Credit Repair Scams

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Good information to avoid credit scams from Matt Listro:

Original content by Matt Listro

In this post I share the 6 ways to identify a credit repair scam according to the FTC:

If you are not that organized or willing to do it yourself, work with a company referred by someone you know that has used them successfully.

Here are 6 ways to identify a credit repair scam:

" 1 * The company wants you to pay for credit repair services before they provide any services. Under the Credit Repair Organizations Act, credit repair companies cannot require you to pay until they have completed the services they have promised.

2 * The company doesn't tell you your rights and what you can do for yourself for free.

3 * The company recommends that you do not contact any of the three major national credit reporting companies directly.

4 * The company tells you they can get rid of most or all the negative credit information in your credit report, even if that information is accurate and current.

5 * The company suggests that you try to invent a "new" credit identity - and then, a new credit report - by applying for an Employer Identification Number to use instead of your Social Security number.

6 * The company advises you to dispute all the information in your credit report, regardless of its accuracy or timeliness."

Matt

Toll Free: 888-NCFIXER (623-4937)
Toll Free Fax: 888-FAX-4020 (329-4020)
Local: 860-282-6181
330 Roberts Street 4th Floor
East Hartford, CT 06108

credit repair company 

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Rainmaker
288,075
Cherry Wings Realty
Cherry Wings Realty - Traverse City, MI
Your Traverse City Michigan Realtor

Gabe:

Thanks for the reminder that there are many credit repair scams out there but the reality is that there is no quck and easy fix that will be long lasting. 

Mar 18, 2010 11:50 PM #1
Rainmaker
545,096
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

Hi Gabe:

It never fails...

Whenever there is a crisis, there's someone taking advantage of those people.

Good information to pass along..

Mar 19, 2010 01:52 PM #2
Rainmaker
382,670
Matt Listro
National Credit Fixers - Matt Listro - Vernon, CT
Your Credit Repair Expert

Hi Gabe: Thank you for the re-blog.  I appreciate it!

:)

Mar 22, 2010 02:57 AM #3
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Cherry, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 05:58 AM #4
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Toula, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 05:58 AM #5
Rainmaker
4,797,822
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Matt, thanks for taking the time to comment it is always appreciated.

Jan 29, 2018 05:58 AM #6
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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