Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Avoid Being Scammed By A Credit Repair Company
    Avoid Being Scammed By A Credit Repair Company
    Avoid Being Scammed By A Credit Repair Company
    Ebook89 pages53 minutes

    Avoid Being Scammed By A Credit Repair Company

    By Daniel Garcia

    3/5

    ()

    Read preview

    About this ebook

    Everyday, companies target consumers who have poor credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service.

    The truth is many of these companies can’t deliver an improved credit report for you. So after you pay them hundreds or thousands of dollars in fees, you’re left with the same credit report and someone else has your money.

    This guide will show you how to successfully navigate the world of credit repair, learn some of the simple truths of credit repair.

    Learn the following;

    Why ALL types of items can be legally deleted from your credit report, even items that are in fact yours!

    Why many deletions may not be permanent no matter what the company tells you.

    One simple rule you MUST follow to avoid the majority of scammers

    Learn why all credit repair companies are not created equal and how you can determine which ones will have better results.

    How to determine the hidden fees associated with credit repair and factor them into your decision.

    How to make sure you are dealing with a credit repair expert and not someone who is going to try credit repair after reading a $20 book.

    The sales team may always answer the phone but what happens after you sign up? How to determine if a company offers good customer service

    How to determine if a company is misrepresenting themselves in order to trick you into doing business with them.

    Why dealing with a "Law Firm" credit repair company might be nothing but smoke and mirrors

    Determine the best payment model for your situation and understand the motivations behind the credit repair company trying to "win" your business

    Understand what additional services might be needed to further bolster your credit rating

    With this knowledge you will have the tools needed to choose a credit repair company that will not scam you, You will know exactly what to expect going in and you will be able to see actual results.

    As a special bonus we will provide you with a list of 20 questions you must ask every company before doing business with them.

    LanguageEnglish
    PublisherDaniel Garcia
    Release dateDec 26, 2012
    ISBN9781301991426
    Avoid Being Scammed By A Credit Repair Company

    Related to Avoid Being Scammed By A Credit Repair Company

    Related ebooks

    Personal Finance For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      HOW TO... Get Off A Blacklist

      Sep 23, 2019

      HOW TO... Get Off A Blacklist
      2 min read

    • Article

      How To Get A Good Credit Score

      Oct 20, 2022

      How To Get A Good Credit Score
      4 min read

    • Article

      When Zombie Debt Collectors Chase Written-Off Debts

      Jan 4, 2019

      Chances are that you have never heard the terms Zombie Debt or Zombie Debt Collectors. Neither had former United States Marine Lt. Charles Lay until the first week of October 2018, when he received this phone call: "Superior Court calling, and we w

      5 min read

    • Article

      How to Build a Credit History

      Oct 3, 2019

      Most lenders expect you to have a decent credit record to qualify for a loan or credit card. But if you've never had a credit card or taken out a loan, you don't have much of a credit history. It's a conundrum that young people face as they begin the

      4 min read

    • Article

      Fund a Home Business!

      Oct 18, 2019

      Fund a Home Business!
      9 min read

    • Article

      Battle the Credit Bureaus ... and Win

      Aug 29, 2019

      Have you ever found yourself fuming at the credit bureaus? You have plenty of company. Among companies in the Consumer Financial Protection Bureau's database, the three major credit-reporting bureaus--Equifax, Experian and Trans­Union--have logged th

      10 min read

    • Article

      Equifax Messed Up. We Have to Clean Up

      Sep 18, 2017

      After Equifax revealed earlier this month that hackers accessed the Social Security numbers, birth dates and other intimate information of 143 million people, leaving them at a serious lifelong risk of identity theft, both the company and consumer ri

      3 min read

    • Article

      Gifts to Minors: LLCs Can Protect Them from Creditors and Predators

      Aug 11, 2020

      Uniform Gifts to Minor Accounts are very popular for parents and other relatives when establishing financial accounts for minor children. They are a means of making a “controllable” gift to a minor, but they come with some caveats that anyone conside

      3 min read

    • Article

      Equifax Data Breach Settlement: What You Need to Know

      Jul 24, 2019

      If you're one of the roughly 147 million people whose sensitive personal information was exposed in the 2017 Equifax data breach, get ready to claim your share of the relief. The credit bureau has agreed to a settlement of up to $700 million with the

      4 min read

    • Article

      Getting a Loan Could Get Easier

      Nov 29, 2018

      We asked Gerri Detweiler, a credit expert and education director at Nav, a small-business financial management platform, about UltraFICO and consumer credit. FICO recently announced a new credit score called Ultra­FICO. How is it different from the t

      1 min read

    • Article

      10 Best Credit Unions Almost Anyone Can Join, 2018

      Sep 24, 2018

      Credit unions are nonprofit institutions owned by their members -- meaning they tend to offer accounts and services that are more customer-friendly than those of large national banks. And, like banks, they deliver a full range of options, from checki

      14 min read

    • Article

      How Credit Cards Work

      Feb 4, 2022

      How Credit Cards Work
      1 min read

    Related categories

    Reviews for Avoid Being Scammed By A Credit Repair Company

    3/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Avoid Being Scammed By A Credit Repair Company - Daniel Garcia

      Avoid Being

      Scammed

      By A Credit Repair Company

      Danny Garcia

      Smashwords Edition

      Copyright © 2012 by Danny Garcia

      All rights reserved.

      Table of Contents

      Introduction

      Chapter 1: Simple Truths

      Chapter 2: CROA Compliant

      Receiving Payment Prior To Services Being Rendered

      Large Setup Fees

      Free Credit Repair Included With Other Purchase

      Chapter 3: Avoid Companies that Over Promise

      Specific Score Promises

      Specific Deletion Promises

      Specific Time Promises

      Chapter 4: Tactics

      Direct To Credit Bureau

      Direct To Collection Agency

      Direct To Original Creditor

      Third Party Tactics

      Do They Use Certified Mail

      Chapter 5: Avoid Hidden Fees

      Who Pays For Mailings?

      Who Pays For Certified Mail?

      Credit Monitoring Service

      Every 30 Days

      What Do Low Costs Sometimes Mean?

      Advanced Tactics Included?

      Chapter 6: Credit Repair Expert

      Does Account Representative Demonstrate Knowledge

      Ability to Answer Your Questions

      Continuing Education

      Chapter 7: Customer Service

      Dedicated Account Representative

      Answer the Phone and Return Calls

      Ability to Monitor Your Progress Online

      Chapter 8: Misrepresentation

      Overzealous Sales People

      Fake Deadlines

      Real Company?

      Hang Their Hat on the FCRA

      How Do They Accept Payment?

      False Testimonials

      Affiliate Relationships

      Avoid Companies That Claim They Have Connections

      E-Oscar

      Worthless Guarantees

      Misrepresentation of Reinsertions

      Law Firm?

      Is a Lawyer Reviewing Your File?

      Are Letters Written On Attorney Letterhead?

      Will Attorney Represent You?

      FDCPA, FCRA Attorney?

      Chapter 9: Payment Model

      Upfront Fees

      Paying For Attempt to Fix

      Illegal? What Else Will They Do Illegally?

      What Is Their Motivation?

      Monthly Payments

      Paying For Attempt to Fix

      Firm 30 Day Billing Cycle

      What Is Motivation?

      Max Number of Disputes

      Pay After Deletion

      What Is Motivation?

      Long Term Agreement?

      Lower Overall Costs?

      Do They Go After Inquiries? Why?

      What Happens In The Future?

      Beware Low Fees for Public Records

      Maximum Total Fees

      Payment Plan Available?

      Chapter 10: Additional Services

      Debt Settlement

      FDCPA

      Long Term Maintenance

      Ability to Build Credit

      New Primary Tradelines

      Authorized User Tradelines

      Ability to Offer Credit Education

      20 Questions You Must Ask Every Company!!

      Introduction

      This book has been written to help educate those seeking the assistance of a credit repair company. The goal of this book is to help consumers understand some of the differences between credit repair companies, how they operate, what their goals and motivations are, and ultimately be able to choose the best credit repair company for their individual needs without being scammed or ripped off by unethical people or people who just can't or won't perform.

      I am happy to say that most credit repair companies are not trying to scam you, however, due to the ease of entry into the business (no education requirements, few licensing requirements, and very low startup costs) there are hundreds of people in the business that just don't have the experience or knowledge necessary to be successful.

      In this book you will learn the following;

      •How credit repair companies are regulated and what are some of the legal requirements they MUST follow when working with you.

      •How to eliminate 80% of potential companies due to their reluctance to follow the law.

      •How to ensure the credit repair company you are choosing uses the tools and tactics needed to have success.

      •Learn, understand, and avoid hidden fees before it's too late.

      •How to determine the knowledge level of the credit repair expert you are planning to hire.

      •How to determine if the credit repair company will be available for you after you pay.

      •Understand some of the most common misrepresentations so you are not manipulated into making a purchase you will later regret.

      •Learn why dealing with a so called Law Firm credit repair company might be all smoke and mirrors.

      •Figure out the three major payment models and determine which is the best for your needs

      •What other services might be needed and how to make sure they are available

      •20 Questions to ask every company to make sure you are not scammed or ripped off.

      Chapter 1: Simple Truths

      This chapter goes over some simple truths. We are providing this information to make sure that any preconceived ideas about credit repair are addressed.

      1.Credit Repair is LEGAL

      If you listen to news stories and read various reports on the internet you will get the feeling that credit repair is illegal. This is the furthest from the truth. The credit repair industry is regulated by the Federal Trade Commission under a law known as the Credit Repair Organizations Act If credit repair was an illegal activity

      Enjoying the preview?
      Page 1 of 1