The economy is on a rollercoaster ride, and the credit bureaus and the FTC want you to believe the you
can fix your credit yourself or not at all. Just reading that information causes people who are in
financial difficulties to avoid the issue even more.
That’s not what the Financial Freedom Network (FFN) has to say about it. The Financial Freedom
Network program can restore good credit and help you achieve financial freedom in a relatively short
amount of time compared the the years a person has suffered with these kinds of issues.
The idea that you can have restored credit, available credit, lending approval and financial freedom -
maybe for the first time in your life, would be like starting your life over again. So what’s this all about ?
The Financial Freedom Network says there is a dirty secret behind the credit bureau industry.
They say no matter what kind of financial problem you suffer from, whether it is bad credit, no credit,
no income, bank problems, bankruptcies, foreclosures, public records, collections, late payments, is
that these problems can be completely or partially reversed.
There is something to the idea that the credit bureaus are out to create more credit report problems for
consumers. Any collection agency knows first hand how much money is made off of people who have
financial problems. As of December 31, 2014, total consumer indebtedness was $11.52 trillion, up by
2.1%. Aggregate consumer debt increased in the fourth quarter by $241 billion. Collection companies
know they can collect on the same debts (illegally, but it is a common practice that the Government does
not enforce) up to 7 times or more. This means the bureaus and the collection companies stand to profit
over 1.89 trillon dollars. FFN says the three credit bureaus are privatized companies making money in
more ways than just bad credit problems.
The financial freedom network (FFN) explains how they make such a big profit. Take for example the
hipaa privacy act of 1996 which protects your identity. FFN says a consumer “Jane Doe” who was
unable to pay a hospital bill, whether the Obama Care act refused to pay, or insurance failed to pay, or
they just could not afford it, eventually is sold to a collection company for pennies on the dollar. First of
all it is illegal for the hospital to give out any personal information to anyone that you were cared for.
Secondly the hospital has insurance for unpaid accounts, so the account was paid and then some times
written off on taxes as bad debt, even though they got paid. This means Jane Doe’s bill was paid in full.
The hospital profits some more when they sell part of the debt to a collection company. The collection
company pays maybe $1,000 for a $10,000 of a $100,000 debt. The collection company calls and send
letters to Jane Doe requesting they she owes them $100,000 but will make a deal for half. After Jane is
harassed at home and work and threatened she tells ABC collection company, she can’t afford that
much, so ABC collection company says ok the lowest they can go is $25,000 (remember they paid $1000
for only $10,000 of the debt, but they want to make as much as they can). Jane agrees to payment plans
and pays them off in a couple years. The promise made to remove it was not kept, they only changed the
status from “unpaid” to “paid”. Still ruining her credit. Then when 3 years expire, ABC collection tells
their buddy partner XYZ Collections there is more debt to be collected. XYZ collections call the hospital,
agree to purchase another $10,000 of the $100,000 and now Jane has a new collections for the same
account. She swears it was paid, but has no proof, and XYZ will say she only paid part of it, not all of it.
Ever see a collection reappear on your credit report after it was paid, and now a new collection agency is
collecting on the same debt you thought you paid? That’s how it happens.
FFN says there are hundreds of laws that protect the consumer for these types of issues. Not only that
people suffering from bad credit can get approved and can get these credit report problems fixed. FFN
will help you get a credit card, better credit score, credit approval, loan approval. They will teach you
how to pay down your debt fast, establish good credit, create passive income, secure retirement and
obtain financial independence.
FFN says this help is extremely importantly why you need to have an excellent credit score and why you
need to be financially secure. Check out this FREE VIDEO to see what it’s all about. http://goo.gl/T0kfVe