Posted by Collette | Posted in Credit, Home Mortgages | Posted on 29-12-2009
Many people who modify their home mortgage using the President’s Foreclosure Rescue Program are getting a big surprise. According to CNNMoney.com , people didn’t expect that their credit scores were going to take big hits as a result. But think about it for a minute. People are calling their lender and telling them they can no longer make the payment and want to modify the original terms of the loan. I’m not sure how people didn’t think this would happen. Is this something that should affect a person’s credit? What do you think? I would love to hear your comments.
