CONSUMER CREDIT PROTECTION LAWS
Fair Credit Reporting Act (FCRA)
It is intended to ensure the accuracy and fairness of the credit reporting system.
The Equal Credit Opportunity Act (ECOA)
Prohibits discrimination in credit transactions for a variety of factors (including race, color, sex and religion), also makes it illegal to discriminate against you, because you have exercised your rights under the FCRA.
The Fair Credit Billing Act
Establishes procedures for correcting errors on credit cards and similar accounts.
The Fair Debt Collection Practices Act (FDCPA)
Establishes procedures for correcting errors on credit cards and similar accounts.
TO KNOW
Credit Help USA would like for everyone to understand some very important facts about credit, credit scores, credit repair, and our credit repair services. There are three major credit reporting agencies. They are for-profit, national credit multi-million dollar corporations that are not government agencies. They collect and sell private personal information about your credit to employers, landlords, creditors and insurers, along with other companies that solicit for insurance and credit offers.
This is the way in which they make money. These agencies work for creditors, and the more credit checks that are performed, the higher their income. You might find yourself asking, “Is repairing my credit in the best interest of the credit bureaus?” The answer is ABSOLUTELY NOT! These agencies do not have a part in repairing bad credit. Restoring good credit is the opposite of what they are about. Updating their records and concern for accuracy do not appear to be the credit bureaus’ highest priority. This results in your paying higher interest rates due to a low credit score.
These corporations sell personal credit history information to retail companies, mailing list companies and telemarketers without your permission, and frequently without the individual even knowing it! These companies will admit that errors occur on the consumer’s credit reports; however, it is your responsibility to check your credit report for accuracy.
Credit Help USA would also like to remind you that non-profit credit counseling services are, more or less, “sponsored” by major banks and lending companies. They work for creditors, and not for you. What they don’t tell you is that their services will ruin your credit and does nothing to repair the damage done prior to or after their service.
Credit Help USA is immensely different from any non-profit credit counseling company, because we do not work for the creditors. We work for YOU. Many are not clear why they may need to restore a good credit rating. There are some obvious reasons; for example, bad credit prohibits the ability to borrow. The restoration of a good credit rating is fundamental for those negatively haunted by their poor credit history.
Most importantly, Credit Help USA would like you to understand that bad credit is costly. Bad credit is VERY expensive. Without your knowledge, it could be costing you greatly. Credit improvement can save some individuals tens of thousands of dollars. Everything bought, whether it’s a house, car, or new outfit, in fact, costs more when your credit is poor.
Do you know what is reported on your personal credit history report?
LEGAL CREDIT REPAIR
Credit Help USA and it’s associates have been
in business since 2001 and have over 16,000
clients.
Do not confuse us with the normal credit repair
company. Our approach is legally based and much
more sophisticated.
Credit Help USA uses highly trained investigation personnel to find flaws in the items reported on your credit. Federal Law states that accurate information cannot be removed from your credit. The key word is ‘accurate’ and what the definition of ‘accurate’ is. An item can be yours, yet because of small and simple inaccuracies, the whole item must be considered inaccurate. This can be simple things such as dates,balances, etc. When we find this type of mistake, we can usually have that item removed. Remember, Federal Law states that erroneous, outdated, unverifiable and INACCURATE information must be removed. We normally can remove approximately 75% to 80% of the negative listings on your credit reports. We work with the three major credit bureaus. Why do companies report inaccurate information? Simple. It’s cheaper for them not to spend the time to verify all the information they receive. Remember, you are not their customer, the creditors are.