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Passion or Practicality?…That is the Question

30. August 2010

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As bad as the economic downturn was for many of us (and believe me it was BAD for a while there) I was provided with a great opportunity. The opportunity to go back to school and complete my (traditional) education. I call it an opportunity because after so many years in business, finance and training, [...]

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My Secret Weapon for Credit Repair (At Least One of Them)

21. June 2010

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For many years one of my biggest niches in the mortgage industry was helping people who did not qualify for a home loan improve their credit standing in order to become approve-able. It took me some years and a lot of studying to get to the point that I could look at a credit report, [...]

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Should I Accept My Loan Modification…Part 6 (FINAL)

1. June 2010

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I feel like I have writing this series for a year. Actually it has been close to half a year. My first post on this subject was in November of ’09. I actually started looking into it a few months before and sat on the decision for a while before I decided to take the [...]

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The Biggest Problems with Credit Counseling Agencies (Part 3)

24. May 2010

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The next problem I have found with most of these programs is the issue of due dates. Based on your monthly ritual of paying bills, you already have a really good understanding of due dates. Every credit card you have has a different due date and maybe even different grace periods. This is one reason [...]

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The Biggest Problems with Credit Counseling Agencies (Part 2)

12. April 2010

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Now that we know what these programs are, let’s get into the deeper, scarier issues. The first real issue I have found with these types of companies is an issue of responsibility. You are giving money to a third party on a monthly basis in order for that third party to make your (hopefully adjusted) [...]

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Should I Accept My Loan Modification…Part 5

14. March 2010

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So after I spoke to the HUD Counselor, I waited a couple of weeks and then called the bank for a complete update. (I believe I have done all that has been asked of me and I think it is time for SOME kind of answer, or at least an indication of one). I called [...]

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Should I Accept My Loan Modification…Part 4

13. March 2010

8 Comments

If you are starting to think that this process is becoming long and drawn out, you’re right! By this time, we have had many calls, looked for much paperwork and basically we are just tired of the whole thing. We are not giving up though, especially because it seems that this is where most people [...]

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The Problem With Credit Counseling Agencies (Part 1)

8. February 2010

17 Comments

These companies have been around for years making promises of lower credit card payments, frozen interest rates, shorter pay-off schedules, etc. etc. These programs seem like a no-brainer for the person that is having trouble with their monthly credit obligations. Those of us that have had hardships and those of us that basically just let [...]

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