Scam Busters Plr Ebook

Product Price: $5.95
SKU: 4302

PLR Ebook Table Of Contents


Chapter 1:
Work At Home Scams

Chapter 2:
Debt Relief Scams

Chapter 3:
Foreclosure and Mortgage Scams

Chapter 4:
You Won Scams

Chapter 5:
Identity Scams

Wrapping Up

Ebook Sample Content Preview

Chapter 2: Debt Relief Scams


The heist is the upfront fee you pay to have the company talk terms with lenders — which commonly does not occur; so not only are you out the fee, but your debts have amassed more interest and penalties.

Hang Onto Your Cash

The long, thick recession and its aftermath have produced an environment in which debt reduction scams and debt relief scams prosper. With millions in money trouble, charge card debt is a bigger issue than ever.

Vulturous debt relief companies promising serenity are seeking out individuals drowning in debt. However with financial discipline and effort individuals may stay away from even the alleged legitimate debt reduction services.

Debt reducing booby traps

Paying back existing debts with more debt is a common maneuver of companies hawking debt reducing services. Additional debt reduction services will offer to talk terms with your creditors to arrange a pay back for under what you owe.

In a lot of cases simply taking your upfront fee is all that counts, not really reducing your debt. And one thing they won’t explain to you is that paying less than you owe presents on your credit report as failure to pay off your debt in full, which plays havoc on your credit score.

Debt easing in disguise

That financial marauders sell themselves as legitimate companies with the power to help consumers overpowered by charge card debt is no secret. The Los Angeles Times describes that investigators for the Government Accountability Office acted as distressed consumers looking for help from debt management companies. Devising wild exaggerations of their success rates, a few companies promised savings of as much as 1/2.

Debt reducing fake promises

After paying up big up-front fees to debt management companies, frequently running up to a thousand dollars, many consumers wind up deeper in debt than they were previously. One woman in North Carolina fell for the sales pitch from a debt relief company that she would maintain enough with lower interest rates to settle charge cards, a mortgage and an auto loan 5 times faster.

After paying $ 599 up front, she was promised that interest rate savings would make up for the fee inside the first thirty days on her way to a complete savings of $ 2,500. The FTC sued the firm after they declined to refund the $ 599 fee after neglecting to deliver on those promises.

A basic debt relief ruse

Laying claim as “government approval” is a basic angle engaged by debt relief scam artists nowadays. The Los Angeles Times reported that statements made by debt management companies to GAO researchers, as well as their advertisements, show the firms attempt leading people to believe they’re administrators of a government plan related to the bank bailout.

One business that surfaces at the top of search engine rankings for debt relief names itself the Federal Debt Relief Program. A more less-than-honest scam is the “U.S. National Debt Relief Plan.
Debt relief – DIY

There are 100s of debt reduction and debt relief companies invading the net, but there’s no government-backed charge card debt relief plan. Debt relief in these disruptive times has become a big industry co-opted by shysters capitalizing on desperate people.

Getting on a spending budget that lets you pay your bills promptly and pay down your debt is nonetheless the most beneficial route to debt relief. Negotiating greater terms or lower payments and refinancing car or house loans are actions you’re able to take yourself.

Debt management advice—free of charge

For assistance with debt troubles, the National Foundation for Credit Counseling is a great place to begin. Anyone who requires free and confidential advice about debt relief may get it from this non-profit-making community group.

The NFCC provides consulting in person or by telephone. To find a counselor in your community go to

Chapter 3: Foreclosure and Mortgage


Like debt relief scams, alleged foreclosure companies offer to get your mortgage altered — after you send them a humongous fee. No adjustments happen; homeowners fall farther behind and go thicker in debt.

According to, the Indiana Attorney General alone filed thirty-four lawsuits against these companies. Like firms pledge to modify car loans with the same non-result.

Real Property

Refinancing is a way by which you are able to substitute an elevated rate loan with a lower rate commercial mortgage so that you’re comfortable paying back the debt on your house. But while you go for a mortgage refinance, be mindful of the fact that you don’t easily fall prey to a refinancing scam and wind up losing 1000s of dollars. As then you might require serious debt help.

Here are three refinancing scams you ought to be aware of if you’d like to prevent being a fraud victim:

Greater balances or payments:

Marauding lenders would attempt to push you into greater balances or payments if you refinance your mortgage. Such lenders might even allow you to borrow more than what you ought to be provided. This is frequently done by inflating the assessment on your home. The chief aim of such scammers is to take out more interest from you. And then if you default, the lender will take your home.

The better way to avoid this is to collect a few details of the lender’s services and the refinance loan plan that’s being offered to you and ask as many questions as conceivable.

Not supplying suitable disclosures:

There are lenders who don’t disclose every detail about the loan plan that he might provide you. It’s better to stand back from lenders who delays or refuses to supply information. Such lenders might even ask you for buried charges and additional fees which you shouldn’t be paying in reality.

Asking you to make payment on blank forms:

Frequently lenders ask you to sign on forms thereby stating that they’ll fill the blank spaces later on. It’s better to keep away from signing on such forms which have blank spaces. And, do read through the whole form before signing.

If you’d like to make your refinance deal a winner, look out for the refinancing scams and prevent making errors while you’re seeking the right loan that will help suit your needs.

Lately, the incidence of mortgage scams has expanded manifold. Not everybody may qualify to get a mortgage loan. Frequently it has been observed that loan officers step-up the income of the “subprime” purchasers so that they may qualify to receive a loan.

Other Details

- 1 Ebook (DOCX, PDF), 32 Pages
- Ecover (JPG)
- File Size: 6,887 KB
Copyright © PLR Store. All rights reserved worldwide.