Why Credit Repair Can Be So Difficult?
February 14, 2013
As of right now you’ve probably figured out that getting a line of credit in the first place is a lot easier than dealing with the fallout from when you can’t afford to repay your debt. When we talk to most people we find that their credit problems started as a minor financial problem which quickly snowballed into massive financial headaches, which required professional credit repair intervention. What many people find is that even when they’re being upfront about the issue and trying to actually pay down their debts they wind up tangled in red tape and the worst kind of “customer service” bureaucracy you can imagine.
Now one of the main problems with credit repair is that there was, and still is to a certain extent, an almost complete and total lack of transparency when it comes to dealing with the issue. Have you ever noticed for example that when you apply for a loan, credit card or other financial product that the sales team are always based somewhere in the western hemisphere and always speak perfect English? Have you also noticed perhaps that when you have problems, which require customer service assistance that you wind up speaking to a customer care “representative”, who barely speaks English? Then you’re given the run around and put on hold so much that you just give up and stop trying…almost like you’re being encouraged to not call them?
Thankfully there are several acts, which we can use to ensure that you have full access to your credit report and any records pertinent to your credit history. The Fair Credit Reporting Act (FCRA) of 1971 was passed to establish a foundation for consumer credit rights in the United States and the Fair and Accurate Credit Transactions Act (FACTA) of 2003, which basically forced financial institutions to show you the exact details of your credit history, then followed this up.
If you’re tired of dealing with finance companies or credit organizations that are being elusive and making your effort to repair your credit almost impossible you can always rely on help from the team here at CRE Credit Services.