Oh, No! Not the House!
Things are getting difficult for you and paying the mortgage takes a big chunk out of your small paycheck. The credit card companies are calling six times a day, sometimes even calling your job, so you make the decision to pay the minimum payment to the credit card companies and skip the house payment. You…

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Beware of Debt Consolidation
There is a major industry that preys on the unsuspecting public in this harsh economic climate. They claim that they’re equipped to help you get out of debt without filing for bankruptcy. There are a few honest ones who might be able to help, depending on your circumstances. When evaluating these companies and comparing them…

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A Loan Modification with a Happy ending
The financial meltdown that clobbered this country was widespread. It affected hard-working people who thought they were on the road to achieving the American dream: home ownership and retirement savings. It came as a shock to many as they watched their income disappear and their homes threatened. Sometimes, though, when hard-working people decide to put…

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To Short Sell Or Not To Short Sell
In the early days of the short sale craze, I would warn my clients that a short sale benefits two people, but actually, it benefits three parties: the bank, who does not have to take responsibility for the real property and may even get a write-off for the forgiven debt; the individual buying the property…

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Your Credit After Bankruptcy
A frequent objection about filing for bankruptcy is how it will impact your credit score. Well, what is your score today? Have you been borrowing from credit cards to pay off other debts? Have you been late on any of your bills?  When last did you check your credit score? The stellar score you had…

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Bankruptcy is a tool
Bankruptcy is a tool like any other that you may use throughout your daily life. If used correctly it can provide great benefits for you. There are people out there who will go to any length to avoid bankruptcy, often to their detriment. So you have some retirement money from which you can borrow, and…

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