I wanted to provide everyone with tips on how we can avoid being taken by the phony free credit report sites. They are everywhere. They send us spam, they pop up in pop up windows, they are on web advertisements. It seems as if it is almost impossible to escape the reach of these phony websites. So I have compiled a few tips from bankrate .com that could protect us from these schemers.
1.If is it free, you shouldn't have to pay. Sounds like common sense right. But many people fall for the trap. These websites claim that they are free but they request your credit card number. As soon as you see this warning sign, run away.
2. Don't respond to ads that come in your junk mail. This is a common way that these phony companies try to reach us. So, it is in your best interest to ignore the junk that does come through your junk mail inbox. Also, ignore the annoying pop up ads. They are all trouble.
3. Also, to reduce the email solicitations, don't give out your email address to these websites. Because the problem would only get worse. The free ones provided by our government do not require us to give our email addresses.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.