Thinking outside the box
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Posted by Jack
(208.54.144.113) on December 26, 2003 at 12:47:47:
Some will say that this message has nothing to do with credit repair. They are unenlightened drones that I will not respond to. If anyone out there likes this message, please cut & paste it and repost it every week or so so newcomers can view it. If you read the bulk of messages on this board you will notice several things.
1. Most people ask the same common questions.
2. Most of the answers are the same.
3. There are several individuals posting most of the answers. That's probably because they run this site.
4. Very few of the people who are seeking help receive information that will truly help them. They end up coming back to this site again and again as they continue to mire through the established system using methods that were established by the people who created the system.
5. Individuals who try to post alternative methods of credit repair, correction, or elimination are ridiculed by the individuals discussed in #3. If this site is really about credit repair then new methods should be welcome, but they are not.
6. This site is a business and it would not exist if it were not profitable for the individuals who own it. Don't let them mislead you about the advertising that this site displays. Beware of the information you receive on this site! I'll tell you why: 1. The individuals posting most often, besides having a little too much time on their hands to be active credit professionals, are just regurgitating the most common credit self-help books which have been around for years. It's old news. Read a new book! 2. They are promoting themselves as evangelists do. They accept only one view and ridicule any variances. This leads to a limited knowledge base and constricts our methods to organized processes which are easily combatted by the Banks and their lawyers (who invent these processes and lobby our government much more than you and I). Read a book! 3. Just one example of their delusion is that they most commonly will recommend sending a Cease and Desist letter. This letter will:
a. Confirm your current address and any other information you include. It will be entered in the CA and CRA files, and possibly sold to others wishing to contact you.
b. Inform them that you have read some sort of self-help book or sought professional counsel, and that you most likely intend to abscond on the debt.
c. Now that the Creditor or their agent is aware of a. and b., they are much more likely to sue you. After all, they know where you are, that you don't intend to pay the debt, and that you don't want to be bothered by people seeking payment on debt you owe. You are better off just not responding to letters or answering your phone for them. This way they gain no useable information at all. If you remain unreachable they will not know whether continued pursuit will be profitable. Go pay a successful(I said Successful!) defense attorney a couple hundred bucks and ask them yourself if you don't believe me. 4. Another recommendation people here make is that you deny the debt is yours. Doing this is a lie and may be perjury. Anything you put in writing might be brought to court. Also, you could be recorded and this is usable in most states. Ask yourself if you really want to commmit yourself to a statment when you could just keep your mouth shut and leave them in the dark (See #3). Also, read a book! I'm not saying you cannot repair or eliminate your debt. I have had experienced both success and failure doing so in my life. Large corporations do it every day. Savvy individuals (usually with skilled counsel - but not always) also succeed at erasing their debt and increasing their credit scores. It can be done! Just not the way the general population of this board states. Some good advice I can give:
1. Don't believe everything you read on the internet. There are a lot of lonely people who can afford computers. They might have read a pamphlet on credit repair and think they are experts but they are not. They're better off here than surfing kiddie porn or communicating with our children but that doesn't mean I respect them or their views.
2. Don't believe everything you read on the internet. There are a lot of people who just want to make a buck and create websites that offer a little bit of interesting, but mostly unusable information, and use the traffic they generate to display ads for items they make commissions from (like all the ads you run across on this site). There's nothing wrong with this. It's called free trade and marketing but just remember that you get what you pay for.
3. Don't believe everything you read on the internet. There are a lot of people who are here only to mislead you for their own perverse entertainment. Again, better here than preying on out children.
4. Don't trust me! I'm one of these individuals posting on the internet because I'm bored!
People, please look outside the box. There's plenty of good infomration here but it's obscured by the huge amounts of rumour and speculation.
There is no real shortcut to credit repair. Either pay a professional (and still risk that they might rip you off) or educate yourself properly. Go buy a book or two on our Banking system, Consumer law, and lending laws. Read these books and then come back to the message boards. You will be better informed, able to identify the bogus information, and able to extract much more "real" information. If you take the time to learn you will reap the rewards tenfold (I sound like a schoolteacher now but I'm not). If you like what I have written please repost it here every week or so to inform newcomers and also to remind the vain individuals here that some of us have been successful at credit repair despite their "help". Happy Holidays!
(And if anyone asks, tell them you do know "Jack")
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