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 […]
First Pro Capital Posts
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 […]
Quick Options to Business Owners from the Impact of COVID-19
The COVID-19 pandemic was unexpected; as a result, businesses are affected the most besides of course public health. Business owners who cannot get financed because of the pandemic or who had to place a hold on their business expansions, short term steps are necessary like quick fixes to help your business continue to run during […]
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 […]