Re: Advice, please - Posted by E.Eka
Posted by E.Eka on October 22, 2003 at 10:39:09:
The mortgage consultant is just trying to get you a mortgage and isn’t looking out for your best interest. Do you think that bankruptcy will up your score only after 3 months? Most brokers ask you if you’ve filed for bankruptcy, got liens or judgments. Repair your credit, consolidate your several small balances or contact the companies to somehow pay it off sooner. Meeting with a lawyer is the best thing you can do. Maybe even try consumer debt/credit counselling. They’ll negotiate to get your payments lower etc.
I’m assuming the bankruptcy that the consultant is talking about is re-org or chapter 13. Either way, find another mortgage consultant!