Rumor Has it that Bank of America***

Lowered it’s credit score needed to obtain a mortgage to 580. However,  I have searched and have not been able to find any information confirming this. The only article I did come across was an article stating that Bank of America lowered its credit card fees.  I found the article on dailydollarnewsletter.com’s website.  The article link is below so you can check it out for yourself.

http://www.dailydollarnewsletter.com/2011/06/06/pigs-fly-bank-of-america-lowers-credit-card-fees/

This is certainly a good thing and Bank of America should lower its fees in my opinion because they, like all other banks, charge too much for these type of fees and I for one commend them for that decision. Also, I don’t know if  Bank of America actually lowered their score for obtaining a mortgage to 580 so I would suggest anyone wanting to confirm that to call them and speak to a Vice President or other higher executive to confirm or deny.

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