Free_Offer

Full Name

Day Phone

Mobile Phone

Email

State

Source

EVERYTHING YOU HAVE A RIGHT TO DO, IS NOT THE RIGHT THING TO DO

In the early 1970s, the Fair Credit Reporting Act first gave Americans the right to include 100 word statements of explanation on their credit reports. Back then, life was very different. Credit reports were actually reviewed by human eyes. That is seldom, if ever, still the case.

The 100 word statement, once helpful, now harms the consumer. Here’s why:

  • Since the credit score is the usual qualifying determinant, such personal statements are never read by the potential creditor.
  • The included statement tends to confirm the credit report, hindering any future credit repair effort. Let’s say you’ve explained how an illness or layoff caused your late payments. You have now confirmed the late payments, and the fact that you didn’t maintain contingency funds. Therefore, you’re a bad credit risk.

Most consumer advocates, including RMCN Credit Services, recommend that the first item to be disputed is the 100 word statement, if one was ever inserted.

Additional information is located on these pages:

RMCN Credit Services
1611 Wilmeth Road, Suite B
McKinney TX 75069
(972) 529-0900 Office (972) 562-0225 Fax
Toll Free (888) 4-MY-REPAIR
Se Habla Español