Getting under a mountain of debt is not something you’d want to experience. Unfortunately, some life circumstances could lead to that. When your debt is in the hands of the collectors, getting the calls asking you to pay what you owe can be dreadful and stressful. Should I answer debt collector calls? It may have …
When buying a home, you hear about pre-qualification and pre-approval processes. These are part of getting a mortgage loan. However, there’s one more process worth knowing about, which can increase the chances of your offer being accepted by the seller. It’s the conditional loan approval. What is a conditional loan approval, you ask? Let’s delve …
Student loans are a reality for many Americans. Over 43.2 million student borrowers have an average debt of over $39,351 each. If you currently have a federal student loan or you’re planning to take one, you’ll have to work with a student loan servicer. A student loan servicer is a private company used by the …
Which Student Loan Servicer is Best? 2021 Update Read More »
Financial hardships may come at some point, and sometimes your only way out is through bankruptcy. Can you file it without your spouse? Yes, you can file for bankruptcy without your spouse. And it makes the most sense when you and your spouse keep your finances separate, or you don’t want to affect your spouses’ …
Can One Spouse File Bankruptcy Alone (And How Does it Affect Your Non-Filing Spouse)? Read More »
Loan modification is an option if you’re looking to lower your monthly loan payments. It can help reduce your payments. Why should you choose loan modification? What is it and how does it work? What Is a Loan Modification and How Does it Work? A loan modification may be a good option if you’re struggling …
Yes, a VA home loan can be transferred to another borrower, regardless if he’s a veteran or not. This process is referred to as VA loan assumption. However, the assuming borrower must meet certain requirements and must be financially eligible to take over the VA home loan. Loans that were closed before March 1988 can …
Can A VA Home Loan Be Transferred To Another Person? Read More »
Credit is an important element in financing. When you need money, you rely on credit. When you’re buying property, you rely on credit. However, credit is something you can’t build overnight. You can’t have an outstanding credit status in just a month. So, how do you build your credit score? Some say, “Go to the …
Many Americans have poor credit. If you’re one of them, you can boost your credit score and improve your overall financial standing in various ways. If you’re in a rush to get an increase in your credit score, one of the quickest ways to do so is to piggyback on someone else’s credit. This strategy, …
Does Credit Card Piggybacking still work? Here’s what it is, and how to do it. Read More »
Financing can be difficult for people with no established credit standing. Aside from credit standing, there are also other relevant factors considered in getting loans. In the United States, most loans require a Social Security Number (SSN). However, not all people in the US have an SSN. Why? Probably, these people are immigrants. Immigrants usually …
If you just landed a new job and you’ve decided to buy a house, getting an FHA (Federal Housing Administration) loan is one of your options to fund the purchase. Many people ask, “Can I get an FHA loan if I just started a new job?” The answer is yes. You can get a loan …
How to get an FHA home loan without 2 years of employment Read More »
