Ok. So the bank has foreclosed on your house. So you think the worst is over and you start clean. After the stress, the hearthaches, embarassment, time, the anger, the feeling lonely, the fear you think that the worst is over. Wrong.
Did you notice that while you where late on paying your mortgage, your credit cards raised their rates, o cancelled your credit cards. Did you notice that you were being rejected for Jobs, for renting a house, an apartment?
The damage continues due to how lenders, banks, employers, landlords use your CREDIT REPORT. Your credit history, your credit score will continue to destroy you even after your foreclosure or your bankruptcy.
And yet nothing is being done! What we need is a freeze on what credit reports report and how this information is being used.
Sunday, October 19, 2008
How your credit report can then kill you after your foreclosure has destroyed you.
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