An advertisement for credit repair caught my eye today. A1 Credit Consulting Firm is running an advertisement for the following:
A1 CREDIT CONSULTING FIRM
Bad debt removed in 30 days to 12 months. Are you tire of being denied for credit due to delinquent or past due accounts. Did you know these erroneous accusations can be legally removed from you credit report. Once we removed the erroneous accusations from your credit report. We will help you to get new credit and credit cards. Bad debt can be removed from your credit report before a 7 year period. Only $59.99 down. Call now! – Source
The A1 Credit Consulting Firm appears to be totally unfamiliar with the Credit Repair Organizations Act that prohibits advance fees from being charged for credit repair services.
The companies advertisement also appears to completely shake by the fact that negative but accurate information should not be removed from a credit report. All they refer to is “erroneous accusations” instead of inaccurate information.
Any consumer can easily dispute inaccurate information on their credit report for free without having to pay. Once you have a copy of your credit report in hand you can dispute INACCURATE information on that specific credit report with the credit bureau it appears on. There is no secret way to do this, just write a letter and let the credit bureau know what information is wrong.
It’s important to remember though, negative information is not the same as wrong information. If an item is listed that is negative but accurate there is not need to remove it. Removing it and then using that credit report to apply for credit can set you up for credit fraud.
The issue above appears for no reason other than it’s something I spotted today and frankly it pissed me off. I just had to vent about it for a minute.