{"id":1233,"date":"2022-07-08T17:55:09","date_gmt":"2022-07-08T17:55:09","guid":{"rendered":"https:\/\/webagencyfortune.com\/demo\/v6\/credit-repair\/?p=1233"},"modified":"2022-07-12T20:09:18","modified_gmt":"2022-07-12T20:09:18","slug":"how-to-avoid-credit-related-scams","status":"publish","type":"post","link":"https:\/\/ucsdoneforyou.com\/credit-repair\/how-to-avoid-credit-related-scams\/","title":{"rendered":"How To Avoid Credit-Related Scams"},"content":{"rendered":"\n[et_pb_section fb_built=”1″ _builder_version=”4.17.4″ _module_preset=”default” custom_padding=”0px||0px||true|false” global_colors_info=”{}” theme_builder_area=”et_body_layout”][et_pb_row _builder_version=”4.17.4″ _module_preset=”default” width=”100%” global_colors_info=”{}” theme_builder_area=”et_body_layout”][et_pb_column type=”4_4″ _builder_version=”4.17.4″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”et_body_layout”][et_pb_text _builder_version=”4.17.4″ _module_preset=”default” text_line_height=”1.6em” hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”et_body_layout” sticky_enabled=”0″]In recent years, our televisions and email in-boxes have been inundated with advertisements from companies promising to help consumers improve their credit. Many of these companies offer a quick fix for people who have a high-rate of debt or bad credit, and the promises made often seem to good to be true. Many offer extended lines of credit, immediate debt relief and easy access to cash. Unfortunately, the fact of the matter is that many of these offers are too good to be true, and consumers must read carefully to be aware of possible scams and protect themselves from compounding their money troubles.\n\nThe Federal Trade Commission (FTC) cautions consumers against many forms of credit scams that consumers face today. Two of the most prevalent scams against consumers include offers for advance-fee loans and credit repair services.\n\nAdvance-fee loan scams often target consumers with credit problems or consumers who have difficulty getting credit. In exchange for an up-front fee, these companies guarantee that applicants get the credit they want \u2013 usually a credit card or personal loan. Below are some points to keep in mind before responding to ads that promise easy credit regardless of credit history:\n\nMost legitimate lenders will not \u201cguarantee\u201d a loan or credit card before a formal application process is followed, especially if the applicant has bad credit or a bankruptcy.\nIt is an accepted and common practice for reputable lenders to require payment for a credit report or appraisal. A processing or application fee is also an accepted practice.\nNever give a credit card account number, bank account information or Social Security number out over the telephone unless the company is familiar and it is explained clearly why the information is necessary.\n\nCredit repair scams are some of the most common credit scams today. They are in ads in newspapers, on television and on the Internet. Consumers receive fliers in the mail and calls from telemarketers offering easy and immediate credit repair services. Consumers should be very cautious in answering advertisements for these services. The FTC advises consumers to be aware of any credit repair companies that:\n\n\u2013 ask for payment for credit repair services before any services are provided\n\u2013 do not advise a consumer of his or her legal rights and what can be done independently by a consumer \u2013 for free \u2013 to improve credit\n\u2013 recommend against contacting a credit bureau directly\n\u2013 suggest inventing a \u201cnew\u201d credit report by applying for an Employer Identification number to use instead of a Social Security number; or\n\u2013 advise disputing all information of a credit report or taking any action that seems illegal, such as creating a new credit identity. If a consumer follows illegal advice and commits fraud, he or she may be subject to prosecution.\n\nConsumers who feel they may have been a victim of a credit scam such as the two described above should contact their local consumer protection agency, state Attorney General, or Better Business Bureau. For additional information on credit-related scams, or to file a formal complaint against a fraudulent company, visit the Federal Trade Commission\u2019s web site.[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

In recent years, our televisions and email in-boxes have been inundated with advertisements from companies promising to help consumers improve their credit. Many of these companies offer a quick fix for people who have a high-rate of debt or bad credit, and the promises made often seem to good to be true. Many offer extended […]<\/p>\n","protected":false},"author":1,"featured_media":1234,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/posts\/1233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/comments?post=1233"}],"version-history":[{"count":1,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/posts\/1233\/revisions"}],"predecessor-version":[{"id":1286,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/posts\/1233\/revisions\/1286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/media\/1234"}],"wp:attachment":[{"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/media?parent=1233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/categories?post=1233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ucsdoneforyou.com\/credit-repair\/wp-json\/wp\/v2\/tags?post=1233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}