Creditglory.com.au Review
Investors Alert Creditglory.com.au. – Regarding fraudulent practices, issues with the registration of securities/derivatives, reporting requirements, and market intermediaries.
Introduction:
Credit repair is a process of improving your credit score by disputing errors and negative items on your credit report. A good credit score can help you get better interest rates, loans, and credit cards. However, not all credit repair companies are legitimate and trustworthy. Some of them are scams that prey on people who are desperate to fix their credit problems.
One of these scams is creditglory.com.au, a website that claims to be a licensed and registered credit repair company in Australia. The website looks professional and offers various services such as credit report analysis, dispute letters, debt negotiation, and identity theft protection. However, if you look closer, you will find many red flags that indicate that this website is not what it seems.
Products and Services:
Creditglory.com.au claims to offer a range of products and services to help you improve your credit score. These include:
– Credit report analysis: The website says that they will review your credit report and identify any errors or negative items that are affecting your score.
– Dispute letters: The website says that they will send dispute letters to the credit bureaus and creditors on your behalf to remove any inaccurate or outdated information from your credit report.
– Debt negotiation: The website says that they will negotiate with your creditors to reduce your debt amount and interest rate.
– Identity theft protection: The website says that they will monitor your credit report and alert you of any suspicious activity or fraud.
However, these products and services are nothing but lies. Creditglory.com.au does not have any access or authority to access or modify your credit report or negotiate with your creditors. They only want to lure you into giving them your personal and financial information, such as your name, address, date of birth, driver’s license number, bank account details, and credit card numbers.
Financial institution & regulatory license:
Creditglory.com.au claims to be a licensed and registered credit repair company in Australia. The website displays the logo of the Australian Securities and Investments Commission (ASIC), the national regulator of financial services in Australia. The website also displays a license number and a registration number.
However, these are all fake and fabricated. Creditglory.com.au is not a licensed or registered credit repair company in Australia. The ASIC logo is stolen from the official ASIC website. The license number and the registration number are either invalid or belong to other entities that have nothing to do with credit repair.
If you check the ASIC website, you will find an alert that warns consumers about creditglory.com.au. The alert states that creditglory.com.au is not authorised by ASIC to provide financial services in Australia. The alert also advises consumers to avoid dealing with this website and to report any contact from them.
Trader’s Reviews and Customer Service:
Creditglory.com.au claims to have many satisfied customers who have improved their credit scores with their help. The website displays several testimonials from people who praise their services and results. The website also claims to have a 24/7 customer service team that is ready to answer any questions or concerns.
However, these are all fake and fabricated as well. The testimonials are either written by the scammers themselves or copied from other websites. The customer service team is non-existent or unresponsive. If you try to contact them by phone or email, you will either get no answer or a generic reply that does not address your issue.
How do online credit repair scams operate:
Online credit repair scams operate by exploiting the vulnerability and desperation of people who have poor credit scores and want to improve them quickly. They use various tactics to deceive and manipulate consumers into trusting them and giving them their personal and financial information.
Some of the common tactics used by online credit repair scams are:
– Creating fake websites that look professional and legitimate
– Using logos and names of reputable organizations or authorities
– Offering free or low-cost services that sound too good to be true
– Asking for upfront fees or payments before providing any service
– Asking for sensitive information such as passwords, PINs, or security codes
– Sending phishing emails or texts that contain links or attachments that can infect your device with malware
– Threatening legal action or negative consequences if you do not comply with their demands
How to Safeguard Against Fraudulent credit repair company:
To safeguard against fraudulent credit repair companies, you should be aware of the signs and red flags that indicate a scam. You should also take some precautions and steps to protect yourself and your identity.
Some of the tips to safeguard against fraudulent credit repair companies are:
– Do your research before hiring any credit repair company. Check their credentials, reputation, reviews, complaints, and contact details. Verify their license and registration with the relevant authorities. Avoid any company that has no physical address, phone number, or email address.
– Be wary of any company that promises to fix your credit score quickly or easily. Credit repair is a complex and lengthy process that requires time and effort. No one can guarantee to remove negative items from your credit report or improve your score overnight.
– Be cautious of any company that asks for upfront fees or payments before providing any service. Credit repair companies are not allowed to charge you before they complete the agreed-upon services. You should only pay after you receive a written contract and a notice of your rights.
– Be careful of any company that asks for sensitive information such as passwords, PINs, or security codes. Credit repair companies do not need this information to access or modify your credit report. You should never share this information with anyone over the phone, email, or text.
– Be alert of any company that sends you phishing emails or texts that contain links or attachments that can infect your device with malware. Credit repair companies do not send unsolicited emails or texts that ask you to click on links or open attachments. You should delete these messages and report them as spam.
– Be assertive of your rights and options. You have the right to cancel any contract with a credit repair company within three days without any penalty. You also have the option to dispute errors on your credit report yourself for free. You can contact the credit bureaus and creditors directly and request them to verify and correct any inaccurate or outdated information.
Conclusion:
Creditglory.com.au is a fraudulent website that claims to offer credit repair services but is actually a phishing scheme that tries to steal your personal and financial information. You should avoid dealing with this website and report any contact from them to the ASIC. You should also be aware of the signs and red flags that indicate a scam and take some precautions and steps to protect yourself and your identity. Remember, credit repair is a process that requires time and effort, and no one can guarantee to fix your credit score quickly or easily.
