Has anyone heard of Mariners Capital? I got an email from them today saying I am preapproved for a loan of $71,999. I did a web loan application for 2nd Mortgage/debt consolidation back in October 2005 and they are now writing to me. I live in a mobile home in a mobile home park, where I pay lot rent. This doesn't sound right to me. They have property value as $79999 for a 1972 single wide mobile home? When we biought the home the loan was $80.000 (bad credit etc) they say they will work with bad credit and low sscore 500 or less. Just wondering if anyone heard of these people. Thanks.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.