Posts Tagged "loan modification"

Loan modification denied because borrower can still make payments

Dear Experian,

I recently applied for a loan modification on my mortgage, but they did not qualify my application saying that based on the information I provided they felt that I can still pay my mortgage. I never stopped my payment and am still paying but wonder if just applying for the loan modification will hurt my credit?


The impact of loan modification on credit scores

Dear Experian,

How will a loan modification affect my credit scores? I’ve never been late on my payments and have been approved for a modification without any late payments.


Effect of mortgage loan modification on credit scores

Dear Experian,

I’m asking my bank to do a loan modification on my mortgage. They said that I need to be 30 days late on my payment in order to do the modification. Is this going to damage my credit?


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