How to Avoid Fake Repossession Experts that Take Advantage of You

Guarantees

Repossession companies that guarantee success can only be guaranteed one thing, disappointment.

They are only offering a guarantee of success to draw you in and get you to call. In our experience, no two calls are the same. Everyone has different circumstances and requires different approaches to their individual situation to stop the repossession of their property. It is impossible to guarantee success before you speak to the person in danger of repossession.

Many repossessions can be stopped, or at least delayed. But there is no certainty of success without understanding your situation and your ability to work with us to get out of it.

If a company guarantees success, avoid them.

Free Legal Representation

You may come across repossession companies that offer free legal representation. Whilst legal costs may be limited, you might find yourself with a legal bill at a later stage.

When something is too good to be true, it often is. This is the case with free legal representation. It could be that the free legal representation is only in very specific cases and once you are speaking to the company they will tell you that your case does not meet those requirements.

This is a tactic that preys on people in desperate situations. Once you have engaged with these companies, hoping for free help, you will find further down the road that it is not free and may find yourself in further trouble.

If a company offers free legal representation, be very sceptical about speaking to them.

Hidden Offers

The guarantee of success and free legal representation might entice you to continue reading but further offers might encourage you to call. However, many extra offers may sound good, but create further issues down the road.

These could include:

• Nothing to pay upfront
• To pay your mortgage arrears
• Give you cash upfront
• Paying your rent or mortgage for 6 months
• Home equity protection
• To buy your property for cash
• A quick sale of your property
• To buy your property regardless of condition or location

Similar to the guarantee of success and free legal representation, these offers make contacting them very tempting. When you are in a poor situation, it seems like an easy way out. However, these companies are taking advantage of your situation and simply wish to either get your property at a price under market value, or ensure that you are indebted to them for a long time.

Always remember to read the terms and conditions of these companies carefully. Speak to trusted friends and family to ensure you are not making a snap decision that could lead to more problems.

Reviews

When working with any company online, reviews are the best way to decipher whether a company is genuine or not.

Do not trust reviews featured on the company website. These are easily written by the company and attributed with five star ratings. Use trusted external websites that require genuine reviews from genuine customers.

These external reviews include:

• Google Reviews
• Trustpilot
• Reviews.io

Always read reviews carefully, if they appear like they are written by the same person, then avoid!

Get Help With Homeowner Management Services

HMS is a repossession expert based in Swansea. We have spent over 10 years helping people who need help to stop repossession.

Whether you feel you are in a spiral to losing your home, or less than 24 hours from losing your home we can stop repossession in its tracks. We are here to provide genuine help and advice for people in difficult situations.

Give us a call now on 0800 298 0571.