People who understand how credit works keeps an eye on their FICO score. The FICO score effects what kind of credit you get. The lower the score, the more interest involved and if the score is very low, you may not get credit at all. So a savvy person wants to do anything possible to [...]
In 2005 there was a modification in the bankruptcy legislation. The change in the law has made it much harder for a consumer to file Chapter 7. This is a full exemption of the debt owed. If a consumer does not pass the “means test” to qualify for Chapter 7 then they must look to [...]
We know how important it is to you to feel secure about the people you enter into relationships with — whether the relationships are business or personal. That’s why lots of websites have come up with information about these background check resources. Now, using the websites as your gateway to the vast reservoir of public [...]
The Freedom Of Information Act is a legislation signed into law in 1966 by President Lyndon B. Johnson. Also referred to as the “FOIA” this law provides for the release of public records to anyone who might request it as long as the request is in writing. Attached to this legislation are restrictions and exceptions, [...]
Having good credit is precious. You don’t want to lose it. But if your home is foreclosed you could! In many states a foreclosure means a legal judgment against you for deficiency and that becomes part of the public record. The foreclosure becomes part of your credit record and so does the judgment which is [...]
We here in U.S are on the threshold of experiencing a major credit problem. The sum of credit card debt is at a record high and we are approaching what many consider to be a recession. Thus leaving a plethora individuals with less money in there pockets and more debts to take care of. In [...]
These days during the crisis in the housing market, the one word that drives fear into the minds of homeowners is “foreclosure.” Regardless of a homeowner’s knowledge of real estate issues, he does know something about foreclosures and he knows that he should be avoiding one at all costs. He wants to avoid it because [...]
Some savvy homeowners may be aware of an alternative to a foreclosure that’s called a short sale. This concept allows the homeowner of a foreclosed home to sell his house for less than the market value. The money goes to the lender as payment of the mortgage. The lender agrees to tell the credit bureaus [...]
Homeowners facing foreclosure think immediately about the effects on their credit. If the foreclosure is allowed to continue to its conclusion it can result in a major blemish to your credit rating. The ideal would be to find a way to minimize any hit to your credit. And that can be achieved through a short [...]
It crosses many debtors minds when swamped in debt, at one time or another have considered the option of going through a bankruptcy proceeding. In this brief article I am going to give you three very serious reasons as to why you should steer clear from bankruptcy at all costs, if possible. A lot of [...]