Beware Of Scams With Credit Repair Companies

Reblogger Christine Bohn
Real Estate Agent with RE/MAX Professionals BK659643

Here is some great ADVICE for YOU to protect yourself from scams in today's economy.  Thanks for this great post Gary Wortal's blog!  I am happy to pass this one along too :)

Original content by Gary Woltal 0575737

Piggy BankOftentimes those seeking a rental home, people with erratic income, folks coming out of divorces, some first time home buyers, people just in difficult life circumstances, they have a dinged up credit report that needs some work on it. But in finding a reputable company to assist them

Beware Of Scams With Credit Repair Companies

Watch out in this area if

  • they encourage you to lie on credit applications
  • request fees up front ahead of rendered services
  • promise a quick fix faster than two to three months for minor problems
  • come to you with an unsolicited email to do business with them
  • want to erase accurate items that are less than 7 years old
  • do not want to give you a written contract spelling out terms and performance from them you can expect
  • want to create a new Employee ID Number for you
  • do not give you a copy of your consumer rights
  • they are found with many complaints at the BBB or FTC

A very good connection resource to avoid these problems of course is your high integrity trusted advisor REALTOR who most often partners with mortgage lenders who partner with credit repair companies that are not scammers and that will lead you in time to a higher credit score. Then you can get that new home with ease.

Work with folks you can trust who are ethical, hard working, will follow up with you, and are always there for you. Beware of all scammers. They just want your dough, then they will not show.

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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
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Great repost I saw this scam on the news it is a shame we have to worry about scams. Thanks for sharing the information.

Apr 03, 2012 04:38 AM #1
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Thanks for the re-blog Christine. Credit scams are terrible for people to be taken advantage of. All safe in my particular area with the storms today but many had damage from at least two tornadoes on the ground. Luckily only minor injuries.

Apr 03, 2012 09:16 AM #2
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Christine Bohn

The Bohn Team, Gainesville FL
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