If you're looking to improve your credit, be wary of credit repair companies that make big promises but deliver little results. While some companies operate legally, many take advantage of consumers by charging high fees for services you can often do yourself for free. Red Flags to Watch For: 🚩 "Guaranteed results" or promises to erase negative credit history – No company can legally remove accurate negative information from your credit report. 🚩 Upfront fees before any services are performed – Charging before services are rendered is illegal under the Credit Repair Organizations Act (CROA). 🚩 Asking you to create a new identity or dispute accurate information – This is fraud and could lead to legal trouble. 🚩 Pressure to sign contracts quickly without reading the fine print – Always take your time to review agreements carefully. 🚩 Lack of transparency or refusal to explain your rights – A legitimate credit assistance service will educate you about your credit rights. What You Can Do Instead: ✔ Check your credit report – Get a free report from AnnualCreditReport.com (https://www.annualcreditreport.com) and review it for errors. ✔ Dispute inaccuracies yourself – You can dispute incorrect information directly with credit bureaus for free. ✔ Pay down debt & make timely payments – The most effective way to improve your credit is by managing your finances wisely. ✔ Work with a nonprofit credit counseling agency – Organizations like the National Foundation for Credit Counseling (NFCC) offer legitimate credit guidance. Know Your Rights Under the Fair Credit Reporting Act (FCRA) and the Credit Repair Organizations Act (CROA), you have the right to: - Dispute inaccurate information for free - Receive a written contract before services begin - Cancel a contract within three days without penalty ⚠ Before working with any credit repair company, do your research! Check online reviews, complaints with the Better Business Bureau (BBB), and reports from the Consumer Financial Protection Bureau (CFPB). If you have any questions about credit and homeownership, I’m here to help! Contact me, Realtor Kay, with any questions you may have or to obtain a CMA or (954) 882-1864 Comments are closed.
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Your dedicated agent Kay (Keyla) Pedre, GRI, SRS UNITED REALTY GROUP REALTOR® www.REsouthFLORIDA.com Text for fast response: (954) 882-1864 About Kay: She has earned the coveted Graduate, REALTOR® Institute (GRI) designation, and other certifications. Kay begins by truly understanding her clients’ vision, recognizing that every person, property, and transaction is unique. She is committed to delivering personalized service with professionalism and attention to detail. As an active and knowledgeable realtor, Kay has a deep understanding of her market and is dedicated to guiding clients through every step of the process, ensuring a smooth and successful experience. Her reputation is built on integrity, care, and a genuine passion for helping others achieve their real estate goals. What sets Kay apart is her ability to navigate both residential and commercial real estate with expertise. Plus, she offers seamless service in both English and Spanish, making her an invaluable resource for a diverse range of clients. When you work with Kay, you can trust that she will go above and beyond to deliver the results you expect. Mi casa en Florida. Necesita hablar con alguien experto en bienes raices? Llamenos hoy: (954) 882-1864 Email [email protected] TEXT OR CALL number: 954-882-1864 RESOUTHFLORIDA.com | ALL RIGHTS RESERVED |
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