Recognizing a Credit Repair Scam

by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... and someone else has your money. If you see a credit repair offer, heres how to tell if the company behind it is up to no good: * Before they provide any credit repair services, the company wants [more...]

Date: 2009-01-16 06:24:58

Blog posts (129) | Videos (59)
 

Do you know how to repair credit?

by Lee Beattie Credit repair companies must provide this in a written contract that also spells out just what services are to be performed, ... anything to fix your credit. Credit repair is the action of sending out letters to the credit reporting ... or repair credit from bad to good. Negative credit costs you extra thousands and there appears [more...]

Date: 2008-10-06 09:05:21

Saving on Education Related Expenses

Saving on Education Related Expenses With all the other demands placed on your budget, finding room for one more expense may seem impossible ... your limit- this shows up on your credit report and gives your credit card company an excuse to charge ... , major, GPA, location, etc. Don’t feel limited by your current or past academic scores- you’ [more...]

Date: 2009-01-11 14:47:52

Identify Credit Repair Scam in 6 Ways!!

by David Wada Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a ... and someone else has your money. If you see a credit repair offer, heres how to tell if the company behind it is up to no good: * The company wants you to pay for credit repair services before [more...]

Date: 2009-01-16 06:23:45

Watch Out For Credit Repair Scams

July 30, 2009 | By Rodger Strouden In Finance | by Tawana RashingYou’ve probably heard or seen a ton of credit repair advertisements promising perfect credit reports in months. They typically use language such as ?Credit problems? No problem!? and ?Erase your bad credit, 100% guaranteed.’ Unfortunately, these promises are not only impossible, but usually illegal as well.The bad news is – any company claiming credit repair is that easy is a scam, plain and simple. [more...]

Date: 2009-07-30 09:50:09

How To Deal With Bill Collectors

In today's unstable economy people are consumed with financial matters ... , the credit card company may report you to a collection agency. This debt collection company is hired ... . Initially, you'll receive calls from your credit card company informing you of your late payment [more...]

Date: 2008-12-04 01:40:51

Buy Amway Products, Get Drink, Play Pool. And They Take Away Your Credit Cards.

Wired, reports that a credit card company has come under fire and FTC investigation for “behavioral scoring”: reducing credit limits for people who use a variety of services. These services included, “Direct ... counselors, automobile tire retreading and repair shops, bars and night clubs, pool and billiard [more...]

Date: 2008-06-23 16:12:59

Debt Relief Companies Under Investigation by Florida Attorney General

The Tampa Bay Business Journal reports that Florida Attorney General's Economic Crimes Division has launched an investigation or filed charges against 10 companies offering Floridians credit counseling, credit repair, credit card rate ... about any company that purports to have a "secret process" to reduce debt or cut interest rates.  Credit [more...]

Date: 2008-10-18 14:48:20

Bad Credit Doesn’t Mean No Credit

by Chris A Smith Just because you need help with your credit report does not mean you are automatically excluded from getting a new line of credit. Each lending institution, be it a credit card company or a bank, has it’s on rules regarding the granting of credit and often times these can vary greatly from institution to institution. Usually, the company offering the best rates and terms is more conservative than others and will consider the entire credit history of an applicant. [more...]

Date: 2009-06-08 12:30:05

If It's My Credit Report, Why Can't I Fix It Or Always Have It For Free?

For all the concerns people have about internet search, privacy and "all that info Google knows about us," ... -- it's just some company that chooses to report my credit history without my consent or cooperation. Nevertheless ... , to see the actual number listed, I'd need to request a copy of my credit report, and that would [more...]

Date: 2008-11-20 18:34:10

Get Out of FreeCreditReport.com’s “Triple Advantage”

FreeCreditReport.com is the heavily advertised company that offers “free” credit reports ( ... reminder to check your bank and credit card statements at least once a month so charges like this don ... if you sign up for a trial offer for their monitoring service with a monthly fee. They have huge [more...]

Date: 2008-07-25 18:29:44

Credit Repair Help - Here’s How To Start Right Now!

by Mark Alison People are in debt. Living in this world with bad credit can be difficult. It’s hard to repair your credit and it makes life difficult to have bad credit ... coffees. We need to then know what’s in your credit report. There are three credit card companies [more...]

Date: 2009-01-05 11:03:01

freecreditreport.com scam exposed AGAIN

I've often written about the freecreditreport.com scam. The website is run by the credit bureau Experian. Over at Smartmoney ... being locked into the $14.95/month credit report monitoring service that the company sells is down ... to the government-mandated annualcreditreport.com site where you can get an actual free credit report required [more...]

Date: 2008-12-07 12:49:45

Downsizing? An admin checklist

It’s never pleasant when companies have to downsize due to a tough economy ... forms, if necessary Delete company computer access Remove access to company credit card ... : Final time/expense report Final paycheck COBRA notice (firms with 20+ employees) Certification of group [more...]

Date: 2009-01-16 17:43:53

Why Self Credit Repair Works

by Lee Beattie No one plans to contend with bad credit when they set about on their own but, unfortunately, ... credit repair, is to get a copy of your credit report from the three credit bureaus. To me the chance ... on bills and now your credit is suffering. You can select to go with a credit repair company simply [more...]

Date: 2008-08-21 08:49:03

How Fast Can You Get A Home Loan After Bankruptcy?

One of our readers, Desiree, had this question: Is there any possibility of getting a home loan sooner than 2 years after a bankruptcy discharge? ... . Companies that I had included in my bankruptcy continued to report my accounts as open on my credit ... Negative Information On Your Credit Report - Obviously you don’t want to challenge every single [more...]

Date: 2009-01-06 16:28:19

Economic Crisis – Credit Crisis

I was shocked when I heard the news about the another 84,868 homes lost because of foreclosures just in October last month ... . More and more people are also suffering from bad credit reports. Imagine if you don’t have knowledge in fixing bad credit. Luckily there is a company like RMCN credit services that will help [more...]

Date: 2008-11-14 00:15:44

Fast Credit Repair Tips

Many companies and programs are offering fast credit report tips, however they often come with a hefty price tag ... , you can increase your credit score rather quickly. In some cases the results can be a couple days, but within 30 days significant improvements can be made. Original text: Fast Credit Repair Tips [more...]

Date: 2009-01-15 18:01:59

What is an Accurate Credit Listing?

According to the FTC website “No one can legally remove accurate and timely negative information from a credit report ... . In fact, many critics of credit repair and credit repair law firms such as Lexington Law will try to use ... , and that it is a futile attempt and a waste of money to work with any credit repair company. When you take time [more...]

Date: 2008-10-23 18:45:47

Allow Self Credit Repair To Help You

by Lee Beattie No one plans to contend with bad credit when they start out on their own but, unluckily, ... credit repair, is to get a copy of your credit report from the three credit bureaus. To me the chance ... on bills and now your credit is miserable. You can select to work with a credit repair company only [more...]

Date: 2008-08-21 08:40:18

Allow Self Credit Repair To Help You

by Lee Beattie No one plans to contend with bad credit when they start out on their own but, unluckily, ... credit repair, is to get a copy of your credit report from the three credit bureaus. To me the chance ... on bills and now your credit is miserable. You can select to work with a credit repair company only [more...]

Date: 2008-08-21 08:55:00

Bernanke Casts Doubt on Stimulus, Says Fed May Buy Toxic Assets to Loosen Credit

Warning that the timing of an economic recovery is “highly uncertain,” Federal Reserve Chairman Ben S. Bernanke said yesterday (Tuesday) ... about the continuing chokehold banks have put on credit to companies and households than he is about offering ... of the economy where liquidity has dried up for “credit easing”, reported the Guardian. “Credit sprea [more...]

Date: 2009-01-14 14:57:59

The Importance of Repairing Your Credit Report - Yourself!

It seems to be common knowledge today that we are living in a society overwhelmed with debt ... is “Credit Repair Companies”. There are several different websites, many of them claiming to be law ... used by these credit repair companies are bombarding collection agencies with letters, asking them [more...]

Date: 2009-01-15 01:44:04

FreeCreditReport.com scam

I was looking over my checking account transactions for the past year and saw a mysterious $12 ... credit report program. Under a new Federal law, you have the right to receive a free copy of your credit report once every 12 months from each of the three nationwide consumer reporting companies [more...]

Date: 2009-01-01 02:16:00

Ovation Credit Services

Having a bad credit report has so many disadvantages specially here in the U.S. That is a hard reality I've realized ... help from the experts. Ovation Credit offers one of the best credit repair programs. Attorneys ... a place to live. Why? Because companies, governments, and others always checks your credit history [more...]

Date: 2008-12-04 03:59:39

For General Motors (GM) the News Keeps Getting Worse

The manic-depressive trading activity continues to cause nauseating headaches for the investors brave enough to own shares of the nation’s ... to a report from Credit Suisse that says shareholders may suffer as the company restructures. The analyst that researched the report cut his outlook for the company’s shares to just $1 each, down [more...]

Date: 2008-12-23 13:56:56

Latest News in Credit Repair and Credit Score - Dec 03, 2008

Bad Credit ? Should I Hire a ‘Credit Repair’ Company? - Austin Chronicle 2 Dec 2008 at 2:26am Having bad credit is never really a good thing ... not be in … Economic Survival 101: How do I improve my credit report? - HamptonRoads.com 26 Nov 2008 at 7:36pm FICO is short for the credit score system offered by Fair Isaac Corp., the company [more...]

Date: 2008-12-03 14:12:54

The Credit Repair Organizations Act (CROA)

If you have negative information in your credit file, as reflected by the Big Three reporting companies, Experian, Equifax, and TransUnion, ... or life insurance in excess of $150,000. If you decide to seek professional help, the Credit Repair ... . The most obvious provision is that no credit repair company can make deliberately false or misleading [more...]

Date: 2008-12-27 06:13:19

Is Your Credit Score Costing You Money?

Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home ... you know that your credit history can keep you from getting utility connections, good telephone rates, the best auto ... owners’ insurance, auto, and life insurance companies set minimum credit standards for their policy [more...]

Date: 2008-12-30 04:11:53

FTC Approves Federal Register Notice Announcing Increase in the Ceiling on Allowable Charges Required By Section 612(f) of the Fair Credit Reporting Act

My comment: As we all know it's important to give near bankrupt companies who completely screwed up their business billions of dollars and find ways ... for an additional free disclosure. Under federal law, consumers are entitled to a free copy of their credit report ... an application for credit, insurance, or employment) and consumers request their rep [more...]

Date: 2008-12-15 20:41:14

FTC Crackdown on 36 Credit "Repair" Companies

sweep.jpg Ever wonder if those TV ads claiming to help you repair your credit are legit? ... they are able to scrub your credit reports of accurate, negative information for a fee are lying - plain ... information from consumers' credit reports, even if that information is accurate and timely. The FTC [more...]

Date: 2008-10-28 11:15:52

The Daily Poverty Post.

First of all, isn’t it funny that when conjuring the telephone, we think of the above? ... , this safe site will provide you with one free FICO score and credit report every 12 months — ... out how to call your credit card company to renegotiate your interest rate! Before we begin [more...]

Date: 2008-12-06 17:33:45

Bank of America (BOA), Wells Fargo (WFC) End 2008 with Major Buyout Deals

Two major U.S. banking deals were completed yesterday (Thursday), enabling the suitors to finalize the deals before 2008 came to a close ... buyouts worldwide, and not lending at home, as a Money Morning investigative report demonstrated ... in merger advice in 2008, Thomson Reuters reported. The combined company’s brokerage, credit card [more...]

Date: 2009-01-02 12:36:15

Less Than the Sum of Their Auto Parts

Being in the auto-parts business these days has a bit of a “gerbil on a treadmill” quality to it ... pessimistic about the future of a number of these companies, particularly after Tuesday’s report ... Credit-default swaps of TRW (green) and American Axle (blue) have widened dramatically. (Source [more...]

Date: 2008-06-25 16:00:33

Don’t Be Taken By Debt Consolidation or Credit Counseling Scams

Your credit cards are maxed out.  Your mortgage is spiraling out of control.  You have fallen behind on your car payments ... is that there is no “magical solution” to credit repair.  Even those companies which decide to report negative ... your debt by 50% and they will fix your credit overnight.  You call them, looking [more...]

Date: 2008-12-18 23:25:22

Consolidating Student Loans

With higher education costs on the rise, many people these days have several student loans ... will go up and even get better as you pay off that loan. It will not be an instantaneous fix as credit companies can take up to six months to report a drop of a loan off your report. But if you don’t use your credit [more...]

Date: 2009-01-16 12:54:49

Bankruptcy and Credit Repair: Answering A Few Questions

One of our readers, Jnet, sent us this question: Due to a permanently disabling illness, I lost my job and had to file bankruptcy 2 years ago ... . I had no choice. Here it is, two years later and one of the Company’s hit my credit report with 4 dings, listing 4 charge offs? Can they do this? Will all the rest hit me too? my credit number was low [more...]

Date: 2008-10-21 14:33:56

Your Credit Repair Solution

.fullpost{display:inline;}As a businessman, the credit is a matter that is not a secret anymore ... bureaus or Credit Repair company, I suggest to visit DSI Solutions. They are not only fast to handle ... you have a bad credit history?.Negative credit comes from a bad credit report and the creditors reject [more...]

Date: 2008-10-17 12:51:00

How to Select the Right Company When Looking for a Credit Attorney

September 2, 2009 | By Ben and Casey In Finance | by Ben and CaseyCleaning up past mistakes on a credit report is not a pleasant experience. There are basically two ways of going about the credit repair process.Many people decide first to fix their own credit only to discover the process is much more involved than they expected. Below are several reasons why you may consider choosing a top rate credit attorney at a price almost anyone can afford. [more...]

Date: 2009-09-03 00:43:04

Tiny charges could mean big trouble

Ever charged 19 cents on your credit card? I never have, and I imagine most of you haven't either ... like this, dispute it with your credit card company. Also, report the crime to the Federal Trade ... amounts from your account. Placing a security freeze on your credit files might be a good idea [more...]

Date: 2009-01-12 22:37:24

Bank Woes? Foreclosures? Credit Crunch? A List of Scams From Kiplinger’s

"Think of a headline about the financial crisis, and criminals have found a way to exploit it. Bad credit? Bank problems? Home foreclosures? ... companies are counseling their clients to ruin—falsely claiming they can help repair credit reports ... by creditors.How to Avoid It? Find a legitimate credit-counseling agency at www.nfcc.org or www.aiccca.org. [more...]

Date: 2008-12-14 02:30:00

GWAS Latte Post

Your regular dose of Monday morning snippets to read, click and skip over with brekkie and a cuppa...Crunch month... and we're not talking Kellogg's ... shaping up as a crunch month for many families as Christmas credit card bills fall due, report Jessica Irvine and John Huxley in The Sunday Telegraph. Credit card company slashes limits! In a case [more...]

Date: 2009-01-11 20:00:00

How to avoid credit card fraud!

Credit card fraud is increasing in the age of rampant identity theft ... company with specific details. Always check your credit card statements thoroughly. Report any ... purposes. Do not use multiple credit cards for making online purchases. It is better to have one credit [more...]

Date: 2009-01-17 14:23:10

How To Choosethe Right Mortgage Lender

How To Choosethe Right Mortgage Lender Finding the perfect mortgage broker may not be easy, but it is very important ... ? After you have your credit report in good credit repair, you are ready to start shopping ... are there? There are many types of companies in this business, including traditional banks, online banks, credit unions [more...]

Date: 2008-12-02 05:10:21

Reverse Convertible Notes: A Real Safe Haven

Traditionally safe dividend stocks have been whacked along with everything else by this credit crisis, ... or so publicly traded companies that report dividend information to the S&P, 138 decreased their dividends ... you how you could get those same companies to “guarantee” to pay you a dividend [more...]

Date: 2008-11-24 12:55:14

My identity theft and security risks inherent in technology

I recently became a victim of identity theft. It started in September with a letter from my mortgage company, Countrywide, ... numbers then, but we didn’t. It wasn’t until I noticed fraudulent activity on my credit report in late ... inquiries into my credit. It’s a nightmare. You may be wondering how this post relates to public [more...]

Date: 2009-01-13 21:20:54

What Does “Late” Really Mean? Beware of Sneaky Credit Card Fees

I spend a lot of time watching and listening to financial news reports; and since we’re officially in a recession, ... debts low and paying bills on time. However, it appears that credit card companies have found a way to mess with their reliable, responsible clients. Credit card companies can pretty much bet [more...]

Date: 2008-12-16 15:04:11

Remove NCO Financial From Your Credit Report

by Justin Hutto NCO Financial is a collection agency. They collect for retail, financial services, healthcare and other industries ... bureaus. Another option is to hire a professional credit repair company ... is your legal way of telling the credit bureaus that you are disputing the accuracy or validity [more...]

Date: 2008-10-02 16:12:02

Fed Chairman Uses Incompetent Ratings Firms for Bailout

“Federal Reserve Chairman Ben S. Bernanke is basing hundreds of billions in emergency lending on credit ratings from companies that gave AAA grades ... .  So reports Bloomberg News. Before the financial crisis, we repeatedly warned in vain ... of the financial crisis.  “They’re outsourcing the credit assessment to a group of people whose recent [more...]

Date: 2008-12-18 18:40:19

The truth about collection accounts.

by JR Rooney The debt collection industry is a billion dollar industry. According to Rapid Recovery Solution, Inc ... to develop a strategy to collect money owed: name, address, credit report, credit application ... but not always. When you receive a letter from a debt collection agency, verify that the company contacting [more...]

Date: 2008-12-17 08:13:34

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