Tag: credit repair

NJ Identity Theft Victims Offered Help With Credit Repair Process

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Identity Theft topped the Federal Trade Commission’s list of consumer complaints in 2010, accounting for 19% of the 6.1 million complaints received, and 2011’s totals are expected to be even higher.

ID theft is now an estimated 37 billion dollar crime. Victims of identity theft can face out-of-pocket costs of $3,000 or more plus be left with hundreds of hours fighting creditors.

Most cases of credit card fraud involved misuse of existing credit card or other accounts, while 1.8 million found that new accounts were opened, or other frauds were committed, using their personal identifying information.

How does ID theft affect the average victim?

  • 47% have trouble getting credit or a loan as a result of identity theft
  • 19% have higher credit rates
  • 16% have higher insurance rates because of identity theft
  • 11% have had a negative impact on their ability to get a job
  • 70% have trouble getting rid of (or may even never get rid of) negative information on their credit records
  • 40% have experienced stress in their family lives as a result of displaced anger and frustration over the identity theft

The odds of becoming an identity theft victim increase considerably if you are a young adult or a small business owner. The reason people in these demographics tend to be more exposed to identity thieves based on the normal behavior they need to engage in to survive in today’s world.

Young NJ adults, especially those away at college, are likely to use shared library or dorm room computers. New Jersey small business owners tend to complete financial transactions by mail or over the Internet, often using their personal accounts and home addresses to aid in processing them. More than 1 out of 3 businesses have been hacked by thieves putting your personal information at risk.

  • 29.1% are Medical/Healthcare,
  • 16.2% are Government/Military,
  • 10.5% are Banking/Credit/Financial,
  • 9.2% are Educational institutes.

These are types of companies we all use every day.

It makes sense to trust an experienced firm like Better Qualified, LLC to follow up so you know you are covered.  Even if you are a victim who has been offered help by a company that has had its accounts hacked by thieves, you should consider hiring someone to represent YOU.

If all this concerns you, contact us today to learn more about BQ IDShield, identity fraud services.

How Bad Credit and Employment Go Hand-in-Hand

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Better Qualified, a leader in credit repair services, says potential employers may turn down job prospects because of bad credit scores. Many consumers may not even realize that employers have the ability to access the credit history of applicants and current employees, adding to the importance of credit repair in today’s rocky economic and unemployment climate.

Applicants have the right to know if they were denied employment as a result of a third party report, such as a credit history report, as required by the Fair Credit Reporting Act of 1970 (FCRA).  Unfortunately some applicants may not inquire as to the reason they were denied employment, and some employers may never tell.

The Society for Human Resource Management conducted a study in 2010 and found that 35% of employers were pulling an applicants’ credit as a condition of employment.  This startling figure proves that bad credit can hinder a person’s success in many areas of their life.

Credit Repair Services Can Improve Employment Success

With unemployment numbers at an all time high, hidden roadblocks to potential jobs could have devastating consequences for consumers.   Better Qualified offers a suite of credit repair services aimed at improving and restoring bad credit scores. Not only do their credit repair services aid consumers in obtaining mortgage loans and car loans, they can also help improve an applicant’s employment success rate.

Paul Oster of Better Qualified is quoted, “We firmly believe that credit history should not be used as a factor of employment.  We believe that these decisions should be made based on an applicant’s qualifications. But unfortunately, the reality is that credit history is being pulled by employers so this is one more reasons that consumers with bad credit should carefully consider a repair program.”

The most popular credit repair program offered by Better Qualified is the Freedom Package, a comprehensive six-month program that includes credit repair services, identity theft protection, education and much more.  This popular program has helped thousands of consumers with bad credit and the company’s superior customer service has earned them an “A” rating with the Better Business Bureau.

During the credit repair program, consumers learn how credit reporting works and how to make better credit decisions in the future.

Bad Credit Scores Can Be A Result of Erroneous Information

According to Better Qualified, many bad credit scores are a result of erroneous information on a consumer’s credit report. The Public Interest Research Group (PIRG) conducted an independent study and found that 79% of credit reports surveyed contained either serious errors or other mistakes of some kind. These mistakes can cost consumers hundreds or even thousands of dollars a year in lost wages and interest rates.

“This is where a credit repair program can produce highly effective results,” says Oster.  “We can challenge all disputable information on a credit report and have any erroneous information deleted.  Just removing false reports can have a great impact on someone’s credit score.”

Consumers who would like to learn more about the credit repair services at Better Qualified can call the company at (888) 533-8138.

Consumers With Bad Credit Get Help Obtaining Mortgage Loans from Better Qualified

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Better Qualified, a leader in credit restoration services, helps consumers with bad credit obtain mortgage loans. The comprehensive credit repair program helps consumers gradually improve their score so that they can be qualified for a regular mortgage loan instead of a bad credit mortgage loan. But first, most customers go onto websites like freecreditreport.com.au/brisbane-queensland-qld/ to acquire their credit report to know their credit score.

The rules of lending are much more stringent today then they were a few years ago.  Many consumers with low credit scores are now unable to qualify for a mortgage loan.  Individuals who want to avoid the high interest rates of a bad credit mortgage loan can improve their credit score with the help of companies like Better Qualified, after they get their credit in order, they can seek the best loan programs.

Their most popular credit repair program is the Freedom Package, a comprehensive six-month program that includes their credit repair services, identity theft protection, education services and much more.  This popular program has helped thousands of consumers with bad credit and the company’s superior customer service has earned them an “A” rating with the Better Business Bureau.

Credit Repair Program Teaches Consumers How Credit Reporting Works

During the credit repair program, consumers learn how credit reporting works and how to make better credit decisions in the future.

According to Better Qualified, many consumers have erroneous information on their credit report that is hurting their score.  The Public Interest Research Group (PIRG) conducted an independent study and found that 79% of credit reports surveyed contained either serious errors or other mistakes of some kind. These mistakes can cost consumers hundreds or even thousands a year.

Better Qualified takes a time tested, legal approach to restoring bad credit. The company will challenge all disputable information on a credit report and will work to have any erroneous information deleted.

To see some of the incredible results achieved through the Freedom Package from Better Qualified, visit their credit repair testimonials page.

5 Simple Facts about Credit Card Debt

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by: Janna Weiss

Wherever there are credit cards, it seems that tales of identity theft and unmanaged debt are always lurking nearby.  But it’s entirely possible to have a credit card – or several – without carrying an unhealthy load of debt or worrying about your identity being stolen while using it online. Fo identity protection, you can use the Fully-Verified’s services and instead of using a photo verification, use video verification to ensure complete security. Plenty of people do just that. Here are five facts about credit card debt that can help you use your own credit cards to your advantage – not to your detriment.

Debt Isn’t Necessary

When you open a credit card account, don’t assume that debt is just a part of the package. Debt is sometimes the result of unfortunate accidents or emergencies, but most of the time it can be controlled. To keep yourself out of debt, use your credit card the same way you would use cash. Set a spending limit, and don’t spend more than you can pay back at the end of each month. Cardholders who pay off their balances each month keep a good credit history with little or no debt. Problems arise when you start carrying a balance from one month to the next.

Debt Will Sink Your Credit Score

If you owe too much, creditors will notice, and they’ll be reluctant to lend you more money. To them, a high debt-to-credit ratio is the sign of undisciplined spending. Make sure not to utilize more than 25% of the available credit on any one card.

Debt Has Other Consequences, Too

Besides driving down your credit score, debt can result in litigation and the garnishing of wages. The laws vary by state, but it is possible to be taken to court over unsecured debt such as credit card balances. Having a judgment against you will look bad on your credit report, and may result in creditors garnishing your wages or seizing your property. You Can Settle for Less

There are plenty of stories of people who settled their outstanding credit card debt for a percentage of what they actually owed. This is possible, but it’s not something that should be taken lightly. First, most creditors will require you to be months behind on your payments before they will negotiate a deal. Be prepared to offer them a lump sum, and don’t expect this strategy to work more than once with the same creditor. Finally, be aware that all of your forgiven debt can be reported and taxed as extra income.

Credit Card Purchases Can Be a Good Thing

It’s important to know when a credit card purchase will be beneficial. For example, you can use credit cards as a short-term loan to help cover the costs of moving, or to buy items that you truly need, but don’t have the cash to cover. Set up your own repayment plan, and stick to it. Repaying the balance over three months won’t cost you too much in interest, but drawing out the repayment over three years would be very costly!