Monday, September 11, 2006
Dangerous advice from CREDITWRENCH
Recently I became aware of advice Creditwrench CEO Billie Bauer provided to a consumer that has an outstanding judgment. This consumer also owns real property.
The advice from CREDITWRENCH CEO Billie Bauer was that this consumer should make themself "judgment proof". This is a tactic promoted on numerous consumer message boards from which CREDITWRENCH CEO Billie Bauer obtains all of his information.
The advice included "moving bank accounts" and "hiding their car". Not sound advice because, under certain circumstances, these actions are illegal and can lead to criminal charges begin brought against the consumer.
Because this consumer owns real property, and a judgment has already been obtained, they could face the real possibility of losing their property. All the judgment creditor needs to do is obtain an abstract of judgment and they have a lien on the consumers real property.
The correct course of action in this case would be to consult an attorney as I readily advised the consumer.
CREDITWRENCH CEO Billie Bauer's advice is not only false and misleading, it is now becoming dangerous as it could cause a person to commit a criminal offense.
The advice from CREDITWRENCH CEO Billie Bauer was that this consumer should make themself "judgment proof". This is a tactic promoted on numerous consumer message boards from which CREDITWRENCH CEO Billie Bauer obtains all of his information.
The advice included "moving bank accounts" and "hiding their car". Not sound advice because, under certain circumstances, these actions are illegal and can lead to criminal charges begin brought against the consumer.
Because this consumer owns real property, and a judgment has already been obtained, they could face the real possibility of losing their property. All the judgment creditor needs to do is obtain an abstract of judgment and they have a lien on the consumers real property.
The correct course of action in this case would be to consult an attorney as I readily advised the consumer.
CREDITWRENCH CEO Billie Bauer's advice is not only false and misleading, it is now becoming dangerous as it could cause a person to commit a criminal offense.
