Loan Auditors

The ECOA - Equal Credit Opportunity Act - forbids lenders from considering race, color, religion, national origin, sex, marital status, or age when a person applies for a loan. They can’t even consider whether or not you receive public assistance. This offers greater opportunities for women who wish to take out a loan for purchasing real estate.

Married women often find themselves in situations where they do not have credit because major purchases are made in their husband’s name. While your creditworthiness may be considered for a loan, the fact that you are a woman without credit history may not.

Single women often have other issues related to credit, but unless there is a real compelling reason to deny you a loan based on your creditworthiness, the fact that you are a single woman cannot be used against you either. Nor can your marital status or gender be used to increase the terms of you credit. A loan audit can reveal such instances if they exist in your loan and can save you from foreclosure if there is evidence of such dealing with your lender. Consult an attorney before you do anything else and request a loan audit.