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DEBT RELIEF, WHICH INCLUDES: VALIDATE DEBT, DEBT REDUCTION AND INTEREST RATE REDUCTION

1.58 Trillion in consumer debt and climbing.

This 1.58 trillion in consumer debt does not include mortgage debt. The burden of debt is great. The need for debt relief is clear.

It is your right and you are entitled to negotiate with any of your creditors to Validate your Debt, Negotiate for Debt Reduction and ask for Interest Rate Relief. Further, your creditor may agree to these arrangement(s) and still report a positive credit rating.

Debt Relief is not an automated service. There is never a charge unless you use the service. You are in total control. Note that Debt Relief and/or Credit Corrections are services offered that may result in credit rating improvements.

COMMON QUESTIONS AND CONCERNS

Collection Agency tactics:

I am in a dispute with a collection agency, yet they report negative information to my credit reports. Why?

This is a strong-handed tactic commonly used by collection agencies simply to get you to pay the collection amount, with penalties, interest and fees. The F.C.R.A. specifically states that a creditor may not report negative information on your credit report if you have given notice to the creditor or the collection agencies that you are disputing their claim. They must then get a judgment against you before reporting. Collection agencies post to your credit in order to heavy-hand a settlement. In the end, you may settle, but they almost never will voluntary remove the negative item from your credit report. This is why you need Correct Corrections.

20 Years?

A common practice from collection agencies is to pursue collection by using the power of negative information on your credit reports. By transferring names of collection agencies or selling the collection rights, they reset the date in which the original debt is due. Therefore it seems to the credit reporting bureaus that this is a non-expiring reportable negative item. They can continue this process almost indefinitely and in many cases up to 20 years.

Why did a Collection Agency report a negative item? It is not my debt!

Mistakes are very common. Especially if you calculate the impact of identity theft, similar names, similar addresses, etc. Collection agencies have gotten lazy and are more commonly using a tactic called “running the number” to collect. This is a practice of blanket reporting negative items to the Credit Bureaus just to get your attention in the hope that you will just pay it and quickly. This tactic often works simply because the time and pain to remove an item is just too great!

This practice exists because many Collection Agencies are trying to shift their business to an all-electronic format with no cost for letters, phone calls, or judgments. They simply don’t want to do traditional collection any more, even if that is the only proper way to determine who is responsible for a debt or determine the true amount due.

Are Credit & Debt counselors really on your side?

In many cases, they are not. In general terms, they take between 25% to 40% of what they save you. Some also require a monthly fee that could stretch for years while you pay off your debts. They generally require you to take all your debt and put it in to their program. They do not help you improve your credit rating, which should be part of the negotiating process with a Creditor.

When you use MyPerfectCredit’s DEBT RELIEF program, we take no percentage of your savings! You control which items are in DEBT RELIEF and for how long. This is a great service especially if you only want relief on one or two debt items.

Creditors are careless in their lending practices.

When times are good, creditors lend at a frightening rate to many who should not otherwise receive credit. Instead of improving their lending practices creditors use every collection method available including incredible interest, fees and penalties, in their attempt to making your credit so poor, that you will just succumb to pay it off. Then, once paid off, your credit is still damaged for years.

Scouring your credit report.

Every major insurer and credit card issuer scours your credit reports every other month to determine if they can arbitrarily raise your interest rate or cancel your service. This may not be a result of anything you have done with them. In fact, they may see negative information on your credit reports and cancel your insurance or increase your credit rate even if the item is a result of identity theft or simply a mistakenly reported item. This is an unfair practice.

Can I control all the charges and choose which items are to be included in DEBT RELIEF?

Yes. You select which items for either Validate Debt, Debt Reduction or Interest Rate Relief. You have total control. You can opt-in or opt-out of any item at any time. Please review the demo on our web site for further details.

CREDIT CORRECTIONS

To begin, you, your creditor(s) and the credit reporting bureaus should agree that what is contained in your credit report(s) is accurate. This is your right and CREDIT CORRECTIONS helps you do this.

Most people do not know how to read their credit reports, even ones displayed on-line. Most people cannot afford to take the time away from work to battle the credit bureaus and/or creditors in order to improve their credit health.

CREDIT CORRECTIONS helps you accomplish this with real results. Get the credit you deserve. Let our advanced automated system do all the work, or you take total control.

COMMON QUESTIONS AND CONCERNS?

How big is the problem?

2.36 Billion errors being reported.

There are over 2.36 billion incorrect, outdated and unverifiable negative credit items are on file and being reported by the Credit Bureaus! It really is a big problem!

The Public Interest Research Group (P.I.R.G) estimates that 70% of credit reports contain 4 to 5 negative credit items that do not belong. This most certainly creates artificially lower credit scores than individuals deserve.

The calculation takes the P.I.R.G. estimate that 70% of the approximately 250 million credit reports on U.S. individuals have an average of 4.5 inaccurate, outdated or unverifiable negative items across all three Credit Bureaus. This totals a mind boggling 2.36 billion negative items on credit reports that do not belong.

Because of this generally unknown fact, the F.C.R.A. was written with the benefit of the doubt in favor of the consumer. Therefore, if inaccurate, outdated or unverifiable items are contained in your credit reports, they are to be removed and removed permanently.

How long will it take until I see results?

Under the F.C.R.A., the Credit Bureaus must investigate and respond to disputes within 30 days and sometimes a maximum of 45 days. Each of our cycles is 60 days, which generally allows enough time for the Credit Bureaus to properly investigate and respond. Most of our members see results within the first two cycles, while continuing to see additional results as their reports continuously cycle through our system.

What are negative credit items and how do they affect me?

Negative credit items are pieces of information contained in your credit report(s) that cause your overall credit score(s) to decrease.

Examples of negative credit items are:

The effect of a low credit score, as a result of negative items, can be devastating for many years. Lower credit scores can effect your ability to get credit, insurance and even a job.

Accurate negative credit items are commonplace on credit reports. However, if they are inaccurate, outdated or unverifiable item contained on your credit reports, they are to be removed and removed permanently.

What if I have perfect credit?

If you believe this is the case, our research has shown you are the most likely victim of future Identity Theft. The amount of damage is can be proportional to your credit borrowing power prior to being a victim. This can have a devastating effect on an individual’s livelihood. Our system will keep an ever-watchful eye for you. Remember the other benefits of membership: Credit Monitoring, Analyzer, Qualifier, Scoring Meter, Credentials, DEBT RELIEF and CREDIT CORRECTIONS.

Why does negative information that has been removed continuously reappear?

When it comes to getting inaccurate, outdated and unverifiable items off your credit reports on your own, your battle may never end. This is where MyPerfectCredit can truly provide a valuable service. We monitor this strange behavior by creditor(s) and the credit reporting bureau(s). If a negative item has been removed and it returns, we will notify the bureaus that it must be permanently removed.

This is a tactic often used by collection agencies in a strong-handed attempt to get you to just settle up by keeping negative items on your credit reports. In fact, they can use this tactic to keep negative information on your credit report for up to 20 years in their attempt to collect. This is done no matter if the item was yours or not.

As a note, the F.C.R.A. specifically states that once an item has been removed it must be permanently removed. This more commonly happens because the credit bureaus and your creditor ignore the rules of the F.C.R.A.

I am in a dispute with a collection agency, yet they report negative information to my credit reports. Why?

This is a strong-handed tactic commonly used by collection agencies simply to get you to pay the amount. The F.C.R.A. specifically states that a creditor may not report negative information on your credit report if you have advised them that you are disputing the amount. Collection agencies post to your credit in order to pressure a settlement. In the end, you may settle, but they almost never voluntarily remove the negative item from your credit report. This is why you need Correct Corrections.

Can I put a 100-word dispute on my record?

Yes you can. We do NOT provide this service because our research has shown this is a waste of time and has very little benefit. Your credit is determined by your credit score, which is an aggregate of your credit information. Your score is what lenders generally look at. Generating this score does NOT take into consideration your 100-word dispute and it never will. Remember that this right of adding 100-words was well before credit scoring took hold.

How can other people's information show up on my credit report?

Here are just a few examples that could cause this type of problem: (1) information associated with someone with a similar name could mistakenly be associated with your files, (2) many governmental institutions, such as small claims courts, assign data based on name only, rather than name and social security, or (3) the person typing in information could make a mistake.

There's another person with a similar name on my credit report - what do I do?

Credit bureaus process millions of pieces of information every day and because of this, you will tend to get unavoidable errors. Name similarities, transpositions and misspellings all contribute to the problem. This information does not belong on your report. Any credit items belonging to this other person, along with their personal information (names, addresses, social security numbers) can be disputed and removed.

Why am I receiving correspondence? What do they mean?

This is very common. Once MyPerfectCredit begins you will start receiving regular correspondence in the mail from the credit bureaus and your creditors depending upon which of the MyPerfectCredit services you are using.

Some of what you may receive:

From the any of the three credit bureaus:

For your information only:

 

Billing

Can I completely control my charges and control which services and benefits I choose to receive?
YES.

How am I billed?
To your credit or debt card. We accept VISA, MasterCard.

When am I billed?
With our CREDIT CARE 695 RISK FREE product, you will be charged $6.95 per item from either of our paid services. You can cancel at any time. The paid services are Debt Relief with three components: Validate Debt, Debt Reduction and Interest Rate Relief; Credit Corrections, and Identity Shield. All other services are FREE. For your convenience and benefit, you will be automatically enrolled in our EASY 30/35 Billing program with this product. You can control which items you will be charged for and you may opt-out of any item at any time.

Our CREDIT CARE 495 product is the same as above, yet you only pay $4.95 per item from either of our paid services. There is a $19.80 minimum monthly fee, which ever is greater. You can cancel at any time. You will be automatically enrolled in our EASY 30/35 Billing program.

Our CREDIT CARE UNLIMITED product is the same as the above. You only pay a FLAT RATE of $49.95 per month. You can cancel at any time. You also receive the benefits of all our FREE services as well. You simply pay $49.95 per month. Please note, the EASY 30/35 Billing program does NOT apply for this product.

How does your EASY 30/35 Billing program work?
Our EASY 30/35 Billing program is designed for your convenience and with your budget in mind. We are confident that, as a member, you will see great value in our Debt Relief, Credit Corrections and Identity Shield paid services and use them quite regularly. Each item used in any of these paid services is billed at a low $6.95 or $4.95 per item depending upon which product you signed up for. Your account will accumulate fees as normal according to your plan. However, as a service to you, we will not charge your credit/debt card over $65 per month which we split in to two charges of only $30 and then $35 billed 15 days apart. Therefore, please feel free to use our services for your TOTAL Credit Care. This does not apply to the Credit Care Unlimited which is billed at a fixed $49.95 per month.

When can I upgrade?
At any time. Log in to your account and select Upgrade. There is no fee to upgrade.

When can I cancel?
At any time.

Is there a Cancellation fee?
Never.

What happens if my payment fails?
We will notify you by e-mail that your payment has not been accepted and ask that you log in to our system and update your billing information. If this is not resolved within two weeks, we will suspend your account until you have had the opportunity to update your billing information. We will charge you a fifteen dollar reactivation fee only if your account goes to suspended status. Closed account which have non-collectible balances due are forwarded to a collection agency. You will be required to pay any prior balances if you choose to have your account reactivated after it has been closed.

How do I change my billing information?
Simply log in to your account and make the changes to your billing/account section.