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Credit Repair Scams
Antique Pocket Watch Erase Bad Debt !The High Tech World of the Antique Pocket Watch Not many antique collectibles offer a piece of technology to the modern day owner. The exception is ..... Remove Negative Items From Your Credit Report Youve probably seen these headlines and others just like it promising to clean up or fix bad credit. For someone who suffers from a bad or poor credit rating, these headlines are certainly an appealing offer. Imagine finally being able to buy that new car, get debt collectors off your back, and enjoy a new found freedom from your past debts. Economic Outlook: Cause And Effect Sound to good to be true ? It probably is. Once you fall prey to the credit repair offer and pay the hefty fees involved to clean up your record, heres what happens:If you read many market analyses or economic predictions, youre in for a lot of muddy thinking. Very often, economists and analysts lose track of the difference ..... 1) The credit repair scam artist contacts the credit bureaus and reports that the negative information in your file is false. 2) The credit bureau removes this negative information from your report while they investigate the claim. 3) The scam artist will then show you the cleaned up version of your credit report and ta-da your credit history has been fixed ! But heres what the scammer doesnt tell or show you. After the credit bureau completes their investigation the negative information is placed back on your credit report. 5 Things To Know About The Stock Market Negative but accurate information cannot be removed from your credit profile. Only incorrect information can be removed.50% Of U.S. Households Invest In The Stock Market Individuals invest in the stock market directly, through mutual ..... Accurate information remains on your credit file for a period of 7 years from the time it is reported to the credit agencies; a bankruptcy appears for a 10 year period. Many legitimate companies exist that can help you with your debt problems. But how do you spot a scam offer ? Easy, theyll ask you for their fees up front. By law, credit repair agencies cannot ask for payment until theyve provided the service they promised. Additionally many states require that a credit repair service, whether they are for-profit or not-for-profit, must provide you with a detailed written contract, an explanation of your legal rights, and the opportunity to cancel any signed contract within 3 days. Rapid Technology Prototyping Also, be aware that a credit repair offer could be an attempt to steal your identity by getting you to provide personal information such as a Social Security number, bank account and credit card account numbers.Rapid technology prototyping, alternately referred to as rapid prototyping (RP), is currently the most advanced method for quickly creating a prototype. This technology is ..... Always make sure you know who you are dealing with before accepting any offer to help you repair your credit. Those who dont can have their credit ruined further and create more debt problems. 2004, www.yourfreecreditreportnow.com Author: James H. Dimmitt. James is editor of "TO YOUR CREDIT", a weekly free newsletter. Subscribe to the newsletter by visiting http://www.yourfreecreditreportnow.com. |
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