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Debt Settlement & Foreclosure

Saturday, 27 September 2008 | Administrator

Debt settlement is a growing option for consumers wanting a fresh start. It is also a good option for homeowners just coming out of foreclosure or setting up a mortgage modification. Why?
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Fed to rein in credit card companies

Monday, 05 May 2008 | Administrator

Federal bank regulators moved Friday to place new rules on the nation's credit card industry that would make it more difficult for lenders to raise interest rates and would give consumers more...
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Well-Off Not Immune to Credit Card Debt
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Written by Administrator   
Saturday, 19 July 2008
An attorney with a six-figure salary, Will Chen thought credit card debt was something that only affected people with low-paying jobs. But when the lavish spending inspired by his new job outpaced his paychecks, he quickly fell $100,000 into debt.

Credit card debt
 
Divorce Debt
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Written by Administrator   
Wednesday, 28 May 2008

That vow of for better or worse also meant that you share in whatever debts you and your spouse accumulated in the marriage. Mortgages and credit cards are usually the biggest joint debts. You are both responsible for anything you have signed together like joint tax returns, joint credit card debts, joint mortgages or loans. If your spouse is spending money recklessly after you file for divorce, file a motion with the court explaining what is happening and ask for an early hearing.

 

Last Updated ( Saturday, 19 July 2008 )
 
Spend $10 Today, Be Out $100K Tomorrow
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Written by Administrator   
Wednesday, 28 May 2008

Little amounts can make a large difference to your finances.

As gasoline and food prices continue to rise, the squeeze to make family budgets balance each month becomes more of a struggle. After the big savings have been found and taken, smaller savings have to be found to make ends meet.

This can be frustrating as it can feel like everyone is being nickled and dimed to death. That's why it's important to realize how these small amounts can make a huge difference in your overall financial health.

Last Updated ( Wednesday, 28 May 2008 )
 
Complaints against debt collectors
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Written by Administrator   
Monday, 19 May 2008
With more people falling behind on their consumer loan payments, regulators and consumer advocates say they're seeing a surge in aggressive — and sometimes questionable — debt-collection tactics.

Complaints against debt collectors, after plunging in 2005, are rising again, the Council of Better Business Bureaus says. Complaints surged 20% in 2006 and 26% in 2007, according to the BBB's preliminary figures. And the Federal Trade Commission, which receives more complaints about debt collectors than about any other industry, says it's seen a steady rise in complaints against debt collectors.

Last Updated ( Monday, 19 May 2008 )
 
Investing or Paying Off Debt
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Written by Administrator   
Thursday, 15 May 2008

If you receive a windfall of cash (such as a tax refund or collection of a debt from a friend), you may face a common dilemma: Invest, pay off debt, or spend. (Spending is not considered as an option here.) If better personal budgeting has helped you save an additional amount every month, a debt repayment plan may be preferable to saving until most of the debt is gone.

Last Updated ( Thursday, 15 May 2008 )
 
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Chris Timmons - EzineArticles Expert
  • Foreclosure Process - How it Works
    Knowing the foreclosure process could be the deciding factor in keeping your home. Here we outline the basic foreclosure process, but knowing your local and state foreclosure laws are very important for homeowners facing foreclosure.
  • Depression From Foreclosure Debt
    Recent studies have shown that people sink into emotional and mental health problems in times of recession. When a person is about to lose his or her home, foreclosure depression, migraines, stomach pains, and stress are sure to follow. In fact, the number of people who are committing suicide has steadily risen over the past few months after the housing market went bust.
  • Negotiate My Mortgage
    Negotiating new mortgage terms when faced with foreclosure is called loan modification. Loan modification allows homeowners one shot at getting a mortgage that fits their current financial situation.
  • Loan Modification Companies - Helping People Avoid Foreclosure
    When facing foreclosure you have a few options, from short sale to loan modification. If you choose loan modification then it is best you seek help from a qualified loan modification company or attorney.
  • Government Mortgage Relief Plan
    Nationwide news channels are filled with reports on the Obama stimulus plan and focused mostly on the 75 billion allocated by Obama's administration for Mortgage Relief. Obama's plan focuses on keeping up to 9 million people from foreclosure. Helping these homeowners avoid foreclosure is vital to stabilizing home prices and ultimately the economy.
  • Foreclosure Refinance - A Key to Keeping Your Home
    It is not the end of the world when you receive a notice of foreclosure from your lender. Although it would have been a lot better if you already contacted your bank or applied for loan modification even before you were served such a notice, there are still things you can do, such as apply for foreclosure refinance, in order to avert losing your property or home.
  • Loan Modifications - A Great Help in Fighting For Your Home
    Facing home foreclosure does not have to end in losing your home. Loan modification by a loan modification can stop foreclosure and arm you with the tools to fight foreclosure.
  • Leverage in Avoiding Foreclosure
    Loan modification can save your home from being foreclosed by the bank or lender. Here, you can request that the interest rate on your loan be changed into one that is more affordable to you or you can also petition to extend the term of your mortgage. In some loan modification programs, you can even apply for a change in the balance of your loan's principal.
  • 3 Types of Foreclosure Assistance Programs
    Everyone knows someone in foreclosure, knowing how to help them is another story. Here are 3 common foreclosure assistance programs.
  • Mortgage Modification - Importance of Correctly Filling Out Forms
    Due to the financial crisis that is gripping the country, millions of families have already lost their homes to foreclosures. Even if you are struggling to keep your home loan payments, you do not have to be one of the people whose homes have been foreclosed. With mortgage modification, there is still a way for you to save your property and spare your children and family from experiencing eviction and being rooted out of the neighborhood that they have grown to love and care.
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