FINALLY....The Truth About Credit Repair

Don't even THINK about paying for credit repair services until you learn the TRUTH

LEARN THE TRUTH IN

JUST 2 MINUTES

 BY READING BELOW

What is the TRUTH?

THE TRUTH IS....Even though you may see some short term results with traditional credit repair it can and usually does take SEVERAL YEARS to obtain a CONSISTENTLY HIGH credit score through a traditional credit repair company.

Why?

THERE ARE 3 MAJOR REASONS WHY TRADITIONAL CREDIT REPAIR JUST DOESN'T WORK.

1 - Debt is sold over and over by not only the original creditor but by the collection agencies dozens of times over its lifetime.

2 - Although creditors and collection agencies know the laws it is up to the consumer to enforce their own rights.

3 - The process of Credit Repair is like a game of Tug-O-War, the side that gives up first will lose

Original Creditors (eg. Sears, Capital One, etc) and Collection Agencies (eg. NCO Financial, Arrow Financial Services, etc) sell debt. They sell this debt when they determine it is no longer collectible by their collection departments.

Most times they make the decision to sell the debt based on predetermined rules (eg. When the debt in question reaches a certain age, if the debt is disputed by the alleged debtor, if the collection agency is no longer allowed to call the debtor, how much they can get for the debt, etc) Ultimately all debt is sold and resold multiple times for several years.

Due to the fact that all debt is sold several times throughout its life it is almost always going to reappear on your credit report as the new collection agency now has the ability to report the negative item on your credit report. This typically happens every 3-6 months with newer collections and every 6-9 months with older accounts. There are even companies that will buy debt that has been discharged via bankruptcy in an effort to trick people into paying on those accounts that they are no longer legally obligated to pay.

Always remember that just because a debt is removed from your credit report does not mean that the debt somehow just magically disappears and is not going to be sold to another collection agency. 

This means that even IF a credit repair company does a GREAT job and removes EVERY NEGATIVE item from your credit report you will begin noticing within 3-6 months most of the items removed will be sold to other collection agencies and reported by them to the credit bureaus. This process will bring you and your CREDIT SCORE back to square one.

Everyone in the banking and credit industries including Credit Repair Companies know that debt is sold and resold several times over a 7-10 year period, each time it is sold it is generally sold to a more aggressive collection agency who will do anything to get paid, including resorting to some "grey area" and possibly illegal techniques.

Traditional credit repair companies who insist on collecting a monthly fee are counting on the fact that you will either continue paying them for years or quit once you realize you are not seeing any kind of real permanent improvement. They also have little to no incentive to actually help you, if they somehow figured out a way to permanently fix your credit they would lose their monthly fees.

Credit Repair Companies like to talk about how they are creating and sending letters on your behalf using laws like the Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), Fair and Accurate Credit Transactions Act (FACTA) as well as several other consumer protection laws. What we say in response to this is "SO WHAT". There is NO MAGIC LETTER. Unless you are dealing with an attorney that will represent you in court NOBODY is enforcing your rights for you. Even credit repair companies that are law firms specifically state in their agreements that they are NOT REPRESENTING YOU.

Do not be mislead into thinking a credit repair company will ever enforce your rights for you.

Now that we understand that it is you that must enforce your rights we can move on.

We all know that it is illegal to go to your neighbors home and throw a rock through their window. The neighbor can call the police but unless you are hurting someone or putting someone in imminent danger you will NOT BE ARRESTED. When questioned by the officer you can say you did it but you didn't mean it and he will let you go. Your neighbor however will want to get reimbursed for their expense of replacing the window. They can knock on your door all they want, if you choose not to pay they are stuck. Unless, of course, they take you to court and get a judgment against you. Even then it is very difficult to enforce that judgment. (This doesn't mean you should go breaking neighbors windows now...LOL)

The laws mentioned above and spewed by credit repair companies nationwide are in fact available to the consumer to protect their rights but YOU MUST ENFORCE THEM YOURSELF.

Creditors and Collection agencies know this and they earn hundreds of thousands of dollars for every "nuisance lawsuit" they have to endure. What they typically do is wait until the very last minute and then "settle out of court" by deleting the item you asked them to delete. (Then they sell your debt to another collection agency.....)

They know the expense of defending themselves in court far outweighs the amount they can expect to receive from you especially since they do not have the proof needed to verify the account is actually yours and they can still earn money selling your debt to someone else.

You must ENFORCE your own rights under the various consumer protection laws available to you.  

Abridged Rules of Tug-O-War (not official)

Rule 1 - Don't Submit To Enemy

Rule 2 - Pull Rope To Overpower The Enemy

Rule 3 - Pull Rope Until Enemy Submits

Rule 4 - See Rule #1

Most people and even credit repair companies don't even realize that they are in the middle of a Tug-O-War battle with original creditors and collection agencies, your creditors are pulling on the rope hoping that you will pay your debt to them, reporting you to the credit bureaus is just a tool they use to try to force you to pay. Whether or not they can prove that the debt is actually yours is irrelevant. They know and understand all the laws at your disposal as well and they know that if they hang on to the rope the likelihood of you letting go and not enforcing your rights increases.

They absolutely count on you giving up your fight, if you do not have the courage to follow through you will lose. When I say follow through this is what I mean.

Lets go back to our neighbor that is mad about you breaking their window, if they knock on your door once a week asking for money to replace their window you can easily say no. If they start sending you letters via regular mail you can probably throw them in the trash without a thought. If they send a certified letter you might pay a little more attention, if they send several certified letters you might be a little concerned, If they send the certified letters and requested assistance from the homeowners association you will now have to deal with them and the homeowners association and now this is becoming a nuisance. You then get a certified letter from them telling you that they intend to sue if you don't respond in 15 days. Hmmm, maybe you should pay......Then at last you get a notice that suit has been filed and now you have to take a day off and spend it in court knowing full well that when you get there you will lose. Guess what you are now knocking on your neighbors door begging to pay for the window.

The amount of work it takes you to enforce your rights under the law is just too much hassle for most people and the creditors and collection agencies know this.

DO NOT GIVE UP - DO NOT SUBMIT

WIN THE TUG-O-WAR BATTLE

What Is The Solution?

The solution comes from an old children's riddle. It went like this. How do you eat an elephant? The answer was "One bite at a time"

Repairing your credit is like eating an elephant, it is a very big project and must be done one bite at a time.

Since we now know that your debt is sold over and over again throughout it's life and even if successfully removed any new collection agency can put it right back on your credit report the traditional credit repair business model of charging you a monthly fee until you cancel is outdated. Imagine paying a fixed fee every month for 3 years or longer, you might have well paid the debt off to begin with. Think about it....Traditional credit repair companies have no incentive to actually win your Tug-O-War battle, they get paid more just by keeping you hanging on to the rope. Our program provides you with FREE CREDIT REPAIR FOR LIFE after you pay for just 6 months. This means that you will have help when new accounts are being added to your credit report months and even years after you finish paying us.

I know of very few people that actually want to go to court and sue to get an item removed from their credit report. I never wanted to be bothered by it and I'm sure you don't either.

Collection agencies know that very few people will actually go through any sort of lawsuit. They count on the fact that people just don't have the confidence or resources to follow through. What they do know, however, is how to read the writing on the wall. If your neighbor went through the process of sending you certified mail in a very methodical way you might be able to guess that something more is coming. These collection agencies know exactly what must be done for you to even have a case and if you don't lay the groundwork they have nothing to fear.

Our lifetime credit repair program helps you lay all the groundwork needed to actually sue your creditors. The best thing is that over 90% never get that far. Once they realize you have laid the groundwork they can't get rid of you fast enough.

Our process is about obtaining leverage and an upper hand against these companies by collecting evidence of their wrongdoing. We work with you throughout the process by creating a virtual minefield that each creditor will have to walk through. The more they work at trying to discredit you the more mines will blow up in their faces.

The project we affectionately know as credit repair is hard and tedious, very few people want to even be bothered with it. The problem is that leaving your credit alone is affecting your quality of life. You are either doing without or paying more for what you have. In today's world good credit is almost required to succeed. We will partner with you and help you obtain the good credit you are seeking and deserve. This means that even if you let go of the rope for just a minute, we will be there to pick up the slack. Don't let the collection agencies win. Call us today to get lifetime credit repair.

While you are playing Tug-O-War with your creditors you must start rebuilding your credit, Your credit score is comprised of many factors, only 35% of your score is affected by your credit history (your lates, charge offs, and collections) the remaining 65% is generally ignored by traditional credit repair companies. We work with you to properly develop the other 65% of your score. We will show you how to easily add positive credit on to your credit report and then tell you how to manage your good credit properly.

Like any project you must have the right tools to do the job right, collection agencies have their tools (credit reporting, automatic dialers, threatening letters, arbitration, etc.) and we have ours. (credit repair letters, statute of limitations, notice of intent, inquiry removal, judgment shield, notary dishonor, foreclosure freeze, other credit bureau disputes, adding of positive items, credit report manipulation, etc) The Stephen Sinclair Lifetime Credit Repair and Enhancement System will provide you with the tools needed to defeat the creditors and collection agencies once and for all.

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