loan modification
This is the modus operandi of companies that are likely to scam you. First of all, scam companies love to use emails, because it is practically free and it reaches billions of people. Then, they use junk mail since it is also cheap. Finally, they use telemarketing and phone you up. These are lures cast on a wide scale in order to increase the likelihood of catching patsies.
But of course, legitimate companies do this as well because these are legitimate means of advertising marketing. But the second most tell tale sign that of loan modification scams is: upfront fees. Companies that ask for upfront fees are almost sure to be loan modification scams.
In the U.S.A today, billions of American citizens from all walks of life got caught in the recession and are having problems with their monthly loan mortgage payments. Those who are taking advantage of this situation where a lot of desperate people are willing to believe anything as long as it offers them hope to lift themselves up from their situation. These upfront fees might scare some away at first. Then the scammer will lower the amount and promise even lower loan modification rates so that you can start at least on your new loan. They will say that this is a special offer that they are giving exclusively to you. They will do anything just to reel you in.
There are really some real loan modification program companies out there. They can definitely help out by giving valuable advice and strategies and helping you along the loan modification processing. Remember that these companies do not get upfront fees. They will bill you after some time though. And also, it may be a bit hard to get a hold of their services because there are so many people availing their services as well.
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