MrCleanCredit is here to teach you everything you need to know about Credit Repair. Most people have heard about Credit Repair at some point, but have no idea how to go about it. Currently there are three options when considering credit repair
1.) Do it yourself – HIGHLY RECOMMENDED
2.) Hiring an Attorney – VERY COSTLY
3.) Using a Credit Repair Company – BUYER BEWARE
MrCleanCredit highly recommends doing Credit Repair yourself and we provide you the tools to complete the task. Check out our FREE Credit Repair Kit and learn the secret to Credit Repair! You can always hire an attorney, but they will charge you astronomical amounts of money to do the same thing you can do yourself. Beware of Credit Repair Companies because by law, they are NOT allowed to charge any upfront fees for any credit repair services they provide. Learn more about the Credit Repair Organizations Act BEFORE YOU PAY a Credit Repair Organization.
FREE Credit Repair Kit by MrCleanCredit
The bottom line is the Credit Repair Process is simple and easy to complete. Just download our FREE Credit Repair Kit and you can get started on improving your credit score right away.
There are several consumer protection laws that regulate everything from credit reporting to the actions that collection agencies can take. Here you will have a chance to learn about the laws that regulate the credit industry and how you can improve your credit score by taking advantage of the laws.
Ultimately, MrCleanCredit is designed to help you recover from unexpected economic events and teach you information about credit reporting. By taking advantage of credit related consumer protection laws such as the Credit Reporting Agencies Act and the Fair Debt Collection Practices Act you can be on your way to a higher credit score.
Collection agencies have obstacles
Most consumers do not realize that collection agencies are so overburdened with collection efforts that they are consistently violating consumer protection laws such as the Credit Reporting Agencies Act and the Fair Debt Collection Practices Act. Credit laws may look a little tricky at first, but fortunately the laws are in the consumers favor.
Complaince
One obstacle that collection agencies have is that when you request that the collection agency verify a debt they must comply. If the collection agency does not comply, they must remove the collection from your credit report. The collection agencies have 30 days to respond to the request for verification. This time restriction puts extra strain on the collection agency by tying up their resources. The only document that can verify that the debt is valid, is the original contract. A copy of the contract, with your signature showing that you agreed to the debt is the only document that can verify your debt. The collection agency must reach out to the original creditor and ask for the contract with your signature.
Time Constraints
This process takes time and sometimes CAN’T be completed in the 30 days that the collection agency has. The original bank also has to tie up resources to retrieve and deliver a copy of the signed document. Remember, the original bank or creditor already sold the debt to the collection agency. When the bank sells the debt they no longer have a vested interest in collecting the debt. At this point the original bank or creditor may neglect to send the original contract since this process is costly. Banks do not want to incur costs when they have no further upside if the debt is paid.
Small Collections
Sometimes, if the collection is small, the collection agencies will not devote resources to verifying the accuracy and validity. When the collection agency neglects the verification process, the debt is considered unverifiable. All unverifiable debts must be removed from your credit history.
Here you will have access to FREE Credit Repair Kit that will:
- Stop debt collectors from calling your house or cell phone
- Force debt collectors to prove that the debt is verifiable and valid to report on your credit report
- Get collections and other negative history removed from your credit report that is past the Statute of Limitations
- Help negotiate with debt collectors that are able to verify that a debt is valid
FREE Credit Repair Kit by MrCleanCredit