Loan
Scam Alert - Protect yourself and your finances
from fake lenders and scam artists. Make
sure to read up on the latest scam techniques, such as their use of legitimate company names
and logos, taken from real loan companies, in
order to hide their shady operation. Learn about foreclosure
fraud, phony debt counselors, advance
fee loan scams, and identity
phishers, so you'll be better able to recognize
red flags when you see them. You will be able
to fend off the increasingly-clever scam artists
who take advantage of the desperate and vulnerable.
If a particularly slick character has managed
to scam you, please report
it to the Federal Trade Commission
and law enforcement, then share your story with our readers. If you own a website or blog, please link to our scam articles to help us spread the word about these leeches. Consumer
Statistics - Interesting stats
about consumer spending, credit and debt 2006 | 2007 | 2008 | 2009
The
New Federal Foreclosure Prevention Plan -
There are federal plans
aimed at helping to prevent
foreclosure, particularly among high risk
families who are struggling to meet their home
mortgage obligations in the face of increasing
adjustable rate mortgages, or ARMs. Don't let
the bank take your home away. Take the first
steps to stop
foreclosure before it's too late. Learn about
who qualifies for the federal foreclosure prevention
programs and how these programs can help homeowners
keep their house, as well as about the efforts
of individual states and localities to ease mortgage
woes and prevent ARMs related foreclosures in
their regions.
Getting Out Of Debt - Proper debt management
and reduction are the first steps toward securing your financial situation. Consult a good debt
settlement company who will help you settle
your unsecure debt, negotiate your payoff balance, and reduce your interest rates with your creditors. If you own your home, it may behoove you to use your home's equity to eliminate your debt. Also, if you qualify for a lower mortgage rate, you would probably be able to save money by using a low interest home loan against your equity, and pay off your higher-interest items. As always, remember that an equity line is secured by your home, and you must be able to pay the mortgage each month or you risk losing your home. There are also numerous loan modification programs out there that will enable you to modify your loan terms to help avoid foreclosure. So, weigh all your options before deciding how you will pay off your debt. By learning
how to manage your debt, consolidate credit cards, pay off bills, and control your spending, you can get that second chance you deserve. Oh, and don't forget the advice your grandma
gave you: always try to live
within your means. Individual State
Pages: California - Delaware - Florida
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