Could one stupid mix-up rob you of your dream home? According to mortgage broker Robert McLister, it sure can. He hits the nail on the head in his piece from The Globe and Mail – this paragraph accurately describes the struggle of dealing with telecom companies that are reluctant to admit to any wrongdoing, under any circumstances.
“Upon realizing the credit damage, it became an epic battle with the cellphone company. Convincing unsympathetic customer service reps that their employer made a mistake is like persuading Hillary Clinton to vote for Donald Trump.”
While our focus at Schooley Mitchell is business, this column does contain some good information about personal credit and the impact that service providers – more specifically, wireless companies – can have on your credit rating. Hard to believe that just one missed cellphone bill can annihilate a mortgage application. It’s scary stuff.