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January 08, 2013
Most people find getting student loans without a cosigner to be an impossible feat. While the task can be challenging there are a few resources for students to tap into. For most, the top option is applying for government student loans. However, some people might qualify for private funding.
Qualifying for private student loans without a cosigner requires an established credit history and good FICO score. This option is generally reserved for borrowers who have consistent income either from a job, structured settlement annuity payments, or trust fund.
It's not easy to borrow college funds from a bank, so it's better to look into government student loans first. A few of the most common are Stafford loans, Perkins loans, and PLUS loans.
April 15, 2010
Obtaining secured loans with bad credit can be considerably more difficult than if you have good credit. However, with research and perseverance borrowers can locate poor credit lenders willing to give them a second chance.
Secured loans require borrowers to utilize some form of valuable asset as collateral. Assets might include real estate properties, vacant land, motor vehicles, water craft, or business equipment. Depending on the circumstances, amount of required funds and type of collateral, banks may require bad credit borrowers to obtain a creditworthy co-signer.
April 24, 2009
Bad credit lender loan mortgage is a form of home financing available for people with poor credit. When the bottom fell out of the banking industry, lenders imposed new mortgage lending guidelines. In addition to requiring a high FICO score and solid employment record, borrowers must also have a substantial down payment before qualifying for a home loan today.
Obtaining a bad credit lender loan mortgage is not the same as subprime loans. However, bad credit loans cost more to obtain. Borrowers with low credit scores are viewed as high-risk; meaning there is a good possibility they will default on their mortgage note.
January 02, 2009
Mortgage bankruptcy refers to the 'Conyers Bill' which was enacted by legislation in 2007. The mortgage bankruptcy bill is highly controversial because it modified the new bankruptcy laws which took effect in 2005.
The mortgage bankruptcy bill requires borrowers to provide evidence they are incapable of obtaining the financial means to become current on delinquent mortgage payments to stop foreclosure.
December 28, 2008
Millions of consumers need debt help, but most do not know where to turn. From debt consolidation to debt settlement and credit counseling to bankruptcy; there are programs which address nearly any financial dilemma. The problem is determining which is best suited for your needs.
Today, we're going to review debt help programs and what they offer. Since there are numerous options, this article briefly touches upon the most popular. Additional information and resources can be obtained by clicking on the highlighted links.
December 25, 2008
Credit counseling is a good option for people who are considering bankruptcy or those who have trouble managing their money. Credit counseling is also good for people who are just starting out and want to ensure they begin their life journey with a strong financial foothold.
Credit counseling is available in nearly every metropolitan city across the United States. Most agencies charge a fee for their services. However, there are non-profit credit counseling agencies that provide no- or low-cost services to those who qualify.
December 19, 2008
There is plenty of bankruptcy information available these days. Considering more than 1 million people have filed for bankruptcy protection this year, many Internet marketers are capitalizing on this top-ranking keyword. The problem is, much of the information is used solely for profit and not to provide sound advice.
In order to obtain accurate bankruptcy information, it is important to go to the source. Bankruptcy filings are overseen by the U.S. Trustee Program which is a division of the U.S. Department of Justice. The Trustee Program website provides comprehensive bankruptcy information and resources to help debtors determine if bankruptcy is their best option.
December 17, 2008
Debt relief is the buzzword of the day. From Fannie Mae and Freddie Mac to banks and automakers, everyone is searching for their own personal bail-out. And, while it is now official that America is in a recession, most people have been feeling the financial pinch for quite some time.
Obtaining debt relief is no easy feat; however it can be accomplished. The problem is most people want instant financial gratification. Unless you hit the lottery jackpot, chances are this isn't going to happen. It took time to build your mountain of debt and it is going to take time to chisel it away.
December 15, 2008
In the past, hiring a Chapter 13 bankruptcy attorney was as simple as opening a phone book. Today, it isn't quite as easy. When the new bankruptcy laws went into effect in 2007, a provision was included which requires lawyers to attest to their clients bankruptcy petitions. In a nutshell, this provision requires lawyers to state they believe their clients' petition is necessary. If clients are not completely honest when providing details about their financial situation, the attorney assumes significant risk.
Today, retaining the services of a chapter 13 bankruptcy attorney is more costly. In addition to the above mentioned risk, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) require lawyers to engage in additional casework to ensure their clients have a legitimate need to file for bankruptcy protection. This has resulted in higher legal fees; making it more difficult for average Americans to obtain appropriate counsel.
December 13, 2008
Deciding to file bankrupsy is never an easy choice. However, if personal bankrupsy is the only option left, it is best to become as informed about the process as possible. Doing so will help reduce the stress associated with filing bankruptcy and help you stay focused on the task at hand.
A key element of bankrupsy is understanding the new bankruptcy laws enacted in 2005. The Bankruptcy Abuse Prevention and Consumer Protection Act was put into place as a way to protect both consumers and creditors