You, prehaps, have heard commericals pretaining to purchasing a car, borrowing money, purchasing a house and other items of property. There target market is people with bad or no credit.
When you hear the words ” have on credit - no problem, have bad credit - no problem; judgements against you - no problem! We can get you financing.
Those are very assuring words - sucker. Allow me to share my story with you. Once I worked for mortgage company several years ago, originating mortgage loans. I thought this was a company truely interested in wanting to help others. I found out that the underwriter actually made the final decision and I was the one playing my clientele. I decided to change what I did after taking enough training classes on how to play on the innocent people that had made a mistake in life and was ignorant like me.
Now I work to help citizens become aware of some of the creative ways many dealers seek to put you in a worst position financially than you are. Checking your credit with credit bureaus at lease a couple times a year. I just want to open your eyes on one of the simpliest ways car dealers get over. If your credit is questionable, stay away from we finance dealers or brokers. Be alert when they offer you weekly payment plans; walk away because you can do better. Mortgages have similar situation. Do your research and don’t rely on others. The economy and families are victims of the sub-prime lenders. One of the most catchy phrase is “as low as”. Learn the key phrase and be sharp.
I recently read an article concerning some of the bank tricks used. The article said that banks has a pre set interest rate or threshold for most clients. We can say now more than ever if it sound to good to be true don’t get punk’d. Get some help. There are many places sponsored by your non-profit agencies that are free. Check with your local colleges - continuing education department churches or community affairs. We can help each other. What you think?
