Credit Score Scam Alert!

I've taken a little break from my blog due to the increased holiday business to my publication BlueBookMilwaukee

But I have a very important alert/scam/warning when it comes to Credit Scores.

I've just been alerted to the scams that 99% of the mortgage/banks are using to base the Interest Rate they will give a person on a new home loan.

Most of us thought that when you ordered your credit score from the credit bureau that that would be the credit score that a lender would see...Right?

We'll that's not the truth. mortgage companies and banks are using there own formula to figure a credit score. From my research if your credit score is 812 it will be about 648-670 after the mortgage / banks run your credit through their formula's.

Why do they do this? Because they want you to pay a higher interest rate.

Now...I'm about to tell you something that flew over many peoples head in one of my earlier blog postings.

I have a very good friend that works in the mortgage department in a very large national bank and this person has told me that banks are double dipping when it comes to foreclosers.

Before Leman Brothers went down they were paying out private mortgage insurance claims to banks that had taken homes back because of foreclosures.

You've probably noticed that after Leman Brothers got the bailout the government really stopped bailing out companies.

They don't give a SH_T about you and I or the property, they only care about their money. And as long as they can file claims and get the money and the property with private mortgage insurance they will keep the formula for lowering credit scores which is why people are being placed in Preditory Loans.

Oh yah!!! Congrats to myself I've launched my new company to help people pay off all of their debt and leave these banks/mortgage companies/credit card companies to wither on the vine!

The Real Debt Solution

Thanks for your time!
Steven A Williams