Legal Question in Real Estate Law in California

Foreclosure

My house is getting foreclosed upon. Since this is happening to my credit, will my credit card interest rates increase due to the foreclosure even if I continue to pay my credit card bills on time?


Asked on 5/21/07, 10:56 am

1 Answer from Attorneys
Judith Deming Deming & Associates

Re: Foreclosure

It is likely that your credit card interest rates will increase at such time as your credit card lender does their periodic review of your file. All lenders check at certain intervals and all credit cards have provisions that permit them to increase the interest rate based upon negative credit notations.

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Answered on 5/21/07, 2:30 pm


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