credit crunch

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date credit crunch Ashley 08-13-2007  Re: credit crunch Frank Rizzo 08-13-2007
Posted by Ashley on August 13, 2007, 8:29 am With all that is going on in the credit markets, does anyone think it will extend into HELOCs as well? Could that kind of credit either become more difficult to get or disappear altogether? Would it be legal for banks to roll back lines of credit? Posted by Frank Rizzo on August 13, 2007, 12:12 pm > With all that is going on in the credit markets, does anyone think it will > extend into HELOCs as well? Could that kind of credit either become more > difficult to get or disappear altogether? Would it be legal for banks to > roll back lines of credit? ONe of the largest lenders has already stopped writing them because they cannot be sold in secondary.....As far as rolling back, it's a grey area..... Similar Threads Posted Interesting doomsday article on the credit crunch. What if...? September 22, 2007, 2:13 pm Questions about hard credit inquiries and your credit score. October 18, 2006, 2:39 pm How do they figure the max credit limit on our credit cards? May 1, 2007, 5:01 am credit report - mrequests for my credit history January 23, 2008, 5:23 pm Bad Credit Problems August 23, 2007, 7:01 pm Credit Card Conundrum October 28, 2006, 4:58 am Low interest credit card December 12, 2006, 10:23 am ID Theft & Credit Bureaus December 18, 2006, 10:03 am 0% Credit card offers June 12, 2007, 2:20 pm Credit Card Question June 21, 2007, 5:44 pm