PaperCut

Any word?

How horrible! I am so sorry that such a happy occasion has been turned sad due to thieves.

Congratulations!!! I am very happy for you Amazing what a good agent does for the soul, huh?

We close on June 24th. I am so excited. Please don't lecture me on the negatives of doing a 401K withdrawal--I know it is bad. At this point, though, I will do anything to move So--what the heck is this::::::: Just spoke with 401K people. I am doing a “hardship†withdrawal for my down payment on the house. "401K Man" now tells me I have to take a $1000 401K “loan†before they can give me the rest of the cash for the “withdrawalâ€. Is this normal? I have never heard of this before. Will it look like a new loan to the mortgage company? Thank you all for your help.

Thank you both for taking the time to write. I did want to know why they would care if I made over my salary? I can easily handle the payments with my base salary of $112K, so does it matter if I have some deposits over my base? I wanted to sell some big ticket items on ebay before I moved. So there will be some deposits. And, just to clarify, it seems like they really don't care where I get my down payment/closing costs?

Just some brief questions about FHA loans that I hope some of you experts can answer— Pre approved. House is $225,000 My salary is $112,000 annually. Same job for 10+ years. Credit Scores are: 733-741-724 from the three different agencies. I have quite a bit of credit card debt, but I am paying it down. I have never been late or missed a payment on anything. So my questions: I was pre approved (Wells Fargo)—What are my chances of this going great without any issues? Just handed in all info. I suppose it will go to automated underwriting next? Do all FHA loans go to a manual underwriter once they pass automated underwriting? Is this really the “kiss of death†like a just read on another post Do they care where you get your down payment from? I would like to use $6000 that has been in my savings (tax refund) for only 2 months. I would also like to get a hardship withdrawal from my 401K for addtional down payment/any left over fees. I am a worrier and anxious person by nature. I am scared this won’t go through, although everyone says I have nothing to worry about. I have heard people run into issues at the last minute. I don’t want that to happen. I need to move. HATE where I am living right now This new neighborhood is PERFECT. What could go wrong and what could I do to head it off. Any comments are welcome. You guys are great and I love to read here!!

But once the new CARD Act begins, they will not be able to raise it on existing balances no matter what type of warning they give. Am I correct? Will existing balances be off limits?

But, after the new CARD Act comes into play, they can't RJ the existing balance, right? I agree.

This is for a Citi Diamond Preferred. The letter tells me that there will be an increase in the variable APR to 11.99%. Which is US Prime Rate + 8.74%. I currently have a Standard Rate of 7.99%. So I wonder why I did not get the 29.99%? (I am NOT complaining) I have such a HUMUNGOUS ($20K+ some change) balance on this card. We have been snowballing and I am so very proud of our success in the past 19 months. Maybe they were afraid that we would default with such a large balance if they increased me to $29.99%? I wonder if it is typical to give the higher balance folks a lower increase? This is our next card we will be attacking (we will start quadrupling payments on this one in March and planned to have it paid off in 18 months under the 7.99% terms). It was all going so well So why not just opt out? My problem-- I am terrified to opt out, as we are also relocating and buying a home in the spring. I don’t want to kill what little available credit I have on this card and take a hit on the credit score. But, I am also scared that the Prime Rate is going to skyrocket. Also—Does this mean they can’t increase me on my existing purchases again? With the new credit card rules coming out, is my existing balance untouchable after this latest change? Also, what is this crazy “program†they have offered me with the chance to knock off 10% of my total interest if I *charge more than $500 and *make my payment on time? My head is spinning. Thank you for listening.

As in, everyone should keep looking for a notice? Yes. Looks like we are all going to 30%. No. So, what is the big mystery?

Um,not to mention, Bank of America vowed not to change terms before February. Lies. http://www.latimes.com/business/nationworl...,0,162490.story

I had a standard rate of 7.99%. Got a letter today saying due to the current market conditions, they are calculating my APR using a variable rate formula, blah, blah, blah. I have a high balance ($8500) and am paying $500 a month currently. Can't wait to get this one paid off. Just a vent. Thanks for listening.

So sorry this balance chasing is happening to responsible people. I also can't believe how it can ruin a credit score How can it be legal to judge folks by their FICO when they have NO control over many things that make up the score?

The last time I called a Credit Card company to ask a simple question(BOA), they reviewed me and cut my credit limit. Does anyone know if the new law will stop CC companies from raising minimums on existing balances?

Just a quick question for you gurus: Once the new credit card rules FINALLY kick in (February, correct?), will the credit card companies still be able to raise the minimum payment (2.5% to 5%) on your EXISTING balance? Terrified here. I am sitting on a boatload of debt from Citi Card and paying it off with as much extra as I can. Already strapped. If they double the minimum, it will devastate me. I have been holding my breath waiting for February. But, it just dawned on me that agreed on minimum payments may not be protected. Now I am frozen in fear. Thank you in advanced.