with trying to refinance mortgage with bad credit is that they are getting turned down either due to lower income or due to having bad credit. Unfortunately, a lot of people have bad credit and can't get a loan. So many credit companies are becoming stricter with their lending policies, and income and credit are the top two. They just will not give a person with lower income and bad credit... credit cards to pay for everything if you lose your income and they are afraid that they would not get
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