would other banks with low rates turn me down
July 1st, 2009 by Questions
I had a bankruptcy in 2004 it was Discharged in 2005 and I settled all my outstanding balances, I recently went to my bank for a home equity line for 20k and was denied but I have 70k in equity, why would they turn me down, now I applied at home trust whom I have a secured card with and they approved me but the rate is 9 percent and 2 percent set up fee and a home appraisal must me performed, would other banks with low rates turn me down as well or is it just scotia, are there any other alternatives that you know of? any info would be greatly appreciated thanks.
Posted from: Ontario