options.
But what if you had no other option? What if you were forced to choose between buying
food, and making the payment on your car? What if you were prevented from making
timely payments by a lack of employment, a medical emergency or some other personal
crisis? Should just one late payment result in up to ten years of being punished by
having to pay higher rates and fees?
One wonders why this system is allowed to operate as it does. In a court of law, judges
will give you a chance to defend yourself before deciding your fate - this is one very
important difference not to forget. In America, we are guaranteed the right to face our
accusers before judgment can be passed. With your credit record, however, this is
completely untrue. The credit bureaus have the final say on your credit report.
Unbeknownst to us, creditors and credit bureaus have been trading information about
us for a long time. They trade your personal information (name, address, social security
number), they trade your private information (who pulled your credit, what you
purchase, and the terms of your loan) and they trade your painful information (late
payments, liens, bankruptcies.)
bringing you financial hardship.
Under the current credit system, your credit file is stamped with negative and
damaging information, whether it is yours or not, before you have the opportunity
to defend yourself. Ironically, YOU are expected to prove whether negative or
erroneous information on your report is wrong. Remember, the credit bureaus will
assume that you are guilty unless you can be proven innocent. This is a direct
contrast to the common American principle that one is innocent until proven
guilty. Why do the credit bureaus not offer us this same courtesy?
It doesn't seem fair that we don't have any chance to defend ourselves before negative information is put on our report. The truth is that consumer rights would decrease the credit bureaus profits.
Credit bureaus exist to make a profit and their product is your credit file. Credit
bureaus sell your credit information, which their buyer’s (credit card companies, etc…)
rarely question. Creditors, in return, give the bureaus whatever data they may have
collected about you. Mistakes, however, are frequent. It doesn’t matter if the credit
report is right or not, it will be hard and expensive for you to prove that your information
is false.
What can you do about it?
Every person living in a democratic nation is entitled to a defense. Consumers
have the legal right to retain an attorney to defend themselves against unfair
accusations. Instead of you being forced to disprove negative items, the credit
bureaus should have to provide information verifying the accuracy of their report.
The law and Congress are in agreement. Because of the unfair nature in which your
information is collected and distributed, credit repair is both a legal and ethical right of
every American.
You will probably need more than just a standard form letter to corroborate your credit
worthiness. This is where our preferred attorneys come into the picture. Just as you
may choose not to repair your own vehicle, you do not have to repair your own credit
either. Using an attorney will strengthen your chances of having negative items
removed from your credit report. After all, are you more likely to act if you get a letter
from an attorney or a letter from an ordinary person?
Our attorneys question everything. If the credit bureaus issue statements that items
have been verified, they are not accepted and our preferred attorneys will continue to
press for validation of all negative items.
Credit bureaus have been in the driver’s seat for too long. They continue winning
unless you take action, so don't put it off. If you are tired of being in “Credit Prison”,
contact me now for solutions.
