Credit Dispute Reporting is Often Ignored. Few Things Today Can be More Difficult Than Trying to Navigate Through the Maze of Credit Agency Rules to Clear Your Name.

When it comes to credit dispute reporting, the main players in the business of credit snitching all too often ignore the requests of individuals upon whom they spy.

It is quite common, unfortunately, for credit reporting agencies to get the facts wrong.

The credit reporting agencies are some of the most powerful, profit-driven companies in the corporate world in the sense that they hold the future of individual consumers in their hands.

The main players; Equifax, Experian and TransUnion. Collectively, they hold information on approximately 200 million consumers.

When there are that many lives in the balance with monthly reporting on spending and repayments, mistakes are certain to be made.

When it comes to credit dispute reporting, however, these companies leave it to the individual to prove a mistake has been made.

There is no accountability within the company. When a dispute occurs, the first and often most difficult step from the perspective of the consumer is realizing the mistake has been made.

Credit reports are obscure documents that most people have never before laid eyes upon, and often the first time they have the need to see it is when they need it the most.

They might be purchasing a new car or seeking their first mortgage. Sadly, they may even be looking for a job which has nothing to with their credit history in the first place.

Credit dispute reporting will be effective long after the job has been offered.

When they find they have been denied the mortgage or car loan or refused the job, they must then go to battle with the credit reporting agency, which at best is a maze of bureaucracy designed to frustrate the person disputing the report to the point where they may simply give up the fight.

Furthermore, the red tape involved to redress an error makes it nearly impossible to navigate for anyone who might have the slightest literacy issue.

A person practically needs legal and business training to see the light of a resolution.

Driving Fear into the Minds of Consumers

The spinoff from the world of credit reporting, which has only recently sprung up with the increasing pace of technology, is a plethora of businesses claiming to help consumers with credit dispute reporting.

These companies are often a necessary tool for helping a person gather hope for the future after a reporting agency has placed a blight on the person’s financial record.

The truth is, however, that a reporting agency will not take extenuating circumstances into account when addressing a dispute.

People fall on hard times, especially as we face an economic downturn of mammoth proportions.

Layoffs are a fact of life in this day and age, and circumstance may mean a payment or two gets missed.

There is no way the credit reporting companies will take this into consideration and therefore, in many cases, the companies that claim to be able to help a person achieve a higher credit score are preying upon vulnerable people who are desperate.

The Free Reign of the Reporting Agencies

As is the case with all corporations that hold sway over the lives of individuals, credit reporting agencies see the members of the public simply as numbers and dollar signs.

These corporations have no responsibility except unto their stakeholders and the almighty bottom line.

When it comes to credit dispute reporting, the person on the other end of the line cares not for the circumstances that may have led to the desperate cries of a person begging for assistance.

The free reign of a credit reporting agency is due to policies created by the banking mafia.

The banking mafia is a group of the world’s wealthiest individuals descended from British and European royal bloodlines that offers credit to approximately 97% of the world’s money supply.

Currently, most nations accrue the debt of the credit lent by this elitist group of families.

They charge exorbitant interest numerically impossible to repay and thereby maintain our enslavement to a false value system.

Also, the banking mafia owns governments and politicians, the media and most major businesses.

By proving a person is unworthy of credit through a computer-generated probability factor, the credit reporting agencies are simply justifying their existence.

People must be educated about their rights when it comes to these barons and resist at all times, though the dispute process may be arduous. We must not allow the banking mafia to supersede our rights.