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Loan Modification

: Loan Modification & Home Loan News

How Loan Modifications Hurt Your Credit Score

By Moe Bedard

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Do borrowers taking part in the Obama administration?s mortgage modification program deserve a black mark on their credit records? Lenders use special codes to let credit bureaus know what customers are borrowing and whether they?re paying on time. When the loan modification program, which lowers mortgage payments for homeowners who are behind in their payments or [...] Related posts:
  1. Trial Loan Modifications Ruin Credit For Homeowners CNNMoney recently received a flood of e-mails from readers complaining...
  2. N.J. man learns modifying mortgage to cut payments may impair credit rating To confuse consumers even more, not all lenders follow the...
  3. FICO Says New Loan Modification Reporting Will Not Affect Credit Scores Jasmine Bendon of Ventura says her FICO scores dropped from...
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Full post as published by Loan Modification & Home Loan News on January 06, 2010 (boomark / email).

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