by Moe Bedard
Even though some consumers have seen their credit scores improve as they trim their debt, others have seen their scores drop significantly because of late payments on bills, foreclosures and rising credit card debt.
Meanwhile, lenders’ actions during the recession are delivering another blow to borrowers — even some with pristine credit. Lenders are closing credit [...]
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by Moe Bedard
Elliott and her partner, Joanne Hexom, have filed five different applications over the past nine months asking JPMorgan Chase to modify the terms of their mortgage and lower their monthly payments.
The answer has been the same every time: No.
That response has infuriated Elliott and countless other borrowers struggling to hold onto their homes. They wonder [...]
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