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What Do You Know About Credence Law Group? – Gary

“Dear Steve,

Filed bankruptcy… trying to keep my home with a modofied mortgage .. responded to Credence Law Group mailing …

What do you know if anything regarding Credence Law Group?



Dear Gary,

My radar is up when it comes to Credence Law Group. There are a number of warning signs that have me concerned.

Please upload the mailer and I’d be happy to review it for you and give you my thoughts.

Until then here is some information to review.

Mortgage Help

Be sure to first read How Not to Get Scammed by a Mortgage Loan Modification Company.

Debt-to-Income Calculator

First you’ll need to determine your current debt-to-income ratio. The target debt-to-income ratio under the Home Affordable Modification program is 31%. Use this free online DTI calculator.

Mortgage Modification Calculator

The mortgage modification eligibility calculator will ask you several questions and then show you which programs you may be eligible for.

The free mortgage modification calculator can be found here.

Free Mortgage Modification Help and Counseling

If you have questions about the process or eligibility you can call 888-995-4673 and get connected with an mortgage modification adviser for free. This help is provided by government subsidized HUD Housing Counselors and they can be a big help in navigating the modification process.

In order to assist you, the housing expert will need to gather some information from you. Have the following documents handy:

  • Information about your first mortgage, such as your monthly mortgage statement.
  • Information about any second mortgage or home equity line of credit on the house.
  • Information about the monthly gross (before tax) income of all household members contributing to pay the mortgage, including recent pay stubs if you receive them or documentation of income you receive from other sources.
  • Information about your savings and other assets.
  • Account balances and minimum monthly payments due on all of your credit cards.
  • Account balances and monthly payments on all your other debts such as student loans and car loans.
  • Your most recent income tax return.
  • It may also be helpful to have: A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.), if applicable.

You can also get free help and housing counseling from a local HUD approved counselor. You can find your local free housing counselor, here.

Contact Your Mortgage Company

Not sure if your mortgage company offers modification programs? Not all do. You can contact your mortgage company to ask them about mortgage modification programs you might be eligible for. Click here to find your mortgage company.

NPV Calculator

Want to know the net present value (NPV) of your home for the mortgage modification process? No problem, use the free NPV calculator to find out. The NPV calculator is right here.

The calculator can be used by homeowners who have been denied a HAMP modification because of their NPV result or can also be used by homeowners prior to applying for a HAMP modification to help them better understand the NPV evaluation.

No Advance Fees

The Federal Trade Commission has a Mortgage Assistance Relief Services Rule which prohibits advance fees for mortgage rescue services or mortgage modification help.

Please post your responses and follow-up messages to me on this in the comments section below.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Gary

    thank you for your reply. I have submitted all information to Credence necessary for them to speak with me… financial information… bank accounts with account numbers… pay stubs… hardship letter…monthly bills and all debt information…I have also given oral permission for credence to speak with the mortgage company pennymac on my behalf. I have dranw the line at their request for my social security number.
    They seem to me to be reputable and it appears they are doing all the correct things, but I am not comfortable giving them my ss number. That has put everything on hold and I am not sure why. They have all my personal info my loan info and permission to speakw ith my mortgage holder??? am I being silly ? thank you confused and concerned

    • Steve Rhode

      Without looking at your specific information and what you’ve been given all I can offr is

    • enyyanks

      Stay away from them. I was scammed by Esate Law Group in the same manner. They are no longer in buisness an I am out nearly $3700. I did my own inverstigation and the SAME people that worked for Estate Law Group ane now operating under Credence Law Group. I contacted Credence to see if it was the same people and sure enough it was! I was speaking to Crystal weekly when I retained the services of Estate Law Group and she was the one I sent the payments to. She NOW works for Credence. I called and asked for her and when she picked up, I explained who I was and she quickly transfered me to Michael (who was also with Estate Law Group) they are criminals and are still scamming people.

    • Lisa Borchard

      Hey Gary,
      What has been the out come of you working with Credence law group. I have just signed up with them and would like to hear more about your experience.

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