Farmer Brown's avatarFarmer BrownMember Stories | ‎08-18-2014 04:38 AM

Loan Modification Due to Hardship

Been a USAA memeber for over 25 years.  Recent employment changes have significantly reduced our household income.  Attempted to get a loan modification on our home equity loan we took out 8 years ago and have less than 2 years until fully amortized.  Was told because my debt to income was to high, they would not reduce my interest rate; however if my DTI had met their standards, they would have.  I came asking for help not for a handout...

Comments

darmic's avatardarmicOccasional Visitor

by darmic ‎09-15-2014 12:50 PM

I had a similiar problem when I needed to refinance my car.  Because my debt ratio was too high I was told I could not refinance. 

 

The car is now paid off now thanks to my due dilengence and nothing that USAA helped me with.

I had a similiar problem when I needed to refinance my car.  Because my debt ratio was too high I was told I could not refinance. 

 

The car is now paid off now thanks to my due dilengence and nothing that USAA helped me with.

Jeff H.'s avatarJeff H.New Member

by Jeff H. ‎11-05-2014 02:11 PM
I want to spread the word about the Consumer Financial Protection Bureau. It is a government agency formed to take action against companies who take advantage of consumers. The more information they get about a company, the more they can help you and others. In the middle of your very stressful situation I hope you find time to file a complaint at consumerfinance.gov.
I want to spread the word about the Consumer Financial Protection Bureau. It is a government agency formed to take action against companies who take advantage of consumers. The more information they get about a company, the more they can help you and others. In the middle of your very stressful situation I hope you find time to file a complaint at consumerfinance.gov.
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