Monday, January 14, 2013

Consumer Alert: The Biggest Credit Repair Scams Preying on Consumers Today and How to Avoid Them, a New GoBankingRates.com Report

[...] an April 2012 report titled ?Are They Credible?? from Robert H. Teuscher, researcher for the St. Louis BBB, states that although consumers pay credit repair companies an average of $816, 85% of the complainants said ?no services? were provided by the companies. [...] the report goes on to state that, ?Consumers seeking help from BBBs to resolve their credit and debt problems with a multitude of companies have increased more than 800 percent in five years, from 930 in 2006 to 8,070 in 2010.? http://www.GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information. Additionally, GoBankingRates.com partners with a number of major media outlets such as Business Insider and US News & World Report to provide compelling and edifying personal finance content, and its expert editors have been featured and quoted on several premier finance websites like Yahoo!

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