Comments for Worry Free Credit

Comment on ForeClosure? by ratemyexperience

ratemyexperience — Thu, 23 Dec 2010 03:47:59 +0000

Hello how are you? You can get free information and learn how to stop/prevent foreclosure at ForeclosedRiches.com I know this will help you. Good Luck!
References :
http://www.foreclosedriches.com/

Comment on ForeClosure? by afiesha s

afiesha s — Thu, 23 Dec 2010 03:21:59 +0000

Hey there, allow me to direct you to this website, it may be able to help you find some solutions. Good luck!

http://www.shortsalecomplete.com/?utm_source=blog&utm_medium=blog&utm_campaign=shortsalecomplete
References :

Comment on Debt settlement? by JQT

JQT — Thu, 23 Dec 2010 02:52:59 +0000

If it is too good to be true, then it is. Go to National Foundation for Credit Counseling (www.nfcc.org) for free advice. Best wishes.
References :

Comment on ForeClosure? by alterfemego

alterfemego — Thu, 23 Dec 2010 02:48:59 +0000

If you haven’t been making your mortgage payments, then yes this may mean the lender has filed foreclosure proceedings against you. You have an opportunity to redeem the property at the judgment or 6 months after foreclosure. But eventually you will be forced to move if you do not make up all the payments and penalties.
References :
appraiser/realtor

Comment on Debt settlement? by Debt Guru

Debt Guru — Thu, 23 Dec 2010 02:19:59 +0000

The answers above are both correct depending upon the specific debt settlement company used. Most debt settlement companies can make a request from the creditor to mark the account as paid as agreed or paid in full either way with a zero balance.

Credit implications in the future are tough to predict. He will be late on his accounts and may even wind up with collection accounts if the credit card companies sell the accounts. He may even be sued if the debt settlement company has poor relations with the credit card company. In his favor will be a drastically decreasing debt to income ratio considering that he will be paying his over all debt down faster than the average consumer hence increasing his FICO score and ability to borrow money.

Settlement letters can be seen with both sets of results at http://www.fdnsolutions.com/settlementletters and debt settlement is only for consumers in a legitmate financial hardship. My guess is that if your "friend" is able to pay his bills and enrolled in a debt settlement program its probably a case of over promising and later on under delivering. Have your friend ask for some results from the settlement company so that at least he can see some proof.
References :
http://www.fdnsolutions.com

Comment on ForeClosure? by sweetxgrace

sweetxgrace — Thu, 23 Dec 2010 02:05:59 +0000

Did the letter go into detail? Have you not been paying on your home? Have you been paying your taxes?
References :

Comment on Do debt reduction services make you file bankruptcy? by Madilynn

Madilynn — Thu, 23 Dec 2010 01:53:59 +0000

http://debtreliefreviews.net has a list of reputable companies provide debt relief and help programs.
References :
http://debtreliefreviews.net/

Comment on ForeClosure? by stevenbarnettloans@rocketmail.co

stevenbarnettloans@rocketmail.co — Thu, 23 Dec 2010 01:41:59 +0000

We need to know more about the letter but if you have not paid your mortgage then it probably is. In that case call your bank ASAP!
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Comment on Debt settlement? by Ari

Ari — Thu, 23 Dec 2010 01:32:59 +0000

No, its not true at all. He can possibly settle the debt, yes. But now he'll have negative marks on his credit for every account he settles. When he pulls his credit report, each account will state "Settled for Less Than Amount Due" for the next seven years. This will negatively effet his FICO.
References :

Comment on Do debt reduction services make you file bankruptcy? by ghasynchroduck

ghasynchroduck — Thu, 23 Dec 2010 01:13:59 +0000

Many debt reduction services charge large fees. They also often times make you save all the money up (including their fees) before they contact the creditors. This can make someone with good credit get bad credit because some of these services recommend to people to stop paying off their debt completely. I wouldn’t use any service except maybe a credit counselor. A credit counselor will help you set a budget and create a payoff plan for your debt. Use the below link to help you find a reputable one.

You could even get away with doing everything yourself.

First pull your credit reports from the three major credit bureaus:
Experian, TransUnion, and Equifax
You can get free ones at http://www.annualcreditreport.com.

Then take note of how much money you owe and to whom.

If the account(s) is delinquent:

Order the accounts by either smallest to largest amount (makes you feel like you are accomplishing something quicker), or largest to smallest interest rate (will end up saving you money in the long run).

Start saving up what you owe for each account. Keep making payments on any that are still open or in good standing.

After you have saved a total to pay off the first amount contact the creditor and see if you can negotiate a reduced payoff amount…if not then you can pay in full.

If the account(s) is in good standing:

Make all of your payments on time.

Pay the minimum on all the accounts below the first one listed, then pay all the other money you have devoted to paying off debt to the first account listed.

Once the first account is paid off apply all of the money you were paying on the first account and start paying off the second account on the list. Repeat until everything is paid off.

You may want to go to the library and check out The Total Money Makeover by Dave Ramsey. It explains everything I just told you in greater detail.
References :
http://www.nfcc.org/