mortgage: Re-Aging Credit - Curse or Blessing
- 10/20/11 02:21 AM
Many people are unaware of what the term “re-aging credit” refers to, and how it can affect them. When utilized in a legal, proactive manner it can make late payments disappear like magic! Staring from the basic concept of credit understand that any debt accrued by a debtor must be paid back to a creditor within a specified period of time. Re-aging credit refers to a readjustment of this period of time with the result of an alteration to the debtor's credit history. It should be noted that there is positive and negative re-aging, the former being legal and the … (46 comments)
mortgage: Here's YOUR Mortgage Bailout!
- 01/14/11 06:49 AM
There's been much debate about who is being helped by the never ending stream of bailouts. A main point of contention is that the programs for refinancing or modifying mortgage loans seems to only help those who have neglected to pay their mortgage as agreed. Granted, there are people in that situation who have a legitimate plea for help but what about the "responsible" individuals who have done all they can and kept their payments current? While there are a number of options that provide relief for borrowers who have been unable to stay current with their mortgage obligations there is … (0 comments)
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