Know What Foreclosure Is Part 2
Is it possible to prevent foreclosure?
Lawful methods to prevent foreclosure are:
You have two means of lawfully debating foreclosure:
A technical defense can happen if e.g. a property owner was denied enough notice about the default and processes. But a technical defense is not the best argument to prevent disclosure. This is because a mortgage lender can
Know What Foreclosure Is Part 1
The lawful procedure that allows a creditor (lender or mortgage holder) to reclaim or sell actual property such as a home, condo or land for the repayment of an outstanding debt on that property is called foreclosure. Anytime subsequent to a borrower failing to pay a mortgage, the mortgage holder is allowed to foreclose on
Making Your Home Equity Work for a Living
When you first buy into a new home, you may have little or no equity in that property. You “own” the property in theory but unless you laid down some percentage of the price of the home as a down payment, the mortgage company actually owns most or all of the home which they slowly
Identity Theft Victim’s Bill of Rights: Your Credit Reports Part 2
A Credit Freeze: Your Right to Freeze Your Credit Report
A credit freeze takes your control over your credit report to the next level. A fraud alert puts the responsibility to validate your credit with the lender and alerts them to a possible problem with your credit report. A credit security freeze is a block on
Identity Theft Victim’s Bill of Rights: Your Credit Reports Part 1
When you are a victim of identity theft, you feel vulnerable and weak. But there are some potent laws in place to protect you. This “bill of rights” will help you know what rights are given to you in the law and how to use them to recover from identity theft and protect yourself in
Understanding Our Credit Scoring Systems
Credit scoring systems may be difficult for some people to understand, but it is important that you can understand the basic concept in order to be able to tell if you are a person with bad, average, or good credit. This will help you when you are deciding to make big purchases with the help
Fico Scores to Qualify for a Loan: 5 Questions to Ask Yourself
When it comes to qualifying for a loan, there are a number of ways that a lending institution may look at your credit. One of the most common tools the lender uses is your fico score. In fact, this single number matters so much, that it may be the deciding factor in a bank or
The Basics of Repairing Credit History
If you are struggling to secure a loan for a new car or that house you have you eyes set on, you will want to make sure that you do not have a bad credit history. Most of the time, you will be rejected for financing if your credit history is too bad. If you
Do You Know Your Debt Collection Rights? Part 4
Collectors may NOT:
• Get in touch via postcard
• Give a name that’s fake
• Provide fake contact information
• Say your debt is more than it is (except if the collector was given incorrect information by the creditor)
• Say they are employed by a credit reporting agency
• Say you have committed a crime
• Say you will be
Do You Know Your Debt Collection Rights? Part 3
If the amount is wrong what do you do?
If you suspect the amount is wrong you must state in a letter you don’t owe the money being requested by the collector. Send the letter within 30 days of the day you got your written notification of the money owed. Send the letter to the collector.