Debt Snowball - 2 Schools of Thought

The debt snowball is a debt reduction method and strategy used to pay off debt. It is widely preached by debt counselors all over the world and many consumer finance and debt help gurus such as Dave Ramsey absolutely swear by it.

Debt Settlement Risk Factors

Debt Settlement Risk - Three Key Fundamental Risks

Debt Settlement has some fundamental risks that come with the decision to pursue efforts of settling debt for a discounted price with your creditors.

This article provides an outline of three existing debt settlement risk.

California Mortgage Foreclosure Crisis - Hardest Hit Fund Assistance

The Hardest hit Fund has contributed approximately 700 million dollars to aid California's fight to stop foreclosure.

California Mortgage Help from Hardest Hit Fund Program

California Housing Finance Agency has taken measures to offset the consequences of elevated levels of foreclosure and mortgage default by developing government mortgage assistance programs through the Hardest Hit fund. The California Foreclosure Assistance Plan provides debt help and mortgage assistance for homeowners in financial hardship. 

Cash for Keys

Lenders give thousands of dollars to homeowners who lose their home because of foreclosure. This foreclosure relocation assistance help homeowners cover the cost of moving out of their home and into another residence.

HAFA - Foreclosure Alternative Help

HAFA is the Home Affordable Foreclosure Alternative program created for homeowners who can not afford to keep their home.

Foreclosure Relocation and Financial Assistance

Homeowners and renters alike are losing their homes at a rapid rate. These homeowners and renters must vacate their homes because of the home being sold due to a foreclosure sale. Many who lose their home in this manner are often left feeling vengeful and out of spite will cause damage to the home or property.

How to Get an Affordable Loan Modification

If you are a homeowner who wants to reduce their mortgage payment via the Obama mortgage modification program known as HAMP the Home Affordable Modification Program than you need to follow the step by step process listed below.

Typical Reverse Mortgage Borrower

Are you considering a reverse mortgage loan?

What is a Reverse Mortgage Loan?

The reverse mortgage was created to help elderly homeowners who need to increase their income.

FHA Reverse Mortgage Equity Conversion Loan

FHA Reverse Mortgage

The FHA reverse mortgage loan is known as HECM – Home Equity Conversion Mortgage.

A FHA reverse mortgage is of course guaranteed by the FHA.

Reverse Mortgage History

History of the Reverse Mortgage

The reverse mortgage loan is a government inspired mortgage product designed to help elderly homeowners tap into their home equity with out the risk of losing their home.

How to Refinance and Lower Your Monthly Payment

This article is a step by step guide on how to refinance and lower your mortgage payment. It is intended for homeowners who need to lower their monthly payments in order to stay current on their home loan.

Refinance Help - Lower Mortgage Payment

Many homeowners, who are still current on their mortgage, are worried about making their next monthly mortgage payment on time. Some will be able to make the next payment, but they know that something has to be done in the near future, or they will default.

Creditors are Willing to Eliminate Debt - Find Out Why

It often comes as a shocking surprise to people when they learn just how much folks typically save through debt settlement.

People often do not expect lenders to be willing to eliminating tens of thousands in credit card debt for people who are in financial hardship. None the less it is true.

Debt Settlement Basics

Debt Settlement

Debt settlement can be defined as resolving distressed loans and debt through a pay off agreement between both creditor and borrower. Typically the debt to be payed is drastically reduced and the new reduced amount is paid immediately in one large payment.

DIY Credit Card Debt Settlement

Borrowers who are amidst a financial hardship and can not make timely monthly payments on their credit card debt can benefit from debt settlement. Distressed borrowers are able to avoid bankruptcy as well as reduce the total amount owed by successfully negotiating a settlement with their creditors.

This post discuses how consumers of credit card debt can obtain debt help and a debt settlement offer on their own.

Cash For keys

Foreclosure sales are at all time highs.

Homeowners are losing their homes everywhere. Many people who lose their home to foreclosure have to move, and thus incur significant expenses and moving costs. This is a financial hardship in itself but is often endured while the former residents are already amidst a current financial hardship which has caused them to default on their mortgage payments and fall victim to foreclosure in the first place.

A program called Cash for Keys was developed to address this homeowner difficulty.

Chapter 13 Bankruptcy

Borrowers with overwhelming financial obligations can obtain debt help through a chapter 13 bankruptcy given the borrower has income and is able to make good on their financial obligations through a feasible and fair compromise with the existing creditors.

Chapter 11 Bankruptcy

Chapter 11 bankruptcy allows businesses to obtain debt relief by restructuring the existing financial obligations of the distressed business. This type of bankruptcy is ideal for businesses that would be profitable if not for unmanageable levels of debt.