Reopening closed CC

[Anonymous]

Lender had me closed all CCs as a condition to close on a loan. One week after I closed the accounts, I am told my DTI ratio is too high to qualify. What legal right do I have to hold lender responsible for the damages. This after LO had my documents for the last three months.

Can I reopen the closed CC?

[distantarray]

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@Anonymous wrote:

Lender had me closed all CCs as a condition to close on a loan. One week after I closed the accounts, I am told my DTI ratio is too high to qualify. What legal right do I have to hold lender responsible for the damages. This after LO had my documents for the last three months.

Can I reopen the closed CC?

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99.9% Nope can not re-open. Lender was an idiot. I don't understand 1 single point where closing credit cards to close on a loan would make sense from a credit point of view. Especially ALL? Just hire a few people to throw eggs at the guy/girl.  and why is your DTI ratio high now? Did you close them without paying them off?

[Anonymous]

Thanks or the quick reply. By the way, I insisted on keeping one CC open. Originally, the agreement was to close and pay off all CCs at the closing table. Just one day before the stipulated closing,LO demanded that I Close them all with balances to be paid at closing. 

 I'm refinancing newly built home and the property tax being added as debt is additional tax for the improvement

Now that I was deceived and am a victim, can the credit card companies understand and restore my near perfect credit history of 11, 8, 7, 5  yrs?

[twall06]

Hope you are going to another lender have open accounts in good standing shoukdnt keep you from getting a loan. Your dti I can understand can stop you but if they had everything for that long they should have already known if it was a problem or not.