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..>>Finance - How To Keep Up Monthy Payments
Posted on February 12, 2008 - Filed Under Education, Finance | Leave a Comment
At some point in time you have probably been forced to take out a loan or use a credit card for an unexpected event. Most people have a loan or some form of credit that they have to account for each month, it is important to keep these payments up to date to avoid late charges that may cause you to slip further into debt.
It is wise to look at your finances on a regular basis in order to budget what is coming out and determine if you have sufficient funds to cover these outgoings.
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