Meet Rachel, Mary and Terry. These folks vary in age from 26 to 49, live all over the country, have different types of jobs and incomes, don’t know each other and have nothing in common…or so we thought.
What do they have in common? They all got burned by bad credit advice during the process of buying or refinancing a home. In these cases, the advice came directly from their trusted advisers such as mortgage brokers and auto dealers. Instead of helping them save money, following these recommendations led to credit score and loan problems.
In this article, credit expert John Ulzheimer details the bad credit advice these folks were given, the impact of those recommendations and what they could have done differently. Don’t fall for these common credit misconceptions!
Follow Us
