Legal Question in Real Estate Law in California

can a mortgage lender pay legally loan you money to pay down debt so as to increase your credit score?


Asked on 8/23/09, 12:30 pm

1 Answer from Attorneys
Bryan Whipple Bryan R. R. Whipple, Attorney at Law

Do you mean a mortgage BROKER? Why would a lender want to deceive itself?

I'd say either way it's a fraud on someone.......furthermore, it can take weeks or months for credit scores to reflect a pay-down of debt.

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Answered on 8/23/09, 4:17 pm


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