The FTC or Federal Trade Commission has been investigating consumer complaints of fraud and unfair business practices in the United States for more than 90 years. They also work on behalf of the consumer by gathering and publishing consumer information to help educate and inform them.
Some credit repair agencies have been charged with making fraudulent claims and you should be aware of this. Some companies might claim to repair your credit in a short period of time and the FTC says this is illegal.
Every company in business must use care in their claims they make and so it is with credit repair agencies as well. The Federal Trade Commission charged a company under the name of the national credit repair agency with "engaging in fraudulent credit repair activities" in 2003.
This credit agency claimed to consumers that they could remove any information from their credit report with a unique and sophisticated software system that they had. According to the FTC complaint, they did not have this special system, but by making this claim they were able to entice more than 183,000 consumers to spend a large amount of money, in the tune of $53 million on credit repair services!
Your credit score reported by the credit bureaus are usually accurate and verified but errors can happen. If you think you have inaccurate or unverifiable information on your credit report than you have a right to dispute it. No credit agency should suggest that you dispute any information that is accurate.
All credit bureaus have thirty days to investigate the disputed information you have.
The FTC advises that you associate with a law firm when you decide to get credit repair help. A reputable law firm will know of many legal methods to use that will get you on your way to a better credit score.
Be aware of illegal methods, such as file segregation, using employer identification numbers and making false statements on credit applications. The consumer would be wise to steer clear of any credit repair agency that recommends any of these options.
To make a complaint against an agency or company, make sure to visit the FTC website.
To repair your credit, your first step is to get your free credit report from each of the top three credit bureaus Equifax, Experian and TransUnion. You are entitled to a free report every twelve months under the The Fair Credit Reporting Act.
Go to the website or call the toll free number 1-877-322-8228. The address is Annual Credit Report Request Service, PO Box 105281, Atlanta, GA 30348-5281 to send in your request.
It may take fifteen days or more if you order by phone or by mail. You can get it instantly if you order online.
Some credit repair agencies have been charged with making fraudulent claims and you should be aware of this. Some companies might claim to repair your credit in a short period of time and the FTC says this is illegal.
Every company in business must use care in their claims they make and so it is with credit repair agencies as well. The Federal Trade Commission charged a company under the name of the national credit repair agency with "engaging in fraudulent credit repair activities" in 2003.
This credit agency claimed to consumers that they could remove any information from their credit report with a unique and sophisticated software system that they had. According to the FTC complaint, they did not have this special system, but by making this claim they were able to entice more than 183,000 consumers to spend a large amount of money, in the tune of $53 million on credit repair services!
Your credit score reported by the credit bureaus are usually accurate and verified but errors can happen. If you think you have inaccurate or unverifiable information on your credit report than you have a right to dispute it. No credit agency should suggest that you dispute any information that is accurate.
All credit bureaus have thirty days to investigate the disputed information you have.
The FTC advises that you associate with a law firm when you decide to get credit repair help. A reputable law firm will know of many legal methods to use that will get you on your way to a better credit score.
Be aware of illegal methods, such as file segregation, using employer identification numbers and making false statements on credit applications. The consumer would be wise to steer clear of any credit repair agency that recommends any of these options.
To make a complaint against an agency or company, make sure to visit the FTC website.
To repair your credit, your first step is to get your free credit report from each of the top three credit bureaus Equifax, Experian and TransUnion. You are entitled to a free report every twelve months under the The Fair Credit Reporting Act.
Go to the website or call the toll free number 1-877-322-8228. The address is Annual Credit Report Request Service, PO Box 105281, Atlanta, GA 30348-5281 to send in your request.
It may take fifteen days or more if you order by phone or by mail. You can get it instantly if you order online.
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