You may already have some clue or are just beginning to understand the painful reality of wage garnishment: it is embarrassing, costly and can put you on the financial ropes for a long time. Wage garnishment is a last resort for creditors looking to collect on substantial, unresolved revolving debt. In many cases, credit card  … Read more

As soon as you file for chapter 13 or chapter 7 bankruptcies, the court will issue an Order of Relief. Within this order is a provision that directs all bill collectors to cease and desist, so they are legally required to leave you alone while the case progresses. This also forestalls the foreclosure process for  … Read more

If you are a current Federal Housing Association (FHA) borrower and interested in refinancing, now may be the perfect time to do it with a streamlined refinance. A streamlined refinance removes a considerable deal of time and work from the refinance process, and could potentially save you a small fortune during this time of historically  … Read more

The foreclosure process is actually a very simple one. If a homeowner fails to rectify overdue payments, the bank will put his or her house up for auction. The reality is murkier: the glut of foreclosed homes on the market make it impossible and unrealistic for banks to exhaust their foreclosure rights and push tenants  … Read more

If you are looking at foreclosure or delinquency generally, the forbearance agreement may seem like the perfect solution to your troubles. Essentially, you get more time to get your life in order, and the bank agrees to let you do this on the promise you will repay what you owe, in full. However forbearance agreements  … Read more

The legwork associated with refinancing can cost you needlessly. If you aren’t scrupulous about the conditions of your refinance, banks and their financers won’t pursue a deal that is optimal for you. Many lenders simply want clients who will consistently make payments and ask few questions. Be clear about your new loan requirements What is  … Read more

We can’t say it enough: this is a bear housing market. It seems like every day there is a new lawsuit or case brought against fraudulent short sale/foreclosure/credit card debt counseling services. That’s because these frauds thrive on the anxiety and panic of homeowners facing foreclosure. Here are some foreclosures scams to watch out for:  … Read more

When you have nothing to lose, debt settlement can take on the colors of a poker table. It would be unwise to suggest you behave carelessly or recklessly with banks and lenders, but you have rights and options that, if exploited properly, can get you out of unsettled debts. Debt validation If your debt is  … Read more

Credit bureaus and the credit rating system can be cryptic. They tell you that a great score is 700-720 or more. Between 600-700 is decent and anything below that means you are a risk for lenders. Bureaus will have their own way of calculating your credit score, and much of it is based on a  … Read more

Banks have been eager to help the masses with their refinancing needs. In some cases, banks are looking to avoid delinquency on the part of borrowers who took out subprime mortgages—most banks are back in the black, and happy to stay there. With many prime borrowers, banks stand to make a lot of money on  … Read more