Immigration Law Firm in New York
Call us for more information! +1 (917) 994-9118
A Complete Guide to Credit Repair Scams.
Knowing that the likelihood of loan or credit card application approval is very low, people with low credit scores often look for credit repair services providers. Many of them are not aware of the common scams. There are some individuals and even companies that can take advantage of unsuspecting and vulnerable people looking for help from experts. There are many legitimate companies genuinely helping people in increasing their credit score and giving advice on debt management, debt settlement and other ways to go debt-free. However, you have to stay away from companies and individuals that are after your money and personal details to misuse for identity theft. To keep your money and information safe, we have put together a complete guide to common scams, signs of scams, steps to take when you are scammed and repairing credit score safely. Signs Of Credit Repair Scam Many credit repair companies claim to offer magical solutions that can fix the problem within a short span of time.
They make promises that they are not allowed to make. It is illegal to make false claims. If you find a company promising a solution that is too good to be true, you must report that company. The following are the signs of a company that might take advantage of your bad financial situation. Guaranteed Results The Credit Repair Organizations Act (CROA) protects the rights of a consumer. This law outlines guidelines for credit repair companies. According to the CROA, a credit repair company cannot guarantee results. No company can make the following false promises: Results in a fixed time period Improvement to your credit score Removal of all accurate negative items Upfront Payment According to the Credit Repair Organizations Act, a credit repair company cannot ask for payments before it renders services. Scammers are aware of the fact that many consumers don’t know their rights. They ask for a large upfront payment and promise quick results. Avoid working with such companies if you want to avoid credit repair scams. Illegitimate credit repair companies don’t allow cancellation of services unless the consumer pays a fee.
This law gives you the right to cancel credit repair services within three days. You don’t have to pay any penalty for the cancellation. New Identity Your credit score is low because there is a lot of negative information on your credit report. Though you can remove negative information due to errors, legitimate negative pieces of information are there to stay for certain specific periods of time. A scammer promises to remove legitimate negative information. Legally, this is not possible. The scammer might promise a new identity.
He promises to use a new Credit Privacy Number or Employer Identification Number instead of the Social Security Number to create a new identity.
Form i 246. Application for a stay of deportation. i-246 - BIA Stay of Removal | Criminal Immigration Lawyer
Immigration interview questions for married couples. Green card interview experience NYC
What are the most common immigration interview questions?