How can Debt People help you?
by Mike King Often people who find themselves in huge debt seek help from financial advisors or debt management companies ... one with more options. Credit checks is another vital program provided under debt management services. Many ... mortgage, and credit card bills etc. When you suffer from a huge amount of different due debts, often [more...]
Date: 2008-07-20 20:03:00
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Videos
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Citigroup and Bankrutcy Judges Join Forces to Save Homeowners from Foreclosure
News came out today that may help many homeowners who are facing problems with their mortgage ... to follow suit. Known as “cramdown,” the rewrite would let bankruptcy court judges erase some mortgage debt to help bankrupt homeowners better handle their payments, subject to strict conditions [more...]
Date: 2009-01-08 22:36:43
The Consequences Of Devil-May-Care Lending
The Des Moines Register reports from Iowa. “Deb Baker believes she’s one of about 31, ... go to existing homeowners and pitch debt consolidation financing’ with the promise of helping homeowners save ... all of that debt into the mortgage. So, these brokers would align themselves with unscrupulous [more...]
Date: 2008-12-08 15:54:59
Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage
Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]
Date: 2009-09-29 18:16:17
IRS Plan to Help Distressed Homeowners Falls Short
The Internal Revenue Service has announced a process that is supposed to make it easier for financially distressed homeowners to refinance a ... in the property above and beyond the mortgage debt plus enough to cover the tax debt, the IRS is able ... mortgage or sell a home by providing options when there is a federal tax lien blocking [more...]
Date: 2009-01-07 14:59:28
MORTGAGE FOR BAD CREDIT
If you would like to buy a new home or have some improvement plan but you are in the situation of poor credit score and it is hard to gain the trust ... in the country, and you can also use their programs to help you on debt consolidations, mortgage refinance [more...]
Date: 2008-11-13 07:17:06
Not too proud
The amount of negative press my latest book has been receiving is an interesting thing. As I said earlier, I fully expected this ... s email. If you might help him, let me know. – Garth I am 38 years old, I have no debt but a Mortgage ... both under 3 years of age. I was always taught to pay down debt, pay down that mortgage [more...]
Date: 2009-01-15 15:17:57
How Our Gutless Media Helped Trigger the Credit Crisis
By Trudy Lieberman, Columbia Journalism Review. Posted November 20, 2008 ... on a card issued by another lender. This practice has caused credit-card rates for some people ... and helping to pile on debt that has contributed to mortgage foreclosures. But then-Governor Eliot [more...]
Date: 2008-11-21 01:28:57
Krugman: Fed mortgage rate help is a good idea
Krugman:Mortgage rates have dropped a lot in recent weeks, which is a good thing. But there’s still a huge spread between mortgage rates and rates on federal debt ... s not nearly enough to turn the economy around, but it could really help the economic recovery package. [more...]
Date: 2008-12-27 04:00:01
Consolidating Your Debt May Help You In A Tough Economy
by John Brennan The present difficult economy affects each of us differently ... . If you simultaneously have an auto loan, credit card loan, home mortgage and other lines of credit at retail ... of credit have been extended, debt consolidation can help the individual get their life and finances back [more...]
Date: 2009-01-13 08:15:18
CITI Drops Opposition to Cramdown; May Help Homeowners to Avoid Foreclosure
Citigroup and key Senate members reached an agreement on Thursday that will bring the Helping Families Save Their Homes in Bankruptcy Act one step ... can be reduced by the court including credit card debt and, ironically, mortgage debt on vacation homes ... closer to passage. The proposed law, introduced by Senator Durbin (D-IL) in the Senate and Rep [more...]
Date: 2009-01-11 15:27:40
A helping hand with credit card debt is necessary many United States debtors
As of the moment here in our beloved country of the USA we’re experiencing a uncommonly bad state of affairs financially ... loan and the second is credit card debt settlement. Debt consolidation loans can end up being pretty ... . However a mortgage like this could make your life a little simpler. Debt settlement is a different [more...]
Date: 2008-12-18 16:28:03
HOW TO HELP PEOPLE WHOSE HOME VALUES ARE UNDERWATER
The more than 12 million homeowners with mortgage debt have an incentive to default because mortgages are generally "no-recourse" ... or income to make up the difference between the unpaid loan balance and the lower value of the house ... up about $27,000 of potentially uncollectible debt but would avoid the extra loss of value that comes with selling [more...]
Date: 2008-11-19 14:59:56
Dicing With Debt
Dicing With Debt Posted in January 15th, 2009 Category:Debt Relief Britons are taking on record levels of mortgage and credit card debt, with figures released last year showing that UK personal debts far out weigh that of our European neighbours. For those in need of help with financial problems then the Citizens Advice Bureau [more...]
Date: 2009-01-15 07:42:47
Fed Watch: Misguided Policies
Tim Duy: Misguided Policies, by Tim Duy: From the wires: 15: ... s economy. Policy would be best focused on supporting the inevitable transition away from debt ... , I find programs that purport to “help” homeowners by reducing their mortgage payments [more...]
Date: 2008-11-13 00:23:00
Debt Consolidation: Will It Help Me?
We are in uncertain economic times.Many are falling behind in mortgages, student loans, car payments and credit card payments ... clearly explains what bankruptcy, debt consolidation, third party credit counseling and debt settlement ... will negatively affect your credit score and cause an increase in credit card interest rates.One of the best [more...]
Date: 2008-11-30 20:48:00
Refinances Booming? Not As Much As You Think
Discount all the reports you read about Americans lining up to refinance their mortgages and take advantage of the lowest rates ever ... down. Only about a third of U.S. mortgage debt outstanding is likely to qualify for refinancing ... or Freddie Mac in the highest-cost areas. “The refinance boom is mostly impacting the people who need help [more...]
Date: 2009-01-16 00:46:03
What is a cram down in bankruptcy?
We’re answering this question a lot lately more than likely because of the headlines Citigroup — among the largest financial institutions on the ... of the economy — and more and more troubled mortgage borrowers falling deeper into debt — it appears that Citigroup is willing to go along with a possible major plan to help alleviate the foreclosure [more...]
Date: 2009-01-14 17:28:09
Top 17 Reasons Homeowner’s Default On Their Mortgage
Top 17 Reasons Homeowner’s Default On Their Mortgage Posted by Aaron Rice under For Buyers, For Realty Professionals, For Sellers, ... 16. Too much debt 17. Inheritance Most mortgage companies or lenders require the hardship letter ... who contact us on a daily basis to help determine the value of their assets. You can be sure [more...]
Date: 2009-01-15 14:59:13
AG urges Congress to changes to help distressed homeowners
Washington's Attorney General has joined 21 other attorneys general to encourage Congress to loosen bankruptcy rules in an effort to reduce home foreclosures. Current bankruptcy laws allow judges to readjust mortgage debt on vacation homes and farms, but not on primary residences. The attorneys general would like to see that changed [more...]
Date: 2009-01-07 22:13:01
How Should We Help Underwater Home Owers ?
Martin Feldstein has another plan to fix housing. It is a variation of the 30/20/10 plan I proposed earlier in the year, ... , recourse loan: “More than 12 million homeowners now have mortgage debt that exceeds the value ... take other assets or income to make up the difference between the unpaid loan balance and the lower [more...]
Date: 2008-11-18 12:40:23
Education Imperative to Help Borrowers Cope Says Burgess
(Finance News and Information) The financial services industry has a huge educational task to fulfil if it is to protect the millions of homeowners that are currently struggling with their mortgage Having been quick to offer debt to consumers SaraAnn Burgess a director at payment protection insurance httpwwwbritishinsurancecom PPI specialist [more...]
Date: 2008-12-22 08:17:07
Bernanke: Obama stimulus would lift the economy (1/13/2009) ... mortgages and other bad assets held by financial institutions, a problem that has contributed to a lockup ... is lending billions to financial companies and buying mounds of companies' debt to help bust through [more...]
Date: 2009-01-13 20:08:03
Leading Democrat offers mortgage aid bill (Reuters)
WASHINGTON (Reuters) – The second-ranking Democrat of the U.S. Senate on Tuesday introduced legislation that would let bankruptcy judges erase some mortgage debt in an effort to stem foreclosures. The bill drafted by Sen. Richard Durbin would help millions [more...]
Date: 2009-01-06 22:29:25
How the Economic Crisis Will Help Clean Tech
Tom is an investment blogger who brings readers ideas for investments in clean energy at AltEnergyStocks.com. The Solar Investment Tax Credit has been extended, and the market for mortgage debt "rescued ... , and project developers. On the other hand, changes in the ITC (allowing it to offset the AMT, and removal [more...]
Date: 2008-10-08 07:24:59
Citigroup (C) And The Senate: The Myth Of Saving The Mortgage Market
Citigroup (C) ... , saying banks that have accepted federal aid should be doing more to help homeowners wrestling with debts they can't pay." There is a great deal of evidence, some of it from the federal government [more...]
Date: 2009-01-08 11:22:10
Should I Pay Down My Mortgage FASTER ???
Homeowners who find themselves with extra cash may be considering paying down their mortgage. While this can help some people in certain situations, like seniors close to retirement age ... interest rates, to use extra money to pay down high-interest debt and build up an emergency fund. [more...]
Date: 2009-01-16 02:36:39
Beware of fake mortgage ‘fixers’
Beware of fake mortgage ‘fixers’ In the housing market collapse, a new breed of rip-off artist has emerged, ... . Help! My post-divorce debt is killing me! Fuel Posted By : Steven G When it comes to business and finance there is a big problem with the ethics of the men and women behind big oil and the government [more...]
Date: 2009-01-15 23:19:09
Buying toxic mortgages: Hank and Ben made it sound good
Remember how brilliant an idea Treasury Secretary Henry M. Paulson and Federal Reserve Chairman Ben S ... a market for the debt, the Treasury would help with "price discovery" -- that is, other investors would see ... the banks yet 2) low enough to eventually pay off for taxpayers. But Bernanke, for one, sure did [more...]
Date: 2008-11-13 02:50:51
Foreclosure Help is On the Way
The freeze on foreclosure sales and evictions has now been frozen until the end of January, ... mortgage debt for people filing for bankruptcy. The IRS is also stepping up to the plate to assist ... payments, many of the homes in question carry IRS tax liens. Over 600,000 such tax liens are filed [more...]
Date: 2009-01-13 03:52:55
Wash Post's Pearlstein: Anyone opposing the bailout is ignorant
(updated below - Update II) Washington Post business columnist Steven Pearlstein has spent the week insisting that only gross ignorance could ... -- our help keeping up the payments on their homes. If we do that, Wall Street's bad mortgage debt [more...]
Date: 2008-10-02 06:15:38
Reasons to Refinance Your Mortgage
Image courtesy of Notionscapital.comThe rates on a 30 year home loan have recently fallen to record lows; and will possibly fall even further ... account or help you pay off your credit card debt a lot faster.Low Cost. If you are one of those ... the process to refinance their loan.Even though the current rate may be lower than what you are paying [more...]
Date: 2008-12-29 11:15:00
Morning Mortgage Meltdown: Time to Refinance!: Rates on 30-year fixed mortgages are...
Rates on 30-year fixed mortgages are down in the doldrums. Great, right? Except it's of little help to homeowners already underwater with debt and delinquent payments -- or, for that matter, anyone buying in the Bay Area, where homes generally cost more than the $417,000 [more...]
Date: 2008-12-19 18:44:52
CitiGroup Agrees To Mortgage Cramdowns
This is a pretty big reversal, but I can understand why the big banks are starting to figure out that helping people adjust their debt is ... estate starting to default, this legislation needs to pass immediately. [more...]
Date: 2009-01-09 02:06:02
on mortgage talks
A childhood friend just got home 1 month earlier my father, she too works in a cruise line! ... 1 in the states that helped millions of people with their house financing, debt consolidation and equity loans. like this company, good and renowned service must be the first thing to consider [more...]
Date: 2008-10-27 13:51:27
What About the Renters?
A little personal anecdote to help explain my philosophical opposition to the bailout, even assuming it would help the economy ( ... it wouldn’t be prudent to buy a home. In my case, I had some student loan debt, I lived in a part ... to afford a mortgage. Now, I probably could have gotten a loan. But the terms would have been ridiculous [more...]
Date: 2008-09-25 12:55:01
bad credit 2nd mortgage
If you are in need of a second mortgage, don’t let bad credit stop you from applying for a loan. Bad credit is a very common problem and lenders have become much more lenient when it comes ... with a bad credit can help you to pay the huge amount of your debt and save extra money for expenditures [more...]
Date: 2009-01-14 04:43:23
What is a cram down in bankruptcy?
What is a cram down in bankruptcy? We’re answering this question a lot lately more than likely because of the headlines Citigroup — among the ... borrowers falling deeper into debt — it appears that Citigroup is willing to go along with a possible major plan to help alleviate the foreclosure situation. Is it an effective solution? The Mortgage [more...]
Date: 2009-01-16 01:00:03
Are You A Candidate For A Short Sale Or A Foreclosure In Atlanta?
Helping Select Atlanta Homeowners Avoid A Foreclosure One of the most difficult decisions a homeowner can make is to take action to leave a home ... will show your debt as paid in full - which preserves a great deal of your credit history ... who have ample assets will NOT be able to get a short payoff approved. Second mortgages and other [more...]
Date: 2008-11-26 23:15:58
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