Don't Get Scammed - Top Internet scams exposed!
Thanks for visiting scammer alert! My name is Frank Matthews. On this site I expose the truth about online money scams, and give the straight dope on the legitimate ones. I have been following online money making scams since 1998 and exposing the truth behind them. Over the past 10 years I have explored virtually every money making scam out there.
Learn to avoid Debt Relief and Consolidation Scams
You probably are here because you've seen ads on Google, Yahoo, The Radio, And Television like:
- Affordable Credit Repair, years of Experience, cancel anytime
- Credit Repair Secrets Increase Your Score 125 Points In 90 Days - Guaranteed
- Repair Bad Credit Today! Get Real Results Now!
- Legally raise your credit score 100 points
- We'll repair your credit guaranteed or your money back!
These ads are everywhere. You have undoubtedly seen these ads online, on the radio, and even on TV.
But why are all of these companies spending millions of dollars on advertising? This is a huge market because nearly 1 out of 20 American households have a credit score less than 600. In addition, 1 out of every 100 American households will be forced into bankruptcy, severely damaging their credit files for 7 - 10 years. Because so many hard working Americans have this problem, it is an extremely lucrative business for companies and scam artists that claim to "help" you repair your credit and manage your debt.
Now Here's The Scam
What I found after several hours on the the phone with literally 50 different companies was that they were pretty much debt collectors! These companies are practically owned by the major banks. These companies are paid a percentage of all the money they can re-coup from you, just like regular collection agencies. Don't be fooled, they are not working with your best interests at heart. During one of my phone calls my "debt consultant" advised me to set up a ten year payment plan @ 15% interest on $18,000 worth of debt I supposedly owed. Ten Years! He claimed that would instantly raise my credit score 50 points. I know that is not possible, at all. It was all lies just to get me to sign a new loan at a higher interest rate and longer term.
I know what you're thinking, is it really possible to repair my credit quickly?
If you know where to go. You need the help of an attorney, and a good one. When you are dealing with legal matters let the professionals handle it. There are several law firms that will provide you with all of the assistance you need to consolidate or reduce your debt, repair your credit and increase your credit score. Unfortunately, the majority of people will never get the help they need to repair their credit. A large number of people will get caught in an endless cycle of payments to these so called credit repair companies. This is because 99% of all the companies that provide these services are complete frauds! These credit repair companies can be set up in very little time, and can be shut down just as fast. They all have the same purpose .. making the creditor more money, and in some cases they can make your credit score even worse than when you started. Typically they will get you to sign up for their consolidation loans, and a give you a few phone numbers or web sites for government assistance programs. Then these scammers continue to bill you for their services month after month and make it difficult to cancel their services. This is just the beginning! These companies then sell your information to other credit repair "companies" who will try to sell you other debt consolidation products and services! In the end they are the only ones getting rich .. while putting you even further in debt. This is a huge racket, and it's truly buyer beware.
The typical price for most of these services range from $50-$5000 depending on how much debt you have. But in reality, most of these companies offer you nothing more than:
- Old out dated web site and phone number information
- No real legal representation.
- No help with contacting or negotiating with your creditors, or increasing your FICO score
- No organization, just a few "tips" or "hints" to help you fix your credit
- No customer service or help available, sometimes not even a live person on the phone!
- No refunds. Most of these fly-by-night companies just take your money, and when they get enough complaints they simply close the site and start up a new one. (a common scammer tactic)
- Amateur web sites with broken links, and automated phone systems. (this is a dead give away to a scammer)
- Guarantees to raise your credit score in a just a few minutes (no one can do this!)
- Guarantees to raise your credit score just by making a phone call to them (this is just not possible)
Over the last year I have reviewed 50 credit repair & debt consolidation companies and informational guides. I called their customer service departments, used their advice, as well as doing an extensive background check on the company itself. Out of 50 credit repair services I only found 3 real law firms that specialize in debt management & credit repair! These law firms charge a reasonable fee and provide dedicated paralegal's to help you every day. My first choice is absolutely free, you just pay shipping and handling. This is a great guide to learn the terminology, and the ins and outs of the credit repair process. The guide is only free for a limited time however.
Both of my favorite picks below have an unconditional 100% money back guarantee. These law firms have a good reputation and live up to that guarantee. This is excellent because you can try out their information and services and if you don't like the results they will refund your money. Each of the sites below will notify you of any updates, so you always have the latest information about new credit repair tactics.
Look at my favorite picks below, and decide for yourself. Don't let a poor credit score stand in your way of realizing your dreams. No matter what you want to do, a good credit score can help. Do you want to buy a new home? Do you need a new car? Need to pay for college? Take a vacation? You can repair your credit quickly and make your dreams a reality. As always I will keep you updated on my findings.
Regards,
Frank Matthews
Scammer-Alert.com
Lexington Law Review
Click Here To Visit Lexington Law
Price: $99.95 setup fee, $39.95/mo
Money Back Guarantee: Yes
Review:
Lexington law is far and away the leader in the credit repair business. Founded in 1991, they have successfully removed over 2 million negative credit remarks from clients credit reports. Their fee's are some of the lowest in the industry, and their customer satisfaction rating is the highest in the industry. Unlike other law firms they don't rely on high pressure sales tactics, or unethical marketing campaigns to sell their services. They currently employee 15 attorneys who specialize in credit repair, and attend yearly continuing education classes in order to provide their customers with the best possible service. They also include a no questions asked money back guarantee, if you aren't satisfied for any reason they will issue a 100% refund.
Ovation Credit Repair Review
Click Here To Visit Ovation Credit Repair
Price: $95.00 setup fee, $34.95/mo
Money Back Guarantee: Yes
Review:
Ovation Law's specialized credit repair processes, legal expertise, and guaranteed customer service are unmatched. Unlike some of the other law firms we found, they provide a customized, personal approach to each credit repair case and strive to provide the best customer service in the industry. Each client gets their own personal paralegal to work on their case, and provide a toll free phone number to speak with your paralegal. They are in it for the long run, and provide over 23 years experience in the credit repair business. Ovation Law has the resources, ethical standards, and legal expertise that typical credit repair agencies cannot offer. They fight for you, from start to finish. They are honest and up front with their pricing, and they will never ask you to pay additional fees for extra services.
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