©theFARZANreport - A 3rd Party Credibility Reporting Agency.
PROBLEMS WITH THE CURRENT CREDIT SYSTEM Q & A
 
 
 
 
QUESTION:
Who reports your payments history to the credit reporting agency?
 
ANSWER:
The very banks and credit card companies who we do business with, the very ones we spend our money with and support. Yes the same ones we hope will repair our credit.
 
QUESTION:
WHY DOES CREDIT CARD COMPANIES CHARGE $18 to $39 OVERAGE FEES, AND LATE FEES?
THEY ALSO CHANGE INTEREST AND PENALTIES? BANKS DO THE SAME AS WELL. IMAGINE THE LATE AND OVERDRAFT FEES ON $850 BILLION DOLLARS IN CREDIT CARD DEBT.
 
ANSWER:
This is how these big companies make their millions in profits. Last year, fee income accounted for 28% of profits, compared with 24% in 1999. The same reason they only bill you for 2% of your balance. This is done so you keep paying. The credit card industry is the most profitable in the United States with yearly earnings in the 30 billion dollar range. Believe me they are in no rush to help consumers.
 
QUESTION:
Well, if that is so, and these companies make huge profits from consumers, why then does these companies report consumers the very ones (consumers) who supports them to the credit reporting agency?
 
ANSWER:
Because the system sets you up for failure. If you continue to pay late or pay a partial payments then you will continue to have bad credit .     WHY?     So you have to keep coming back.
i.e. using the same cards, using the same banks. paying the higher interest rate  e.t.c
 
QUESTION:
HOW CAN I GET OUT OF THE EXISTING CREDIT REPORTING SYSTEM AND CHANGE MY CREDIT RATING?
 
ANSWER:
It is almost impossible to get out of this type of business model, WHY? because if you have bad credit it will remain on your credit report, therefore you will NOT be able to get a prime loan, to buy a new car, a house, start a business, get a bond e.t.c from fortune 500 companies utilizing primes loans.  
Because only companies who report over 175 to 200 customers are allowed to report back to the big 3 reporting agencies.
 
QUESTION:
Well. How or Why is that a problem? And how can I fix this problem to repair my credit?
Like I said earlier, if only companies with over 200 customers can report to the credit agencies then you are left to do business with the smaller companies, because the larger companies will not extend any future to you. REMEMBER YOU HAVE BAD CREDIT.
 
ANSWER:
www.theFARZANreport.com  allows everyone/every business to post consumers credit creditability reports. This report will or can be posted, updated and edited daily. So your credit remains fresh.
 
QUESTION:
With the existing credit reporting system can I rebut? And how long does it take?
 
ANSWER:
With the existing credit reporting system you can order a copy of rebut, but the credit reporting will make changes not you and it will sometimes takes 3 to 5 months.
 
QUESTION:
HOW IS THAT DIFFERENT FROM  www.theFARZANreport.com ?
 
ANSWER:
WOW! A whole lot. Please allow me to explain. With The Farzan Report you can go on line an Rebut yourself. Every editing / entry you enter will be uploaded into the national / international registry immediately.
 
QUESTION
 I MOVED FROM ONE COUNTRY TO ANOTHER AND MY CREDIT DID NOT TRANSFER. HOW CAN THIS
 NEVER HAPPEN AGAIN, I DO NOT WANT ANYONE TO GO THRU WHAT I HAD ?
 
ANSWER:
The Farzan Report is a Web-Based Global registry, therefore your credit/credibility information is available 24/7 on demand by any organization and/or business around the world.
 
QUESTION:
identify THEFT IS ON THE RISE. A PERSON LOSES THEIR IDENTITY EVERY 3 SECONDS,
 HOW CAN I ASSURE MYSELF THAT ME IDENTITY IS SECURE.
 
ANSWER:
There are many scampers out there as they are companies who claim they can protect a person identity. Although there are good Legitimate companies who can do this. I suggest that you do your due diligence to locate a professional company and secure your information.
However, the FARZAN report vendors are advised to take an identity photo and post photo onto the Internet, our software side by side to purchases. This is guaranteed to decrease theft.
When or if someone tries to use your identity and/or personal information your pics will automatically  appear informing business owner/employees of who is actually sitting in front of them.
 
QUESTION:
How long does it take to repair or rebuild your credit with the big 3 VS. theFARZANreport?
 
ANSWER:
With the big 3 it usually takes about 7 years, bankruptcies after 10 years. Tax liens and judgments about 15 years.
HOWEVER: With theFARZANreport it will take 1 year of good reporting. Vendors want to now see that there is now credibility and good intentions.
 
QUESTION:
Will I be able to go a obtain a loan from a big bank to buy a home after 1 year.
 
ANSWER:
Only if they bank that you are applying for your loan is aware of www.thefarzanreport.com web site.
At the farzan report we offer banks and other large companies to opportunity to see how well you have progress. They will now be able to see how you have paid smaller companies like dealers who finance their own cars, landlords and other companies who have extended you credit when they did not. Insist on all businesses you do business with start reporting on your payment and credibility.
 
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