Esteemed Judgment, Debt Attorney Abel L. Pierre Joins The Credit Repair Experts at Better Qualified

Abel L. Pierre Brings a Decade of Practical & Legal Experience and Combines that with Over 40 years Case Law to Bolster Consumers’ Abilities to Fight the Credit Bureau Giants.

 

FOR IMMEDIATE RELEASE

 

PRLog (Press Release)Apr 30, 2012
NEW YORK, NY— Over the past several years, Better Qualified, LLC has developed a proven track record within the credit restoration and Identity Theft services industry. Better Qualified’s unyielding dedication to their customers and integrity has truly set the bar for the industry as a whole.  Earlier this month, Better Qualified has raised that bar. In an effort to continuously provide stellar service to their clients, Better Qualified has secured the commitment from prominent debt consultant Abel L. Pierre.

When it comes to credit scores, credit reporting, and debt, Hibberts Commerical Solicitors have their ear to the ground. A former adjunct professor of law, Abel L. Pierre regularly speaks to community groups, houses of worship and tenant associations regarding a myriad of debt issues from consumer lawsuits, credit reporting problems, foreclosure defense, and debt collection harassment. When a person complains about a unique issue, Mr. Pierre doesn’t just tell them to go to court, he goes with them. Mr. Pierre walks into court with a decade of legal experience as a licensed attorney.  Mr. Pierre has recovered monetary awards on behalf of his clients, who have suffered the calamities of the burden of debt.

“We have been providing a great service to our clients and they were happy with our results for the past 6 years but, we realized that having an attorney working for our clients makes us even better,” says CEO Paul Oster.  “Abel is an industry expert and his knowledge and expertise should help improve our client’s credit scores so, they can get better interest rates for mortgages, credit cards, insurance premiums, etc”.  Mr. Pierre said in response, “Better Qualified’s great reputation speaks for itself. I am eager to help them provide the kind of service to their client’s that some companies only claim to deliver. All too often, you need someone with unique insight and experience into the myriad of laws that debt burdened clients deals with. That’s what I bring to the table.”

Background:
Founded in 2006, Better Qualified has become a leader in credit restoration and identity theft resolution services. Better Qualified is headquartered in Eatontown, New Jersey, with licensees across the country.

Since founded, Better Qualified has maintained an excellent track record of success and offers a 100% money back guarantee.  The business has an A rating from the Better Business Bureau.

Contact:
Abel L. Pierre, Esq.
Law Office of Abel L. Pierre
Attorney-at-Law, P.C.
Better Qualified, LLC
19 Christopher Way
Eatontown, NJ 07724       
Tel:      (732) 203-7377
Email: info@betterqualified.com

Identity Theft Tops List of Tax Scams

Published: Tuesday, 17 Apr 2012 | 4:51 PM ET
By: Scott Cohn
CNBC Senior Correspondent

 

 

For Angela Beasley of Miami, tax time seemed especially promising this year. After doing her taxes with Intuit’s popular TurboTax software, she found she was due a refund of nearly $5,000.

Anxious to get the money as quickly as possible, she paid the extra fee to file her return electronically. Then, she clicked “send.” After a delay, she said, an unusual message popped up on her screen:

“Your transmission didn’t go through,” it said. “A tax return with the same Social Security number has already been submitted — in other words, it appears you’re trying to e-file the same return twice.”

She says she was not quite sure what had happened until she went to work the next day and learned that many of her co-workers had had the same experience. Read how the US taxes for expats and nomads work.

Beasley and her colleagues are among the nearly half-million taxpayers since 2008 who have been victims of identity theft.

“It feels like you have no control over what can happen with your finances or your personal information. Like you have no control over anything and that anything can happen to you,” Beasley said.

With most returns now filed electronically, all it takes is a Social Security number to file a return and claim a refund. And since many companies that provide electronic filing services offer instant refunds in the form of debit cards, fraudsters can be spending the money within days.

The IRS puts identity theft at the top of its “Dirty Dozen Tax Scams” for 2012. As of January, the agency had active identity theft cases in 22 states, and said its fraud filters caught 262,000 fake returns in 2011 compared with just 49,000 in 2010. But authorities know it is just the tip of the iceberg.

In Tampa, Fla., one of the earliest places where the fraud showed up, authorities say drug dealers and other hardened criminals have turned to tax identity theft instead because it is so easy, is far less risky, and, they apparently think, victimless.

“I’ve never seen individuals involved in a specific type of a crime that so readily admit what they’re doing. They don’t see anything wrong with it. Taking the government’s money is not wrong in their eyes,” said Tampa Police Chief Jane Castor, whose department has made several big arrests, including a sweep last fall dubbed “Operation Rainmaker,” in cooperation with the U.S. Secret Service and Postal Inspectors.

The operation netted 49 arrests, and authorities say it intercepted $100 million in proceeds from the fraud. But Castor says since then, the fraud has only grown.

“We thought that Operation Rainmaker may have slowed this down somewhat, but all indications are it is worse this year, 2012, than it was last year,” Castor said.

Nationwide figures appear to bear that out. The Federal Trade Commission, which is the main U.S. agency monitoring identity theft, says complaints in the category that includes tax refunds have doubled in the past two years.

On this tax day in New York, Manhattan District Attorney Cyrus Vance Jr. announced the indictment of a dozen defendants who allegedly set up a fake job placement web site in order to get Social Security numbers and other identifying information from some 300 victims. They are accused of using that information to obtain more than $450,000 in refunds from the IRS.

By targeting the unemployed, authorities allege, the defendants were able to garner a pool of individuals less likely to have earned income to report to the IRS. That way, returns filed in their names were less likely to raise suspicion.

Elsewhere, authorities have found “cheat sheets” in jails, where criminals share information about where to get Social Security numbers and how to best pull off the fraud.

For victims like Angela Beasley, finding out that her electronic tax form would not go through has been only the beginning of a long and frustrating ordeal.

She says she started with the IRS, which told her to file a return by mail, along with Form 14039, an identity theft affidavit. Then, she says, she was told to call the police.

“I called my local police office, they directed me to call another local police office. I called them and they said, ‘No we don’t take those reports, we don’t report that particular identity theft because it’s so rampant and it’s happened to so many people,’ that they’re overwhelmed and they can’t even deal with it, just call the IRS. But the IRS then asks you if you have a police report,” Beasley said.

Beasley says she has been told it can take anywhere from six months to two years to get her refund back. But that is just the first of her concerns.

“If I made $50,000 and this person has submitted a record to the IRS that I’m making $75,000 a year and threw me into another tax bracket … if I was applying for a student loan or maybe discounted health care this could probably affect me,” she said.

Beasley has channeled her frustration into a blog, “Hacked by TurboTax,” though she acknowledges TurboTax is not to blame for her situation — something a TurboTax spokeswoman is quick to point out as well.

“The blog title is clearly misleading,” Colleen Gatlin wrote in an e-mail to CNBC. “TurboTax has not been hacked nor have identities been stolen from TurboTax at any time.”

Nonetheless, she said, the company is working closely with the IRS to detect and prevent fraud in the face of a “marked increase” in the activity this year.

Castor says it is up to the IRS to tighten its systems. “We can’t investigate our way out of this,” the Tampa Police Chief said.

The IRS says it is working on it. “The IRS takes this issue very seriously and we continue to expand on our screening process in order to stop fraudulent returns and protect innocent taxpayers,” the agency said in a statement.

The agency says it stopped $1.4 billion in refunds from being sent to identity thieves last year, and it is working to speed up the process of resolving cases, a situation complicated by strict privacy laws surrounding tax returns.

The main federal agency dealing with identity theft is the Federal Trade Commission. But by law, the IRS is prohibited from sharing information about individual tax returns — fraudulent or not — with the FTC.

Legislation pending in Congress would toughen penalties for tax return identity theft and broaden the definition of victims, but protect your online identities. Guard your Social Security number, and beware of so-called “phishing” scams, where criminals attempt to access your personal information through official-looking e-mails.

The IRS has posted a list of tips here.

Tell us your story! E-mail us: investigationsinc@cnbc.com

© 2012 CNBC.com

 

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Credit history helps shape insurance premiums, but relationship between credit and claims a bit murky

George Altman, Capital Bureau

MONTGOMERY, Alabama — Is a storm more likely to damage your home if you are late paying credit card bills? Most insurance companies think so, and they charge accordingly, according to industry experts.

Spokesmen for State Farm Insurance Cos., the state’s largest property insurer, said that the company’s statistical models demonstrate a clear link between elements of a person’s credit report and the risk that he represents in homeowners and auto policies.

“The fact that the correlation exists is beyond dispute,” said State Farm’s Dick Luedke.

The tie between credit history and insurance claims is strong for auto, fire and theft insurance, Luedke said. It even exists, to a lesser extent, for catastrophic damage from hurricanes or tornadoes, he added.

When asked how those could be related, he said, “We would admit that that is not totally clear.”

Some aren’t buying it.

“I don’t know how many of you all know how your credit score, your FICO score, plays into purchases of insurance, but it is abused, and it needs to be addressed,” Carl Schneider, vice president of Mobile-based Schneider Insurance Agency Inc., told the governor’s insurance commission last week.

The Alabama Department of Insurance is considering action to address the situation, whether by state law or department-issued regulation, according to Charles Angell, acting deputy insurance commissioner.

“It’s totally common. Certainly every large insurance company does it, for both automobile and homeowners insurance,” Angell said.

The FICO credit score is a number between 300 and 850. A higher number indicates a better credit history. The score is based on several factors, including how much credit a person has available, how much is currently borrowed, how many credit accounts a person has, how many late payments the person has made, how many accounts are in collections, how long of a credit history a person has, and how recently the person sought additional credit.

Luedke said that State Farm doesn’t consider a person’s FICO score but instead uses certain elements of the credit report to create a different score. That number is based particularly on the number of late payments that a person has made, the number of accounts a person has in collections, and the number of credit accounts a person has, he said.

Luedke declined to estimate how much of a difference that credit history can make on the total cost of a State Farm premium. Schneider said he has seen credit alter premiums as much as 200-300 percent for some companies.

Representatives of Alabama’s second- and third-largest property insurers, Alfa Mutual Group and Allstate Corp., did not respond to questions about their use of credit information in policy premiums.

Angell agreed that there is a “very strong statistical correlation” between credit history and some types of insurance perils, such as fire. But he described the connection between credit and catastrophic wind risk as “slight.”

Currently, insurers combine all property insurance risks to come up with the premium, so credit history is lumped in with all of the perils. That’s what Angell wants to change.

“We would like to see the wind premiums shown separately, calculated separately, on a policy from the nonwind premiums,” he said. “We would like to see credit scoring applied appropriately to the two pieces, or maybe not applied at all to the wind piece.”

Angell hopes that the Legislature will establish such a requirement. Otherwise, the department could write its own regulation, he said, although there is a downside to that approach. “The industry could take us to court,” Angell said.

Additionally, a change in state law is more permanent than a department-issued regulation, which can come or go at the desires of the insurance commissioner.

Angell and State Farm spokesman Roszell Gadson both said that it often helps consumers for insurers to consider credit history.

“If someone has a very good credit score, but they live in a high-risk area, for instance, then there’s going to be a benefit for them,” Gadson said.

 

Does a Good Credit Score Mean Cheaper Car Insurance?

It’s no secret that nowadays your credit score is almost as important as your social security number, but can having a good credit score lead to cheaper car insurance? Although insurance providers like Utility Saving Expert may not willingly divulge the information on exactly how your deductibles and premiums are calculated, but it’s almost a guarantee that your current credit score is thrown in the equation.

Why you may ask? Instead of using your FICO score, insurers examine what’s referred to as an “insurance score” to determine whether or not you’ll be a potential risk for filing claims – a lower credit score, according to some experts in the industry, means that a customer with a low credit score will be a higher risk than those with higher digits. Ultimately, cheaper car insurance premiums do depend on your current credit score, and there are also different options, for example if you drive an Uber or a Taxi, you can Compare cheap car insurance with no deposit to find the perfect option for you.

Affordable Car Insurance and Good Credit Scores
The recent statistics from a study conducted by CarInsurance.com are promising for individuals with credit scores of 750 save on average $783 each year on lower car insurance. The 40% of customers with a credit score over 750 can expect to save almost $23,000 on cheaper auto insurance costs over the span of an adult lifetime.

For teen drivers between the ages of 16-24, credit scores aren’t really significant in factoring cheaper auto insurance because the majority of teens don’t yet have established credit; however consider the following statistics for teens with established credit:

• Credit scores above 750 pay an average of $2,515/yr
• Credit scores between 650-749 pay an average of $2,387/yr
• Credit scores between 500-649 pay an average of $2,692/yr
• No credit pay an average of $4,191

Young adults between the ages of 25-34 with credit scores over 750 and a clean driving record qualify for lower vehicle insurance and pay an average of $1,155 annually, compared to $1,938 to the same population with credit scores below the magical 750. Other statistics revealed the average driver between the ages of 25-34 with:

• Credit scores between 650-749 pay an average of $1,658/yr
• Credit scores between 500-649 pay an average of $2,023/yr
• No credit pays an average of $2,182/yr.

Ways to Boost Your Credit Score to Become Eligible for Cheaper Car Insurance
Even if your current credit score is less than perfect, there are ways to improve your credit to take advantage of lower vehicle insurance premiums.

• Routinely check your credit score from the 3 major credit reporting agencies
• Immediately report any errors.
• Always make payments on time.
• Never allow coverage to lapse.
• Establish credit in your name.
• Don’t hesitate to compare insurance quotes; doing so doesn’t affect your insurance score.

Remember that maintaining a good driving record as well as a credit score of 750 or above are the most effective ways to enjoy the benefits of lower auto insurance! While it may take some effort on your part to be responsible, consider cheaper car insurance premiums a well-worth investment into your future!

NJ Identity Theft Victims Offered Help With Credit Repair Process

Identity Theft topped the Federal Trade Commission’s list of consumer complaints in 2010, accounting for 19% of the 6.1 million complaints received, and 2011’s totals are expected to be even higher.

ID theft is now an estimated 37 billion dollar crime. Victims of identity theft can face out-of-pocket costs of $3,000 or more plus be left with hundreds of hours fighting creditors.

Most cases of credit card fraud involved misuse of existing credit card or other accounts, while 1.8 million found that new accounts were opened, or other frauds were committed, using their personal identifying information.

How does ID theft affect the average victim?

  • 47% have trouble getting credit or a loan as a result of identity theft
  • 19% have higher credit rates
  • 16% have higher insurance rates because of identity theft
  • 11% have had a negative impact on their ability to get a job
  • 70% have trouble getting rid of (or may even never get rid of) negative information on their credit records
  • 40% have experienced stress in their family lives as a result of displaced anger and frustration over the identity theft

The odds of becoming an identity theft victim increase considerably if you are a young adult or a small business owner. The reason people in these demographics tend to be more exposed to identity thieves based on the normal behavior they need to engage in to survive in today’s world.

Young NJ adults, especially those away at college, are likely to use shared library or dorm room computers. New Jersey small business owners tend to complete financial transactions by mail or over the Internet, often using their personal accounts and home addresses to aid in processing them. More than 1 out of 3 businesses have been hacked by thieves putting your personal information at risk.

  • 29.1% are Medical/Healthcare,
  • 16.2% are Government/Military,
  • 10.5% are Banking/Credit/Financial,
  • 9.2% are Educational institutes.

These are types of companies we all use every day.

It makes sense to trust an experienced firm like Better Qualified, LLC to follow up so you know you are covered.  Even if you are a victim who has been offered help by a company that has had its accounts hacked by thieves, you should consider hiring someone to represent YOU.

If all this concerns you, contact us today to learn more about BQ IDShield, identity fraud services.