TULSA - The companies claimed they could get people more favorable loan terms, avoid foreclosure and improve their credit; for a fee.
FTC officials say don't believe anyone who guarantees to rescue your home. There is no guarantee you will get a loan modification or stop a foreclosure.
Do not pay an up-front fee for mortgage relief services. It is illegal unless the provider is an attorney.
It is always best to call your lender, directly, as soon as you know you'll have trouble paying your mortgage.
Do not sign papers you haven't read or don't fully understand. If you think you have a good deal run it by an attorney to be certain it's what you are expecting. Many bar associations offer lawyer referral. The Tulsa County Bar Association offers help for less than $30.
If someone tells you not to contact your lender, an attorney or a credit counselor about the deal do not do business with them.
If you face foreclosure you can call the Homeownership Preservation Foundation at 1-888-995-HOPE which is 1-888-995-4673
If you think you've been the victim of a mortgage or foreclosure rescue company file a complaint with the FTC.
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Don't Waste Your Money
This time of year, stores are throwing sale after sale to get us to do our holiday shopping there. And the biggest store of them all is Walmart.
With Black Friday sales on Thanksgiving Day this year, many parents stayed home, and missed some of the best deals on toys and tablets for the kids. But don't despair. What many stores don't want you to know is that prices are often cheaper even closer to Christmas.
Sony sold more than 1 million copies of its new Playstation 4 in the first weekend it was on sale and the newest video game console is now very hard to find anywhere. But not everyone who bought one is thrilled.