The Real Truth About Mortgages (Part Two)
Monthly Archives: February 2011
The Real Truth About Mortgages (Part One)
This has been the most common question I get for a long time, so I will periodically post on the possible answers. If you are current, and can afford to continue paying, there is really no bankruptcy alternative. You can stop paying, the so-called “strategic default“. Unfortunately, there is no accurate prediction as to what…
Is Your Main Squeeze A Spender Or A Saver?
Don’t let financial incompatibility kill your relationship! Or, maybe you should, sooner being better than later. If you are a spender and she is a saver, something’s gotta give. Apparently, we are more reluctant to talk to our partner about finances than almost anything else. The potential problems of a financial spender-saver mismatch are covered…
Ten Reasons Not To File Your Own Bankruptcy
I always tell people, if you are an electrician, go ahead and rewire your house, if you are a plumber, put in that new sink, but, if you are not, get someone who does know how to do those things. Same with filing bankruptcy. 1. It is easy to flub a procedural requirement, not file…
Best Bank To Open A New Account In?
Which bank should have your money? Banks are back to bidding for new customers, many offering cash for opening a new account. Lots of them require you to set up direct deposit of your paycheck. So, if you are like me, and do not get a paycheck, no go. Mark Riddix explained what he researched…
After Bankruptcy, Then What?
A bankruptcy discharge does not fix everything, even all your debt-income problems. Yes, debts are still wiped out, with some exceptions. Foreclosures, lawsuits, garnishments, repossessions, all stopped. And harassing letters and phone calls from creditors and collection agencies. Bankruptcy does not have to be removed from your credit report for ten years, so some problems…
