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What Is TASC ? And How Do They Affect My Debt Relief Options?

July 27, 2009

How Is Debt Settlement Different From Debt Consolidation?
The typical debt settlement program is a very popular option for consumers looking to pay less than they owe on their debts. Whether you’re struggling with credit card debts or auto loans, debt settlement programs are the ones with advertisements claiming to settle your debts for “pennies on [...]

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Low Mortgage Rates, Home Sales Support Buyers’ Market

A recent report by Bloomberg Press notes that home prices enjoyed their lowest rate of decline in 10 months. Although home sales for May declined 5.6 percent from a year earlier, they rose almost one percent between April and May 2009. If you’re looking to buy or refinance your home, current low mortgage rates coupled with [...]

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How Long Before Your Debts Actually Come Off Your Credit Report?

July 20, 2009

There’s a number of debt programs designed to help consumers get out of debt, but oftentimes, not all problems are solved even when debts are paid off. One thing many borrowers wonder is how long bad debts actually affect their credit score. Additionally, those with more severe credit problems may also be interested to find [...]

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FTC Targets Foreclosure, Modification Scammers

The Federal Trade Commission (FTC) announced prosecution of several entities offering foreclosure help and mortgage loan modifications. Not to be confused with legitimate credit and housing counselingservices, these scammers accepted payments ranging to several thousand dollars from  homeowners and failed to assist them. In many cases, homeowners can  directly negotiate foreclosure prevention options with their mortgage lenders. [...]

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What’s The Greatest Risk When Consolidating Your Credit Card Debt?

July 13, 2009

With promises of lower interest rates, simplified monthly payments, and possible tax benefits, curious borrowers often wonder what the possible downsides of a credit card debt consolidation loan may be. Is it the possibility mortgage rates could skyrocket? Or maybe home prices drop, and you’ll be upside down on your mortgage? While these are all [...]

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Credit Scoring and Home Loans: Time for a “Divorce?”

July 12, 2009

In a recent blog for the Examiner website, Darrin Stobaugh suggests it’s time for mortgage lenders to stop relying on consumer credit scores for approving home loans. His argument centers around the variables that cannot be measured by credit scores, including high loan-to-value (LTV) mortgage loans, and the fact that mortgage loans involve much larger [...]

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Your Refinance: More than Rates

July 7, 2009

Anyone deciding to refinance has a reason for doing so, but the original reason can get lost in the scramble to find the lowest possible mortgage rates. Low rates make payments more manageable, but considering all aspects of your mortgage refinance can help you get a new mortgage that suits your current finances and future [...]

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Two Reasons To Avoid Credit Cards With Annual Fees

July 6, 2009

Why Do Credit Card Companies Still Charge Annual Fees?
With so many credit card companies in existence and even more online alternatives, it might seem strange that some cards still require an annual fee.  While there are some that require this fee just for the sake of it, oftentimes, you’ll find extra perks and benefits with [...]

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