So let's beat this horse one more time. After I wrote yesterday’s post about relying on disputes alone for credit repair – I thought I’d leave that topic alone for awhile.

Stupid me! I sparked a bunch of questions which well, is a good thing. One of the questions, actually a comment came from our debt settlement department who are all ex-debt collectors. Yes they read our blog religiously.

Anyway Stacey, our settlement supervisor reminded me that her old employer would almost always sue as soon as they were sent a dispute letter. That is something I should have mentioned yesterday, so I will now.

Let’s go over the phrase again.

Sorry it’s been a few days since our last post – it’s been pretty busy at camp MCG lately.

We received an email Monday that we really need to discuss again. I say again, because we’ve talked about it over and over. That being said, we really have noticed a change over the last year in your perception of credit repair. It’s a good change – you’re becoming much smarter about your credit, and you’re asking more educated questions.

Anyway, on to our email.

Everyone’s tightening their belts. They know that the only way to get out of their credit hole is by paying off their debt, which means cutting corners, not going out to dinner and shows as often, buying fewer clothes, and getting the generic brand.

Sorry, what was that last one?

By the time most of us figure out that our credit score takes a huge hit when we don’t have any available credit, we’ve already maxed out those two cards we got way back in college. To get available credit, we have to either pay off the debt, which can take a long time, or open up a new line of credit so that we have unused credit available.

The bad part is that with the lousy credit score you now have, no one’s willing to extend a new credit line to you. They think you’ll just max out that one too. They don’t realize that you’ve learned your lesson, and you’re trying to take steps to make it better.

One of the reasons thousands of people don’t get the help they need to repair their bad credit is that they don’t think they can afford it. It’s the ultimate Catch-22: without money, you can’t repair your credit. But with bad credit, you’re sinking deeper and deeper into debt.

Someone’s got to break the vicious cycle. We decided it should be us. So here’s what we’re going to do.