12/15/2020
KNOW THE LAWS!!!
I'm seeing đ alot of Fraud activity when it come to credit repair so I will like to start calling out the scams!!!
Let's talk CREDIT SWEEPS đ€„đ
Credit sweeps are a super aggressive credit repair tactic where every item on someoneâs credit report gets disputed all at once.
Credit sweeps are usually advertised to someone who has experienced identity fraud, usually by an ILLEGITIMATE credit repair company posing as a legitimate one.
The only way to perform a âcredit sweepâ is if your client has a police report indicating they were a victim of identity theft, and in fact, every single item on their credit report is fraudulent, but more often than not, this isnât the case.
If you conduct a credit sweep which disputes everything in your clientâs credit history, but even just ONE of the accounts was opened by your client, you are committing fraud.
Not only is it immoral and illegal to make untrue or misleading statements to credit repair clients under the Credit Repair Organizations Act, but the path to achieving fast results can also lead to criminal charges.
Unfortunately, there are some bad apples in the industry that will go as far as to file false police reports to remove negative items from a credit repair super fast. You have a moral responsibility to protect your client from this type of scam that could potentially land them in big trouble.
HERE'S AN ACTUAL EVENT THAT HAPPENED!!! READ BELOW!
In, 2013, after a year-long investigation by the Las Vegas Metropolitan Police Department and the U.S. Secret Service, a company called Tradeline Pros found themselves in hot water for credit sweeps.
On its website, Tradeline Pros promised to âremove 75% of negative items from your reports in the first month.â As it turns out, these unbelievable results were just that. Unbelievable.
Tradeline Pros forged 174 police reports indicating their clients were victims of identity theft, when in fact, they were not.
The defendants in the case were charged with a slew of felonies including racketeering, establishing a forgery laboratory, and forgery.
So you be the judge. If you see a "credit repair" company offering Credit Sweeps KNOW that their is something not right.
Have any questions Hines Unlimited LLC is here to HELP!!!