Posts Tagged ‘debt’
Understanding the Mortgage Forgiveness Act
Perhaps you've heard of it, not many people have. The Mortgage Forgiveness Debt Relief Act allows taxpayers to eliminate up to $2 million of mortgage debt on their principal residence in 2007, 2008 or 2009. Understanding Mortgage Forgiveness Mortgage forgiveness is a familiar term in the real estate market. When a lender will accept less than [...]
Credit Card Charge-Off: What Does It Mean & What Should You Do About It?
Author: Charles Phelan Have you been told by a creditor that your debt is about to "charge-off"? Did the bill collector make it sound like you will be ruined financially if you allow this catastrophe to happen? If you're behind on your bills, unable to keep up with payments on your credit cards and other debts, sooner or later you will hear a [...]
Refinancing After Bankruptcy
By Gurmit Singh Toor Refinancing after a bankruptcy is not impossible, but it does take some work, and while some companies will refinance a day after the bankruptcy is discharged, it is not a good idea because the lender is not the most reputable. Use the six months to prepare properly for the refinance. Research lenders and their rates the [...]
Guide to Free Debt Consolidation
By Mansi Aggarwal There are innumerable people under debt who are plagued by the pressure of paying back their dues to collection agencies. This calls for consolidating their debts. Debt consolidation is a process that saves an individual from handling large debts of multiple creditors thru a debt management program. The debt management program [...]
Getting A Loan Modification While Unemployed Is Not Impossible
By: Lindsy Emery With unemployment on the rise, homeowners who have lost their jobs are wondering whether their lender with approve a loan modification while unemployed. The truth is, most lenders have difficulty accepting loan modification applications from unemployed homeowners. Even more so if that homeowner has been unemployed for an [...]
