Tag Archives: well
How to Get Good Treats from Holidays Debt
Even without cash at hand, it is still easy for people not to ignore their needs and wants during the holidays. Just imagine the gifts they have to give to all of those loved ones and colleagues, the dinner parties they had to throw, the holiday vacation with the entire family, and a lot more fun and exciting holiday activities. All of these needed cash to pull through. And the best solution during these times is credit cards.
However, as much as it was easy to get these good things during the holidays, it was easy as well for people to get piled on with hefty credit card debt. When the rush and frenzy of the holiday shopping has died down and reality sets back in, people are left with the inescapable truth, that they have to pay what they owe in order to free themselves from heavy burdens of debt.
Paying back a credit card debt means monthly payments. Whats more is that not only people have to pay debt from one single card but a lot of different cards as well. Each person can have as many as eight different cards all at once, so chances are they have used each or most of it during the holidays. The result is bigger debt thus bigger money spent each month for repayments.
Its a bitter reality when people have to prioritise payment of debt. Since they are unavoidable nonetheless, why not make something good out of it?
Increase credit score. Pay well and pay on time. People must not miss a due date until theyve paid all of their debt. After doing this will pave their way in to an increased credit limit which is helpful for bigger loans in the future such as a house loan. They will also get a better shot at good jobs because good employers would want to hire financially responsible employees.
Get rewards. With each swipe, some of the best credit cards offer corresponding rewards to accumulated points. Some rewards go as luxurious as free international airfares, glitzy tech gadgets, generous shopping sprees and more.
Money that goes out for repayment is money lost. So what about savings and emergency funds? Guess they will have to take a backseat until all debts have been cleared or at least until people have paid enough to actually go back to their old routine of saving. As for now, people must take advantage of what credit card debt has good to offer.
Loan Modification to Stop Foreclosure
People should know that in many states it is not allowed to charge any money for a loan modification. The only way that a company may charge you money is after the amendment been done and all this in writing with or without a special APPROVAL. But many companies are charging in advance which is against the law. The reason that these companies charge in advance is because they know that not all qualify for a modification but having already claimed the money, it is very difficult to try to recover it.
For example, the weekend I found an agent who said working for a loan company but is devoted to modifying loans. This person has a real estate license restricted. Be very careful with companies that claim to make changes Here are some tips for your help:
The right way is through the department of mitigation of losses from the bank. The structuring, must be well planned because much income leads to the bank’s refusal to do so and declare little income causing no qualification for the amendment of the loan and raise suspicions at the bank and could lead to a judicial foreclosure.
To extend the terms of the loan – this proposition is now accepted by some banks, the banks typically extend the term of the loan in order to recover the full loan.
Freeze the repayment of the loan – This is quite difficult, because this proposal is based at the bank when the homeowner suffers a temporary decline in revenues. The banks have to accept this proposal to be well secured by the property value or special situations in the housing market as we are experiencing at present.
Qualified professionals in this type of recording of income and ability of the banks are closer to the people who have more chances of success.
877youkeep can help you prepare all the documents correctly to qualify for a loan modification, please contact at any of our counselors, ask references of satisfied customers, also communicate with us if you want to learn about the loan modification situations.