Archive for the Mortgage Info 101 Category

03/22/09 Don’t Put Your Money Where Your Debt Is!

Just last week, I got phone calls from three different people who kept at least one deposit account (Checking, Savings, Money Market, CD, etc.) at the very same bank that issued them debt (via Cr Card, Mortgage, Business Line of Credit (BLOC), etc.).
 
Two of the callers informed me that their bank dipped into their checking accounts (with no warning) and withdrew sufficient funds [...]