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Loan Modification

: Loan Modification & Home Loan News

Loan modifications often damage credit scores

By Moe Bedard

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Struggling homeowners who get a loan modification to reduce their mortgage payments are often unaware that it can seriously ding their credit score. Moreover, if they don’t get long-term help, the temporary loan mod can bury them in a deeper hole of debt that increases the likelihood they’ll lose their home. That was the case for [...]

Full post as published by Loan Modification & Home Loan News on May 24, 2010 (boomark / email).

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