A creditor will write off an account they believe to be uncollectable. This account will then become a charge off and listed as a charge off on your credit report. Creditors will do this when you are very late on an account. The debt owed is still valid and can be collected on either by the original creditor or a collection agency.
A charge off on your credit report is one of the worst things you can do to your credit. A recent charge off can lower your credit score over 100 points. Any new lender seeing this on your credit report will see it as a sign you will let accounts get so late they will be charged off. This will kill any chance of getting a new loan while it is listed on your credit report.
Only the creditor that listed the charge offs or the credit bureau can remove a charge off off your credit report. You will need to work through one of these companies to get it removed.
Contact the Creditor
Creditors want their money and will negotiate to get it. Call them and talk to them. Set up payment arrangements to pay off the debt. This is when you have the leverage in negotiations. Make it point that the charge off gets removed upon final payment. Get it in writing and make sure they do it when you have paid off the account. Not all creditors will agree to this and some have policies against it.
Dispute the Credit Bureaus
Credit bureaus make mistakes and a lot of them, so now they have verify any dispute they receive. The Fair Credit Reporting Act allows consumers to dispute any negative item on their credit report they believe to be inaccurate. With 79% of all credit reports containing errors, this allows you a chance to get your accounts investigated. Don't dispute anything that is accurate or it will most likely be verified and your account has a chance of being flagged for being frivolous.
You can do this yourself or hire an expert to do it for you, either way you need to get your credit back on track. Removing your charge offs will increase your credit score and make it possible to receive the credit you want.
Thursday, October 14, 2010
Credit Repair 101 - Charge Off Removal
If you have a charge off on your credit report most likely it is from a credit card that you stopped making payment on. Once you stop making payments, the creditor will "charge off" the debt and receive a little tax credit for their loss. This does not however, imply that you no longer owe on the debts. Some creditors will hold onto the debt and attempt to collect on it themselves, some hire collection agencies to collect for them, while even others will sell the debt outright to junk debt buyers.
charge offs are absolutely brutal to your credit reports and scores. Your ability to obtain new credit will be significantly impaired. Once a debt is charged off it will remain on your credit reports for up to seven years from the date of last "mutual" activity which is usually the date of your last payment. If you make any payments afterwards you can re-start the clock.
Once your debt is charged off you have few options:
Option #1
Reach a settlement with the creditor to pay off the charge off and ask for the charge off to be removed from your credit records as part of the settlement offer. Depending on the age of the charge off, you might be able to get settlement for as little as 40% - 50% of the original balance. If the charge off is relatively newer, you will most likely have to pay it in full. If the creditor will not agree to remove the charge off from your credit reports, once it is paid in full you should dispute the charge off with the credit bureaus. More than likely since it is paid it will be removed.
Option #2
If you would rather not pay the charge off then you can still attempt to remove the charge off from your credit reports by disputing it with the credit bureaus. There is a chance that it will be placed on your credit report again down the road. Also, the credit can attempt to get a judgement on your credit report to collect on the debt. If this happens you can ask for debt validation to ensure that they have proof enough to collect on the debt.
charge offs are absolutely brutal to your credit reports and scores. Your ability to obtain new credit will be significantly impaired. Once a debt is charged off it will remain on your credit reports for up to seven years from the date of last "mutual" activity which is usually the date of your last payment. If you make any payments afterwards you can re-start the clock.
Once your debt is charged off you have few options:
Option #1
Reach a settlement with the creditor to pay off the charge off and ask for the charge off to be removed from your credit records as part of the settlement offer. Depending on the age of the charge off, you might be able to get settlement for as little as 40% - 50% of the original balance. If the charge off is relatively newer, you will most likely have to pay it in full. If the creditor will not agree to remove the charge off from your credit reports, once it is paid in full you should dispute the charge off with the credit bureaus. More than likely since it is paid it will be removed.
Option #2
If you would rather not pay the charge off then you can still attempt to remove the charge off from your credit reports by disputing it with the credit bureaus. There is a chance that it will be placed on your credit report again down the road. Also, the credit can attempt to get a judgement on your credit report to collect on the debt. If this happens you can ask for debt validation to ensure that they have proof enough to collect on the debt.
Tuesday, October 12, 2010
Credit Repair Made Easy
More people than ever find themselves deeply in debt and with no remedy in sight. For many people, filing bankruptcy seems the only possible answer. However, in the majority of cases this isn't the case, because with some careful planning, skilled help and patience, anyone can repair their credit.
Okay, the first step is to find out exactly what's owed and to whom.
Up-to-date copies of credit reports should be obtained from all the major credit bureaus. Free copies should be available if credit has been denied recently, usually within thirty to sixty days. credit repair services If incorrect information is shown on any of the reports, this information should be disputed. This action may be initiated by telephone, but it's better to do it in writing for saved documentation purposes.
Credit bureaus must investigate disputes promptly, normally within thirty days. If this time elapses and no correspondence is received, the credit bureau should be contacted again, both by telephone and in writing. Often credit bureaus will update files and not notify the individual. If this has happened, request a copy of the updated report. Bureaus usually furnish free updated copies.
Remember, persist until the inaccurate information is removed. It may have a great bearing on future creditworthiness. After all incorrect information has been removed, repeat the process with each credit bureau that has the inaccurate information. This is necessary since the credit bureaus operate independently and changing records with one will have no bearing on the files at another.
Here are some of the most often disputed credit report items:
Outdated information, usually over seven years old
Inaccurate personal information
Credit information that belongs to someone else, which is more common than you might think.
If a large number of credit inquiries appear in the file, request that the credit bureau merge multiple inquiries from the same source. This will help future credit ratings since an excessive number of inquiries is seen as derogatory.
Always keep credit information current by obtaining copies of credit records at least once yearly after resolving any problems. credit repair services This will also act as an alert to any credit fraud that may be occurring. Once you've obtained a credit file and begun the dispute process, evaluate your financial situation.
If you find that you're unable to make at least the minimum payment on outstanding accounts, immediately contact creditors. Many will appreciate your willingness to pay and will attempt to help set up plans for payment.
However, don't make promises that can't or won't be kept. A small payment is preferable to a large payment that never arrives. Sometimes this contact can be enough to reduce payments and forestall more severe measures. If not, a more serious step must be taken.
This next step is to consult a credit-counseling agency.
These organizations are invaluable in solving financial problems. They're staffed with trained individuals experienced in the credit field, so don't confuse these agencies with the commercial "credit repair" companies who claim that, for a fee, they'll wipe your credit slate clean.
Don't be fooled!
There is no legal way to do this. Any procedures they might use are available to you free of charge. A counselor at a credit counseling agency will take all the information concerning your financial situation, evaluate it and decide the best strategy to use in solving your problem. You'll be asked to abide by certain rules while receiving services. These rules may include closing charge accounts and canceling credit cards or paying your bills through the agency. It's to your advantage to abide by the rules, as these agencies are perfectly safe. credit repair services They are non-profit and won't ask you to pay for their services. Although the repayment period may be long, don't accept offers of credit while receiving services from these organizations, since this will only delay the process and could result in you being refused further services.
Here are some suggestions for maintaining good credit after the credit repair period is over:
Live within your means. Don't go back to the bad financial habits that resulted in credit problems in the first place.
Create a budget. Know where all your money is going. Small purchases can add up and make it difficult to meet important obligations. Keep records of all money spent for one month. This detailed record will show where spending cuts need to be made. It will also alert you to any spending problems.
Plan for financial emergencies by depositing a fixed amount of income to a special "emergency" account. Do this as if paying another monthly bill. This money will insure that emergencies such as illness or loss of job don't catch you totally unprepared. Try to accumulate enough in this fund to pay bills for at least six months.
Okay, the first step is to find out exactly what's owed and to whom.
Up-to-date copies of credit reports should be obtained from all the major credit bureaus. Free copies should be available if credit has been denied recently, usually within thirty to sixty days. credit repair services If incorrect information is shown on any of the reports, this information should be disputed. This action may be initiated by telephone, but it's better to do it in writing for saved documentation purposes.
Credit bureaus must investigate disputes promptly, normally within thirty days. If this time elapses and no correspondence is received, the credit bureau should be contacted again, both by telephone and in writing. Often credit bureaus will update files and not notify the individual. If this has happened, request a copy of the updated report. Bureaus usually furnish free updated copies.
Remember, persist until the inaccurate information is removed. It may have a great bearing on future creditworthiness. After all incorrect information has been removed, repeat the process with each credit bureau that has the inaccurate information. This is necessary since the credit bureaus operate independently and changing records with one will have no bearing on the files at another.
Here are some of the most often disputed credit report items:
Outdated information, usually over seven years old
Inaccurate personal information
Credit information that belongs to someone else, which is more common than you might think.
If a large number of credit inquiries appear in the file, request that the credit bureau merge multiple inquiries from the same source. This will help future credit ratings since an excessive number of inquiries is seen as derogatory.
Always keep credit information current by obtaining copies of credit records at least once yearly after resolving any problems. credit repair services This will also act as an alert to any credit fraud that may be occurring. Once you've obtained a credit file and begun the dispute process, evaluate your financial situation.
If you find that you're unable to make at least the minimum payment on outstanding accounts, immediately contact creditors. Many will appreciate your willingness to pay and will attempt to help set up plans for payment.
However, don't make promises that can't or won't be kept. A small payment is preferable to a large payment that never arrives. Sometimes this contact can be enough to reduce payments and forestall more severe measures. If not, a more serious step must be taken.
This next step is to consult a credit-counseling agency.
These organizations are invaluable in solving financial problems. They're staffed with trained individuals experienced in the credit field, so don't confuse these agencies with the commercial "credit repair" companies who claim that, for a fee, they'll wipe your credit slate clean.
Don't be fooled!
There is no legal way to do this. Any procedures they might use are available to you free of charge. A counselor at a credit counseling agency will take all the information concerning your financial situation, evaluate it and decide the best strategy to use in solving your problem. You'll be asked to abide by certain rules while receiving services. These rules may include closing charge accounts and canceling credit cards or paying your bills through the agency. It's to your advantage to abide by the rules, as these agencies are perfectly safe. credit repair services They are non-profit and won't ask you to pay for their services. Although the repayment period may be long, don't accept offers of credit while receiving services from these organizations, since this will only delay the process and could result in you being refused further services.
Here are some suggestions for maintaining good credit after the credit repair period is over:
Live within your means. Don't go back to the bad financial habits that resulted in credit problems in the first place.
Create a budget. Know where all your money is going. Small purchases can add up and make it difficult to meet important obligations. Keep records of all money spent for one month. This detailed record will show where spending cuts need to be made. It will also alert you to any spending problems.
Plan for financial emergencies by depositing a fixed amount of income to a special "emergency" account. Do this as if paying another monthly bill. This money will insure that emergencies such as illness or loss of job don't catch you totally unprepared. Try to accumulate enough in this fund to pay bills for at least six months.
Credit Repair and I Mean You
Your Right Your Obligation
credit repair is a necessity for millions of people. Yet, sadly, many are afraid to question the veracity of the credit bureaus. In fact, you have the right to question anything on your credit report that you believe to be inaccurate. More to the point, you have an obligation to yourself.
The Solution
Every point on your credit score and every unwarranted blemish can wreak havoc on your financial life and cause you undeserved grief. credit repair is the solution. It is your right, and there is no cause for fear. The credit bureaus have the resources in place to process disputes, and they expect smart consumers to find and challenge reporting errors.
Select Your Approach
Getting started with credit repair is easy. You may opt to do it yourself, or you may decide to hire one of the legitimate companies that offer dispute services on a monthly subscription basis. Going it alone takes more effort, but if you are careful and persistent you will get results. Here are a few handy tips.
Choose Your Weapon
It is widely known that you are permitted one free credit report per year from each of the three major bureaus. As attractive as this offer may sound, these reports are not conducive to a successful credit repair effort. They are poorly formatted and difficult to decipher. To understand the accuracy of this statement just take a look at the reports that the very same bureaus will provide of you are willing to pay.
Make the Investment
Start your project with a good tri-merged report. Invest the fifteen or twenty dollars it takes and you will have a user-friendly document that will facilitate credit repair success, rather than a headache. Once you have your report in hand, spend the time it takes to check the accuracy of every bit of data from your name to public records and everything in between.
Under the Radar
Here are a few of the issues that many people miss during a credit report examination but are capable of impairing your scores. Over-reported revolving balances, as well as their counterpoint, under-reported account limits, can depress your scores dramatically. Closed accounts that are reported as open can skew your profile and lower your scores, and duplicate accounts, even when reporting positive, are capable of overstating your debt load.
Credit Repair Disputes
The credit repair dispute process is not hard. It will take some organizational effort and a bit of patience, but you can get the job done. There are only two secrets to successful disputing. The first is to keep it simple. Your letters must be plain and to the point. Provide a lean demand and nothing more. The credit bureaus do not want to hear your life story, and if you use too many words they may even ignore your request altogether.
Determination Pays Off
The second secret to dispute success is to carry on until you are satisfied. The credit bureaus seem to treat a certain percentage of disputes with complete disregard. You can expect to receive flippant form letter answers to many of your disputes. These may take the form of requests for additional identification, accusations of frivolity, and speedy verifications that were surely generated without research.
A Vein of Gold
But keep up your effort in the face of resistance and you are sure to be rewarded. Just as a certain percentage of your letters will be dismissed, a certain percentage will find their target. The odds favor an ongoing stream of successful results, albeit a gradually diminishing one. With time and patience your credit repair project will reveal a vein of solid gold. Good luck!
credit repair is a necessity for millions of people. Yet, sadly, many are afraid to question the veracity of the credit bureaus. In fact, you have the right to question anything on your credit report that you believe to be inaccurate. More to the point, you have an obligation to yourself.
The Solution
Every point on your credit score and every unwarranted blemish can wreak havoc on your financial life and cause you undeserved grief. credit repair is the solution. It is your right, and there is no cause for fear. The credit bureaus have the resources in place to process disputes, and they expect smart consumers to find and challenge reporting errors.
Select Your Approach
Getting started with credit repair is easy. You may opt to do it yourself, or you may decide to hire one of the legitimate companies that offer dispute services on a monthly subscription basis. Going it alone takes more effort, but if you are careful and persistent you will get results. Here are a few handy tips.
Choose Your Weapon
It is widely known that you are permitted one free credit report per year from each of the three major bureaus. As attractive as this offer may sound, these reports are not conducive to a successful credit repair effort. They are poorly formatted and difficult to decipher. To understand the accuracy of this statement just take a look at the reports that the very same bureaus will provide of you are willing to pay.
Make the Investment
Start your project with a good tri-merged report. Invest the fifteen or twenty dollars it takes and you will have a user-friendly document that will facilitate credit repair success, rather than a headache. Once you have your report in hand, spend the time it takes to check the accuracy of every bit of data from your name to public records and everything in between.
Under the Radar
Here are a few of the issues that many people miss during a credit report examination but are capable of impairing your scores. Over-reported revolving balances, as well as their counterpoint, under-reported account limits, can depress your scores dramatically. Closed accounts that are reported as open can skew your profile and lower your scores, and duplicate accounts, even when reporting positive, are capable of overstating your debt load.
Credit Repair Disputes
The credit repair dispute process is not hard. It will take some organizational effort and a bit of patience, but you can get the job done. There are only two secrets to successful disputing. The first is to keep it simple. Your letters must be plain and to the point. Provide a lean demand and nothing more. The credit bureaus do not want to hear your life story, and if you use too many words they may even ignore your request altogether.
Determination Pays Off
The second secret to dispute success is to carry on until you are satisfied. The credit bureaus seem to treat a certain percentage of disputes with complete disregard. You can expect to receive flippant form letter answers to many of your disputes. These may take the form of requests for additional identification, accusations of frivolity, and speedy verifications that were surely generated without research.
A Vein of Gold
But keep up your effort in the face of resistance and you are sure to be rewarded. Just as a certain percentage of your letters will be dismissed, a certain percentage will find their target. The odds favor an ongoing stream of successful results, albeit a gradually diminishing one. With time and patience your credit repair project will reveal a vein of solid gold. Good luck!
Tuesday, September 28, 2010
Credit Repair Advice - Some Credit Repair Services Can Harm Your Credibility
credit repair advice is a highly sought after service these days. Good credit repair advice, however, is getting harder to come by. With all the programs claiming the ability to 'fix' your credit, finding advice is easy; but beware the many credit repair scams. Not all credit repair services are disreputable, and there are many professionals who honestly help repair your credit. When selecting a company to help you in bad credit repair, first do some research and avoid any credit repair service that claims to 'fix' your credit. credit repair advice
The best way to repair your credit is by doing it yourself. But if you need help, be careful where you place your trust for credit repair advice. Some services aren't helpful but instead produce negative results by promising to get you out of debt when in reality they can't improve or repair your credit. They may require you send them a check every month from which they are to pay your creditors. They, in fact, make late payments and your account is rated R2 - which mean that payments were made after 30 days lowering your credit score even further.
Certain service providers, posing as 'debt negotiators' further ruin your credit rating by suggesting not paying your credit card bills. They, of course, charge you upfront fees, maintenance fees, and monthly fees, etc. After months of non-payment, they negotiate with the creditors to settle for a lesser amount. This ruins your credibility, by your account being tagged R4 or R5 - payments delayed beyond 90 days, and beyond 120 days. Further, the money you considered as having saved, by paying a lesser amount, is actually considered 'income' by the IRS and you pay income tax on that. credit repair advice
Watch out for credit repair services that, promising to remove listed information in your credit reports, will write on your behalf to the credit bureaus, stating the information as false. The credit bureaus will remove the said information while conducting investigations. In the meanwhile you receive a clean credit report, which gives you a false sense of having improved credit. After investigations, the negative information reappears in your report.
Some agencies do perform a reputable job and help you remove incorrect items, such as children's items on parents' reports, double items, paid-off items that still show on your report, and items that should rightly have been removed after a bankruptcy. Such reputable credit repair services can be helpful for people who are uncomfortable or unable to handle the issue on their own. credit repair advice
Credit repair is an issue that has reached enormous heights in this country and should be taken seriously quickly to make corrective actions if possible. However, keep in mind that only the incorrect items, if proven to be false, can be removed from your credit reports. If the negative items are correct, they JUST cannot be removed, regardless of what anyone tells you. Do your research before allowing any credit repair service to take actions on your behalf. What you don't know can do additional harm to your credit.
Source......
Link Building Service
The best way to repair your credit is by doing it yourself. But if you need help, be careful where you place your trust for credit repair advice. Some services aren't helpful but instead produce negative results by promising to get you out of debt when in reality they can't improve or repair your credit. They may require you send them a check every month from which they are to pay your creditors. They, in fact, make late payments and your account is rated R2 - which mean that payments were made after 30 days lowering your credit score even further.
Certain service providers, posing as 'debt negotiators' further ruin your credit rating by suggesting not paying your credit card bills. They, of course, charge you upfront fees, maintenance fees, and monthly fees, etc. After months of non-payment, they negotiate with the creditors to settle for a lesser amount. This ruins your credibility, by your account being tagged R4 or R5 - payments delayed beyond 90 days, and beyond 120 days. Further, the money you considered as having saved, by paying a lesser amount, is actually considered 'income' by the IRS and you pay income tax on that. credit repair advice
Watch out for credit repair services that, promising to remove listed information in your credit reports, will write on your behalf to the credit bureaus, stating the information as false. The credit bureaus will remove the said information while conducting investigations. In the meanwhile you receive a clean credit report, which gives you a false sense of having improved credit. After investigations, the negative information reappears in your report.
Some agencies do perform a reputable job and help you remove incorrect items, such as children's items on parents' reports, double items, paid-off items that still show on your report, and items that should rightly have been removed after a bankruptcy. Such reputable credit repair services can be helpful for people who are uncomfortable or unable to handle the issue on their own. credit repair advice
Credit repair is an issue that has reached enormous heights in this country and should be taken seriously quickly to make corrective actions if possible. However, keep in mind that only the incorrect items, if proven to be false, can be removed from your credit reports. If the negative items are correct, they JUST cannot be removed, regardless of what anyone tells you. Do your research before allowing any credit repair service to take actions on your behalf. What you don't know can do additional harm to your credit.
Source......
Link Building Service
Free Credit Repair Advice - Credit Repair Counseling
If you have bad credit and you would like to improve your credit score, a credit repair counselor may be in order. So what is a credit repair counselor? For some it's the head of the household, because they have lived a long time and understand how to handle credit and finances. A professional credit repair counselor can help you understand your credit report, figure out your monetary standing and pinpoint areas that need immediate attention in order to improve your credit rating.
Nowadays, it is not unusual for individuals to obtain a credit repair counselor. These types of businesses are experiencing high growth as individuals in America are facing deeper and deeper debt. More than ninety million Americans carry almost twenty thousand dollars in debt, and this does not even include what Americans are paying for their mortgages. A large portion of these credit problems deal with improper credit card spending. By the time an individual realizes that they are in credit trouble their debt is already substantially large. credit repair advice
A credit repair counselor will work in conjunction with your private creditors to assist you in paying off your debt. They will most likely make arrangements for a debt consolidation loan from a debt management company in order for you to pay off any money that you owe. A counselor works hard to get you better interest rates and also work hard to decrease the interest rates that you are currently paying. They also go through a great deal of trouble to establish a relationship with your creditors. credit repair advice
The debt counselor works closely with you after a payment and financial plan are put in place. A debt counselor will continue to guide you in the right direction when it comes to your finances so that you will never again have to deal with a bad credit rating. The financial plan the counselor will help you develop will usually consist of looking at a person's finances, considering their resources, and then creating a budget that the client is required to maintain from that point forward. In the beginning, you may have to visit the debt counselor monthly so that there can be in depth discussion about all of your financial matters.
Before working with the counselor, make sure you do thorough research before signing any agreements presented to you. Be sure to get in touch with the Chamber of Commerce to see if the debt counselor you will be using is a member of the organization and check out if they have a positive or negative reputation. credit repair advice
A credit counselor who has good references and is very trustworthy will inform you of the power that you have to go about improving your credit. The best credit counselor will let you know what their fees are up front and put all business arrangements on paper. They will let you know what to expect of them and any other details. If you do not trust the credit counselor, you should probably not hire them.
Source......
Link Building Service
Nowadays, it is not unusual for individuals to obtain a credit repair counselor. These types of businesses are experiencing high growth as individuals in America are facing deeper and deeper debt. More than ninety million Americans carry almost twenty thousand dollars in debt, and this does not even include what Americans are paying for their mortgages. A large portion of these credit problems deal with improper credit card spending. By the time an individual realizes that they are in credit trouble their debt is already substantially large. credit repair advice
A credit repair counselor will work in conjunction with your private creditors to assist you in paying off your debt. They will most likely make arrangements for a debt consolidation loan from a debt management company in order for you to pay off any money that you owe. A counselor works hard to get you better interest rates and also work hard to decrease the interest rates that you are currently paying. They also go through a great deal of trouble to establish a relationship with your creditors. credit repair advice
The debt counselor works closely with you after a payment and financial plan are put in place. A debt counselor will continue to guide you in the right direction when it comes to your finances so that you will never again have to deal with a bad credit rating. The financial plan the counselor will help you develop will usually consist of looking at a person's finances, considering their resources, and then creating a budget that the client is required to maintain from that point forward. In the beginning, you may have to visit the debt counselor monthly so that there can be in depth discussion about all of your financial matters.
Before working with the counselor, make sure you do thorough research before signing any agreements presented to you. Be sure to get in touch with the Chamber of Commerce to see if the debt counselor you will be using is a member of the organization and check out if they have a positive or negative reputation. credit repair advice
A credit counselor who has good references and is very trustworthy will inform you of the power that you have to go about improving your credit. The best credit counselor will let you know what their fees are up front and put all business arrangements on paper. They will let you know what to expect of them and any other details. If you do not trust the credit counselor, you should probably not hire them.
Source......
Link Building Service
Friday, September 17, 2010
Credit Score Monitoring: Worth the Price Tag?
If you're currently in the midst of credit repair, one thing you've probably come across on your journey to relief from credit card debt is the option to monitor your credit score on a monthly basis. All three credit bureaus offer this service for about $15 a month on average. They promise to keep you up-to-date on every account on your report and inform you of any changes, good or bad, that your score goes through.
While this may sound like a great way to keep you informed of all the changes your credit report goes through on a monthly basis (and it actually is a good idea for anyone who wants to stay involved with as little effort as possible), there are also some clear disadvantages to this service as well that could actually do more harm than good for your finances in the long run. credit repair services
* You're only adding to your bills. As I pointed out earlier, each of these services will run you up about $15 a month to monitor your score, which they charge automatically to your credit card. Luckily, each bureau offers a 3-in-1 deal so you'll know what's going on with all 3 reports without having to sign up for all 3 services. Still, when you're trying to achieve total debt relief, you're money would probably be best spent elsewhere each month.
* That's not the information you're looking for. If you sign up for one of these services thinking you'll be getting a complete, detailed credit report each month, you've got another thing comin'. Instead of a complete rundown of each of your credit accounts, the most you'll be treated to is a quick note on what your credit score is that month and whether or not it looks good on paper. That's all you get. More information may be available upon request, but it won't be as exact as you might hope.
* You have [400] new emails! Hope you enjoy spam in your inbox, because once you sign up for a credit monitoring service, your inbox will be overloaded with junk almost as quickly as that one time you "accidently" clicked that "I'm Over 18" button. The next time you go to check your email, you'll find a flood of requests to join other credit monitoring services, as well as offers for all kinds of credit cards and, ironically enough, debt settlement options. If you'd rather keep your spending habits to yourself, consider navigating away from the "Join Today!" link button.
* "One of us! One of us!" Say you've already signed up for one of these services and, upon reading this blog (or looking over your financial records), have decided that you'd rather cancel the service than keep paying for it each month. Yeah, good luck with that. Like every company facing a cancellation from a consumer, they'll try everything they can to keep you hooked, often going so far as to try and tack on MORE services to what you already signed up for.
Subscribe to:
Comments (Atom)