Private Label Credit Software
Post date: Jun 3, 2010 5:02:54 PM
Credit Detailer has broke new ground in the credit repair industry!
For the first time ever, a software company has seen past it's own needs and is helping professionals, and companies to be able to deliver much needed credit help to consumers.Credit Detailer, LLC of North Hampton, New Hampshire, founded in 2005 by mortgage originator Brad Durbin, has been making simple and easy to use credit repair software for loan officers, as well as other financial professionals that assist consumers with obtaining credit, loans, or large ticket items such as a mortgage or vehicle.
Since credit has become ever more important to consumers to get things such as insurance, employment, or an apartment, and now cell phones, even entry into the military, it has become critical that all consumers age 18 and older learn about credit reporting.
Historically, credit repair and credit repair firms have received much negativity and criticism from consumers; the intended audience that needs the assistance most. The resistance and consumer disbelief makes offering credit services and education packages to consumers more difficult.
Credit Detailer has provided financial professionals with tools to educate, facilitate, and follow through in credit assistance for consumers, but realizing that even professionals are facing challenging problems reaching consumers, they decided to break the traditional software mold.
In Q2 2010, Credit Detailer is launching a new product enhancement that allows financial professionals to private label the easy to use software as their company's own. And while the enhancement only helps professionals to have more pride in their quest to reach out and help consumers right the wrongs of error ridden credit reports, Credit Detailer has taken it one step further. The enhancement will give professionals and firms the ability to deliver a home-based version of the software, still under the company's private label, so that consumers can take a more active role in their credit education as well as the steps involved with having items corrected with the credit bureaus.
The intent of this program is to allow professionals to reach a broader audience and alleviate consumers hesitation of repairing their own credit due to feelings of uncertainty or skepticism of handing over their personal information. Now professionals and firms can have a platform to teach consumers in seminars, workshops, web based learning, and more. Combining individualized software with professional human training is a hybrid of the best of both worlds where professionals can still promote healthy credit habits and education and consumers can learn by doing while keeping their sensitive information as private and secure as they choose.
If you are a professional or company that assists consumers with financial transactions, you can benefit from having your own private labeled credit repair software in both a professional and personal edition to distribute as a product, with or without mentoring and coaching services.
The Fair Credit Reporting Act allows consumers to take the steps necessary to correct errors appearing on their credit report. Now using a simple system to learn what to do, to be able to take the necessary steps, and have a detailed follow-up and tracking system, consumers will be able to make use of the rights provided to them by the Federal Trade Commission. Companies will now benefit by having an option to offer clients who would otherwise not qualify with potential credit reporting errors and also having clients who are better educated to the importance of having an accurate credit report.
Credit repair is not illegal, but misrepresenting actual facts to modify or alter your report to the credit bureaus is.
The FCRA does allow consumers to have any item investigated for accuracy, for any reason, and at any time. The problem is that consumers need to take the first step and review their credit report at least annually, and the National Consumer Law Center encourages it. Consumers who see items on their credit report that are unfamiliar to them, or believed to be reported inaccurately, have the right to have the items verified for accuracy and receive a report of the investigation process as well as any original documentation that supports the claims made by the creditor. Items that are not verifiable or unable to provide original documentation typically must be removed from the report. Items such as collections typically fail to have their proper documentation to support the collection reported and unless documentation can be provided, the reported item is removed from the report.