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Qualifying For a Mortgage
December 12, 2000 Most potential borrowers are nervous about getting a mortgage loan because they share a widespread misperception: the misperception is that they have no bargaining power relative to lenders, and therefore must approach them ... more...

Does 401K Debt Count?
"I have outstanding loans against my 401K retirement plan.  Since I owe it to myself, does it count as debt service that is included in the total expense ratio, limiting the mortgage for which I can qualify?" You do owe it to yourself.  On the other hand, if you leave or ... more...

repay your debt related definitions

Credit Report
Credit Report A report documenting the credit history and current status of a borrower's credit standing, detailing a borrowers credit history including payment history on revolving accounts (eg. credit cards) and installment ... more...

Equal Credit Oportunity Act
Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more...

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Get Free repay your debt Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

Debt Settlement Facts and Benefits
Even if you are watchful of your budget, things do happen. Particularly tragic to a household budget is a large, sudden debt, or the loss of income which may hinder your ability to repay.Debt negotiators may be able to help you come to equitable settlements for your debts.Professional debt ... more...

Debt Consolidation vs. Debt Negotiation
As the national consumer debt amount increases, many people are looking for an easy and quick way to eliminate their debt. Unfortunately, there is no quick solution to becoming debt free. In spite of this, many people fall victim to debt elimination scams.Debt elimination scams insist that ... more...

Steps to Credit Repair
Credit repair is not always easy, but there are solutions available to help us get out of debt. We all have bills and sometimes those bills are outrageous. Paying bills is ongoing, there is no escape so the best possible solution then is asking for help and working to repay your debts.The changes ... more...

How To Tap In To Your Home Equity
With today's relatively low interest rates and climbing property values, many consumers are considering taping into their home equity to finance everything from home improvement projects to debt consolidation.Secured home loans, also called home equity loans, are loans backed by the borrower's ... more...

Bankruptcy: Who is to Blame?
If you are considering bankruptcy as a solution to your financial problems, you are not alone. Bankruptcy is on the rise in this country as consumer debt piles higher and higher. Some people blame the creditors, making it too easy for most consumers to obtain credit. But creditors would argue ... more...

No Credit Check Debt Consolidation
Debt consolidation is the perfect way to reduce your debt and eliminate annoying calls from creditors. There are various ways to consolidate your debts. If you own a home or property, you may obtain a debt consolidation loan using your property as collateral. Of course, if you cannot repay the loan ... more...

Credit Repair - Understanding The Basics
What is Credit?Credit means that you are using someone else's money to pay for things. It also means that you are making a promise to repay the money to the person or company that loaned you the money.Whenever a person applies for a loan, mortgage, a credit card or for any other purpose for which ... more...

Top Ten Reasons for Invoice Factoring
Here is our top 10 list as to why you should consider factoring as your funding solution:1. CASH IN AS LITTLE AS 24 HOURS Factoring provides you with the ability to meet your CASH FLOW NEEDS IMMEDIATELY!2. NO DEBT CREATED Loans require collateral limited by your hard assets. Factoring is NOT a ... more...

Avoiding Credit Card Secret Traps
Credit card secret traps are the hidden side of plastic that keeps you in debt that is difficult to pay off. The main objective of credit card companies is for you to carry the largest balance you can possibly repay.Trying to avoid these credit card secret traps is tricky because credit card ... more...

Discover What to do When Your Credit Worth is Damaged Due to Circumstances Out of Your Control
First of all, lets examine exactly what credit worth means and how it affects your financial life.Your credit worth, as defined by the financial industry, is the overall picture of your financial health that is used by lenders to determine your ability to repay debt. By looking at a combination of ... more...

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