Monthly Archives: January 2011
Is It Easy To Rebuild Credit After Bankruptcy Or Hard?
Posted January 24, 2011 – 11:34 am in: BankruptcyBankruptcy is a term that is applied to an individual or business who can no longer secure money from a bank. Once someone is declared bankrupt, they will not be able to use a bank account or borrow money from a bank until the term is lifted. Whether they were involuntary declared bankrupt or they brought the declaration upon themselves, the question on most peoples minds afterwards is “is it easy to rebuild credit after bankruptcy?”.
No Comments | Tags: bank, Bankruptcy, money, toronto, trustees
Understanding The New Loan Modification Program
Posted January 18, 2011 – 8:42 am in: LoansThe federal’s Making Home Affordable (MHA) program helps folks dealing with foreclosures. It has two main programs: the Home Affordable Refinance Program (HARP), designed to assist homeowners who are current on their mortgage payments but owe in excess of their homes are worth, and the Home Affordable Modification Program (HAMP), intended to scale back monthly mortgage payments so householders will still keep their homes.
No Comments | Tags: business, finance, home, house, houses, Investing, Loans, real estate
Does The Fair Debt Collection Practices Act Apply On Medical Debt?
Posted January 3, 2011 – 10:55 am in: CreditI receive email quite often asking me about medical bills and whether they are covered by the FDCPA or at what times the FDCPA applies? Will the FDCPA apply? Yes it will, but it also wont. Under the Fair Debt Collection Practices Act third-party debt is the only type that is covered. To elaborate, I will go through the typical process of a medical bill and where your rights begin and end.
No Comments | Tags: collection debt, Credit, debt, debt relief, fair debt collection practices, get out of debt
