Archive for September, 2011

Savings Plans For Financial Emergencies And Debt Relief–Consumers Divided On Focusing On Saving Or Paying Off Personal Debts

09/30/2011
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Savings plans that may be helpful for financial emergencies or consumer debt relief will often vary depending on a consumer’s situation, but there have been some reports released lately that indicate there are consumers who are focusing more on paying down what they owe than saving money for the future, but some officials worry...
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New Aspects Of A Payment History That May Help Consumers With Bad Credit And Improving A Low Score

09/30/2011
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Some consumers may have noticed that certain aspects of their payment history now may apply towards their credit score, but questions have arisen concerning how helpful this particular change in credit reporting may be for those who are attempting to repair their bad credit score. Recently, Experian stated that they would allow rent payments...
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Credit Card Debt Defaults Still A Problem For Some Consumers–Plans Available To Offer Lower Credit Card Payments

09/30/2011
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Looking back at credit card debt information we have seen here in September, there have been some mixed reports that indicate certain consumers may be working to pay down debt on their credit cards and using these cards less than they have in the past, but there are also some banks that have reported...
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Help To Avoid Foreclosures After Federal Mortgage Assistance–Are More Options After A HAMP Denial Needed?

09/30/2011
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Treasury Department data has shown that homeowners who are unsuccessful at qualifying for the federal mortgage assistance program have seen increases the area of foreclosures, as some banks still are seeing increases in their starts and completions. However, there are also homeowners who may be able to avoid foreclosure by moving beyond these federal...
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Financial Aid For Online And For-Profit University Students May Be More Necessary To Avoid Debt And Defaulting On Loans After College

09/30/2011
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Students who attend online universities, more specifically universities that are considered for-profit universities, have reportedly seen more problems related to student loan debt after completing their degree program then students who attend traditional colleges and universities, as the default rate on student loan debt for students who are attending these for-profit universities is much...
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Short Sale And Deed In Lieu Of Foreclosure Plans After Mortgage Assistance Denials See Increase For Distressed Homeowners

09/30/2011
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Homeowners who are in a situation where they have attempted to find lower payments on their mortgage may find that some options for mortgage assistance is not available, as we have seen in monthly Treasury Department reports showing that there are homeowners who are denied assistance through the federal modification program, but in cases...
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Consumers Facing High Amounts Of Debt Who Turn To Debt Settlement May Benefit From Reviewing Costs

09/30/2011
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Personal loans and credit card debts are just a few of the items that many consumers are attempting to repay while going through difficult times where factors like unemployment remains a major issue. We recently saw that the number of first-time unemployment claims dropped but there are still officials who believe that the issue...
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Rates And Costs On Consumer Credit Cards See Increases–How Bad Credit Cardholders May Limit Interest Rates On New Cards

09/30/2011
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Rates on consumer credit cards reportedly saw increases here in the latter parts of September, which may impact the ability of some consumers to get a credit card rate that they deem to be affordable, particularly when they may have less than perfect credit. Bad credit borrowers are not exempt from credit cards, but...
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Top Mortgage Servicer Alternative Mortgage Assistance Plans–Results For Homeowners Seeking Help Outside Of HAMP

09/30/2011
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For homeowners who are looking for assistance on their mortgage payments, many have often turned to the federal modification plan as a way to help them find the affordability they need as many of the nation’s top mortgage servicers are participating in this program to help homeowners find a lower monthly payment through either...
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Home Loan Modifications From Private Programs See Continued Success But Are Homeowners Benefitting From Proprietary Plans?

09/29/2011
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The number of private home loan modifications available directly from mortgage servicers through proprietary plans saw an increase in August, which follows a trend that we have seen over the past few months in terms of increases in this particular area for homeowners who are looking for alternate ways to pay their mortgage obligations...
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