Scams, identity theft and cybercrimes threaten everyone.
Every year people lose billions of dollars to scams, identity theft and cybercrime. No one is immune to these dangers. Young and old alike are victims and if you think you are too smart to become a victim, you are wrong. According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.
The key to protecting yourself from scams cybercrime and identity theft is education and that is where Scamicide.com comes in. Here at Scamicide.com you will learn how to recognize scams, cyber security threats and risks of identity theft as well as how to avoid them. Here at Scamicide.com we also alert you each and every day to the latest developments in scams, cyber security and identity theft and tell you what you need to do to protect yourself. It is a dangerous world out there, but Scamicide.com can help you make it safer.
The Consumer Financial Protection Bureau (CFPB) recently sued Lexington Law and CreditRepair.com as well as a network of their interconnected businesses on charges related to their fraudulent credit repair services. Credit repairs scams are very common as scammers take advantage of people with debt problems and promise to fix their credit and clear their credit report of adverse information. Generally these scammers require the payment of upfront fees. The CFPB complaints against Lexington Law and CreditRepair.com allege, that these companies used false and deceptive advertising and charged illegal fees to victims of their alleged scam
Don’t fall prey to scammers operating phony credit repair companies. and never pay an upfront fee to one of these companies. Advance fees for credit repair companies that operate for profit are banned by the Credit Repair Organizations Act. Negative information on your credit report remains on your credit report for seven years and bankruptcies for ten years. Anyone who tells you otherwise is just trying to scam you. Many of the scam credit repair companies use illegal tactics such as applying for a federal employer ID to use as your Social Security number for credit. This is illegal. If you need real credit counseling you can go this section of the Department of Justice’s website where it lists agencies approved to assist consumers with debt problems. https://www.justice.gov/ust/list-credit-counseling-agencies-approved-pursuant-11-usc-111 You also may consider contacting companies that are affiliated with the National Foundation for Credit Counseling at this link https://www.nfcc.org/
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