CREDITWRENCH and the FCRA Part III

CREDITWRENCH and the FCRA Part III

On his message board, CREDITWRENCH CEO Bill Bauer gives the following credit repair advice:

As an example of when and how to use this CREDITWRENCH method, here is an imaginary instance. Let us imagine that the credit bureau is reporting that you owe $10,000 and the truth is that you only owe $1,000 so you send the following 100 word statement in a letter which gives them two options.

1. Remove the listing entirely
2. Print my 100 word statement in it's entirety exactly as I have worded it and distribute my 100 word statement to each and every company who has ever requested my credit report during the last two years.

He then goes on to provide his "copyrighted" consumer statement, which in part states:

(Credit Bureau)...is falsely reporting inaccurate and incomplete information...In doing so, (Credit Bureau) is knowingly defrauding you...probably does contain false and inaccurate information.

This idea of asking the Credit Bureau to insert a comment that they would find demeaning, and therefore opt to delete the tradeline instead, is an old favorite of credit repair scams and has been around forever.

According to CREDITWRENCH's credit repair advice, the Credit Bureau must include this statement, and has no right to change or modify it. Additionally, that you can request it be distributed to every company ever requesting your credit report during the last two years.

CREDITWRENCH CEO Bill Bauer's credit repair advice from his message board quoted above is false and misleading. In my next post, I will point out the numerous reasons why.

(Here you can read the full cached version that he can't alter)