This morning I was one of many realtors in the area that received this e-mail. Please, read as you might be one to have received it too, or will be getting it in the future!

Subject: Credit Repair-Let's Partner

I am interested in networking with you in regards to declined applicants not being approved for financing due to credit challenges. We are a full credit repair/restoration company and we are having great success in deleting late payments, charge-offs, foreclosures, collections, bankruptcies, etc.

We turn our clients around in 30-90 days with a 100% money back guarantee on our services.  We also help individuals establish new credit with unsecured trade lines.  Based on our reputation with the lenders, our clients are guaranteed for approval of $7,500 which is helping to increase scores significantly in itself. Ask for the link to our interactive & references also see the attached deletions of BKS, TAX LIENS and before and after to see how effective we are. Give us a call today xxx-xxx-xxxx

We've remove thousands of negative items from our client's credit reports. Over 80% of Americans have at least one or two negative items on their credit report, and unfortunately, just a fraction of those people are even aware that credit repair is a legal option. By utilizing the rights provided by state and federal law, we've removed thousands of negative items from consumer's credit reports. Items we've commonly deleted:

• LATE PAYMENTS
• SHORT SALES
• CHARGE-OFFS
• FORECLOSURES
• TAX LIENS
• COLLECTIONS
• JUDGMENTS
• REPOSSESSIONS
• STUDENT LOANS
• BANKRUPTCY
• INQUIRIES
• ADDING NEW TRADE LINES

You name it, We delete it. Give us a call if you or your clients are dealing with these issues xxx-xxx-xxxx
 
FACT: Under the Fair Credit Reporting Act (FCRA), it is your legal right as a consumer to have your credit report improved. 
 
FACT: Under the Fair Debt Collections Practices Act (FDCPA), it is your legal right to put an end to all of the harassing phone calls from creditors  and collection agencies.
 
Creditors and credit reporting agencies have spent millions convincing Americans that credit repair is not possible. Don't be a victim any longer. Millions of Americans are under the impression that the credit reporting  agencies are part of the government, when in fact the credit reporting agencies are not government related.  Credit reporting agencies are privately owned companies that make their money by collecting information about you and selling it to others.
 
Fortunately, Congress has passed a collection of laws called the Fair Credit Reporting Act (FCRA), and the Fair and Accurate Credit Transactions Act (FACT Act) which regulates the actions of the credit reporting agencies. Before anything may be added onto your credit report, the credit reporting agencies must ensure that:

1) the information meets all legal reporting requirements,
2) the information was properly verified as accurate and complete, and
3) the information does not violate any FCRA or FACT Act laws,   

There are more than 320 federal credit reporting laws, and it is highly common that unsubstantiated information is  aded to credit reports without proper verification.  A recent study from the United States Public Interest Research Group (USPIRG) has documented that a staggering 79% of all credit reports do not meet full legal compliance.
Note: This means that most negatives can be removed from the credit report because of improper filing. 
 
Chances are your clients and your personal credit report is a part of the 79%. Let us restore your buying power buy making the America dream of home ownership come true. Give us a call today and allow us to restore your economic power. 

Frequently Asked Questions:

Is your industry regulated by the state or federal government? Our  Industry is regulated by the FTC and we use the statutes of the FCRA (Fair Credit Reporting Act) to improve our customers credit.

What is the success rate? How is success determined and measured?  Success is measured in a variety of ways: number of deletions, percentage of deletions, score improvement, public record deletions such as bankruptcies, tax liens, etc.  Success is determined by improvement in score and deletions as reported by the credit bureaus to the consumer.  Also, keep in mind that we not only delete derogatory information but we also guide our customers through the process of obtaining significant lines of unsecured credit, up to $7,500.00.  Ask me more about the new credit lines for clients who have a high debt-to-income ratio or no credit at all.

What is the average time frame to make a significant impact?   Customers typically start seeing an improvement in their scores within 30 days if they follow our advice and pay all current financial obligations on time and open their unsecured lines of credit. The average customer is going back to their mortgage company in about two to three months for loan approval.

Can you please explain soft and hard deletes as it relates to the cycle? What can one expect?   Most consumers are under the false impression that credit bureaus can arbitrarily re-insert deleted items.  This is false. Credit bureaus and creditors must notify the consumer within 5 business days of reinsertion if they do not do so the consumer may levy a $1000 fine on each bureau and each creditor.  We've never seen a 5 day notice .

We look forward to your call xxx-xxx-xxxx

I replied back to the e-mail and threatened to report them. They had the nerve to call me and tell me that I was ignorant and missinformed and I didn't understand the loopholes of the law. For any of you that are curious to know the real truth of what the law says, visit the Federal Trade Commission's website, consumer's help page at http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtm 

Here is just a small paragraph from the Federal Trading Commissions website: "No one can legally remove accurate and timely negative information from a credit report. The law allows you to ask for an investigation of information in your file that you dispute as inaccurate or incomplete. There is no charge for this. Everything a credit repair clinic can do for you legally, you can do for yourself at little or no cost."

Also, if any of your clients with credit problems has been contacted by any of these companies, let them know that the FTC specifically states: "SCAMS. Everyday, companies nationwide appeal to consumers with poor credit histories. They promise, for a fee, to clean up your credit report so you can get a car loan, a home mortgage, insurance, or even a job. The truth is, they can't deliver. After you pay them hundreds or thousands of dollars in fees, these companies do nothing to improve your credit report; most simply vanish with your money."

These companies are mushrooming ever more taking advantage of the tough economic situation we're in and the increased number of families facing challenges and declining credit scores! Please, help educate your clients and don't let them fall for these scams! What a shame!