Shares Prices

You may see ads on TV, online, or in the newspaper claiming that your bad credit can be quickly and easily fixed. Don’t fall prey to these scam artists. Avoid companies that tell you truthful information can be changed or erased to improve your credit or that only the credit-repair company can remove old or inaccurate information. These claims are false.

The very moment the company asks you to pay a huge amount of cash in order to repair your credit, start thinking twice. Even if they offer you money back should they fail to do their job, don’t be fooled by that either.

Changing Your Credit Identity

If you have filed for bankruptcy, you may be the target of a credit-repair scheme, often called “file segregation.” It sounds too good to be true – they will ask you if you wish to obtain a new credit identity to erase your old, unfavorable one. However, there is a problem. File segregation is against the law. You could end up in jail or have to pay hefty fines for this.

More Scams To Beware Of

A lot of us want the easiest possible way out of our credit predicament, and this is also where credit scammers come into play.

First, we have credit by phone. Credit scammers often use 900 numbers, or pay-per-call services to market and operate their fraudulent activities. They would promise a sure source of credit or cash if you call the 900 number in question. Customers often end up disappointed, as all they get would be a list of banks that have low interest rates, or a cheap pamphlet on how to improve credit. Consumers rarely end up getting credit.

You can also be scammed with a credit card offer. Beware of promotions for gold or platinum cards that promise to get you credit and build your rating. They may sound like your typical credit card, but oftentimes your card would only be taken at certain stores, and wouldn’t do a thing to help you build credit. And for a giveaway clue that these cards aren’t for real – they will make you call a 900 number to get customer service or additional info. These could really jack up your phone bill.

Finally, be wary of the checking account scam. You would first get a postcard that promises you fast credit card approval and low interest. Here’s where it falls apart – they will request your checking account info as a means of verification. Before you know it, you’ll be getting unauthorized charges to pay for your so-called easy approval credit card account.

Make sure you report these scams the moment you get wind of them, either to the Consumer Protection Hotline or with the Attorney General’s Office. Your bank account and credit card information must be kept safe unless you trust the company you’re dealing with. Don’t be a victim of these credit card repair scams.


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Forex Trading Information And Scams: What You Need To Know

The Forex market is becoming increasingly controversial as person traders complain of scams. There are several various claims made against the large banks and Forex brokers. There are also schemes run by fake companies to steal money from individuals. Forex trading info and frauds are typical so it is a good idea to have lots of high quality info prior to trading in Forex.

The Commodity Futures Trading Commission, CFTC discovered that on average person traders shed fifteen thousand dollars about the market. The market doesn’t create wealth it moves it around so if one individual is gaining another person or company is losing.

In recent years many individuals have been prosecuted for setting up fake brokerages. They promised to use your money to trade within the market but just stole it. This might still be going on so make sure to use a well established broker.

Forex robots have also been used to scam individuals. There are legitimate items out there which many people are using. Nevertheless there have been instances of fake robots becoming sold. You will find people claiming that robots are becoming used by brokerage firms to muscle in on deals. It’s suggested that the brokerages can monitor the activities of robots and see when a trader gets involved in a offer and then they spoil that deal and take the money.

There are a huge number of potential Forex frauds so the greatest thing to do is be armed with info. The CFTC is the body which regulates the market and their website has a lot of information about current problems. You will find a lot of self-styled gurus on the net offering tips and info but you should always cross check info and not just get it from one source as these people could be wrong or deliberately misleading.

Forex trading attracts a lot of person traders because they think it could be potentially really lucrative. However, there’s a whole lot of misinformation and fraud associated with the market. Be careful of Forex trading information and scams.

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