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 | | From: | Chris Gunn | | Subject: | Back in the Black | | Date: | Fri, 21 Jan 2005 09:44:25 -0600 |
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 | Tuesday, April 29, 1997
BACK IN THE BLACK
If you are like thousands of Americans, you have credit problems. Some
credit difficulties are minor, such as making payments late, while others
may be more significant, like bankruptcy. Your financial problems may be
the result of catastrophic illness or the sudden and surprising loss of your
job. Whatever the cause, what can you do when times are tough and debt
collectors are calling?
The Federal Trade Commission has created a series of pages to provide
guidance to consumers on credit problems.
http://www.ftc.gov/bcp/menu-credit.htm
Part one of the site offers advice on how to legally avoid bankruptcy. Part
two explains your legal rights under current federal law and why many
"solutions" you may hear about are actually illegal. Part three outlines
how to avoid the most common scams aimed at people with credit problems.
Finally, part four tells you where and how to get the help you need to
handle your credit problems legally and effectively.
If you are having credit problems, check these pages out. Whatever you do,
don't fall for the promise of a quick fix. It is illegal to attempt to
create a new credit file by getting a second social security number or tax
id number. And the only thing that can remove accurate but negative
information from your credit report is time. Don't believe any company that
claims it can and don't pay in advance for any so-called "credit repair."
When it comes to bad credit, there is no easy or quick fix, but there is
help.
If you have questions about consumer credit or wish to report an incident
involving a credit repair organization, call NCL's National Fraud
Information Center at 1-800-876-7060 or use one of our online forms.
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