We Will Find Errors in Your Mortgage Statements GURANTEED or We’ll Pay You $100 for Wasting Your Time
If you want to find out how to stop the banks from taking advantage of you through errors and faulty systems, then keep your eyes glued to this page for the next 3 minutes; you are in for some shocking surprises. The banks have probably already overcharged you many times this year without even knowing it!
Government Studies Show
Over 45% Of Home Owners
Have Been Overcharged
More Than $1,500 by Their Lender.
13% of homeowners are due a refund of over $10,000
"I have now been reimbursed the exact amount of discrepancy I had found using your service of $7,563.04 plus reimbursement of the cost of the package against my loan."
Ann-Maree Enders
"I have checked 2 mortgages and I have another 8 or 10 loans to go. So far I have found an overcharge of $5156.29 and then $684.98 for compounded interest. The loan started in September 2002 and is still in place. So thank you for your service, it will help make my money work for me rather than be used by the bank free of charge. This service sure is a real winner."
Edward Nixon .
“Your service has uncovered overcharging by my bank to the tune of almost $1,300 just for the last two years. Like so many others, I had assumed the Bank would get the figures correct.”
Mike V
"We found a discrepancy of $8,643.00 on our fixed loan and this has now saved us $33,000 over the life of our loan."
Mrs. Mackenzie |
I don't know about you, but I work hard to pay off my mortgage as quickly as possible. Then to have the bank make mistakes and incorrectly take money from my account is not only unfair, but insulting. I never considered it necessary to check the calculation of my bank statement. I didn't think there would be a need. I couldn't have been more wrong. Every day people are receiving bank statements in the mail for their mortgages, saving accounts, personal loans and overdrafts that they assume are correct, but they are totally mistaken.
Do you actually believe your bank or non-bank lender would never make a mistake on your account?
Here's what the experts have to say.
"It would be naive to think there's such a thing as a perfect system, and that mistakes will never happen. Mistakes are a fact of life and I am not suggesting that banks intentionally do anything wrong…..
– Paul Clitheroe - Host of Channel 9's Money show and chief commentator for Money magazine
"The era of trusting the banks has long gone."
– Justice Clarke, New South Wales Supreme Court.
"Banks get almost every interest calculation on mortgages and overdrafts wrong at some point."
- Roy Brown Managing Director of Interest Research Bureau (IRB). |
I can't believe how totally naive I had been, just accepting that the banks never actually made a mistake and my statements were 100% accurate. Now surely these mistakes are just tiny errors involving a few cents here and there? Well guess again.
Banks Are Making Mistakes On Accounts Just Like Yours .... Every Day.
If you are like many people you may be tempted to think that "this can't happen to me" or that this "isn't a real problem and it's being blown out of proportion." Before you make that mistake think about this. The problem is that bank statements can be difficult to read and are not always what they seem. Some of the errors are very difficult to locate if you don't know what to look for.
"[In accounts for over 20 of my clients] I have discovered overcharges in approximately 75% of cases. The total of all mistakes, including overcharges of interest, fees and other irregularities amounts to over $500,000"
– Joe Naggy former Citibank executive now runs Midmark Financial Services
“A recent survey of bank statements conducted by The Interest Savers for Sydney Morning Herald readers showed an error rate of 54%, ....... The Herald's switchboard was jammed for a week by callers wanting their statements checked.”
- Journal of The Institute of Chartered Accountants in Australia
"The bank statements are never clean, [citing the experience of some 350 clients since IRB opened in 1994]. "Significant errors" occurred in 90% of statements.."
- Roy Brown Managing Director of IRB |
There is a way to keep the banks honest. We now have a simple and powerful service to check your bank statements quickly, easily and most importantly 100% accurately – ThinkLikeABank.com. But is it worth it? How often do these mistakes happen? Unfortunately, it is far more often than you would think.
“We dug deeper and deeper and found that this system of overcharging is virtually universal ... It runs across the entire mortgage lending industry.”
- Robert Abrams Former New York State Attorney General |
According to an independent audits by the F.S.L.I.C, mortgage overcharges occur in an estimated 45% of all Adjustable Rate Mortgages (ARMS) and cost Americans over $60 billion. The General Accounting Office confirms that almost 50% of ARMS have errors and overcharges to homeowners.
"The average error is about $100 per monthly statement.”
Staggering isn’t it? When I discovered the rate at which banks made mistakes I was stunned but assumed it must have just been a few dollars here and there; $90 dollars per monthly statement is incredible.
So what does this all mean? What does it add up to? You do your own sums, but here is what the statistics (and the most conservative ones at that) had me thinking when I first discovered them ...
Annual overcharges: $60,000,000,000
Homeowners with a home loan: 50,000,000
Average annual error per home loan: $1,200. So, on average over the last 5 years (ready for this?)
the average home loan has been overcharged $6.000.00!
According to the Federal Deposit Insurance Corporation (the U.S. government agency that insures or guarantees your bank deposits) home loan errors are costing Americans $8 billion to $10 billion each and every year.
Even if we use the lower number, provide by F.D.I.C., the amount of overcharges is outrageous. |