1stCreditExperts.com stands ready to help you!
|By combining our professional service with our vast
knowledge of the laws that govern the credit bureaus,
creditors and collection agencies, we will help you
obtain the best credit score possible. You deserve the
best results and should not settle for anything less.
Repair can be confusing and time consuming. At this web
site we explain your rights and what you can do
yourself free of charge to repair your credit.
The main reason 1stCreditExperts.com exists is to assist those
individuals who prefer to have someone else do the
tedious work of getting your credit report accurate.
||Below is a
synopsis of the basics Federal Trade Commission rules
for credit repair. These rules govern individuals and
credit repair companies. Please take the time to read
these rules. The Federal Government has outlined
what options are available to individuals and what a
credit repair organization may or may not accomplish. At
1stCreditExperts.com you will not be given false
promises or unrealistic claims.
Your Rights and the Law
||You are entitled to a
free report if a company takes adverse action against you, like
denying your application for credit, insurance, or employment, and
you ask for your report within 60 days of receiving notice of the action.
||Each of the nationwide
consumer reporting companies, Equifax, Experian, and TransUnion are
required to provide you with a free copy of your credit report, at
your request, once every 12 months.
||You can dispute mistakes or
outdated items for free. Under the
both the consumer reporting company and the information
provider (that is, the person, company, or organization that
provides information about you to a consumer reporting
company) are responsible for correcting inaccurate or
incomplete information in your report. To take advantage of
all your rights under this law, contact the consumer
reporting company and the information provider.
||By law, all credit repair
organizations must give you a copy of the "Consumer
Credit File Rights Under State and Federal Law" before
you sign a contract.
||Three keys to improving
your credit report, time, a conscious effort, and a personal debt
repayment plan will improve your credit report.
||The law allows you to
ask for an investigation of information in your file that you
dispute as inaccurate or incomplete. Everything a credit repair
clinic can do for you legally, you can do for yourself at little or
no cost. According to the Fair Credit Reporting
Following Items are Warning
Signs of things you should not attempt - Penalties are Severe
||Any company suggesting
you try to invent a “new” credit identity and then, a new credit
report by applying for an Employer Identification Number to use
instead of your Social Security number.
||Any company that advises
you to dispute all information in your credit report or take any
action that seems illegal, like creating a new credit identity. If
you follow illegal advice and commit fraud, you may be subject to
||You could be charged and
prosecuted for mail or wire fraud if you use the mail or telephone
to apply for credit and provide false information. It’s a federal
crime to lie on a loan or credit application, to misrepresent your
Social Security number, and to obtain an Employer Identification
Number from the Internal Revenue Service under false pretenses.
Important information you need
to be aware of and how it affects you.
company can report most negative information for 7
years and bankruptcy information for 10 years. Information about an
unpaid judgment against you can be reported for seven years or until
the statute of limitations runs out, whichever is longer. There is
no time limit on reporting: information about criminal convictions;
information reported in response to your application for a job that
pays more than $75,000 a year; and information reported because
you’ve applied for more than $150,000 worth of credit or life
insurance. There is a standard method for calculating the seven-year
reporting period. Generally, the period runs from the date that the
event took place.