Caraballo & Associates

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

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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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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Should I Accept My Loan Modification…Part 5

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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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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Book Review…Getting Things Done: David Allen

I recently came out of an era of my life where I was so overwhelmed that I did not know what to do with myself. I felt like I was playing catch-up from the moment I opened my eyes in the morning. You know that feeling, "I have so much to do today, there is no way I can get it all done." What a way to start the day huh?

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