FTC Operation Clean Sweep not a problem for CreditCRM members.

Here is a great example of why we promote Edward Jamison's CreditCRM. The FTC's Operation Clean Sweep is all over the papers and on many websites including CNBC.

The FTC is going after at least 36 credit repair companies in what it calls "Operation Clean Sweep". Why are they doing this? It looks as though they are going after the companies that claim to be able to remove "black marks on your credit whether they are accurate or not". They say they will scrub your credit report and remove items that are negative even when they are accurate. They make false promises and now they are going to pay for it.

We all know that consumers will pay a credit repair company to improve their credit even though many of the items that hurt them are 100% accurate. And there are plenty of companies out there that will dispute everything in sight down to the page number on the credit report. When I was originating I used to get email ads from credit repair companies claiming to be able to get you what you needed, a quick sizable improvement in your client's fico score that would enable you to get them a better rate or in some cases make the difference between qualifying for a loan or not qualifying.

As John Ulzheimer alluded to in a CNBC interview, some of these companies are nothing more than glorified letter writing companies. They send out waves of dispute letters hoping something sticks to the wall and that they can get it removed from the credit report. I've seen credit repair companies claim to get bankruptcy and foreclosure items removed from your credit. I'm really amazed that the FTC is only talking about 36 companies right now.

Which leads me back to CreditCRM. I watched a video clip that Edward Jamison just sent out to his CreditCRM members. It shows them a fine example of why they have a system in place with training and ongoing coaching that helps to ensure they do things the right way and stay above board in everything they do. You won't find a CreditCRM member making claims about doing something that is illegal like scrubbing accurate information off of your credit report. These people get training from an expert and ongoing coaching. Last time I looked you had at least 20 hours of training that comes with your CreditCRM business. Most people I know in lending can speak for maybe up to 30 minutes and tell you everything they know about credit. Can you imagine how much you would learn from 20 hours of instruction from Edward  Jamison. And then you have monthly coaching calls and additional pieces like the video that was just sent out. That's why CreditCrm members are such valuable referral partners. They'll give you and their clients valuable and accurate advice. Knowledge is power, and knowledge is money in the bank. And the wrong advice can ruin you almost overnight.

Edward has just shown his CreditCRM members how to use the FTC Operation Clean Sweep article to set themselves apart from the rest of the crowd and use it to their advantage. They can talk to someone about the difference between what they do and what many others in the industry practice and claim.

If you want to start your own credit repair business, whether it is to have a stand alone business or to help you gain more clients and revenue for your mortgage business, you need to stick with the professionals that will steer you you clear of the mistakes or bad training that will get you into trouble. Go with an expert that has years of experience (not to mention a law degree, which we won't hold against him).

Today more than ever you need to make the right business decisions or your company can end up as a statistic.

Call CreditCRM if you want to become an expert in Credit or if you need a referral partner you can trust. If you want more information on the system read this link on CreditCRM and then contact Andrea at 310 268-0580 ext. 210 or andrea@jamisonlawgroup.com and tell her you heard about their system here at Mortgage Planner Tools.com