Credit Card Debt Content Index - Page 1

The average American has more than $9,000 in credit card debt. While having a credit card isn't a bad thing, letting credit card debt pile up over time can place an enormous strain on your finances. Take a look at the articles, Q&A's, blog posts and videos we have linked to this topic for ideas on how to handle credit card debt and your personal finances.

**Refinance Fees: How Much Is Too Much?** When you're refinancing your mortgage, how much should you be paying in refinance fees? It can be hard to tell what fees you're paying to the lender, what is prepaid interest, and what are the other costs of the loan. Refinance fees, especially for prepaid interest, can add up to the closing costs of refinancing your loan. Have your lender explain exactly what all the refinance fees are going toward before you make any decision about refinancing or canceling your refinance.

Ilyce Glink Show Notes - November 15, 2009. Today on the show, we discussed the new Fannie Mae Deed For Lease Program in Detail; the new CreditKarma Survey on credit card debt; The October 2009 Realty Trac Foreclosure survey; Divorce and Mortgages; Mike Rose, a senior loan officer with Bank of America, came on to talk about some of the new mortgage rules with regard to divorce and FHA; Peggy Abkemeier, President of Rent.com discussed a new survey of investment property owners. NEW EBOOKS ON INVESTING IN REAL ESTATE; EBOOK SPECIAL.

**Divorce Decree May Require Ex-Spouse To Refinance Mortgage** The current economic situation may cause a conflict between what a divorce decree requires and what a person is able to do. When the divorce decree requires an ex-spouse to refinance a property to remove the other ex-spouse from the mortgage but the financial condition of the person owning the home make it impossible for that spouse to refinance, what can they do?

Ilyce Glink Show Notes - November 1, 2009. How has the credit crisis and recession changed you and your spending habits? I want to hear from you. Free books and ebook deal. This week, our latest ebooks, on investing in real estate, will be released on ThinkGlink.com as will our podcasts from our How to Profit From Foreclosures event. Sign up for our free weekly newsletter to get the latest information, discounts and deals.

**$8,000 First Time Home Buyer Tax Credit: Buying A Partially Inherited Home** The first time home buyer has restrictions on income. The first time home buyer tax credit requires you to live in the home for 3 years. Also, you can't have owned a home for the last 36 months. In addition, the first time home buyer tax credit has restrictions on who can sell you the home. If you are buying a home from a close relative, you won't qualify for the tax credit. But what if you inherit the home?

**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.

**Mortgage Problems Can Lead To HELOC Foreclosure** Many borrowers have two loans on their property: one loan is with a first lender and the second loan is with a home equity line of credit lender (HELOC). In some cases the loan may not be a HELOC, but rather a second loan. In any case, if you are having mortgage problems or mortgage troubles and stop paying either the first lender or the HELOC lender, you might be in big trouble and going down the road to foreclosure. Foreclosure is one option lenders have, but you might be able to negotiate a solution before foreclosure.

**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?

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?

Social Security garnishment. Can a creditor go to court to garnish your Social Security benefits? Can the Federal Government ever garnish your Social Security benefits? Can your bank allow your Social Security benefits to be garnished? How can you prevent that from happening?