Tag Archives: loans
- How Should I Borrow? The Pros and Cons of Different Types of Loans and Debt Solutions
If you’re in debt you may have considered borrowing to consolidate your payments, lower your interest costs or even to stay afloat a little longer. Before you borrow, consider your options carefully. No matter how attractively some loans are marketed, they can’t solve your debt problems. The only way to do that is to spend [...]
- 81,312 Foreclosures in September. More Than Just a Number.
Well the September foreclosure figures are out from RealtyTrac. And while we can look at the big, really big number and compare it to foreclosures a year ago that does not give a real understanding of the fear and loss experienced by over 81,000 families that month. Maybe there is some hope headed down the [...]
- In a World of Hurt Writes and Wants to Know “Should We Tell My Parents?”
I got the question below through the GetOutOfDebt.org site from someone that identified themselves as In a World of Hurt. Feel free to visit GetOutOfDebt.org and ask me your question, you can use an anonymous name, it’s okay. “Dear Steve, We owe $103,000 on our first mortgage, $16,000 on our home equity loan, and $17,000 [...]
- My Wife and I Are in the Military and Need to Get a Consolidation Loan. – Andy
I apologize in advance for the short response. I am currently away on vacation with limited internet but wanted to give you an answer as soon as possible. Steve Andy “Dear Steve, My Wife and I are in the Military and have 3 or 4 credit cards and a few loans. My wife had identify [...]
- Consumers Feel the Next Crisis: It’s Credit Cards
Indeed it is. If you’re not in top shape for the credit card shakeout that’s already taking place, there isn’t much you’ll be able to do about it. It’s probably already too late. After years of flooding the market with credit cards (and generous limits), banks are finally starting to take it back. Eric Dash, a New York Times reporter, does an excellent job of distilling the situation. From
- Karen Writes In “Ex-Husband Isn’t Paying The Bills and He’s Trashed My Credit. What Can I Do to Repair It?”
“Dear Steve, I have been divorced for one year. Our house was in my name and husbands. He never refnanced or sold the home. His late payments have started to ruin my credit report and credit score. Now it look as if the bank will foreclose. How can I repair my credit and how long [...]
- Donald Writes In And Asks For Help “I’m Getting Behind on Bills!”
“I’m starting to get behind on bills. I owe $180,000.00 total: two houses ($12,500.00 and $35,000.00 appraisal) $97,000.00 and $24,000.00 owed. A 2006 van, 2005 truck, 2006 motorcycle, $13,000.00 credit card debt, a 2004 450 4 wheeler, but I can pay only $1200.00 every two weeks. Any suggestions?” Donald, It sounds like you’ve had quite [...]