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Tatum said one afternoon in back March she received a call that she thought would make her task a little easier. The company, National Consumer Counseling, had contacted her promising to help her modify her loan.
She thought involving family would limit her risk.
“I told them, ‘Yes, I did need a modification,’ but … I wanted them to talk to my son first. I wanted him to be involved, as well,” Tatum recalled.
The company seemed to have no problem with pitching a well thought-out plan to the son.
“They said we have a group of people that have pooled their money together. They buy it from the loan people, (and) they do the rest,” Tatum said.
Satisfied with the answers, Tatum paid the $2,300 and, months later, still no modification. Instead, she received a credit profile by a company named Wisdom Financial.
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