Why am I having trouble with a 500 score, when the ads say 500 scores fine?
In July of 2013, I became permanently disabled, cutting my salary by more than half. As soon as my bank (with whom I had been for 35 years) found out, they cancelled my line of credit (only $2,000), causing a trickle down problem with credit cards etc. I have tried to work with creditors, but not getting cooperation. Income is fine and LTV ok, they say. No mortgage lates.
Answers | 1
Licensed lender with over 10 years experience in Boulder, CO
February 12, 2016
Asked by Nancy
Answered by Justin Clark
Mortgage Professional in Moreno Valley, CA
A line of credit is interest only. You DO have to make payments though. If you bor...
Answered by Steven Etimos
Insurance Agent in West Islip, NY
Alec, you would start by contacting various credit card companies ones that offer ...