Score "watch"?

Tips and Deals Forums Consumer Credit Score "watch"?


This topic contains 3 replies, has 2 voices, and was last updated by  Anonymous 8 years, 5 months ago.

  • Author
  • #417802


    It doesn’t matter if you can weasel out of it or not, if you borrowed the money you should pay it back. Otherwise responsible people have to pay your debts for you in higher interest rates and taxes.

  • #417803


    Home Equity line of credit is a recourse loan, so if you default on the property, the home equity line of credit becomes a non secured debt due and owing immediately

  • #417804


    All equity loans are full recourse. You will not be able to pocket the money after a foreclosure, you will still owe it.

    If you want to keep the banks money you will need to file bankruptcy.

  • #200514


    Moved to myFICO Product Feedback

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