US Credit Team can help resolve questionable items on credit reports including:
ALL ABOUT CREDIT
Beware of credit repair services that advocate "new" identities
It is unlawful to create a "new" identity by applying for an Employer Identification Number (EIN) to replace one's Social Security Number. File segregation is a serious crime that can result in fines or imprisonment.
Sep 22nd, 2009 5:02
Consumer Credit File Sights under State and Federal Law
You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither you nor any " credit repair " company or credit repair organization has the right...
Aug 28th, 2009 11:15
Credit File Sights Under State and federal Law
You have a right to dispute inaccurate information in your credit report by contacting the credit bureau directly. However, neither you nor any "credit repair" company or credit repair organization has the right to have accurate, current, aid verifiable information removed from your credit report. The credit report bureau must remove accurate, negative information from your report only if it is over 7 years old. Bankruptcy information can be reported for 10 years.
| Avoiding Credit Repair Scams |
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Fraudulent credit repair companies have long been the target of FTC investigations including Project Credit Despair which snared 20 credit repair companies in February 2006 and Operation Clean Sweep which targeted an additional 36 credit repair operations in October 2008.
The Federal Trade Commission's Role in Fighting Credit Repair Scams The Federal Trade Commission (FTC) is responsible for enforcing consumer protection laws in the United States. In its capacity, the FTC offers a number of suggestions and warnings to consumers regarding credit repair organizations.
Beware of credit repair services that request fees in advance Us Credit Team does not charge you in advance for any legal services. It charges you only after the first-work, and the subsequent work from each month, have been performed.
Beware of credit repair services that don't disclose your rights Consumers have the right to attempt credit repair on their own. Us Credit Team offers its affordable legal services to those clients who prefer having legal professionals help them manage their credit disputes and creditor interventions. Information about The Fair Credit Reporting Act and your rights as a consumer.( As a public service, the staff of the Federal Trade Commission (FTC) has prepared the following complete text of the Fair Credit Reporting Act (FCRA), 15 U.S.C. ? 1681 et seq. Although staff generally followed the format of the U.S. Code as published by the Government Printing Office, the format of this text does differ in minor ways from the Code (and from West's U.S. Code Annotated). For example, this version uses FCRA section numbers (?? 601-625) in the headings. (The relevant U.S. Code citation is included with each section heading and each reference to the FCRA in the text.) Although the staff has made every effort to transcribe the statutory material accurately, this compendium is intended only as a convenience for the public and not a substitute for the text in the U. S. Code. The Commission's website posted this document on October 20, 2006. This version of the FCRA includes the amendments to the FCRA set forth in the Consumer Credit Reporting Reform Act of 1996 (Public Law 104-208, the Omnibus Consolidated Appropriations Act for Fiscal Year 1997, Title II, Subtitle D, Chapter 1), Section 311 of the Intelligence Authorization for Fiscal Year 1998 (Public Law 105-107), the Consumer Reporting Employment Clarification Act of 1998 (Public Law 105-347), Section 506 of the Gramm-Leach-Bliley Act (Public Law 106-102), Sections 358(G) and 505(C) of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) (Public Law 107-56), the Fair and Accurate Credit Transactions Act of 2003 (FACT Act) (Public Law 108-159), and Section 719 of the Financial Services Regulatory Relief Act of 2006 (Public Law 109-351). The provisions added to the FCRA by the FACT Act became effective at different times. In some cases, the provision includes its own effective date. In other cases, the FACT Act provides that the effective dates be prescribed by the FTC and Federal Reserve Board. See 16 CFR Part 602. (69 Fed. Reg. 6526; February 11, 2004) (69 Fed. Reg. 29061; May 20, 2004).
Beware of credit repair firms that misrepresent their expertise Claims such as "25 years of experience" can be misleading. That number often represents the combined years of attorney experience, not the actual length of time that the firm has been practicing. By contrast, Lexington Law has been practicing credit report repair since 1991.Beware of companies that imply FTC endorsement The FTC does not endorse any business. If a credit repair organization implies FTC endorsement, you would do well to proceed with caution. Consumer . |
