Credit2NV - Isn't it time to be the ENVY of everyone?

There are laws in place to protect the consumer from inaccurate and unverifiable credit reporting!

Credit2NV.com makes sure that these laws are being followed. Our first step is to audit the creditors using the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. These two laws have been established to protect consumers like you. Creditors and credit bureaus are legally obligated to produce documented evidence within a reasonable amount of time, generally 30 to 45 days, to back the claims they make about you. If our investigtions proves that they cannot validate thier claims, they must promptly remove any undocumented information from your credit report.

A study by the U.S. Public Interest Research Group found that 70% of all credit reports contained errors. These black marks in your credit history can have devastating consequences:

The most valuable thing we have is our good name. As consumers, the most common reflection of our reputation as someone who pays bills on time, is trustworthy and financialy sound is our credit report. Unfotunately, the information contained in our credit reports, which are bought and sold daily to nearly anyone who requests and pays for them, does not always tell the true story.

A credit report is a summary of your financial history. Every time you apply for credit and/or financing (e.g. buying a house, buying a car, opening a credit card, renting an apartment, obtaining a job, or even purchasing insurance) the creditor pulls a copy of your credit report from a credit bureau. Virtually all credit bureaus are directly affiliated with one of the three major credit bureaus, Experian, Equifax, and Trans Union.

Despite the fact that these credit bureaus collect and maintain personal financial data on nearly every American, these bureaus are in no way related with the United States Government. In fact, these bureaus are simply private, for profit companies whose sole motivation is to make a profit by selling your personal financial information in the form of a credit report.

The customers of credit bureaus who buy the credit reports, the same lenders that you rely on to grant you credit, have established relationsips with the bureaus to continue to provide information about your credit with them. The bureaus then take this information about you from all of the lenders and put it in a database that they market and sell to other lenders in the form of a credit report. Thus, if you make a late payment, your lender quickly reports it to at least one of the three major credit bureaus and it almost instantly shows up negatively on your credit report creating a harmful effect to you.

This document was written by attorneys and is an outgrowth of the personal experience of the authors in trying to combat ID Theft in their own lives. Those of us who are victims of ID Theft can relate to the sense of violation, which we all felt when we discovered that persons unknow to us were utilitzing our private information to enrich them, and to do us harm.

In 2002 there were approximately 700,000 instances of ID Theft in the United States. According to FTC Chairman Deborah Platt Majoras, a 2003 FTC survey showed that over a one-year period, nearly ten million people - or 4.6% of the adult population - discovered that they were victims of some form of identity theft.

Due to the sheer volume of occurrences, law enforcement is overwhelmed, making it all the more important that we do what we can to protect ourselves.

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