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What Collectors Can’t Do to You
According to the Fair Trade Commission, the Fair Debt Collection Practices Act lists what rights consumers have when dealing with debt collectors, including: * A debt collector can’t contact you at unreasonable hours, defined by the act as between 9 p.m. to 8 a.m., unless you give permission. * You can tell a collector — [...]
Read Full Post | Make a Comment ( None so far )How to Find a Good Debt Settlement Attorney
Once you’ve made the decision to use debt settlement to clear your debts, you must next search for a knowledgeable and experienced debt settlement attorney. Sharing your financial information with someone is intimidating and with all of the debt settlement services available, choosing one is difficult. But with a little bit of research and time, [...]
Read Full Post | Make a Comment ( None so far )Eligibility Criteria for HAMP Loan Modification Program
The Obama loan modification program was designed to help millions of homeowners who were affected in recession. Obama has allocated $75 billion in funding for the homeowners to shun foreclosure of their homes. Loan modification plan allows getting a reduction in the interest rate and the principal amount of the loan. Among the different home [...]
Read Full Post | Make a Comment ( None so far )Identity Theft Prevention
By following these simple tips, you can greatly reduce your chances of becoming a victim of identity theft. Do not carry your extra credit cards, Social Security card, birth certificate, or passport in your wallet or purse except when necessary. This practice minimizes the amount of information a thief can steal. Photocopy everything in your [...]
Read Full Post | Make a Comment ( None so far )Frequent Questions about Loan Modification
A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances? [...]
Read Full Post | Make a Comment ( None so far )Do I Need a Bankruptcy Attorney?
When filing for bankruptcy you are under no obligation to hire an attorney, but it is always a good idea to do so. If you try to face up to this predicament alone, you may find it is the worst decision you have ever made in your life. Since the Bankruptcy Abuse Prevention and Consumer [...]
Read Full Post | Make a Comment ( None so far )Alternatives to Bankruptcy
In many situations, filing for bankruptcy is the last result for solving debt problems. In others instances it will make the most sense, however, another course of action makes more sense. This article outlines your main alternatives. Stop Harassment from Creditors If your main concern is that creditors are harassing you, bankruptcy is not necessarily [...]
Read Full Post | Make a Comment ( None so far )New Credit Card Laws – What you Should Know
NEW YORK - (BY CANDICE CHOI AND EILEEN AJ CONNELLY, AP) The new credit card law is finally here. Starting Monday, banks will need to abide by new regulations on terms and disclosures. The idea behind the landmark law was to prevent banks from using practices that often dug borrowers deeper into debt. A look at [...]
Read Full Post | Make a Comment ( None so far )Guide to Reducing Debt
Millions of Americans out there have paid off significant credit card debt. Now it’s your turn. In short, your get-out-of-debt goal is to assess, organize, attack, and then lather, rinse, repeat until those balances are down to $0. Don’t worry; we’re with you every step of the way. Here’s your six-step action plan for getting [...]
Read Full Post | Make a Comment ( None so far )Common Myths About Foreclosure
MYTH: My mortgage company would rather foreclose on my home than keep me in it. The mortgage company sustains an average loss of about $58,000 when foreclosure occurs (TowerGroup study). They are in the business of providing mortgages – not owning or selling homes – and would always prefer to keep you in your home. [...]
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