How To Avoid Credit Repair Scams for Las Vegas Home Buyers

Home buyers with low credit score but interested in qualifying for a mortgage for Las Vegas homes
should
prevent getting involved with a credit repair scam. A company that claims that
they can fix your credit can be a scam.

A growing number
of credit repair scams are popping up nationwide. These “businesses” make
false claims and demand money for every fake transactions. They claim that they
will be able to clear a credit line of negative reports. Instead of making this
mistake, and probably worsen your credit scores, prospective buyers of Las Vegas homes should probably
avoid any sort of company making those deceitful promises.

Gail
Cunningham, spokeswoman for the National Foundation for Credit Counseling
advised, “Why pay for something that you can do for yourself for free? If
rebuilding credit, know that time is your friend, as the farther you move away
from the financial distress, the less negative impact it has. Follow with
responsible behavior with your new credit, and you’ll soon have a solid credit
file.”

Tips
on how to recognize credit repair scams:

Exaggerated proposals. If a company is assuring you that their
services are “guaranteed” to work, this can be a scam. Especially if they
insistently offer that they can remove any negative information from your
credit report. Be wary and suspicious of these exaggerated offers.

Demanding payment before the result. Beware of companies who require you to pay
upfront before they even have accomplished anything. It is illegal to charge in
advance, especially for credit repair companies. Avoid this kind of demands.

Avoid sketchy tactics. Do not accept shady claims. If the company
offers you new Social Security numbers or Personal Identity numbers, then it is
wise to pass that offer. That is against the law. You might not want to worsen
the situation of having a negative report in your credit card score by getting
charged of participating in such illegal activity.

Linked with the government. If you receive e-mails or phone calls
offering government-based credit repair services, then you should be alarmed
that this information is bogus. There is no program in the government that
sponsors credit repairs. Do not be fooled if it sounds overly official when
they try to connect their “businesses” with state or federal programs.

Save all
your receipts as proof of payments for every transaction. If you feel that you
are a victim, you must demand a full refund at once. If you are not granted of
refund, you may report the company to the Federal Trade Commission, the Better Business Bureau or your stage
attorney general. Homebuyers can possibly regain their positive score by
themselves in just a matter of time before going ahead and purchasing Las Vegas homes.