“If three out of the five senators during May 2013 hearing had unexplained errors on their credit report, just think how important it is for the average person to check their credit today!”
Mobile, AL (PRWEB) December 02, 2013
Scoreinc.com, Inc. announces a professional credit repair referral program in light of recent prosecutions by the Federal Bureau of Investigations and the Federal Trade Commission for credit repair scammers.
U.S. Attorney McQuade joined by Special Agent in Charge Paul M. Abbate of the Detroit Office of the Federal Bureau of Investigation announced November 7 2013 the sentencing of three credit repair scammers.
"The scheme to defraud was executed throughout the United States and involved the sale of a credit repair service by ICR Services (ICR), a multi-level marketing company owned by Pavone and managed with Samaan’s help. Pavone and Samaan falsely claimed to have a “proprietary software” program, often called “the magic disk,” that could erase negative and derogatory information from consumer credit reports. Relying on this false promise, more than 180,000 consumers paid for the worthless product that brought over $50 million into ICR", according to a press release issued by the FBI on November 7th, 2103: http://www.fbi.gov/detroit/press-releases/2013/defendants-sentenced-in-credit-repair-scam
“Pavone and Samaan were well-versed in the consumer protection rules and regulations contained in the Fair Credit Reporting Act. By taking advantage of these protections through false statements and claims, they were able to temporarily remove negative items from consumer credit reports. For a short time, this allowed unsuspecting consumers to disguise their true credit-worthiness and to trick potential lenders into risky credit relationships” according to U.S. Attorney McQuade
Furthur, McQuade stated, “These defendants preyed upon consumers who were desperate to repair their credit and who would be reluctant to report the crime to law enforcement." http://www.fbi.gov/detroit/press-releases/2013/defendants-sentenced-in-credit-repair-scam
Scoreinc.com, Inc. applauds the efforts of the Federal Bureau of Investigation, the Federal Trade Commission of this prosecution and asked that they continue in their effort to rid the industry of bad actors.
“These bad actors give the credit repair industry a bad name.” According to Joel S. Pate, president of Score, “it is critical that the government expose and eliminate illegal operations in the credit repair industry in order for consumers to be able to access professional assistance when needed.
“Further, as evidenced by Senator Clair McCaskill’s recent Senate Sub-Committee hearing, it is evident that credit repair professionals have a nearly unlimited market of approximately 40,000,000 consumers with actual errors on their credit report as outlined repeatedly during this Senate Sub-Committee Hearing,” according to Pate. “Thus there is no reason for credit repair professional to make false promises in order to secure business.” http://www.youtube.com/watch?v=4m6Y1MplsaI&list=PL6iCJwjzdwFOx-GQTUuM8K7U3glDCuCeY
Score further warns consumers to be on the lookout for companies that offer guarantees, charge in advance of the contracted service being fully performed and making false and illegal claims of removing accurate and verifiable negative entries on a credit report.
According to Pate, “Only inaccurate, unverifiable, and obsolete information can be removed from a credit report.”
Joshua Carmona, Vice President and Founder of Score warns, “if you have not checked your credit in the past six months, do it today. You may be the victim of a minor error or a serious mixed file. The sooner you know, the faster you can stop the problem and restore your good name.” One of the services you can use is http://www.myiqreport.com or http://www.creditchecktotal.com
For more information about the referral program or to advice on how to check your credit, contact Score by dialing call (877) 876-5921 extension 2.
Scoreinc.com, Inc., headquarter in Mayaguez Puerto Rico USA, with offices in Mobile Alabama, is a leading provider of services to the derogatory credit sector of the financial service industry through its Scoreway® Software Solution and credit report accuracy dispute services. The Scoreway® platform provides an end-to-end management solution that helps the companies that we serve manage the credit review and dispute process and to improve controls and profitability. Scoreinc.com services an ever growing list of mortgage company’s, banks, credit unions, Realtors®, builders and credit service organizations through its innovative technology and credit report accuracy service. Contact Score for more information at 877-876-5921 or by visiting http://www.scoreinc.com