MoneyWise


Credit Repair Scams

November 9, 2018

On this MoneyWise, Rob West and Steve Moore offer biblical wisdom on credit card scams as well as caller scams.  They also talk about paying down debt and helping your children to get a mortgage. 

Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If one of your sons just went through college and is having trouble getting a mortgage because of student loans, should you think about helping him get a mortgage in your name?
  • If you have $43,000 of debt including both personal and business debt on 2 credit cards and a home equity loan, can you consolidate that debt?
  • If you're receiving calls saying that you're the second place winner in a contest for millions of dollars and to send money in order to receive the prize, is this a scam?

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