CFB_10/29/2005 -Who can you trust when Credit Trouble finds you
Swimming in the sea of Credit Problems you are likely to find many sharks, many hungry sharks that like to prey upon the vulnerable consumer.
Chief amoung them are the debt negotiators and credit counseling services that are really collectors in disguise. Who wants the fox watching the hen house ?
How many legal credit repair clinics do you think there are ??? According to the Federal Trade Commision there are none - it's illegal under two federal laws - unless they are certified by the Treasury Department, and if they are not they do not charge any money for their services.
During our show we'll discuss many of the credit traps and the sharks that are waiting to take a bite out of you. Check back in for live updates.
The shrinking middle class - A caller suggest that maybe the US has the largest middle class in the world - Perhaps that is correct, our assertion is that the Middle Class is shrinking. The latest Cesus information seems to suggest this as well.
http://www.census.gov/Press-Release/www/releases/archives/income_wealth/002484.html
CFB_10/08/2005 Fleecing of America
Join us as the Credit Master exposes the so called Credit “Bureaus” – Did you know they are really for profit companies and are not government entities – as their name would suggest. These Consumer Reporting Agencies (CRAs) are supposed to play by rules and report only Accurate and Relevant information as established by the Fair Credit Reporting Act.Unfortunately there is a lot of rule breaking going on but then there is little incentive for any of the CRA’s to correct errors or problems with credit reports. In fact as you will learn today the CRA’s exist to sell bad news. As you will see bad news is worth a fortune, and the more bad news there is to sell the more valuable the fortune becomes. What’s the Score in your Game of Credit? Stay tuned for a lesson in Credit Scores – What they mean, how they’re used, and how the consumers get abused. How did Free Credit Reports end up costing 144 $ / year? Hmm if you want to find out just ask Equifax or follow their deceptive advertisements to their web site deceptively named freecreditreports.com – {Hyperlink intentionally omitted, The Credit Master will not send you to a known scam.} The FTC – Federal Trade Commission advises on how to get a free credit report as indicated in the new law.Want a Free Annual Credit Report?The Only Official Website is annualcreditreport.comAn amendment to the Fair Credit Reporting Act requires each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion – to provide you with a free copy of your credit report, at your request, once every 12 months
To Order Your Free Annual Credit Report - Visit annualcreditreport.com
- Call toll-free: 1-877-322-8228
Mail your completed Annual Credit Report Request Form to:Annual Credit Report Request ServiceP.O. Box 105281Atlanta, GA 30348-5281
