FTC Warns Of Credit Scams

Todays Date: May 17, 2011 1:23 PM

You should be up to date of what kind of credit scams there are.  The most common scams that plague our society today are:

• Identity Theft
• Credit Card Fraud
• Companies Wanting You To Change Your Social Security Number
• Companies Wanting You To Lie About Your Credit Information In Order To Fix Your Credit Reports
• Companies Who Do Not Give You There Address Or Make All Their Company Information Available To You
• Companies Who Promise You They Can Delete Everything On Your Credit Reports Even If It Belongs To You
• Companies Who Promise You The Moon, If It Sounds Too Good To Be True 9 Times Out Of Ten It Won't Be True.

Always check a company's information, find out how long they have been on the internet, find out if they have a place where a person can complain or give a rating. Find out if the company has any law suits against them by going to the FTC *Federal Trade Commission Website* You can go to this website and search for almost any company out there and find out about their legal status or if they have lawsuits or other things against them. Back off from these companies while this is an open case since you could lose all money you have given to them. A company with a lawsuit against them is not necessarily a bad company but until they are cleared of any wrong doing you should not put yourself in that situation.

These are very real problems that can affect any one of us.  It only takes a name and number and you can become a victim.  Make sure you keep track of your credit by checking your credit reports often.  You can find places to check your credit reports by going to: www.webhead-ventures-inc.com this website offers a lot of financial information such as links to getting credit reports and credit scores. Links to getting a mortgage loan or auto loan. Links for Bankruptcy help and much more ...

There are good companies out there that really do what they say they will do so YOU have to be the person who decides what company to choose. Good people and good companies are as real as the bad companies and bad people. Be informed and you can use your instincts to decide who best fits your idea of a good ... honest company.

FTC Gives Information About the DO NO CALL program

Make sure you visit the FTC page concerning the Do Not Call law.  There is a place you can fill in your telephone numbers so that they are put on the do not call list.  You can put as many phone numbers as you like.  More information on this is located at: 
DO NOT CALL INFORMATION

NOTE: Many things in life are worth the time and effort you put into them, one of those things would be the way your creditors are viewing your credit reports, they are YOUR credit reports and YOU must take the initiative to keep watch over them. You are allowed a free credit report once every 12 months and you can get a copy of all three reports "Equifax or CSC", Trans Union, Experian" by going to www.annualcreditreport.com

If you would like someone to evaluate them for you send us an email and we will be glad to help you understand the problems on your credit reports and what you can do to solve them.

Many people do not understand that good credit is as important as bad credit, both are used to spit out the credit scores you will be judged on when you apply for a loan of any kind.

If you plan on purchasing a big ticket item such as a home or car then you should be doing all your base work on your credit NOW before you go and apply. All those times you do apply for credit are also affecting your credit scores so you want to get approved NOT denied when you make a decision to obtain some sort of credit.

The interest rates you pay out will be based on those credit scores. If you can increase your scores then your interest rates will decrease and this my friend can save you THOUSANDS of dollars.

Investing in your credit is about the best thing you could ever do, not only to help yourself but your family as well. Saving money in a Certificate of Deposit *CD* or investing in the stock market is no where as lucrative as investing in your credit reports. There is no chances involved when it comes to credit ... when the credit scores go up you win ... when they are low ... you lose and it could happen over and over again when you are stuck in an interest rate that is well above what a normal person would have to pay. You can check figures yourself. If you purchased a home for let's say $200,000.00 and the interest rate is 5% over 10, 20, 30 years post that figure next to the same home purchased for the same price at let's say even 2 points higher interest rate 7%. We not talking about just a few thousand dollars, this is a ton of money and putting that extra money spent on interest in the bank would take care of you for the rest of your life in some cases. So you think about how important credit is, many think they will just pay cash for everything, but unless you are a very rich person (even they need the tax breaks when financing things) you are going to have to have credit! This is our society and it will never change in our lifetime. Our own government has all of us in over a 5 trillion dollar deficit and most of it is owed to China. They are not setting a good example for any of us, but they are showing us how NOT TO BE. Make your credit as important as your children's medical visits or your job since credit is going to be the only thing that will allow you to live the American Dream, even if it's only a simple dream like owning your own home or car.

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