by maria | Sep 7, 2016 | Exclusive QA |
Talk with your lender immediately. The lender may be able to arrange a repayment plan or the temporary reduction or suspension of your payment, particularly if your income has dropped substantially or expenses have shot up beyond your control. You also may be able to...
by maria | Sep 7, 2016 | Exclusive QA |
Check with your state. It may provide special protection through the filing of a homestead exemption, which exempts some or all of the value of your equity in the homestead-the home that you live in and the land on which it sits-from claims of unsecured creditors....
by maria | Sep 7, 2016 | Exclusive QA |
Unfortunately, it is a pretty bad blemish. A property foreclosure is one of the most damaging events in a borrower’s credit record. In terms of the effect on your credit history, a deed in lieu of foreclosure-where you voluntarily ‘give back’ your...
by maria | Sep 7, 2016 | Exclusive QA |
It is not easy but certainly doable with both commitment and time. By law, any unfavorable information in your credit file can stay there from 7 to 10 years. Today, however, a creditor must remove credit blemishes in a timely fashion if you challenge them and they...
by maria | Sep 7, 2016 | Exclusive QA |
It is all those things that appear on your credit report that are unflattering. This may include missing a credit card payment, defaulting on a previous loan, filing for bankruptcy in the past seven years, or not paying your taxes. Other black marks may include a...