Charles believes that many people make excuses for bad business decisions, by blaming poor decisions on circumstance, or open market conditions. His perspective and business philosophy regarding the condition of Credit in the United States is that the system is problematic and not fair to millions of Americans. A strong economy is built on credit. When the credit system is fundamentally flawed then it has a direct impact on how the banking system functions and decisions are made based upon flawed data coming from the Big 3 Credit Bureaus.

Numerous studies have been done to indicate the credit bureaus have inaccurate data on millions of Americans. Also with the health care system in such disarray one of the number one problems we see at Drexler Financial Solutions is medical collections. A recent Harvard University study showed that medical expenses account for approximately 62 percent of personal bankruptcies in the US. Interestingly, the study also showed that 72 percent of those who filed for bankruptcy due to medical expenses had some type of health insurance, thus debunking the myth that only the uninsured face financial catastrophes due to medical-related expenses.

Charles believes that medical collections should not be allowed to go on a credit report due to the following reasons. It violates Federal HIPPA privacy laws. Medical collections go on a credit report with the name of the doctor’s office, such as BREAST ASSOCIATES, or UROLOGY CLINIC, or OBGYN, or ONCOLOGY GROUP. This type of information on a credit report is embarrassing to an individual seeking employment, or a loan at a bank. A woman seeking employment should not have to worry about not getting the job due to a medical issue, or past treatment for a serious problem. A man trying to seek employment should not have to be concerned about a visit to a Urologist for a basic check up. A cancer patient should not have to worry about getting hired due to an HR department flagged the file for previous Oncology visits based on information listed in a credit report. Medical collections are usually not accurate, and bills are inflated due to a very unregulated system even for individuals with or without health insurance. Also with the current system in place of Obamacare we have seen a spike in medical collections. Millions of Americans can not obtain a car or a mortgage due to credit score issues based solely on medical collections. If a person has medical debt that is not paid, this is not an indication of their ability to repay a debt or make a mortgage or car payment on time. Consumers should be able to live the American Dream regardless of pre-existing medical conditions or illness.

Charles is a real pioneer in the area of credit management, and has helped thousands of people get their personal and business finances on track. He believes everyone should have the same opportunity to succeed regardless of anything, especially educational background, or what items are listed on a credit report.

If you want to make a change in your business success or personal financial future, Charles has assembled an All-Star Team to help you get there.

Charles is from Far Hills, New Jersey and enjoys thoroughbred horse racing, NHRA drag racing, college football, golf, and tennis.