Consumer Law Credit Repair: Powerful Dispute Method Explained!

Daniel Rosen  0:00  

Hey, Credit Heroes. Everyone's talking about this new thing called Consumer Law disputing. And today, I'm gonna explain what it is and whether or not to believe the hype, so you better stick around. 

So the big question is this, how can we take our passion for helping people with their credit and turn it into a successful business without taking loans without spending a fortune by bootstrapping it from nothing? So we can help the most people and still become highly profitable? That is the question, and this podcast will give you the answer. My name is Daniel Rosen, and welcome to credit repair business secrets. If this is your first time listening to my podcast, every week, I give credit repair tips and advice on bootstrapping your business from nothing. So be sure to click subscribe now and get ready to start changing lives. 

Okay, let's get into this. You might have noticed that consumer law is a hot topic buzzword in the credit repair community. But there seems to be some confusion about what it actually is, where it comes from, and whether or not it really works. Well. I'm happy to confirm that consumer law is the real deal. It's a proven dispute method that can be used to remove just about anything from a credit report. But guess what you're probably already using it Consumer Law disputing is factual disputing; they're the very same method, they just have a different name. It just puts greater emphasis on understanding the specific legal codes that we already use in our dispute letters. That being said, since everyone is super excited to talk about consumer credit law, today, I'm going to reveal some of the most effective credit repair legal codes, and I'm going to show you how you can use them to get the best results. 

Here's how this relates to us. If the facts are on your side, and the law is on your side, you have the tools and the leverage that you need to succeed at credit repair. The Consumer Law dispute process refers to the use of federal laws, specifically sections of US Code Title 15 Chapter 41, in order to fight back against unfair, deceptive, or abusive practices related to credit. Chapter 41 is a collection of laws that help to ensure that consumers have everything from Fair and Accurate Credit reporting to protections against unfair billing practices, abusive debt collectors, and identity thieves. The five most important laws included in Chapter 41 Are the Fair Credit Reporting Act, also known as the FCRA. The Fair and Accurate Credit Transactions Act, F ACTA factor, the Fair Credit Billing Act FCRA, the Equal Credit Opportunity Act II CoA, and the Fair Debt Collection Practices Act FDCPA. The FCRA, the Fair Credit Reporting Act, is the most comprehensive of all of these laws because it regulates the entire credit reporting industry, and it gives consumers the right to dispute inaccurate or incomplete information on their credit reports. And it prohibits the credit bureaus from reporting anything that is not accurate, not timely, or relevant factor was enacted in 2003. To strengthen the FCRA. It requires that the bureaus take steps to prevent identity theft, and it gives consumers more rights to dispute inaccurate information. 

It also requires creditors to provide consumers with more information about their accounts, and it prohibits creditors from using certain information to make decisions. The most effective legal codes used in credit repair dispute letters are pulled from the FCRA section of Chapter 41. But every lon chapter 41 is a tool that you can use to fight back to boost scores and change lives. Here's the thing to remember, if you're using dispute letters, you're already using the Consumer Law method, even if you don't realize it, especially if you're using Credit Repair Cloud. See, most letters cite at least one legal code violation as the reason for the dispute. 

Now, if you don't have any dispute letters handy and you want to see some examples, I'm going to drop a link over there in the show notes. So You can download our free five dispute letter templates that every credit hero needs. As you look through those dispute letters, you're going to see specific legal codes. These codes are the foundation of the credit repair process. And they are the only reason that banks and bureaus listen to people like us. 

Here's why this is important. If you want to learn every consumer credit law in the book, you can; the FCRA and other Chapter 41 legal codes are easily searchable online. And some even offer all of chapter 41 as a free PDF download. Now chapter 41 is over 200 pages, which sounds like a lot until you consider that every single sentence is a right that helps you to defend yourself and others from the worst aspects of the credit system, even if you exclude the FCRA Chapter Four includes the FCPA, which you can use to dispute a billing error on your credit card statement, as well as the E COA which you can use to challenge a creditors decision to deny your credit, and the FDCPA, which you can use to stop a bill collector from harassing you. Now, these are all general examples, you'll need to dig deeper to find the specific code that relates to your unique disputes. But I did promise to reveal some of the most effective credit repair legal codes. Here's what you need to know. Section 15. US Code 1681 I A five of the Fair Credit Reporting Act. It states that if a consumer disputes the accuracy of the information in their credit report, the credit reporting agency must investigate the dispute. And if the information is found to be inaccurate, they must remove it from the report. 

So if you remember just one thing from this episode, remember this legal code because it gives you the right to dispute any inaccurate, incomplete, or unverifiable items on your credit reports, section 15. US Code 1681 E B of the FCRA requires that consumer reporting agencies use reasonable procedures to assure the maximum possible accuracy of the information in the reports that they furnish. In simpler terms, the credit bureaus must take steps to ensure that the information they are reporting is accurate. For example, if you show evidence that a late payment was actually paid on time, but the Bureau continues to include it in your credit report. This is a violation because they didn't take steps to verify the accuracy of the information before reporting it 1681 ay ay five and 1681 E B are two of the most common credit report violations and two of the most important legal codes to include in your dispute letters. But as I said, there are over 200 pages of additional consumer credit laws, so there's plenty more to learn. Here's my final point, calling factual disputing something other than factual disputing, it might sell some books and courses, but just know that this method remains the same. If the facts are on your side and the laws on your side, you have the tools and the leverage you need to succeed in a credit repair period. 

And just a reminder, this podcast is brought to you by Credit Hero Score. Credit Hero Score is the only credit monitoring service that integrates directly with Credit Repair Cloud get instant access to your credit reports, and scores by signing up for a seven-day trial for only $1 Sign up right now at creditheroscore.com. Okay, now for my favorite part of the episode. Every week I feature one of our Credit Heroes inside our Credit Repair Cloud Facebook community so that you can see firsthand what real people are doing as they run and grow their businesses. And today's spotlight is on Erika Walker. A few days ago, Erica left a short message in our community, and it blew me away. It just said Hello, everyone. I am new here. I signed up for CRC about three months ago. I now have 190 clients and comments. Mic drop. Wow. Talk about an introduction. Erica, you are amazing. 109 Have you clients in three months, that is incredible. Erica, keep up the hard work. And I can't wait to see how much you achieve. 

And I'll end by saying if you don't already have a Credit Repair Cloud account, check it out. It's software that most credit repair businesses in America run on. Just sign up for a 30-day free trial at creditrepaircloud.com/freetrial. 

And if you'd like to change lives and grow your very own credit repair business, check out our Credit Hero Challenge. It's a live experience that has helped tonnes of Credit Heroes to get certified and dispute. And they gain confidence as they run their credit repair business on a solid foundation. So they can change a whole lot of lives and make a great living in the process. We're starting the next challenge very soon. So you want to join before the door is closed. Are you going to have a long wait until the next one? So sign up right now at creditherochallenge.com. 

nd if you're finding value in the things that I share on this podcast, click below to subscribe and follow and do me a favor, give me a five-star review, or share the show and help me to change more lives. If you'd like to read the show notes, they're posted on my blog. And if you have a question or a comment, drop it down below because I read each and every one of them. I would love to hear from you. And I'll respond as soon as I can. And if you want more tricks to boosting credit scores, check out my Episode How to delete negative items instantly. So take care of credit, hero, and keep changing lives. And I'll end by saying if you want more tricks to boosting credit scores. Check out my Episode on How to Delete Negative Items Instantly. And if you'd like to get certified in disputing and gain confidence, and grow your very own credit repair business, check out our credit hero challenge. Doors are closing soon. So sign up right now at creditherochallenge.com 

Hey everybody, it's Daniel again. And really quick, I'd like to invite you to join what I believe is the best thing we have ever created inside the Credit Repair Cloud community. And it is a challenge that we call the credit hero challenge. If you're just planning out your business, or you're just getting it started, and you dream of having a successful business of your own. So you can quit your nine-to-five and fire your boss and have financial freedom, or so you can add another revenue stream to your existing business. If that's your dream, you need to get into this challenge. We created this challenge to help you to create and launch your very own credit repair business to build a proper foundation for a really successful business. This challenge is going to help you to understand the strategy, the tactics, and all the things you need to be successful at credit repair. It really is the greatest thing we have ever built, and it will change your life. So I recommend you do it right now. Stop everything, pause this audio go online, and go to creditherochallenge.com That's credit hero challenge.com and join the next challenge. And there's a challenge that starts in just a few days. So go get started right now at creditherochallenge.com