Credit National Assist – Is Credit National Assist Legitimate?

Whenever you get a phone call from someone claiming to be from Credit National Assist, make sure that you know what they are attempting to tell you. These people are not legitimate.

If they say that you will be able to get your credit score up and that you can have your debts paid off in just a few months, then they are trying to scam you. They want to get you to pay them upfront or to sign a monthly payment plan. Luckily, there are legitimate credit assistance and credit counseling companies out there.

Scammers target the elderly

Almost every scam is designed to trick older adults into sending money. Some of these scams involve sweepstakes, false promises, and costume jewelry. They also involve unscrupulous companies that falsely claim to be experts in government-sponsored health insurance. They often provide loans with high-interest rates and market ineffective remedies.

These types of financial scams are devastating for older adults. They can leave them with limited resources to recover from their losses. Some victims may have a hard time reporting the crime, or they may feel ashamed and think no one cares about their well-being. Many older adults are unaware of the resources available to them to protect themselves from scammers.

These resources include Adult Protective Services, a social service program that protects seniors from financial exploitation. A number of scams target older adults because of their lack of knowledge about cybersecurity. Scammers can install malware on their computers and steal their personal information. They may also send email messages that appear to be legitimate.

Scammers also attempt to obtain personal information by calling victims. They may claim to be from the Social Security Administration, the Internal Revenue Service, or a tech support company. They may also claim to be a lawyer or doctor. They may threaten to arrest the victim for nonpayment or file a lawsuit against him.

They may also ask the victim to transfer money through wires or overnight services. They may claim to be able to lower credit card interest rates. They may also claim to have a problem with their computer. They may offer to fix the problem for free or charge hundreds of dollars for a free program.

If you believe your older adult is being victimized by a scam, contact the credit card company or your bank. You can also file a complaint with the Consumer Financial Protection Bureau. Scammers target the elderly with Credit National Assist. The National Elder Abuse Fraud Hotline is a toll-free number that allows anyone age 60 and older to report fraud.

They claim to be a debt relief company

Choosing a debt relief company to help you pay off your debts is an important decision. You need to make sure the company you choose is legitimate and offers a genuine service. You also need to understand the different types of debt relief. There are three main types, and choosing the right one for you is important.

Debt settlement companies work with your creditors on your behalf to negotiate a reduced amount. While these companies may be legitimate, they also carry a significant risk. For example, you could be asked to stop paying your bills, which could cause your credit score to tumble.

In addition, the company could encourage you to save up for a lump sum payment, which could also have a negative impact on your credit. Debt settlement companies may also collect fees on top of the amount you pay to your creditors. A typical fee from a debt relief company can range from $1500 to $2,500.

The Federal Trade Commission (FTC) warns against companies that charge upfront fees before settling your debts. Typically, a debt relief company will charge you a performance-based fee. These are usually between 15 and 25% of the total debt enrolled in the program.

A debt settlement company can also collect interest and penalties on your behalf. You might not realize this, but you may end up with a 1099-C form on your credit report, which could result in creditors suing you. Depending on the amount of debt you owe, you could also have to pay taxes on the money you get back.

The FTC also warns against companies that promise to settle your debts. These companies may not be legitimate, and you could end up paying more than you need to in order to get out of debt. A reputable debt relief company can help you make a budget, figure out what you can afford to pay, and negotiate with your creditors to help you get out of debt.

The best way to avoid these types of companies is to do your research. Look for companies that have accreditation from watchdog institutions, such as the Better Business Bureau.

They require you to pay up-front or monthly fees

Depending on where you live, the credit card fee can eat up an estimated $24 billion per year, a figure that is a mere fraction of the pre-pandemic, and on the rise. The good news is that there are some high-touch services like Credit National Assist to help you get on the road to financial freedom. The service can be used to negotiate with your creditors and is free for the first 6 months.

In the ensuing months, you’ll be making payments to National and your creditors. The service can be as simple as writing a check, or as involved as a debt management program. The fee is based on your average monthly payment and the size of your debt.

Some companies require that you sign a contract, while others offer a no-fee option. If you’re not sure if Credit National Assist is the right company for you, don’t hesitate to ask for a free consultation. You’ll find out exactly what you can expect from a debt management plan, and whether or not it is a good fit for your needs.

Legitimate credit assistance and credit counseling businesses are available

Whether you’re trying to pay off your debt or just want to keep an eye on your financial situation, a credit counseling agency can help you achieve your goals. They will work with your creditors to create a plan that will make the repayment process easier.

If you have a lot of debt, they can also help you create a budget that can keep your finances on track. Some of these services also offer educational materials to help you understand your finances and how to avoid debt in the future. It is important to find a credit counseling agency that is reputable and offers free information and sessions.

You should also avoid any organization that requires you to pay for information before meeting with them. If you’re concerned about a potential scam, check with your state’s consumer protection agency or the Better Business Bureau. The National Foundation for Credit Counseling also offers consumer guidance.

Most credit counseling organizations offer phone counseling, as well as in-person sessions. Some will charge a monthly fee for services, but they are often affordable. Whether you want to meet in person or over the phone, it is important to find a legitimate organization that will offer you the help you need.