I received a letter in the mail from US Mortgage Corporation regarding refinancing my house. I called them and a gentleman took my intial information then said that one of there loan specialists would call me which he did.
When I spoke to the specialist he asked some of the same questions as the first guy then he told me that due to my debt to income ratio I wouldn’t qualify for a loan to refinance my house. (Which by the way I already knew) but the letter from US Mortgage said that I could pay off my bills that’s basically why I called.
To make a long story short the loan specialist I was speaking with said that they could put me in a program that would take care of my debt and I could have everything paid off within 3 years.
It would only negatively effect my credit for a short period and nothing would show up on my credit report showing that I was using a debt management program. I said I would think about it and when he gave me his contact information up pops consult America.org. So you might want to check US Mortgage corp. as well to see where they fit in.
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This is very similar to another approach offered by another company that is sending out loan mailers and then flipping people into debt settlement or debt relief programs.
It sure feels like a convincing way to get people to call, thinking they can get a loan.
If that is all of a disclaimer the loan company representative gave you it certainly was not the whole story.
If you can forward me a copy of the mailer I’d love to see it. You can get it to me here.
Thank you for letting us know.
Please post your responses and follow-up messages to me on this in the comments section below.
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