Don't Be Fooled ! Protect Your Hard Earned Credit ...

Don't Be Fooled ! Protect Your Hard Earned Credit Rating. READ MY STORY!

This agency claims it helps lower income people get a loan with a credit rating as low as 585. They charge a $29.00 application fee. I had over 700+ credit so I thought it would be a breeze to get pre-qualified. They state on the application to check a box for a specific an amount of money requested or to check a box to just get pre-qualified. I didn't even have a place picked out yet, so the loan officer I spoke to, Ron Thompson advised to just ask to get pre-qualified. I had been working with a realtor who suggested I do the same. The loan application was extensive and still not enough. After being asked to provide even more documentation over the period of two weeks, I waited another two weeks and heard nothing back. I placed a follow up call to check on the progress and got an answering machine. I left a message and didn't hear anything back for another whole week. I tried again on the following Monday and again, never got the courtesy of a return phone call ! Another week went by and I got something in the mail from them, a denial ! One of the reasons for my denial they said was insufficient income for the amount requested. I never even gave an amount, as this was a pre-qualification only ! The second reason was I didn't have enough cash on hand/or insufficient funds to close the loan. The reason why I think this company is a scam is based on their own claim, on their website, that if pre-approved for a loan, they will provide $3250.00 to put down on the home and or for closing costs! Plus I had $4,000.00 in the bank !!!! They sent me my credit score from all three credit bureaus. +716, +694,+653 ! It is clear to me this company probably collects $29.00 an application hundreds of times a day. Think about it. Just 10 application fees is $290.00 dollars ! Simple math if they do hundreds a day and just hand out unjust and incompetent credit denials with no solid basis and dont even give you the courtesy of a return call as they even did when I placed another call to inquire why they said the loan amount I requested was too much when I never even gave an amount, still no return call. SHADY, SHADY, SHADY ! AND my credit score that I worked so hard on over 3 years, got dropped by over 20 points !! Roll the dice if you want but I would look into other options first ! Good Luck. I hope this helps someone.