New Online
Personal Finance Freelance Marketplace Brings Greater Protections For
Consumers.
CreditLance.com is
an online personal finance freelance marketplace dedicated to connecting
consumers in need of credit, debt, and tax help with financial service counselors
and negotiators specializing in four main categories including: credit repair,
loan modifications, debt settlement, and tax settlement. Service buyers (those
searching to purchase services) can post their requirements through the website
and the service providers (those offering their services) can place their bids
for doing the job.
Los Angeles, CA (PRWEB) January 4, 2010 -- The latest statistics from the Federal Reserve indicate that the total amount of consumer debt in the United States stands at nearly $2.5 trillion dollars. As a result of a weak economy, rising unemployment, and record high foreclosures, the number of consumers with bad credit has risen sharply to more than 110 million in the U.S. The surge in bad credit reflects a growing number of delinquent mortgages, credit cards, auto and personal loans.
Most consumers know they have a vital interest in establishing and maintaining their credit worthiness and credit standing in order to obtain and use credit. As a result, many consumers experiencing financial hardships seek the assistance of credit repair, loan modification, debt settlement, and tax settlement companies who offer to improve their financial profile for a fee with varied results.
Each year the Federal Trade Commission, Attorney Generals, and The Better Business Bureau receive thousands of complaints from consumers who have sought the services of loan modification, credit repair, and debt and tax settlement companies. These unsuspecting consumers complain of deceptive advertising and business practices which has led to no improvement in their financial profile, loss of payment, or fraud costing the buyers of these services millions.
CreditLance.com was created by Winston Hardson, as a secure online personal finance marketplace, to ensure that prospective buyers of credit repair, loan modification, debt settlement, and tax settlement services are provided with the information and tools necessary to make informed decisions regarding the purchase of these services. "Frankly, I created CreditLance.com because I was tired of the same stories of customers seeking mortgage loans complaining to me that they were robbed by some company that promised to clean their credit or negotiate their credit card debt," said Winston Hardson, CreditLance.com CEO. "Consumers deserve better safeguards, that's why we took time to think of features that would foster greater trust and transparency between buyers and sellers of these services like buyer and seller feedback ratings and a buyer controlled escrow payment system. Now buyers can compare service providers and only pay for services that have been rendered without having to worry about being taken for their hard earned money."
To use CreditLance.com, buyers simply go to creditlance.com and register as a buyer or seller. Service buyers (those searching to purchase services) can post their request for proposal, and service providers (those offering their services) can place their bids for doing the job. For example, a buyer of loan modification services would post information on the amount of their mortgage loan, mortgage arrears, mortgage lender, current interest rate, reason for their hardship, and any other supporting documentation.
Buyers can either send invitation request to service providers or wait for service providers to bid of their request for services. Lastly, the buyer would award the contract to the service provider based a combination of factors including but not limited to: price, feedback rating, scope of service, and time of completion. All of this can be completed on creditlance.com with the buyer in total control of their deposit, transfer, and withdrawal of funds to the service provider upon completion. At the same time Providers benefit greatly from being able to see that the funds are held in reserve for their work and will be released upon completion of services.
About CreditLance.com
CreditLance.com is the only online personal finance freelance marketplace. Founded in 2009, CreditLance.com connects consumers in need of credit, debt, and tax negotiation services with financial service counselors and negotiators specializing in four main categories including: credit repair, loan modifications, debt settlement, and tax settlement. The service is free to buyers. Service providers seeking work either register as a free (Basic) member or a subscribing member. For more information, visit CreditLance at www.creditlance.com.
Media Contact:
Winston Hardson
(323) 982-8393
www.creditlance.com
Los Angeles, CA (PRWEB) January 4, 2010 -- The latest statistics from the Federal Reserve indicate that the total amount of consumer debt in the United States stands at nearly $2.5 trillion dollars. As a result of a weak economy, rising unemployment, and record high foreclosures, the number of consumers with bad credit has risen sharply to more than 110 million in the U.S. The surge in bad credit reflects a growing number of delinquent mortgages, credit cards, auto and personal loans.
Most consumers know they have a vital interest in establishing and maintaining their credit worthiness and credit standing in order to obtain and use credit. As a result, many consumers experiencing financial hardships seek the assistance of credit repair, loan modification, debt settlement, and tax settlement companies who offer to improve their financial profile for a fee with varied results.
Each year the Federal Trade Commission, Attorney Generals, and The Better Business Bureau receive thousands of complaints from consumers who have sought the services of loan modification, credit repair, and debt and tax settlement companies. These unsuspecting consumers complain of deceptive advertising and business practices which has led to no improvement in their financial profile, loss of payment, or fraud costing the buyers of these services millions.
CreditLance.com was created by Winston Hardson, as a secure online personal finance marketplace, to ensure that prospective buyers of credit repair, loan modification, debt settlement, and tax settlement services are provided with the information and tools necessary to make informed decisions regarding the purchase of these services. "Frankly, I created CreditLance.com because I was tired of the same stories of customers seeking mortgage loans complaining to me that they were robbed by some company that promised to clean their credit or negotiate their credit card debt," said Winston Hardson, CreditLance.com CEO. "Consumers deserve better safeguards, that's why we took time to think of features that would foster greater trust and transparency between buyers and sellers of these services like buyer and seller feedback ratings and a buyer controlled escrow payment system. Now buyers can compare service providers and only pay for services that have been rendered without having to worry about being taken for their hard earned money."
To use CreditLance.com, buyers simply go to creditlance.com and register as a buyer or seller. Service buyers (those searching to purchase services) can post their request for proposal, and service providers (those offering their services) can place their bids for doing the job. For example, a buyer of loan modification services would post information on the amount of their mortgage loan, mortgage arrears, mortgage lender, current interest rate, reason for their hardship, and any other supporting documentation.
Buyers can either send invitation request to service providers or wait for service providers to bid of their request for services. Lastly, the buyer would award the contract to the service provider based a combination of factors including but not limited to: price, feedback rating, scope of service, and time of completion. All of this can be completed on creditlance.com with the buyer in total control of their deposit, transfer, and withdrawal of funds to the service provider upon completion. At the same time Providers benefit greatly from being able to see that the funds are held in reserve for their work and will be released upon completion of services.
About CreditLance.com
CreditLance.com is the only online personal finance freelance marketplace. Founded in 2009, CreditLance.com connects consumers in need of credit, debt, and tax negotiation services with financial service counselors and negotiators specializing in four main categories including: credit repair, loan modifications, debt settlement, and tax settlement. The service is free to buyers. Service providers seeking work either register as a free (Basic) member or a subscribing member. For more information, visit CreditLance at www.creditlance.com.
Media Contact:
Winston Hardson
(323) 982-8393
www.creditlance.com
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