Caraballo & Associates

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

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)

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)

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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The Problem With Credit Counseling Agencies (Part 1)

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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Should I Accept My Loan Modification…Part 3

Welcome back to the 3rd part of our loan modification series. Here is a quick recap of what we have covered thus far. In part 1 we covered: A brief explanation of the situation. An explanation of basic rules to follow while going through the process. The issues/pitfalls you may run into throughout the process. [...]

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Financial Irresponsibility Can Be Expensive

I recently had a run-in with the law. I was stopped by a police officer for speeding. (I could end the lesson right here by telling you that if you stop speeding you can save yourself possibly hundreds if not thousands of dollars per year and be perfectly justified.) Lower pollution Less chance of accidents [...]

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Should I Accept My Loan Modification…Part 1

This will be a series of posts where I share with you a step-by-step account of what I am seeing, hearing and doing while I attempt my loan modification. Because of my background in mortgages and finance, I know some of the question to ask. So as we go along I am going to add areas of concern or advice on what I think should be done at certain points.

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The Truth About Ordering Your Free Credit Report

Ordering one’s own credit report seems to be a source of fear and hesitation for many people.  “Will this affect my score?  Will my score drop?  How much will it drop?” These are all valid questions and concerns.  To add to the indecision and worry that one feels about this “not too clear subject” are [...]

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