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My Home Equity Lender is Still Trying to Collect After My Chapter 13 Bankruptcy – Joe

Question: Dear Steve, We filed for Chapter 13 bankruptcy September of 2009. The plan was confirmed on January 2010 and ultimately discharged January 2015. Included in the bankruptcy was a home equity line of credit that was deemed unsecured. The creditor has been reporting late 90 days plus every month right through to the current …

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The Pre-Recession Housing Problem That’s About to Slam Homeowners

The home equity line of credit (HELOC) had been around for many years before it became a hugely popular financial product in the early 2000s. When the financial crisis happened in 2008, drastically lower home valuations put a stop to the HELOC boom, and today we see far fewer being issued by lending institutions. However, …

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Should We Consolidate Our Mortgage and HELOC With American Bank Mortgage Company? – Lisa

“Dear Steve, I have a first mortgage with Chase bank it is -$84,000. I also have a heloc with Chase bank it is $114,000. The heloc is interest only. The interest rate on my first mortgage is 4.5% fixed for 12 years. The heloc interest rate is 2.4%. I pay a total of $924 per …

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The Ultimate Debt Consolidation Loan Guide: Getting Approved, Acting Smart, and Being Wise

You hear a lot of rubbish online about getting a debt consolidation loan and a lot of just flat out incorrect information. It’s time to put an end to that and help you get the facts so you can make a good educated decision. If You Don’t Want to Read All of This Post: One …

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Should We Get a Debt Consolidation Loan or Borrow From IRA to Payoff Credit Cards? – Christine

“Dear Steve, CC debt 20,000. Mortgage 39,000. Equity about 300,000. credit score under 500. marrried one income $51,000. 4 kids in college. Turned down from first bank for refinance with credit payoff. Currently spending about $700.00/month on CC payments. should we continue to try to get a loan or should we take the money out …

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