Read this before applying for a loan!! : LUSENET : Repossession : One Thread

Before you apply for a loan to help you through your troubled time after having your house repossessed,remember that the loan company could also be working to trace you after being employed by the mortgage company because a lot of the companies double as skip tracers.It is also possible that once you have contacted them they run your name to see if you have any outstanding debt that they can purchase because they know where you are and you have already told them what available money[if any] you have.

-- David (, July 26, 2002

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