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  Geebo 8:00 am on August 11, 2021 Permalink | Reply
  Tags: advance fee scam ( 45 ), credit repair, Eviction ( 3 ), eviction moratorium ( 2 ), loan scam ( 6 ), real estate ( 127 ), Scams ( 1,368 )   

  In danger of being evicted makes a prime target for scammers 

  

  By Greg Collier

  The Federal Government has extended the eviction moratorium to October 3rd. Not only does this give tenants extra time to try to improve their situation, but it also gives scammers more opportunities to find more victims. Scammers are always looking for victims who are in a desperate situation, and there’s no situation more desperate than the possibility of losing your home. To scammers, it doesn’t matter if you only have a little money to your name. They’ll try to take it anyway. And now they’re trying to take it from those trying to keep a roof over their heads.

  The Better Business Bureau has issued a warning to those looking for any kind of rental assistance. Too many scammers are out there now, offering services that are too good to be true. The scams run from phony credit repair services to ‘guaranteed’ loan services. While there are legitimate credit repair services, consumers need to keep an eye out for repair services that make promises they can’t keep, like removing a bankruptcy from your credit report. And no loan is ever guaranteed. Those who are offering such loans will probably ask for an upfront or advance fee and not provide any service.

  There are also government grant scams to look out for. While there are government grants that provide financial assistance to some tenants, the government will never reach out to you. And again, the grant scammers will ask for an advance payment disguised as processing fees. Real grants require no such fee.

  However, the BBB has been warning about one particular scam lately. In it, the scammers call you to tell you that your loan is approved. They’re hoping that you’ve applied for at least one loan to help improve your situation. The scammers will then say that before they can release the loan money, you need to increase your credit score. All you need to do is wait for $1000 to show up in your bank account then once you send the $1000 back, your credit score will be improved enough to get the loan. The money deposited into your account is fraudulent and if you send it to the scammers before your bank catches the fraudulent transaction, you’re not only responsible for the $1000 but any overdraft fees as well.

   

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  Geebo 9:00 am on February 11, 2020 Permalink | Reply
  Tags: CPN, Credit Privacy Numbers, credit repair, Scams ( 1,368 )   

  This credit repair trick could get you arrested! 

  

  Since the 2008 Financial Crisis, consumer credit repair services have been popping up like weeds. While many of these services do offer legitimate assistance in repairing bad credit, there seem to be just as many who are just looking to take your money. While there are several types of scams that can be committed under the guise of credit repair, we’re going to discuss one in particular that can get victims of the scams arrested. What we’re referring to are Credit Privacy Numbers or CPNs for short. While there are legal uses for CPNs, many credit repair services are misrepresenting their uses.

  CPNs are nine-digit numbers that anyone can obtain if they need privacy for their credit. They are mainly used by celebrities and politicians who need an additional layer of privacy for their credit reports. This keeps outsiders from trying to obtain their credit records by using the person’s Social Security number. CPNs are not a replacement for your Social Security number even though some credit repair services give this impression. It is a federal offense to put any number in place of your Social Security number on any legal form. You have every right to withhold your Social Security number as long as it’s not from a federal agency. However, if you do omit your Social Security number on financial forms, that institution has every right to deny your credit or loan request.

  Some of these credit repair services will try to sell you a CPN claiming that you can use this number on credit applications to hide your bad credit. However, in a great number of cases, these supposed CPNs are just stolen Social Security numbers. They’re usually Social Security numbers that are stolen from children or the deceased. If you try taking out credit using one of these stolen Social Security numbers, there is a very high likelihood that you could be arrested even if you didn’t know the number was stolen.

  [youtube https://www.youtube.com/watch?v=xM3z_iA90lo%5D

  There is no quick fix to repairing bad or damaged credit. If you are looking for a reputable credit repair service you can find a list of credit counseling agencies that have been approved by your state government at the Department of Justice’s website.