Unfortunately, I was referred by May and I find it very hard to believe that I am her first referral to complain. Although Michael Lynch, through email seemed to be a nice guy, I did not pay 600 dollars for someone to be nice to me...I paid to have repair done to my credit which was NEVER done. For all those who are new to the game...yes, it will appear in the beginning that your credit score is improving, however that is only because Trinity has items put into a "dispute status" with the 3 credit bureaus. Eventually these will come out of the distpute status and your credit score will then drop back down...sometimes even lower than where it was. The red flag for me should have been when Trinity offered me a credit card with a $5000.00 line of credit. The catch...the card cost $250 and is only good on-line at a site they have set up. May, please stop referring your potential clients to this company...they are a scam! For anyone even considering this company please remember the old saying..."If something seems to be too good to be true it usually is." Please think twice before using this company. Also, please know that I can not a deadbeat wishing to complain for no good reason. My credit was repaired with the help of another mortgage company (outside of May's) and it cost me nothing!
The only problems is, those programs don't work, and to add insult to injury, you'll find yourself paying hefty fees to those companies, only to end up right where you started, or worse. Sometimes, what is couched as a credit repair program may actually be an attempt to steal your identity by gaining information about your social security number, bank accounts, and credit cards.
Here's how the credit repair scam generally works:
First, the company will contact the various credit bureaus and tell them that the negative information contained in your files is false. Since they want to accurately reflect your credit information, the credit bureaus will temporarily remove the negative information while they investigate the claims. Meanwhile, the scammer sends you a copy of your credit file, showing that the negative information has been removed, claiming that your credit history has now been repaired.
It will seem like a miracle, until you learn that as soon as the credit bureaus have completed their investigation, any accurate negative information will be returned to your credit report, and you'll be back where you started, minus the fees that you paid to the scammer.
The key concept to remember when it comes to your credit report is that accurate entries will stay on that report for seven years from the time they're reported to the credit agencies. Bankruptcies stay on a report for fourteen years.
These types of operations usually buy up the names of financially troubled folks from two-bit mortgage brokers or financing companies (or offer them kickbacks). A lot of them seem to be hitting the fundamentalist crowd these days.