Credit Repair Laws
There is more to credit than the Fair Credit Reporting Act.
Most people believe that credit repair begins and ends with the Fair
Credit Reporting Act. In fact, there are thick pamphlets and even
whole books directed toward consumers whose entire contents dwell upon that
singular Federal statute. Amazingly, in many cases, authors simply reprint the
entire text of the law verbatim, presumably just to fill half their pages.
for that, you pay money.
the author's best efforts, there are those who don't
want a master's degree in consumer credit repair laws. They
don't desire to expand their intellectual horizons today. They're just seeking
an extra hundred FICO points so that mortgage brokers, car dealers, and credit
card companies won't pillage their financial accounts. If that's your position
as well, then consider telephoning the professionals at RMCN Credit Services,
Inc. 888.4.MY.REPAIR or visiting our site at www.RepairMyCreditNow.com. RMCN is one of the largest credit services
organizations devoted to helping consumers with credit report issues in the
the credit landscape is littered with lawless debris. Such tactics include
booklets and consultants who may suggest identifying someone near your age who
died as a child and attempting to establish credit in their name. Others advise
simply making up a Social Security number in accordance with some
geographically-based numbering scheme, and applying for credit with that. Still
others teach how to acquire an IRS Taxpayer Information Number (TIN), which
looks like a Social Security Number, and using that. Needless to say, every one
of these methods risk loss of freedom, income, and
community standing. Anytime you see a seductive advertisement on the net or
elsewhere for "NEW CREDIT FILE OVERNIGHT," steer clear.
you won't find that type of credit repair espoused in this document. Instead,
Federal statutes should be leveraged in the service of improving your credit
standing. Laws must be chased and embraced rather than shunned and avoided.
truth is that truly legal credit repair is a gradual process that takes time to
fact is that any solid credit repair campaign should pay tribute to many,
rather than just one, Federal statutes. In addition to the oft-chewed but
rarely digested Fair Credit Reporting Act (FCRA), one must also consider
Credit Billing Act (FCBA) as well as the Fair Debt Collections
Practices Act (FDCPA), Fair and Accurate Transaction Act
(FACTA), and the Health Insurance Portability and
Accountability Act (HIPPA).
these consumer protection statutes define your civil rights as a consumer.
Understanding -- and even better, exercising and enforcing -- those federally guaranteed protections is the absolute best
way to transform a poor credit score into a really good one.
make no mistake. Any solid credit repair campaign should begin with the FCRA.
However, despite the prevalent groupthink found practically everywhere on the
internet and in bookstores, it needn't end there.
Visitors who read this page also viewed these pages: