Released on: October 7, 2008, 1:22 am

Press Release Author: Stan Pacovsky

Industry: Software

Press Release Summary:
Hurley, whose company, CreditRepairMagic.com, offers a solution for people with
credit problems, says that regardless of the situation in which consumers might find
themselves, there is light at the end of the tunnel.

Press Release Body: - For Immediate Release -

Date: October 5, 2008
Contact: Stan Pacovsky
E-mail: stan@CreditRepairMagic.com
Phone: (954) 254-0517
Website: www.CreditRepairMagic.com

Consumer bailout more important than economic bailout

Bankruptcies, foreclosures, repossessions, and credit card defaults are at an
all-time high. Millions of Americans have sacrificed their credit in the face of
hard economic times. But despite some press accounts to the contrary, good credit
can be maintained and even restored, regardless of the circumstances.

"Everyone knows how to maintain good credit," says Bruce Hurley, a 20-year veteran
of the credit industry, "Just pay your bills on time and don't get in over your
head. The problem is that circumstances often make those goals impossible."

Those "circumstances" include loss of job, medical problems, divorce, or reduction
in income. These financial predicaments are becoming more common than ever and can
lead to late payments, loan defaults, and even foreclosure or bankruptcy.

Hurley, whose company, CreditRepairMagic.com, offers a solution for people with
credit problems, says that regardless of the situation in which consumers might find
themselves, there is light at the end of the tunnel.

"I have never seen a credit file that couldn't be improved, and I've seen everything
you could imagine," says Hurley. "I once had a couple with 12 accounts in
collection, a repossessed car, a foreclosure, and a bankruptcy. Within three months
of applying the latest credit restoration strategies, they had new credit cards;
within five months they financed a new car; and within a year, they were able to buy
a new home at a competitive rate."

"Restoring credit is not just good for the consumer; it's good for the economy,"
says Hurley. "When a credit casualty gets back into the system, they tend to be far
more responsible and reliable. They don't want to get into the same situation
again."

As we contemplate a bailout of the U.S. economy by taxpayers, the needs of average
citizens can be overlooked. But Hurley says that solving their personal financial
crisis is a far simpler process.

"Credit restoration is like a bailout for consumers. It's a shot in the arm and a
second chance for those who are victims of the troubled economy."

Hurley says that bailing out consumers could be even more important than bailing out
the economy. "Without help, millions of consumers will soon be out of the credit
system, unable to buy homes or cars, and left without the buying power that fuels
economic recovery. In the long term, it makes more sense to help consumers than it
does the Wall Street fat cats who contributed to the crisis in the first place."

The Federal Trade Commission warns consumers to be wary of credit repair clinics
that charge large amounts of money and claim to fix your credit for you. The FTC, on
their website, says "Everything a credit repair clinic can do for you legally, you
can do for yourself."

Hurley agrees. "Credit repair clinics and other services, including law firms,
either charge a huge upfront fee, which is actually illegal to do, or they charge
monthly for their services. Think about that for a minute. The longer they take, the
more money they make. At $79 a month, it can easily add up to thousands of dollars
over the one to three years it takes them to complete the process."

Hurley's company, CreditRepairMagic.com, provides inexpensive software that makes it
simple for consumers to restore their own credit. Restoring credit is legal and
ethical as long as consumers follow the Fair Credit Reporting Act.

"The most effective strategy is a 'self-directed' approach rather than
"do-it-yourself,'" says Hurley. "The average person has no idea how to take
advantage of all the benefits of the Fair Credit Reporting Act. Our credit repair
software takes them step by step through credit restoration and makes the process
organized, simple and fast--often less than 60 days.

This "self directed" method, which costs less than a hundred dollars, actually
requires less work than using a law firm because there's no middleman. So for those
who are more interested in a personal financial bailout than a national one, it's
comforting to know that there are options.

To find out more about restoring your credit, go to Hurley's website at
www.CreditRepairMagic.com.

- End –



Web Site: http://www.CreditRepairMagic.com

Contact Details:

187 SW Monterey Road
Stuart, FL 34994
United States

Company name :Credit Repair Magic

Category:society
Date: October 5, 2008
Contact: Stan Pacovsky
E-mail: stan@CreditRepairMagic.com
Phone: (954) 254-0517
Website: www.CreditRepairMagic.com