Monday, October 05

UAE Tycoon To Invest US$1Billion In Zim Signs Deal With President Mnangagwa Zimbabweans Lives Will Improve Forever

PRESIDENT Emmerson Mnangagwa’s administration has approved the setup of US$1 billion worth projects by the United Arab Emirates (UAE) headquartered conglomerate, MULK Holdings F.Z.C in a development signifying a huge score following years of consistent reengagement efforts.

Details of the lucrative deals are contained in a letter addressed to Mnangagwa dated April 19, 2022 written by the company’s chairperson, Shaji  Mulk.

   
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Mulk was brought into the country by Dubai-based Zimbabwean businessman Tempter Tungwarara.

“We sincerely thank you for the wonderful support accorded by you during my current visit to Zimbabwe and all the projects awarded by you to Mulk Holdings international FZC,” the letter reads.

We list below the brief project details for your perusal and would be grateful if you can issue a formal letter of confirmation so that we can move forward towards execution,” the letter said.

The company intends to launch a project which will run T10 and T20 Cricket Leagues under which the company will enjoy rights to own and execute various formats of cricket leagues in Zimbabwe.

The project will be closely implemented in partnership with the Sports Ministry and is expected to kick off in October 2022.

The second  project dubbed  MULK E HEALTH – E HOSPITAL SERVICES  will provide  world class health services from the comfort of citizens homes and reach every corner of Zimbabwe with the  launch expected for September 2022.

Project three  will see the establishment of Harare’s  first BlockChain City which will attract thousands of companies in the space of Block Chain in the land allotted next to the Parliament.

“As this can be a fast track project which can start within three to four months and building the city would take time, we request your excellency to allot any unused existing Government building which can be used temporarily until the new city is built,” said Mulk.

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Can Credit Repair Companies Really Remove Collections?

Credit repair advertisements are everywhere.

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“Boost your credit score fast.”

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“Remove collections instantly.”

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“Fix bad credit now.”

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Sounds amazing, right?

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But many people eventually wonder something important.

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Can credit repair companies really remove collections?

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The answer is more complicated than most advertisements make it seem.

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Some collection accounts can be challenged successfully. Others remain permanently difficult to remove.

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Understanding how the process actually works can save you money, stress, and unrealistic expectations.

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What Collection Accounts Do to Your Credit Score

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Collections can seriously damage credit scores.

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Especially when accounts remain unpaid.

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Lenders often see collections as signs of financial risk.

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That may affect:

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  • Loan approvals
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  • Mortgage applications
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  • Car financing
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  • Credit card offers
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  • Insurance pricing
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  • Apartment applications
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Even small collections can create major problems.

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What Credit Repair Companies Actually Do

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Many people assume credit repair companies have special legal powers.

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They do not.

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Most legitimate companies simply:

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  • Review credit reports
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  • Identify inaccurate information
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  • Dispute questionable accounts
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  • Communicate with credit bureaus
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  • Negotiate with creditors
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Consumers can legally perform many of these steps themselves.

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That surprises a lot of people.

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When Collection Accounts Can Be Removed

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This is the part many companies avoid explaining clearly.

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Collections usually get removed only under specific situations.

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Incorrect Information

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If a collection contains inaccurate details, it may qualify for removal.

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Examples include:

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  • Wrong balances
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  • Incorrect dates
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  • Identity errors
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  • Duplicate accounts
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  • Fraudulent debts
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Credit bureaus must investigate disputed information.

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Lack of Verification

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Debt collectors must verify debts when challenged.

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If they fail to provide proper documentation, accounts may sometimes be removed.

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But this does not happen automatically.

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Pay-for-Delete Agreements

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Some collection agencies agree to remove accounts after payment.

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This is called a pay-for-delete arrangement.

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Not all agencies allow this.

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And some major creditors refuse entirely.

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What Credit Repair Companies Cannot Legally Do

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This is extremely important.

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No legitimate company can legally remove accurate negative information simply because you want it gone.

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That includes:

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  • Legitimate late payments
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  • Valid collections
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  • Accurate defaults
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  • Real repossessions
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  • Correct bankruptcies
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If a company guarantees instant deletion of accurate debts, that’s a major warning sign.

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Warning Signs of Credit Repair Scams

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The credit repair industry attracts many bad actors.

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Be cautious if companies:

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  • Demand large upfront fees
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  • Promise guaranteed score increases
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  • Tell you to create a new identity
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  • Instruct you to lie on applications
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  • Claim they can erase all bad credit
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Those tactics may create legal problems.

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How Long Collections Stay on Credit Reports

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Most collections remain on credit reports for up to seven years.

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However, their impact may decrease over time.

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Newer collections typically damage scores more heavily than older ones.

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Paying collections may also improve lending opportunities in some situations.

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DIY Credit Repair vs Hiring Professionals

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Some people successfully dispute collections themselves.

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Others prefer professional assistance because the process becomes time-consuming.

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A good credit repair company may help organize disputes and communication more efficiently.

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But consumers should understand what they are paying for.

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Other Ways to Improve Credit Faster

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Removing collections is only one piece of the puzzle.

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Strong credit improvement strategies often include:

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  • Making on-time payments
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  • Lowering credit card balances
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  • Avoiding unnecessary hard inquiries
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  • Keeping older accounts open
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  • Monitoring credit reports regularly
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Consistent habits matter more than quick tricks.

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Why Credit Repair Keywords Have High CPC

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Credit repair leads are extremely valuable to:

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  • Financial service companies
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  • Lenders
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  • Debt consolidation firms
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  • Credit monitoring providers
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  • Personal finance platforms
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That strong commercial intent drives aggressive advertising competition.

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Final Takeaway

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Credit repair companies can sometimes help remove collection accounts, but only under specific circumstances.

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Accurate negative information usually cannot legally disappear overnight.

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The best results often come from realistic expectations, careful financial habits, and understanding your legal rights during the credit dispute process.

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If something sounds too good to be true in the credit repair industry, it usually is.

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FAQ

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Can paying a collection remove it from my credit report?

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Not automatically. Some agencies may agree to pay-for-delete arrangements, but many do not.

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Are credit repair companies legitimate?

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Some are legitimate, but consumers should research carefully because scams exist in the industry.

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How long do collections stay on credit reports?

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Most collections remain for up to seven years.

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Can I dispute collections myself?

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Yes. Consumers have the legal right to dispute inaccurate information directly with credit bureaus.

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Do paid collections still affect credit scores?

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They may still affect scores, though some scoring models weigh paid collections differently.

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Credit Score Improvement: Building a Strong Financial Profile

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  1. A good credit score is essential for accessing better financial opportunities, including loans, credit cards, and favorable interest rates. Lenders rely on credit reports to assess risk, making it important for individuals to maintain a strong financial profile. Many people actively search for ways to improve their credit standing.
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Improving credit requires consistent financial habits such as paying bills on time, reducing outstanding debt, and monitoring credit reports. Even small improvements can lead to better financial outcomes over time. A higher credit score opens the door to lower borrowing costs and increased financial flexibility.

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