Protect Your Rights with Credit Sweep

1
(No Transcript)
2
Protect Your Rights with Credit Sweep
3
Get inaccurate, incomplete, or unverifiable
information removed from your credit report with
a credit sweep. Under the Federal Credit
Reporting Act, you have the right to dispute
inaccurate or incomplete information in your
credit profile. And a credit reporting agency
must remove or correct inaccurate, incomplete, or
unverifiable information. But there is a way
credit reporting agencies get around this
requirement. Use a credit sweep to protect
yourself against credit agencies.
4
The Fair Credit Reporting Act

• Lets start at the beginning. The Fair Credit
  Reporting Act promotes the accuracy and fairness
  in credit reporting. Consumers have a right to
  know what is in their credit report and to
  challenge information that is inaccurate,
  incomplete or unverifiable. This includes items
  like underreported credit limits, duplicate
  accounts, accounts that have been paid in full or
  bad debt older than seven years.

5

• Consumer reporting agencies are required to
  investigate and correct or delete inaccurate,
  incomplete, or unverifiable information. However,
  a consumer reporting agency may continue to
  report information it has verified as accurate.
  And this is the problem because credit reporting
  agencies do the bare minimum to protect consumers.

6
Verifying Information

• Each Credit reporting agency has its own process
  for handling credit report disputes. However,
  they all use a similar system for verification.
  The three bureaus established the system of
  investigation and verification through their
  trade organization. They automated the entire
  investigation and verification process using an
  online computer program, called e-Oscar. The
  credit bureaus and information furnishers -for
  example banks and collection agencies - who
  report an account to the credit bureaus, use this
  system to investigate disputes.

7

• It basically checks computer data bases to see if
  the information on the credit report matches the
  information furnished. There is no examination of
  the information. There is no conversation between
  people. But, once the information has been
  matched to another source (verified), and then
  credit agencies are allowed to keep reporting it.

8
A Credit Sweep as Protection

• This is why manual credit repair is part of our
  credit sweep. Manual credit repair is the use of
  hand-written letters in a style that is difficult
  for ORC Scanners to identify and therefore be
  read by a computer. This causes the disputes to
  be reviewed by a person instead of an automated
  system. This improves the chance for a thorough
  investigation and the removal of inaccurate,
  incomplete, or unverified information from credit
  reports.

9
Dont Be at the Mercy of Credit Agencies

• A credit sweep is the best way to protect your
  interests. Credit agencies investigate disputed
  information because it is a requirement. But
  satisfying the law does not mean protecting your
  rights. This can only happen when proper
  investigations are conducted. A credit sweep is
  the best way to ensure disputes are handled
  properly and protect your legal right to have
  inaccurate, incomplete and unverified information
  removed from your credit reports.