For many, including small business owners, credit repair may be in order to get your banking world in order. I asked a guest columnist, Darrell Moore, to provide some insights into this possible avenue. First let me say thanks to Darell for the timely guest post.
First thing I can say is be careful. There are a lot of companies in this industry that will just take your money and run. Do your homework. Here are a few questions you can ask:
How many calendar years have you been in business?
Are you licensed with the Secretary of State?
Are you fully bonded with a recognized surety company?
How many clients do you service monthly?
How many full time employees do you currently have on staff?
Are you registered with the Better Business Bureau and if so how many unresolved issues do you have?
Do you use online disputes? (If the answer is yes they are not going to be very effective)
RMCN Inc. uses a trademarked five phase system to restore our customer’s credit score to an acceptable range.
Our first step is to audit the credit bureaus or creditors using the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. These two laws have been established to protect consumers like you. Creditors and credit bureaus are legally obligated to produce documented evidence within a reasonable amount of time, generally 30 days, to back the claims they make about you. If our investigation proves that they cannot validate their claims, they must promptly remove any undocumented information from your credit report.
We also use the HIPAA law that clearly states that a medical care provider can not disclose personal, medical information to any 3rd party. It makes it very difficult to validate a debt if they can not disclose the information for validation.
There is another act in place that deals with identity theft and fraud. We use this in cases where someone has broken the law and used our customer’s information. It is called the Fair and Accurate Credit Transactions Act. With a fraud affidavit and a police report we can generally get the information off of a client’s credit in a matter of weeks.
In some cases the company will validate the debt. We have a very good history of settling the debt for much less than are owed and we attempt to get the debt removed from the credit report.
Remember that due to time restraints on these companies we send all investigations certified, return receipt requested. This is holding the creditors and collection companies to a higher level of service.
Each credit report is like a fingerprint. No two are alike and it actually identifies your financial life. Let us look into improving your portfolio by giving you a free consultation.
RMCN Credit Services, Inc.
972.529.0900 Ext. 353
888.4.MY.REPAIR Ext. 353