FORT LAUDERDALE, Fla., March 25, 2020 /PRNewswire/ — Debt.com, the nation’s leading provider of personal debt solutions, is advising Americans to watch their finances during the COVID-19 shutdowns. They have created a hub page where consumers can access personal finance information and resources and they have a hotline where consumers can call to get their questions answered.
In this fluid situation, Debt.com experts want people to focus on three issues initially for maintaining financial health:
- Quarantine finances – The volatility of the market is unavoidable, but that doesn’t mean people should cash out on their retirement plans or long-term savings. Focus on current cash flow and short-term stability, and keep a distance from other long-term accounts.
- Recognize fraud – It’s sad but true that every tragedy is an opportunity for scammers. Already, many standard online, phone and email scams have been updated to prey on our fears of COVID-19. These range from selling “COVID-killing cleaning supplies” that are little more than dish soap to fake charities that purport to help victims but actually pocket your donations.
- Seek the right help – There’s no shortage of excellent advice from personal finance experts. However, there’s less credible and proven advice on how to handle specific forms of debt for the duration of the COVID-19 shutdowns. That’s where certified financial experts can help.
“Industry professionals know which creditors have extended deadlines and are offering extended terms. They know existing rules and laws that allow you to juggle limited resources until the emergency has passed. They can advise you when and if to borrow against retirement accounts or secure home equity lines of credit,” says Debt.com Chairman and CPA Howard Dvorkin.
Americans are struggling with their finances and those who are having trouble paying their debts should consult financial experts just as those worried about COVID-19 should consult health experts by calling Debt.com’s hotline at 1-844-402-3574.
“Because we’re a one-stop shop for debt solutions, I believe we can help anyone quickly by providing the best advice and service,” Dvorkin says. “But in tragic situations like this, I care more about Americans calling someone – anyone – who can help.”
About: Debt.com is the consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers ‘when life happens’.
Lafayette business receives cease and desist order for lack of credit repair bond
LAFAYETTE, La. (KLFY) – A Better Business Bureau Serving Acadiana complaint and subsequent investigation led to the Louisiana Office of the Attorney General issuing a “cease and desist” order to Lafayette-based Virtuous Business Consulting and owner Jessica Chaisson.
The business was ordered to immediately stop performing credit repair services at their 1003 Louisiana Ave. location. Virtuous Business Consulting currently has an F rating with BBB.
The AG order settles allegations the business performed credit repair services without the required $100,000 surety bond as required by state law under the Louisiana Credit Repair Services Organizations Act. Under terms of the order, the business was required to immediately stop performing credit repair services as well as provide the names and contact information for anyone who used their credit repair service. The order was for settlement purposes only and should not be considered as an admission of guilt.
According to BBB records, the company received a complaint from a consumer, alleging the company accepted an advance fee for credit repair then never performed the service. The business did not respond to the consumer complaint.
BBB sent correspondence to the business on Nov. 4, 2020, requesting a brief description of the products or services offered, copies of marketing materials provided to their customers, copies of any service agreements provided to customers and a copy of the required surety bond but BBB didn’t received a response.
“Hearing from consumer experiences help us keep the public informed with situations such as these,” said Jillian Dickerson, BBB Serving Acadiana President and CEO.
According to the U.S. Credit Repair Organizations Act, “No credit repair organization may charge or receive any money or other valuable consideration for the performance of any service which the credit repair organization has agreed to perform for any consumer before such service is fully performed.”
When looking for credit repair services or debt relief, consider the following:
- Understand the difference between credit repair services and debt relief. Credit repair companies repair credit reports for a fee; debt relief are typically programs that offer loans to consolidate debt.
- Carefully research companies on BBB.org before agreeing to any services and make sure the company can help resolve the situation.
- Before signing any contract, read and understand the terms and conditions, especially if it involves a loan.
This 7-Figure Wealth Coach Has Helped Countless People Repair Their Credit During the Pandemic
Coach Legend, as he is known, has been helping people struggling financially during the pandemic increase their credit scores and gain greater financial freedom. He has largely done so with the help of Instagram and Facebook. Through his genuine and authentic approach to social media marketing, Coach Legend has been able to help countless people turn their lives around.
What makes Coach Legend someone people turn to receive advice from is his authentic approach. For him, forging personal relationships is more important than making money. While it is definitely a nice perk of what he does, he isn not motivated by it.
Coach Legend’s primary motivation is helping others. It just so happens that he is great at relating with people and motivating them to improve their lives.
These days, this wealth coach is focused on helping with credit repair. That is because the pandemic cleaned out the accounts of many in 2020. With non-essential businesses closing across the country, many had been furloughed, have seen their hours reduced, or were simply let go. This led to financial hardships for millions of people.
Those who sought to buy homes and cars, or wanted to start their own businesses, came up against financial barriers. With a low credit score, it becomes incredibly challenging to get any sort of decent loan. Thankfully, Coach Legend knows what steps need to be taken to improve financial situations and credit scores.
Thanks to his helpful advice, countless people have been able to improve their credit scores and financial situations. His clients have been able to get the houses and cars they wanted, and are able to enjoy the financial freedom they thought was beyond them.
Coach Legend knows all too well how limiting it can be to work for someone else or be dependent on someone else for your livelihood. That is why he explored becoming an entrepreneur. He saw other mentors of his unlock financial abundance and sovereignty by becoming their own bosses. That is what he decided to do after learning everything he needed to know. It wasn’t long before Coach Legend was operating several different businesses.
By taking the entrepreneurial path, he was able to say goodbye to hard times and limits on what he could achieve. Becoming financially literate was also instrumental in him accessing the abundance that was waiting for him. Coach Legend now enthusiastically teaches others how to gain financial freedom as well, given his extensive experience with the steps needed to take to unlock it.
Social media has been a tremendous resource for Coach Legend, who has audiences on Instagram, Facebook, and YouTube. There, he dispenses sage advice and extends an invitation to anyone who is looking to improve their financial situation to receive advice and guidance from him.
You can watch some of Coach Legend’s keen insights when it comes to success and mindset by heading over to his Instagram Page.
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