Indeed consumers need to be responsible and pay what they owe, but when over 70% of the information reported on a consumer credit report is inaccurate, what does that really say about the systems that are in place to fix it?
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Miami, FL (Vocus) March 17, 2009
Miami, FL March 16, 2009-- Tell consumers "Credit Repair" is not a dirty word like the Federal Trade Commission (FTC), Creditors or the Credit Bureaus would have them believe. In the midst of a collapsed economy and over 1.5 trillion in bailouts with Consumer money, it still remains difficult for Consumers to address their credit issues. "Bad Credit is big business" says Anthony Martinez, Founder & CEO of Credit Liaison, a credit repair company taking the lead on consumer advocacy. Credit Liaison has put out a Petition seeking 100,000 signature asking Congress to amend the language of the Fair Credit Reporting Act so that it benefits the consumer better.
Credit Liaison is leading a first rate Consumer fight to help hard working Americans with their credit. Aside from the strongest techniques that force Creditors and the Credit Bureaus to delete negative inaccurate information from Consumer credit reports, Credit Liaison is asking Consumers to sign the Petition and get Congress to listen. "The facts are in and they're not pretty at all" says Anthony Martinez. "If over 70% of the information the Credit Bureaus report is inaccurate isn't that abuse? If Creditors re-age items on a consumer credit report for profit isn't that fraud and abuse? Most Debt Consolidation companies are either owned or affiliated with the Banks who own Consumer credit card debts. They never tell Consumers that they will basically pay indefinitely if they use their services in some cases" says Anthony Martinez. Debt Consolidation companies report Consumers to the Credit Bureaus which actually has a negative effect on a Consumers credit report according to Credit Liaison sources.
"Indeed consumers need to be responsible and pay what they owe, but when over 70% of the information reported on a consumer credit report is inaccurate, what does that really say about the systems that are in place to fix it?" says Anthony Martinez. The legal remedy Congress has in play with the Fair Credit Reporting Act allows for $1,000 per violation according to the FCRA. "To a billion dollar industry that's like throwing a pebble at an iron door" says Anthony Martinez. "Congress needs to make it more equitable for the Consumer. Raise violations to $5,000 or $7,500 per violation. Respond to acts of inaccurate reporting by Creditors by setting a violation limit whereas if they report more than say 50 accounts inaccurately in any given month, they are barred from their ability to report to the Credit Bureaus for a certain period of time."
"The Fair Credit Reporting Act is comprehensive and very confusing to the average American" says Anthony Martinez. "It is only right that they have a venue to turn to when they want to repair or address their credit issues without having to pay a lawyer $200 an hour to do so. Indeed every Consumer can repair their credit on their own but they can also fix their cars on their own or do their own hair. Most Consumers turn to the experts to get these things done and so many are now turning to Credit Liaison to fix and address their credit reports."
Credit Liaison is a credit restoration company built by litigation expert Anthony Martinez and is dedicated to helping people fix their credit reports and address their debt problems. He is the President & CEO of Litigation Logic, a litigation support company that specializes in electronic discovery and digital solutions for complex litigation matters. He is also the CEO of Really Hot Music, Inc., an urban independent recording label. As a consumer advocate Anthony Martinez and Credit Liaison as a whole are asking people to sign their Online Petition even if they are not interested in fixing their credit to help support other Consumers that need it.
Phone: (305) 529-7100