Avoid Credit Scams
Avoid Credit Scams
This Article is to warning to people that are looking to repair and/or improve their credit. Unfortunetly The are thousands of Credit Scams that are taking advantage of people, in these difficult financial times. I have listed a few scams to avoid when looking to fix your Credit.
1. Companies that promise to guarantee you a loan for an up front fee. Thousands of customers have reported paying these fees and never receiving the loans that their were guaranteed.
2. Companies that charge you a up front fee for helping you to get a secured or unsecured credit card. There are many Banks that offer these types of credit cards for people that have less than perfact Credit. There is ussually no upfront fee when dealing with these Banks.
3. Credit Card Insurance. While federal law limits consumers credit card fraud liability to $50, credit card insurance companies are claiming that card holders face financial risk if their credit cards are misused and or stolen. Millions of consumers buy unnecessary insurance against the unauthorized use of their credit cards.
4. credit repair Services. Some say that their can create a new Credit file for you or establish a new credit record for you. Or take things off you Credit report for a fee. Their can't and this is totally illegal. Their are some good non profit services out there that can help you free of charge.
5.Home mortgage Modification. This is a one that you really need to be awhere of. Since 2009 and the bubble burst of the real estate market. So many people are losing their homes to foreclosure. Now the new hot business is all these home modification businesses. Most of this services are a scam. If you are in danger of Foreclosure the first place to start is with your Lendor. In these difficult times most lendoers are willing to work with people to help them avoid losing their homes
6.Identity theft. This crime occurs when thieves steal credit card numbers, social security numbers, or other personally-identifying information without one's knowledge, to get the good credit histories of consumers. They then set up new credit accounts, charge purchases to existing accounts, or drain bank accounts. Consumers usually don't know that their credit identities have been stolen until they get bills for credit card accounts that they never opened, or discover that their bank accounts have been fraudulently accessed.
I have listed several things that i think people should be aware of when trying to repair or improve the Credit standing. They are several legalways to improve your Credit. Do you homework and avoid Credit Scams at all cost
This Article is to warning to people that are looking to repair and/or improve their credit. Unfortunetly The are thousands of Credit Scams that are taking advantage of people, in these difficult financial times. I have listed a few scams to avoid when looking to fix your Credit.
1. Companies that promise to guarantee you a loan for an up front fee. Thousands of customers have reported paying these fees and never receiving the loans that their were guaranteed.
2. Companies that charge you a up front fee for helping you to get a secured or unsecured credit card. There are many Banks that offer these types of credit cards for people that have less than perfact Credit. There is ussually no upfront fee when dealing with these Banks.
3. Credit Card Insurance. While federal law limits consumers credit card fraud liability to $50, credit card insurance companies are claiming that card holders face financial risk if their credit cards are misused and or stolen. Millions of consumers buy unnecessary insurance against the unauthorized use of their credit cards.
4. credit repair Services. Some say that their can create a new Credit file for you or establish a new credit record for you. Or take things off you Credit report for a fee. Their can't and this is totally illegal. Their are some good non profit services out there that can help you free of charge.
5.Home mortgage Modification. This is a one that you really need to be awhere of. Since 2009 and the bubble burst of the real estate market. So many people are losing their homes to foreclosure. Now the new hot business is all these home modification businesses. Most of this services are a scam. If you are in danger of Foreclosure the first place to start is with your Lendor. In these difficult times most lendoers are willing to work with people to help them avoid losing their homes
6.Identity theft. This crime occurs when thieves steal credit card numbers, social security numbers, or other personally-identifying information without one's knowledge, to get the good credit histories of consumers. They then set up new credit accounts, charge purchases to existing accounts, or drain bank accounts. Consumers usually don't know that their credit identities have been stolen until they get bills for credit card accounts that they never opened, or discover that their bank accounts have been fraudulently accessed.
I have listed several things that i think people should be aware of when trying to repair or improve the Credit standing. They are several legalways to improve your Credit. Do you homework and avoid Credit Scams at all cost
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