What we do?
CommonWealth is a full service, legal credit consulting and credit restoration company, registered with the Secretary of State.
We specialize in helping people eliminate their inaccurate and/or negative credit listings; thus changing their lives and giving them back the credit worthiness you deserve!

NEW CLIENTS:
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15th of January, 2008

CommonWealth announces its expansion into Debt Settlement with the addition of DebtXscape.com (coming soon)

Soon clients will not only have credit restoration services, but also debt settlement. CommonWealth will help you by settling your debts for thousands less!

CommonWealth Credit is expanding its services to offer a full and complete credit package. As a client, you will no longer have to use two different firms to settle your debts and then have your credit repaired. This can save you time and money!
To find out more about this exciting option, please talk to one of our experienced credit experts today!

19th of June, 2007
FTC Testifies on Credit Reports

Lydia Parnes, Director of the FTC’s Bureau of Consumer Protection, described the FTC’s progress toward these goals, including enforcing the Fair and Accurate Credit Transactions Act of 2003 (FACTA) and the Fair Credit Reporting Act.

The testimony noted several significant FTC enforcement actions, including cases in which the three principal nationwide CRA's (Equifax, Experian and TransUnion) agreed to pay a total of $2.5 million in civil penalties for allegedly failing to maintain adequate personnel to respond to consumers registering disputes, and a case against Far West Credit, a Utah-based CRA that agreed to pay $120,000 in civil penalties for allegedly failing to use reasonable procedures to ensure accuracy of information in consumer reports.

14th of March, 2006
NEW CREDIT SCORING SYSTEM ANNOUNCED!

Experian, TransUnion and Equifax unveiled a new scoring system called "VantageScore". All three credit bureaus worked in collaboration to create this new scoring model. The reason behind this joint venture is the severe variances in consumers credit scores. This new scoring system is said to try and eliminate the huge gap in a consumers score from one bureau to another as they are all using the same scoring model now. Consumers will always have 3 separate scores but the goal is to make them more inline with each other than some consumers having as much as a 100 point variance between the different bureaus now. The bigger concern that they all seem to continually neglect to address is the HUGE number of inaccuracies that plague consumers credit reports today.

You can learn more about the new system at VantageScore.com and how we will ALL be affected in the near future.

25th of October, 2006
United States Public Interest Research Group reported that over 70-80% of Americans have inaccurate and/or negative items reported on their credit reports. This costs consumers millions of extra dollars in increased interest rates each year. Compared to this, the cost of hiring a credit repair specialist will seem like nothing.

Chances are it's probably you!

Let one of our knowledgeable credit counselors help you get started!

Call now and change your life forever!

The Benefits of using a Credit Repair Company

Very often, in trying to repair your own credit without seeking help from a credit repair company, the damage that can be caused to your credit worthiness can be so severe that even the finest credit company can then do nothing. Thus, before you undertake credit repair on your own, it is wise to consult a credit repair service company. We will tell you why.

People tend to think that repairing their credit without going through a credit repair company is quite easy, but that is far from the truth. With all the work that credit reporting bureaus are already under, they do not enjoy being harassed for credit repair. So if the bureau gets an inclination that someone is trying to repair their credit, that person can have a very tough time indeed.

Usually, people who do not consult with a credit repair company, typically use standard credit repair forms that are available online, or in various credit repair books. Using these forms is a big mistake as credit bureaus generally blacklist the accounts of people who use them. But if you choose to use a credit repair company that does not utilize such means, then you can avoid being spotted by the credit bureaus, which will go a long way towards restoring your good credit.

Another advantage of using such a company is that they are thoroughly professional and are experts at dealing with credit bureaus. They will never inadvertently give out any negative information about your credit standing as they know exactly what will be viewed in a negative light and what will be seen as a positive item. As lay people generally do not have the expert understanding of a credit repair agency, they often disclose negative information, which makes their credit even worse.

Thus, taking help from a credit repair company can really be worth your while, as your action plan may have serious flaws, which can lead to an unfavorable impact on your credit.

By utilizing the rights provided by the Fair Credit Reporting Act and Fair Debt Collection Practices Act, we’ve removed thousands of inaccurate negative items from consumers credit reports. Millions of American’s are under the impression that the Credit Bureaus are part of our government. When in fact, they ARE NOT. The Credit Bureaus are privately owned companies that make billions by collecting information about you and selling it to others.They will not police your credit reports for you, you must do it yourself!

Fortunately, CommonWealth can help re-establish your creditworthiness! And now we can help settle your debts for thousands less too!

Don't let your past credit issues affect you any longer, sign up TODAY!