Posts Tagged ‘credit repair service’

Stay Away From These Two Most Common Credit Repair Service Scams

First thing first, not all companies that offer are scams. Many reputed companies do offer legitimate solutions that really work. It is just that you must know how to differentiate the genuine ones from unscrupulous ones. Look at what they are offering. If something sounds too good to be true, the chances are that it really is. Following are the two most common scams that you need to beware of.

We Know Some Inside-Secret And Can Force The Credit Bureaus To Get The Negative Citations Deleted From Your Credit Report

There is nothing like an inside secret. There are only two things – awareness and ignorance. If a credit repair service provider claims to have an in with the credit bureaus and that they can get everything fixed instantly, they are telling a lie. Once you get into their trap, they will take your money and run away. Those who don’t run away will only deluge the credit agencies with disputes. Some specific debts may disappear temporarily from your report during the short period of time while the investigation is on. The company will then collect their fee from you, showing a clean report while you will earn frustration when you find the same debts showing up again on your report after the investigating authorities rule out your claims.

We Can Replace Your Old File With A New, Clean Credit Report

There is no way to do such thing legally. If someone does it, he/she is committing a felony (a serious criminal offence). Some firms try to build a new for their clients by asking them to apply for a new Employer Identification Number (EIN) or taxpayer identification number. You are recommended not to be indulged in any such act; you are very much likely to put yourself in serious trouble if you do so. The main reason why many people fall in this trap is their lack of awareness. Another reason is that the con artists never explain the whole scheme, which is actually based on faulty reasoning.

It is also important to note that as per the Credit Repair Organizations Act, it is illegal for companies that offer credit repair service to ask their clients for upfront payments before they do what they promise. Beware of those who are bypassing this federal law. Choose a company that does not ask you to make upfront payments.


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Bankruptcy

Basic Things You Must Know About Bankruptcy Dismissal

When you file a petition for bankruptcy and the court rejects your petition on certain grounds, it is legally termed as bankruptcy dismissal. Dismissal means your case is officially closed and that the court will make no further rulings on your case. Some of the most common reasons why a petition is...

Bankruptcy
Credit Repair

Building Credit With No Credit

When it comes to building credit with no credit, there are several online canadian pharmacy factors that you need to take into account. Just because you do not have any credit history at present, it does not mean you will never have one. No one is born with a readymade credit history. You have to gi...

Credit Repair

A Loan To Defeat All Loans Debt Relief Loan
Payday loans fax-free payday loans and instant online payday loans are everywhere be it on the Internet newspapers or television. Today when the economy is in turmoil these loans look like the saving gra... Read more

Tips On How To Consolidate Payday Loan Debt
You may need to consolidate payday loan debt when you are caught in the middle of a financial crisis arising out of your inability to repay multiple loans. Debt consolidation loan allows you to consolidate all... Read more

Do Not Put Up With Debt Collectors Harassment
There was an emergency and the need arose to take a payday loan. It seemed to be the fastest and the best option available then. However now the debt collectors harassment is horrendous. The fact that using t... Read more

Consolidate Payday Advances To Save Yourself
Payday advances are loans taken against a persons paycheck. They have a way of digging into your paycheck month after month. They usually have exorbitant interest rates though the sites offering the services... Read more

Can I Consolidate Payday Loans
Can I consolidate payday loans is a question you are sure to ask yourself when faced with a trying financial situation. When payment of loans becomes difficult it is possible to consolidate and replace many... Read more

What are the pros and cons of debt consolidation?