Blog: July 2015

Debt Consolidation If your bills exceed your income and you are having trouble making your monthly payments, then you should take the time to learn about all the various debt relief options that may be available to you and your family. Although bankruptcy protection is an option that many consider, there many ways to avoid bankruptcy, foreclosure and repossession. 

Rebuild Credit

 

How to Rebuild your Credit
Getting into credit trouble is a lot easier than getting out of it. If you have mismanaged your credit and wound up with a low credit score, you may be wondering how to rebuild credit. There are some proven ways to rebuild your credit, and here are a few of the best ones.

 

Chapter 7 Bankruptcy, Chapter 13 Bankruptcy During tough, unexpected times, related to perhaps a sudden illness or loss of a job or spouse, you may find yourself overwhelmed with too many debts and financial responsibilities and not enough income and/or assets to cover them. Though it may seem challenging to accept, for some people declaring bankruptcy is one of the ways they are able to manage these liabilities.

Credit ScoreMortgage Loans for Those with Bad Credit

Unfortunately, the fear of being denied has caused some potential homebuyers to not even bother going through the mortgage application process. The truth is that the vast majority of home lenders have some strict approval criteria, especially after the financial collapse that took place in the middle of the last decade. However, there are programs that are available to aspiring homebuyers with less than stellar credit. Most of these programs still require validation of income, and in many cases, an explanation of the cause for their low credit score, but they do provide a viable alternative to traditional mortgages.

Debt Consolidation Choosing Between Debt Consolidation And Bankruptcy

There are many people who are facing overwhelming debt. They are desperately seeking the best possible debt management strategy to handle their situation. Learning what is consolidation, as well as bankruptcy, are both options. Each has benefits that could work well with different situations. 

 
Debt Consolidation
This happens when a person obtains a new loan and uses the money to pay off a number of old debts. This loan works best if it is at a lower interest rate than the old debts. Knowing what is consolidation could help a borrower save money on finance charges.