Thursday, August 31, 2006
Creditwrench and FACTA
CREDITWRENCH CEO Billie Bauer recently admitted he did not know that a consumer credit law, commonly known as FACTA, was in fact a law.
Interesting that someone who promotes themself as an expert on the FDCPA knows nothing about FACTA. In fact, CREDITWRENCH CEO Billie Bauer goes to such lengths to promote himself as an expert on the FDCPA that he even registered the domain name fdcpaexpert. com.
One cannot possibly enforce all of the rights one is afforded under the FDCPA without being cognizant of an important consumer credit law such as FACTA.
For example, FACTA gives you the right to dispute inaccuracies on your credit report directly with the data furnisher, such as a collection agency. If the collection agency fails to investigate and correct the inaccuracy, according to FACTA guidelines, they are now in violation of the FDCPA for misrepresenting the status of the debt.
It's criminal that CREDITWRENCH CEO Billie Bauer, in an effort to promote his credit repair scam, would portray himself as an expert on the FDCPA. Particularly in light of his own admission that he is unfamiliar with consumer credit laws.
Interesting that someone who promotes themself as an expert on the FDCPA knows nothing about FACTA. In fact, CREDITWRENCH CEO Billie Bauer goes to such lengths to promote himself as an expert on the FDCPA that he even registered the domain name fdcpaexpert. com.
One cannot possibly enforce all of the rights one is afforded under the FDCPA without being cognizant of an important consumer credit law such as FACTA.
For example, FACTA gives you the right to dispute inaccuracies on your credit report directly with the data furnisher, such as a collection agency. If the collection agency fails to investigate and correct the inaccuracy, according to FACTA guidelines, they are now in violation of the FDCPA for misrepresenting the status of the debt.
It's criminal that CREDITWRENCH CEO Billie Bauer, in an effort to promote his credit repair scam, would portray himself as an expert on the FDCPA. Particularly in light of his own admission that he is unfamiliar with consumer credit laws.
