Credit Repair Companies and the ECRA » credit cards credit repair http://www.ecraonline.org/blog Credit Repair Companies & Credit Repair Services Consumer Watchdog Sun, 13 Nov 2011 16:11:16 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Cost of Identity Theft http://www.ecraonline.org/blog/identity-theft/cost-of-identity-theft/ http://www.ecraonline.org/blog/identity-theft/cost-of-identity-theft/#comments Sun, 10 Jan 2010 13:47:54 +0000 admin http://www.ecraonline.org/blog/?p=6206 What is the cost of identity theft? Many people wake up one day to find that they are victims of identity theft. Since this has become a very lucrative business, it’s very likely that the number of such people will increase in the near future.

You must take some measure to prevent it. The cost of identity theft is much more than the money siphoned!

It costs you your financial reputation, as your credit score will dip for non-payment of bills for loans that you never knew you had. It costs you your health due to the stress of worrying about how to improve your credit score, and how to pay back the siphoned amounts for which you are responsible unless you can prove 100% that you are a victim of identity fraud – which is often very difficult.

The cost of identity theft also involves your peace of mind. Once bitten, twice shy – you will be scared to work on the Internet for fear of becoming a victim yet again.

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]]> http://www.ecraonline.org/blog/identity-theft/cost-of-identity-theft/feed/ 0 3 Habits That Increase Your Identity Theft Risk http://www.ecraonline.org/blog/identity-theft/3-habits-that-increase-your-identity-theft-risk/ http://www.ecraonline.org/blog/identity-theft/3-habits-that-increase-your-identity-theft-risk/#comments Wed, 30 Dec 2009 01:05:15 +0000 admin http://www.ecraonline.org/blog/?p=6143 bigstockphoto Online Credit Card Fraud 1303887 3 Habits That Increase Your Identity Theft RiskEveryone is at risk, but there are some people who literally invite identity theft! Here are three aspects of your behavior that might invite troubles for you:

1) Shopping online and paying by credit card, without checking for VerisSign at the bottom of the page. Always ensure that the page that asks for your credit card details is encrypted by an approved regulatory body. This is particularly important when you receive promotional stuff in your email.

2) Accepting windfalls through email – it’s lovely to win a lottery, and everybody loves that. However, if you ever receive emails saying you have won a large sum of money for which you need to give them your personal and financial details, be careful. It’s almost certainly a scam!

3) Applying for online loan approval – let’s say you have applied online for any type of loan. They get back to you asking you very personal financial and personal details. Never give any personal details online to anyone!

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]]> http://www.ecraonline.org/blog/identity-theft/3-habits-that-increase-your-identity-theft-risk/feed/ 0 Fixing Your Credit in 3 Simple Steps http://www.ecraonline.org/blog/credit-counseling/fixing-your-credit-in-3-simple-steps/ http://www.ecraonline.org/blog/credit-counseling/fixing-your-credit-in-3-simple-steps/#comments Fri, 11 Dec 2009 17:03:37 +0000 admin http://www.ecraonline.org/blog/?p=6103 Fixing your credit is usually cumbersome and trying. You need to have patience to correspond with the credit bureaus to remove all wrongly-entered negative items; you need to apply a certain amount of financial discipline in your day-to-day life, and you need to make a number of sacrifices. Even so, improvement in your score can take months to show.

Here are 3 steps that make things easier for you:

1. Choose a reputable credit repair agency – use the Internet to find a reliable, trustworthy, and experienced company. Use the reviews available on Net to rate the company, as well as its affiliations and recognitions at the national level.

2. Entrust the task of fixing your credit to this agency – once you have found the right agency, allow them to do their job. Provide them with all the details of your financial situation most accurately. It will not pay to mislead them!

3. Avail of the free counseling this credit repair agency offers – learn about what went wrong and how this can be prevented in the future.

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]]> http://www.ecraonline.org/blog/credit-counseling/fixing-your-credit-in-3-simple-steps/feed/ 0 Quick Steps to Credit Cards Credit Repair http://www.ecraonline.org/blog/credit-repair-general-topics/quick-steps-credit-cards-credit-repair/ http://www.ecraonline.org/blog/credit-repair-general-topics/quick-steps-credit-cards-credit-repair/#comments Sat, 10 Oct 2009 18:01:21 +0000 admin http://www.ecraonline.org/blog/?p=377 The worst trouble with finances in the USA comes from the abuse of credit cards. Most people feel nothing when they charge their credit cards and before you know it, they have a huge debt to pay and hardly any means to pay it! At such a time, instead of paying the bills in full, they revert to paying the minimum amount due, and that’s when they walk into the trap of credit card debt!

After a while, let,s say a year or so, they will realize that the due amount is steadily increasing instead of diminishing, in spite of regular payment of the minimum required amount. Not only that, but their credit score seems to be slipping away as well.

It’s time for credit cards credit repair. This means an intervention to get rid of the credit card debt. The sooner one wakes up to this truth the better!

]]> http://www.ecraonline.org/blog/credit-repair-general-topics/quick-steps-credit-cards-credit-repair/feed/ 0 Credit Cards Credit Repair – 2 Steps to Freedom http://www.ecraonline.org/blog/credit-cards/credit-cards-credit-repair-2-steps-freedom/ http://www.ecraonline.org/blog/credit-cards/credit-cards-credit-repair-2-steps-freedom/#comments Mon, 28 Sep 2009 20:22:35 +0000 admin http://www.ecraonline.org/blog/?p=57 bigstockphoto credit repair 5176794 300x225 Credit Cards Credit Repair – 2 Steps to FreedomIf you are in financial trouble, it’s likely because you have abused your credit cards. Americans have the greatest number of credit cards per person; we are are also the people who have the most bankruptcies due to “plastic money.”

When you find yourself stuck with credit card bills that you cannot pay, take immediate remedial action. The biggest mistake you can make here is wait; every month that passes compounds the interest that you owe, decreasing your ability to pay off the debts even further.

Here’s what you should do:

1. Organize your money to pay all the dues in full. Preferably the money should come from low interest sources such as banks or friends. Remember you are paying about 13% compound interest on the credit card dues. This is HUGE!

2. Debt consolidation is better than bankruptcy. Unless you find a way to pay off the debts, these will soon engulf you and force you into bankruptcy. Do not let this happen.

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