ARCHIVE September, 2008

8 do’s and don’ts for fighting foreclosure

January 17, 2008

In the beginning of the foreclosure process, homeowners can still save money, their credit or their house if they act quickly. Even when declaring bankruptcy, avoiding a foreclosure on your credit report can salvage your ability to rebuild credit and buy another house, which makes the struggle against a possible foreclosure well worthwhile.
1. Sell the [...]

Creditor insists payment over phone

January 15, 2008

Question:
I sent in my final two payments totaling $400 to pay off my car. I had gotten behind, and they had been calling me about the debt. They continued calling even after I’d sent in the payments, and a guy finally told me they had changed their mailing address and I’d sent the money to [...]

7 ways to avoid foreclosure scams

January 14, 2008

1. Don’t panic. Get detailed information about the deadlines you face in resolving your problems. Pay special attention to the date on which you would lose legal right to ownership.
2. Never sign a contract under pressure. Take your time, and consult a lawyer if possible.
3. Never sign away ownership via a quitclaim deed or other [...]

Creditors harassing parents!

January 11, 2008

Dear Dave,
My older sister has run up some pretty large debts, and there’s one creditor in particular that’s giving her a bad time. She only owes them about $500, but they somehow got our parent’s phone number. They called and made my mom feel so bad that she paid part of the bill. Now this [...]

An easy way to save money

January 10, 2008

Here is how I have saved thousands of dollars throughout the years. Whenever you break a bill whether it is a dollar, $5 or even a $50 bill consider this as change that will go into a savings jar. I stash money in my ash tray in my car and empty it once a month [...]