Comments on: Credit 201 http://thebudgetingbabe.com/2004/12/04/credit-201/ A personal finance blog for career minded women with small budgets and big dreams. Sun, 05 Aug 2012 15:47:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Anonymous http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-3658 Anonymous Fri, 29 Jan 2010 20:18:34 +0000 http://thebudgetingbabe.com/?p=15#comment-3658 sanjoseFuneralService - San Jose Funeral Home San Jose Funeral Home serving the whole Bay Area for all of your funeral needs: Memorial Services, Cremation servies, Graveside Services and all your ...<br />sanjosefuneralservice.com sanjoseFuneralService – San Jose Funeral Home San Jose Funeral Home serving the whole Bay Area for all of your funeral needs: Memorial Services, Cremation servies, Graveside Services and all your …
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]]> By: johnchristine375 http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-3559 johnchristine375 Wed, 18 Nov 2009 16:20:13 +0000 http://thebudgetingbabe.com/?p=15#comment-3559 By following 7 Steps to a 720® Credit Score,Now i am able to get a better rate on car, home and credit card, which takes them from losing money each month, to saving money each month. It's the best investment a person can make." you can even take help from <a href="https://www.720creditscore.com/" rel="nofollow">https://www.720creditscore.com//</a> site to save your money!! By following 7 Steps to a 720® Credit Score,Now i am able to get a better rate on car, home and credit card, which takes them from losing money each month, to saving money each month. It's the best investment a person can make." you can even take help from https://www.720creditscore.com// site to save your money!!

]]> By: Anonymous http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-3237 Anonymous Thu, 29 Jan 2009 23:36:00 +0000 http://thebudgetingbabe.com/?p=15#comment-3237 STOP FORECLOSURE WITH CALIFORNIALOANRATE.COM<br/> <br/><br/>CaliforniaLoanRate.com will work with you to develop a plan that best serves your particular needs. We will then negotiate with your lender to incorporate any changes that are needed to make the plan acceptable both to you and to your lender. Keeping you in your home is advantageous to the lender. Our job is to help them appreciate that advantage. <br/>SHORT SALES MAY SELL YOU SHORT<br/>You may have been told that a short sale is your only course of action.What you may not have been told is that you may be dealing with the consequences of that action for many years.<br/>DEADLINE SENSITIVITY<br/>We understand that you may be facing immediate deadlines and that any delay can mean a loss of meaningful options for relief.<br/>TYPICAL RESTRUCTURING PLANS<br/>Restructuring plans may include:<br/>Adding delinquent payments and any foreclosure fees to the back end of the loan. This may include a permanent reduction in your interest rate.<br/>Forbearance plans may be used to temporarily halt the foreclosure process for up to four years while you make payments to become current with the lender.<br/>GOALS OF NEGOTIATION WITH YOUR LENDER<br/>In our negotiations with your lender we are seeking to lower your payments, lower the interest rate, mitigate any negative impact on your credit rating, and keep your home from going into foreclosure. The lender benefits by continuing to receive payments on the mortgage, and saving on the costs that would be incurred in a foreclosure.<br/>WHAT WE NEED FROM YOU<br/>We will need to document your income and expenses for the last two years. Documentation will include pay stubs, tax returns, bank statements and property tax bills, and all of the paperwork associated with your mortgage. We will need copies of your bills to document your financial situation and the factors that led to your falling behind. Please provide any other letters or notices that demonstrate that you faced a reduction in your income or higher than expected expenses.<br/>TELLING YOUR STORY<br/>We will ask you to prepare a draft letter that explains in your own words what factors have led to your need for a modification from the lender. It is important that you author this letter, and that it is not generic. Please include the details that bring to life the financial difficulties that you have faced. If you feel that you were not properly and fully informed regarding the terms of your loan, please describe the process by which you came to sign the loan papers and what your understanding of the terms of your loan was at that time. STOP FORECLOSURE WITH CALIFORNIALOANRATE.COM

CaliforniaLoanRate.com will work with you to develop a plan that best serves your particular needs. We will then negotiate with your lender to incorporate any changes that are needed to make the plan acceptable both to you and to your lender. Keeping you in your home is advantageous to the lender. Our job is to help them appreciate that advantage.
SHORT SALES MAY SELL YOU SHORT
You may have been told that a short sale is your only course of action.What you may not have been told is that you may be dealing with the consequences of that action for many years.
DEADLINE SENSITIVITY
We understand that you may be facing immediate deadlines and that any delay can mean a loss of meaningful options for relief.
TYPICAL RESTRUCTURING PLANS
Restructuring plans may include:
Adding delinquent payments and any foreclosure fees to the back end of the loan. This may include a permanent reduction in your interest rate.
Forbearance plans may be used to temporarily halt the foreclosure process for up to four years while you make payments to become current with the lender.
GOALS OF NEGOTIATION WITH YOUR LENDER
In our negotiations with your lender we are seeking to lower your payments, lower the interest rate, mitigate any negative impact on your credit rating, and keep your home from going into foreclosure. The lender benefits by continuing to receive payments on the mortgage, and saving on the costs that would be incurred in a foreclosure.
WHAT WE NEED FROM YOU
We will need to document your income and expenses for the last two years. Documentation will include pay stubs, tax returns, bank statements and property tax bills, and all of the paperwork associated with your mortgage. We will need copies of your bills to document your financial situation and the factors that led to your falling behind. Please provide any other letters or notices that demonstrate that you faced a reduction in your income or higher than expected expenses.
TELLING YOUR STORY
We will ask you to prepare a draft letter that explains in your own words what factors have led to your need for a modification from the lender. It is important that you author this letter, and that it is not generic. Please include the details that bring to life the financial difficulties that you have faced. If you feel that you were not properly and fully informed regarding the terms of your loan, please describe the process by which you came to sign the loan papers and what your understanding of the terms of your loan was at that time.

]]> By: clarksburg http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-2496 clarksburg Mon, 28 Jan 2008 12:55:00 +0000 http://thebudgetingbabe.com/?p=15#comment-2496 When someone is dealing with monay troubles it is easy to lose control and end up creating more debt while trying to pay off existing debt! If someone finds themselves in a situation were they are living outside their means they should get some advise from professionals who can help them with their problems and assist in implementing a <a HREF="http://www.mydebtconsolidationadvice.com" REL="nofollow" rel="nofollow">debt consolidation</a> programme. When someone is dealing with monay troubles it is easy to lose control and end up creating more debt while trying to pay off existing debt! If someone finds themselves in a situation were they are living outside their means they should get some advise from professionals who can help them with their problems and assist in implementing a debt consolidation programme.

]]> By: Anonymous http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-2147 Anonymous Tue, 10 Jul 2007 16:52:00 +0000 http://thebudgetingbabe.com/?p=15#comment-2147 I believe they call that universal default.<br/><br/><a HREF="http://www.debt-consolidation-yes.com" REL="nofollow" rel="nofollow">consolidation bill</a> and consumer <a HREF="http://www.debt-consolidation-yes.com/rssfeed.xml" REL="nofollow" rel="nofollow">debt rss feed</a> I believe they call that universal default.

consolidation bill and consumer debt rss feed

]]> By: credit card organaizer http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-2046 credit card organaizer Thu, 03 May 2007 08:57:00 +0000 http://thebudgetingbabe.com/?p=15#comment-2046 Credit cards can be a wonderful convenience but they can also be destroyer of our future if we use them with complete unconcern. If you don’t want special rewards such as hotel rewards, gas rebate etc, if you expect to always pay your monthly bill in full your best choice can be a <a HREF="http://www.yourcreditoptions.com/Credit-Offer-Terms-3571503-page_3.php" REL="nofollow" rel="nofollow">credit card</a> with no annual fee and longer grace period.<br/>Never transcend the credit limit on your credit card. Ideally keep your balance about 25 % of your credit limit.<br/>If you have a good credit history, you are a valuable to negotiate with your credit company. Call them and ask about and ask about lowering your interest rate. Undoubtedly, they want to keep you as a customer. This is often possible, but never advertised. Credit cards can be a wonderful convenience but they can also be destroyer of our future if we use them with complete unconcern. If you don’t want special rewards such as hotel rewards, gas rebate etc, if you expect to always pay your monthly bill in full your best choice can be a credit card with no annual fee and longer grace period.
Never transcend the credit limit on your credit card. Ideally keep your balance about 25 % of your credit limit.
If you have a good credit history, you are a valuable to negotiate with your credit company. Call them and ask about and ask about lowering your interest rate. Undoubtedly, they want to keep you as a customer. This is often possible, but never advertised.

]]> By: prlink.emorgan@cox.net http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-1524 prlink.emorgan@cox.net Wed, 02 Aug 2006 02:57:00 +0000 http://thebudgetingbabe.com/?p=15#comment-1524 Whoa- I have to put my two cents in! lol<br/>Credit consolidation leaves marks- people should know that. A great resource for all things credit is www.creditboards.com - <br/>Credit is like a muscle- use it or lose it. I too have no bad debt- but I believe firmly that credit is a tool that can help you become financially free much faster, because leverage is everything. It just takes knowing the difference between good debt and bad. Whoa- I have to put my two cents in! lol
Credit consolidation leaves marks- people should know that. A great resource for all things credit is http://www.creditboards.com –
Credit is like a muscle- use it or lose it. I too have no bad debt- but I believe firmly that credit is a tool that can help you become financially free much faster, because leverage is everything. It just takes knowing the difference between good debt and bad.

]]> By: Anonymous http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-1407 Anonymous Tue, 27 Jun 2006 19:59:00 +0000 http://thebudgetingbabe.com/?p=15#comment-1407 Credit scores are overated. My credit score is next to nothing yet I have in excess of one million in retirement at 35 years old. The only way to drive up your credit score is to borrow money. I learned a long time ago listening to Dave Ramsey on the radio (www.daveramsey.com) that the best way to build wealth is to forget the credit cards and borrowing money. To this day I've paid off over 30K in loans, and I own my house free and clear. <br/><br/>My family thinks I'm nuts because I have no debt and OH MY GOD "You don't have a car payment".. LOL As dave always says "Live like no one else, so later you can live like no one else". <br/><br/>Cancel the cards and get outta debt for good. Credit scores are overated. My credit score is next to nothing yet I have in excess of one million in retirement at 35 years old. The only way to drive up your credit score is to borrow money. I learned a long time ago listening to Dave Ramsey on the radio (www.daveramsey.com) that the best way to build wealth is to forget the credit cards and borrowing money. To this day I’ve paid off over 30K in loans, and I own my house free and clear.

My family thinks I’m nuts because I have no debt and OH MY GOD “You don’t have a car payment”.. LOL As dave always says “Live like no one else, so later you can live like no one else”.

Cancel the cards and get outta debt for good.

]]> By: Anonymous http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-1211 Anonymous Sat, 15 Apr 2006 05:04:00 +0000 http://thebudgetingbabe.com/?p=15#comment-1211 Hi, Thank you for having this info on the web. I enjoyed your post. If you may have any interest in <br/><a HREF="http://www.Debt1consolidation.com" REL="nofollow" rel="nofollow">debt consolidation</a> <a HREF="http://www.Debt1consolidation.com" REL="nofollow" rel="nofollow">student Loan consolidation</a><br/>then I know where you may get your solution. For your comfort, I have enclosed the link, so if needed you can visit the site. Thanks again for your lovely blog Hi, Thank you for having this info on the web. I enjoyed your post. If you may have any interest in
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]]> By: Krista Tower http://thebudgetingbabe.com/2004/12/04/credit-201/#comment-1074 Krista Tower Tue, 07 Mar 2006 01:22:00 +0000 http://thebudgetingbabe.com/?p=15#comment-1074 When it came time for me to start looking for a credit card (I only have one) I collected pre-screened applications for 3 months. Then I sat down and threw away anything with variable interests, minimum finance fees and other anonymous or non-specific fees. Then I looked for the lowest interest rate. I ended up with a 7.9% APR and Zero interest for a whole year. Of course I hardly ever use it and when I do I pay it off as soon as I get the bill. But if your looking to save extra pennies to pay off the bills you have, you can find them easily. This is how I save for slightly larger purchases. First I designate a cute little jar labeled "Spare Change", and I well, put every bit of change I come accross in the jar. Next, I start rounding up in my check book. I round all my purchases for checks I write and debit card purchases up to 25cents, 50cents, 75cents, and a dollar. Then when I get my statement each month the difference goes into the jar, usually about $10 a month. I use this to put towards a purchase I really want but wasn't budgeting for or you can use it to add a little extra to your credit card payments! When it came time for me to start looking for a credit card (I only have one) I collected pre-screened applications for 3 months. Then I sat down and threw away anything with variable interests, minimum finance fees and other anonymous or non-specific fees. Then I looked for the lowest interest rate. I ended up with a 7.9% APR and Zero interest for a whole year. Of course I hardly ever use it and when I do I pay it off as soon as I get the bill. But if your looking to save extra pennies to pay off the bills you have, you can find them easily. This is how I save for slightly larger purchases. First I designate a cute little jar labeled “Spare Change”, and I well, put every bit of change I come accross in the jar. Next, I start rounding up in my check book. I round all my purchases for checks I write and debit card purchases up to 25cents, 50cents, 75cents, and a dollar. Then when I get my statement each month the difference goes into the jar, usually about $10 a month. I use this to put towards a purchase I really want but wasn’t budgeting for or you can use it to add a little extra to your credit card payments!

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