Avoiding Scams - The Credit Repair Organizations Act - CREDIT FRAUDFree Credit Report Directory. Find free credit report providers, learn the importance of checking your free credit report annually |
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| TODAY'S SAVING TIP No. There are certain kinds of information in your credit report that employers are not allowed to see. They are allowed to see information about payments on your loans and credit cards—but they are not allowed to see your account numbers. They are ... Read more | |||||||||
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CREDIT FRAUD: Avoiding scams - the credit repair organizations actBy law, credit repair organizations must give you a copy of the "Consumer Credit File Rights Under State and Federal Law" before you sign a contract. They also must give you a written contract that spells out your rights and obligations. Read these documents before signing the contract. The law contains specific consumer protections. For example, a credit repair company cannot: make false claims about their services; charge you until they have completed the promised services; or perform any services until they have your signature on a written contract and have completed a three-day waiting period. During this time, you can cancel the contract without paying any fees. Your contract must specify: the payment for services, including their total cost; a detailed description of the services to be performed; how long it will take to achieve the results; any guarantees they offer; and the company's name and business address. ADDITIONAL CREDIT FRAUD RELATED FACTS What Should You Do If You Lost A Credit Card? What Are Fraud Alerts And Victim Statements? What Is "pretexting" And How Does It Relate To Identity Theft? Don't Fall For Offers That Guarantee To Get Your Credit Guard Against Identity Theft Avoiding Scams - Ads Promising Debt Relief May Be Offering Bankruptcy Can I Submit My Complaint Anonymously To The Ftc? |
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