We are hearing that there are new scams cropping up daily. It seems that every difficult situation, becomes more difficult with the threat of someone 'trying to help' or 'trying to bailout' the person in trouble. And, often times these are scammers trying to take your hard earned money right out of your hands.
Well, now we are hearing that with all the recent bank closures, past customers are receiving official looking letters indicating that they should discontinue sending their credit card payments and mortgage payments to the previous address in which they were mailing them, and mail them to a new post office box address.
STOP before you do this!
These letters are not always legitimate. Some of these phony letters are providing phony addresses.
Often times it's fraud.
Check with the old lender and check with the new lender before sending anything at all.
BE SURE YOU KNOW EXACTLY WHERE YOUR MONEY IS GOING!
This article is authored by Sandy Shores, Melbourne FL REALTOR.