With the bombs at the Boston marathon and the fertilizer plant explosion in Texas, many Americans are asking what they can do to help. It’s this resilience of the American spirit that encourages people to donate to charities to help out even if they’re across the country. However, the IRS has issued a new warning  … Read more

Homeowners falling behind on their mortgage payments are desperate for any relief that they can find. One of the most popular options is a mortgage modification that allows homeowners to negotiate the terms of their loan. Unfortunately, this incredible option also has drawbacks. Knowing how underwater mortgage solutions affect your credit score can help you  … Read more

Every year millions of Americans request their credit reports, yet very few know exactly what to look for. When you receive your credit report, it’s important to also view it from the eyes of employers, lenders, and other financial leaders. Knowing exactly what to look for on your credit report will help you ensure that  … Read more

J.C. Penney’s recent financial struggles have caused market shares to drop. Throughout 2012, sales for J.C. Penney dropped approximately 31 percent throughout the United States in their stores, and online sales weren’t any better. Despite revamped marketing campaigns, the clothing brand has been unable to stop the loss of sales and revenue. In fact, J.C. Penney even  … Read more

Mortgage fraud hurts everyone in the housing industry, from the lending institutions all the way to the homeowner. After the housing bubble burst and there was an increase in foreclosures, mortgage fraud schemes increased as well. These scammers poised themselves to take advantage of those struggling with mortgage debt. Mortgage fraud can take many forms  … Read more

Three men were arrested in Lyndhurst, New Jersey, for their alleged mortgage fraud scheme. Adam Cueva, Adan L. Cueva, and Angel C. Cueva-Castro are all accused of trying to defraud homeowners. For months, their Time Consulting & Associates firm has been collecting mortgage payments from homeowners for months. How the Mortgage Fraud Happened The accused  … Read more

Homeowners who are anxious to lower their mortgage rates might be tempted to refinance their loans as quickly as possible. However, there are an increasing number of homeowners complaining about the financial pitfalls of refinancing. While refinancing can help many homeowners save money and quickly eliminate their mortgage, this option isn’t for everyone. If the  … Read more

One of the most crushing debts that Americans face is their mortgage. When homeowners fall behind on their mortgage, it’s often difficult to reestablish financial stability. If the situation continues to destabilize, homeowners exploit all their options to avoid a foreclosure and other consequences. The most popular option is to seek a mortgage modification. This  … Read more

The latest American Bankers Association report shows that the financial health of the nation is improving, as credit card delinquencies reach a two-decade low. Credit card delinquencies are defined as accounts that are 30 days or more overdue on their payments. In 2009 after the financial crisis, credit card delinquencies set a record high of  … Read more

Missing a payment or overwhelming your credit card with charges are obvious ways to hurt your credit score, but there are some surprising credit score factors as well. Whether you’re looking to improve your credit or are trying to safeguard yourself from credit debt, keeping these factors in mind will keep your financial profile safe.  … Read more