According to Dun and Bradstreet High Risk and Fraud Insight team, there has been an increase of 258% of business identity theft since early 2020, mostly illegally gaining access to the Paycheck Protection Program. COVID-19 has been an opportunity for fraudsters. When thugs are out rioting, looting and burning businesses down, stealing a business identity […]
Personal Credit Tips
Can the CARES Act Deferment Program Help or Hurt My Credit?
When you asked for a deferment during the COVID 19 pandemic, mortgages and other creditors will report this status on your credit report. If you are not seeking new financing but used the CARES Act to assist you during the pandemic to help your credit rating, ultimately the program will protect your credit scores and […]
Helping Consumers and Law Enforcers with Identity Theft
Because of the COVID 19 pandemic, more identity theft occurrences will happen. The most targeted group for identity theft is the 60 plus or better, the Hispanic Americans, ethnic surnames or basically anyone else. Over the past month we had three cases for identity theft. The first two cases were in Naples and the other […]
Common Scams during COVID-19 Fiasco
We highly recommend to enroll in credit monitoring with Experian, Equifax or MyFico, receiving email alerts about your credit file is invaluable, especially if your identity is stolen or you become of victim of a phishing scam. Phony Business Deal This is a new and rising scam as more people have decided to become their […]
Credit Counseling is a Bad Strategy for Your Credit
Most people who seek credit counseling do not have tarnished credit, they just cannot afford carrying over extended debt any further. Instead of seeking legal advice or professional advice from a credit expert or attorney, the consumer seeks a credit counseling company. The credit counseling company will give you the worst advice which is […]
To Credit or not to Credit is the Question…
Welcome to 2020, more business owners are seeking new credit. There are many business owners with blemished credit or who are examining to fine tune their credit scores back into the mid 700s to 800 plus range again. There is nothing wrong of pursuing better scores, a professional business owner always seeks for improvement. For […]