CREDITWRENCH and the law

Wednesday, February 16, 2005
Uncle Normie makes the next outrageous declarations.

On one of his credit repair blogs, CREDITWRENCH CEO Bill Bauer claims that because of his knowledge to vacate a judgment he would never have to worry about having a foreclosure on his house.....again.

Not so if he planned on buying a home in Oklahoma. Oklahoma is a nonjudical foreclosure state. That means when you buy a home there you execute a power of sale when you sign the mortgage note. If you default on the mortgage, the mortgage company can foreclose on your home without ever even going into a court room. There is no judgment, therefore no judgment to vacate.

Real funny that none of the mortgage companies seem to know about that little trick. It is also funny that 5 different mortgage lenders in Oklahoma has said that Normie is wrong and so have 3 state senators, all of them attorneys. Yes, I actually did call up that many just to be able to prove him to be either right or wrong. All of them said that Normie's information is false and misleading. The Oklahoma County Sheriff also says that he is wrong. I just happen to know John Whetsel, Sheriff of Oklahoma County and he says Normie is full of crap too.

Now who are we going to believe, 5 professional mortgage lenders, 3 state senators and the Sheriff of Oklahoma County or a lying braying jackass?

The rest of his brayings are all just as false and misleading.

Internet scams

What is the meaning of "phishing"?

Phishing scams are done by scammers who send emails that look like they come from well-known companies and banks (for example, CitiBank, BestBuy, PayPal, AOL, etc.) in order to get the victim to surrender private information.

These scams are called phishing scams because scammers go fishing for your private information (fyi: techies like to replace the letter 'f' with 'ph').

The scammer's goal is to steal your credit card or bank info -- or worse, your identity.

The email directs the victim to a website where the victim is asked to enter personal information, such as passwords and credit card, social security, and bank account numbers that the legitimate organization supposedly already has.

The website, however, is bogus and set up only to steal the user's information.

There are many reasons the scammers give you to go to a fraudulent webpage to 'correct' the mistake, or validate or update your info. For example, they may tell you that they found a charge that may be fraudulent, or that you need to update your account information as part of a new security initiative.

These scams have gotten VERY sophisticated.

Advice: Never click on the links in these emails. They look real, but they go to the scammer's website. If you think there is any possibility the email is legitimate, type in the home page of the legitimate website instead.

There are lots of other types of scams using fake websites and blogs too. Using the real name of a legitimate website or a blog scammers attempt to lure you to their scam website or blog with similiar sounding names.

One example is the scammer who has taken the name of a very famous blog (http://creditwrench.blogspot.com) and set up his own phishing blog which he calls creditwrench-TheTruth and he attempts to give information about credit repair and how to do it for free. This can be very misleading to folks who don't yet understand that credit repair is little more than a waste of time and money, and these days money is important even if it is a small amount. Small expenditures over a long and extended period of time can soon add up to a major drain on your family budget. Advice that might be free on the internet isn't really free at all if it wastes both time and money. In fact that which we were led to believe is free actually turned out to be very expensive if it gets little or no results.

Credit repair can take months and even years to accomplish. So called "credit repair experts" who charge for their services will usually tell you that it can take at least 2 or 3 years of paying for their services to get the job done. They are at least being honest with you and giving you a fair idea of what to expect. Those offering to give you so called "free" advice don't tell you that.
They lead you to believe that their way is not only free but quick and easy too.

But what ends up happening is that you go to their "free" websites or message boards, get all that "free" advice and you do as they tell you and spend huge blocks of time that you could have spent with your family taking your kids to the park or visiting with friends or whatever families do together. You end up depriving your family and yourself of quality time while you are spending hundreds and thousands of hours on the internet searching for the "magic key" all because you listened to the siren song of some scammer who stole the good name of another to promote his own agenda.

The "trademarks" of the scammer will always be plain and easy to spot. They will use false website hit counters such as the ones on the left (used as an example only) to make you think they get lots and lots of visitors, lure you into using false and misleading search terms leading to their websites and blogs and message boards filled with hate for others and trumped up schemes to fix your credit.

A prime example of this type of "phishing" is the scammer who stole the good and well respected name of CREDITWRENCH and turned it into the fake name creditwrench-thetruth and filled the false and misleading blog with all manner of seemingly good ideas but which upon careful examination will easily be seen as nothing more than just plain old misinformation.

Would you like to send an email to the louse that stole the creditwrench name?

So can you trust this blog? The internet trust guage report says you can. Here is their latest ranking for this blog.



Here is another way you know for sure who is scamming you and who is not. Scammers will hide behind fake email addresses and never tell you who they are or give you a valid phone number or address. It is the same here on the internet as it is right there in your home town. Would you do business or listen to the advice of a consultant if they would not tell you who they really are or what their phone number is or what their addres is? I wouldn't and I would advise you not to either.

If you want the real truth just call me.
Bill Bauer
405-616-7901
405-227-9423

1604 S.W. 28th Street
Oklahoma City, Ok. 73108