To make credit scoring even more confusing and baffling, FICO uses a system to segment consumers into different groups. These groups are also called scorecards. What group a person ends up in is based on the type of information found in their credit report. 

Let’s take a brief look at how credit bureaus came into existence. Back in the good old days, if you applied for a loan, your credit file was ordered from the local credit bureau (all credit bureaus were local back than). A bookkeeper went in the back office, rummaged around for a bit and pulled out a paper file with the person’s name on it. Someone would look at the file and determine if they would offer you credit. If there was a questionable marking or error on the file, a simple phone call or visit to the office could clear the matter up.

The job of the credit repair expert is to know where, how and when to setup the mouse traps. Credit Reporting Agencies, Collection Agencies, Banks and Credit Card companies get sued 1000’s of time per year. Many of the lawsuits that are filed against the companies are born out of neglect.

The collection agencies, banks, credit reporting agencies and credit card companies consistently report inaccurate, unverifiable and outdated data. Reporting of inaccurate, outdated and unverifiable data is a violation of several laws and acts…

Disputing online sounds fast and efficient right? Wrong! Disputing online was created to make the credit bureaus jobs easier not yours. There is little regard to consumer interests when disputes are generated online. Credit repair is not about making the job easy for credit reporting agencies!