Credit Debt “Expert” Reveals Truth About $79.95 Per Month Credit Repair “Solution”!

Credit Debt “experts” (many of them) forget to inform clients about the danger of deletions and blasting off rounds of dispute letters. Finally, one credit repair company reveals TRUTH about the $79.95 /month credit repair “solution.”

Bobbi J. of Tennessee paid a well-known credit repair “law firm” to fix her credit.

Seven months later, she claims her credit scores are worse than before she started…AFTER shelling out $79.95 x 7 + a $200.00  “setup” fee.

Worse, Bobbi claims this credit repair company is the cause of her getting sued by a debt collector.

Bobbi contacted me for advice. My advice to Bobbi: find an attorney in her area who specializes in FDCPA issues. If you’re being sued, I am not your guy…I am not an attorney.

For Bobbi and you (if you’re considering hiring a credit repair company),  LOSING your money and DROPPING your credit scores are NOT the worst that can happen to you!

This is what you NEED to know before (not after)  you hire a credit repair company.

Click Read More below now to hear the TRUTH (IF) you’re thinking of hiring a CR company.

CREDIT REPAIR COMPANY SHARES TRUTH….

Getting SUED is far worse!

And no credit repair company will tell you this. In fact, some credit repair companies encourage you to allow them to dispute EVERY single bad credit account on your reports.

Do I even need to explain why this is B-A-D?

Of course, I’m sorry for Bobbi’s legal situation now. I’m sorry I wasn’t able to warn her before she innocently paid a credit repair company to land her in a heap of trouble.

Here’s something else you need to know about credit repair companies. Two days ago, something very different happened when I interviewed another credit repair company.

Note: Yes, I too am searching and have been searching many years for a legitimate, effective & affordable credit repair company. If you think I’m “bad-mouthing” credit repair companies because you think I’m trying to sell you something, click here now for my response.

On the phone the other day, a credit repair guy named Todd launched into his spiel about how they improve people’s credit. They use software to import your credit reports from the BIG 3 into their system.

• When Todd finished, I asked him how they consult with potential clients. In other words, I wanted to know how they determine whether they’re able to help you, what specifically they can do for you & what training their CONSULTATION people have.
• I also wanted to know who or what reviews a client’s credit reports for inaccurately reported account information.
• I also wanted to know who or what determines the STRATEGIC approach. That is, which accounts might be left alone. What happens if the Furnisher ignores the disputes and debt validation demands.
• Who reviews accounts for violations involving but not limited to Date of First Delinquency,  Statute of Limitations and FCRA and FDCPA and other violations?

“Who or what,” I asked Todd, “helps the client know which accounts to dispute and which account to leave alone? Who helps the client determine a STRATEGY?”

He said, “Mike, we can’t do any of that for $69.95 a month. You know how many hours go into this. We rely on the clients to know which accounts are inaccurate. We don’t have the manpower to identity re-aged accounts, time barred statute of limitations, FCRA and FDCPA violations, etc.”

At that point, Todd “manned up” and told me the truth. You see, Todd knew I knew what the hell I’m talking about. He didn’t try to bullsh*t me, as EVERY other one has tried to do.

Todd earned my respect on that phone call!

He knew I’m informed. There was no reason to lie to me.

This is the truth the so-called “law firm” credit dis-repair companies do NOT want you to know about this MULTI-MILLION dollar industry accused of causing the MOST complaints to the FTC, State Attorney Generals & BBB.

Should you choose to pay a credit (dis)repair company, you assume the risk of getting SUED. This is not about losing your money or not improving your scores. Blindly firing off dispute letters might get you sued!

You are paying (them) to fire off “rounds and rounds” of dispute letters to the credit bureaus in a cat and mouse game!

* You are NOT getting strategy.
* You might be getting sued because on NO strategy!
* Your re-aged accounts in clear violation of FCRA are NOT flagged and deleted.
* Your “time-barred” accounts are NOT flagged and deleted.
* You are not told which is better and which is possible, a deleted account or a “paid as agreed” account?
* You receive NO counsel on how to rebuild your credit scores. If you were so lucky as to DELETE EVERY SINGLE bad credit account on your credit file, that might be the WORST thing you possibly could do? Do you know why?

Bobbi found this out too late. The damage had been done. I doubt I’ll hear the fall-out.

On the other hand, I’ll keep you posted on my testing of Todd’s credit repair company.  A few people on their own and with no involvement from me will seek Todd’s help and document their experience. Todd will not know they’re reporting for me. I don’t want any special attention paid to this people.

Before you risk $5.95 s&h on my FREE CD, click here now to read all about, i.e. why it’s free…what’s the catch…the whole 9 yards. Special offer. CD normally sells for $47.00.

Credit Debt credit repair risk is worse than losing money or watching your scores drop. Unfortunately, losing your money and paying for your scores to drop are  much better than getting  sued! Tell me your experience with credit repair companies. Scroll down on this page & leave a comment. I hope one of you can share a positive experience. Maybe this is my lucky day and you will have a positive experience with a credit repair company. I look forward to hearing from you.

Welcome back! Got a question for me...or an experience to share? Please go to the bottom of this article to ask a question or share an experience. :) Thank you!

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