If there is one clear and obvious lesson to be learned from the last few weeks it is that banks (and other lenders) are clearly very fallible. Sometimes those mistakes send them broke ... more frequently however their mistakes actually cost you money (so it's critical you read this now).
A study conducted by the Sydney Morning Herald about banking errors found that 54% of monthly loan statements contain errors and that the average monthly error is $242.
This may not sound like much but an error like this can cost you well over $20,000 over the life of a loan. Ann-Maree Enders of Kingsley in W.A. checked her statements and found $7,563.04 was missing from her accounts.
To find these errors she used a program from Mortgage Watchdog and we highly recommend you use it also. Mrs. Mackenzie from Logan City in QLD used it and said "We found a discrepancy of $8,643.00 on our fixed loan and this has now saved us $33,000 over the life of our loan."
That is some serious money right there ... that's the deposit on another investment property. This really can have that big an impact on your personal bottom line. That is why we have spoken to Mortgage Watchdog and organised a discount on this for you.
Just click here for the details but this is only running until next Monday.
Here is the amazing part, they are so sure you have mistakes in your statements waiting to be found that they say check your statements and if you don't find any errors they will give you $250 for wasting your time.
You can't get fairer than that can you?
You really do need to be checking and it's crazy to think "this couldn't happen to me" ... because it probably already is. Grant Redding of Nerang in QLD checked and said "I have found errors in some cases over hundred dollars on my monthly statements, ..... which has added up to over $14,000.00. Thanks for the program"
Click here now and get back the money you are owed by your bank.
YOUR QUESTIONS ANSWERED
For your convenience I have answered below the most common questions about Mortgage Watchdog.
As you are probably aware I have organised a massive reduction on their software for 21st Century Academy clients because we really think you should be using this. This also includes their 250% "Success Guarantee". Unfortunately this expires on Monday so you only have a few days remaining.
FAQ #1: Do they really pay me an additional $250 if I don't have any errors?
Yes, most definitely. Andrew at Mortgage Watchdog is so confident you have errors in your statements that he is going to "put his money where his mouth is". He knows from years of experience that the chances of you actually NOT having errors is very, small. That is why they will give you the additional $250 for wasting your time. They know the banks are making errors in your statements and want to help you find them.
FAQ #2: Where do they get their figures on error rates from?
Mortgage Watchdog use the most conservative figures available on bank statement errors from surveys conducted by independent third parties (i.e. they didn't just do the studies themselves). These figures were published in the Sydney Morning Herald and were the result of surveying over 200 monthly statements from 18 different lenders. This survey found that just over 54% of monthly statements contain errors, other published surveys show error rates of over 90%.
FAQ #3: Can I check mortgage accounts that I have already closed?
Yes you can. Mortgage Watchdog has had one customer who used the software to successfully claim back account errors on a loan that had been discharged 10 years earlier.
FAQ #4: Do people really get their money from the banks?
Yes they do. People are regularly finding significant errors on their bank statements and getting it back from the banks. I have sent through a lot of example already but here is another one from Mychelle Morrissey of Wattle Grove in WA. She says ..."6 weeks later the bank sent us two cheques, one for the Husband and one for me. The total we received from the bank was $4,000.00.
Best investment I have made all year. Thank you Mortgage Watchdog." and there are plenty more stories like this on their website.
FAQ #5: Does it cover "XYZ" type of loan?
Mortgage Watchdog is yet to find a type of loan or account that is not compatible with their software. No matter what fancy name your lender gives your account they all use the same interest calculation method. The discount we have negotiated for you expires on November 3rd, 2008 so you will need to act quickly. You really should be using this software. To take advantage of it click here
1800 444 710