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	<title> &#187; Loan Modification</title>
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		<title>Loan mod process ruined credit</title>
		<link>http://ca-bankruptcylaw.com/2010/05/loan-mod-process-ruined-credit/</link>
		<comments>http://ca-bankruptcylaw.com/2010/05/loan-mod-process-ruined-credit/#comments</comments>
		<pubDate>Sun, 23 May 2010 03:19:00 +0000</pubDate>
		<dc:creator>Malcolm Ruthven</dc:creator>
				<category><![CDATA[Loan Modification]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[Credit Rating]]></category>
		<category><![CDATA[Mortgages]]></category>
		<category><![CDATA[Negotiate]]></category>

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		<description><![CDATA[This couple tried a mortgage loan modification. It didn&#039;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 [...]]]></description>
			<content:encoded><![CDATA[<p>This couple tried a mortgage loan modification. It didn&#039;t go through but ruined their credit in the process. <span id="more-605"></span>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, <a href="http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/05/22/BUJH1DGQEO.DTL" target="_blank"><strong>click here</strong></a>.</p>
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