I used to work for Household Finance. The live check is a way of Household Finance to identify that you are in financial trouble. If you cashed a check at 21% interest from an unknown bank in the mail, then you probably are having money problems. The process is then in effect to constantly upsell you, to a line of credit, an equity line, then eventually to get your first mortgage. Its done by playing with numbers showing monthly savings, saying if you consolidate your loans you’ll save money. Be wary because usually they include a proposal that consolidates your 4 year car loan over 25 to 30 years, which obviously shows a monthly savings. Its a company that preys on financially unintelligent poor people. By the way they will slip in insurance on top of their loans and credit offers, making the consumer think its not optional, when they are breaking the law with this deceit.
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