Myth #5: Seeking Help In Reparing Credit Is Unlawful

Some companies occasionally (and vaguely) suggest that using a third-party violates some law. Sometimes, they’ll send a letter to consumers who have challenged one or more items on their reports that basically accuses them of having sought outside assistance with the problem. Note that they never actually come out and say plainly, “Using outside counsel is against the law,” because it isn’t. The specific wrongdoing is never spelled out, of course, but the effect is the same: By donning the cloak of artificial officialdom, they hope to intimidate consumers into backing down and getting right back into line with all the other quiet people who are afraid to challenge such faux authority. Lexington clients are instructed to simply send such correspondence to the firm, but even those attempting to address their credit reports on their own are well advised to simply ignore such provocations.

So long as consumers can be managed through skilled deception, creditors will continue to unfairly profit at our expense. Faulty credit scores will continue to define our suitability for home ownership. Credit acquisition, insurance, and employment will continue to be lost as a result of sloppy data maintenance. Fundamental changes will only occur when consumers reject these untruths which are propagated so successfully within our culture.

Information by Lexington Law PsychDoc…www.lexingtonlaw.com

Myth #1: The Nature of Credit Bureaus
Myth #2: Your credit report is reviewed carefully!
Myth #3: Including A Credit Statement Is Helpful…
Myth #4: Negative Items Must Remain For 7 Years…
Myth #5: Seeking Help In Reparing Credit Is Unlawful