LOANS AND FINANCE

Investing for Low income Earners

2012-03-01T01:24:00.001-08:00

Investing is a smart financial strategy used to earn more money. People make money on investments by spending money now in the hope that the value of the investment will increase over time, thus giving the person exponentially more money than was initially spent. However, some people just cannot afford to spend much money on an investment. Thankfully, there are a number of different investment ideas for people with low incomes or without a lot of extra money to invest.

Savings Account
A savings account is one way for a low-income family to put a little money aside each paycheck and earn money over time. Savings accounts pay interest rates to the investor, meaning that you receive a certain percentage each year on the money you have in the account. Most banks offer an interest rate between 1 and 2 percent, which is lower than other investment opportunities but it is a guaranteed return. You can open a savings account with as little as $50 at some banks, and deposit a small amount, like $25, each paycheck. Over several years, those small amounts combined with the interest rate will add up to a significant amount of money.

Mutual Fund
A mutual fund is a pool of money from a number of different investors that a company or trustee uses to invest collectively in stocks, bonds, assets or a variety of other investment opportunities. You typically do not choose where the money is invested; your primary role is to contribute money into the fund. Most mutual funds let you begin with a small sum of money, like $250. This may take a little time for you to save, but once you invest the initial amount, you can contribute smaller monthly amounts into the mutual fund, like $25 or $50. The details vary between different mutual funds, but there are plenty of mutual funds out there for low-income investors. Keep in mind that mutual funds are not a guaranteed success, but may be a wise investment for beginners.

Individual Development Accounts, IDA
An IDA is a popular investment idea for low-income families. IDAs are like savings accounts, except that they are associated with a sponsor that matches every dollar you invest into the IDA with a predetermined amount. That means that every dollar you deposit into the account is really worth more than just a dollar thanks to the sponsor contributions. In some cases, the sponsor will match your dollar with two or three dollars, so your account can grow quickly. You can set up an IDA through most banks or credit unions.

Real Estate
Buying real estate or a home is another investment opportunity for low-income families. You can find places to buy, such as apartments, condominiums or small houses, that have monthly mortgage payments equal or less than what you pay in rent each month. The biggest obstacle can be the down payment. Banks like to see you put down 20 percent of the cost of the home, but if you have good credit, you can get a loan for less than that. Some lenders offer loans for as little as 3 percent, though your monthly payments will be higher with a lower down payment. Once you are able to make a down payment, you can move into the home, or rent it out for a profit. Over time, the value of the home and property you own should increase, though it is not guaranteed. When you are ready to sell, you can sell the home for more than you paid for, turning a profit on the investment.

Many cities and communities also offer program for affordable housing for low-income families, which helps people buy a home they can afford to earn equity and establish good credit.
Source

Resources:
Free Government Grants and Loans Program
The Ultimate Loan Modification Guidebook
My Miracle Loans
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Loans for Low Income Earners: What to do if buried in student loans

2011-10-12T22:47:00.000-07:00

(Reuters) - It's a tough time to be a former student. The lousy job market is bad enough, but two in three recent graduates are carrying education loans averaging $24,000. Graduates from high-priced schools may have double or triple that amount of debt, and not any more luck finding well-paid jobs. Defaults are up, the Department of Education just reported. But in most cases, simply not paying isn't a real option; it's easier to walk away from a house than from a student loan. If you stop making payments on a federal student loan, Uncle Sam will hunt you down and haunt you forever. Really. You can hide for 45 years and then find your Social-Security check clipped to repay your student loans. But that doesn't mean you have no recourse. There are a few moves you can make now to lighten your load. Here's a quick guide to your options:

--- Learn about your lenders. It's important to know the difference between government loans, which may be serviced by a private company like Sallie Mae, and private loans, which may have been issued by a company like Sallie Mae. The bills might look the same, but the loans are very different in terms of the available repayment options and the way borrowers are treated when they fail to repay. Step one: Make a list of all of your loans by lender.

-- Tackle your federal loans first. Federal student loans really never do go away, so make those payments a priority. If you're already in default, do whatever it takes to get your loan rehabilitated and back to current, counsels Deanne Loonin, a student loan expert with the nonprofit National Consumer Law Center. That's because federal loans that are paid up to date are eligible for some remedial programs, including loan consolidation and income-based repayment.

Resources:
What Lies In Your Debt?
The Debt Free Miracle

-- Sign up for income-based repayment. There is a relatively new and underutilized government program that allows low-earners and no-earners to squeeze their payments down to an affordable level. "It's assurance that your loan payments won't put you in the poorhouse," said Lauren Asher, president of the Institute for College Access & Success, an advocacy organization. "You still have to pay them back but it is manageable." Under some circumstances, the government will even pay the interest on your loans for up to three years. If you spend your whole career in a public service or low-paying job, you may even get loan forgiveness after 10 or 25 years.

-- You can defer your federal loans. If you are unemployed, in the military, in graduate school or suffering other economic hardship, you may be able to get a complete deferral of your loan for up to three years. But don't do this unless you have to, because in many cases your interest will continue to accrue. That means you will owe even more when you finally face the music. It's a decent stop-gap strategy if you're jobless, though. Or if you're doing something with your life that will increase your earnings potential down the road.

-- You can consolidate your student loans. The Department of Education allows you to roll your various federal loans into one. This can be good if you're having trouble making payments, because it may enable you to stretch your repayment period out over a much longer time period -- as long as 25 years. But the interest rate on your new loan is unlikely to be lower than your existing loans, so it may not save you money in the long term.

SOURCE

Resources:

Bad Credit Personal Loan Source

Bad Credit Loan Sources

Loans for Low Income Earners: Payday Loans

2011-08-18T06:33:00.000-07:00

Thousands of low income earners are turning to payday loans to make ends meet after being deterred by the High Street banks.

Around 57 per cent of the customers for one leading payday loan company are people earning between £25,000 and £50,000 — well above the national average wage.

They are being forced away from more traditional High Street banks by the record cost of personal loans, which now charge on average 12.49 per cent — 25 times more than the Bank of England base rate of 0.5 per cent.

Payday loans are designed to help people make ends meet when they run out of money in their bank account until their next pay cheque arrives. Customers typically borrow around £300 for a few days.

Few credit checks are made, and money can be in the borrower’s account within minutes of applying. But loan rates can be the equivalent of 2,000 per cent and those who are late repaying the debt can face eye-watering charges.

The findings come from leading firm Instant Loans Direct, which analysed data from its 75,000 customers.

Giles Coutts of Instant Loans Direct says: ‘Many assume it’s only those on low incomes struggling to get cash from their bank and who resort to payday loans.

‘But it’s actually the middle-earners whose budgets are being bust and who need the cash most desperately to cover them, usually for ten days until payday.’

Families are being caught in a financial trap by exorbitant price hikes for gas and electricity, petrol and food shops.

The average household now spends around £1,200 a year on fuel bills, says the Energy Saving Trust energy efficiency group, while the average price for a litre of unleaded petrol is 136p, according to fuel cost observer Petrolprices.com; food price inflation is hovering at 5.2 per cent.

Payday loans must usually be repaid over anything from a couple of days to a month; the typical cost of borrowing £300 would usually be about £75 — equivalent to roughly 1,300 per cent.

Only a quarter of payday loan customers are home-owners, according to the Consumer Finance Association (CFA), the industry trade body.

The payday loan industry is worth an estimated £1.2billion and growing fast. In most cases, customers will repay all that they owe before their payday but — when they can’t — their loans can sometimes be rolled over to the following month.

Around 70 per cent of customers are aged between 25 and 45, research from the CFA shows, and the majority (60 per cent) tend to be single rather than married or cohabiting.

All payday loan customers must have a bank account and a job. Despite the rapid growth, the industry is still applying its own brakes; the CFA says that decline rates can be more than 90 per cent of applicants for online loans.

Unique baby gifts

Can Obama Make Sense of All This Debt?

2008-11-27T12:48:00.000-08:00

Early Tuesday morning, the federal government announced a new, massive $800B program to buy up bad debt and pump money into the sagging credit markets. According to a NYTimes article entitled: “U.S. Unveils New Programs to Ease Credit,” the program would be structured as follows: "The Federal Reserve said that it would buy up to $600 billion in mortgage-backed assets from the government-sponsored mortgage finance giants Fannie Mae (FNM) and Freddie Mac (FRE). The agency would also buy up to $100 billion in debt directly from the companies and up to $500 billion in mortgage-backed securities."

In addition, the Fed and the Treasury unveiled a different $200B package to help commercial lending (car loans, student loans, etc).

Read full article: Can Obama Make Sense of All This Debt?

Resources:
Bad Credit Loan Sources
Personal Loans &Visa Approved At Abacus
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U.S. Mortgage Rates Drop Most in Seven Years on Fed Debt Plan

2008-11-26T06:40:00.000-08:00

Nov. 26 (Bloomberg) -- U.S. mortgage rates dropped by the most in at least seven years as a Federal Reserve pledge to buy $600 billion of debt succeeded where seven cuts in the central bank’s benchmark rate had failed.

The average rate for a 30-year fixed mortgage fell to about 5.5 percent after starting at 6.38 percent yesterday, according to Bankrate Inc. It was the biggest one-day drop in at least seven years, said Holden Lewis, of the North Palm Beach, Florida, publishing and research firm.

Read full article: U.S. Mortgage Rates Drop Most in Seven Years on Fed Debt Plan

Resources:
Mortgage Mistakes - The Top Reasons Your Lender Can Say "No!" and How to Avoid Them
Bankruptcy Mortgage Book
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New $800 billion rescue plan includes money for credit card debt

2008-11-25T10:02:00.000-08:00

WASHINGTON — Treasury Secretary Henry Paulson, warning that "millions of Americans cannot find affordable financing for basic credit needs," announced a major expansion of the federal bailout on Tuesday — as much as $800 billion to make mortgages and consumer credit more available and affordable.
The government will buy up to $600 billion in mortgage-backed assets, and, in a separate action, lend up to $200 billion to investors who've bought securities backed by consumer loans such as credit cards, auto and student loans, in a bid to free up consumer credit.
Paulson, speaking at a Washington news conference, hailed the housing aid as "a very strong statement of support for the housing market....Mortgage spreads have...not come down as much as they might," he said, "but I would say mortgage financing has remained...available and it has not risen nearly as fast as the cost of other credit."

Read full article: New $800 billion rescue plan includes money for credit card debt

Resources:
The Credit Card Debt Survival Guide
Do-it-Yourself Credit Card Debt Settlement
.

Credit cards with the happiest users

2008-11-24T03:33:00.000-08:00

If you hate your card company, it may pay you to check out the cards with the most-satisfied users.
Credit cards aren't created equal. Neither are credit card companies.
A recent consumer survey by J.D. Power and Associates recently confirmed what the credit-savvy already know: American Express makes its customers happier than any other issuer. "Happier" is relative, of course. The survey of nearly 8,000 consumers reported that AmEx scored 783 points out of a possible 1,000 when judged on five issues:

Read full article: Credit cards with the happiest users

Resources:
The Smart Merchants Guide to Reducing Credit Card Processing Fees
Credit Crunch Slayer - Beat the Credit Crunch Today!
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Your 5-minute guide to managing debt

2008-11-21T01:10:00.000-08:00

At some point in our lives, most of us have borrowed too much. If you're in over your head, don't despair. But make no mistake: You must learn to live on what you earn.

First, stop making excuses about why you're in debt. Don't blame the credit card companies or your parents. Put that energy into reducing your debt.

Debt can be extremely stressful, so tell someone you're in financial trouble. If you can't talk to a family member or friend, contact an organization that deals with debt reduction, such as the nonprofit National Foundation for Credit Counseling.

Read full article: Your 5-minute guide to managing debt

Resources:
The Credit Card Debt Survival Guide
Eliminate Debt Fast Without Bankruptcy Or Debt Consolidation
.

How You Can Make Your Debt Consolidation Work for You

2008-11-19T20:16:00.000-08:00

How do you define debt consolidation? Consolidation is the process of combining all unsecured debts into one account. Thus, instead of paying multiple debts-each with its own interest rate, the borrower can submit only one monthly payment with a single interest. Thus, the money you save from the additional interest costs can be used in paying off your original debt.

Many credit counseling services recommend consolidation on extreme cases of debt. If the borrower owes huge debts with different creditors, repayment can be very difficult unless the bills are consolidated. Nevertheless, this doesn’t mean that consolidation is always the solution to debt problems. A credit counselor must also suggest practical ways on how the borrower can be free from debts more easily.

Read full article: How You Can Make Your Debt Consolidation Work for You

Resources:
What Lies In Your Debt?
The Debt Free Miracle

The Debt Diet: Ways to Trim Unsightly Bills

2008-11-18T23:00:00.000-08:00

It's time to go on a debt diet.
Carrying around a few thousand dollars in credit-card balances may have seemed perfectly acceptable a few months ago. But in this financial crisis, it can be downright dangerous to your financial health. Credit-card companies are jacking up rates and fees, making it easier to fall deeper in the hole. And during a recession, when the possibility of layoffs looms larger and most of us feel increasingly vulnerable, debt becomes even more pernicious.
Unfortunately, even if you are determined to be more disciplined, paying off your debt can be just as slow and frustrating as trying to work off those irritating love handles. Just as we have to keep eating when we're dieting, we still may have to use our credit cards for travel and other needs.

Read full article: The Debt Diet: Ways to Trim Unsightly Bills

Resources:
Debt To Wealth
Eliminate Debt Fast Without Bankruptcy Or Debt Consolidation
.

Checklist for Those on Debt Management Plan

2008-11-17T23:35:00.000-08:00

When faced with serious debt problems, people run to credit counseling agencies for help. True, there are many reputable non-profit organizations that offer credit counseling and help on financial management. However, there are also many organizations that pretend to offer credit counseling but charge their clients with unreasonably high fees for their services.

The Federal Trade Commission (FTC) warns the public against such credit counseling agencies that claim to be non-profit but asks for unreasonable payment from their clients who are already swamped in debt. Some of these fake credit counseling agencies use deceptive tactics on customers who do not have any idea that they’re dealing with the wrong credit counseling agency.

What is a Debt Management Plan?
For instance, some credit counselors may advice consumers to enroll into a debt management plan. With a Debt Management Plan, the consumer will be submitting a monthly payment to the credit counseling agency. The agency in turn, will divide the payment and distribute it to different creditors. It is true that creditors can give lower interest rates and even waive penalties for those who are paying through a debt management plan.

Read full article: Checklist for Those on Debt Management Plan

Resources:
What Lies In Your Debt?
The Do-It-Yourself Debt Settlement
.

Financial Focus: There are still ways to consolidate your debt

2008-11-16T21:38:00.000-08:00

Q: As credit tightens, what options are available to consolidate debt? What are some of the safest ways for consumers to consolidate debt?

As credit markets continue to struggle, many consumers are concerned about how to best manage their current debt load. If you are fortunate enough to be a homeowner and still have some equity left, a consolidation refinance may be one option to consider.

While most credit cards have variable rates of interest, home loans have the option of a low permanently fixed rate. Even with the financial crisis in full swing, mortgage interest rates are some of the lowest available in the finance marketplace. Underwriting criteria have toughened up in recent months, so you actually have to prove you can pay back the new mortgage.

Read full article: Financial Focus: There are still ways to consolidate your debt

Resources:
Get Out Of Debt - The Debt Buster System
Financial Facelift - Top Selling Christian Debt Elimination Program
.

Regulators nix credit card debt forgiveness plan

2008-11-13T22:05:00.000-08:00

WASHINGTON – Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.

The Office of the Comptroller of the Currency rejected the request for a special program that would allow as much as 40 percent of credit card debt to be forgiven for consumers who don't qualify for existing repayment plans.

An unusual alliance of financial industry interests and consumer advocates, represented by the Financial Services Roundtable and the Consumer Federation of America, made the request to the Treasury Department agency on Oct. 29. It demonstrated the urgency of the situation in a deepening economic crisis: consumers — even those with strong credit records — defaulting at high levels on their credit cards, while banks battered by the credit crisis bleed tens of billions from the losses.

Read full article: Regulators nix credit card debt forgiveness plan

Resources:
Credit Counseling For Credit Reports And Credit Repair Workbook
Credit Repair, Credit Repair Kit, Credit Repair ebook
.

How does consolidating student loans help you?

2008-11-13T03:29:00.000-08:00

This is the time of year when the buzz starts up about student loan consolidation. Some people benefit from consolidating, others don't, and borrowers want to know which camp they fall in.

Here are the facts: Until recently, borrowers were able to consolidate their loans each year at a low-interest rate, sometimes under 3 percent. In 2006, Congress set a fixed rate for Stafford and PLUS loans, which means that loans originating after July 1, 2007, largely won't benefit from consolidation. In fact, if you do decide to consolidate, your interest rate will increase slightly.

Read full article: How does consolidating student loans help you?

Resources:
The Rogue Student Loan Collector Reveals All
Loan Modification Made Simple GuideBook
.

Ready to Consolidate That Debt?

2008-11-11T22:49:00.000-08:00

IF YOU'RE A homeowner saddled with debt (and we're talking about high-interest debt like the kind you pile up on credit cards), then a home-equity line of credit, or HELOC, might be a good escape hatch. After all, the average credit card now carries an annual percentage rate (APR) of around 14%, whereas the average APR for a $30,000 HELOC is about 8.2%, according to Bankrate.com. And that's before you consider the tax break on your interest payments.
From a pure number-crunching perspective, consolidating high-interest, nondeductible debt into a HELOC or a home-equity loan, or HEL, is a no-brainer. Of course, your home is the collateral for such a loan, and foreclosure could leave you bunking down in Mom's den. So look in the mirror. If you're the type who will simply accumulate more debt once you've wiped the slate clean on your credit cards, forget the loan.

Read full article: Ready to Consolidate That Debt?

Resources:
How to Eliminate Debt
What Lies In Your Debt?
.

Make It Through Holidays Debt-Free

2008-11-10T23:37:00.000-08:00

You probably don't want to start thinking about Christmas and the holiday shopping season this early, but it's in your financial interest to do so.

While it is possible to escape Christmas debt-free, it does require a bit of organization, preparation and willpower. By taking the time now to create your holiday shopping plan, you are much more likely to find that there isn't any extra debt to have to deal with even after all the celebrating is over. Here are a few steps to take to make that happen:
Budget and list: Your biggest enemy during the holidays is impulse purchases. With sales and specials in every retail window, it's easy to get sucked into purchasing items that you never planned to buy. To avoid this, you need to make a budget of how much you can afford to spend. Once finished, make a list of all the people who you need to buy gifts for and figure out how to make those fit within that budget. By assigning prices to all the gifts that you need to purchase, you'll know exactly what you can and can't afford.

Read full article: Make It Through Holidays Debt-Free

Resources:
Stop Debt Collectors Calls Now!
Credit Card Debt Settlement Do it yourself
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Is There Still Such a Thing as Good Debt in this Economy?

2008-11-10T02:50:00.000-08:00

The current economic crisis has been blamed in part on the lenders who issued mortgages to underqualified borrowers, spreading bad debt throughout the financial system. So, is there still such a thing as good debt?

James Burns, author of the new book The 3 Secret Pillars of Wealth: How to Crack Your Wealth Code Using the Tools of the Self-made Billionaires, believes that there is, and that following some simple rules can help you determine when to borrow money.

"People often view debt as all bad," says Burns, "and with the current financial crisis most people are either unable to get a loan or wary of borrowing money altogether. But there are times when you should borrow money."

Burns explains that businesses often borrow money to aid expansion and that investors have long borrowed money in order to capitalize on opportunities they might otherwise not be able to afford.

Read full article: Is There Still Such a Thing as Good Debt in this Economy?

Resources:
The War on Debt Video Series
Make Money Buying Debt
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Debt Consolidation recommendation reiterated

2008-11-07T04:07:00.000-08:00

One of the men who caused the creation of the Marshall County Board of Public Utilities has been a champion of consolidation and as he was leaving that panel recently, he reasserted that method of improving public service.
"We need to look at the opportunities for cooperation between the utilities... to bring these organizations together to achieve the economy of scale we could have together," Joe Barry Brandon told the MCBPU during a special called meeting of the rural water service on Oct. 21.
It was the day the board officially received a consultant's report with a recommendation that to overcome an increased debt load there should be a water rate increase of some 34 percent.
"Nobody likes to raise taxes or increase rates," Brandon said. "This organization is trying to look into ourselves and see how we can best serve ourselves and deal with the recession."

Read full article: Debt Consolidation recommendation reiterated

Resources:
Debt To Wealth
Financial Facelift - Christian Debt Elimination Program
.

Credit card debt forgiveness for some benefits all

2008-11-06T02:21:00.000-08:00

In these extraordinary times, card issuers' plan to erase up to 40% of some customers' debt would also be good for those who pay their bills on time.

When I heard last week that banks want to forgive up to 40% of some customers' credit card debt, my first question was, "What's the catch?"

"There's no catch," answered Scott Talbott, chief lobbyist for the Financial Services Roundtable, an industry group that helped concoct the debt-relief program. "There's no hidden agenda. These are extraordinary times and the industry is aggressively working to help customers."

He's half right. As best as I can tell, the banks' offer comes with no strings attached.

However, this isn't pure altruism. Credit card issuers would enjoy some significant benefits under the plan, making it an act of self-preservation that just so happens to be in the best interests of potentially millions of cardholders.

Read full article: Credit card debt forgiveness for some benefits all

Resources:
Amazing Credit Score Secrets Revealed!
Credit Repair Magic
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Seven Tips To Avoid Drowning In Debt

2008-10-31T08:32:00.000-07:00

Don't hide purchases from family members. Dishonesty about your spending leads to financial trouble, as well as strained personal relationships. Honesty is the best policy.

Don't start charging when there is no money. You should not be spending more than 20% of your take-home income on credit card bills or loans; this includes your car payment.

Read full article: Seven Tips To Avoid Drowning In Debt

Resources:
Fast Debt Elimination System
What Lies In Your Debt?
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How Bad Credit Debt Consolidation Will Help You

2008-10-29T18:47:00.000-07:00

The concept of bad credit debt consolidation is supposed to make debt repayment easier for more people. Those who are stuck in huge debts can lighten their burden through consolidation. There are two ways to consolidate debts – first is through a debt consolidation loan and the other is by enrolling in a debt management plan. In this article, let’s discuss each of these options.

Debt Consolidation Loans for Bad Credit

By acquiring a loan, a borrower can pay off all his existing debts at once and stop debts from further accumulating. The interest rate incurred each month and the late penalty fees are eliminated, giving you a chance to focus on repaying only the original debt you owe. After the loan has been used to pay all debts, the borrower is subject to pay his debt consolidation company.

Read full article: How Bad Credit Debt Consolidation Will Help You

Resources:
Get Out Of Debt - The Debt Buster System
Quick Credit Fix Blueprint
.

Student-loan consolidation is not a sure thing

2008-10-29T01:32:00.000-07:00

This time of year, millions of college graduates face a reality of life after academia: With the six-month grace period on student loan repayment coming to an end, it's time for them to start making good on their debt.

But this year, one popular option--student loan consolidation--is harder to come by.

Consolidation loans are a type of refinancing for student debt. Graduates can lump all their college loans together, merging multiple bills into one and potentially lowering the interest rate.

Lenders used to eagerly consolidate student debt.

Not anymore.

The credit crunch has made it expensive for many lenders to raise the funds they need to create new loans. In addition, a law passed last year by Congress reduced the subsidies on federal loans that lenders receive from the government.

Read from The Chicago Tribune

Resources:
The Rogue Student Loan Collector
Personal Loans & Visa Approved At Abacus
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Negotiating Debts with your Mortgage Lender

2008-10-28T00:42:00.000-07:00

Missing payment on your mortgage could put you in a very dangerous situation. Three consecutive misses in your payments can force your lender to file for foreclosure. This is why consumers are advised to pay close attention to their payments. However, there are times when financial crisis can make it difficult for you to keep up with your payments. When this happens, what can you do to avoid foreclosure?

Is there a way to prevent your mortgage lender from foreclosing your home? In this article, we’ll discuss the steps you can do to save your home property from the risk of foreclosure. Consider the following tips:
Speak with your lender. If you know that you won’t be able to submit your payment on time this month, notify your lender right away. Explain why you’ll be delayed in submitting your payment and when you intend to do so. But who should you speak with? Explaining your situation to the wrong representatives of your lending company would be a waste of time.
Read full article: Negotiating Debts with your Mortgage Lender

Resources:
Strategic Mortgage Default System
Learn How To Smash Your Mortgage
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101 Ways to Save Money

2008-10-26T12:18:00.000-07:00

Food is expensive, gas remains stubbornly high and winter's big heating bills are coming.
Since loans are tough to get and our retirement funds are shrinking fast as the stock market crashes, we thought we'd share some old-fashioned penny-pinching tips.
Some come from readers who responded to a business reporter's request for suggestions. Others come from the misers on our staff. And a few come from rules our mothers taught us or hints we've read over the years.
Read full article: 101 Ways to Save Money

Resources:
Living On A Dime - Financial Independence Through Better Life Choices
SovereignLife: Your Gateway To Personal & Financial Freedom
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How Can I Recover from Bankruptcy?

2008-10-23T03:55:00.000-07:00

When it comes to finances, bankruptcy is definitely one of the most difficult problems that one can face. Nevertheless, this doesn’t mean that it’s a hopeless situation. As soon as you’ve been discharged, you can take action to rebuild your credit right away.

You Can Rebuild Your Damaged Credit
Once you’ve been approved for bankruptcy, your past credit history you’ve would be erased. In short, you should need to open new accounts and start over to build a new credit history.
Read full article: How Can I Recover from Bankruptcy?

Resources:
37 Days to Clean Credit
The Attorney's Guide To Credit Repair
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