http://www.austinwireless.net/2012/01/shaw-capital-management-word-news-updates/
January 5, 2012
Shaw Capital Management is an open architecture financial advising firm that specializes in offer individualized investment advice and services to clients. In today’s economy, it’s difficult to find a firm that is not manipulated or beholden to the interests of major banks. Shaw Capital Management seeks to promote financial independence and grow your wealth in the most ethical and long-lasting way possible. Recently, Shaw Capital Management released an article with several helpful tips and strategies for consumers. It is no secret that even those who had done very well financially have begun to struggle in light of the economic downturn of the past few years. Everyone can benefit from some smart financial guidance nowadays.Because many people have struggled to receive credit due to a financial downturn that has put their credit score at risk, internet scams are more successful at luring victims than ever before. Shaw Capital Management offers a fair warning to consumers about the risks involved and the ways that scams can be identified before it’s too late. First, they note that any lender who doesn’t check your credit history, or even inquire about it, is a red flag. Even though there are lenders out there (and they are few) that are willing to take a risk on people with bad credit, you are probably dealing with a scam artist if they do not even care about what your credit score or credit history is like. Another major thing to look out for is lenders that promise to extend credit or a pay-day advance to you after you pay them a fee. A legitimate lender may add additional fees to the loan, called origination fees, or post maintenance and interest rate fees to a credit card, but no lender will ever ask for those fees to be paid in advance. Beware of lenders that ask for money up-front, as you will likely be giving away your hard earned money and not getting anything in return.
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