Loverde

My understanding there has never been a SOL on a student loan. Mine caught up to me after 12 years. I entered a loan rehab program and got it back on track, but they will chase you until you die basically. ______________ Personal Bankruptcy

Foreclosure is the legal and professional proceeding in which a mortgagee, or other lien holder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption. ___________ Personal Bankruptcy

I think it's not an easy solution to mortgage problems, but hoping to avoid repossession by handing back the keys isn't generally a good idea. Trying to get by long enough to sell the house yourself on the private market is likely to give a more positive outcome than walking away and hoping your mortgage company will keep your best interests in mind when settling the debt. ___________ Personal Bankruptcy

If your HAMP application is denied, the lender can continue the foreclosure process. But you can re-apply, if not for HAMP, for an alternative or traditional loan modification based on your lender's in-house guidelines. ____________ Personal Bankruptcy

BK is very tough, but if there is just no way a person can pay back their debts in a reasonable time, then I'd do BK 7. It's legal and protects your assets and peace of mind.

I certainly agree with you. Your advice is really very helpful for us.Thanks a lot!

There are legal limits to how much interest can be charged. Usury rates are different in each state, most credit card companies are smart enough not to break the law.

I never understood why people overdrafted...and if if you did why wouldn't you have a savings account linked so you didn't get hit up with fees

Agreed! Nice find .. Good stuff!

It’s all risky if everything destabilizes. Though sometimes it’s nice to think otherwise, I don’t expect to make money on any of this.

Banks will normally report charged off accounts to national CRAs which will have an even greater negative impact on the consumers ability to obtain any credit products.

Keep sharing have a Great day

If you have a clear title to your car, you can apply for an auto title loan with no hassle and keep your car. Your credit is checked, but because you have collateral in the value of the car, it is not a deciding in factor in your approval.

Mortgage rates are low because investors, nervous about global economic stability and a volatile stock market, are plowing their money into mortgage securities.

The truth is that timeshares are even worse than a crappy investment since they really aren't an investment at all. Nobody in their right mind invests in a depreciating asset and expects to sell it for a gain years later.