Credit Score Articles

If you’ve charged too much on credit cards or are paying less toward your debts than you should, you’re not alone. A lot of people are in this situation.

The Fair Credit Reporting Act (FCRA) requires each of the nationwide consumer reporting companies — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months.

The three nationwide consumer reporting companies have set up a central website, a toll-free telephone number, and a mailing address through which you can order your free annual report.

Only one website is authorized to fill orders for the free annual credit report you are entitled to under law — annualcreditreport.com. Other websites that claim to offer “free credit reports", “free credit scores,” or “free credit monitoring” are not part of the legally mandated free annual credit report program.

Your credit report has information that affects whether you can get a loan — and how much you will have to pay to borrow money.

Paying your credit card account on time helps you avoid late fees as well as penalty interest rates applied to your account, and helps you maintain a good credit record.

Get copies of your credit report--then make sure the information is correct. Understand how your credit score is determined.

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The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

Perhaps, you are far behind your mortgage payments and most likely to face a foreclosure. In such a situation, many homeowners like you will be bewildered after receiving a default notice. However, if a borrower doesn’t get in touch with the lender immediately after receiving the default notice, it’s very likely that the homeowner will certainly lose the home in a foreclosure. Following are some simple tips on how you should negotiate with your lender in order to retain your home.

Beware of anyone who asks you to pay a fee in exchange for a counseling service or modification of a delinquent loan.

The plan basically provides a temporary reduction or suspension of mortgage payments for at least twelve months while you seek re-employment.

The Obama Administration has implemented a number of programs to assist homeowners who are at risk of foreclosure and otherwise struggling with their monthly mortgage payments.

If you are late on one mortgage payments and there's no any other ways to make future payments, talk to your lender. Don't ignore the problem. Take actions.

Once you start falling behind your mortgage payment, you need to take actions immediately. Even if it's the first month that you're ever late.

There are not for profit foreclosure prevention counseling services out there. But, there are still small fees involved. If you need a free foreclosure prevention counseling.

Filing bankruptcy only temporarily stops foreclosure. If your mortgage payments are not made, the bankruptcy court will eventually allow your lender to foreclose on your home.

The US government is selling homes. Several federal agencies have properties to sell. Both single family homes and multifamily properties.

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Losses from the sale or foreclosure of personal property are not deductible.

Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

Not always. There are some exceptions. The most common situations when cancellation of debt income is not taxable involve: Bankruptcy: Debts discharged through bankruptcy are not considered taxable income.

The foreclosure process, basically speaking, is the steps through which your bank or lender repose your property.

Each year the federal government sells billions of dollars of surplus, seized, forfeited and exchange/sale assets. GovSales was launched to make it easier for citizens and businesses to locate government assets for sale.

Look at your monthly mortgage coupons or billing statements for the lender's name and contact information. You should also know what kind of mortgage you have. Look on the original mortgage documents or call your mortgage lender.

Paying your credit card account on time helps you avoid late fees as well as penalty interest rates applied to your account, and helps you maintain a good credit record.

Your credit report has information that affects whether you can get a loan — and how much you will have to pay to borrow money.

You’re told to surrender the title as part of a deal that allows you to remain in your home as a renter, and to buy it back during the next few years. You may be told that surrendering the title will permit a borrower with a better credit rating to secure new financing – and prevent the loss of the home.

Perhaps, you are far behind your mortgage payments and most likely to face a foreclosure. In such a situation, many homeowners like you will be bewildered after receiving a default notice. However, if a borrower doesn’t get in touch with the lender immediately after receiving the default notice, it’s very likely that the homeowner will certainly lose the home in a foreclosure. Following are some simple tips on how you should negotiate with your lender in order to retain your home.