Public Records - Tax Liens, Judgments, and Bankruptcies!
First we discuss an email sent to our client from an alledged payday loan debt collector that broke every single consumer protection law ever made. For your viewing pleasure, The email can be found here: Crazy Debt Collector Email
Also.... we discuss the removal of public records from credit reports:
The three nationwide credit reporting companies—Equifax, Experian, and TransUnion—entered into a settlement with over 30 state attorneys general. This settlement, called the National Consumer Assistance Plan (NCAP) was supposed to require the three nationwide credit reporting companies to create minimum standards for personally identifiable information and reporting frequency for civil public records, including bankruptcies, civil judgments, and tax liens.
Starting July 1, 2017, this aspect of the settlement required all civil public records to have a name, address, and a Social Security number or date of birth before appearing on credit records from the three nationwide credit reporting companies. The settlement also required this information to be refreshed by the credit reporting companies at least every 90 days. Since the Credit Bureaus can't actually comply with those request, a HUGE number of public records ended just being deleted from credit reports.
In this episode, we explore how the reduction in public records affected consumers' credit records and their credit scores. (Not Much)-
Thank you for listening!!!!!!!!!!!!!!!!
The Extra Credit Show is a show hosted by Ex-Debt Collection Agency Executive and Consumer Credit Expert Anselmo Moreno and his business partner Richard David. They have been in the consumer credit consulting and credit repair business since 2005. They often found themselves talking to each other about the current state of consumer credit, debt, credit bureaus etc. - take a listen to the minds of two passionate long time credit repair experts.
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Watch the show on YouTube : https://youtu.be/RVq0jCjwpxY
P.S Section 609 Credit Repair Loophole is bogus, in fact it has nothing to do with credit repair. Read it for yourself.
Link to FCRA: https://www.ftc.gov/system/files/fcra_2016.pdf
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