I have pretty good credit. I make a pretty good salary. I live in a nice house. I don’t anticipate having much trouble riding out this recession. Then, today my wife got a call.
Mrs. Geek?
Yes?
This is your mortgage company. We are calling to talk about your Home Equity Line of Credit.
OK…
We are reducing the available credit from 70K to 10K due to the problems at Fannie Mae and Freddie Mac?
Huh?
Thanks for your time.
Click.