Comments for Credit Dusters http://creditdusters.wordpress.com Your Resource For Credit And Financial Literacy Sun, 06 Jul 2008 19:32:58 +0000 http://wordpress.org/?v=MU Comment on Loan Modification – The Best Chance for Success by Arthur http://creditdusters.wordpress.com/2008/04/30/loan-modification-%e2%80%93-the-best-chance-for-success/#comment-309 Arthur Tue, 17 Jun 2008 22:19:43 +0000 http://creditdusters.wordpress.com/?p=101#comment-309 Here is my SUCCESS story with Chase. I applied for a mod in December ‘07 and they lost my file. I had to do it again in January. Then, after two months and calling weekly it was “at the underwriters.” After two more months and weekly calling I was being put on a priority list because so much time went by. Finally, a week ago I was successful. I heard I had been approved and the people on the phone really couldn’t tell me what the terms were. Today I got a simple letter: Your old rate of 8.69% (this was the arm it really started at 6.7% for 2 years) has been modified at the fixed rate of 5.375% for the balance of the loan. HOLY CRAP!!! I can keep my house and actually got a GREAT rate to boot! I hope everyone stays with it and can keep their homes. FYI I was falling behind in my payments more and more over the course of this process. I never got 30 days behind, but I was close. Thank you CHASE!! Here is my SUCCESS story with Chase. I applied for a mod in December ‘07 and they lost my file. I had to do it again in January. Then, after two months and calling weekly it was “at the underwriters.” After two more months and weekly calling I was being put on a priority list because so much time went by. Finally, a week ago I was successful. I heard I had been approved and the people on the phone really couldn’t tell me what the terms were. Today I got a simple letter:

Your old rate of 8.69% (this was the arm it really started at 6.7% for 2 years) has been modified at the fixed rate of 5.375% for the balance of the loan.

HOLY CRAP!!! I can keep my house and actually got a GREAT rate to boot!

I hope everyone stays with it and can keep their homes.

FYI I was falling behind in my payments more and more over the course of this process. I never got 30 days behind, but I was close.

Thank you CHASE!!

]]> Comment on Loan Modification – The Best Chance for Success by Angelique Meeks http://creditdusters.wordpress.com/2008/04/30/loan-modification-%e2%80%93-the-best-chance-for-success/#comment-308 Angelique Meeks Thu, 12 Jun 2008 22:18:08 +0000 http://creditdusters.wordpress.com/?p=101#comment-308 Hello, Thank you for posting this article dated April 30, 2008 at 4:10 pm. I have some info that you may be interested in hearing. I'm a homeowner and Washington Mutual services my adjustable rate loan mortgage. I requested a modification following every step you listed in your article. However, WAMU sent me a denial letter stating they could not help me because my rate didn't change, which is 10.85%. and to reply again in November. When I called them, a rep advised me that my denial was due to me making my payment on time every month so they skipped my loan for modification consideration. But I borrowed the money to make my payment, which they know from my hardship letter. Therefore, the rep advised me they could help me if I skip two monthly payments. Then during our conversation, I found out that the rep was a supervisor. Since then I've called back to confirm It's ok to miss my July's payment and they are fine with that. They advise me to call back when I'm two months behind. Then I should qualify. I could be wrong, but is this a good way to practice business? Hello,
Thank you for posting this article dated April 30, 2008 at 4:10 pm. I have some info that you may be interested in hearing. I’m a homeowner and Washington Mutual services my adjustable rate loan mortgage. I requested a modification following every step you listed in your article. However, WAMU sent me a denial letter stating they could not help me because my rate didn’t change, which is 10.85%. and to reply again in November. When I called them, a rep advised me that my denial was due to me making my payment on time every month so they skipped my loan for modification consideration. But I borrowed the money to make my payment, which they know from my hardship letter. Therefore, the rep advised me they could help me if I skip two monthly payments. Then during our conversation, I found out that the rep was a supervisor. Since then I’ve called back to confirm It’s ok to miss my July’s payment and they are fine with that. They advise me to call back when I’m two months behind. Then I should qualify.
I could be wrong, but is this a good way to practice business?

]]> Comment on Zombie Debt: Coming now to a Credit Report near you! by Loan holder http://creditdusters.wordpress.com/2008/03/04/zombie-debt-coming-now-to-a-credit-report-near-you/#comment-306 Loan holder Tue, 03 Jun 2008 08:09:11 +0000 http://creditdusters.wordpress.com/?p=44#comment-306 Very nice blog! Keep up with the good work. Very nice blog! Keep up with the good work.

]]> Comment on FCRA Series: Protecting your child from ID Theft by Danys M. http://creditdusters.wordpress.com/2008/03/07/fcra-series-protecting-your-child-from-id-theft/#comment-300 Danys M. Tue, 29 Apr 2008 19:42:18 +0000 http://creditdusters.wordpress.com/?p=48#comment-300 Excellent Article, I'm 17 and my SSN has been used. Reading this gave me an idea how to dispute what is no mine. =)) Excellent Article, I’m 17 and my SSN has been used. Reading this gave me an idea how to dispute what is no mine. =))

]]> Comment on The anatomy of A credit watch service by Tom Johnson http://creditdusters.wordpress.com/2008/02/29/the-anatomy-of-a-credit-watch-service/#comment-296 Tom Johnson Tue, 22 Apr 2008 15:51:01 +0000 http://creditdusters.wordpress.com/?p=37#comment-296 Matt, Thanks for recommending "Trucredit." However, the link you provide above takes me to "CREDIT.COM." I asked the online "operator" there if it's the same company as "Trucredit" and he replied, "No, Trucredit is a Transunion service." Then, I located yet another site, "Trucredit.com" Please clarify. Many thanks, Tom Matt,

Thanks for recommending “Trucredit.” However, the link you provide above takes me to “CREDIT.COM.” I asked the online “operator” there if it’s the same company as “Trucredit” and he replied, “No, Trucredit is a Transunion service.” Then, I located yet another site, “Trucredit.com” Please clarify.

Many thanks,

Tom

]]> Comment on How a secured credit card can help you rebuild your credit score. by tv bracket http://creditdusters.wordpress.com/2007/10/10/how-a-secured-credit-card-can-help-you-rebuild-your-credit-score/#comment-293 tv bracket Wed, 16 Apr 2008 08:51:36 +0000 http://creditdusters.wordpress.com/2007/10/10/how-a-secured-credit-card-can-help-you-rebuild-your-credit-score/#comment-293 The idea is pretty neat, but how can we do a deposit as we don't own any credit card for it? The idea is pretty neat, but how can we do a deposit as we don’t own any credit card for it?

]]> Comment on How To Proactively Protect Your Identity by Nelly Tailor http://creditdusters.wordpress.com/2008/03/26/how-to-proactively-protect-your-identity/#comment-263 Nelly Tailor Fri, 28 Mar 2008 16:40:01 +0000 http://creditdusters.wordpress.com/2008/03/26/how-to-proactively-protect-your-identity/#comment-263 Dear Sir/Madam, I would like to buy a link in the text on your site http://creditdusters.wordpress.com Please let me know how much it is to have a link in the text in all pages of your site (please note: we are not interested in Google ads and banners). The link should be in static html. Payment will be by PayPal. If you are not interested then please indicate this in a reply and we will not disturb you anymore. Yours faithfully, Nelly Tailor Dear Sir/Madam,

I would like to buy a link in the text on your site http://creditdusters.wordpress.com
Please let me know how much it is to have a link in the text in all pages of your site (please note: we are not interested in Google ads and banners). The link should be in static html. Payment will be by PayPal.
If you are not interested then please indicate this in a reply and we will not disturb you anymore.

Yours faithfully,
Nelly Tailor

]]> Comment on FCRA Series: Protecting your child from ID Theft by Sit N Go Journal http://creditdusters.wordpress.com/2008/03/07/fcra-series-protecting-your-child-from-id-theft/#comment-261 Sit N Go Journal Fri, 28 Mar 2008 00:12:21 +0000 http://creditdusters.wordpress.com/?p=48#comment-261 <strong>Sit N Go</strong> Really enjoyed that article,tell me do you have any other blogs? Why not come and write for me I have a wicked article site you could submit article for? Sit N Go

Really enjoyed that article,tell me do you have any other blogs? Why not come and write for me I have a wicked article site you could submit article for?

]]> Comment on Time, not money is the key to a great Spring Break by WPMoney http://creditdusters.wordpress.com/2008/03/25/time-not-money-is-the-key-to-a-great-spring-break/#comment-252 WPMoney Wed, 26 Mar 2008 13:41:12 +0000 http://creditdusters.wordpress.com/2008/03/25/time-not-money-is-the-key-to-a-great-spring-break/#comment-252 Thanks for the read! Very informative. Thanks for the read! Very informative.

]]> Comment on The anatomy of A credit watch service by creditdusters http://creditdusters.wordpress.com/2008/02/29/the-anatomy-of-a-credit-watch-service/#comment-155 creditdusters Mon, 10 Mar 2008 13:22:46 +0000 http://creditdusters.wordpress.com/?p=37#comment-155 Tom, Possibly, but I spent 8 years in the mortgage industry and I can assure you that the scores can differ even between the service providers we used. If we used Landsafe (a division of Countrywide) the score could be 20 points higher than pulling it from another credit services. These are third parties and not the credit buearu's. It was so frustrating. Thanks, Matt Sullivan, CEO of Credit Dusters mattt@creditdusters.com http://www.creditdusters.com Tom,

Possibly, but I spent 8 years in the mortgage industry and I can assure you that the scores can differ even between the service providers we used. If we used Landsafe (a division of Countrywide) the score could be 20 points higher than pulling it from another credit services. These are third parties and not the credit buearu’s. It was so frustrating.

Thanks,

Matt Sullivan, CEO of Credit Dusters
mattt@creditdusters.com
http://www.creditdusters.com

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