Like hungry pirates looking for the next booty to plunder, a new form of bottom feeders have emerged in the vast fear-based marketplace: Debt Profiteers.
Debt Pirates! Ahoy!
They market to the frightened, promising to help "keep your house". In fact, they merely take money to postpone the inevitable. Today I saw a contract for one here in South Florida that charged $1,200 to merely say "find a lawyer to enter an appearance" and then they merely called the bank to get the balance and amount needed to bring the loan current.
The joke is that by law the bank must provide that information FOR FREE WHEN ASKED!
This is going to get worse.
More people are jumping on the bandwagon. The radio is full of Debt Pirates with promises of finacial salvation. Any decent attorney knows that this seldom works...debts don't just go away.
More to come.
The Tablet by Apple.
8 years ago