When the creditor wants more money :: Financial Scams

What happens if the creditor tries to get more money from you? Is it extortion? Theft? Fraud? Here is an example: Courtesy of Household – HSBC Watch: “I made a settlement agreement with a gentleman by the name of Eddie Anderson at HRS (HSBC Retail Services). Our agreement was a down payment of 500.00 on …

The Undocumented Side Agreement Scam :: Financial Scams

The Undocumented Side Agreement Scam This scam is an old scam, sometimes called an “out of escrow” scam, and sometimes used to inflate assets before buying a home. Some analysts say undocumeted side agreements led to the subprime mortgage crisis. Consider a modest home selling for $50,000 and a potential buyer with little or no …