How Are Strangers Getting Our Information to Mail Us Loan Modification Offers? – PJ

By Steve Rhode
Ask me your question.

“Dear Steve,

Hi, can you explain how these Loan Modification companies get your personal information? The servicer of our loan has stated that they do not ’sell” clients personal information. Also there is no record (county) of default or foreclosure. We had a rough patch over the last year, a few late payments, but are current with on the loan. If the servicer did not “sell” information how are total strangers accessing this information.

Thanks

PJ”

Dear PJ,

They are probably purchasing a list of real estate transactions in an area, based on demographics, which would target likely candidates for delinquencies. That kind of data mining is easy since real estate transactions are public record.

Big hug.

@GetOutOfDebtGuy

P.S. Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Source: How Are Strangers Getting Our Information to Mail Us Loan Modification Offers? – PJ

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