Credit is the #1 killer of hopes and dreams in America!
We are the area's premier real estate solutions company
working with homeowners, buyers, sellers, agents, and investors.
It's an out of control epidemic,
We have the answer !!!
“About 77 million Americans have a debt in collections… That amounts to 35 percent of consumers with credit files or data reported to a major credit bureau, according to the study released by the Urban Institute and Encore Capital Group’s Consumer Credit Research Institute.” ~ The Washington Post, July 2014
In 2012, Richard Cordray, then Former Ohio Attorney General, now Head of the Consumer Finance Protection Bureau conducted a study called “Credit Scars” displayed in The Columbus Dispatch Newspaper.
“About 6 percent of nearly 21,500 consumers who complained to the Federal Trade Commission during a 30-month period beginning in 2009, and nearly 8 percent of 1,842 who complained to state attorneys general in 2009 and 2010, said that their credit reports had been mixed with another person’s.
In an unprecedented review of consumer complaints to the FTC, The Dispatch learned that consumers’ files had been merged with those of their mothers, fathers, brothers, sisters, in-laws and neighbors. They were mixed with strangers with the same name, a similar name, a similar Social Security number or no known similarities whatsoever…
Of the 1,252 people who told the FTC that their files had been mixed with other consumers’, 30 percent also complained that the credit reporting agencies failed to correct the mistakes after being asked. The others did not indicate whether they had sought to have the information corrected…
Do you know what are the 5 Components of your Credit Score
and what they REALLY MEAN?
If you don’t, it’s not surprising… they don’t even teach Credit Education in High Schools or Colleges/Universities… but WE DO. Find out why we are being used by Mortgage Companies, Realty Groups, and Banks across America to teach the education of credit.
Education, Education, Education!
In a chain related article of The Columbus Dispatch written in the same year, this astonishing fact was reported, “…No one outside Experian, Equifax and TransUnion, the three major credit-reporting agencies in the United States, fully understands how computer formulas used by the companies match up information. The formulas are closely guarded industry secrets.”