I’m having trouble making my house payments and heard about going through a credit counseling agency to…?
restructure my mortgage to drop my payments. Does anyone have any experiance doing this? Is it a good liget thing to do?
If you want to restructure your mortgage, why go through a credit counseling agency? Work directly with your lender. It’s in their interest to see that you don’t fall behind or default. Besides, a lot of the credit counseling agencies that you see on TV are bogus.
November 17th, 2009 at 3:34 pm
you need to seek a modification with your lender first
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November 17th, 2009 at 3:57 pm
If you want to restructure your mortgage, why go through a credit counseling agency? Work directly with your lender. It’s in their interest to see that you don’t fall behind or default. Besides, a lot of the credit counseling agencies that you see on TV are bogus.
References :
November 17th, 2009 at 4:43 pm
Be cautious here, the vast majority of credit counseling agencies charge for their service, and there is really nothing they can do that you cannot do yourself.
99% of companies offering loan modification services are scams.
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Oregon Realtor
November 17th, 2009 at 4:49 pm
A credit counselor does not step between you and the lender you have your mortgage through. There job is to work with you and get up a budget so you can make all your payments on time. You can do that yourself with some self discipline
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