"I'm here every evening selling chowder and ice tea; should have gone to freeee credit report dot com
I could have seen this coming like and atom bomb. They monitor your credit report and send you email
alerts so you don't end up selling fish to tourists in T-shirts. "
I have seen that commercial 150+ times. I never bothered to right down the details about their services. Why would I? I don't need help from the company that could've helped that young man with the bad credit because I didn't think I had bad credit, that is UNTIL today.
I went to lunch, came back and found out someone had forged my name to a home loan. And not just one loan. It was more than 700 Billion dollars worth the loans! No warning email in my inbox from FreeCreditReport.com!
I know for a fact I personally signed on the bottom line for 1 loan the first week in September. My husband and I thought that it was a good time to purchase a home. Prices are low. We found a good deal, carefully assessed our finances and felt that since prices are the lowest they have been in more than 3 years, now was a great time to buy. I qualified for a loan based on my debt to income ratio, my credit score, my work history, my payment history. I thought I had signed up for a loan for that ONE house.
Then I heard 700 BILLION, I had NO IDEA I had ponied up for that much? How is this going to change my debt to income ratio?
Not only am I a victim, but so are you! Every taxpayer is in my same situation! One of my new questions is this: Let's say for some unforeseen reason I can not pay the 1 mortgage I actually signed up for, can I tack on my one little loan to all the others I now am on the line for?
I have seen people refi a home loan so they can pay off higher interest credit cards, cash out to put in a pool, or buy a car. There are all kinds of reasons for redoing a loan.
I feel I am completely within the realm of reason to ask that my loan, in case of an emergency, be added on to the balance. If I need to do that and am not allowed to, it could result in a recession or even a depression for MY family.
More than this, I know I did not sign up for this extra money! Had I known I was getting a bigger loan I definitely would have opted for the following upgrades when searching for my own home:
1.) I really NEEDED a 3 stall garage, I settled for a 2 stall because that is what I could AFFORD!
2.) I was eventually going to add a soaking tub to my master bathroom, however due to medical conditions, it truly is a must for me to have it NOW. Why should I wait for that tub when so many of the other homes I am now on the line for already have one?
3.) My husband likes to play golf, however we did not buy a home in a golfing community. Since I am now the guaranteer for a multitude of homes sitting on golf courses, could I please have the addresses of the courses we will now have privileges to?
4.) I want to put in a new kitchen, could we add the $20,000 to the $700,000,000,000 worth of loans that my name got tacked onto? After all there is very little difference between $700,000,000,000 and $700,000,020,000?. See you can barely notice the difference. Just one little 2? I really do NEED that new kitchen.
When I think about what I can with a fair amount of certainty assume, that many of the 700,000,000,000 in loans that now have my name ( and your name and every other tax payer's name on it.) on it were arrived at due to these same types of NEEDS.
I guess until my new loan amount gets approved I will have to settle for my shower only master bathroom, park my car in the driveway only dreaming about the 3 stall garage, make my husband figure out another way to play golf and here is the big one.....I am now sticking with my original kitchen remdoels palns...SAVE THE MONEY UNTIL I CAN AFFORD TO PAY FOR MY NEW KITCHEN!
Saving money now for what you want to buy later........
NOW THAT TRULY IS A NOVEL CONCEPT!!