debt-reduction-tools

  1. The Student Loan Nightmare

     posted 11/05/2003 12:11:00 by phoebe1
    After reading several discouraging message posts from people with desperate needs to find answers to their student loan issues, I submit to you the following: Every student loan issue is different. Grant it, the circumstances surrounding the student loan concerns are all too familiar, but ...

  2. What Happens to Owners in Bankruptcy or Foreclosure

     posted 11/02/2003 08:11:00 by JohnMerchant
    Purpose of this article is to try to clear some of the apparent confusion we see on this site re what happens to debts & liens in BK filing/discharge and foreclosure (trustee's)sale. Let's start with debts.. What happens to any debt in a Ch 7 BK? Except for IRS debt*, and certain specified NON ...

  3. Watch Out for Debt-Elimination Scams

     posted 10/12/2004 01:10:57 by InActive_Account
    The Easter bunny-believers who buy into this logic find themselves deeper in debt than ever -- and well down the road to financial ruin.Okay, it’s official: There is no argument so stupid that somebody won’t buy it. I thought the folks who fell for the “income tax is unconstitutional” scam ...

  4. Is This A Good Stratagy For Attacking Debt

     posted 09/29/2003 12:09:00 by ddemott
    Here's the scenario. I have a friend that is currently trying to reduce their debt. He has about $17000 in debt. $7000 is in CC debt $7000 in auto Debt $3000 in Misc. Debt He also has about $40,000 in an IRA (I think). Obviously he'll get a penalty if he takes it out. His job doesn’t ...

  5. Managing Debt And Growing A Credti Score

     posted 03/22/2004 05:03:00 by active_re_investor
    I have taken something out of context to show a point. Another person wrote the following: "you are rewarded for debt. ...I sold my vehicle which decreased my liabilities by $10K+ and $300+/month and my fico decreased by 10+ points I still have not gotten over it! The system sucks!" I ...

  6. Greenspan: Housing Market Bubble Bursting 'Most Unlikely'

     posted 10/30/2004 08:10:23 by 64Ford
    WASHINGTON, D.C. - Most homeowners -- 75 percent of them -- have a 20 percent or greater equity stake in their homes and that's plenty to cover a significant drop in home prices. However, the vast majority of homeowners needn't fear big price drops because such an event will likely occur only ...

  7. The Coming Foreclosure Avalanche (Part 1 of 2)

     posted 05/02/2002 05:05:00 by BillYoung
    The booming 90's housing market hid 2 fundamental weaknesses.One was a mountain of consumer debt. The second was ice-thinhousing equity. Those 2 flaws have put into motion a slowmotion Avalanche that will bury millions of homeowners in thenext few years.Credit card debt rose from a little over $2,000...

  8. PLEASE HELP—Credit Consolidation Company Ruined My Credit!!

     posted 03/08/2004 12:03:00 by camilomachado
    Ok..I'm going through the roof here. Yesterday I pulled my credit report only to find out that the two cards that I consolidated under Debt Free Arizona, Inc. have been defaulting to the tune of 15 (90+) counts, about 6 (60+) counts and 5 (30+) counts. I called up Debt Free to get the scoop and ...

  9. MONEY

     posted 01/08/2004 06:01:00 by TheMerchant
    I Want The Earth Plus 5% Larry Hannigan, Australia -------------------------------------------------------------------------------- Fabian was excited as he once more rehearsed his speech for the crowd certain to turn up tomorrow. He had always wanted prestige and power and now his dreams were ...

  10. The Foreclosure Process

     posted 11/06/2004 08:11:06 by JohnMichael
    The basics of process In a Mortgage state: The mortgage is used as the security instrument. The owner borrows money from a lender. The property is then used as collateral for the loan. The deed is held by the owner. In the event the owner becomes delinquent in making the monthly payments, the ...