Q: My Husband and I have a home in his name. If we refinance in both our names next year, When my credit improves, what are the benefits of doing so? A: If your credit does improve and interest rates remain low, one benefit of refinancing is that you and your husband may qualify for […]
Benefit of Having Both Spouses Names on a Mortgage Read More »
Before the market downturn, banks would readily extend loans and lines of credit on rental real estate. Lenders typically stipulated that those properties could have no more than an 80% loan-to-value ratio. In the current market and amid the credit crunch, however, it’s very difficult (if not impossible) to find such a lender for three
Will Lenders Approve a Home Equity Loan on a Rental Property? Read More »
Q: How Do I Obtain Credit So I Can Use It Wisely To Increase My Credit Scores? My Scores Now Range From 580 to 620. A: Improving your credit scores takes time; but not as much time as most people think. Your message indicated that you are starting to negotiate with creditors, get rid of
How Do I Obtain Credit So I Can Use It Wisely To Increase My Credit Scores? Read More »
Q: I opened A credit card account back in college in the year 2000. I have never paid it off the amount I owed. Should I pay it or not? A: If the credit card is still open, then by all means pay if off if you can. But I think your question is referring to
Some Old Debts Are Best Left in the Past Read More »
Q: I am a 25-year old single mom who will earn a B.A. in Education in May. How can I get rid of $15,000 in debt (not including student loans) and improve my credit after graduation? A: To quickly knock out your credit card bills and boost your credit, try using these five strategies: Step
How Can I Get Rid of $15,000 in Debt and Improve My Credit? Read More »
Q: In 2006 my husband and I decided to divorce. We had many joint debts he was supposed to pay but didn’t. Then he died unexpectedly in 2007. Now my credit is ruined. Should I file bankruptcy or let those old debts fall off my credit report? A: Under the law, any loans you co-signed
What Happens to Your Debts if Your Ex-spouse Dies? Read More »
As you probably know, student loans are generally not dischargeable in bankruptcy court. So despite your recent bankruptcy filing, any loans you had with Sallie Mae remain outstanding. To bring an overdue student loan current, simply contact your lender or loan servicer and make arrangements to pay the amount due – either in a lump sum or over time. If your student loan is seriously delinquent and is in default, you can do one of four things:
Impact of Bankruptcy on Your Sallie Mae Loan Read More »
Q: I Want to Go Back to College To Further My Education But Don’t Want Student Loans. How Can I Get Grants and Other Money So I Don’t Have College Debt? A: There are lots of ways to go to school without taking out a ton of student loans. If you’re working, start by asking
How Can I Get Grants and Other Money So I Don’t Have College Debt? Read More »
Q: I am 24 years old and have about $63,000 in debt. Most if it is student loans, but $3,000 is not. Is there a way I can get rid of this debt if I write letters to my creditors? A: Getting rid of your debt won’t be a matter of just writing letters to
How Can I Get Rid of My Student Loans? Read More »
Q: My wife filed for bankruptcy before we were married. Can my income be included in her bankruptcy filing? What is the impact of bankruptcy on my finances? A: There are multiple factors that would determine whether or not your income can be included in your wife’s bankruptcy filing. Some of those factors include: the type
Impact of Bankruptcy on Your Spouse Read More »
Q: I have an arm at 6.5% that adjusts in august. My credit score is 610. Can I refinance into a fixed rate loan with my score or should I consider another arm? A: As of January 2010, fixed-rated mortgages dropped to about 5%, a very attractive rate for homeowners thinking about refinancing. However, those
My Credit Score is 610. Can I Refinance into a Fixed Rate Loan with My Score? Read More »
Q: I have over $5,000 worth of delinquent hospital bills on my credit reports. How can I get this debt down? A: It will take multiple steps to help you eliminate your medical debt. But here are six strategies you can use to knock down those hospital bills and improve your credit rating. Examine Everything
I Have Over $5,000 in Delinquent Hospital Bills. How Can I Pay It Off? Read More »
Q: I Recently Married. I Currently Make More Money Than My Husband. He Wants To File Our Taxes Together. I Don’t. What Are the Advantages and Disadvantages of Filing Jointly? A: Congratulations on your recent marriage. There are numerous pros and cons to filing a joint tax return and only a tax professional who examines
What Are the Advantages and Disadvantages of Filing Jointly? Read More »
Q: I am car-hunting and a dealer pulled my credit report. He got a 595 score but the last score that I received was 675. Why was his score different and should I can I take my own TransUnion credit report to other dealers to eliminate inquiries. A: To minimize the impact of inquiries on
Why Your Credit Score is Different From the Car Dealerships Score Read More »
Q: I want to file for bankruptcy this year. Should I pay off the small bills that I can afford to pay before I file bankruptcy? A: Filing for bankruptcy will not help you “repair” your credit. It will only damage your credit – although filing for bankruptcy protection today does not have the same
Which Bills Should I Pay Before Filing Bankruptcy? Read More »
