CHAPTER  1

INTRODUCTION   TO  CREDIT   REPAIR

“Consumers  just  don’t  know  they  have  a right  to  credit  information,  and they  don’t know  they  have  a  right to  dispute  what’s  on the  record.”   –Kirk  Stewart,  director  TRW ISD  public   affairs.

GOOD   CREDIT

In   American  economic    society  today, there is  a very  heavy  emphasis   on   good  credit.    It  is  not merely  a  matter  of  wanting  “things” you can’t yet afford.  Good  credit is  necessary  to  rent or lease  an automobile,  an  apartment  or  home,  get  medical care, sometimes  even get  a promotion.

Many  Americans,  from  time to time,. go  through  a period  of low  cash  flow  and, for a  time,  have  dif• ficulty  keeping  bills  current.    The  loss of  that  all• im portant good  credit rating  can put you  seven  to fourteen  years  away  from  regaining a “clean  credit record”.

CRAGs

According to Dun & Bradstreet there are some
4,600 Credit Reporting Agencies (for short, we call them CR A Gs) and collection agencies in the United States. Each day they share millions of pieces of personal information about you and 150 million other Americans. Much of this information is “automated”, reported from one computer to ano• ther, with only mechanical provisions for assuring accuracy. With so much information being passed back and forth you can imagine the opportunity for error

TECHNIQUES  AND  TRADE  SECRETS

Over the  past years  the  author has  developed  hun• dreds  of  unique  trade  secrets  and  special techniques to challenge and remove incorrect, negative and unwanted  derogatory  information  from  credit re• ports.

Use  of  these  techniques  can enable  a consumer or business  with  bad credit to  “clean  up”  credit reports and virtually  “start  over”.    It  works  and works  well.

WARNING!

Your  author  has  no  desire  to  undermine  the  Am eri• can economic  system  by  teaching credit abusers how better  to  “put  one  over”  on  businesses.    Many  of the  businesses  who  extend  credit  are  small  outfits who   must  extend  credit  in order  to  keep  competi• tive  with  the  big  guys.    “Burning”  these  small  busi• nesses  benefits  no  one.

So,   if you are  not an honorable, trustworthy person who  sincerely  wishes  to  pay  his  obligations  and merely  wants  to  get himself and others into  more trouble  stop reading this  book right here.    What you need is the  discipline  of living  on  a  strictly-cash basis.

TH IS    BO O K     IS    F O R     TH OS E      H U N D RE D S     OF THOUSANDS  CONSUMERS AND BUSINESSES WHO DAILY  ARE  VICTIMIZED  BY  A  CREDIT  REPO• RTING SYSTEM RUN AMUCK  WITH INCORRECT NEGATIVE  INFORMATION   ON     CREDIT  REPORTS.

AND IT IS ALSO  WRITTEN  FOR THOSE WHO  HAVE HAD  CREDIT PROBLEMS BEYOND THEIR CONTROL AND  WHO  NEED  TO CLEAN  UP THE MISTAKES OF THE   PAST   AND    REESTABLISH   THEIR   GOOD NAMES.

Most  of  the  credit  repair  procedures you will  find in this book  have been  developed from  careful  study  of THE   FAIR   CREDIT   REPORTING   ACT,  (Public  Law

91-508,  Title  VI,  enacted  October  26,  1970,  effec•

tive   April  24,  1971,  as amended  by  Public  Law   No.

95-598,  effective  November 6,  1978)  and applicable Federal  Trade  Com mission  (FTC)  rules,  procedures and  guidelines   governing  the  way   CR A Gs  conduct business.    These  laws  and FTC  rules  were  developed to  benefit  the  consumer  and give you some  “clout” in trying to deal with those huqe, cumbersome, heartless,  computerized invaders of privacy  called the  Credit  Reporting  Agencies  (CR A Gs).

And  as you’re repairing your own  credit,   if you get stuck  or overwhelmed or just plain too  busy  and you want  some  help,  write  and ask  about  our  company’s

services.    Our   mailing   address  is  P.   o.  Box  638,

Burbank,   California  91503-0638.     We’re  reasonable,

we’re  experts,  and we’d  love the  business.