Posted on: 26th Mar, 2013 10:04 pm
Hi there… I am in a complete mess and need assistance! My lender had me closed all CCs as a condition to close on a loan. After I closed the accounts, I am told my DTI ratio is too high to qualify. What legal right do I have to hold lender responsible for the damages? The loan officer told me this after he had my documents for the last three months. I also need to know if I can reopen the CC.
Hi Bobo,
It is quite strange that the lender has asked you to do such a thing. There is no need to close the credit cards in order to close the loan. As far as legal rights are concerned, you should speak to an attorney and take his opinion in this regard.
As far as your credit cards are concerned, you can speak to the credit card issuer and have a word with them in this regard. There is no harm in asking.
Thanks
It is quite strange that the lender has asked you to do such a thing. There is no need to close the credit cards in order to close the loan. As far as legal rights are concerned, you should speak to an attorney and take his opinion in this regard.
As far as your credit cards are concerned, you can speak to the credit card issuer and have a word with them in this regard. There is no harm in asking.
Thanks
Hi Bobo!
Welcome to the forums!
I agree with what James has said. You should contact the credit card company and check out if they can help you reopen the accounts once again.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
I agree with what James has said. You should contact the credit card company and check out if they can help you reopen the accounts once again.
Feel free to ask if you've further queries.
Sussane