Debt Guru
JULY 19, 2020
You might be tempted to use your substantial home equity to consolidate debt. Because your home’s equity is backing the loan, you could face foreclosure if something catastrophic prevents you from affording the payments in the future. The post Consolidating Your Debt?
Roths Child Law
APRIL 6, 2023
It could even help you to save a home that is at risk of foreclosure. Certainly, filing for bankruptcy isn’t the best debt management or debt solution for all consumers.
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Sawin & Shea
AUGUST 24, 2020
If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Credit counseling and debt management agencies may be able to assist you as you work, but with so many untrustworthy schemes out there, how do you know what the right step should be?
Debt Free Colorado
MARCH 1, 2022
In the event that your loan doesn’t offer a plan or you’re not approved, a Chapter 13 Bankruptcy will stop a foreclosure and give you 5 years to get caught up on your mortgage arrears while potentially wiping out other debt like credit cards and medical bills. There are options available to you to prevent foreclosure.
Fico Collections
JULY 29, 2020
One key takeaway from this exercise was that modifying the loan terms was often mutually beneficial to both the lender and customer when considered as an alternative to foreclosure or charge off. The program used a principle of ‘positive present value’ to establish whether a loan modification was suitable for a given loan.
Debt Guru
JULY 28, 2021
If you’ve missed a lot of payments and are at risk of losing your home to foreclosure, you could sell your home to prevent this. In today’s market, you can likely sell your home for more than you owe on it and use the profit as either a down payment on a new home or to pay off some debt. Deed-In-Lieu-of-Foreclosure.
Titan Consulting
SEPTEMBER 2, 2020
Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. The main strategy in any debt consolidation strategy involves replacing one debt with another debt, usually with a lower interest rate or monthly payment. Key Takeaways.
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