Loans, Debt & Credit - View Single Post

dlee300z · 05-30-2008, 03:17 PM

After dealing with both Countrywide for my first and Wells Fargo for my second, this is what my results were.

Countrywide = 30 year fixed @ 4.5%
Wells Fargo = 1 year fixed @ 6.5% (interest only)

It took me 3 months of missed payments with Wells Fargo for them to even consider modifiying my 2nd. They also reported it to my credit history so now I have a 675 instead of a 720. I guess it's the price you have to pay when dealing with a loan modification. With Countrywide, I wasn't even late and they modified it within 1 month.

Is there something I can do about fixiing this credit problem? I did call Wells Fargo and they said that they have to report it.

Bastards!

05-30-2008, 03:17 PM	#2 (permalink)
dlee300z Junior Member Join Date: May 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	My success and consequences. After dealing with both Countrywide for my first and Wells Fargo for my second, this is what my results were. Countrywide = 30 year fixed @ 4.5% Wells Fargo = 1 year fixed @ 6.5% (interest only) It took me 3 months of missed payments with Wells Fargo for them to even consider modifiying my 2nd. They also reported it to my credit history so now I have a 675 instead of a 720. I guess it's the price you have to pay when dealing with a loan modification. With Countrywide, I wasn't even late and they modified it within 1 month. Is there something I can do about fixiing this credit problem? I did call Wells Fargo and they said that they have to report it. Bastards!