspot.com

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