Credit Card Debt Trap #1
By Mike Wayman
People seek out credit repair for a number of reasons. Not everyone seeks credit repair because they’ve had a serious hardship in life. Some people seek out credit repair services because they’ve fallen in to a credit card debt trap. This video is part one of nine video features on credit card debt traps and the ways that people fall in to them.
If you have been victimized by a credit card scheme you may very well be able to get the negative credit taken off your credit report. Don’t let the credit card companies take advantage of you. Call Certified Credit Repair today for more information on how we can help you.
Not Even Congress Can Get Your Creditors on the Phone
By Mike Wayman
Perhaps this post is a bit different from the rest. The reason is that this story needs to be heard. I think one of the reasons that so many people get scammed in the credit repair industry, the debt consolidation industry and in the loan industry is that the providers of credit, the people that extend debt and loans stop caring about you completely when you experience a hardship.
The moral of the story is that we are important to our creditors only when we make our payments on time. If we experience a hardship, or, as I like to say it, if life happens to people, then there is no one to talk to on the credit provider level that can help. What this causes is the client seeking solutions elsewhere. Perhaps the best way to clean up the financial services industry is to regulate it more. Not necessarily regulate it more in terms of what they offer or how they conduct business, but how they respond to customer care when financial hardship arises.
Why You Have To Check Your Credit Report
By Mike Wayman
Credit is something that is useful to everyone, regardless of their income. When you have good credit it is possible to get loans for a vehicle, a car, and pay a better interest rate on that loan. People feel more positive about their future when they have good credit because they have more options financially. What people don’t always think about is checking their credit report. An estimated 50-70 percent of the information found on credit reports is outdated. When a credit bureau obtains financial information on you, they don’t check it for accuracy. One mistake can cause credit problems, so it makes it necessary for every consumer to check on their credit to make sure there are no errors or outdated information.
Identity theft is another good reason to check on your credit. Information on your credit report will tell you if someone has been using your information to purchase goods or services or obtain credit in your name. When you look at your credit report for this information, check for the following errors: Spelling of your name, correct address information, previous addresses, social security number, telephone number, and employer.
Also look for public record information such as liens, bankruptcy, foreclosure and court judgments. Most importantly, check the status of your accounts being up to date with previous creditors. Look for negative remarks on your payment history. Reviewing your credit report once a year is a good rule to follow.
