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How to Deal with Wachovia and the Obama Loan Modification Plan
Many borrowers have been challenged by Wachovia’s adjustable rate loans, while attempting to negotiate new mortgage terms. However, Wachovia is now participating in the government’s loan modification plan. How does this affect you and other Wachovia customers?
This federal program gives homeowners with a Wachovia loan improved options. Lower payments are now easier to obtain, thanks to the Obama incentives. This plan is a standardized program for the purpose of lowering mortgage payments for millions of Americans under repayment duress. Wachovia is now eligible for up to $4500 on every loan workaround completed under the federal plan. This opens the door for many Wachovia clients who would have been turned down in the past.
The government plan is very straightforward: either you qualify, or you don’t. While the terms for approval are strict, there is no negotiation involved. The good thing about this, is that if you understand how to complete an application so that it meets those approval guidelines, you have a good shot at getting the help you need. Furthermore, you can apply for help directly to Wachovia, rather than paying a large sum to a middleman. This government program is free, and the government is discouraging homeowners from paying a third-party service to act on their behalf. So to stand the best odds of success, you must spend some time before you contact Wachovia, to learn the ins and outs of the program.
Under the Obama plan, Wachovia must consider any homeowner who applies. So even if you were turned down by Wachovia before, here’s your second chance. You will need to be diligent and take plenty of time to put together your paperwork in order to conform to the federal guidelines. Basically, you must do the middleman’s work. However, this is not difficult or complicated. You just need to ask questions about anything that confuses you, and take the time to complete the paperwork accurately.
So this is definitely a case where your preparation leads to likely success. Learn how to submit a do-it-yourself Wachovia loan modification. Before you talk to Wachovia, however, be sure to spend three hours to get the best possible chance of improved mortgage terms. Once you have your questions answered, and your paperwork together, then you should approach Wachovia to be considered for the Obama federal loan modification plan.
Wachovia Credit Card Review
With the Wachovia Credit Card you are transported to a whole new world of better credit card service and the advantages of your Wachovia relationship that too at your convenience. You don’t have to pay any annual fee for the Wachovia Credit Card offering you a variety of services including personalized services and greater convenience to you.
For six months your APR for the Wachovia Credit Card is fixed at 0% on balance transfers excluding purchases and cash advances, though your APR may increase in case your account balance is consistently overdue. The introductory balance transfer APR for the Wachovia Credit Card is available for transfers that are made with the Promotional Convenience Checks included in the Welcome Kit and these must post to the account within six (6) months of account opening in order to receive promotional introductory rate. There is a slightly different system of payment as they are applied to low APR balances at first. Your APR might also change at times as the company reserves the right to change the terms of your account, including APR or fees, at a time they think right or for any reason they deem important.
The Wachovia Credit Card offers you a very attractive purchase rate ranging from 1.99% to 11.99% added to the Prime rate. It enhances your purchasing power and also instills worldwide acceptance of more than 24 locations. What’s more, with the Wachovia Credit Card you can also get your late and overlimit fee waived once every year.
The Wachovia Credit Card offers you personal assistance any time of the day i.e. all your needs are taken care of and you can receive 24 hours assistance from the Wachovia Credit Card Specialists. It also opens your world to a whole new range of possibilities as with the Wachovia Credit Card you have the option to enroll in Wachovia Possibilities Rewards program which is the no fee rewards program of the company enabling you to earn points for every qualifying purchase. If your Wachovia Visa Check Card is enrolled by you in rewards you can earn rewards even faster as you have the option to combine points that are earned on both the cards.
With the Wachovia Credit Card you also get identity protection as your liability for any unauthorized purchases on your card made through Visa network is as low as 0%. You also get the benefit of a fee free overdraft protection to the Wachovia Checking, Savings and the other accounts when your Wachovia Credit Card is linked to them. What more can be desired.
With the Wachovia Credit Card the more you want the more you get as the Wachovia Credit Card service has also collaborated with the FIA Card service which is supposed to provide you with any information about the Wachovia Credit Card and the Wachovia signature loan accounts both online and offline.