Author Archive

Wells Fargo Homeowner Mortgage Payment Aid See Increases In HAMP Permanent Modification Plans

10/14/2011
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Reports released in October have indicated that Wells Fargo homeowners who are seeking mortgage assistance have seen increases in the number of permanent modifications that are currently active as data through the month of August has shown improvement in this particular area. Homeowners with Wells Fargo, among other servicers, have continued to see improvements...
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Affordable Rates On Credit Cards For Small Businesses Still Seen By Some But Are Businesses Benefitting From Credit?

10/13/2011
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Small businesses have, as an alternative to loans, turned to credit cards as a way to finance certain purchases or various projects that they may not be able to afford entirely with capital from their earnings. Yet, when it comes to these credit cards, there are businesses who are also currently in the market...
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Relocation Assistance And Incentives For Homeowners Facing Foreclosure May Lead To Financial Help From Banks

10/12/2011
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We have recently seen some major financial institutions offering incentives to homeowners who participate in alternatives to foreclosure, specifically short sales, in the form of monetary compensation that may help homeowners with relocation and meeting certain costs that may have arisen when these homeowners have found themselves in a difficult financial position. Some of...
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Posted in Banking/Finance, Real Estate | Comments Off

Credit Card Debt Repayment Plans Offer Debt Relief On Interest Charges And Their Contribution To Lower Debt Levels

10/12/2011
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Here in early October we saw recent data from the Federal Reserve that stated that sources for consumers from both non-revolving and revolving lines of credit fell in August, which has led some to question the reasons behind this decrease in the use of certain lines of credit like credit cards and personal loans....
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Retirement Savings Plans For Consumers Repaying Personal Debt–Officials Debate Priority Between Saving And Repaying

10/11/2011
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Reports released in late September and here in early October have shown that delinquency and debt still remain a problem in the lives of many consumers as everything from home loans to personal loans and credit cards are still a major hindrance in the lives of consumers facing what they feel to be is...
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Active Trial Mortgage Modification Plans From HAMP Bank Of America Program See Decrease–Options Remaining For Homeowners

10/11/2011
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Homeowners with Bank of America seeking a trial modification plan for their home loan payments may have seen that recent data indicated there was a decrease in the number of active trial modifications that Bank of America had in place, as of August, and when servicers see decreases in this area it leads to...
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Financial Assistance For Unemployed Homeowners In States With High Unemployment Remain A Foreclosure Prevention Alternative

10/10/2011
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Unemployed homeowners in states that have an unusually high level of joblessness, specifically like Nevada, California, and Michigan, are continuing to offer financial assistance for these homeowners through various foreclosure prevention options that are alternatives to some federal programs, but despite the popularity that some of these plans have seen, homeowners still remain unaware...
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Refinancing Alternative Programs To The FHA Underwater Assistance Plan–Fewer Options Remain For Homeowners

10/10/2011
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Homeowners who are current on their mortgage payment but are in an underwater situation had hoped that, over a year ago, a new FHA underwater refinance plan would help with finding more affordability in terms of opportunities to get a lower rate on these home loans, but we have recently seen that homeowners who...
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Posted in Loan Modification, Real Estate | Comments Off

Loans For Small Businesses Through Microloan Financing May Help Businesses Owners With A Limited Credit History

10/07/2011
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Business owners who may have little or no credit history may find it is difficult to acquire a small business loan simply because the payment history of the business can work in a similar fashion to the credit history of a consumer in that it will show whether these particular individuals have honored their...
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Personal Lines Of Credit And Debt For Consumers May Go Overlooked During The Steps To Improve A Credit Rating

10/06/2011
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The personal lines of credit that a consumer has and the amount of debt currently in place may often be one area where those looking to improve their credit rating miss out on the opportunity to potentially help boost their credit score as mistakes such as keeping a high amount of debt or closing...
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