Repair Credit Fast Scams Make “Wanna-Believe” Promises While Stealing Your Money!

February 23rd, 2010 Admin Leave a comment Go to comments

Repair credit fast promises and pitches fill my email inbox every day. The pitch promises to cut my debt up to 60%…cut my credit card debt up to 50%…get me debt free in 12-24 months…& return my life to normal.

For heaven’s sake, this is exactly what I want.

I want to be debt free in 12-24 months with a 60% cut off what I owe.

I want my credit card debt cut in half!

I want debt collectors off my back!

I want my life back to normal!

Staring at me in the face is the perfect ad claiming it’s “so easy it’s monkey proof.”

Monkey proof? Huh? Wait a minute! Where’s my brain? Who are these guys making these promises?

Where’s the proof?

How much do you want to bet me these ads are lead-generation ads from an Internet Marketer who’s getting paid on a “cost per action”?

Don’t be the “action” by filling out one of these forms. Please don’t bite on the power words used including “guaranteed” and “completely debt free….”

Be careful now.

Wow, …guaranteed debt reduction by up to 65%!

Completely debt free in 12-30 months & no service fees…!

A better alternative to credit counseling, bankruptcy & debt consolidation? Sounds sooooooooo good, doesn’t it?

You see, this is what lures many people to a bad situation. They “bite” on these hooks, desperately wanting to be debt free.

Why would I (or anyone else) give these guys my personal information…just because they say so?

This is where I’m asking you to pay close attention: Please do not give strangers your personal information until you are 100% certain you can trust them and until you clearly understand what they can (and will) do for you.

Every day, I receive emails and phone calls from people (including members of my monthly newsletter THE BIG EXPLOSION @ Repair Credit Fast wanting to know about these companies putting out these pitch (lead gen) forms.

Click the ‘Read More’ link below to discover how to strip away the hype and scam from the “get debt free” pitch.

CUT THE ‘BLING’ FROM THEIR PITCH

I do not personally know the company or person promoting the ad from the photo above. I get tons of these pitch ads…and they all sound the same. Subscribers send me similar offers, asking me if they’re legit.

There is no way I physically can check every pitch ad…way too many opportunists out there to monitor.

You see, I rely on you to share your run-ins with these guys. On the other hand, if you’ve worked with a good one that’s legitimate, upfront & effective, please share the company’s name.

Not long ago, I received the following email asking for help. A grandmother fell victim to a “debt consolidation” company promising debt help.

Far from help, this debt “help” company forced a grandmother’s son to step in on her behalf after a “debt help” company promised to help.

Grandmother’s Son Asks For Help…

Dear Sirs,

I’m writing you on behalf of my mother, who desperately needs some guidance.

Unfortunately, I’m of little help in credit matters.

My mother, who’s made some poor financial decisions, has worried herself sick over this one.

To try to pay her debt, she enrolled in a debt consolidation program, believing they would help her gain control as she paid off her debt.

It’s been 8 months at $620 a month since she started, and she has never received a response to her repeated requests for an update. She now has faxed and emailed them out of frustration.

According to my mother’s plan, she must pay $620 a month for another 16 months.

After repeated calls and emails, my mother finally received a call from them. She’s paid them $4,960.

We were shocked to hear that almost $2,000 of it has gone toward paying their “fees.”

For what?

To be continued….

Before you ever fill out one of these lead-generation forms, you need to ask a few questions:

Who are you? You need to know what kind of “track record” they have.
Are you licensed, bonded & in good standing with “trust” organizations such as the Better Business Bureau?
How can you prove your testimonials are real?
What exactly will your program do for me?
What exactly does their program cost? NOTE: always remember that nothing is free!
What is your main strategy? Debt MANAGEMENT? Debt SETTLEMENT? Debt CONSOLIDATION? CONSUMER CREDIT COUNSELING? You need to know.
Who pays you so that you’re able to provide this service?
What is your overall strategy for helping me?
How do you report me to creditors, collection agencies, and/or credit reporting agencies if I choose to leave this program early?
Specifically, what should I expect from this program?

Consumer Credit Counseling?

Debt Management?

Debt Settlement?

Debt Consolidation?

What is your experience with any of these companies? Have you talked with any of these guys? Were they doing a hard-sell on you? As with credit repair companies, I’m researching legit debt help companies, since I kep getting more and more questions for a “good” one.

Have you had success with a debt help company? If so, I want to hear from you. Please share your experience and/or comments in the box below.

Repair credit fast pitches might just catch your attention for a moment, but please be careful about handing over your personal information and money. You absolutely must check them out. Are they legit? How do you know they’re legit?

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Financial Freedom Expert