Credit Repair Attorney

The relationships between universities, especially public universities, and credit card companies can be extremely troubling for many reasons.  Apparently, the University of Iowa Board of Regents agrees with this notion, as they sent an inquiry to the school demanding an explanation of the relationship between the university and Bank of America.  According to the Press-Citizen, the university has responded.  “UI released its response today. The school’s response shows that the credit card program, known as the “af-finity card” program, has brought more than $2 million to the UI Alumni Association over the past few years.

“The affinity card program in that year provided UIAA $656,000 (and just under $1 million in the prior fiscal year) to support its activities. In fy2007, the UIAA’s Income Statement reflects credit card royalties and marketing revenue in the amount of $1,039,259.79,” according to UI’s report.”

This issue is growing, and one should not expect it to go away soon.  If you are in need of credit repair, contact the credit repair attorneys at Smith & Garg today to schedule an initial consultation.