Debt Consolidation is Risky Business for People in Need
Posted on October 15, 2008 - Filed Under Finance | Leave a Comment
Debt consolidation can reduce your loan amounts, but it could prevent you from getting the help that you really need.
I recently met with a potential mortgage client. This couple was trapped by one of those easy to overlook agreements found so often in troubled mortgages today. Their adjustable rate mortgage payment was about to go higher, and taxes were not included in the mortgage payment (or in their monthly budget). They were afraid they would lose their home any month. Well, they’re not alone in their situation, and coming to a mortgage professional for help was very wise. Unfortunately, they did something before coming to talk to me that hurt their FICO score and will prevent me (or anyone else) from being able to help them right now.
Read More..>>Why Not Use Credit Cards To Build Credit
Posted on June 2, 2008 - Filed Under Finance | Leave a Comment
If you use plastic money in a responsible way you can create an excellent credit history for yourself. When you do this you are showing creditors that you are serious about your credit and you are worthy of their financial assistance.
Many people think of credit cards as the way that most people create bad credit, but did you know that you can use cards to create good credit for yourself, too? If you use this plastic money in a responsible way you can create an excellent credit history for yourself that will give you all of the buying power that you could ever want or need.
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