Comments on: Avoid “Walk Away” Companies. It’s a “Credit Repair” Scam All Over Again. http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/ Mortgage Credit Problems: Helping You Find a Home Loan with Bad Credit Wed, 07 Jan 2009 08:06:22 +0000 http://wordpress.org/?v=2.3.2 By: Gina Pogol http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-43 Gina Pogol Mon, 30 Jun 2008 20:16:59 +0000 http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-43 Many of these guys are just giving people information, which is legal, and encouragment, which may be morally icky but there is no law against ickiness. Only if they cross the line and help borrowers lie or defraud a lender can I see them getting into hot water. The deal is though if you have anything like an 8th grade education you can write a letter to the lender. And there are examples of how to do it all over the place online. So if you have no money why would you pay someone $1,000 for info that's out there for free? Many of these guys are just giving people information, which is legal, and encouragment, which may be morally icky but there is no law against ickiness. Only if they cross the line and help borrowers lie or defraud a lender can I see them getting into hot water.

The deal is though if you have anything like an 8th grade education you can write a letter to the lender. And there are examples of how to do it all over the place online. So if you have no money why would you pay someone $1,000 for info that’s out there for free?

]]> By: tnaylort http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-42 tnaylort Fri, 27 Jun 2008 21:20:50 +0000 http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-42 I've seen discussions like this on other blogs---people telling others that they can just walk out on their mortgage. I guess accountability as a concept is just way out of fashion. I blame George W. Bush. I’ve seen discussions like this on other blogs—people telling others that they can just walk out on their mortgage. I guess accountability as a concept is just way out of fashion. I blame George W. Bush.

]]> By: Gary http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-41 Gary Fri, 27 Jun 2008 21:07:28 +0000 http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-41 Are there any legal repercussions for these "walk away" companies? Are there any legal repercussions for these “walk away” companies?

]]> By: K. Cummings http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-40 K. Cummings Fri, 27 Jun 2008 21:05:04 +0000 http://www.mortgagecreditproblems.com/blog/avoid-walk-away-companies-its-a-credit-repair-scam-all-over-again/#comment-40 It's sickening how in times of economic lows, people try to cash out by taking advantage of the situation. It’s sickening how in times of economic lows, people try to cash out by taking advantage of the situation.

]]>