Directory of debt consolidators and debt consolidation information. Browse listings to find companies that specialize in providing clients with business debt relief.www.business.com/finance/debt-consolidation/
Business directory to 401k rollover information and advice.www.business.com/finance/401k-rollover/
Retirement industry advisers and consultants.www.business.com/finance/retirement-consultants/
Companies that provide retirement plan benefits, including 401k plans and pensions. Get information on corporate retirement plans, or how to offer retirement benefits for employees.www.business.com/finance/retirement-plans/
401(k) plans allow employees to save for their retirement by contributing a portion of their wages to an individual account. Employers can also contribute to 401(k) plans in the form of employee benefits; be sure your 401(k) vendor can manage your employees’ investments wisely.www.business.com/finance/401k/
Learning about 401(k) plans key terms is a good place to start if you're considering starting up a retirement fund for your employees. From automatic enrollment to matching, after-tax and pre-tax contributions, 401(k) plans have several terms you may want to know before beginning one of these programs. Read More »
The 401k plan grew from a little known tax code loophole--which is where the 401k name came from--to the most common way workers invest for their retirement. This industry possesses trillions of dollars in allocated 401k retirement plan contributions. Read More »
For individuals that are coping with a bad credit score, hiring the services of a credit repair company may seem like an attractive option. With promises of raising credit score and removing negative information, it is understandable why many engage in credit repair services. But before purchasing a service, consumers should make sure that the service is reputable and reliable. There are a number of fraudulent credit repair services that take advantage of customers; therefore, individuals need to make sure that their rights are protected. To find out about consumer credit, the Consumer Credit Protection Act details the rights of the individual.
What to Watch Out For
There are a number of fraudulent credit repair services that seek to take advantage of individuals that are deep into debt. When looking for a credit repair company, one of the first steps that the consumer should take is to examine the services offered. In general, customers should watch out for companies that offer to completely eliminate negative points on a credit report. Individuals should recognize that no company can remove negative information from a credit report. Other companies may offer guarantees such as “increasing a credit score by X amount of points” or “lowering interest rates”. However, a company that makes these claims is engaging in unfair business practices, and should be avoided.
In addition, customers should also avoid credit repair services that make fraudulent claims. An indicator of a bad service is whether the company makes guarantees and promises that are too good to be true. Watch out for credit repair service companies that refuse to provide a contract or direct contact with a representative. Another tip for consumers relates to pricing; customers should never agree to pay for a service upfront until they obtain a contract or a written guarantee of the services provided. By watching out for the following signals, customers can protect themselves against companies that provide poor credit repair service.
Tips for Choosing a Credit Repair Service
The law requires that the credit repair service provides the customers with a written contract detailing the services provided, the costs, and the timeline for completion. Customers should make sure that they obtain this information before signing onto a contract. When finding a reputable credit repair service, individuals should watch for the following factors:
Experience and Longevity:
The amount of experience can be a good indicator of the reliability of a credit repair service. A good company has been in the business for a fair amount of years, in comparison to fraudulent, short-lived scammers. In addition, they have a good understanding of the different strategies that work for each case. Therefore, customers should look for a credit repair service that possesses a large client base and is relatively established.
One way to determine whether the credit repair service is credible is to check whether they are registered with the Better Businesses Bureau. Conducting a search through the BBB’s database can give you an idea of whether a credit repair service possesses a positive or negative reputation.