Your mortgage remains in effect. Even if the lender goes out of business, someone else will take over the bankrupt company’s assets (the loan to you) and demand payments from you. If you don’t pay, they will take your house. You may even be sending your payments to a bank trustee (the entity who is [...]
Entries from September 18th, 2008
If Your Mortgage Company Goes Bankrupt – Who Gets Your Payments?
September 18th, 2008 · No Comments · Banking, Bankruptcy, Consumer Debt, Mortgages
Tags: Mortgage Company Bankrupt Payments Home House Fixed Rat
Five Free Ways to Get Your Credit Score
September 17th, 2008 · 2 Comments · Credit Bureaus and Scores, Credit Reports
Sure it’s easy to get your credit report for free, but how about your credit score? Yep, there’s a way to do this, too, without any trial sign ups for monitoring services: Apply for a Washington Mutual Credit Card. WaMu credit cards website will show your your FICO Score free of charge when you log [...]
Tags: Credit Karma·E-Loan·Five Ways To Get Free Score·Free Credit Scores·Lending Club·Prosper·WaMu
Revisiting The Mortgage Forgiveness Debt Relief Act of 2007
September 16th, 2008 · 1 Comment · Consumer Debt, Mortgages, Real Estate
Although this Bill was signed into law by President Bush back in December 2007, it’s contents are significant enough that it warrants re-emphasis as we enter the final quarter of the year 2008. With home foreclosures continuing to rise to unprecedented levels, many affected homeowners are not even aware of the potential ramifications of this [...]
Tags: Debt Relief·debt relief due to foreclosure·Foreclosures·housing crisis·income tax liability·Mortgage Forgiveness Act·short sale debt relief
Mandatory Arbitration Agreement Necessary to Receive Medical Treatment?
September 15th, 2008 · No Comments · Consumer Debt, Debt Collection, Legal Stuff
Recently, one of our members posted his doctor’s office experience, where he was required to sign a mandatory binding arbitration agreement. Was filling out all of the paperwork and in the middle of it found a “Notice of Binding Arbitration” It requested that you acknowledge that you had no right to the judical system for [...]
Tags: Credit card·Employmen·Mandatory Arbitration Requirement·Medical Treatment·Phone Service·t Buy a Computer
