The other night I was watching Today Tonight on Channel 7 and they were talking about a product that could save people with a mortgage thousands of dollars. Even though I do not have a mortgage the story piqued my interest because it resolved around banks overcharging their customers. It appears that a lot of banks were overcharging their customers and even though the amount may not be all that big, over the term of the loan it could amount to thousands of dollars!
It was discovered that only recently a major Australian bank had found they overcharged fees on 55,000 customer’s accounts! In total they had overcharged their customers a staggering $52,000,000!
The reason that many people do not pick up on these errors is because many bank statements can be difficult to read causing these errors to be missed. A program was developed, Mortgage Watchdog, and the developers of this program are so sure that you will find an error in your statements that they promise a money back guarantee if you do not find an error. Not only that, they will also offer the; ”
$250 Success Guarantee”. Find errors in your bank statements or we refund your money AND give you an additional $250 for wasting your time.
So how can you lose? If that wasn’t a good enough deal you also get the following with the Mortgage Watchdog Deluxe Bundle.
|
Mortgage Watchdog software |
$198.00 $ 59.00 $100.00 $ 25.00 $ 25.00 $ 25.00 $ 25.00 |
|
| TOTAL | $457.00 Your Price: $198 |
As far as I know the software only works in Australia, but if I hear any different I will let you know. Don’t for a second believe banks do not make mistakes. I’ve heard a lot of news broadcasts where they have admitted to making errors, the question is not if they have or not but how much is it costing you. If you are lucky enough to find your statement is error free, not only do you get your money back but an extra $250.
EDIT: I believe that the program, or a version of Mortgage Watchdog is also available in the States and this following link will take you straight to the US order page of Mortgage Watchdog.
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Great post, Sire. I wonder if we have anything like this in America. I know that across the board we have to many sneaky fees that there’s no way to keep up with all of them on our own. It would be nice to figure out a way to figure it all out.
Mitchs last blog post..Madoff’s Ponzi Scheme
I was a bit disappointed in not having a mortgage as I would really have loved to test this out. According to the report done on it by the current affairs program, they have a whole heap of satisfied customers.
If you’re disappointed in not having a mortgage, then why not just take out a second mortgage on your house, then give it a try? I’m betting you’re not quite that disappointed. :jittery_tb:
Mitchs last blog post..Number 301, A Year To Remember
:doh_tb: OK, you got me their Mitch.
A lot cheaper is the original prgram:
http://www.mortgage-watchdog.com
Hi Jim, you must be from the states as the link I gave was an Australian site. That price on that page is in US dollars and I also noticed that you don’t get all the freebies. Thanks for the info though as I can now offer a link to all those who may need it in the US.
If you hear about anything like this for the states, please let us know!
Agitationists last blog post..Why EveryBlock Rules the Neighborhood
Actually, if you go down to the bottom of the post there is a little edit with a link that will take you to the US version, which I think is cheaper but doesn’t offer you all the freebies.