This couple tried a mortgage loan modification. It didn't go through but ruined their credit in the process. It not only ruined their credit, their credit card companies slashed their spending limits and raised their interest rates. The rate on one card jumped from 9 percent to 29 percent. To read about this from the San Francisco Chronicle, click here.
- Foreclosed? You may still owe your second mortgage.
- Do I have to tell them everything?