Rising Credit Card Penalties and Minimum Payments Bury Debtors

Somerset Investors Corp. has once again come to the rescue of homeowners who are feeling the devastating effect of  escalating credit card debt. With increased penalty charges and the recent doubling of minimum payment requirements, more and more conscientious homeowners are feeling the control of their finances quickly slipping away. Their usually reliable home equity line of credit now has a steadily rising rate and at the same time has begun to dry up and everyone now is frantically searching for some form of financial relief.

      Somerset has discovered that taking advantage of the current low mortgage refinancing rates, a homeowner can solve the problem of paying off high credit card balances and home equity credit lines simultaneously and begin again with a clean slate, all this while preserving their credit standing.   Somerset’s role as a direct lender, not a broker, is the perfect climate for refinancing.

Somerset, in fact, has the unique ability to make qualifying decisions and exceptions on an individual basis, giving them the  edge over banks and other mortgage companies who will not make a loan for those with low credit scores or make other decisions for approval outside an inflexible set of guidelines. At Somerset however, they realize that each person’s credit is based    on   a  unique,   individual  set   of compensating  factors,  like    how long an individual  has been  on  a job  and  how  much   equity   they  have built into their home. This thinking creates a loan that best suits the individual.  

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