As such, we applaud the Better Business Bureau and Federal Trade Commissions’ proactive campaigns warning consumers of such scams. Our view remains steadfast; that these companies not only fail to provide long-term benefits to their customers, but most times make matters even worse than before. Many times these companies are even breaking the law on their customer’s behalf.

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To answer these questions you first have to think about your personal needs, your current situation and your future goals. Where one may be the best credit repair company for somebody else – it may be entirely the wrong company for you.

With that said, I’ve compiled a list of general guidelines that anybody looking for the best credit repair company can safely use as a checklist. For the most part they are in order of priority. Feel free to reorganize them to fit your needs, but all things considered I think it’s fairly reliable.

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I wrote a post about Universal Default a little while ago, stating how sleazy of a tactic it was by lenders.

Well, BofA found a way to stoop even a little lower. Where universal default typically had to have something trigger it like a late pay, now they just raise rates on whomever they “feel may be a risk”

You can read the full article here

If you’re not familiar with Robert, he’ responsible for some of the mostSuccessful consumer credit related cases to date. A Couple of Robert's notable cases:

Ca. Courts Order Wells Fargo to Pay over 1 Million for False Credit Reporting

Arrow Financial To pay 100,000.00 for Unfair Debt Collection

To Schedule an appointment so we can dicuss your case call us toll free at: 800-430-7494

From 1988 until 2000 I worked in the investment and financial planning industry. From 2000 on, I’ve been right here harassing the credit bureaus.

Today, I wanted to dust off my economic hat and talk about the economy. There are some economic trends I haven’t seen in a long time (if ever), including big time opportunities.

The Bad News…

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In short, advocates of the prohibition thought alcohol was “the devils advocate“, responsible for crime, poverty etc. On January 16th. 1920, the 18th amendment was put into place to make it illegal to sell, transport or manufacture alcohol.

Problem solved. Take away the cause and solve the problem right? Wrong, in fact it could easily be viewed as a miserable failure. Violent crimes skyrocketed, deaths skyrocketed and gangs flourished.

So what’s this have to do with credit repair services? Continue reading and you’ll see.

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But What Happens When You have Bad Credit - Really Bad Credit?

What if You have The Worlds Ugliest Credit Report?

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While far from a new industry it is however, a dead industry.

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So, I think this will be the first of a series of “Friday Credit Repair Q&A posts.” Yes I know its Saturday – but I answered these on a flight back from Denver.

Here it goes…

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Statistics like these have spawned a fast growing industry of products offering identity theft protection - but are these services worth it, or just another attempt to get into your wallet?

I hate to burst your bubble, but I say they are near worthless and I have some preliminary proof of my own.

Let me explain what I’ve done and you can decide for yourself.

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I highly recommend you NEVER use their online dispute systems, and I'll explain why.

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It seems no matter what you read on the internet about credit repair services, it all says the same thing.

“Send the credit bureaus a dispute letter. They have 30 days to verify the debt in dispute, or it must be removed from your credit report”.

Haven’t seen one? Feel like getting really disillusioned with people who call themselves experts?  Go here and navigate to the third page of their article

Sure, there was a time (a long time ago) when dispute letters worked. That was then, this is now and these letters are a waste of time.

If you rely on nothing more then these letters to repair your credit, you’re going to get marginal results at best. More realistically, you’re going to get sued and I’ll tell you why.

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Imagine I just took a picture of you; and it’s going on this blog for the world to see.

How’d you look?

Chances are, unless you’re one of the annoying lucky few who always look perfect, it’s not the picture you want the world looking at. If you’re like most of us, you’d want a chance to at least do the hair check thing.

Your credit score is no different.

Rarely does it look good all the time - but with forewarning and a little primping, it can take as pretty a picture as anybody.

Here’s why I bring this up.

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I know silly question. Of course you do.

Google the phrase “Credit Repair” and you’ll find hundreds of thousands of websites publishing the same generic, useless crap about “under the FCRA you have the right to dispute…yada, yada."

Sure, it’s important to know how to remove negative items from your credit report (that being the worst way BTW), but removing negative items is only one part of a good credit score.

We’ve helped tens of thousands of people just like you - raise their credit scores by 80, 90 and even 100 points before we even begin to remove negative items.

Want to know how?

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“Send us your credit reports. Tell us which items to dispute. Sit back, relax and let us work on your credit.”

Read just about any credit repair company’s website and you might notice their dispute process sounds something like that. I see the appeal; and to a consumer who doesn’t know the ins and outs of credit repair might think a simple process is best.

After all, they’re the experts. Let them do their jobs right?

What if I told you that this simple little process is the surest way of getting yourself sued? It is. I guarantee it. Keeping reading and I’ll prove it.

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The House of Representatives has a bill that is scheduled to be voted on next week. If you’re a mortgage broker, loan officer or even consumer – I strongly suggest you let your voice be heard. Now, I’m none of the above, but we work with literally thousands of Loan Officers that may have to find new careers soon if this passes. Here’s my take on this matter. (more…)

They have reasons why they think still a viable tool. For example: it will take a while to implement, loan officers have their own scoring models, it’s only fair Isaac etc etc.

I promise you this…
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We all have. It’s common sense.

I still remember the little chat my Dad had with me about credit when I was about 18 and got my first Montgomery Wards card. He said,

“Marc, credit can be a great thing; but make sure you always pay your bills on time or you're going to regret it."

What if I told you just “paying your bills on-time” was hurting your credit score? It’s true. Let me explain.

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