Piggybacking Credit Scores How Much Money Can You Save? Enough to afford keep your home?

See Full CNN Transcript (More Info)

WILLIS: Joining us now are John Coates, an online strategy consultant for Instant Credit Builders. And Bob Moulton of Americana Mortgage. Welcome to you both. Now before we get started. I just have to show you some numbers we came up with. So you can see why people would want to do this. For example, let's take somebody who had an original credit score of 580. Not a good score. OK. Let's say they wanted to have maybe 180 extra points, a new credit score of 760, that they're willing up to pay $3,000 to get.

Now, if they were getting a $300,000 mortgage, each and every month they would save $541 on that mortgage because of their better credit score. That means that this would pay for itself in approximately six months.

Now, John, I want you to tell me what's wrong with this picture? This sounds too good to be true.

COATES: Well, it sounds too good to be true because we're finally able to throw the American people a rope to help them climb out of the hole, basically the hole that they were thrown into, you know, through terrible practices like subprime lending, predatory lending practices.

You know, when we look at the facts, there's 250,000 homes that are in pre-foreclosure right now in our country. This is literally a disaster on the scale of hurricane katrina every 90 days! Join (More Info) for community reviews and rating on the companies that can help you afford the American Dream!

Webmaster for UGF (More Info) - John Coates is seen on CNN explaining why extreme measures were needed to do whatever it took to keep distressed subprime victims in their homes.

This aired on CNN Open House June 16, 2007, this at a time when the Dow was hitting record highs, just months before every major bank in the country started posting unheard of losses tied to subprime lending.

I can say but only this, there are more than 2 streets in America. - Wall Street, Main Street, and a 3rd,  the people that struggle to live on MLK Street!

Its UGFs mission to lead those disenfranchised on MLK Street to financial freedom and giving them the same advantages as their Wall Street and Main Street counterparts in our Capitalist American Society!

Learn more at (More Info) (Special interest webmaster John Coates on primetime news again) this time helping people stay in their homes a year before the recession of 2008 that really started hurting the American people in Late 2006.

The Government was only 2 years to late in helping the American people restructure their debt. Leaving many Americans no other choice, those people that could afford it took matters into their hands and piggybacked on a network of credit investors to make their homes affordable.