Hard Money: Borrowers Solution For Low Credit, Foreclosure And Bankruptcy A couple from Palmdale, California called my office Monday afternoon asking if we can help them save their home They are delayed in their mortgage payments for 3 months and their house is in foreclosure They have kids, they love their house, and they don't want to move anywhere else They have low credit, in foreclosure and have high debt ratio so banks turned them down Knowing the urgency of ...

High Risk Credit Lenders Finally, you have made that decision to apply for a major credit card Since, you do not know the status of your credit you are wondering what type of card you could get Then you recall that you had a stack of envelops in the corner, few envelops with late charges attached Now you are wondering, since you haven't seen that credit report, but you know you have limited credit Finally, you decide that you need a high-risk credit lender to help you ...

College Student Credit Cards College is the place where most of us get our first taste of financial freedom and the responsibility that goes along with it Inexperienced with debt, college students may apply for a cash back credit card thinking that it sounds like a no lose situation They hope to charge large ticket items or living expenses that they cannot afford to buy with cash and then receive a check for cash back at the end of the year Unfortunately, a free credit card offer ...

Debt Consolidation Scam Claims Repayment Unnecessary Most Americans have a problem with debt; the fact that the average household owes nearly $10,000 on their credit cards makes that pretty clear And with interest rates and minimum credit card payments rising, consumers are finding their bills harder to pay each month In years past, those who cannot repay their bills would often resort to filing for bankruptcy But last year's Bankruptcy Abuse and Consumer Protection Act makes filing for bankruptcy more difficult and expensive than ever What is someone ...

Statute Of Limitations On Credit Card Debt Each state has a statute of limitations on old credit card debts The statute of limitations refers to the period after which, creditors cannot sue you to collect the debt The length of time is calculated from your last payment date or last activity date (this is when you last used the card) Refer to the old debts statute of limitations chart, which details the statute of limitations by Oral Contracts, Promissory Notes, Written Contracts and Open-Ended Accounts Note that the transient ...

The Proper Use Of Student Credit Cards With the dawn of the 'cashless' era, student credit cards have become a fact of college life Students can no longer do without a credit card Many credit card companies set up stalls within the college campus during the first semester to lure students Just like the ordinary card, student credit cards carry a credit limit, a grace period, an annual fee and overdue charges When applying for a credit card, every student must remember that he or she is laying ...

Fico Score 101 - What Does Your Fico Score Mean To You FICO stands for "Fair Issac Corporation," the company that invented the FICO scoring system Your FICO score is a number generated by one of the three Credit Report Agencies (Equifax, TransUnion or Experian) based on your credit history This number helps lenders to predict how likely you are to pay your loans on time in the future A FICO score will range between 300 to 850 The higher your score, the less risk you ...

What Can a Repossession Agent Do to You? If you are one of those people that has been targeted by a repossession agent due to delinquency on your car note, it is important to realize that there are limits to what the repo man can and cannot do - and since they try to trick you into giving up your vehicle, your best weapon is information. They are not, for example, allowed to enter property that is secured with a chain or ...