Brown Assets Group – Why Does Credit Repair Have A Negative Connotation?
Written by: Darius & Jocanna Brown, Executive Contributor
At its heart, credit repair is about assisting consumers in identifying errors on their credit reports and disputing inaccurate information. This process is not only legal but also protected and outlined under the Fair Credit Reporting Act (FCRA). The FCRA gives consumers the right to dispute and have inaccurate or outdated information removed from their credit reports. This is a fundamental right, not a loophole, designed to ensure that credit reports accurately reflect a person’s financial history.
The negative connotation surrounding credit repair largely stems from the practices of disreputable companies that promise unrealistic outcomes, fail to disclose rights to consumers or employ illegal tactics such as creating “new” identities. These actions not only harm consumers but also tarnish the reputation of the credit repair industry as a whole. It is against this backdrop that our company Brown Assets Group operates, adhering to a strict code of ethics and compliance with all state and federal laws governing credit repair.
Our approach to credit repair is rooted in education and empowerment. We believe in providing our clients with the knowledge and tools they need to understand their credit reports and the credit repair process. This includes transparently discussing what can and cannot legally be done to improve a credit report, setting realistic expectations, and offering ongoing support throughout the process. Our objective is not only to assist in improving our clients’ credit scores but also to help them build healthier financial habits for the future.
Furthermore, we are committed to advocating for consumer rights and working towards greater transparency and fairness in the credit reporting system. We actively engage in dialogue with policymakers, consumer advocacy groups, and the credit bureaus themselves to push for changes that benefit consumers.
In conclusion, the misconception that credit repair is illegal undermines the legitimate and necessary services provided by ethical companies within the industry including Brown Assets Group. Our company’s mission is to change this narrative by demonstrating through our actions and results that credit repair, when conducted lawfully and ethically, is a valuable service for consumers looking to improve their financial well-being. By focusing on education, legal compliance, and ethical practices, we not only assist our clients in achieving their financial goals but also work towards elevating the standards and reputation of the credit repair industry as a whole.
Here are some things you can do before choosing which credit repair company to work with when improving your credit:
-
Check the company credentials: Google Reviews, Website Reviews, and how long the company has been in business.
-
Speak to a live expert at the company and allow them to discuss how they can assist you legally to improve your credit scores.
-
Ask the representative if their company offers a detailed credit analysis before beginning their credit services. – This is key as this will allow you to confirm if the company can help you improve your credit scores, but most importantly help you gauge if the company is knowledgeable in the credit repair industry.
-
Identify if the company has helped any other consumers reach their credit score goals. These reviews should be on their website and/or their Google My Business Page.
-
Identify if the credit repair company offers a client portal for their clients to track the credit repair process – This is key.
-
Identify if the credit repair company offers education and a roadmap to help their clients understand their credit scores and how to maintain a healthier credit score/ profile history.
