PsychDoc's Credit Insider Guide to
Section #1: Good Intentions
CREDIT SCORING is a terrible practice.
First, credit scores are not the objective beacons they pretend to be, and consumers pay mightily as a result. To help fully understand why, Lexington should bring in an applied social scientist. Oops, right here! I'll say more about the statistical fallacies surrounding credit scoring shortly.
Second, some lawyers contend that the practice of providing credit scores to potential creditors, insurers, and employers may well violate the Fair Credit Reporting Act (FCRA), an interesting civic issue with profound implications for the entire industry.
Third, certain government-overseen housing programs like FreddieMac rely upon the predominant credit scoring system whose underlying mathematics are still kept secret by a single for-profit corporate monopoly. Such secrecy (untested and unaccountable secrecy at that) is quite the conundrum in a country where citizens demand to know how tax dollars are spent.
Finally, and perhaps most outrageously, consumers are offered precious little information which might help them to optimize their credit scores. Sure, there are plenty of web sites which detail the basic outlines of what comprises a score, and we'll review all of that here too. Unfortunately, though, such dazzlingly hypnotic and overly general information doesn't really help real-life consumers with street questions like, "What will help my credit score most today: Paying off a charged-off account from five years ago, or closing two or three of my fifteen credit card accounts? Paying off a student loan, or paying off a credit card? Paying down one account entirely, or paying down all my accounts a little bit?" (Toward that end, the score coaching service I recommend, PerfectYourScore.com, constitutes a rare lighthouse of individualized guidance.)
So as a result of the rampant unfairness, institutional secrecy, rotten science, and a virtual dearth of truly helpful information, Americans are roundly and routinely victimized.
Good intentions. Nobody ever sat down and decided to make things worse for consumers. In fact, the intention was quite the opposite. Credit scoring was an attempt to remove issues like RACE, GENDER, SOCIO-ECONOMIC CLASS, and INCOME from an overall assessment of every consumer's credit report.
Back in the Good Old Days before 1970, a credit report would very often include such things as whether you were black or white, whether you embraced a particular religion or were atheist, rich or middle-class, whether somebody thought you were an alcoholic, courtroom quotes from ex-spouses, and whatever else they could find. Likewise, bankers once withheld credit to those whose appearance just didn't fit their idea of what defined a good human being. You could even be denied because the loan officer simply thought you looked strange. Sadly, sometimes the actual reasons were based upon racial preconceptions or similar prejudices.
Strange as all of that may sound today, the FCRA still draws a distinction between "investigative consumer reports" (like subjective statements by ex-spouses regarding moral character), an activity which was practically legislated away, and the kinds of consumer disclosures we now accept as the norm. The basic idea, then, for credit scores was a good one. It was an attempt to inject science into the process.
YOUR CREDIT LIFE FOREVER.
We have taken our years of experience and will show you how to IMPROVE YOUR CREDIT 100% GUARANTEED.
Many companies who help restore your credit charge you HUNDREDS OF DOLLARS. We offer a quick solution at an affordable price.
Buy a NEW CAR Buy a NEW HOUSE Go on VACATION Get MARRIED in STYLE
Start your OWN BUSINESS ENJOY LIFE FINANCIALLY WORRY FREE
So how do you know if you need our help? You need our help if you have had trouble with any of the following:
IF YOU COULD JUST START ALL OVER?
Knowing if you had a second chance, you would not make the same mistakes again. Wouldn't it be nice to live in a new 3 or 4 bedroom house, for less than what you are paying in rent? The only thing that separates a person that makes $200,000 a year; compared to a person that makes $30,000 a year, is information and knowledge.
REPAIR YOUR CREDIT NOW!
Benefits of Our System
Low Cost -
A DARING AND UNIQUE OFFER!
Our intention is to provide you with the knowledge you need to permanently improve your credit file. The regular price is $189.00. It's worth many times this price if it does what we say. the problem is that many sincere people have had a hard time believing they can repair their credit permanently. We know we are telling the truth, but you don't know that yet.
We understand some credit
consultants didn't even come close to what they promised. That's why we
are going to make you a special offer. Order Credit Repair Secrets
first, before paying for it. We are so confident in our Credit Repair
knowledge that we know you will send the money after you have seen it.
However, we must ask for a small deposit. there are too many insincere people who would order our Credit Repair Secrets because it's free and then probably never even apply the secrets to repair their bad credit. We want to do everything we can to help sincere people improve their bad credit, but we don't want to lose money because of the others.
To get you started immediately, we must require a low one-time deposit of only $39.00. After you receive our Credit Repair Secrets, and see that you really can repair your bad credit file, only then do you have to pay the remaining balance. You be the judge. Your deposit covers our expense in sharing our credit repair secrets, and you will not be required or asked to pay for any additional information or instructions. Inasmuch as we would like to send you our credit repair secrets without the small charge, we must protect ourselves from those who are not serious and have no other intention other than to satisfy their own curiosity. Naturally, no business can afford to send out costly information and material to everyone who writes in asking for it. This small charge assures us that you are serious about wanting to repair your bad credit once and forever.
Even after you have examined our Credit Repair Secrets, and if you still have doubts, in repairing your bad credit, simply put off the remaining payment until you are 100% satisfied that your credit has been restored. We shall not send you any reminders for the balance of the payment, or any additional invoices, and we will give you the benefit of the doubt of being a sincere individual who wishes to learn the credit repair secrets, and will make payment of the balance when you are completely satisfied.
The way we see it is that the information and knowledge we have acquired over the years is worth thousands of dollars, far more than the amount we are charging. After all, this knowledge will stay with you for the rest of your life, and not only can you benefit from it yourself, you will be able to assist your family and friends who are in a similar situation. You get our knowledge at a Super Amazing one-time deposit of $39.00.
GET THE GOOD CREDIT
YOU DESERVE! ORDER
Fastest Service Pay With PayPal
Fastest Service Pay With PayPal