Credit Bureaus - Masters of the Public Relations Game

The Credit Bureau Public Relations Machine will stop at nothing short of sparking costly lawsuits to convince consumers that nothing can be done regarding bad credit allegations they put onto your credit report. Perhaps only the Big Tobacco Companies have run a better misinformation program while marketing an equally flawed and despised product. 

We are often surprised at how consumers are oppressed by credit bureaus and debt collectors. Many members report being shunned by these businesses and are frequently told that they have no say over what is being reported about them, all the while the Credit Bureaus would pretend not to be responsible for the accuracy of the information they report and make money selling. 

This Contention is Just Plain Wrong!
Consumers have as much right to control what is on their credit reports as credit grantors or credit bureaus that publish and sell for a handsome profit consumer’s personal information.

Myths of Credit Repair
There is a tremendous amount of misinformation spun into the marketplace regarding a consumers credit reporting rights. Here are a few examples of the most prevalent myths.

Myth 1) When I pay off an account, it will no longer be reported or be considered negative…
               Wrong!

Myth 2) If a negative item is deleted, it will just come right back on my report…Wrong!

Myth 3) Certain items such as bankruptcies, foreclosures, and tax liens are impossible to remove
               from a credit report. Wrong!!!

Myth 4) Disputing a credit report is easy and any consumer can do it for themselves… Wrong!

Myth 5) Creditors will read my 100-word statement and take my side of the story into account.
               Wrong.... Not a Chance!

Myth 6) Credit Bureaus are infallible, a branch of the government, or otherwise beyond reproach.
               Wrong

Myth 7) I can get a new credit file by getting a Federal ID Number. VERY, BIG MISTAKE!

Myth 8) If I build enough good credit; it will offset my bad credit. Wrong

Myth 9) A Credit Counseling Service can help me restore my credit rating. Wrong & Misleading!!

Myth 10) The law requires that an item remains on a credit report for 7 years. Simply not so!
                 Mistakes Do Happen