After a complimentary credit analysis, we structure a game plan and time frame to remove the negative items being reported by the 3 major credit bureaus (Experian, TransUnion, and Equifax). We immediately begin working directly with the 3 major credit bureaus and the individual creditors that are reporting negative items on a particular credit report. By working diligently with the bureaus and the creditors, we are able to permanently delete derogatory items expeditiously. This also sets us apart from most credit remediation companies as they only dispute, via mail, and only with the credit bureaus not the individual creditors (Giving the consumer very little chance for success). I have emailed you two recent success packages (original credit report with FICO scores, deletion letters from the particular creditors, and the updated credit report with INCREASED FCIO scores) that illustrate how we were able to fulfill our clients' goals and help them save money on their loan programs (sometimes even saving them from losing their homes). The 2 examples include: 82 Point FICO Score Increase in 8 Days 65 Point FICO Score Increase in 40 Days and a Permanent Deletion of a 30 Day Mortgage Late We would love to work with you, your colleagues and any of your clients.
Wow, and to think I really could have paid someone to help me with my scores. I did it all by myself and went from 350 FICOs to 670 FICOS in alittle more then a year. All it took was hard work, determination and some good advice and reading of post from people like Biz, Hedwig, Apex, Fly etc who post on this board.
I would be careful with the statement "we are able to permanently delete derogatory items expeditiously.., as I do not see how you can make that statement in writing (without a "qualifier" or caveat statement attached). If you can perform these miracles, great, wish you the best of success. But....if it seems to good to be true....
I guess you left this part of the website out... Reviewing the website, I noticed this "fine print": "There are too many factors that make up the credit score to give you an accurate prediction of how much your score will increase. Since we do not know for sure which items we are going to get removed, it is nothing more than a guess for us to tell our client how much their score will increase." Well, so much for that.....
And this part?.... Well, I also noticed this wording about the "guarantee": "Our Guarantee Our money-back warranty is easy to understand and is the best in the business. We will refund 100% of your money if we do not remove more than 25% of all the negatives we work on, from all three major credit bureaus, within six months from the time the client signs up. In order for the warranty to apply, you must have at least four negatives on the credit report at the time of sign-up, and may not have used a credit repair agency nor attempted to repair his or her credit in the past two years. Unpaid collections and unpaid charge-offs do not qualify for the warranty and are not included. Client also agrees to send updated reports from each of the three credit bureaus to us within 5 days of receipt. Updated reports should be received by the client every 15-45 days. It is the client's responsibility to make us aware when the client has not received updated reports in this period. The part about "nor attempted to repair his or her credit in the past two years" is very interesting..
Look out Apex-competition! Here's another key item from the website: "We will also show you how to maximize your debt ratio score, even if paying off credit cards is not an option. Our Company even has methods of increasing your credit history with positive rated accounts that will improve your score." Hmmm....How would they do that? I'm sure this works into the guarantee somehow...
How would they know if you attempted to repair your credit in the past two years? And what exactly does "repair your credit" mean? Opening new accounts, getting limits increased to increase your score, what?
Thank you so much for your input and constructive criticism. We are always open to hearing people's opinions. For those of you that have been able to restore your credit worthiness on your own, my hat goes off to you. As you know there is a lot of work, time, and effort that goes into the process. This is why we have created a successful company that produces unbelievable results for our clients. We know that most consumers don't have the time that is necessary to achieve the results they are looking for or the results that are required for them to qualify for a particular loan program. On another note, we also know that most consumers don't know how or where to begin working with creditors that are reporting negative items on their credit history. In fact, most consumer either give up or say the wrong thing to the creditors which can be damaging. We have given special attention to all of these factors and created a systematic business that helps people achieve their financial goals. Again, we appreciate any and all comments and can provide actual testimonials that include: before and after credit reports with FICO scores from all three credit bureaus, any and all deletion letters obtained from creditors, and any and all documentation verifying deletions from the three major credit bureaus. For more education or information, please contact us directly.
I always promote a free market system, and if you are indeed able to get the results you promote, and your clients feel it is a worthwhile value, then my hat is off to you also. But please be cognizant of our skepticism, for this forum has seen many "businesses" fishing for business, and most do not deliver as advertised. There is also an incredible collection of expertise here on this forum, all focused on credit and debt management. This forum has an intellectual asset base of the legal, financial and business sectors of this field, I feel I speak for all the "seniors" here saying that none of us would make the same claims regarding potential results, nor would we hype the results as much. So, excuse our "criticism", but we have all been through this process, and know the systematic approach very well. We just truly find this incredible, very hard to believe. I also will speak for the seniors here, that we are also protective of the members who come looking for advice and help. We do not want to see anyone be "taken" for good money after bad. You may not be one of those firms, but be aware that you are in an industry that has built a bad reputation. As a businessperson I am sure you were aware of this market risk at your startup. In fairness, the "experts" here do not denounce any repair agency that is legitimate and professional, yet you are an unknown commodity at this point. Hence, we will err on the side of caution. The experts here always advise that if a new member wants to retain a repair firm, that is their option, and we advise proper due diligence before signing contracts and paying fees. In summary, our criticism and disbelief are the result of our own experiences and knowledge. Our skepticism is a result of the others who have prospected here as well. So, please do not take anything personally, but rather take it as a tool of awareness of the industry you have entered. Lastly, please respect that this is a forum, a community of exchange. I don't mean to be rude, but you have already gotten free advertising, and now the courtesy of contributing is upon you. There are other firms on this forum, who do act with the decorum appropriate to this venue. We look forward to your contributions, as they should be significant, based upon the documented results you have achieved with your system.
DOH!!! I never thought of that! All this time, I coulda just thrown out the fact that we increase scores by 900 points in forty five minutes rather than marginally substantive posts. Oh well, I'm just some dumb hick from West Virginia. Seriously, these companies kill me. Are people naive enough to buy this garbage? If so, we could certainly make more money. Sleeping at night is still a priority for me though as is avoiding lawsuits . . .
Perhaps . . . I can tell anyone though from doing this long enough that you're not going to get 80 points in a matter of days. At least not legally. Sure, you can go down to the police station and fill out a false affadivit and remove items but, we're not going to advise you to do it. Anyone that does should be brought up on conspiracy charges. Let's see if they will give some disclosure, at least a marginal representation of the truth. For anyone who is interested, a truthful disclosure would be a deletion rate of about 55% or 65% if they are very proficient and have a good number of contacts at prominent collection agencies/debt purchasers. This is our average rate. Takes us about 80 days or so to achieve. Average increase through this process is 80 to 100 points. Bear in mind that we typically do not accept clients with a FICO lower than 550 or more than eight derogatories. We don't because we cannot in good faith accept money from them because even if we could get them 100 points, what would that acheive. In other words, what I'm saying is that we could probably show better statistics if we took lower scores. Lower scores move upward a little easier. Still, at least we're honest and oh, we actually follow the laws and regulations that govern what we're doing (a good first step for FSS is not to make untruthful claims and "guarantees"). Now, the account addition game is completely different but, I won't delve into that here.
In addition to the above, I'm curious to see what FSS offers after their requests for re-investigations. Most credit service organizations cannot remove everything. We overwhelmingly do not. Again, that is just being honest. I wish we could compell every collection agency, creditor, credit reporting agency, and debt purchaser to follow the FCRA, FDCPA, FCBA, and WVCCPA but, they don't. If they would, our rates would be astronomical. The problem I'm hinting at is that most organizations use the "not mine" dispute each and every time. The not mine dispute is okay on the first requests if done by a consumer. We can't draft and issue those because it would be illegal for us to do so under the CROA but, I digress. In any event, the not mine dispute yields no cause of action (unless it truly isn't). What that means is that the consumer, our client or their client, has no recourse when some items are inevitably verified. This just leaves them holding the bag and sometimes a dehabilitating bag if it is a certain type of tradeline; i.e., charge-off, etc. That's why we pinpoint dispute inaccuracies. That's why we communicate with furnishers. In other words, these organizations need to read Johnson v. MBNA and Cushman v. Trans Union. Now, it is true that most of our clients have no interest in litigation however, at least there is that option at the end of our services. If they are interested, we refer it out. If they're in WV, OH, VA, or TN, sometimes we file the Complaint. If the case is good enough, sometimes we file it for out-of-state plaintiffs here (rare). But enough about us . . . I just wonder how many companies go about this in the same fashion.
And that's a good thing!!! I would also want to be able to sleep at night if I were in this business, and I would want to know that I was being honest and up front with my clients.
Good point Hedwig. Unfortunately, a lot of people who end up dealing with these kinds of companies wait until the last minute to respond, or they don't at all, to the situation that created their credit problems (judgment, CO, etc.). They may be overwhelmed by life's circumstances and look for an "easy" way out. As we all know, given the Credit Industry landscape and it's anti-consumer bias, there is no easy way out. Just a lot of hard work, time and persistence. How many times have we read that a CRO "can't do anything for us that we can't do ourselves". In many cases the CRA's immediately know that a CRO is sending letters in for the consumer and respond accordingly. In addition, many of these CRO's have LESS knowledge of the laws than a lot of us on these boards that have been in the trenches for a while. I would like to believe that their motives are on the up-an-up, but I believe that they look at their clients as annuities (considering that they tell their clients that it could take 12+ months to achieve results). The claim that it can be done it 8 days is ridiculous and borders on fraud and misleading advertising targeted at a gullible credit consumer. A
