Credit repair companies provide a much needed service for consumers who are frustrated with misleading, inaccurate and unverifiable credit reports but the credit bureaus know they will have to spend money, lots of money, to clean up a deeply flawed and deeply flawed and fractured credit reporting system.
Online PR News – 24-March-2010 – – Under the Fair Credit Reporting Act a credit reporting agency is required to research your dispute with the source of the information.
"The credit bureau should check the entire record of the account in question and compare it with what they reported. This would allow them to make the appropriate changes and return a corrected, accurate credit report to you, the consumer, within thirty days," says Michael Hathman of Smart Solutions Credit Repair.
Credit repair specialists force credit bureaus to do their jobs, a job, when performed correctly, that costs credit bureaus much time and money. Equifax, Experian and Trans Union don't want to spend this money. The number one source of consumer complaints year in and year out has been the credit reporting industry, three companies, Equifax, Experian and Trans Union. No other industry even comes close.
An industry that has gone unchecked by the FTC as it runs roughshod over consumers year after year on such a colossal scale that it's mind boggling. Lives are ruined, reputations tarnished and jobs lost. For what? Trying to help consumers deal with an unfair, unjust and incompetent credit reporting system.
Visit them at http://www.smartsolutionscreditrepair.com
Smart Solutions Credit Repair is an independent credit repair and financial consulting company, focused exclusively on helping clients improve credit scores, financial security, and overall quality of life. Credit repair is an art. Smart Solutions has built its reputation helping people (often dramatically) improve their FICO credit scores. As part of our streamlined program, clients improve all aspects of their net worth and personal security. Smart Solutions is the best first step in improving your credit.