Has anybody ever used BCR Consulting for credit repair?

My name is Carl Bennet, I work for BCR consulting. I saw this post on a google alert and since the name of our company was mentioned beside the words ?Scam? and ?Waste of money? I think I should try to clarify a couple of points about credit repair and our company, I certainly hope this post will be Ok with yahoo?s moderators, I?m fully disclosing my affiliation with the company and answering a direct allegation against our business? We try so hard to be 100% compliant with the laws that this type of comments are really hard to sallow in silence

Not ALL credit repair companies are scams, many are I would agree with that, but is fairly easy to spot a fraudulent credit repair company.

Typically all of them will ask for money in advance, a set up fee, half at sign up and half after a month, full payment?

There is several different schemes and many different excuses used by credit repair companies to charge money in advance and make it look legal but the truth is that under the current laws this charges are unlawful.

There is federal legislation to regulate our business and protect consumers from unethical credit repair operations; specifically the Credit Repair Organizations Act (CROA) doesn?t allow payments before services are rendered. All other companies try to work around this limitation stating that the set-up fee is the cost of opening the client file and they charge their monthly fee only after they send the letters in behalf of the client.
In my opinion consumers hire credit repair companies to improve their credit, that is the service they seek, all that administrative work and all the mailing is just the cost of doing business, a necessary step to provide the final service, but is not what the company was hired to do, charging money for those things is against the intentions of the law

We publish the full text of this Act and all other consumer laws on our website for anyone to read it ( http://bcrconsulting.us/html/LAW/title15_consumer_credit_protection/credit-repair-organizations-act.html )

We are one of the few and proud companies in full compliance with the law, no excuses. Our clients hire us to improve their credit and we will not charge them a cent until we deliver a improvement.

Or company also provide free credit repair help, anyone is welcome to use our ?Do It Yourself? page to make questions or request professional advise on how to proceed on any given situation, some of our clients actually prefer to do all the work and save money, we never had a problem with that, our staff will do their best to help them, we know chances are that they will succeed on the easy items and probably, they will hire us to work on the last, hard to remove accounts, for us this service is also a way to promote our business, they would recommend us to friends and family.

I?d like also to make a couple of comments on edancer post.
The idea that legitimate items are impossible to remove before the end of the seven and a half years reporting period is not true.

The Fair Credit Reporting Act states very clearly that only timely, accurate and verifiable information may stay in a consumer credit report if the consumer disputes such information.
This means that if somebody defaulted in a credit card, let?s say 4 years ago, and now want to improve his or her credit, the first obvious step is to discover if the credit card company still have documents to support their reporting.

Many banks and credit card companies get rid of old delinquent records as soon as the Truth in Lending Act and banking regulation allow them. Keeping all those delinquent records on file cost money so many companies just delete them hoping that the consumer will never dispute the information reported to the credit bureaus because is true and accurate, if the consumer disputes this companies find themselves unable to verify the information therefore it is deleted from the credit report.

Of course these banking lobbies work very hard to convince the general public that there is no way to remove accurate information but the law is the law and I don?t think that there is anything wrong with a consumer taking all possible advantage of it, these big corporations take advantage of every single loop hole they can find to increase their profits at consumer?s expense on daily .basis.

All these financial institutions have to do to put legitimate credit repair companies out of business is comply with the consumer laws, if they are in full compliance there is nothing we can do to remove the derogatory accounts, I don?t think is asking to much from them.

Some banks already seems to understand this, for instance Capital One and Chase started a couple of years ago to keep all delinquent records for at least seven years, if you have a loan with them and money is short give them preference on your payments, removing those derogatory accounts from your report later will be a problem.

Carl.-

Source: http://www.financelearning.org/credit/has-anybody-ever-used-bcr-consulting-for-credit-repair/

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