| Re: CW/BofA Settling HELOCs and 2nds????
Quote:
Originally Posted by CW California  jhn plsn
What happens to the 2nd on your credit report when you negotiate it down. How does is show and how bad is that negative?? (If you know.) | Funny, we are conversing on two different threads.
I have not been successfully on my 2nd yet but they have called every weekend in the last four weeks so hopefully I get somewhere this week.
My credit is on fire its so low now so I have not looked in about 6 months. I am not to concerned with the credit as I know no matter what hits it takes it will take some time to overcome. We, traditional family of four, have been living cash only for about three years now and have been lucky. There have been bumps here and there but if I had the mortgages and CC debt settled we would be in great shape. Theres just to much hanging over my head right now. I have to get things settled and move on in life.
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John, Upside down big time.
1st modified again=USBank, 3% for 5yrs, 4.95 cap for the life of the loan(no principle write down but a stable solution)
2nd(heloc)=BofA offered three month trial at 1/3 the payment. We'll see. |