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Recommendations to victims of credit repair scams

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Credit repair services can help you fix your score. Unfortunately, the industry is full of scammers. Follow our tips if you have fallen for their promises.

What to Do About a Credit Repair Scam

Some borrowers fail to pay on time, and their credit scores plunge. This has given rise to a special type of business. Credit repair firms in Thailand promise to fix your score, eliminating negative records. Sadly, most of these companies are fraud. Here is what their victims should do.

Too Good to Be True?

The credit score may deteriorate due to different reasons. If borrowers fail to make payments, this is reflected in their rating. Sometimes, errors are to blame. The first thing to do is to identify the cause. If this happened through no fault of yours, notify your bank and credit report bureaus.

A lower credit score spells trouble in the future. Your request for a mortgage may be rejected. If you are still given loans, you will be charged higher interest. As a result, borrowing will be inaccessible or expensive.

Credit repair sounds like the perfect solution. A company claims it will raise the score, so you can borrow again. They offer to delete all negative information from your credit report and replace it with positive details. For desperate borrowers, this scheme is often irresistible. Don’t let it fool you!

How Credit Scores Are Repaired? 

Usually, borrowers can improve their scores themselves. This process is lengthy but feasible. First, they should see if there are any positive cases overlooked by the credit bureau. For instance, if you have a credit card and always repay on time, these details are positive for your history. They may be ignored due to an error in the system. 

If there is bad debt, make fixing it a priority. Create a budget and see what prevents you from finding the right amount, and how your expenses can be managed. There is no shortage of smartphone apps that can do budgeting for you. 

Look for alternative sources of income. For example, you can open a live trading account through a brokerage firm like Forextime. This gives access to global financial markets, and entry is affordable for everyone. 

There is a wealth of educational resources. Traders make a profit by buying and selling online. In Thailand, you can trade currencies, stocks, derivatives, and more. Through a copy trade scheme, you may delegate decision-making to an expert. 

Any timely payments have a favorable effect on the score. Hence, you can try getting another loan or credit card and repay it properly. Naturally, bad history means you will be charged higher interest. 

If You Have Been Scammed

If you have already been defrauded, follow the steps below. Credit repair scam is increasingly common in Thailand. Do not let criminals remain unpunished. 

Keep All Docs

Any documents related to your transactions should be carefully stored. Never throw away any receipts or other evidence. Of course, your contract is essential, as it contains the written promises and obligations of the provider. In addition, keep all evidence of payments made to the company. Even a copy of your bank statement will do. 

Ask for a Refund

If you have paid upfront, demand a refund. It is unlawful for a credit repair company to collect advance payment. If they refuse, let them know you are willing to contact authorities and file a lawsuit. It is best to mention the exact names of watchdog organizations, so they know you are dead serious. 

BRITISH INTERNATIONAL SCHOOL, PHUKET

File a Complaint

Find a protection agency, licensing office, or trade association in your area. Usually, organizations that defend consumer rights can guide you. Report the scammers to all organizations that will listen. If the firm claims to be accredited, contact the agency that supposedly gave the approval. 

File a Lawsuit

If the company fails to perform its obligations under the contract, there are grounds for a lawsuit. If neither the services nor a refund was provided, go to court. A breach of contract is a crime. 

Spread the Word

Post negative feedback on social media: Facebook, Instagram, etc. The more channels – the better. Spread information in specialized communities online. Let everyone know that the company is a fraud. They will continue luring in new victims. 

Avoiding Credit Fraud

Never sign a contract before reading it. If the company is pressuring you to sign quickly, do not! Essential details of the contract may be missing, such as:

the cost of services; 

the date by which they must be rendered;

the name and business address of the firm;

conditions of contract termination.

Fraudsters will always ask for payment in advance. This is because they do not intend to do any work! 

The Bottom Line

If you need help repairing your score, be very careful with providers. No reputable company can promise to actually delete information from your credit report. Scammers may also use dubious practices like creating a new identity!

 

 

 



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Credit Repair Companies

Free credit repair consultation for people in credit distress – Press Release

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Free credit repair consultation for people in credit distress

At a time when the number of people with negative credit listing has increased, Intel Credit Consultants is coming to the aid of the credit distressed individuals and business through offering free credit repair consultation.

With the rate of credit default reaching new levels, a credit repair company is offering individuals and business a free consultation. While announcing this credit repair assistance, the lead consultant at Intel Credit Consultants said this is meant to help individuals and businesses make informed credit decisions. “We are aware of the situation  occasioned by the pandemic and we would like people as well as businesses to come out strong , remove their negative information and improve their chances of getting credit to finance their activities,” said the company representative while urging those in need of credit repair services to register for free consultation.

Intel Credit Consultants relies in a pool of experienced credit repair professionals to help its clients. The team is reputed for its experience and high skills as well as dedication to provide assistance quickly and effectively. The company representative says that the team goes out of the way to ensure customer satisfaction and delivering the desired results.  He observes that the free consultation is a step towards providing a path that will streamline a customer credit path and open avenues where they can live comfortably without being bogged down by issues of negative listing.

“The importance of credit repair cannot be overemphasized, it can open many doors for you especially if you are considering buying a house, a new car, furnish your house, taking a loan among other financial decision. We are providing assistance that will help improve your credit score,” said the lead consultant while adding that they are a reputable firm, a choice of many people looking to repair their credit fast and at affordable rates.

While explaining how they operate, the company spokesperson said the first step is becoming a member through signing up. The new member is supposed to choose a plan where they analyze the available options. The credit repair company has a variety of programs that a member can choose from. Once a customer provides all the necessary information and documents, the company representative says they can now sit and see the progress. “On average our clients see an 85 point increase in their credit score in a period of one month,” said the representative while adding that they have received numerous testimonials from customers who are happy with their services. “We are happy to hear positive feedback from our customers, we are pleased to learn that we made a difference in their lives, providing an avenue where they can improve their financial standing. This is who we are, a credit repair company that makes a difference in people’s lives,” said the representative while reacting on the positive testimonial from the customers.

Intel Credit Consultants promises to continue offering credit repair assistance, encouraging those who are looking for services to take advantage of their free consultation through booking an appointment through their website: https://intelcreditconsultants.com/

About Intel Credit Consultants

Intel Credit Consultants is a US based black owned credit Repair Company. The company that puts its clients needs first making sure they are educated and well informed on every credit decision.

Media Contact
Company Name: Intel Credit Consultants
Contact Person: Media Relations
Email: Send Email
Phone: 866.990.7175
Country: United States
Website: https://intelcreditconsultants.com/



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Credit Repair Companies

Give yourself some credit (reports)

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Image courtesy FTC
Image courtesy FTC

By EMILY WU
Attorney, Federal Trade Commission

One important back-to-basics step you can take this Financial Literacy Month (or anytime) is checking your credit report. 

Your credit report has a summary of your credit history. For example, if you’ve been evicted and a landlord turns uncollected rent over to a collection agency, that might be on your credit report. Information in your credit report affects your credit score. That’s important because businesses — like insurance and phone companies — use your credit score to decide whether to give you a policy or service, and what rate to offer. And potential employers and landlords also might check your credit.

So you want to know that the information on your report is accurate. And if it’s wrong, you want to make sure someone didn’t steal your identity.

Here’s the plan:

Order your free credit report. Go to AnnualCreditReport.com or call 877-322-8228. Until the end of the pandemic, everyone in the U.S. can get a free credit report each week from all three national credit bureaus (Equifax, Experian, and TransUnion).

Read the reports carefully. Do you recognize the accounts? Do they list credit applications? Did you apply for credit at those places?

Spot mistakes. Fix anything that looks wrong (read more about how). But if it looks like someone else is using your credit, go to IdentityTheft.gov to report it and get a recovery plan.

Spot a credit repair scam. If a credit repair company asks for money up front, or tells you not to contact the credit bureaus yourself, that’s probably a scammer.

Look, it’s been a tough time, and it’s hard to get back on track. But you can take steps to rebuild your credit. Only time and a plan to pay off debt will improve your credit, but with free credit reports available every week, it’s a good time to take a small step towards recovery. 

. . .

The above information is from the Federal Trade Commission Consumer Information blog

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Credit Repair Companies

Introducing Oasis Credit Group, New York City’s premier credit repair company – Press Release

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Oasis Credit Group is a credit repair company, based in New York, that is proficient in erasing bad credits accumulated from terrible financial decisions whilst providing its clients with a first-class platform for business or personal growth.

Available statistics suggest that 43% of consumers haven’t checked their credit score in the last year. Meanwhile, VantageScore says there are about 220 million scoreable people and 68 million of them have bad or poor scores. Hence, Oasis Credit Group is aptly positioned with its services—the ability to remove all negative derogatory and delinquent accounts across all 3 bureaus.

“The first thing we do is obtain a 3B Credit Report which is one report from the 3 major credit bureaus. We will then analyze the entire report with the client on the line. We will go over each item that is on the report and figure out what needs to be done. Ex. dispute with the bureaus and/or furnisher, Debt Settlement with the creditor or collection agency, Adding positive accounts, etc. We do not sign up any client who wants to sign up. If we cannot help, we will not onboard the customer”, explained the company CEO.

Oasis Credit Group started as a small business funding industry where they observed the biggest reason for denial was someone’s credit score. “After figuring out a way to help people with their credit scores, we decided to move strictly to credit repair as we saw the number of consumers who can use our service AND the amount of business who can help as well”, explained a company spokesman.

Oasis Credit Group differentiates itself from other companies in the credit repair industry with a number of impeccable services including:

  • 100% Money-Back Guarantee
  • Flawless integrity
  • Sufficient experience with consumer, business, and mortgage credit
  • Full-time availability and customer support
  • Affordable fees, with NO long binding contracts.


Oasis Credit Group
offers a referral bonus as an incentive for any client referred to them.  “As mentioned above, we know what it likes to have a client declined due to credit. We are your solution. Refer those clients to us or any client you know can use our help and we will get them a better credit score AND you will get paid for the referral. We pay a residual commission for each active client each month.”

Perhaps, a pointer to the company’s proficiency is the rave reviews and customer testimonials from clients. According to a client, Gloria G.: “After working with 3 different credit repair companies I had 0 results after 2 years. I was on my last try and Abie was awesome from the first phone call. He didn’t promise anything that wasn’t possible and gave me an accurate timeline to reach a score of 650 so I can get my dream home. They were able to get the results I needed in 2 months! For anyone that has been struggling I strongly recommend you give Oasis a try they DELIVER!”

Media Contact
Company Name: Oasis Credit Group
Contact Person: Abraham Shalam
Email: Send Email
Phone: (646) 727-6985
Country: United States
Website: oasiscreditgroup.com



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