Credit Repair Scams (Thanks Daniel)
Credit repair scams
By Daniel Jimenez • Bankrate.com
You need to be aware that the only ones who can permanently remove the debt from your record are the credit bureau or the creditor.
Dear Bankrate,
I have credit card debts around $5,000. My credit is shot. I haven't been able to make any payments in over a year. I want to fix this problem. Can you please share your knowledge on the best way for me to be successful?
-- Cellini
Does this problem sound familiar to you? If it does, your credit rating may be in need of repair. The good news is that you can probably do the work yourself with a little guidance. We'll get back to Cellini's situation a little later, but first let's look at what not to do when trying to fix your credit record.
First -- credit cards. Don't use 'em. Get them out of your life. Do you have bad credit but are still getting credit card offers? Be careful. The National Fraud Information Center listed fraudulent credit card offers as one of the top 10 most frequently reported consumer scams. Fraud artists often get consumers to pay a fee for credit cards that are never received.
Second -- the quick fix. Don't be tempted to run to one of the many companies saying they will erase your bad credit for a price. You need to be aware that the only ones who can permanently remove a debt from your record are the credit bureau or the creditor.
Don't be fooled
Jodie Bernstein, director of the Federal Trade Commission's Bureau of Consumer Protection in Washington, D.C., observes that while "there are legitimate, not-for-profit credit counseling services, the FTC has never seen a legitimate credit repair company." In the past, bogus credit repair companies would use clever schemes to get a debt temporarily dropped from an individual's credit file.
Written By: Daniel ?
_____________________________
http://www.nocreditnolife.com
By Daniel Jimenez • Bankrate.com
You need to be aware that the only ones who can permanently remove the debt from your record are the credit bureau or the creditor.
Dear Bankrate,
I have credit card debts around $5,000. My credit is shot. I haven't been able to make any payments in over a year. I want to fix this problem. Can you please share your knowledge on the best way for me to be successful?
-- Cellini
Does this problem sound familiar to you? If it does, your credit rating may be in need of repair. The good news is that you can probably do the work yourself with a little guidance. We'll get back to Cellini's situation a little later, but first let's look at what not to do when trying to fix your credit record.
First -- credit cards. Don't use 'em. Get them out of your life. Do you have bad credit but are still getting credit card offers? Be careful. The National Fraud Information Center listed fraudulent credit card offers as one of the top 10 most frequently reported consumer scams. Fraud artists often get consumers to pay a fee for credit cards that are never received.
Second -- the quick fix. Don't be tempted to run to one of the many companies saying they will erase your bad credit for a price. You need to be aware that the only ones who can permanently remove a debt from your record are the credit bureau or the creditor.
Don't be fooled
Jodie Bernstein, director of the Federal Trade Commission's Bureau of Consumer Protection in Washington, D.C., observes that while "there are legitimate, not-for-profit credit counseling services, the FTC has never seen a legitimate credit repair company." In the past, bogus credit repair companies would use clever schemes to get a debt temporarily dropped from an individual's credit file.
Written By: Daniel ?
_____________________________
http://www.nocreditnolife.com
posted by The RE Blogger | 6:43 PM
1 Comments:
So do you make it a habit of stealing peoples content, or is it for laughs? I am reporting you.
Post a Comment
<< Home