Re: Non Authorized Inq Letter
01-20-2009 04:53 AM
[This is a semi-frivolous post on thus topic, but I didn't know anything about the 14 day window, and I wasted a lot of it waiting to see what HSBC had to say to me about re-fi on a balloon mortgage with them.] (Ecuse errorsI have been havign lots of troulle withspelling and typing, between feeling of crisis, and my cat being severly ill (she was put down today, I just can't write posts well)
I haven't read this entire thread. And indeed, I did give permission for the inquiry. However, HSBC vcalled me, I was told that they [HSBC] couldn't discuss any rates without the inquiry. HSBC website says that the credit is pulled AFTER I have applied for a loan. I am wondering how I could have applied for a loan, when I didn't know what products they had. And I did not call them, they solicited me.
And when I spoke to the woman's manager, I said that I wanted to know ALL of my options. When I met with this woman to discuss the loans, she refused to show me rates for 2nd morthgages saying they were "too expensive" (as opposed to applying for a loan where I need to borrow an additional 7K @ a 5% Loan origination fee? ) I also wanted to discuss unsecured products, and they didn't discuss those with me either.
[Wouldn't it be great if HSBC would cooporate with me, by giving me about 5K, (about how many times this happened to me in the past year. Then I could use it to pay down my impending $22 K balloon. Now this would be truly creative re-financing of my balloon!]