CREDITWRENCH's "fail proof" credit repair method

CREDITWRENCH's "fail proof" credit repair method

In my prior post I brought to light one of the methods CREDITWRENCH Bill Bauer proposes to repair credit. Regarding this particular method of credit repair he claims "I've never had it fail yet." That statement is an obvious lure for an unwary consumer to subscribe to his credit repair methods.

Here is why it will always fail:

The entire scheme hinges on his statement that:

FCRA states that they must print your 100 word statement and have no right to change or modify it in any way.

The FCRA states no such thing. In fact it states just the opposite:

Section 611 (c) states: the consumer reporting agency shall, in any subsequent consumer report containing the information in question, clearly note that it is disputed by the consumer and provide either the consumer's statement or a clear and accurate codification or summary thereof.

As you can clearly read, the Credit Bureau can, and in the case of obvious credit repair scams, will summarize the dispute for you.

The Credit Bureau's know much more about the FCRA than does CREDITWRENCH CEO Bill Bauer. In fact, he has stated in the past that he knows nothing about it, which should be obvious from this example.

Even though the Credit Bureau is entitled to summarize your statement of dispute, if you use the CREDITWRENCH method, you will likely cause yourself more damage and end up without any statement of dispute. Why? Because the FCRA also says they don't have to include a dispute statement if "there is reasonable grounds to believe that it is frivolous or irrelevant. Certainly CREDITWRENCH'S "copyrighted" letter is both frivolous and irrelevant.

CREDITWRENCH CEO Bill Bauer stating that the FCRA states that they must print your 100 word statement and have no right to change or modify it in any way is false and misleading.

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)