Minimum Balance

What Can Be Done With Mortgages With Minimum Payments That Don’t Cover The Interest On The Loan?

A friend showed me a copy of her mortgage and she pats the minimum. This is over $10,000 short of the interest owed each year. This is added to the loan balance. Is this legal, if so what can be done?

Jul 3 2011 | Posted in Mortgage Q&A's | Read More »

Is it true that some credit cards can damage your credit even if you pay fully and on time?

I heard somewhere that some credit cards can damage your credit even if you pay on time and more than the minimum balance. Is this true? What kind of credit cards would be like this? Thanks for your help! Related Blogs Related Blogs on damage your credit Understanding Credit Card Cancellations – Total Bankruptcy | [...]

Feb 5 2010 | Posted in Loan Q&A's | Read More »

Insurance Loans Mortgages

What Can Be Done With Mortgages With Minimum Payments That Don’t Cover The Interest On The Loan?

Is it true that some credit cards can damage your credit even if you pay fully and on time?

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