Re: Ethics and Credit Cards
04-30-2012 02:50 PM
Can we have an adult conversation regarding Ethics and credit cards?
What do you consider to be fair vs unfair? What practices do you deem acceptable? Recently had a small back and fourth with a member who had excellent points:
"So none here should do a PFD either. I mean you were late right? The were reporting such right? Then its unethical to have them change your report. How about Goodwill letters? Those too are unethical. Lenders should never agree to ANY Goodwill because again you screwed up right? VERY UNETHICAL. How about paying your cards down to raise your score even if you plan to recharge them later or worse yet, transferring the debt to your wife's credit card. Horrible!! This whole site is EXTREMELY UNETHICAL teaching people how to repair their credit..."
There is nothing unethical about it. Our credit reports are just snapshots of a database. What goes in the database is between you and your creditors. If you can negotiate with them changes based on actions that are beneficial to you and them then more power to you and them. Remember the credit agencies don't have the power. They just store information...a middle man if you will.
So are you ok with the way some people game in every way? Are all things fair?!? Can I dispute till my hearts content? Should I lie to an attorney to get a baddie off a CR? I'm not agreeing or disagreeing just asking the questions Are you ok with the unfair advantages some AU's get? How about cosigners? What about the person who can get a certain baddie off their report but you cannot get your inaccurate late pulled off because it's verifiable!!!
If its not against the law and someone chooses to take a certain approach then who am I to say what they should or shouldn't do? I know what approach I've taken and I've used my own judgement of ethical in my approach. If you read the forums long enough you'll see someone who has achieved some kind of credit repair that you haven't and you can't say its unfair.
We talk about credit as if there really is some method to the madness. The truth is that is so varied from person to person that any approach to credit repair will be individualized to the point where what might seem "ethical" to someone might seem "unethical" to someone else.
Lying to a court or misreporting something on a CR is fraud. Check your local listing for sentencing guidelines
I would not encourage anyone to ever lie to anyone else about anything!