Applying for new credit can be an intimidating prospect. Many people know that each time your credit history get checked, it affects your overall credit rating in the negative, so it’s understandable to have a little trepidation about what credit you apply for. Here are some credit tips that will have you applying for new  … Read more

Under the Home Affordable Modification Program (HAMP), many Americans are eligible for a mortgage modification with more favorable terms than many current mortgages. For hundreds of people, this program has helped them to avoid foreclosure, rescuing them from underwater mortgages and enabling them to continue to make regular payments on their home despite financial hardship.  … Read more

According to the latest numbers, Nevada is leading the pack by a wide margin – unfortunately, the category it is leading in is foreclosures per housing unit, hardly a stat to boast about. Nevada’s foreclosure rate is at about 1 in 300 homes, way above the national average of 1 in 1000. According to a  … Read more

If you are stuck with a heaping helping of credit debt and don’t have the appetite for it, you may not be able to see your way past the mountain to a time when you will want to get your credit score back to respectability, let alone perfection. But the fact of the matter is  … Read more

Those faced with underwater mortgages may be looking for a way to avoid foreclosure; if so, you have probably heard about or considered the possibility of a short sale. Short sales have a distinct set of advantages, but are not the perfect way to avoid foreclosure by any means. Here are a few common misconceptions  … Read more

Continuing a trend that has been seen nationwide, Chicago has reported that its foreclosure rate is down a satisfying 59% from just one year ago, according to the latest study. This is a promising sign for the recovery of the housing market, which has seen similar drops in numbers of foreclosures across the country in  … Read more

Too many people seem to see their credit score as an arbitrary number, unconnected to financial reality, too complicated to understand. Nothing could be further from the truth; and the fact is that this number, your credit score, influences many major financial events in your life, not least among them your mortgage and the interest  … Read more

Mortgage modification is one of those terms that is being thrown around all over these days. Maybe you have heard of mortgage modification but are not sure just what it is or how it may be able to help you. If you are troubled by high mortgage payments and need to find a way to  … Read more

The latest numbers are in, and the news is good: foreclosure rates are at a low not seen since before the housing market bubble burst six years ago. The numbers are still not back to where experts would like them to be, but signs point to the slow regrowth of the housing market since home  … Read more

Debt negotiation can be a very useful strategy for dealing with outstanding debt. Negotiating a settlement usually means you will end up paying much less than the total amount owed to your creditors, a difference that can often be the shortcut on the road to financial freedom and solvency. But it is not all positive,  … Read more