RVD26

I pretty much have the information I need. Thanks to everyone who actually provided helpful information. Everyone else can continue to flap their gums on here and do as they wish.

I am a newly licensed attorney of less than a year. Right now, I have a general practice law firm. Thanks for the tip. I will read into the two acts you posted. Any specific reasons why? You own a law firm, yet you come to an online forum to ask questions about how to legally structure the business you want to start and what forms you would need clients to sign? What was that line in A Few Good Men, something like "Please excuse my friend, she was absent the day they taught law at law school"? As other have noted, the risk you would take having access to every clients personal credit information is a minefield you likely should avoid or is a risk you would have to pay dearly to protect. Most importantly, anyone seeking credit repair help can come here and get the advice of the best credit experts in the world absolutely free. Plus, even though they tend to do more harm than good, Lex Law already is a huge player in the business. Not saying others could not compete, but it would not be easy to get clients as any Google search will lead right to Lex Law. I never asked any questions about how to structure my business, please re-read my original post. This is not an area taught in law school, if you must know. This is an area I am considering adding to other services I already provide. I am already aware of having sensitive information from clients and the need to keep it confidential and private. I deal with that on a daily basis. Yes, I know people can come on here and read on how to fix their credit, but a lot of people choose not to due to whatever reason. I have referenced this site in the past to those seeking my help. And I know they can go to other places. Some have mentioned hiring other companies in the past. I have already told them that I cannot make any guarantees on improving their scores, but that I am willing to help. I did read the original post. I was being a little sarcastic about the law school thing, but the point I was trying to make was that there are specific laws like FACTA and CRO that would tell you all you need to know about what you are trying to do. That you did not know where to look (or are not familiar with these laws) would make me strongly question how much of an 'expert' you are. Yes, I am sure as an attorney you handle sensitive information. You would be amazed how many people on here have had cards cloned, identities stolen, fraudulent accounts set up, the list goes on and on. In almost every case, the victims have NO idea how it happened. But if it happens to any of your clients after they allow you to access all their information, they are going to blame you first. I am not sure how much money there is to be made, but it would have to be pretty lucrative to make the headache worthwhile. As with any business, friends and family are a good start. They are often your first customers. But there are a lot of people in the repair business, and as I noted, Lex Law advertises nationally. I bake cupcakes for my kids' birthday parties every year, but I am not opening a shop to go head to head with the guy from Cake Boss. I wish you luck if you decide to proceed. No hard feelings intended by the way. You came here to ask for information and insight, and people have offered both. Once again, re-read my original post. Nowhere did I claim or state to be an 'expert'. I obviously am not an expert if I am on here asking questions, but I think I do know a little more about credit repair than the average Joe. Right now I am starting with just family and friends. Eventually, I would branch out a bit. Contrary to what you might think, attorneys don't walk around with knowledge of every single law in their head. There is a thing called research, which I consider coming on here and asking questions to be research. And I am not concerned about competing with larger companies. There is always room for smaller companies to compete in the marketplace. So keep baking those cupcakes. Thanks for this information. You're entitled to your opinion. Thank you and have a great day.

Thanks for the tip. I will read into the two acts you posted. Any specific reasons why? You own a law firm, yet you come to an online forum to ask questions about how to legally structure the business you want to start and what forms you would need clients to sign? What was that line in A Few Good Men, something like "Please excuse my friend, she was absent the day they taught law at law school"? As other have noted, the risk you would take having access to every clients personal credit information is a minefield you likely should avoid or is a risk you would have to pay dearly to protect. Most importantly, anyone seeking credit repair help can come here and get the advice of the best credit experts in the world absolutely free. Plus, even though they tend to do more harm than good, Lex Law already is a huge player in the business. Not saying others could not compete, but it would not be easy to get clients as any Google search will lead right to Lex Law. I never asked any questions about how to structure my business, please re-read my original post. This is not an area taught in law school, if you must know. This is an area I am considering adding to other services I already provide. I am already aware of having sensitive information from clients and the need to keep it confidential and private. I deal with that on a daily basis. Yes, I know people can come on here and read on how to fix their credit, but a lot of people choose not to due to whatever reason. I have referenced this site in the past to those seeking my help. And I know they can go to other places. Some have mentioned hiring other companies in the past. I have already told them that I cannot make any guarantees on improving their scores, but that I am willing to help.

No need for the useless smarta$$ answer, please go troll somewhere else.

I successfully repaired my and my wife's credit years ago when we were purchasing a home. I have had many friends and family members asking if I can do the same for them and even offering to pay. Now I am considering starting a credit repair and counseling service in addition to the law firm I already own. My question, is what forms would I need clients to fill out and sign in order for me to pull their credit reports and dispute the reports? I am guessing a financial power of attorney form maybe, but I am not sure. Just wondering if anyone with experience in this area already could lead me in the right direction.

I have no idea what kind of loan it is, that's why I'm asking...lol. Scroll down to "What is a USDA loan". http://www.usdaloansoftexas.com/ I think this must be it. Makes sense because he did say it was some kind of government loan and the area the home is in is kind of out of the way. Thanks. Any major drawbacks to a USDA loan?

I have no idea what kind of loan it is, that's why I'm asking...lol.

He claims it was not an FHA loan, but he could have been mistaken. I thought all FHA loans required at least 3.5% down?

My BIL recently signed a contract on a new home here in the Houston, TX area. He says that he used some governement program where he only had to pay $500 down and no closing costs. I'm a little skeptical of the whole thing and have never heard of such a program. It sounds too good to be true. This is his first ever home so he's definitely a newbie to the whole home buying process. I just want to make sure he's not getting into some kind of trap. He's not in the military or anything like that. Have any of y'all heard of a program like this?

She will be calling today.

She did not sign anything. Is there any way for them to prove she gave verbal authorization? According to her, the only thing she told them is "she may have more money to give them on a certain date", but she never told them to just take the money. I'm sure they record the conversations that take place. They had threatened in previous letters to garnish her disability income, but she never signed anything.

I gave my MIL the phone number for the state attorney general. She will be calling them today. Do you think she should also get an attorney on this as well? She wants to get her money back, but she this has been very stressful on her because she has a fixed income and does not have much money. She only had $50 left after they took the money. My wife and I had to give her some money for the time being. She's not looking to get rich on this or anything, but I would think compensation for all of this would be appropriate. The staff attorney with the attorney general's office will make recommendations on how to obtain a lawyer. In some states the state has an attorney for elderly citizens, so have her ask if that exists in Texas. There are two issues going on here, criminal and civil. The state attorney will answer questions at both levels and render appropriate recommendations concerning the civil aspects they cannot engage. My MIL is still in her 50's so she's not exactly elderly. I meant to say in the OP, that she is on disability rather than on SSI. I do appreciate all your help though. We just can't believe these people would stoop so low, but then again I sort of can believe it.

I gave my MIL the phone number for the state attorney general. She will be calling them today. Do you think she should also get an attorney on this as well? She wants to get her money back, but she this has been very stressful on her because she has a fixed income and does not have much money. She only had $50 left after they took the money. My wife and I had to give her some money for the time being. She's not looking to get rich on this or anything, but I would think compensation for all of this would be appropriate.

Thanks for the contact info. What realistically can be done if she contacts them? Is this really better than going to a local attorney? Should she do both? She is of course, looking to get her money back.

We are in Houston, TX. Can you tell me what needs to be done? PM me if needed.