Tax season is also the season when many check their credit scores. While there are many legitimate websites and services, some are not, and those can damage the entire industry. Credit repair agencies are who people turn to when they need to get their spending in check, pay down debt, and otherwise strengthen their credit score. You do not have...
Data breaches have continually been in the news over the last year. From Target to Neiman Marcus, consumers have been flooded with reports of their sensitive information being compromised. When Target’s POS system was hacked, it instigated consumer rage and a series of Congressional hearings investigating weaknesses in data security. Now in the wake of the most recent Home Depot...
Helping others when they have found themselves with credit difficulties is a rewarding business opportunity. Not only does it allow a way to help others, it can help to pay your bills and overheads too, because you charge a fee for your services. The important areas to consider are how your customers will pay you for your services helping to...
Tokenization is still a varied topic in the payment industry. Some consider it to be a taboo subject, while others are embracing it with open arms. The fact is, only time will tell what really happens with token payments. However, Apple is helping push the argument into the mainstream, thanks to their newly implemented “Apple Pay” system. While not everyone...
With the way the credit industry has suffered these last few years, many are very happy to see new credit repair merchants entering the arena. Consumers are happy as well. Having one smaller bill to pay every month is better than 10 or 15 accounts that will barely see the minimum payment. Credit issuers, whether branded or unbranded credit cards...
How the CFPB Works The Consumer Financial Protection Bureau (CFPB) began operations in July 2011, and takes complaints about a wide range of financial services including credit cards, mortgages, bank accounts and services, private student loans, auto and other consumer loans, credit reporting, debt collection, payday loans, and money transfers. On July 21, 2014, the CFPB announced that it...
Since the economic crisis of 2008 the economy has been slowly recovering. The latest data shows that the economy is continuing to grow and perhaps is getting stronger, coming close to reaching pre-crisis levels. In fact the Credit Default Indices show a decline in default rates. The S&P Dow Jones/Experian Credit Default Indices, which measures the changes in consumer credit...
Credit repair is something that many people get themselves. It is important for people to feel in control of their financial situations. When a person has trouble with bankruptcy, or has damaged credit or outstanding bills they tend to look for way your repair their credit. It can be complicated to begin a new business. There are some businesses that...
Each year the demand for credit repair services increases exponentially as millions of new customers have inaccuracies or poor credit on their credit reports, do not understand the credit reporting system and seek help to improve their credit. Credit repair services have the extensive training and knowledge to help improve the credit of their customers by giving them straightforward answers...
Merchant Account for Credit Repair If you’re in the midst of attempting to set up a merchant account for credit repair, you might be in the midst of tearing your hair out right about now. Credit repair businesses have a notoriously hard time getting merchant accounts – in fact, there are only a handful of providers in the United States...
