Opinions Vary

Below are some comments submitted by Jim.  I can’t say I agree with everything he wrote, but in the spirit of democracy in this holiday season, here ya go…

First of all I want to comment you on a really great web site.  There is a lot of information contained on this site that can be useful to a lot of consumers who don’t even know they have rights protecting them.  In addition I have found out that many consumers don’t know the steps to take in disputing information on a credit report. 

The last couple of years of my life I have learned alot.  A lot of what I have learned I have helped others this past couple of years helping others who don’t know. 

I use a hard ball approach.  If it’s a Credit Bureau I challange them on procedure first.  First I dispute the entry on the bureau files and make it clear they only have 30 days.  If they come back that the information is verified then I write back and ask for the method of verification, where they got the information from, who they talked to, and so on.  I give them 15 days to respond to those demands.  Many times the Credit Bureaus will just delete at that point. 

Creditors and collection agencies have a really weak spot.  They hate to spend money on something they will not get a return on.  The point here is this.  Not many creditors or collection agencies will spend money or go to the trouble it takes on defending what they submitted on a credit bureau report in a court of law.  It’s about money.  Many people that visit your web site have that attitude to just go ahead and pay the bill.  It’s not worth all the hassle.  My program puts the shoe on the other foot.  It’s the creditor or collection agency that is now thinking why spend money to hire a lawyer to defend the information submitted when it’s easier to just delete the information.  Especially if I am filing a lawsuit in small claims court for only $100.00.  And, if I can prove Dafamation of Character as easy as showing another person my credit report and still suing for that same $100.00 it makes my negotiations a lot easier. 

I have helped several people get information removed off their credit files just like this. 

You may think that this type of activity is not ethical.  And I may be inclined to agree with it. 

What the Credit Bureaus do is a business.  No more and no less.  In fact I remember hearing or reading someplace that (2) of the (3) majors are publically traded.  They compile information and then they sell it.  Simple as that.  As far as the creditors and the collection agencies go it’s nothing but a bargaining tool to get consumers to pay up.  If I negotiate a deal with a creditor or collection agency and part of that negotiation includes all or in part the removal of negative ACCURATE information is that really a true reflection of my bill paying habits?  Is that being honest with future potential lenders who view my credit reports wanting an honest picture of how I pay my bills?  Of course it’s not. 

To me it’s a simple Poker Game.  I’ve seen Poker players with the worse hand win.  I’ve also seen Poker players with a great hand that could win fold. 

Even though you have an excellent web site nobody can keep up with all that is happening out there within this credit world.

The other thing is this and I promise to shut up.  The way a credit score works could be very simple to know.  If the people that wrote the software program that figures the score would tell you.  I am also a computer programmer and I write computer software.  Get me the source code from the software that figures the credit scores and I will tell you exactly how it computes the scores.  It’s just another secret that part of the industry does not want the regular consumer to know. 

One last thing about a credit score.  I will give you this free of charge.  Tell any consumer to find a bank or credit union that reports to the credit bureaus to go out and open a short term 90 day loan.  Pay it off in the required 90 days.  Then do that same thing a few more times.  You will be surprised at how this raises a credit score. 

There is a couple of more ways to puff up a credit score but I’m not going to tell you everything. 

One last thing and I really do promise to end this.  Let the consumers that visit your web site that they are in the drivers seat and not the creditor or collection agency. 

Thank you for allowing me the chance to shoot off my mouth.  Keep up the great work…