Making payments on time is one of the best ways to keep or improve good credit. Late payments will stay on your credit history for up to two years, but like all negative information, it will affect your score less as time marches on. Learn more here about late payments mean to your finances.
I’m Struggling To Pay My Mortgage. What Are My Options?
I’m struggling to pay my mortgage. What are my options? Is it worth going back to a high paying job but missing out on time with the kids? Here’s what I suggest: Q: I need $8,000 to bring my mortgage to date. It costs me $1,000 per month. I have $100,000 in equity. It seems [...]
Today on the Ilyce Glink Show: November 16, 2008
Only about 10 days until Thanksgiving. Here's where you can find my www.thinkglink.com/labels/Turkey%20Recipe.html Today on the show, we're going to ...
Are You Behind in Your Bank of America or Countrywide Mortgage? Call This Number
On the show this morning, we heard from Doug, who bought his house with an 80/20 loan (100 percent mortgage, no down payment) four years ago. He and h...
Foreclosures Increase By 55 Percent In A Year
RealtyTrac reports today that the number of foreclosures increased by 55 percent in July, as compared to one year earlier. Foreclosures rose by 8 per...
A Mom Shares Her Perspective
As a mom trying to teach an 18-year-old to manage his money, I think you were right on the mark with your advice to Jason. While I do think he shoul...
Credit Card Company Calls Debtor’s Parents
Jason, a 22-year old listener, called the show to complain that he was 3 months late on an $850 credit card debt, and his credit card company called h...
Keep In Touch With Lenders During Loss Mitigation
As a homeowner, if you find yourself in loss mitigation, it's important to be in constant contact with your lender during loss mitigation. You'll be in the strongest position if you call your lender before you've been late on a payment. The loss mitigation process may be able to help you save your home.
Jazz Singer Anderson Faces Foreclosure
Ernestine Anderson, a renowned jazz singer, is apparently behind in payments on her Seattle home, reports the Associated Press. She has missed more th...
Pacman Jones Loses Home to Foreclosure
Former Tennessee Titan football player Pacman Jones, who recently said he wants to be called Adam, will lose his Nashville area home on June 27, when ...
Numbers of Foreclosures and Delinquent Loans Increase
Home owners missed payments on almost 6.5 percent of home loans on one to four unit residential properties during the first quarter of 2008. Almost 2....