Most people do not really understand the full implications of bankruptcy. The reality is that bankruptcy is not a new bed of roses, although someone in deep financial troubles can perceive this relief as such. First of all, not everyone will qualify for bankruptcy. After the bankruptcy laws were amended in 2005, there were many [...]
It is a myth that bankruptcy solutions will cover all financial problems. There are many debts that bankruptcy will not resolve. Before you declare bankruptcy, you need to be aware, which of your debts will not be covered under bankruptcy relief. Some debts that will not be covered are: 1. Student loans – This loan [...]
When you are trying to repair your credit score in a hurry, you tend to believe all promises made as they seem to offer you exactly what you want. Beware of such false promises because these are tell- tale signs of credit repair scams. Here are some common tactics used to defraud vulnerable consumers: 1. [...]
Are you aware of the severity of credit card fraud? There are an estimated 1 trillion credit card holders in the world today – as this is the most convenient way to shop in this technological age. Credit cards are used for a large gamut of services – not only for buying goods and services [...]
With identity theft on the rise, a few agencies conducted inverted analysis that looked into the cost of identity theft. What does it cost to set up an identity theft company? The results were shocking to say the least – the cost comes to $30-$300. This is all it costs to set up a fake [...]
The identity theft business is a thriving business! There are millions of dollars mulched every year from mostly small and medium size businesses because these are the businesses that do not have adequate guarding systems put into place. The common mode of operation is simple. Send a virus-laden email to the account officials of the [...]
Did you know that there is insurance against identity theft? As millions of people are falling victim every year to this crime, new measures to protect consumers from such tragedy are emerging. It is now possible to get identity theft insurance. The provider of this type of insurance will reimburse victims up to $1,000,000 of [...]
There are about 9 million Americans who fall victim to credit theft every year; and the number is growing steadily. This type of theft is when your name and your social security number are used to avail loans, or when your credit card is used in an unauthorized manner. This has become a “business” today [...]
I have seen many ads for credit repair services and some of them are beyond preposterous. They scream credit repair fraud in capital letters, but even so, people pay attention to them and many even believe them. Some examples are, “We can make your negative entries disappear”, “Guaranteed jump in credit score”, “Bankruptcy can be [...]
Are you looking for ways to prevent identity theft? Unfortunately, there is no foolproof method to do this. However, you can reduce the possibility of being victimized by this type of crime if you take the following very simple measures: 1. Never leave the ATM stubs in the ATM booth. If you do not need [...]
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