Stop The Calls Fast

About a week and a half ago I promised to share with you some facts about the Fair Credit Reporting Act which most people do not know and that included me before I had  a very eye opening experience when I applied for credit at a location of a major national retail store. On December [...]

Filed under: Main Content by admin
No Comments »

Federal Government regulators filed the first suit of its kind against a credit counseling firm on November 19, 2003. The Defendant is AmeriDebt.  Specifically the FTC alleged that AmeriDebt “…made customers think that an initial fee would be part of their debt-reduction payments to creditors. Instead, it went to AmeriDebt.” In additon to the FTC [...]

Filed under: Main Content by admin
No Comments »

For those who watch their credit reports and who have built up credit profiles with high FICO scores there are certain facts which we assume are irrefutable. One of those facts is that under the Fair Credit Reporting Act negative or derogatory entries must be removed after 7 years plus 180 days from the date [...]

Filed under: Main Content by admin
No Comments »