Most of the general public is under the impression that the credit reporting agencies are owned by the government and that there is no way of changing what has been reported on their credit profiles. This is a complete misconception.

The credit reporting agencies (Experian, Trans Union, Equifax) are in business to make profits and provide information to your creditor's. They are paid by creditors to provide updates to your credit file whether accurate or not.

They also make huge profits by selling lists to creditor's and banks who buy your name and information. This data is used to market their products or services.

Federal law gives all of us the right to correct, update, and dispute the validity of any account on our credit reports. It is our job as consumers to make sure our reports are valid, accurate, up to date, and have the best possible status.

The Fair Credit Reporting Act (FCRA) defines all aspects of the Credit Reporting regulations. It covers creditors, consumer’s rights, credit reporting agencies rights, collection agency rights, and much more. http://www.ftc.gov/os/statutes/fcrajump.shtm

If you have any questions about the FCRA feel free to call us for specifics.

Fair Debt Collection Practice from the FDIC

The Fair Debt Collection Practices Act prohibits unfair, deceptive, and abusive practices related to the collection of consumer debts. Although this statute does not by its terms apply to banks that collect their own debts, failure to adhere to the standards set by this Act may support a claim of unfair or deceptive practices in violation of the FTC Act. Moreover, banks that either affirmatively or through lack of oversight, permit a third-party debt collector acting on their behalf to engage in deception, harassment, or threats in the collection of monies due may be exposed to liability for approving or assisting in an unfair or deceptive act or practice.

Call us today to change your credit future.

North Shore Advisory, Inc.
Tracy Becker, President
155 White Plains Rd. Suite 203
Tarrytown, NY 10591

Phone: 914-524-8300
Fax: 914-524-5014
info@northshoreadvisory.com

For over 20 years, North Shore Advisory, Inc. a New York based Credit Restoration / Education Company, has helped countless individuals and companies save hundreds of thousands of dollars with their unique Credit Repair process in New York, Connecticut and New Jersey.

Tracy Becker and her team of professionals work businesses helping them get access to the credit they need in order to improve their overall financial health.

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North Shore Advisory, Inc.
Tracy Becker, President
155 White Plains Rd. Suite 203
Tarrytown, NY 10591
Phone: 914-524-8300
Fax: 914-524-5014 info@northshoreadvisory.com