Consumer reviews and reports on scam companies, bad products and services
National Loan Restructuring
National Loan Restructuring LLC scam - LOAN MODIFICATION - PAID 2495 - DID NOTHING Internet
18th of Nov, 2010 by User425499
We signed on with National Loan Restructuring 8/18/09. At that time we were told we were good canadiates for the program. All we had did do was give are financial information and a check for 2495. They would contact our mortagage company and apply for modification for the loan. They said it was for the life of the loan and that we could get a lower interest rate without having to refinance. The person assigned to our account did nothing. I was calling every week for an update. Then she told us not to make payments on our mortgage during the modification. I spoke to several key people at the company they all assured me that everything was going well. I ended up paying 300 less a month on my mortgage for six months. I am back paying what a used to plus the additional money that I did not pay over the six months.


We were ripped off and put though alot of hassle and ended up with the same payment and damaging our credit score. This company should be held accountable for what they are doing to people in hard financial times. We thought we were doing the right thing order to be financially responsible. We were scammed and I hope people read this and don't fall for the scam!!!!

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