Forced Rule Changes for the Major Three

New Rules, Can They Get It Right

I was an Entrepreneur Masquerading as an Employee #58

The three biggest companies that collect and disseminate credit information on more than 200 million Americans have a agreed to a settlement, which will change the way they handle errors and give more protection to consumers with unpaid medical bills as part of the broadest industry overhaul in more than a decade.

Data collected by the agencies Equifax, Experian and TransUnion on more than 200 million Americans are used to create credit profiles. The three big credit reporting agencies are making changes that could help steer some consumers clear of the credit dog house.

The settlement comes after more than a year of talks between the companies and the New York State Attorney General Eric Schneiderman. AG Eric Schneiderman began investigating their practices in 2012 after receiving complaints about errors on state residents’ credit report and the onerous process to fix them.

This pact is a good sign that the reporting agencies are finally willing to step up their game and respond to the needs of hardworking consumers and their families.

A report from the CFPB (Consumer Financial Protection Bureau) in 2012 found that the bureau resolved an average of 15% of consumers disputes internally. The reminding 85% were referred to the lending or creditors.

One of the most significant improvements in the settlement is to medical bill reporting. According to the settlement the credit reporting firms will have to wait 180 days before adding any medical-debt information to consumers ‘credit profiles. During the waiting period, consumers will have time to clear up discrepancies and catch up with other unpaid bills.

Some 43 million Americans have a past –due medical debt on their credit profile, according to the CFPB. About 52% of all debt is from medical expenses.

Here are a few more ways; consumers will be affected, by the settlement. Read the entire article!

  • A more consumer-friendly dispute process.
  • More access to credit reports.

Consumers have long been able to check their credit reports for free from each of the three firms once every 12 months at

Don’t get caught up in the $1 dollar trick. Get your report for $1 dollar, with the hope you forget to cancel, at which time you will be charged upwards of $49 after 5 to 14 days.

Don’t get caught up in the get your credit score for free as promises. This score is generated by one location, which credit karma pays for and if your credit profile is incorrect, how can your score be correct.

Another thing which strikes me as odd, Credit Karma, Bank of America, Discovery, Capital One, Chase, Well Fargo and a host of other bad player in the credit and lending industry are the very ones who created this mess. Now they want to help the consumers fix the problem.

Thanks, but no thanks! I got this!

When I was growing up, it was about your credit profile, not your score. How did this change? It changed because it was a trick to get consumers to take their eyes off what was more important, how their data was compiled, manipulated and compromised leaving financially vulnerable consumers open to more predatory lending mechanisms and in a debt trap.

Have you ever looked at the heading or tabs of some of these bad players websites in the credit and lending game? You will find they are more focused on keeping you in the debt trap a term used by the Predatory Lending Association which trains business to deceive  our most financially vulnerable consumers.

The Predatory Lending Association (PLA) is dedicated to extracting maximum profit from the working poor by increasing payday loan fees and debt traps. The working poor are an exciting, fast growing demographic that includes: military personnel, minorities, and most of the middle class.

Another bad player in this credit and lending process is car dealers, which in my opinion have caused more harm to consumers with their excessive inquiring process. The last two times in which my credit was ran, I found I have a total of 16 inquiries from two dealerships months later, when I was declined for a business loan due to excessive inquires.

I’m calling on all AG’s in all states to please look into the inquiring process of dealerships, who are getting away with murder and causing financial ruin. Preventing consumers from access to credit and lending, causing our most vulnerable consumers to be subject to higher interest rates, default, repossession, job loss, marital stressors, financial stressors and a host of economic and emotional stressors.

This must stop!

If you’re looking for solutions, you need look no further!

Now that we are all settled in! The FEEL Center Project LLC & Financial Fitness Gym has a place to call our own at 6150 Canoga Avenue Woodland Hills, California, 91367.

The FEEL Center Project LLC & Financial Fitness Gym is a financial education and financial literacy resource facility establish in January 2014. We lend a well needed hand to the working poor and middle class if all ethnic groups, to gain access and leverage to vital financial resources, through financial education and financial literacy.

The word FEEL in The FEEL Center Project LLC & Financial Fitness Gym is an acronym.

F- Financial: You must have a great relationship with your finances.

E- Education: This is the foundation to which opportunities can grow.

E- Employment: Where you gain experience and knowledge to be a leader. It shouldn’t be a chore!

L- Legal: There will come a time in everyone's life where you will need proper legal representation.

Our Mission to correct the wrongdoings of the credit and lending, financial products, junk debt buyers, debt collection industry, debt consultation collection lawyers, car dealers, credit card companies, insurance companies the major three (Experian, Trans-Union and Equifax) which have preyed on our most vulnerable financially, the working poor and middle class of all ethnic groups with their gestapo tactics and predatory practices.

Our Goal to keep cost affordable and information accessible using the latest technology to educate and solve financial concerns. Providing long term solution for our clients, while breaking the cycle of income inequality through financial education and financial literacy!

Our Focus to facilitate all of our financial education and financial literacy workshops 100% online, by mid-year 2016.

As we continue this well needed monumental undertaking of breaking the cycle of income dependency through financial education and financial literacy, we are looking to add two more DIY cost saving processes to the platform by end of the year 2016. Auto repair and employee law are the next two undertaking coming to the platform.

Our Service $99 dollars regular, $75 dollars students, $55 seniors and veterans! For two, 2 hour one on one or group workshop of no more than 10 individuals per group! Keeping the cost low speaks for itself; however the small group workshops eliminate the overwhelming fear of the client, did I miss something.

The FEEL Center Project LLC & Financial Fitness Gym credit counseling and financial education services is like no other. We provide financial education resources and financial wellness, which will foster a great partnership financially and create a platform for the financially vulnerable to benefit greatly from financial product and credit and lending in this country.

Short term solutions don’t work; they only make matters worse, leaving consumers with little to no options, but to reach out to predatory institutions like predatory lenders, payday loans, auto title loans, payday advances, junk debt buyers, debt collection agencies, debt consolidation companies and the major three reporting agencies (Equifax, TransUnion and Experian) which have and are making billions preying on the hard working citizens of the country.

Financial education and financial literacy is not a want, it’s a necessity, and a most going forward.

Neither financial education nor financial literacy has ever been at the forefront of academics in this country. It is and has caused harm to our national security, our services men and women, the working poor and middle class, our infrastructure, jobs and higher education.

Someone you know or someone they know is experiencing some form of financial discomfort and are seeking long term solutions. 60% of the population or 190 million citizens in this country, in some form or another are feeling financial discomfort.

Don’t you think it’s time someone gave real financial solutions, instead of founding solutions to financial freedom and security?

I’m living my dream; sharing my passion for financial education and financial wellness with restoring faith and trust to those who need guidance related to personal and business financial matters. The FEEL Center Project LLC & Financial Fitness Gym is here to aid citizens in combating the complexities of the monetary and financial structure.

I got tired of hearing the system is broken, so I decided to do something about it.

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