Finance Rights
4 min read
DIY Will Cost: What You’ll Really Pay (4 Methods)
Finance Rights
How to Repair Credit & Avoid Credit Repair Scams
Get the legal advice you need without the hourly legal fees
If you have a poor credit rating, the promises made by credit repair companies, to provide clean credit histories and access to fresh lines of credit, may seem like a dream come true. Unfortunately, these offers are too good to be true and may leave you in even worse shape than when you started.
Here are some of the critical facts you should know about credit. Fraudulent credit repair companies often:
- Demand payment upfront;
- Fail to explain your legal rights;
- Instruct you to provide inaccurate information to credit reporting agencies or lenders;
- Dispute accurate information on your credit report; and
- Tell you not to contact or respond to credit reporting agencies yourself.
Companies offering “new credit identities” often charge a fee for what they call a “credit profile number” or “credit privacy number.” These companies will instruct you to apply for credit using this new number. These numbers are often either stolen Social Security Numbers (SSN) or fraudulently obtained Employer Identification Numbers (EIN). Using a fraudulent SSN or EIN is a federal crime and you could be held responsible. Penalties may include steep fines or possible jail time.
The process of improving your credit score takes time and effort, but it can be done. There are many steps you can take and your LegalShield provider law firm is ready to help.
Your provider law firm can help dispute inaccurate information on your credit report. They may also help you negotiate payment or settlement agreements for outstanding debts. Call and talk with a consumer rights lawyer at your LegalShield provider law firm today.
Get the Answers You Need, When You Need Them
Related articles
Finance Rights
3 min read
How Much Does Chapter 7 Bankruptcy Cost? Full Price Guide
Filing for Chapter 7 bankruptcy typically costs between $1,000 and $3,500. That includes fixed court fees, mandatory education courses, and variable attorney fees.
Finance Rights
5 min read
New Data Shows a Very Human Problem: People Get Burned Every Day, Then Stay Quiet About It
A new LegalShield study reveals what most of us already suspect but rarely say out loud: getting ripped off hurts, and the embarrassment that follows keeps people from doing much about it.
Finance Rights
9 min read
How to Help Get Your Money Back from a Scam
Realizing you’ve been scammed is one of the most stressful moments anyone can face. In this guide, we’ll walk you through how to recover lost money from a scam.
Finance Rights
4 min read
Your Guide to Employee Rights
In the United States, you are entitled to certain rights when you are employed. Learn what your right are and how to protect them with LegalShield.
