Quick Tips for Credit Repair! Hey everyone Pascal here and as always I am trying to find and give you the best information I can find to help you with life and business. Today I want to give you some helpful tips that will help you repair your credit. First you should that in time you can remove anything from your credit profile. The credit bureaus are not government agencies, they are just greedy corporation that don’t care about you in anyway. They may seem all powerful and hard to deal with. If you learn just a few rules when dealing with them you can win the credit repair game.
Let's get down to business. All Credit Bureaus are regulated by the FTC and Federal Consumer Credit Protection Act. There are 5 seperate Acts listed under the Fedeeral Consumer Credit Protection Act. 1. The FCRA (Fair Credit Reporting Act) 2. ECOA (Equal Credit Opportunity Act) 3. FACTA (Fair and Accurate Credit Transactions Act) 4. FCBA (Fair Credit Billing Act) 5. FCRA (Fair Credit Reporting Act).
You don't need to know everything about these Acts but it would be good to look them over.
Did you know? Bill collectors are not allowed call you before 8:00am or after 9:00pm
Bill collectors can not contact you about a debt that you say is not yours with in 30 days of being contacted, unless they send you proof of the debt being yours.
Bill collectors should not fail to give you written notice within 5 days after their first contact with you, letting you know the amount owed, name of the creditor and what step to take if you feel the debt is not yours.
Bill collectors can't say or imply that you can be arrested or imprisoned for non-payment.
Bill collectors can't make false statements when collecting a debt, such as falsely implying that they are an attorney or representing a government agency.
Bill collectors can't say or imply that you have committed a crime, or that they work for a credit bureau, or misrepresent the debt amount..
Bill collectors can't contact you by postcard or put anything on an envelope that shows that they are contacting you about a debt.
There is so much more but I don't want to overwhelm you, so look for my next credit repair post coming soon.