Debt Validation is a very useful tool when you are forced to deal with collection agencies. Unfortunately, the process can be complex. Time and time again, I see people getting confused by the nuances of debt validation. They get tripped up on things such as: The exact protection it offers, What a collection agency has [...]
Entries from January 13th, 2009
Debt Validation – Frequently Asked Questions
January 13th, 2009 · 5 Comments · Consumer Debt
Tags: collection agency·Debt Validation·Fair Debt Collection Practices Act·Frequency Asked Questions
High Credit Score a Necessity for Best Interest Rates
January 12th, 2009 · No Comments · Credit Bureaus and Scores, Mortgages, Real Estate
Interest rates may be at their lowest levels in years, but qualifying for those primo rates is, unfortunately, also more difficult than it has been in years. According to many mortgage brokers, lending institutions are generally reluctant to provide the most favorable rates to all but the most bulletproof of borrowers– fallout from the subprime [...]
Tags: Credit Scores·home loans·Interest Rates·mortgage rates·Mortgages·new home loans·Refinancing
What Can You Expect After a Bankruptcy? The Time Line
January 9th, 2009 · 15 Comments · Bankruptcy
Recently, someone called this article to my attention, which extolls the advantages of bankruptcy. It listed several advantages to doing it and seemed to gloss over the detriments. It’s written by Jane Bryant Quinn, who is a very respected writer by many journalists (including myself) about personal finance. http://www.newsweek.com/id/177749?GT1=43002 To get my two cents in, [...]
Tags: After Bankruptcy·Credit Cards·Fannie Mae·FHA·Freddie Mac·Mortgages·Secured·Time Line·Unsecured
