800-400-7617, “eliminate your debt.. not debt consolidation..”
Who is this company? “John Commuta”? “… eliminate your debt … pay off your 30 year mortgage in 6 years… “? etc..
..can’t find them on the internet, but i hear their ads every day on the radio.
Has anyone called and found out what they are actually selling?
Please share your experiences on this post!!
March 7th, 2008 at 11:45 pm
I hear this ad on a Baltimore radio station all the time. I’d love to know how this “magical” debt elimination works.. I’m sure it’s just another scam. They don’t have a website… and they don’t give you a company name.. the red flags are up for sure! If I call, i’ll let you know the quality of their snake oil.
March 16th, 2008 at 9:42 pm
I don’t know this specific program, but most advertisements like this are for a service that basically takes control of your finances “for” you….for a fee, of course. THEY send you your paycheck–or what’s left of it–which has already been deposited directly into THEIR bank account. They allocate a portion of it to paying down your mortgage; the rest goes to you.
They “help” you by spending your money on your mortgage principle…so you can’t spend it on vacations to Aruba, new cars, or cough syrup for your kids.