Comments on: NowWhatDoYouDo.com weekly Podcast, hosted by Benjamin Dover: 02.15.08 http://nowwhatdoyoudo.podbean.com/2008/02/15/nowwhatdoyoudocom-weekly-podcast-hosted-by-benjamin-dover-021508/ Scorched-earth advice for dealing with the realities of life in the 21st century Thu, 26 Nov 2009 05:57:42 +0000 http://podbean.com/?v=3.2 by: Pat http://nowwhatdoyoudo.podbean.com/2008/02/15/nowwhatdoyoudocom-weekly-podcast-hosted-by-benjamin-dover-021508/#comment-79513 Sat, 16 Feb 2008 20:16:35 +0000 http://nowwhatdoyoudo.podbean.com/2008/02/15/nowwhatdoyoudocom-weekly-podcast-hosted-by-benjamin-dover-021508/#comment-79513 Great job Benjamin on relaying the TRUTH about this second time around "failed the first time" program dubbed "Project Lifeline" Another tid bit of info. is that when the borrowers call into the hotline they get a debt collector take their budget and a month later the lender finaly sends them a letter offering a Forbearance. NOT GOOD! That is not a good option for the consumer, just the lenders! Here is why...when a consumer agrees to a forbearance plan, the lenders put everything that is owed on a pay back plan on the back of the loan. The one thing the Lenders NEVER tell them is that the borrowers will have a ROLLING 30 day late on the credit report EVERY month, compliments of the Lender, or until all that was owed in penalty's and late fees put on the back of the loan is paid back. NEVER!!!! Well that just ruined the borrowers chance of refinancing with 30 day late's on their credit report. 30 Day Lates DECREASE your score on average 60-90 Points!!!!! Thanks again Benjamin and keep them coming!!!! Pat Great job Benjamin on relaying the TRUTH about this second time around “failed the first time” program dubbed “Project Lifeline” Another tid bit of info. is that when the borrowers call into the hotline they get a debt collector take their budget and a month later the lender finaly sends them a letter offering a Forbearance. NOT GOOD! That is not a good option for the consumer, just the lenders! Here is why…when a consumer agrees to a forbearance plan, the lenders put everything that is owed on a pay back plan on the back of the loan. The one thing the Lenders NEVER tell them is that the borrowers will have a ROLLING 30 day late on the credit report EVERY month, compliments of the Lender, or until all that was owed in penalty’s and late fees put on the back of the loan is paid back. NEVER!!!! Well that just ruined the borrowers chance of refinancing with 30 day late’s on their credit report. 30 Day Lates DECREASE your score on average 60-90 Points!!!!! Thanks again Benjamin and keep them coming!!!!

Pat

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