Credit Infocenter
Call Lexington Law 800.461.0524 for a FREE Credit Repair Consultation

Don't Become a Victim of a Mortgage Relief Scam

Written by: Kristy Welsh

Last Updated: August 14, 2017

There are few things more stressful than the threat of losing your home. So it's no wonder so many people fall victim to mortgage relief scams. While the claims may sound too good to be true, those facing the alternative (monthly payments they cannot afford or, worst case, foreclosure) suspend disbelief.

Federal and State officials filed lawsuits accusing dozens of companies of ripping off struggling homeowners by falsely promising help in avoiding foreclosures or lowering mortgage payments while collecting millions of dollars in illegal upfront fees. Don't fall victim to one of these companies!

Tips to Avoid Mortgage Relief Companies

Talking to your lender is always a better alternative to a mortgage relief company. Your lender doesn't want you foreclosing either, so you may be surprised at what they may be able to work out. You may also find help through the Homeownership Preservation Foundation, a nonprofit that offers assistance with the loan modification and foreclosure prevention process.

If you feel you may have fallen victim to one of the above scams, call your local State Attorney General office immediately. They will assist you in any legal action you may have to take against this company.

Call 800.461.0524 and speak to a Credit Repair Expert at Lexington Law
Have Questions About Credit Repair? Get Answers with a FREE Consultation
Free Credit Repair Consultation & FICO® score from Lexington Law