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Debt Relief – Insolvency – Bankruptcy Information » Archive

How To Get The Right Credit Card Debt Consolidation Program For You

Article by Floyd P. Dietz You are in a large amount of credit card debt. As such, you need to find a way to pay your regular bills, plus your credit card. You have been seeing various advertisements for credit card debt consolidation programs, but are unsure as to whether they really work. Yes, they can work, but you need to know the red flags too. Credit Card Debt Consolidation Programs: Do Not Get Scammed! With all of the credit card debt consolidation programs being advertised, you can generally figure out which ones are scams. These are marked by poorly produced commercials, or a promise that sounds too good to be true. Unfortunately, there are some people who fall for the particularly unsafe credit card debt consolidation programs. These same people, instead of getting … Read entire article »

Filed under: Credit Card Consolidation

There is Tax Relief for Taxpayers Facing Foreclosure

Article by Karin Velez The economy has hit taxpayers pretty hard over the last few years and many have had to negotiate with lenders to reduce their debts. In many cases, these lenders have allowed taxpayers to settle their debt for much less than what was owed. However, any cancelled debt over $ 600 may create a tax bill to the taxpayers. This includes mortgage forgiveness in the case of foreclosure or short sale. Generally any time you have a foreclosure or a cancelled debt you are hit with a second hardship – a tax bill. Lenders who have forgiven a debt issue a Form 1099-C, Cancellation of Debt, which shows both the taxpayer and the IRS the amount that was forgiven. The IRS considers this to be taxable “other” income since … Read entire article »

Filed under: Foreclosure Help, Insolvency

How to Identify a Mortgage Refinancing Loan Scam

With the current market situation, privatization is the new buzzword. The effects can be noticed in sectors such as real estate. This in turn has impacts on loans and money lending, speeding its growth and development. There is greater concentration on real estate as many are aware of the opportunities that may be present. In order to cope with the changing trends, the mortgage refinancing companies penetrate the market by all means. Mortgage refinancing scams also develop in parallel to the above strategies. The mortgage refinancing scams result in misleading the customers, way ward. This causes negative impacts on the real business. Due to these scams people lose their trust in the mortgage refinance system, thereby giving a heavy blow to it. Since mortgage refinancing is very widespread nowadays, people have got … Read entire article »

Filed under: Mortgage Refinancing

Debt Settlement Dangers – What They Don’t Tell You

•Credit Score – A debt settlement program will most likely have a negative effect on your credit score. How much your credit score will drop will be determined by how your credit score is right now. If you have been behind on your debts for a while already, your credit score may not be affected as much. If you have a great payment history and good credit score when you enroll in a debt settlement program, your credit score will likely plummet. A debt settlement program is NOT designed to improve your credit; it is a strategy to eliminate your debt as fast as possible and for as little as possible. Maintaining a solid payment history with all of your creditors is the only way to improve your credit. •Balances can … Read entire article »

Filed under: Debt Relief, Insolvency

How to get best quotes on Mortgage Refinancing?

Article by Zed Miller Are you looking to refinance your loans but not getting the best refinancing rates? There are times when you feel the repayment of your first mortgage is actually costing you few extra grand. And when you hear that your colleague or friend has recently got a mortgage at much lower rate of interest than that of yours, you are bound to consider mortgage refinancing. But getting one at least rate is not always easy. The mortgage lenders will always try to extract maximum profit from you and because of your ignorance and his expertise; you may pack your second mortgage in a costly bag. Refinancing mortgage in such a case will not do any good to you. So what to do? Most of the mortgage expert, including me, … Read entire article »

Filed under: Mortgage Refinancing

Refinancing Your Mortgage Online Has It’s Advantages

Before you enter the world of refinancing home mortgage loan business, make sure that you do your homework online. Make a thorough research on several websites that cater on refinancing programs and fill-out an application form for interest rates quotation. Just be careful on some websites that ask too much personal information because they may just be scammers. Shop around for the best interest rates offered in the market today. You can also ask help from your friends and neighbors who have the same plight as you are. For all you know, there may be some who were able to obtain a good deal on refinancing home mortgage loan. Ask them which banks they are dealing with, the interest rate that they got, and any other relevant information that you can … Read entire article »

Filed under: Mortgage Refinancing

Explain Refinancing A Mortgage

Article by Mark Bennett I am often asked to explain refinancing a mortgage. Why would you want to refinance? How does it benefit the home owner? And how does the process work? We can explain refinancing a mortgage once you understand why there is so much interest in each monthly payment. The bank sets your monthly payment just high enough to cover the interest they want you to pay, plus just a very small amount extra. Only the extra goes toward reducing your loan principal – the amount you still owe. The fact that it is just a small amount means that it will take you thirty years to pay back what you owe. Over the years, all those little amounts add up to reduce the amount you owe, so if you are … Read entire article »

Filed under: Mortgage Refinancing

Online All The Time With California Home Loan Mortgage Refinancing?

Article by Rony Walker Yes, getting a home loan mortgage refinancing in California is quick and convenient and can safeguard your present investments. Bet you want to know more now, don’t you? Read on. Welcome to sunny California Everybody loves California and relocating to the place is just as easy. Getting a California home loan mortgage refinancing is convenient too. A home purchase on loan mortgage refinancing will not require origination points. There are no hidden costs and everything will be charged up front. In addition, your loan is confidential, so there’s no need to keep looking over your shoulder. For your dream California home, loan mortgage refinancing companies will give you their decision immediately. No more twiddling your thumbs, waiting and hoping. They provide personal service. You can even track your loan anytime … Read entire article »

Filed under: Mortgage Refinancing

Try A Credit card debt consolidation loan

Article by Phil S Goterman Credit card debt consolidation is regarded as the first step towards getting rid of credit card debt. Credit card debt consolidation loan is one of the ways of consolidating credit card debt. Besides, credit card debt consolidation loan, you can also go for balance transfer to another credit card. In fact, due to the publicity by credit card suppliers, balance transfers seem to be more talked about than credit card debt consolidation loan. Some people kind of forget about credit card debt consolidation loan being available as a method of credit card debt consolidation. However, credit card debt consolidation loan too is important to consider when going for credit card debt consolidation. So what do we mean by credit card debt consolidation loan? Put simply, credit card debt … Read entire article »

Filed under: Credit Card Consolidation

The Requirements For The Making Home Affordable Modification Program

Article by Scott Pasinski You might have heard of the new Making Home Affordable Modification Program that is provided for all homeowners out there. This allows them to modify their payments to prevent any future delays in their mortgage fees. People who are still on time when it comes to their mortgage payments can still apply for this plan. More importantly, this is a good option for people who are really having trouble when it comes to their payments. What are the requirements for the Making Home Affordable Modification? 1. The home should be the primary residence of the applicant. Rest houses or secondary properties are not accepted for the program. 2. People who are currently experiencing problems with their payments. It may be that they have lost their source of income, reduction with … Read entire article »

Filed under: Mortgage Refinancing

IRS Insolvency Worksheet

Keeping a record of one’s total liabilities and assets in the IRS insolvency worksheet is important in proving that insolvency exists prior to cancellation of debt in one’s income. Debt Insolvency offers a complete guide on how to deal with insolvency and bankruptcy problems through well researched information and helpful links regularly updated for the user’s benefit. Cancelled debt is considered an income when a liability is forgiven. This is usually added as miscellaneous income on a person’s tax return and is therefore taxable. There are ways to exclude forgiven debt from taxable income and one measure involves discharging the liability in a bankruptcy. A person can qualify for exclusion of forgiven debt as income by proving an insolvency status before the cancellation of debt. An insolvency worksheet IRS needs to be … Read entire article »

Filed under: Bankruptcy Help, Foreclosure Help, Insolvency

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