Friday, February 25, 2005
CREDITWRENCH and credit repair Part III
As was pointed out in my blog on Jan 22nd of this year, and subsequently admitted to by CREDITWRENCH CEO Bill Bauer, CREDITWRENCH destroys all records of a "student" once the CREDITWRENCH material is received.
Since we've shown that CREDITWRENCH is clearly a credit repair organization as defined within the Credit Repair Organizations Act, destroying records in such a manner violates the provisions of said act. Specifically Sec 405(c) which requires certain records to be kept for 2 years.
CREDITWRENCH destroying all records of a "students" immediately upon the receipt the CREDITWRENCH material, is a violation of Federal Law.
Since we've shown that CREDITWRENCH is clearly a credit repair organization as defined within the Credit Repair Organizations Act, destroying records in such a manner violates the provisions of said act. Specifically Sec 405(c) which requires certain records to be kept for 2 years.
CREDITWRENCH destroying all records of a "students" immediately upon the receipt the CREDITWRENCH material, is a violation of Federal Law.
