No one wants to deal with a debt collector, especially when they are experiencing a financial hardship. While it may be tempting to avoid collection efforts in hopes of developing a debt negotiation plan, it is important you answer at least one call. Why? Because they may have information about your account you need to  … Read more

If you are facing foreclosure you are probably already dealing with additional stress and anxiety over the thought of losing your home. While there is some cause for concern and a call for action, it is important to know a few things about how to deal with the foreclosure process. Knowledge Is Power First, understand  … Read more

Unemployment continues to be a problem and salaries are stagnant. Income issues contribute to personal finance problems, which are easy to spiral out of control. When it comes to debt there are ways to get out, you just need to know your options. Choose Wisely One of the most underutilized resources for debt relief is  … Read more

With all of the disappointment in the mortgage industry in recent years, some recent reports may just give you a ray of hope. Not only have lenders been ordered to change their tune, many are going above and beyond. A Call To Action As part of the mortgage debt settlement, many lenders are required to  … Read more

Housing markets around the country are beginning to show some signs of improvement, whether that be from a reduced number of foreclosures or seeing an actual gain in home values. The Fort Worth foreclosure market is one of several in Texas that is seeing a significant improvement in recent months, a positive sign for the  … Read more

Medical debt is becoming a problem for more and more Americans in today’s economy. With health care insurance coverage at its minimum, many people are uninsured or under-insured. When illness or injury strikes, even a minor trip to the emergency room can land you in thousands of dollars of debt. Luckily, medical debt is also  … Read more

Lenders are now offering short sales as a foreclosure alternative in today’s real estate market. While short sales can benefit both the distressed seller and the lender, they do come with some ill effects for others. Apples To Apples? One of the biggest issues short sales bring with them is their effect on neighborhoods. While  … Read more

Although tax season is well behind us, tax debt collection season is just gearing up. By now, the IRS has reviewed taxes thoroughly and is beginning to send out tax debt notices to taxpayers with liabilities. If you have received a notification of your tax debt liability, do not ignore it. Instead, follow a few  … Read more

Earlier this year five of the biggest mortgage lenders in the nation were ordered to pay out $25 billion for mortgage relief efforts. Now that we are four months into the three year program, people want to know how they are doing. Making Progress? So far the five biggest lenders have provided $10.6 billion in  … Read more

One foreclosure alternative that has gained interest in recent months is mortgage modification. While many people have heard of them, few people actually know what they entail or even how to go about applying for one. The key is preparation. Solid Ground Too often people rush into the mortgage debt relief process looking for a  … Read more