Adding an Authorized User to Your Credit Card Account Can Hurt More Than it...
My oldest daughter recently turned 18, and as many parents with children in college are compelled to do, my wife and I added her to one of our credit card accounts. She attends a college that’s 2 1/2...
View ArticleCredit Enhancement Story Starts to Heat Up
Back in mid-January of this year, I sent a letter to every states’ Attorney General to warn them about a credit enhancement scheme that’s gaining in popularity among some mortgage and real industry...
View ArticleCredit Enhancement Dupes Lenders into Approving Risky Loans
I field a lot of phone calls from newspaper reporters trying to understand the 3 S’s of real estate and mortgage fraud: Size, Scope, and Specifics. Any mention on my part that ‘credit enhancement’ is...
View ArticleMore on Credit Enhancement, from Bankrate.com
It has been about three months since I have written about credit enhancement schemes. Today I bring the issues up again because of an excellent story on the topic that appears on Bankrate.com. In...
View ArticleBuying a High Credit Score No More: Credit Enhancement Loophole will soon Close!
Back at the end of January, I posted a blog entry that contained the following statement: To fix the [sic:credit enhancement} problem, credit reporting agencies need to change the formulas they use to...
View ArticleFriday’s Real Estate & Mortgage Fraud Round-Up
Nightmare on Highbury Court: A dispute over bricks led to bankruptcy, eviction, jail and fractured lives; first of two parts. Life was good for Roland and Marie Dreilich in the summer of 1999. In their...
View ArticleCredit History Fraud Alleged in $3 Million Lee’s Summit Mortgage Scheme
California Woman, Florida Man Indicted KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced that a California woman and a Florida man were indicted by a...
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