Chuck Marquardt

The original May 1, 2009 deadline has been extended to August 1, 2009. As outlined below, you must be Red Flags Compliant or face heavy penalties.

"New ‘Red Flag' Requirements for Financial Institutions and Creditors Will Help Fight Identity Theft
Identity thieves use people's personally identifying information to open new accounts and misuse existing accounts, creating havoc for consumers and businesses. Financial institutions and creditors are required to implement a program to detect, prevent, and mitigate instances of identity theft."

"The Federal Trade Commission (FTC), the federal bank regulatory agencies, and the National Credit Union Administration (NCUA) have issued regulations (the Red Flags Rules) requiring financial institutions and creditors to develop and implement written identity theft prevention programs, as part of the Fair and Accurate Credit Transactions (FACT) Act of 2003. The programs must be in place by May 1 2009, and must provide for the identification, detection, and response to patterns, practices, or specific activities - known as "red flags" - that could indicate identity theft."

"Who must comply with the Red Flags Rules?
The Red Flags Rules apply to "financial institutions" and "creditors" with "covered accounts."

"Under the Rules, a financial institution is defined as a state or national bank, a state or federal savings and loan association, a mutual savings bank, a state or federal credit union, or any other entity that holds a "transaction account" belonging to a consumer. Most of these institutions are regulated by the Federal bank regulatory agencies and the NCUA. Financial institutions under the FTC's jurisdiction include state-chartered credit unions and certain other entities that hold consumer transaction accounts."

Please refer to www.msicorp.redflagscompliant.com to find out how easy it is to become compliant.

With all the uncertainties in the world right now everyone needs to know how critical it is to keep a decent credit score. There are certainly many reasons why we need a good credit score, but in this day and age it has evolved into a critical "character" device for the hiring authorities of any company. They want to know one thing, are you "RESPONSIBLE". So, the responsible thing to do right now is start to clean your credit and get it up to 2009 standards. Not only for a possible interview, but more importantly, those of you who haven't taken advantage of the housing market must get prepared quickly. That means a squeaky clean credit report for the best rates money can buy. Did you know that there are over 70% of Americans who have bad credit. Is it any wonder why the banks are going under. Get in that 30% of credit worthy individuals and get anything you want at the cheapest rates.

My recommendation in helping individuals' with their credit is FixCreditBiz. I've been in the Mortgage business for 8 years and I don't know how many folks I had to turn down with bad credit. I soon realized that I was losing way too many clients and had to find a service that would take care of my clients by guaranteeing credit repair. Here is what you can expect from FixCreditBiz.

What we do is leverage loop holes in the fair credit reporting act and the fair debt collecting act to PERMANENTLY remove items on your behalf.The FixCreditBiz Process is a very simple process. You have positive credit that pulls the credit higher and you have negative credit that pulls your credit lower. As we permanently remove the negative credit your credit score automatically increases.

We are full service company meaning that we do all the work. The only thing that you have to do is to fax or mail the credit reports that you will be receiving from the three credit bureaus and we do everything else. We provide you a toll free number for customer service and online results tracking allowing you to monitor your credit repair securely across the internet 24/7.

Here are just some of derogatories that we can get taken off your credit report:

• Tax Liens

• Judgments

• Student Loans

• Bankruptcy

• Slow Pays

• Child Support

• Repo

• Foreclosure

• Collections

Four reasons that make this company stand out among the rest.

1. CREDIBILITY. They are one of the only online credit repair companies who are Red Flag Compliant. An article from my collegue http://ezinearticles.com/?We-Need-to-Know-About-Red-Flag-Compliance&id=1482333
2. They GUARANTEE the service works within 12 months or your money back. Company is over 7 years old and hasn't had to honor that guarantee. They do what they say they are going to do.
3. CLIENT TRACKING CAPABILITIES FOR MORTGAGE REPS, CAR DEALERS or anyone else who uses credit for a sale. There is a score limit set that the sales rep. attaches to the account and once that score has been hit then it will alert both the client and rep.
4. The LOWEST PRICED credit repair service on the net.

To see how you or a friend can benefit from getting your credit on track please visit:

www.msicorp.fixcreditbiz.com