Beware Dangerous Credit Repair Scam Guaranteeing To Remove ALL Derogatory Credit Information!

PLEASE close your wallet and listen carefully: Credit repair guarantees and promises to remove any or ALL derogatory credit information are definitely dangerous and potentially illegal.

As much as you may want to believe it’s possible, no person or company (not even a law firm) can remove accurately reported and correctly verified credit information.

NOTE: Outdated, time-barred and/or inaccurate credit information can be challenged and deleted (if that’s your preferred strategy) from Equifax, Experian and/or Transunion.

Regardless, credit repair guarantees and promises to remove ALL derogatory credit information are incorrect and legally problematic. Truth is, credit repair “opportunists” KNOW desperate consumers with bad credit buy on emotion, not logic. They KNOW desperate people turn off their brains & whip out their wallets, stepping forward to buy pleasure or remove pain.

Instead of credit repair, I call it CREDIT DISREPAIR – and these opportunists sell the dream, stealing desperate people’s money – causing legitimate derogatory disputes to be flagged as frivolous or (worse) uninformed consumers to be sued!

• Yes, you can be sued when a credit (dis)repair company blindly fires off template dispute letters challenging legitimately reported derogatory credit information.
• Yes, the BIG 3 credit reporting agencies can flag (even) legitimate disputes as frivolous, preventing you from disputing them again.

Beware Credit Repair Guarantees!

In fact, one particular BIG credit (dis)repair company calling itself a “law firm” generates more complaints than any other person or company contacting me. Desperate people think a law firm can & will fix their credit.

PLEASE do not open your wallet, if you see credit repair offers promising or guaranteeing to remove LEGITIMATE derogatory credit information, including:

1. Bankruptcy
2. Foreclosure
3. Judgment
4. Charge-off
5. Collections
6. Repossession
7. Late payments
8. Loan defaults including short sales
9. Negative tradelines of any kind
10. HELOC (i.e. home equity line of credit)
11. Or any other negative credit information

Among the obvious credit disrepair traps include:

• The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.
• The company doesn’t tell you your rights and what you can do for yourself for free (see the FTC’s website)
• The company tells you they can get rid of most or all the negative credit information in your credit report, even if that information is accurate and current.
• The company advises you to dispute all the information in your credit report, regardless of its accuracy or timeliness.

Think before you act!

Credit repair expert Mike Payne helps people improve their credit and grab the keys to their new homes at http://www.fixmyuglycredit.com. Mike’s step-by-step, do-it-yourself credit improvement blueprint teaches people HOW to improve their own credit legally, effectively & finally. No dangerous gimmicks that risk legal peril for you.  If you are contacted by a debt collector, please refer to your legal rights under Fair Debt Collection Practices Act and strongly consider consulting with an attorney who specializing in FDCPA.

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