Representatives earn credit report reviewer certification

More than 25 Pioneer Services Representatives recently completed an educational study program on the new Fair and Accurate Credit Transactions Act of 2003 (FACTA). After an examination, they were certified as Credit Report Reviewers by the award winning, nonprofit Institute of Consumer Financial Education (ICFE) based in San Diego, Calif.

FACTA was enacted to provide many new protections and rights for consumers, including free credit reports annually for all consumers and protections against identity theft. Many financial services professionals, including debt and credit counselors, are enrolling in the program to get up to speed with the new law.

"We want to make sure that each and every service member knows how this new law affects them," says Tom Holcom, president of Pioneer Financial Services, Inc. "By having certified Credit Report Reviewers in each of our offices, we are able to provide the men and women who serve our country with another valuable, free service that further improves their quality of life."

The growth of consumer credit has been explosive over the past ten years and relatively few Americans bother to look at their credit profiles. But identity theft is now the nation's fastest growing crime. Most consumers aren't even aware they are victims until they look at their credit report and see a new credit account they did not originate.

"We have been offering free credit analysis for a number of years," says Holcom, "but this new law gives consumers new protections against identity theft and inaccurate information on their credit report. We wanted to make sure that every military service member who walks through our doors could take advantage of the law. It has always been our goal to help our clients become more financially stable and this is yet another tool that will help us reach that goal."