Debt
Prioritize Debt to Pay Off Debt Faster
Q: I have a fairly complicated situation but I’ll make it as simple as possible. I have some debt and I’m wondering how to prioritize it. I have a second loan from a past foreclosure for $32,000. I have been …
Settling Loan Debt With Lender
If a lender has a judgment against you, you can try to settle that debt before the lender garnishes wages or finds and gets your assets. Q: My sister and I purchased a boat slip several years ago, which we …
Don’t Pay Off Old Debts to Debt Collection Agency
Don’t pay off old debts to a debt collection agency. If a debt collection agency asks you to pay off old debts, don’t pay off old debt to the debt collection agency right away. Fair debt collection time frames may expire on old debts.Check your credit history to see if old debts have been forgiven by a debt collection agency. Don’t pay off old debt to a debt collection agency unless old debt appears on your credit history.
New HAMP Rules And Loan Forgiveness Anger Homeowner
New HAMP Rules allow for loan forgiveness for some homeowners who are underwater with their mortgage. Other homeowners, who are not struggling with their mortgage and don’t need loan forgiveness, might not understand the new HAMP rules. It may seem like loan forgiveness is letting struggling homeowners get off easy, but the new HAMP rules and loan forgiveness is the most promising option to help the economy in the middle of a housing crisis.
Debt Help For a Friend
If you are a generous person and your friend ask you to help with their debt, make sure you understand the consequences of helping someone in debt. If your friend is in over their head, in severe debt, owing more than his house is worth, and in danger of losing his property you might not want to get involved. By helping a friend with their debt, anyone could become a good Samaritan in debt too. Ilyce Glink offers resources that can help you deal with a friend in debt.
Joint Debts And Divorce
If you have a debt that came about during marriage, will that debt be a joint debt? Is it possible to have a debt during marriage that belongs only to one of the spouses? What if you inherit money and then incur debts and file for divorce? Who will be liable for those debts?
Paying Off Debt Held By Collection Agency
If you want to pay off a debt held by a collection agency, there are certain things you should know. Depending on how the collection agency will report the payment, your credit report, credit history and credit score may be affected differently. It’s important that you know how the collection agency will report your payment. While paying off the debt held by the collection agency is easy, you should understand the impact it will have on your credit.
Credit Reporting Agencies And Your Debts
Credit reporting agencies or bureaus collect information from thousands of sources.
Do the major credit reporting agencies obtain information from sources outside of the United States?
Do Equifax, Experian and TransUnion get that information from overseas?
Small Business Scam? Can A Cold Call Save My Small Business?
Debt overload or overboard? A small business owner is facing off with the recession. On one hand, he has to refinance his debt to stay afloat. On the other hand, navigating the complicated waters of small business loans has him confused. A miracle phone call seems to answer all of his needs and provide him with the money he needs to retain his employees. How can you find out if an offer is a scam or if it can truly help save your business?
Should You Pay Spouse’s Mortgage Debt After Their Death?
Should you pay your spouse’s mortgage debt after his or her death? If your name was not on the mortgage, the lender cannot hold you personally responsible for your spouse’s mortgage. Your spouse’s estate will will be responsible for settling the mortgage debts after his or her death. However, you cannot keep living in the house without paying the mortgage. You must pay your spouse’s mortgage after his or her death if you want to stay in the house.
