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Loan modification process

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Joined: 14 Nov 2009

Posts: 2

1.61 Dollars($)

Posted: Sat Nov 14, 2009 10:46 am Post subject: Loan modification process	Like 0 Dislike 0

I am on loan modification process. The bank already told me that they should be getting back to me for a final decision within 45 days after 4 months of waiting. My payments have been current and don't want to ruin my credit. I found out yesterday that my payment for October wasn't applied towards the interest and principal and frustrates me. My November bill says October payment received, "unapplied". I am not sure why. My negotiator said because I am under loan modification process that they put my payment on hold. So I told myself "why should I even be paying". If I have to skip my November payment, will it affect my credit?