Negotiating on unsecured debt is the surest and fastest way to improve debt-to-income ratio, credit score and peace of mind. The best way to this is to contact a company with experience in the field of negotiations. Recurring debt has a direct effect on the debt-to-income ratio which is is the percentage of a consumer's monthly gross income that goes toward paying debts. This ratio also known as the back ratio, which indicates...
Student Loan Forgiveness Act
Tuesday, April 8, 2014
Monday, April 7, 2014
Commercial Finance- The Mortgage Meltdown
This has impacted non-bank lenders such as private commercial finance companies that provide hard money real estate loans, purchase order financing and accounts receivable financing. Most of these firms have raised their prices and their origination standards for safety and soundness of operations. The bottom line: Bank lending can be replaced by other sources such as commercial finance companies to some degree. Hard money, purchase...
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Commercial,
Finance,
Meltdown,
Mortgage
Debt Consolidation To Improve Credit Ratings, Consider It
The notion of being in debt is almost a lifetime custom for a greater portion of American singles and families. Just under half of American families actually spend more than their annual earnings and as such have averaged and accrued, per household, roughly $10,000 in credit card debt. The averages are stark, but the numbers are real. And being real, raw numbers is actually in favor to those in debt as these debtors benefit...
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Consider,
Consolidation,
Credit,
Improve,
Ratings
Problematic Issues With Your Mortgage? Don't Shelter Yourself
It's fair to say that many a homeowner at one time or another was unable to make their mortgage payment in full or on time. Financial happenstances occur and they're quite random in nature. Thus, it's almost unpredictable to foresee bumps in the road when it comes time to make those monthly mortgage payments; anything and everything can halt an individual from making their payments.. And it's not as if homeowners who are unable...
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Issues,
Mortgage,
Problematic,
Shelter,
Yourself
Important Tips for Finding Your First Home Mortgage Loan
Anyone who has gone through the process of buying their first home knows the combination of thrill and terror that can come with the experience. If you've never borrowed money for such a huge investment, feelings of confusion mixed with stress should not be a surprise. If you're a newbie home buyer, one of the most important first steps you should take is to remember that you should approach the entire home buying process with...
Negotiate and Reduce Student Debt
Outstanding student loan debt is a severe problem for a great many graduates. Although not an enviable situation, it is possible to negotiate with your creditors and perhaps reduce or even eliminate your student loan debt. If you're uncomfortable with the negotiations yourself, it may be possible to hire a company to negotiate with creditors on your behalf. However, if you are committed to and have the ability to eliminate your...
Not Completing Your 1003's? Don't Expect Your Mortgage Cases To Close
People often ask me what I believe is the single biggest hindrance to a new mortgage loan officer's success. I respond without hesitation and say, "For a new mortgage loan officer to succeed they must be willing to change and adapt with the industry. They need to know what their job is and be willing to learn what it takes to succeed." Status quo and doing what they were doing a year ago will certainly doom them in today's mortgage...
Know Your Rights When Dealing With Collection Agencies
More than a few collection agencies engage in illegal practices when attempting to collect debts. Low-income and non-English speaking debtors are among those most often taken advantage of. Some collectors send fake legal papers and visit debtors pretending to be sheriffs. The collectors tell debtors to pay immediately or threaten to take personal property. Other collectors use vulgarity and profanity to intimidate debtors. Another...
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Agencies,
Collection,
Dealing,
Rights
Sunday, April 6, 2014
With the Cost of College and the Economy, Many Young People are Opting out of College
More and more young people today are finding themselves knee deep in student loan debt. The bad news is, if handled incorrectly, the consequences can be long term and devastating for an individual's credit. The good news, however, is that, if taken care of properly, these loans can help build, or even boost, your credit.Young people in average to entry-level salary jobs must seek out help when in crisis, before debt piles too...
What Happens When a Second Mortgage Forecloses
In most cases of foreclosure, it is the first mortgage company that initiates the process. The second mortgage may file its own foreclosure in order to protect its interest in the property, but even this is somewhat uncommon. The second lender would much rather work with the homeowners to find a solution to avoid foreclosure entirely, if possible. However, if the homeowners are simply too far behind on the second mortgage but...
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Forecloses,
Happens,
Mortgage,
Second
Questions and Answers for Offset Accounts UK Consumers
What are Offset Accounts? UK consumers have been asking this question more and more in recent years.They combine your mortgage with your current and savings accounts, and sometimes your loans and credit cards. Interest earnt on your deposit accounts is offset against your mortgage interest. Offset accounts are a useful tool for mortgage reduction because they reduce the amount of interest payable on your mortgage. For example,...
8 Steps for Getting Out of Debt
The Average American spends a great deal more than they make every year. This results in a financial pitfall to them later in life. If you find yourself digging deeper into the empty wallet there are ten steps that you can use as a crutch to help free you of the overwhelming financial burden of debt. 1. Create and follow a budget - Creating a monthly budget will help you to track where your monthly income is going. In order...
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