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alphonso ziegler
Guest
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Post subject: why no listing in phila area |
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| there are so many fly by night companies with no good intentions so i get very catious when doing financial business |
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Erik I
Guest
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Post subject: AFS |
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| I just got off the phone with them and all it is is a Refi for your home. You can borrow up to 85% value. If you have equity you can pay off other debt. You are not preapproved. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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Post subject: |
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please be certain of one thing: if you receive a "preapproval" letter or phone call from a company that you have never heard of, you must know that it is nothing but a gimmick to get you to offer up your information to that particular company so they can try to ensnare you with their product. that is not to say that what they are doing is necessarily bad, but it is pretty sneaky and most definitely deceptive.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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preeti dhuware
Guest
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Post subject: papulation problam |
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| at what time in this word becoz this is a very good information |
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Phil
Guest
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Post subject: AFS "Approved loan" |
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I understand the logic of mass mailings. My wife (66) got one saying she was approved for up to $271,050. I was bored this morning so I read all 13 pages of posts, did my own BBB research on the company and took advantage of their offer on the back page to opt out of pre-screened offers (optoutprescreen) you add the d0t c0m.
Under the Fair Credit Reporting Act (FCRA), the Consumer Credit Reporting Companies are permitted to include your name on lists used by creditors or insurers to make firm offers of credit or insurance that are not initiated by you ("Firm Offers"). The FCRA also provides you the right to "Opt-Out", which prevents Consumer Credit Reporting Companies from providing your credit file information for Firm Offers.
Through this website, you may request to:
•Opt-Out from receiving Firm Offers for Five Years - (electronically through this website).
•Opt-Out from receiving Firm Offers permanently - (mail Permanent Opt-Out Election form available through this website).
•Opt-In and be eligible to receive Firm Offers. This option is for consumers who have previously completed an Opt-Out request - (electronically through this website).
If you choose to Opt-Out, you will no longer be included in firm offer lists provided by these four consumer credit reporting companies.
My advice for those of you that believe in the tooth fairy, is to sign up and reduce your stress level.  |
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Credit Collector
Guest
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Post subject: Advanced Financial Services |
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| This company like many others send out requests like this so that they can get your personal information to pass along to Credit Collection Agencies. Don't call any of them. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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Post subject: |
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phil, thank you very much for taking the time to read through your wife's "prequalification letter" and following up with that post. you've given out some valuable information, and i hope that those "who believe in the tooth fairy" will reconsider their belief systems and act accordingly.
i hope you didn't get into trouble at home in opening your wife's mail.
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George M. Akerley
Loan Consultant
860-221-5044 |
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arya310706
Joined: 29 Jul 2009
Posts: 48
0.09 Dollars($)
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Post subject: |
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| does it meaningful?Advanced financial services really helps as company? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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Post subject: |
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arya, as you can clearly see from the preceding 12 pages, there is a great deal of conversation about this company, both good and bad. i think if you take the time to read through these posts, you'll get a good grasp of them...do that please, in the interest of energy saved.
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George M. Akerley
Loan Consultant
860-221-5044 |
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Another Sucker
Guest
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Post subject: AFSI |
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| Class action law suit pending? |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7405
Location: bloomfield, ct
62.63 Dollars($)
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Post subject: |
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to another: i don't know why there would be a class action suit. i don't see any evidence (from my memory) in this thread that such a suit has been begun. if the major impact that this company has is annoying people with "prequalifications" i don't see much success coming in any such suit, even if filed.
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George M. Akerley
Loan Consultant
860-221-5044 |
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knalaweyei17
Joined: 25 Jul 2009
Posts: 24
15.03 Dollars($)
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Post subject: hi |
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| thanks for sharing this information.... |
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Longtoothed Homeowner
Guest
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Post subject: AFS |
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| DH received an offer today from AFS, David Noyce, President 1-800-644-3327 for a loan amount "up to $417,000.00". It states "As an approved homeowner, you have qualified for a Bill Consolidation Loan at our lowest fixed rate (see terms above). *Fixed rate 6.000% (6.185 APR)* It also gives a loan acceptance personal ID number. Inside it states "Dear (DH's name) I'm delighted to inform you that "I'm delighted to inform you that you have been approved for" and gives the loan amt and rate. |
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Longtoothed Homeowner
Guest
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Post subject: AFS |
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According to AFS, I am approved, not pre-approved, and they only need my acceptance.....states "We must have your acceptance now. If we do not hear from you, we must offer this money to another homeowner." There is no application fee, and the offer expires on Sept 3. It states in another area, in a box, "Approved: Yes" Then states If everything in your credit history is accurate and your application meets preset criteria, including income and collateral requirements you will get your loan. See terms and conditions on the back. Under terms and conditions "Fixed Rate Morgage in first lien position with a loan amount of $220,000.00 30 year and 1.5 points. Stated rate may change or not be availabe at the time of loan commitment or lock-in. Then discusses the different states and if AFS in licensed in them etc.
It does state, under the prescreened opt out heading, that this is a prescreened offer of credit based on information in your credit report indicating that you meet certain criteria. This offer is not guaranteed if you do not meet our criteria including providing acceptable property as collateral. So according to this, I should be 99% sure of a loan if my house is "acceptable". What I don't understand is if this is a re-fi loan based upon the value of my home, they should know that my home in today's market will not be valued at over $00,000.00. The statement regarding a value of $220,000.00 for the first lien is also somewhat confusing unless they are going to add $200,000.00 to the loan as unsecured. I haven't called them,, but if DH sees this, he probably will. Should I shred it quickly? lol |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Post subject: |
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It would be better if you could first call their customer service department and understand the details of the loan. This will help you in understanding whether or not it is a legitimate plan. And then you can decide whether you should go with it. As far as the value of the property is concerned, the lender cannot know it automatically. The lender would appraise the property to know it's exact value.
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Good is the Enemy of Great. |
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