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MAKE A
CHANGE TO YOUR LIFE TODAY
Call us toll free now at
1-888-716-2425
Ask for
Lance or Tara
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Recreditpair is a self help credit
improvement and credit education
software system. Learn how to improve
your credit score by removing
negative, damaging information from
your credit report. Stop paying
outrageous interest rates. Take action
and begin the process of improving
your credit and call Quality
Automotive Group at
1-888-716-2425 and ask for
Lance or Tara. |
Credit
Repair: Self Help May Be Best
Quoted
from
the Federal Trade Commission (www.ftc.gov)
You see the
advertisements in newspapers, on TV,
and on the Internet. You hear them on
the radio. You get fliers in the mail.
You may even get calls from
telemarketers offering credit repair
services. They all make the same
claims:
- “Credit
problems? No problem!”
- “We can
erase your bad credit — 100%
guaranteed.”
- “Create a
new credit identity — legally.”
- “We can
remove bankruptcies, judgments,
liens, and bad loans from your
credit file forever!”
Do yourself a
favor and save some money, too. Don’t
believe these statements. Only time, a
conscious effort, and a personal debt
repayment plan will improve your
credit report.
This brochure explains how you can
improve your creditworthiness and
gives legitimate resources for low or
no-cost help.
The Scam
Everyday,
companies nationwide appeal to
consumers with poor credit histories.
They promise, for a fee, to clean up
your credit report so you can get a
car loan, a home mortgage, insurance,
or even a job. The truth is, they
can’t deliver. After you pay them
hundreds or thousands of dollars in
fees, these companies do nothing to
improve your credit report; most
simply vanish with your money.
The Warning
Signs
If you decide
to respond to a credit repair offer,
look for these tell-tale signs of a
scam:
- companies
that want you to pay for credit
repair services before they provide
any services.
- companies
that do not tell you your legal
rights and what you can do for
yourself for free.
- companies
that recommend that you not contact
a credit reporting company directly.
- companies
that suggest 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.
- companies
that advise you to dispute all
information in your credit report or
take any action that seems illegal,
like creating a new credit identity.
If you follow illegal advice and
commit fraud, you may be subject to
prosecution.
You could be
charged and prosecuted for mail or
wire fraud if you use the mail or
telephone to apply for credit and
provide false information. It’s a
federal crime to lie on a loan or
credit application, to misrepresent
your Social Security number, and to
obtain an Employer Identification
Number from the Internal Revenue
Service under false pretenses.
Under the Credit Repair Organizations
Act, credit repair companies cannot
require you to pay until they have
completed the services they have
promised.
Source: Federal Trade Commission (www.ftc.gov)
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