|
Author: James Duggan Article source: http://www.mymoneybag.us/. Used with author's permission.
Everyone has seen the ads before. A business will guarantee you
perfect credit. (As if your credit history were a joke).
Unfortunately, your credit isn't a joke. And your credit history
will not disappear overnight, despite what a debt elimination
services agency may have promised you. There isn't a quick
remedy to your credit repair or debt problem. It's something that
you'll have to work on. Your debt-elimination or credit repair
solution may come in several forms. You may choose to contact
a debt elimination service company. You may not. However, it's
important to know that debt elimination services can't do any
more for you than you can already do for yourself.
The Federal Trade Commission (FTC) annually warns
consumers on debt elimination services and credit repair
consultation. There have been many allegations and lawsuits
with seemingly "notable" agencies. It appears that many of these
companies have made wild statements, like "we'll repair your
credit by erasing negative feedback," or "we'll eliminate all of
your accrued debts within 24 hours" which aren't legal options.
Nor are they believable promises. Be wary of these types of
companies. They're promising you something that is unethical,
illegal, and most certainly untrue.
Research the reputability of any agency with the resources of
the internet. If you can't find any information on the company
then don't use their services. After all, you'll have to provide a
lot of personal information to a debt elimination service. Social
Security numbers and credit card information aren't tidbits of
information you want falling into the wrong hands. Use good
judgment before accepting the assistance of debt elimination
services. If the company tells you that their services are free,
check the fine print. Are there any hidden fees? If something
seems too good to be true, it most likely is.
There are several ways you can fall prey to a debt elimination
scam. Some of the most commonly reported scams are told
by consumers who've tried "debt elimination by phone." These
"guaranteed quick-solution" phone calls usually end up costing
you money, rather than helping you. In addition, many of these
services offer promotional credit cards to "help" you rebuild credit.
While promotional credit cards may sound like the promise of a
new beginning, they're usually not. They're tacked with all
sorts of fees and their users usually end up in more financial
trouble than they bargained for. Remember, you're trying to
eliminate debt, not accrue more debts. Avoid calling "900"
and "976" telephone numbers [for debt elimination assistance]
like the plague! These exchange numbers will rack up some
pretty hefty charges on your phone bill. That's right, more
unwanted debt. It really isn't worth it.
Let's face it. Time and payment efforts are the only
guaranteed solutions to healing your credit. Look at a copy
of your own credit report prior to seeking outside help. If
there are any genuine errors which you can prove are incorrect,
by all means consult a reputable credit agency. They'll
[more than likely] be able to correct your information and
save you from further debts. While it may cost a few
dollars now, it may save you from a lot of financially related
headaches in the future.
Many debt elimination services arrange a payment method
that coincides with your income. For instance, if 25% of
your income is "spending money," debt elimination
services may suggest that 10% of that money be put to
your outstanding debts. It may take time, but it's better
than waiting seven years to see if every negative mark
has disappeared from your credit report. James Duggan writes articles on debt elimination and personal
finance. His website, http://www.fix-a-debt.com is an information
portal on the subject. He is also a membership consultant for
Financial Freedom Society Inc. http://www.ffsi-rq.com
Travolta's Law Of Management
Take the advice of one of Hollywood's superstars and see your business or management disasters in a different light.
Five Powerful Reasons Why Owning A Pet Could Make You Live Longer
If you are looking to increase your chances of living to a ripe old age you might want to consider owning a pet...
A Guide to Dating
People in long-term relationships, whether they are married or dating, often complain about getting into a rut.
Pay Per Click Advertising - How To Uncover Profit-Pulling Keywords And Make Your Sales Soar
Choosing to bid on the right keywords can be key to your pay per click success. But how do you choose the proper keywords? Here are 3 powerful tips to uncover...
Building Better Biceps
Two of the nine pivot points - those stunning body parts located precisely where they attract the most attention - are the lower biceps and long head of the tri...
Child Communication Skill: Do You Really Know What Your Child Is Saying To You?
You as a parent can learn how to teach your kids to communicate better with you so that family relationships develop to much healthier levels.
Strengthening Your Golf Swing Muscles Will Greatly Improve Your Golf Game
Golf swing muscles? Is there such a thing? You didn't think they were important or existed did you? But I'm sure when you've gone home after a round of golf ...
Saving Marriage After Adultery
Do you want your marriage nursed back to health? If you want your marriage restored it will take some effort on your part. Stop peering over the fence at your n...
Darkness of Winter Encourages Insights
The darkness of Winter has descended. For many the long stormy nights of Winter and the proverbial dark night of the soul are uncomfortable. In addition to be...
Website Ranking Key Words Things to Think About Before You Start Designing
I designed a website once for streaming audio, this was the key word I was to use streaming website audio, this sounds like a good key word phrase or is it!
Mortgage Marketing - How to Write a Mortgage Marketing Sales Letter That Gets Results!
Copywriting tips and techniques for the mortgage broker looking to write a sales letter that actually works.
Sources of Online Suicide Help for People Suffering from Severe Depression
There are many sources of online suicide help and prevention for people suffering from severe depression. Patients should take advantage of these resources to e...
Interior Design Psychology
Does your home make you feel happy, energized, and at the same time bring you peace? Or, do you feel unhappy, depressed, or distressed in your home, and you don...
They Didnt Think I Could Earn A Full-Time Income Online, But I Proved Them Wrong!
When I first attempted to make money online I was so naive just like any newbie. But I learned from the school of hard knocks. I learned by trial and error and ...
Seven Steps To Planning A Successful Future
Being successful in life is difficult unless you ensure you have a balanced life. To obtain the optimal benefits you must be passionate about your life plan and...
Whole Life Insurance - Whole Life Insurance Information
When purchasing a life insurance plan, its important to understand the differences between whole life and term life insurance, as well as other types of insuran...
Wherever You Are, Be There
One of the major reasons why we fail to find happiness or to create unique lifestyle is because we have not yet mastered the art of being.
Three Myths About Resume Writing
Your perspective on resumes - what they are and how they function - will doubtless influence how well you can write your own. To create an outstanding resume, ...
Save Time With a Bridge Loan
Find out how to get into the house you want in a timely manner.
Niche Marketing - Why Keyword Research Come First
A good portion of my business involves spending hours researching and uncovering thousands of the exact, targeted keyword phrases people in any given niche mark...
Hobby Ideas
There are as many hobbies as there are ideas. A hobby can be any leisure activity you pursue outside of your work or career. Hobbies can range from raising fi...
Tent and Outdoor Gear Care and Repair
You should seal all floor seams and those seams on the rainfly. This will make the tent waterproof. If the manufacturer already taped the seams, get some seam s...
Muscle-Building Exercises and Growth-Boosters
I have 'emerged' some subtle bodybuilding techniques that infuse rapid muscle-growth to any trainee. You see, the "factor of top intensity levels" in combina...
Hertz Truck Rental The Best Truck Rental Company I Know Of
Yes, I'd like to advertise this company. It has never let me down. Hertz truck rental company, with 24' trucks as well as 15' and 20' ones, reasonable prices an...
|
Print this page