Monthly Archives: February 2022

The Top 10 Scams to Watch Out for This Valentine’s Day

As with all occasions and holidays, St Valentine’s Day is a great opportunity for scammers to do their work. Here are 10 scams to watch for not just on that date, but at all times.

Identity Theft

There are so many possibilities when it comes to identity theft scams as we blithely share information online that gives away a lot about us. In fact, it’s perhaps best to say that it will happen to you in some form during your life. Just be careful what you share, and who with.


A famous and prolific scam, phishing is where unscrupulous persons try and get information out of people using social media. Those ‘questionnaires’ you see on Facebook that look like a bit of fun? Take a step back, as they are usually mining information.

Loan Scams

Persons with bad credit are a target for scammers, and if you’ve been looking for a loan – perhaps to take your other half away for a Valentine’s break – you will have seen many ‘guaranteed loans for bad credit.’ Walk away from them, as 99 out of 100 are not real lenders.

Fake Websites

Before you buy that item, you’ve been looking for at a knockdown price, remember this: if it looks too good to be true, it probably is. There are many fake websites offering all types of products, so look for the padlock icon and check the status

Credit Card Scams

That email or SMS – or even a phone call – saying there is an anomaly on your credit card is likely to be a scam. If they ask for your account details don’t give them, and certainly don’t give them your password or even a hint.

eBay Scams

eBay is a great pace to shop for bargains, and there are many new and used items for sale that are entirely genuine. However, it’s also a hotbed for scammers as it is difficult to tell the genuine sellers from the fake offers. Always check feedback and ask the seller a question about the item.

Credit Repair Scams

Credit repair companies exist that can help you with your credit rating, yet this is a market that is rife with false claims. Always research the company carefully and use one of the many searches that tell you the authority of a website.

Debt Collection Scams

You get an email about a debt that you shouldered years ago, but you don’t remember it. These can be quite frightening and intimidating, and often the temptation to pay a usually small amount is too much. Don’t, as the debt more than likely isn’t real.

Fake Products

This one goes back to the ‘if it’s too good to be true’ adage. A Rolex for $100 is never going to be a genuine Rolex. It’s a simple as that.

Fake Competitions

Finally, Facebook and social media are full of fake competitions in which you will win nothing, but give away your address, email, phone number, and probably have to set up an account with a password – a password you use elsewhere.

Be vigilant and enjoy your Valentine’s Day.

The Pros and Cons of Paid Credit Repair Services

A poor credit score can be a hindrance when it comes to getting a loan. Perhaps you need a mortgage for a new house, or you want to buy a car or book a holiday? A poor credit score will either increase the cost of your loan vastly or mean you are not eligible for a loan. There are ways to repair a poor credit score. Credit cards designed especially for the purpose are available, but again, not if your score is below a certain amount. We want to talk about companies that you pay to repair your credit score, so let’s see what they are all about.

What is a Paid Credit Repair Service?

Put simply, there are companies that are finance housed dedicated to helping people with poor credit scores get back into the lending arena. They charge a fee for doing so but can be surprisingly effective. Most of us are not finance wizards, after all, and may not be aware of the methods required to get credit back on track. But are these paid services worth using? Let’s have a look at the pros and cons of using such a service.

Advantages of Paid Credit Repair Services

Before we list the advantages of using paid credit repair solutions you might want to check out this YouTube video that covers the subject in some detail. So, what are the benefits of using paid credit repair services? Here are the main pros:

  • Credit repair services may be able to help you reduce your score more quickly than trying yourself. They know what it takes to achieve the aim and will guide you through the process with expertise.
  • These companies will get to the root of what is causing your poor credit score and set about rectifying that. If you are unsure where to begin, they will be able to point you in the right direction and get the ball rolling.
  • It can be daunting thinking about your poor credit score and it’s something you likely have been putting off, so talking to a credit repair company will give you the confidence to begin.

Now to the potential cons involved.

Disadvantages of Paid Credit Repair Services

Using a paid credit repair service is not for everyone, so here’s our list of the potential pitfalls of using such a service:

  • The cost maybe excessively high and paying a monthly fee may simply add to your debt.
  • It can take many years to fix a poor credit score hence it will cost a lot of money.
  • You can do it yourself by looking at ‘How to’ guides on YouTube and online.
  • There are many scams in the industry that are easy to get fooled by.


Are paid credit repair services worth using? Each case must be treated individually, so we recommend that if you are looking for ways to repair your credit you talk to a reputable company in the first instance and see what advice they can offer you.