Re: line of credit - Posted by Tim Fierro (Tacoma, WA)
Posted by Tim Fierro (Tacoma, WA) on March 05, 2002 at 01:57:49:
I know this sounds odd, but have you went to the bank that you have your checking in and consulted with a banker there?
Have you told him/her that you own a house worth $200k, FREE & CLEAR?
Now unless you are trying to get a LOC of $200k, I can’t see why they wouldn’t give you some kind of LOC even at 50% would be $100k.
Are they really only saying it is the score of 580, and for no other reason?