I have a first 460k and second 146k (HELOC). Wife just lost her job and we need to move to afford to live. Want to sell, but don’t want to spend $3600 to negotiate a short-sale. I’m pretty comfortable with finance…what are our options?

Bill (more…)

My mortgage has not gone adjustable yet, but will soon, my payments are 1241.00 per month, and I am 2 payments behind.

As a single parent of two young children, and with the loss of a second income when my ex-fiance moved out, and recent medical bills, there is no way I can catch up, and I won’t be able to make the payments each month at my interest rate.

I’m looking to lower the payment to under $1000 if at all possible.

thank you
Leisa (more…)

You rock. Wealth of concise information. I will support you and your idea as much as I can. Very useful and consumer oriented website.

Mike

Click Here: Low Priced Loan Modification Help

I have been woring on my credit since 02/08.I’ve paid a lot of collections,and they were removed I paid an old furnture store acc# and it shows paid charge off. My score really did’nt change a lot it was in the 400s now it is in the 500s.

My question is I now have a telephone bill and a electric bill on my report. I will be paying off soon,Is this going to drop my score?

Also thinkin about getting a secure loan from my credit union.

Will this help? BROKEN CREDIT ROCKS!

Elizabeth (more…)

Hi Paul,

I pulled my yearly credit report on Friday and was astonished to see that I had a judgment filed against me from New Century Financial Services Inc (Pressler and Pressler).

I had a charge off a while ago, and it was supposed to fall off my credit report (as it has reached 7 years) this month.  It rolled off on all of my reports except for transunion. 

To get to my points:
1) I never received any information from New Century Financial Services Inc (NCFS)
2) I do not know how a judgment could have been placed against me, considering I had not received any legal claims towards me regarding any debt.
3) If this is an attempt to collect the any of my past debts, they all reached the statue of limitations a while ago.  I have lived a credit free existence for the past 3-4 years
4) NCFS has been sued on numerous occassions for violating consumer’s rights according to FDCPA
5) Pressler and Pressler has been noted as falsely serving their defendants
6) NCFS has gotten many judgments vacated because of lack of proof of ownership of debt.

After much research, I believe that I have been violated due to the FDCPA.  I am trying to figure out the next steps in terms of getting this blemish off of my credit report and off of public records.  I think I should start w/ a motion to vacate the judgment, but I’m not sure.  I live in Manhattan, and we I can’t find a “clerk’s office”…not sure what the equivalent of that here is.

Any help you can provide would be very useful.

CK

I have a question about TILA. I believe that the statute says that if you can’t tender the amount of the loan–or if that would be a hardship, then a reasonable value is what’s owed.

What is reasonable value? Does that mean that an appraised value is what would need to be tendered?

Sheila (more…)

[It is] good that [a man] should both hope and quietly wait for the salvation of the LORD. 

I believe I have a unique situation, We financed a mortgage with a company and one year later we refinanced with the same company and then almost a year later, they sent us a right to cancel letter saying they didnt provide it when we did the refinance. they had the sticker tape pointed to where to sign(not to cancel)–but we canceled and sent it back. they sent a letter saying in order for us to recind, they want us to come up with the whole mortgage which is over 200k. also its been over 20 days and they havent sent us our monies that we paid, which includes–closing costs,payments for a year, finance charges etc..totaling over 20k.

what can we do?

Tom (more…)

Here is a list of phone numbers and lender loss mitigation contacts.