“Information and Advice can be Dangerous”

 “Information and Advice can be Dangerous”





Hi Joe 

I Have a friend who is selling her home and at the same time buying...


If she consolidates some bills through her credit union will that be a bad thing when searching for a mortgage?


She will be paying Dr bills, City tax and one credit card 


What will it show on credit?



I understand that friends want to be helpful, but decisions around credit and mortgages need to be addressed by a professional in the business. For me to attempt to answer some of these questions without truly understanding everything involved is like calling a doctor and saying you don’t feel well and ask for some sort of medication.


Once I speak to her friend and get a lot more details and understand credit, then I will be able to offer some coaching.


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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Comment balloon 7 commentsJoe Petrowsky • February 14 2019 03:05PM


Good advice, as always, Joe Petrowsky what some think as helpful could easily be counterproductive... ask Joe first!!

Posted by Barbara Todaro, Marketing Agent for The Todaro Team (RE/MAX Executive Realty ) over 1 year ago

You are so right! Credit advice is better left to the professionals that do it for a living!

Decisions around credit and mortgages need to be addressed by a professional in the business.

Posted by Sham Reddy CRS, CRS (H E R Realty, Dayton, OH) over 1 year ago

Yes, speaking directly to a professional to get advice is the way to go. For any profession.

Posted by Kat Palmiotti, The House Kat (406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty) over 1 year ago

Good morning Joe. Your point and analogy are apt. I remember the most important thing I learned in real estate school was..."seek competent advice."

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 1 year ago

Morning Joe.

A hit and miss approach will work sometimes, but not when one is considering a purchase of a home.  

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty) over 1 year ago

Great advice Joe Petrowsky, go see a professional when in doubt is the way to go. 

Posted by Nicholas Crane, Managing & Appraising Forest Land (Woodland Companies) over 1 year ago

This is excellent advice Joe Petrowsky. When it comes to financial matters, dependency on what friends think can be a cause for misfortune. Financial experts delve deep and ones like you have been the business for a very long time.   

Posted by Patricia Feager, MBA, CRS, GRI,MRP, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 year ago