Friday, February 25, 2005
CREDITWRENCH and credit repair Part IV
While the business of credit repair itself is not illegal, like other businesses, there are legal guidelines that a credit repair organization must follow in the operation of its business. Just like you would expect a restaurant to follow certain health guidelines.
However, less than ethical operators in the credit repair business like Bill Bauer, John Gliha, Bud Hibbs, etc, purposely deny they are in the credit repair business, with the sole intent of circumventing laws that regulate their credit repair business.
For example, Credit Repair Organizations Act states that a credit repair organziation cannot charge up front for its services. CREDITWRENCH requires you to make an up-front payment for services in clear violation of Federal Statutes. This way they already have some of your money by the time you discover their far out credit repair methods are nothing but a scam.
CREDITWRENCH charging an upfront payment for credit repair services is a violation of Federal Law.