Can Cost You Advance fee loans, credit repair schemes and zero percent financing could all be hazardous to your financial health, according to Attorney General Jim Doyle. Credit repair schemes offer the opportunity to improve your credit rating, even if you have declared bankruptcy. But these schemes only add insult to injury. If you have credit problems, credit repair can't be bought. Lifestyle changes, time and good financial advice will help improve your credit situation.
Con artists know how to hook people when they are vulnerable.
Advance fee loan scams tend to target unemployed persons, people with poor credit and businesses trying to stay afloat. After you send the money, the company is never to be heard from again. Protect yourself when it comes to loan brokers and credit repair schemes. Don t pay any fees up front. Be careful about making loan agreements over the phone.