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Author: PsycDoc One star, 50 posts Motley Fool One Everlasting Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308722  
Subject: Re: I REPAIRED MY CREDIT Date: 6/4/2002 6:51 PM
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Windowseat wrote:
>>> Well, you're a liar and a cheat and a thief, and you boast
>>> about it. So stop being surprised that we think you'll do
>>> anything for money, and then laugh about how someone
>>> else got suckered.

Debating the ethics of so-called credit "repair" (it's hardly "repair" to have late-pay history removed from a credit report) is something I'm willing to do I guess.

1) Nancy, I understand the "liar" part since I did misrepresent the accuracy of several late-pay tradelines. However the "thief" part puzzles me since I ultimately paid my debts 100% (please read my first post in this thread). I did not even negotiate reduced payments; rather, I paid, then I used several maneuvers to have the previous late-pay history removed (viz., the "goodwill" letter, the "nutcase" letter, a few regular CRA tradeline disputes, and finally three small claims lawsuits leveled against the CRAs for failing to verify disputes during the reasonable period mandated by the FCRA).

2) When you said that I would do "anything for money," that puzzles me as well since all three lawsuits were dropped in exchange for tradeline deletions rather than a monetary settlement (re: the summary links I referenced in this thread's first posting). Moreover, "anything for money" may suggest that I didn't pay my debts, which I certainly did.

3) Finally, Nancy, you mentioned that I "laugh about how someone else got suckered." Are you confusing me with someone else? I haven't laughed at anyone here, nor have I criticized anyone else's approach. If you are concerned that I have callously laughed at someone else's debt load, then you can simply reread my postings here and put that notion to bed. Also, "laugh about how someone else got suckered" assumes that I do not advocate paying outstanding debt which is entirely false.

On the Creditnet board I am seen as a bit of a middle-roader -- I believe we should pay our debts and have personally done so. On the other hand, I do not believe that credit reporting agencies play fair with the information they collect and sell about us, and I have no qualms (as I demonstrated) with being dishonest with them in order to produce a more favorable credit file.

My personal beliefs about the importance of repaying personal debt aside, I have seen people lose their homes, their marriages, and even custody of their children as a result of poor financial decisions that snowballed into disasters. For that reason, I believe that each person certainly does need to assess whether or not they can indeed repay their debts; as a result, I have recommended FDCPA validation sequences and even bankruptcy to others in certain cases.

Nancy, please let me know how the words "thief," "anything for money," and "laugh about how someone else got suckered" apply to what I have posted yesterday and today.

Doc
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