How to recognize a credit repair scam


You see the advertisements in newspapers, on TV, and on the Internet. You hear them on the radio. You get ads in the mail, and maybe even cold calls offering credit repair services. They always make the same claims:

"Credit problems? Not a problem!"
"We can easily remove all your bankruptcies, tax liens, judgments and bad loans from your credit file for ever!"

We can legally erase all your bad credit - 100% guaranteed.

Get a new credit file overnight - all legal.

It is not too good to believe these claims: they are very often signs of a credit repair scam. Some professionals even state they have never seen a legitimate credit repair company trying to make those claims. The fact is there is often not a quick fix for credit and creditworthiness. You can actually improve your credit report legitimately, but it takes some time, a conscious effort, and also sticking to a personal debt repayment plan.

Warning signals that should alert you on a Credit Repair Scam

Many times, firms target uninformed victims who have bad or no credit histories with promises to clean up their credit report so they can get a car loan, a home mortgage, insurance, or even a job once they pay them a fee for the service. The truth is, these firms cant deliver an improved credit report for you using the tactics they promote. No one is allowed to legally remove accurate, but fatal information from somebody's credit report. So after you gave them over thousands of dollars in fees, you are often left with the same credit report and they have your good money.

If you analyze a credit repair offer, here is how to tell if the organization or firm behind it is criminal:

The service company does not tell you your rights and what you can do for yourself for free.

Payday Loans: Your Stimulus Package


Everywhere you turn these days, you will probably hear about the stimulus package that the new president of the United States has been trying to initiate. This is something that might just help the country's ailing economy. Although there are different opinions on the stimulus package - opinions of experts who probably know what they're talking about - the general idea when it comes to a financial stimulus package is that it is a positive thing; that it would hopefully jumpstart a string of positive events; that it would generate hope in those receiving the stimulus package.

Unfortunately for us, we are not in America; neither are we part of those people in Wall Street who will be benefiting from the stimulus package. But what if I told you that there is something that can function as a stimulus package for yourself? Yes, payday loans can function in a much similar kind of way - by giving an individual a certain amount of money to work with until the money that he is expecting in the near future arrives.
So how can you get your very own stimulus package? Let your fingertips do the work. Since you're reading this post, you are already online. All you need to do is extend your online trip just a little bit more by doing a search online. You can use key phrases such as "payday loan," "fast cash loans," and the like. I prefer "payday loan" coupled with the area that I am located in. This will help narrow down the choices to payday loan lenders that operate in your area.

Once you have found a payday loan lender that you want to borrow money from, all you need to do is apply for the loan. They have the application form available in their web site. Filling this up will only take you a few minutes at the most. And once you are done, you just click on the SUBMIT button. Naturally, you will have to wait till they see your application and get back to you. This will only take an hour or so, the hour being the usual waiting period.

The good thing about payday loans is that the applications are almost always approved. There are only 4 general requirements that you have to pay attention to. These are as follows:

1. resident or a citizen of the United States
2. at least 18 years of age
3. have a current bank account
4. have a regular source of income.