Amazines Free Article Archive
www.amazines.com - Friday, April 18, 2025
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133575)
 Advice (161672)
 Affiliate Programs (34799)
 Art and Culture (73858)
 Automotive (145720)
 Blogs (75621)
 Boating (9851)
 Books (17224)
 Buddhism (4130)
 Business (1330997)
 Business News (426456)
 Business Opportunities (366525)
 Camping (10973)
 Career (72796)
 Christianity (15853)
 Collecting (11638)
 Communication (115089)
 Computers (241958)
 Construction (38973)
 Consumer (49954)
 Cooking (17080)
 Copywriting (6734)
 Crafts (18203)
 Cuisine (7549)
 Current Affairs (20323)
 Dating (45910)
 EBooks (19704)
 E-Commerce (48273)
 Education (185534)
 Electronics (83525)
 Email (6438)
 Entertainment (159863)
 Environment (29004)
 Ezine (3040)
 Ezine Publishing (5454)
 Ezine Sites (1551)
 Family & Parenting (111011)
 Fashion & Cosmetics (196612)
 Female Entrepreneurs (11853)
 Feng Shui (134)
 Finance & Investment (310633)
 Fitness (106491)
 Food & Beverages (63057)
 Free Web Resources (7941)
 Gambling (30227)
 Gardening (25202)
 Government (10519)
 Health (630176)
 Hinduism (2206)
 Hobbies (44083)
 Home Business (91747)
 Home Improvement (251282)
 Home Repair (46257)
 Humor (4728)
 Import - Export (5462)
 Insurance (45104)
 Interior Design (29637)
 International Property (3488)
 Internet (191032)
 Internet Marketing (146690)
 Investment (22863)
 Islam (1161)
 Judaism (1352)
 Law (80500)
 Link Popularity (4596)
 Manufacturing (20931)
 Marketing (99327)
 MLM (14140)
 Motivation (18237)
 Music (27000)
 New to the Internet (9498)
 Non-Profit Organizations (4048)
 Online Shopping (129742)
 Organizing (7813)
 Party Ideas (11855)
 Pets (38165)
 Poetry (2229)
 Press Release (12691)
 Public Speaking (5643)
 Publishing (7566)
 Quotes (2407)
 Real Estate (126895)
 Recreation & Leisure (95496)
 Relationships (87677)
 Research (16182)
 Sales (80359)
 Science & Technology (110298)
 Search Engines (23525)
 Self Improvement (153317)
 Seniors (6224)
 Sexuality (36012)
 Small Business (49374)
 Software (83054)
 Spiritual (23537)
 Sports (116155)
 Tax (7664)
 Telecommuting (34070)
 Travel & Tourism (308296)
 UK Property Investment (3123)
 Video Games (13382)
 Web Traffic (11800)
 Website Design (56947)
 Website Promotion (36670)
 World News (1000+)
 Writing (35853)
Author Spotlight
PANKAJ RATTAN

I am Pankaj Rattan. I am a B.tech student. I love to ride my bike and play cricket. And i also love ...more
GREG DERR

Triple Diamond Construction is a licensed roofing company serving Oklahoma City, Moore, Norman, Yuko...more
RAM SEWAK

Myself Ram Sewak possessing indepth domain experience of more than 10 years in SEO, SEM, Web Develop...more
JANE PAGE

Jane is an ardent mobile and internet marketing and enthusiast reporter on major press media in USA...more
ELLIOT CHANG

Financial analyst and author writing on economy and business. ...more


Please! Avoid These 5 Common Repair Credit Scams! by Jim DeSantis





Please! Avoid These 5 Common Repair Credit Scams! by
Article Posted: 08/08/2009
Article Views: 35
Articles Written: 194
Word Count: 993
Article Votes: 0
AddThis Social Bookmark Button

Please! Avoid These 5 Common Repair Credit Scams!


 
Advice,Consumer,Finance & Investment
Mixed in with legitimate credit repair services are a great number of credit repair scams out there. These scams often promise to fix your bad credit overnight. In reality, many of these so-called 'experts' will either overcharge you, involve you in illegal activity, or actually put you in a worse financial situation. Here are 5 of the most common scams.

If you are in a serious financial crisis right now, get a friend or relative to help you find a legitimate service because you are likely not in a good emotional state to make an informed choice with a clear head.

1. You may run across credit repair agents who will tell you to manipulate loan applications or suggest that you create a new identity. Not only is this against the law, it's downright immoral. If anyone suggests that you open accounts in a new name or falsify your information on credit applications, get away from them as fast as you can. You can be arrested and fined with fraud for it and held responsible for your actions, even if you were acting on the company's advice. You certainly don't want to add legal problems to your credit woes. Remember: 'Ignorance of the law is no excuse!'

2. Watch out for credit repair companies that charge you for credit repair steps that you could do for free yourself such as create a budget. Don't do business with a company that asks for money up front without telling you fully what they will do for you. And, read the fine print for hidden fees.

3. The 'Escrow Account' scam is especially dangerous. These fix credit companies will promise to pay your creditors from money you pay to them, which they keep in an escrow account.

Why is this a huge problem? The debtor, that's you, gives money to the credit repair company, presumably for paying off debts. The company places the money in an escrow account where it supposedly grows. The idea is that the company will eventually pay on your debts when the amount reached in the account matches the payment required by the lender.

What is hidden is this: The credit repair company will be systematically removing some money from the account for administrative fees while creditors are put on hold.. In the meantime, creditors are adding more interest charges on what you owe until finally starting legal action against you. As you can see, this type of scam can actually damage your credit rating even further!

4. You may also talk with credit repair counselors that pressure you and want you to sign a contract you have not read. Such tactics should make you suspicious and should be rejected. When they put the heat on, say: 'I would like to have my attorney read the contract first." Then, see how they react. A legitimate fix credit service will never have a problem with your request.

5. Many of the advertisements are by companies that offer you fast or instant credit repair, no matter how bad your credit history is. This is simply a misleading claim that no company can honestly deliver on. Be honest with yourself. If you have very bad credit, you know it may take months, even years, to fully repair.

They may try to sell this by claiming that they can remove negative items from your credit history by disputing them. This is a half-truth. No company can remove true and accurate information from your credit report. While it is true that a credit bureau must investigate a claim of inaccurate information within thirty days, this does not mean that the company will automatically remove the information. So, if the information is accurate, it remains and there isn't a thing anyone can do to remove it.

Don't kid yourself. The major credit bureaus are aware of this common credit repair scheme and have become very good at detecting it.

They sell the scheme like this: They claim that by disputing every negative item on a credit report, the backlog of your claims will cause the credit bureau to automatically remove the offending items from the report because, remember, the credit bureau is bound by law to remove disputed items it has not investigated within 30 days. This technique is a scam and makes you dishonest since you are not just making claims of inaccurate information, you will be disputing anything negative, whether true or not.

Frankly, this technique is borderline illegal so get away from these guys quickly.

So, what is the best solution for fixing your credit?

My answer is: There is wisdom in a multitude of counselors! Assemble the information you need to know to help yourself fix your credit history.

A good team of counselors can help you get your credit score back in shape. The most important member of that team is yourself. You are the one with the financial problems and only you know what you can or cannot do to fix them. This makes you the best advocate in the credit repair process.

Before you listen to strangers who want to sell you their services, get educated about credit. You may want to check with your local library for financial help books, go on-line and check government websites for free information, ask friends or relatives who have good credit, and check with local non-profit organizations to advise you.

Once you get good advice and more knowledge, fixing your credit history and raising your credit score will be easier than you imagine.

It takes knowledge about credit tactics to quickly fix your credit history and raise your FICO credit range score to 750 and higher. Jim DeSantis will show you how to do it yourself right now! Go here ==> Raise FICO Credit Score! or here ==> Fix Your Credit Report!

Related Articles - fix fico credit score quickly, 750 FICO score, bankruptcy, loans, personal finance, debt consolidators, credit range score, raise my credit score, fix your,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
LEVAL AINAH

I am an internet marketer and also an educator. My goal is to help others who are looking to improve...more
PAUL PHILIPS

For more articles, blog messages & videos and a free e-book download go to www.NewParadigm.ws your p...more
ALEX BELSEY

I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
DONNIE LEWIS

I'm an avid consumer of a smoothie a day living, herbs, vitamins and daily dose of exercise. I'm 60...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2025, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license