Denver, CO- I heard about a guy who got ripped off by a debt collector.
The debt collector asked if he could pay them $500. He wanted to do the right thing. So he agreed to pay the $500. The debt collector sent him a form to make the payment thru his checking account. He filled out the form and signed off on it. The debt collector proceeded to completely drain his bank account.
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They sucked out $1,800. This caused major financial problems for this guy. He couldn't afford gas to get to work. The reason that the debt collector was able to get the extra $1,300 was the fine print on the bottom of their form. The moral of the story? Never give any of your financial information to a debt collector or anyone.
If you do settle with a debt collector, only send them a payment where they can't track you. Use a money order. Money orders keep all of your bank account information private. You can buy one with cash or a debit card. The debt collector will never get your account information.
Never give any of your financial information to a debt collector. Do not send them info on your checking account, savings account, IRA, 401k, or any other financial account you have. Many state and federal laws often give a debt collector permission to take money out of your accounts, with or without your permission.
Unless you are a lawyer, you won't know if or when they can take money. So you are simply better off never giving them your info. The debt collection company that I mentioned above is based out of Colorado. I don't remember their name. They tried to collect from another person I know. They were very pushy. They only wanted his checking account info.
This tactic will apply with those trying to negotiate a Loan Modification, as well. If the lender asks for money up front to work the loan mod approval, DO NOT send them anything!!
They wouldn't accept any other payment method. It appears they use that tactic on everyone they call. Hope this helps you in your situation. Would you like to discuss your situation with me? You can call e-mail me at
denverloanmodhelp@gmail.com.
Thinking about a Loan Modification? I can provide you with a loan modification guide! Send me an e-mail at
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 303-521-0984
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Thanks for reading this, Dan Hopper.
Dan is a Realtor located in Westminster, CO., specializing in Denver loan modification and short sales:
Phone: 303-521-0984. denverloanmodhelp@gmail.com.
View My homes for sale at www.danhopper.com.
Dan Hopper specializes in loan modification assistance and short sales in Westminster Colorado. Westminster Loan Modification Help, Westminster Short Sales. Westminster Short Sale Realtor. Denver CO Loan Modification Help, Denver CO Short Sales. Denver CO Short Sale Realtor. Westminster CO Short Sales. Westminster Realtor.
For related blogs / video blogs, click on the links, below!!
http://denverloanmodhelp.com/?p=187
http://denverstopforeclosureblog.com/?p=631
http://denverstopforeclosureblog.com/?p=375
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Important Notice
Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Dan Hopper's personal views and do not reflect the views of Remax Alliance.
This information on Denver Loan Modification-Avoid This Mistake With Debt Collectors is provided as a courtesy to our viewers to help them make informed decisions.
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