The main goal when filing bankruptcy is to allow honest individuals who have had unfortunate events occur which have lead to severe debt, to have these debts discharged, thus relieving the debtor from their previous debts. This allows the debtor to pursue a fresh financial start. This was the decision of the Supreme Court in 1934. If you are a…
Tag: Payments
Preventing Student Loan Default
There are several ways that you can make to prevent the onset of student loan default. It is just somehow necessary for you to place your interest and efforts on preventing it. Here are the possible ways that you can consider: 1. Make sure that you understand your loan options as well as the related responsibilities prior to taking out…
Getting A Mortgage For Your Dream Home
Owning a home is the American Dream. Of course, this requires you to first get a mortgage unless you have won the lottery or have a very wealthy uncle! Getting a Mortgage for Your Dream Home Once your mind has been made up that you want to buy a house and you will need a mortgage for that house, the…
Mortgage Refinance Basics
A mortgage refinance is just that – a move to pay-off your mortgage by taking out a new loan on your home. Refinancing a mortgage therefore simply means replacing an old mortgage with a new one. Should You or Shouldn’t You? There’s no simple yes or no answer to this question. It would be better to leave it at “it…
Are You A Credit Risk No Are You Sure
You may not find out how bad your credit really is until you apply for a mortgage. Then you will quickly realize that the low interest rates everybody raves about these days, the rates that are a big part of the rising prices of real estate across America, don’t apply to everyone. To be specific, they don’t apply to you!…
How To Get Out Of Debt More Quickly
Pay more than the required payment (make extra payments in the manner your lenders prescribe – so you don’t lose out because of computer errors, etc.) – focus on your highest rate debt first. Bi-weekly payments are an excellent means to pay extra principal almost painlessly – if your paydays are weekly or bi-weekly, and if there are no fees…
How Do You Know If Debt Settlement Is The Right Strategy For You
Struggling with debt and looking for a quicker way to get out of debt completely? There are several different strategies for getting out of debt that can help you. One that is becoming increasingly popular is debt settlement (also called debt negotiation). Debt settlement is a more aggressive strategy for eliminating your debt. And it is not right for everyone.…
What Everyone Ought To Know About Student Loans
Student loans are a godsend for many students but they can be a curse for other students. The world of student loans is murky waters for the average person. Careful considerations must be given for the type of student loan, interest rates and method of repayment. Types of Student Loans For students who qualify, government-subsidized student loans are relatively easy…
True Credit Secrets
Figuring out exactly how credit scores work is problematic. Like nuclear fission, learning Chinese and setting the clock on your DVD player, credit scoring is not something that most people can easily master. In the complicated world of credit scores there is one fact that pretty much everyone assumes is true: late payments are bad for your credit scores. Not…
Home Refinancing Is Done For Many Reasons
Just a few decades ago, refinancing a home loan was relatively unknown. Most people decided to buy a house, got a 30 year, fixed-rate mortgage, and made monthly payments until the loan was paid off. Times have changed, however, and in today’s mortgage market, most new loans are more likely than not to be refinanced sooner or later. Today the…