How To Stop Forelosure

Written by Dean Lusk


A loss of a job,death in family, medical expenses and other life-altering situations can happen to anyone, causing us to fall behind in our mortgage loan payments. If we neglect paying our

credit cards it hurts our credit rating; if we neglect our home loan paymentsrepparttar lender will foreclose, and repossess our home. We are often embarrassed to talk about our money problems, but that approach doesn't solve anything. Put your pride on hold and get serious about avoiding foreclosure.Contact your lender as soon as you know your payments will be late. Never ignorerepparttar 112524 lender's letters and do not assume you are in a hopeless situation. Lenders do not want to foreclose, and will usually work with you to get your account back on track.

Below are Solutions for Temporary Problems

1.Reinstatement When you are behind in your payments but can promise a lump sum to bring payments current by a specific date.

2.Forbearance You are allowed to delay payments for a short period, withrepparttar 112525 understanding that another option will be used afterwards to bringrepparttar 112526 account current. Lenders sometimes combine Forbearance with Reinstatement if you know you'll haverepparttar 112527 funds to bring your account current by a specific date. 3.A Repayment Plan If your account is past due, but you can now make payments,repparttar 112528 lender may agree to let you catch up by adding a portion ofrepparttar 112529 past due amount to each currentmonthly payment until your account is current.

How To Save Money On Credit Cards

Written by Paul Davis


Some credit cards offer a cash advance option. But how good a deal is this?

Not very. In fact, it can be downright expensive.

Why?

Because every time you use your credit card to withdraw case, more fees kick in:

- Cash advances can carry an upfront fee of 2 percent to 4 percent ofrepparttar amount advanced.

- The advances have a higher interest rate than regular card charges.

- Interest charges begin to mount as soon asrepparttar 112523 money comes out ofrepparttar 112524 ATM.

- Many issuers also require you to pay downrepparttar 112525 balances for purchases before you pay downrepparttar 112526 higher-interest cash advance balance.

Here's an example of how these fees kick in:

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