bad credit report repair

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bad credit report repair

Sharane Gott explains bad credit report repair scamsWhen is a credit score repair service offer a scam?

Sharane Gott explains bad credit report repair scams

 

By the end of 2007, Americans owed more than $915 billion in credit card debt, and the credit crunch is clearly impacting consumers as lenders are becoming more choosey about who gets loans and who doesn't. 

Given stricter loan and credit requirements, Better Business Bureau is warning that some companies are using the credit crunch to take advantage of consumers by promising bogus credit repair services that can be costly and in some cases illegal.

My Credit Repair

My credit group is truly one of the industry leaders in the credit repair and consulting industry. We’re nearly a decade old and maintain a spotless BBB Track Record. We’re FCRA Certified and were nominated for The Best Customer Service Award by the Chamber of Commerce.

We work with the Nation’s largest lenders such as; Washington Mutual, Chase Manhattan, Wells Fargo and the Department of Defense.
With My Credit Group Inc. 

 

Complaints to BBB about credit repair companies have risen for three straight years, topping more than 1,400 in 2006 - a 38 percent increase since 2004. More than 400 of those complaints were not resolved, meaning BBB was not able to track down the company or the company refused to take steps to resolve the issue with the consumer.

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With the economy slowing and lenders becoming increasingly picky, many people are looking for fast, easy ways to fix or even erase damage to their credit history. Consumers need to be very careful when searching for or using a credit repair agency. In some cases consumers are being charged for work they could have done on their own for free, and in the worst case scenarios, consumers are unwittingly encouraged to engage in illegal activities, without their knowledge.

Consumer Reports notes that Americans find nearly 13 million inaccuracies on their credit reports each year. With millions of inaccuracies in credit reports, BBB encourages all consumers to check their reports. Everyone is entitled to a free copy of their report from all three credit reporting bureaus every year or if they have been denied credit within the last 30 days (go to: www.AnnualCreditReport.com). Almost everyone these days knows of someone that has access to the Internet; it is important that you check credit report.

The law does allow an individual to request reinvestigation of information in their file that they feel is inaccurate or incomplete, and there is no charge for this process. BBB is reminding people that everything a credit repair company can do for them legally, people can do for themselves at little or no cost.

Companies must also provide a written contract that spells out the consumer's rights and obligations. BBB advises anyone using a credit repair service to read these documents carefully before signing anything. BBB also suggests consumers beware of companies that:

Do not tell you your legal rights and what you can do - legally - for free;

 
Recommend that you not contact a credit bureau directly;
Want you to pay for credit repair services before any services are provided;
Advise you to dispute all information in your credit report;
Take any action that seems illegal, such as creating a new credit identity by obtaining a federal employer identification number to use instead of a social security number;
Offer to let you "piggyback" on another consumer's good credit.

Before contacting a credit repair service, consumers can check them out first with BBB by easily accessing BBB Reliability Reports free of charge at www.bbb.org.

For consumers with serious credit problems, Consumer Credit Counseling Services are available for a low fee or, in some cases, for free. Some of the services provided may include working out a payment plan with lenders, as well as guidance and advice to help consumers make more financially sound decisions in the future. To find the nearest CCCS office, call toll-free, 800-388-2227, or go to www.nfcc.org.

Sharane Gott, president of the Better Business Bureau of Acadiana, may be reached at 981-3497 or contact the BBB on its Web site: www.acadiana .bbb.org

 

We encourage you to visit our site at my credit group and have a look around. We want you to know, and understand us before you make this important decision.

 Visit Bad Credit Report Repair Group Today!

“While some companies offering credit repair services strive to get as big as they can, as fast as they can, My Credit Group’s focus is on being as helpful as they can. To My Credit Group, ethics and education should always come before profits. They believe the customers deserve the piece of mind knowing you can turn to them for honest, safe and substantial results and are continually recognized for outstanding performance as a credit company, market leadership, and their strict code of ethics.

The company is registered with the Secretary of State & the Attorney General; and after almost a decade of helping consumer’s with their credit, they still maintain a flawless track record with the Better Business Bureau!

My Credit Group is Fair Credit Reporting Act Certified, Nominated for San Diego’s Best Customer Service Company, and was the only civilian credit repair company to be utilized by the Department of Defense.”

visit my credit group

 

 


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