Posted on 07/30/2021 7:21:30 PM PDT by algore
So glad we refinanced this summer with NewDay USA, and got rid of that God-Awful Wells Fargo mortgage (Which they bought from the piece of shit institution we refinanced with.
I have had nothing but bad experiences with Wells Fargo.
Wells Fargo has been in trouble for a few years. Eventually they go bye bye. I moved my Moms accounts to the credit Union several years ago. There is talk that on Oct 15th the banks will have to change their lending rates to 1% to jive with the Fed. I can not verify that but who knows? So maybe that’s why they are getting out of personal credit lines.
As a former mortgage loan underwriter I can tell you that if you pay a credit line off and close the account it will lower your credit score but only a small amount. Maybe 3-5 pts. So nothing to worry about.
Yes I did. Commenting from an iPhone is never easy.
Preparing a soufflé while riding a unicycle on a high wire over the Niagara Falls is likewise never easy.
That's why I never do it.
Regards,
I guess I have always been the kind that does not go into debt in the first place.
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