National banks that took federal bail-out money also agreed to participate in government home modification programs. These banks have created in-house loan negotiators to assist in home-loan modifications, which may reduce loan principle or interest to adjust the loan to an affordable rate. Many American homeowners have applied for these programs, but few have been [...]
The bankruptcy discharge is an extremely powerful court injunction that prohibits creditors and collectors from attempting to collect on a discharged debt. So what is included in your Chapter 7 discharge? The typical answer is “all debts incurred prior to the bankruptcy that are not excepted from discharge,” but that answer does not really explain [...]
Joseph P. Kennedy, Sr., patriarch of the Kennedy clan, was fond of saying, “When the going gets tough, the tough get going.” If you are struggling with overwhelming debt, the kind that keeps getting tougher and tougher, isn’t it time to “get tough” and “get going” on solving your financial problems? Taking control of financial [...]
Question by Searcher: How can I see my credit scores online WITHOUT paying a fee OR being forced to subscribe to a ‘service’? Where can I find a site that allows me to INSTANTLY see my credit scores – without being forced to pay for them up front or forced to ‘subscribe’ to a ‘free’ [...]
Question: How long does a consumer proposal or a debt settlement stay on your credit history? Answer: Usually consumer proposals and debt settlements affect your credit in the same way. However, you should keep in mind that not all debt settlement plans are the same, so there may be some slight variation between different ones. [...]