The Fine Print (and some warnings)
First Stone® Credit Counseling™ is a
consumer advocate credit counseling company; we are not “collectors-in-disguise”
credit counselors like all the others. FSCC™ is US Treasury
approved, as opposed to illegal, uncertified credit repair
clinics who claim to be able to clean your credit by fooling
the credit bureaus. We seek to expose credit scams and educate
the public with the whole truth about the credit system and
how to repair bad credit!
If you do the wrong thing (for example: hire the wrong consumer
credit counseling company or a credit repair clinic) then
your present ‘small’ problems will grow into years
and years of trouble, and even FSCC™ may not be able
to clean it. To understand differences between the organizations
you could go to for help, visit “the
players” page.
Misconception: The Credit Bureaus are government
agencies that exist for the accurate reporting of consumer
credit information.
FACT: Credit Bureaus, accurately Consumer
Reporting Agencies (CRAs) are for-profit companies in the
business of selling credit reports to more than 30,000 ‘subscribers’.
They love Consumer Credit Counseling Services (CCCS), their
"CLONES" and the “Credit Repair Clinics”!
Visit “The Players” or call us at (972) 235-1188
to better understand why.
Misconception: Credit scores aren’t that relevant
to my day-to-day life.
FACT: The credit scores on your credit report
affect increasingly more of your life, including; the interest
rate you'll pay on a home mortgage loan, car loan, credit
card, etc. and the premiums you pay for your homeowners and
auto insurance. Even employment opportunities are now dictated/affected
by your credit scores.
- Did you know that it costs approximately $100 per month
for each point of interest on a 30 year $100,000 mortgage
loan? Using that estimate, for a $100,000 mortgage, you'll
pay an additional $36,000 for each 1%, plus the income taxes
on the money you are paying, or a combined total of approximately
$50,000 or more per each 1% of additional interest rate
caused by a poor FICO credit risk score.
- Bad credit problems are much more than just risk scores.
They are derived from a complex collection of your credit
history. If your credit report contains erroneous and therefore
damaging information, it is nearly impossible to correct
yourself. Although the laws and the credit bureaus encourage
you to try and clean up your credit files yourself, the
system will fight you each and every step of the way.
- Consider this: no one buys a credit report for the good
news. They buy it to find the bad news, and for one reason,
profit. Now you know why CRAs (credit bureaus) are so reluctant
to make corrections. In fact, they have all been fined millions
of dollars for having their phones disconnected. One bureau
was fined $250,000 as recently as July of 2003.
First Stone® Credit Counseling™ has
assembled a team of credit professionals who have 18+ years
of experience of professional credit restoration and consumer
advocacy. Our counselors utilize extensive knowledge of the
very confusing credit industry infrastructure and its rules
to resolve your bad credit issues and help you achieve the
highest credit score possible in a relatively short period
of time. CCCS's and “their clones” say five (5)
years is average. FSCC™ says two (2) years max. Call
us or call the “Consumer
Fight Back Report” radio show
and we'll tell you more.
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