The threat of facing a foreclosure is a not a trivial thing. It can lead to anxiety or depression. The thought of losing your precious home can be frustrating and embarrassing especially if it’s your biggest investment. A foreclosed home attracts more buyers who want to invest in cheaper, but good properties, and grab a […]
Bankruptcy Filings Ticked Up Last Month
Consumer bankruptcy filings ticked up in February, but so far the rise has slowed from 2010. The number of personal bankruptcy filings rose 11% to 102,686 in February compared to a month earlier, the American Bankruptcy Institute and the National Bankruptcy Research Center reported recently. “Though consumers are striving to reduce their debt burden, high […]
Why Credit Counseling Often Fails
MSN Money columnist Liz Pulliam Weston recently wrote an interesting column about the high failure rate in the credit counseling business. It turns out that most people who sign up for credit card counseling, even if they’re working with a legitimate counselor licensed by the National Foundation for Credit Counseling, fail to pay down their […]
Buying a House When You Have Bad Credit
Bad credit is becoming a serious problem to a lot of people. It might hamper your plans of making big purchases. If you have bad credit, a foreclosed mortgage, or have just recently filed for bankruptcy, buying a house can be difficult. However it is still very possible. You can follow these essential steps on […]
How Foreclosure Affects Your Credit Score
How Foreclosure Affects Your Credit Score If you’re delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much? Recently, Fair Isaac, which developed FICO scores, pulled back the curtain a bit, revealing some estimates of point-score declines following mortgage delinquency problems. Here are the average hits your […]