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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Options"

Help! What are my private student loan consolidation options?

I have significant student loan debt. While I am currently awaiting approval for my federal student loan consolidation through a good company, my private student loan debt is just slowly multiplying. For the past few months, I have searched high and low for private student loan consolidation options, but apparently NOBODY offers private consolidation due to the “failing economy”, as some Web sites put it. For the past 60 days, I have spoken to Salle Mae dozens of times, attempting to get them to help me with some sort of payment plan that I am able to afford, but they refuse to make my monthly payments any less than 1/3 of my monthly income. While I wish I made enough money to pay that much alone with rent, utilities, and food, … Read entire article »

Filed under: Student Loan Help

What are my Bankruptcy Options?

Let’s talk about “options”. It’s a question that clients bring in often, but many don’t realize how complicated that can be. I’mJoseph C. McDaniel and I am a Board Certified Arizona Bankruptcy Attorney. My firm is a debt relief agency and I help both people and businesses file bankruptcies. If you’re interested in filing a bankruptcy in Arizona or have questions, please call our firm at 602-297-3025 or visit my free Bankruptcy blog at www.arizonabankruptcyblog.info and my website at www.josephmcdaniel.com … Read entire article »

Filed under: Bankruptcy Law

Mortgage/refinancing professionals: what are good refin. options?

Mortgage: from 7.11% fixed for 2 yrs. and just went to 8.63% adjustable this month. My sister has a mortage for $79,000.00. and this month she will need to pay approx. 100.00/month more!. if it is a good idea to refinance, please explain what the pros and cons of refinancing are, and what she should be looking for. I believe the value of the property is supposed to be $110,000.00 now. So, the LTV=79K/110; cred score=560; income=2,700/mo (32K/yr). What would be a good deal for her? What should she look for in the professional that offers to assist her? What should she watch out for? Should she expect some sort of “hidden” fees or ” a catch”? Thanks, in advance – She will need to make a decision within the next day … Read entire article »

Filed under: Mortgage Refinancing

What are the options for teachers looking for debt relief or loan forgiveness?

I am a young teacher (2nd year) who teaches at an urban school in San Diego, and I am struggling with my debt on my meager teachers salary. What are my options for relief? … Read entire article »

Filed under: Debt Relief

What kind of options do I have to get a loan to fix my home but don’t have any equity in the home?

I am refinancing my home this month from a 30 year 7.25 to 15 year 4.34 saving $86,000 in interest. Problem is that any equity I had in the 3 years I’ve been paying, I’ll lose when I tie closing costs back in. My wife and I have excellent credit and no credit card debt (only student loan, home mortgage, and 2 car payments). Looking for about $10,000. Should I go to a bank or put it on a couple cards?? … Read entire article »

Filed under: Student Loan Help

Foreclosure Options In Real World Terms

Discover And Understand What Options You May Have If You Have A Home In Foreclosure. Foreclosure Options In Real World Terms … Read entire article »

Filed under: Foreclosure Help

I am a student, have no credit history and have limited options on co-signers. Am I out of luck?

Here’s the situation: 1. I have about two months of credit history with one credit card, and I paid off the balance on time no problem. 2. I am a sophomore, have already filled out FAFSA, and am already taking out federal loans. 3. I need an additional private loan of $6000 within three weeks. 4. My best candidate for a co-signer is my mother (My other closest family members are definitely unable to help me). Her credit score is good, but she has no job. She will have to get a loan of her own soon for a car, once she gets a job. 5. I have read on different websites that co-signing a loan affects the co-signer’s credit score. They all mention that a co-signer suffers if the borrower doesn’t pay payments, but … Read entire article »

Filed under: Student Loan Help

Mortgage/refinancing professionals: what are good ref options?

Mortgage: from 7.11% fixed for 2 yrs. and just went to 8.63% adjustable this month. My sister has a mortage for $79,000.00. and this month she will need to pay approx. 100.00/month more!. if it is a good idea to refinance, please explain what the pros and cons of refinancing are, and what she should be looking for. I believe the value of the property is supposed to be $110,000.00 now. So, the LTV=79K/110; cred score=560; income=2,700/mo (32K/yr). What would be a good deal for her? What should she look for in the professional that offers to assist her? What should she watch out for? Should she expect some sort of “hidden” fees or ” a catch”? Thanks, in advance – She will need to make a decision within the next … Read entire article »

Filed under: Mortgage Refinancing

Insolvency Options for a Sole Trader

Filed under: Insolvency

Bankruptcy Options, including barking dog; another try coming soon.

I’mJoseph C. McDaniel and I am a Board Certified Arizona Bankruptcy Attorney. My firm is a debt relief agency and I help both people and businesses file bankruptcies. If you’re interested in filing a bankruptcy in Arizona or have questions, please call our firm at 602-297-3025 or visit my free Bankruptcy blog at www.arizonabankruptcyblog.info and my website at www.josephmcdaniel.com ‚Äč Another initial experiment with video blogging about bankruptcy, thwarted by a pooch. Let’s talk about options. … Read entire article »

Filed under: Bankruptcy Law

Options if defaulted on a federal student loan?

My boyfriend defaulted on a federal student loan in 1995, and his wages have been garnished ever since. None of the money has ever been applied to the principal. The loan holder will drop $8,000 in collection charges if the loan is paid off in a lump sum.Yet, he can’t get this kind of financing ($35,000) at a regular bank because of his poor credit, and because he has already consolidated once. If he enters the loan holder’s “rehabilitation” program and pays additional money for 9 months (on top of the garnishment) they will drop the default status, enabling him to get the financing, but they will not drop the collection charge. He can’t get a home equity line of credit, and the typical student loan financers won’t help him … Read entire article »

Filed under: Student Loan Help

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