| |
| |
|
Credit Information |
|
|
|
FREE Credit Report Offer - Careful, It Might Carry Hidden Charges
FREE credit checks or free credit reports. What are they all about? Why every second company on the Net is offering you a free credit report? Are they all suddenly moved into a charity business? Don't worry about their finances. Start worrying about yours. They are offering you a FREE Credit report as a bonus. Their main offer is something else - they want to sell you "credit check monitoring services". They claim they are going to protect you from identity theft. In order to do that, they first ask you about all the details about your credit card and your bank accounts. Talk about a cat watching over cream distributions. Their first move is to charge you for their services. Hold on, you say, I didn't order anything from them. Yes, that is correct. Almost. Remember, at the bottom of their page they wrote in very small letters that if you don't cancel their services, they are going to provide them. And provide they will. First they are going to charge your credit card between $80 and $120, sometimes more. And we are not talking about some fly-by-night operations. For example, ConsumerInfo.com is owned by Experian, one of the three major credit reporting agencies in the United States. A class action suit against ConsumerInfo.com and Experian alleging 'unfair and fraudulent business practices and false advertising' had been filed in 2004. It didn't stop many others like them from following the same practices. If you are lucky to spot those charges in time, you can attempt to file a charge-back with your credit card company. It will not be that easy. It is your word against theirs. Those companies can claim that they provided a valid service for you, and for that they are entitled to a payment. You scream: "What service?!" They respond: "We were watching over your account". There is no point in suing them. They have much more money than you to pay for their lawyers. If you are one of many, you can try a class action suit. But that can take years, and in the meanwhile your money are gone. It will be much easier to stay away from free credit report offers. Especially from companies you know nothing about. They are not in charity related businesses. When they offer you credit report for free, they will try to make you pay for something else. Don't disclose all your financial information to them. You never know to whom they can sell this information. Every time, when you get an offer to give you something for free, ask yourself first: "How is this company going to make money? What else will they want from me?" If you don't find an answer to this question, don't disclose to such a company your credit card details. Their alleged "free help" might end up costing you more money. To learn more about financial and investment advise and retirement planning visit new Money Management Forum at Wise-Investment.info
MORE RESOURCES:
Credit - Google News |
|
|
|
RELATED ARTICLES
Preventing Credit Card Mess Credit card debts problem is extremely common today. It is usually the first sign of longer term financial troubles. Student Credit Cards 101 Almost all students have and use student credit cards. Some of the students use them wisely and build for them an early credit history but others accumulate lots of debts that would have to be paid off once the student life is over. Credit Card Dirty Tricks There are many of us that have been badly stung by credit card companies that have charged exorbitant fees to use their credit cards. Several years ago an APR of 25% to 29% was common place which in simple terms means that if you borrow £1,000 your interest on that money would be £250 to £290 a year. Big Brother Knows Whats in Your Credit Report - How About You? Whether you are aware of it or not, credit bureaus have been keeping tabs on you and how you use credit. When it's time for you to apply for a mortgage, credit card, or personal loan, your credit report is what lenders look at to decide to approve you or not. To Repair Credit Is No longer Satisfactory - Learn How To Earn A Millionaires Credit In 30 Days... To repair your bad credit does not necessarily mean that you now have a good credit, absolutely not. When most people have bad credit, they either purchase a credit repair book or seek a credit expert help. Compare Credit Card Offers and Reward Yourself Here's a simple system on how to pay zero interest and get tons of free stuff. Almost everyone uses credit cards. How To Eliminate Credit Card Debt There is almost nothing more troublesome than having too much debt to pay each month. Consumers incur debt for many different reasons. Your Guide On Choosing a Credit Card To Suit You Reach into your wallet or purse, pull out a card, swipe, and you're done. It is very easy to use a credit card. Clean Credit Report: Easily Raise Your Credit Score 100 points Clean Credit Reports, your credit report contains information about where you work, live and how you pay your bills (On time or not). It also may show whether you've been sued, arrested or have filed for bankruptcy with in the last 10 years. Credit Report - Look Out for Your Debit Report, Too Most consumers are aware that there are companies that keep track of their personal financial transactions - installment loans, mortgages, credit card accounts, bankruptcies and judgements. These items are assembled by the three main credit bureaus into a credit report, which is available upon request by lenders, employers and anyone else with whom a consumer might do business. Sound Advice For First Time Credit Card Users If you are just entering the world of credit cards, there is important information you will need to know in order to manage your credit and your finances effectively. Establishing good habits and a good credit history now is the foundation for a solid financial future. Understanding Credit Card Penalties Because most of us have one or two credit cards and we use them every day, understanding credit card penalties and fees is a significant issue since one time or another we have paid a penalty for some reason. Every user of a credit card must first understand that every charge on the credit card represent a loan which must be repaid. Identity Theft - Monitor Your Credit Report The recent security breach at credit card processor CardSystems Solutions has many consumers worried. Thanks to a well-placed computer virus, nearly forty million credit card numbers were stolen, and cardholders nationwide are justifiably concerned about identity theft. Ten Steps To Building A Good Credit History Are you thinking of buying a house? Do you want to buy a new car to replace that old wreck? Trying to get insurance on you home, auto, or life? In each of these situations, what's on your credit report will determine if you can get a loan or insurance and what rates you'll have to pay.If you're trying to build or repair your credit history, you have a daunting but not impossible task in front of you. Credit Repair Companies and Credit Counseling Let's be crystal clear, right up front. Paying someone to "fix" your credit is a waste of your time and money, since the negative issues that are temporarily removed from your file will only reappear again in a couple of months. All You Wanted to Know of Bad Credit Martin Henderson is in a fix these days. Because of his failure to repay a loan he had taken a few years back, he has been adjudged as a bad credit case. How to Evaluate and Raise Your Credit Score Why do some people get offers for pre-approved credit cards and others don't? What do car dealers know about your financial health that you don't know? The answer is your credit score.Your credit score is a number generated by a mathematical formula to estimate how likely you are to pay your bills. 7 Surefire Ways To Repair Bad Credit Do you have a poor credit rating? If so, you are one of tens of thousands of Americans with the same problem. In fact, it seems that this has become a national 'disease. Choosing The Credit Card That Is Right For You Credit cards represent an important part of our financial lives. Having the right credit cards is essential and will make a big difference to your finances. The Hazards Of Your First Credit Card You probably don't need me to tell you credit cards are easy to get a hold of; at least, that is so in the US and UK. How many weeks pass without a glossy brochure promoting a credit card popping through your letter box? And that's just your mail; the tv advertising budgets for credit card promotion are enormous, with some famous faces often adorning your screen, smiling beautifully as they tempt you.
|
| Good Credit Loans | home | site map | School Bus Clothing | Florida Pool Heating |
| © 2006 |
