Debt Faqs
Frequently asked questions and answers about consumer debt and more.
Can You Rebuild Credit Rating
Using Secured Credit Cards?
Secured credit cards are not only a good way to rebuild credit but
also a good way to build credit and start a savings as long as you
repay keeping a....
What Is Consumer Debt From A Consumer's
Standpoint?
Consumer debt is anything taken up in the form of a loan or that
involves using credit instead of cash. Another way of looking at
consumer debt is that you...
What Are Ways To
Increase My Credit Score After Settling Debt?
You can increase all your credit scores after settling a debt or
debt settlement just as you would if you were recovering from another
financial negative...
What To Tell My Auto Lender I
Can't Make My Auto Payment?
What you would tell your auto lender is exactly what you have
suggested to us here, you can't pay your car loan this month. Usually
if you will only be a...
Should I Get A
Loan To Help Pay Mortgage Reinstatement Fee?
Well, it all depends. Just keep in mind that a loan is another loan
regardless of the purpose in which it will be used. Late mortgage
payments are a big...
Pay
The Mortgage Company Or Attorney To Reinstate A Loan?
Either way you go, you will pay the mortgage company. If you're working
one on one with the lender with no personal attorney or no other third
party such...
Is It Best To Try To Reinstate
Mortgage Or Go To Foreclosure?
If you'll be able to afford your previous, monthly mortgage payment
after paying the mortgage reinstatement fee to bring the mortgage
current, then the...
How Much Does An
Uncontested Divorce Cost
In Michigan?
With absolutely no divorce attorney involved at all and using an
online service such as completecase.com where you download the forms
and the two...
What Is A Mortgage Closing And What
Does It Involve?
Closing is a term that you will hear used often in the mortgage
industry and
that is especially during the home buying, selling, and refinancing
process...
How Does A Person Become A Borrower
Financially?
Financial transactions and the borrower. You don't actually become a
borrower until you make a financial transaction with a person or a
business...
How Do I Do A Chexsystems Dispute
When It's Not My Fault?
If you are denied being able to use your checking account with a
check but not with your debit card, you're more than likely in a bureau
called...
What's An Assumable Mortgage And
The Product Benefits?
An assumable mortgage is another form of mortgage help where the
financial responsibility of paying that residential mortgage is
transferred and taken...
What's A House Appraisal And Some
Instances It's Used?
A house appraisal is an opinion in the form of a financial value. An
appraisal will give the actual market worth of a property and home. A
home appraisal can...
What's An Overdraft Fee And Why Is It
Charged To Me?
Overdraft protection services may appear on the service to be a
wonderful part of your checking account. After all, it will help you
avoid getting embarrassed...
Who Can Freeze My Bank Account
And Is It Legal To Do So?
Any creditor who has gone through the proper channels
for collecting on a debt can freeze bank accounts of yours whether it
is a checking or savings...
Can You Stop Wage Garnishment
After They've Started?
The answer is yes, no, and maybe so. Yes, you can stop wage
garnishment for most debt if you file for Chapter 7 or Chapter 13
bankruptcy. Chapter 13...
Which Ways Should I Use
To Dispute Equifax Credit Report?
The first step will always be to get a credit report directly from
the Equifax credit bureau. If you were denied for a loan product and
they pulled Equifax,...
Does
Personal Bankruptcy Stop Personal Injury Judgments?
Filing personal bankruptcy may be able to stop your personal injury
judgments. It may also stop lawsuits not yet in court but you know may
be coming...
Who Gets To
Claims Each Child On The Taxes After Divorce?
In a perfect world, you both could have each claimed a child (one on
your taxes and the other child on the other person’s taxes). Seems fair
and everyone...
Will My Children And I Remain
On The Health Insurance After Divorce?
Health insurance after divorce is important when there are children
that'll need the medical protection of a parent's health insurance
plan. Make...
Can
I Qualify For A FHA Home Loan With A Debt Ratio Of 53 Percent?
With a debt to income ratio of 53 percent or more, it'll be almost
impossible for you to qualify for a FHA home loan. The most current
debt ratio is...
What Is VA Refunding And How Can It Help
Me Prevent Foreclosure?
VA Refunding is where the Veterans Administration agrees to buy a
mortgage
loan from a private lender and take over the servicing of mortgage...
Can Mortgage Assistance
Programs Under VA Pre-foreclosure Help?
The pre-foreclosure sale is a disposition option and it is a very good
alternative when you have not been successful with any of the retention
options such...
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