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Please be careful. They buy student loans in default at a discount, then charge a 5% loan origination fee to the borrower and use your money to refinance a student loan to someone who already defaulted on it....There is no collateral that you can go against and nothing protect our money should you invest with them. I hope you guys are smarter than the regular Joe and have not given them a dime.
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Sometimes I wish I had a Harry Potter's wand and make people go up into smoke. -
I quit watching FOX a long time ago -
They also advertise heavily some Veteran mortgage company and yes you can get a no down payment on a VA loan, but there are charges related to the mortgage that they will add to the cost, also please do not follow their advice to get a loan to pay off credit cards, it's dumb and stupid. If you don't pay your credit cards nothing will happen to you, other than a bad credit for a while but if you fail to pay that mortgage you can lose your house. I hate companies that pray on uninformed consumers.Sometimes I wish I had a Harry Potter's wand and make people go up into smoke.Comment
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Veterans with and honorable discharge or still serving just need to go to a V.A. service officers office and they will help you obtain papers to get a certificate making you eligible for the V.A. home loans. This is good to have if your young and just starting out as it is a writ of guarantee the govt. will be your back up to help get your mortgage. Still good to have good credit just like any application your doing.
Like aviator is saying be careful of these 'Veteran owned companies.' Their grandfather may have served and their 'veteran owned.' If you borrow pay the loan back. Plan don't borrow if you don't think you can make payments. Good credit is your key to the doors of success.Comment
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Yes but please do not use a home loan to pay off credit cards. Credit card debt is unsecured, meaning nothing backs up what you owe, you don't pay bank gets screwed, that's why they have to make it up with high interest rates, Home loan, in the other hand, is secured with your home as collateral, you don't pay you could lose your house, depending on loan position, First (Purchase Money) or Second mortgage. As long as you pay your first mortgage they can not enforce a foreclosure, the moment you pay the first off, get ready because they will come for their money.Sometimes I wish I had a Harry Potter's wand and make people go up into smoke.Comment
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I watched a congressional hearing with the heads 'C.E.O.'s of the big card companies. Holy sheeet when the congressional critter asked about their profits? He had to ask again 'HOW MUCH". $$$$$$$$$ He almost fell on the damn floor. P.T. proposed a cap on CC interest rates but looks like that ended up in the damn shredder.Comment
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with the amount of people that default on payments that's the only way they can make money. I don't blame them. the banks still have to send a share of the interest to Visa or Master Card. Or people who pay off their balance at the end of the month...they make no money. Money business is tough.Sometimes I wish I had a Harry Potter's wand and make people go up into smoke.Comment
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I dom't listen to advertisements. They are too irritating.
We have met the enemy and he is us.
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