Q: My ex-husband filed for bankruptcy without my knowledge before we divorced in 2008. The bankruptcy included a loan on which I was a co-signer. Now my credit score has dropped to 525. Is there any way I can get this off my credit or prove that he filed bankruptcy without my knowledge? A: This […]
My Ex Husband Filed Bankruptcy. Can I Get This Off My Credit Report? Read More »
Q: My husband is active duty in the military and I stay home with two young boys. How can we save on a tight budget? We need to save $700 by July 1st for a family wedding. My husband is the best man. A: Saving money can be particularly tough on one salary – not
My Husband is Active Duty in the Military. How Can We Save Money on a Tight Budget? Read More »
Even if a bank says you’re getting a “no cost” mortgage – perhaps because they are not charging points on the loan – that doesn’t mean the loan itself is truly “free” or really being offered at zero cost to you. Banks aren’t in the business of loaning money, and doing all the work required
The Truth About No Cost Mortgages Read More »
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 »
