Credit Repair Company

Disputer:

I applaud you for being upfront and honest with potential clients about your services. I think many times people take the stance that you have described because all too many times these companies promise the moon and also because they have been told so many times by the media etc.. that nothing can be done to improve your credit you just have to live with it for 7-10 years. Good luck on your business. I too am thinking of getting into this line of business once I have successfully cleaned my reports. I think it's a great service once you do what you say you will do and are always honest, provide good customer service and keep your customers informed every step of the way.

 

Disputer,

I too applaud you for being honest.

So many people have been ripped off, told to apply for fake ssn's etc....... That is why people have a bad look/feelings towards credit repair agencies.

Again, I applaud you for your honesty ;-)
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Robin,

I too was thinking of doing 'part-time' repair.
I work in the daytime and weekends, so it will have to be 'part-time'.

I am using my sister's credit as a 'get your feet wet' case.

But the repair of my credit comes first.

I think if you do it correctly (legally), it can be a great side business, and you'll be the hero of your town ;-)

 

There is a company (this co. consists of 5 offices on the coast of Ms.) that were charged w/fraud. I did not read the paper so I do not know exactly what they did, I do know that several people were arrested. What exactly is crossing the line in credit repair? I have taken on a few clients myself, but these people also have seen a disclaimer same as above, it is required per CROA. These people also understand that I only have personal experience. I actually have a couple of mortgage companies sending me some buisness.

 

I used to work for a government agency that regulated this industry. The problem here is that 99% of the companies are frauds, doing nothing for the consumers. They take your money upfront, and you never get any help.

There are legitimate companies out there doing credit repair, but most only want your money. I would put them in the same category as the preapproved credit card companies that send you a catalog of overpriced merchandise that you can buy with their card.

The few legitimate ones are tarnished by the many crooks.

I don't think I am exaggerating when I say that 99% of them are crooks who do nothing for you in return for your cash.

 

One additional thought I forgot in my post above. I don't ever remember having a complaint come in on a credit repair company accused of doing something illegal in trying to repair someones credit. The problem was always failure to do anything for the consumer after collecting a fee.

 

Well I am really curious as to what they did to actually get arrested. There is a ton of companies here that I have heard nothing but praise. But I do agree a lot are fraudulent

 

That's what I understand you can't do and what the lawsuits are about -- collecting fees upfront.

And, I believe some places get around that by doing pay as you go programs, automatic checking or credit card deductions, etc.

Mostly, I believe, the CRA's are just scared and threatened of anyone or any organization that promotes knowing your rights and knowing what is required of the CRA's, furnishers and 3rd party collectors -- that threatens their monopoly on oppression via credit scores.

They count on us not knowing we can do it ourselves and if we know, not having the stamina and endurance to play their papergame -- they however, didn't consider the credit-net addiction factor ;-)

Sassy