Thursday, August 13th, 2009
I refinanced my House in May 07 with world savings.
the primary loan is 334k, I have about 165k equity in it
Whne I refied my mortgage broker also advised to pay off all remaining debt on my credit record
I had been saddled with a late relatives CC debt when they died and being the authorized used the credit carc company (HSBC) passed on the debt to me (The relative’s lawyer shouldve payed it)
I disputed it with HSBC but they refused to remove it.
So World Savings broker told me they would be paying off this old debt and a few other late collections of around 700 dollars.
Well in November of this year I had an accident, emergency home repairs and perfect storm of bad stuff happen.
I went to world savings for home equity line of credit. They told me Wachovia has bought them, but with my 165k in home equity i would get the line of credit’EASILY’
they dragged their heels and finally a month later sent me a letter denying me loan because my credit rating is low.
I have pulled my credit
i pulled my credit reports and am in shock
World Savings said they would pay of old collections
There is NO RECORD on any of my credit reports that these collections were EVER payed off.
So my credit is still bad because of World Savings failure and now theyre turning me down for home equity line of credit for their own failings!
OMG im about to have a stroke!
what should I do ?
i keep excellent records. im staring at my HUD statement right now.
im just shocked by this catch 22
man Im going to go ballistic on the phone tomorrow morning
my broker was paid 6900 in his fees alone
on my hud is is listing 5405 that was to be paid to the owed creditors (4 total)
only 1 of the 4 shows on my credit report as being payed off
Tags: bad stuff, catch 22, collections, credit rating, credit report, credit reports, creditors, emergency home repairs, equity line of credit, home equity line, home equity line of credit, hud, mortgage broker, perfect storm, relatives, shock, stroke, tomorrow morning, wachovia, world savings
Posted in Home Equity Loan Refinancing | No Comments »
Wednesday, July 15th, 2009
A few years ago, I was looking through a catalog and decided to order Victorias Secret. When I was ready to give my method of payment the lady on the phone asked if I wanted the stuff sent to (my husband’s name) p.o. box. I asked my husband right then and there if he wanted it sent to his p.o. box. He denied having one. There is only one last name like ours in our city. In the state, only his two brothers have the same last name. I called a major real estate company in our city about a home I saw for sale. The agent said is that the home I showed you last week? In shock, I said I wasn’t sure because we looked at several with different agents (to get more information). Then he said I was the one who showed you the home on Redbud Lane and asked if I was the one that was with him. Well….when I asked my husband about it he said he called a number in a homes magazine and it was just a sales tactic. I let it go. Then on christmas morning, my husband had just gotten a new cell phone and whoever had the new number called Private name/private number so the wrong person wouldn’t get the call. He was in the shower and I asked him to give me the password and he did, but I heard part of a icky sweet woman wishing him merry christmas…when he took the phone to finish listening. I told him let me hear it again. Guess what, he accidently deleted the message trying to replay it. (?) I started noticing my name was no longer on the bills and utilities coming to the home when I tried to make a payment on some accts. Then today, I call a place that sells hot tubs and he says I showed you one about 30 ago didn’t I. (only last name in city) I said no, asked husband–he denied it. He depleted the equity in all three vehicles, the home we were in 10 years through refinancing (didn’t know we got checks), his retirement acct, borrowed ,000 from his boss and didn’t tell me until I found stubs, opened a checking in his name only (said to pay bills acct.) What is going on?
I blew up and tried to leave–he said he would rather die than get a divorce from me. He keeps wanting to take me on vacations out of the country — went to Mexico (I went but didn’t want to). That was a couple years ago and now he wants to go to Puerto Rico? I feel kind of scared. He doesn’t seem the type, but our of the blue our insurance company called to come take blood for the policy, I told them I was a SAHM so why is there such a large policy on me? I told them no, that was before trip to Mexico. Everyone likes my husband and he seems to want to go out of his way for all of us, but…
Well, I guess I am stupid then because all of it is 100% true. Not one lie. sorry
We got a letter from the IRS that said they audited our 2005 taxes and the woman said he made 193,000 in the 2005. I said he never made that much and I read my 1040 to her and that accounted for the 58,000 he didn’t file taxes on. Yes, I guess I am a fool in denial.
I swear to God above this is NOT a lie. I am very concerned about who I could be married to and that is why the long long question. This is serious.
Tags: 10 years, accts, boss, cell phone, checks, christmas, christmas morning, hot tubs, major real estate, merry christmas, private name, private number, replay, retirement, shock, stubs, sweet woman, tactic, two brothers, wrong person
Posted in city home equity | No Comments »