Comments on: If I choose to blow off a mortgage loan, how long will it take to regain credit? http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/ A blog about home mortgage loan credit Mon, 06 Sep 2010 18:21:42 +0000 http://wordpress.org/?v=2.7 hourly 1 By: smiley20903 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-374 smiley20903 Mon, 25 Feb 2008 02:56:20 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-374 You have to options..1 consolidate the debt into the mortgage and make the payments that way..or if u stop making payments on your home loan...your house will be foreclosed on and it will take years upon years to reestablidh credit. All lenders frown upon forclosures and mortgage lasts. and it will become very hard for u to get another loan on another home once this one forcloses...also all negative debt such as last on student loans and credit cards will report for 7 years and forclosure 10 years. You have to options..1 consolidate the debt into the mortgage and make the payments that way..or if u stop making payments on your home loan…your house will be foreclosed on and it will take years upon years to reestablidh credit. All lenders frown upon forclosures and mortgage lasts. and it will become very hard for u to get another loan on another home once this one forcloses…also all negative debt such as last on student loans and credit cards will report for 7 years and forclosure 10 years.

]]> By: Joey K http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-373 Joey K Thu, 21 Feb 2008 15:58:56 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-373 I've never thought of that before. I have a gigantic student loan too, but dumping my home would cost me more, so I'm out of luck. I think it would take 7 years to clear a bankruptcy, but didn't they toughen the laws on bankruptcy just last year? I’ve never thought of that before. I have a gigantic student loan too, but dumping my home would cost me more, so I’m out of luck.

I think it would take 7 years to clear a bankruptcy, but didn’t they toughen the laws on bankruptcy just last year?

]]> By: jaishuntae http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-372 jaishuntae Wed, 20 Feb 2008 15:28:53 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-372 a lifetime man depend how much you owe if its 30,000 hire yourself a lawyer and tell him how much you owe dont worry your just asking for legal advice it dont cost. and him or her will talk to the people you owe to lower it down so you wont have to owe them so much later on. email one day in tell me how it work at if you need a lawyer you didnt know i was one did you. a lifetime man depend how much you owe if its 30,000 hire yourself a lawyer and tell him how much you owe dont worry your just asking for legal advice it dont cost. and him or her will talk to the people you owe to lower it down so you wont have to owe them so much later on. email one day in tell me how it work at if you need a lawyer you didnt know i was one did you.

]]> By: Valerie http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-371 Valerie Wed, 20 Feb 2008 06:55:26 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-371 It takes forever to repair credit damage from a mortgage loan. As a credit analyzer, we also say that if you can't pay any of your bills, always at least pay your mortgage. It can really hurt you in the future, these things are only supposed to stay on your credit for a set period of time, but that is rarely updated. You may never be able to finance anything again or even get approved for services with satellite companies, cell phone companies, and others who will run your credit. Have you checked into this to be sure that anyone would even let you do this? The best think is to speak to the company that holds your loan or to a debt counselor to either put your loan on hold, lower the monthly payment, or increase it to pay it off sooner. It takes forever to repair credit damage from a mortgage loan. As a credit analyzer, we also say that if you can’t pay any of your bills, always at least pay your mortgage. It can really hurt you in the future, these things are only supposed to stay on your credit for a set period of time, but that is rarely updated. You may never be able to finance anything again or even get approved for services with satellite companies, cell phone companies, and others who will run your credit. Have you checked into this to be sure that anyone would even let you do this? The best think is to speak to the company that holds your loan or to a debt counselor to either put your loan on hold, lower the monthly payment, or increase it to pay it off sooner.

]]> By: gegr2003 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-370 gegr2003 Wed, 20 Feb 2008 04:16:18 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-370 Bad idea! That will be on your record for years. You might need a loan again someday and you'll probably not get it. You shouldn't, that's for sure. You entered into a contract that if you were loaned the money, you would pay it back. Now you want to default? After all that education, you still aren't very smart are you. Bad idea! That will be on your record for years. You might need a loan again someday and you’ll probably not get it. You shouldn’t, that’s for sure. You entered into a contract that if you were loaned the money, you would pay it back. Now you want to default? After all that education, you still aren’t very smart are you.

]]> By: Jack C http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-369 Jack C Sun, 17 Feb 2008 05:38:17 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-369 Forget about bad credit, what you are thinking of doing is actually fruad. Don't do it. To take out a loan with the specific intention of not repaying is fraud. Forget about bad credit, what you are thinking of doing is actually fruad. Don’t do it. To take out a loan with the specific intention of not repaying is fraud.

]]> By: seidokan27 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-368 seidokan27 Sat, 16 Feb 2008 15:52:30 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-368 well i guess you could delclaire bankruptcy but then, you will have bad credit for 7 years after that and then i think you can move on. but I would not chance it cause i am not totally sure, laws may have changed. just try and pay them off if you can. thats your best bet. well i guess you could delclaire bankruptcy but then, you will have bad credit for 7 years after that and then i think you can move on. but I would not chance it cause i am not totally sure, laws may have changed. just try and pay them off if you can. thats your best bet.

]]> By: meg http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-367 meg Sat, 16 Feb 2008 11:23:41 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-367 it will take a long time, and do big damage to your credit, it will be almost inpossible to do anything, unless you buy a POS car from jd byrider. it will take a long time, and do big damage to your credit, it will be almost inpossible to do anything, unless you buy a POS car from jd byrider.

]]> By: babygurl http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-366 babygurl Thu, 14 Feb 2008 11:37:05 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-366 honestly it sounds to me like you need to speak with a financial advisor on how to file for bankruptcy. honestly it sounds to me like you need to speak with a financial advisor on how to file for bankruptcy.

]]> By: jjayferg http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/comment-page-1/#comment-365 jjayferg Wed, 13 Feb 2008 00:43:07 +0000 http://www.credithomemortgageloan.com/credit/if-i-choose-to-blow-off-a-mortgage-loan-how-long-will-it-take-to-regain-credit/#comment-365 In your next lifetime. In your next lifetime.

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