Elderly woman victim of alleged loan scam

Elderly woman victim of alleged loan scam »Play Video
BAKERSFIELD, Calif. -- Ginger Tatum has worked hard over the past few years keeping up her home in northeast Bakersfield.

"Looks like I'm loosing the rest of my walnut tree," Tatum said while walking around her yard.

Tatum said one afternoon in back March she received a call that she thought would make her task a little easier. The company, National Consumer Counseling, had contacted her promising to help her modify her loan.

She thought involving family would limit her risk.

"I told them, 'Yes, I did need a modification,' but ... I wanted them to talk to my son first. I wanted him to be involved, as well," Tatum recalled.

The company seemed to have no problem with pitching a well thought-out plan to the son.

"They said we have a group of people that have pooled their money together. They buy it from the loan people, (and) they do the rest," Tatum said.

Satisfied with the answers, Tatum paid the $2,300 and, months later, still no modification. Instead, she received a credit profile by a company named Wisdom Financial.