You can still get a house with no money down!
With the collapse of the subprime market, no-down-payment loans pretty much disappeared. But there’s always a way, it seems. The Federal Housing Administration (FHA) insures mortgages with as little …
Big lenders say they will make it easier to avoid foreclosure. But watch out for tax bite!
We’ve reported before about Project Hope, which is a non profit that was designed to help people threatened with foreclosure. It got a lot of PR when it started, but has helped relatively few people. …
For some people, self-help groups focusing on debt may be good way to get it under control.
A recent Wall Street Journal article interviewed people who had used self-help groups to help them get their debt under control. As one person (who recovered from $25,000 in credit card debt and arrears …
Arbitration on credit card disputes called a “scam.”
Your credit card agreement probably contains an arbitration clause forcing you to take any disputes to arbitration before going to court. It sounds like a good idea, but as CNN reports consumers lose almost 100% …
Your hospital debt may be auctioned off.
Hospitals are getting more aggressive about collecting debt. First they tried sending their debts to collection agencies. Then some tried actually suing debtors. Now they are taking debt that they cannot collect and …
Another way to cash in equity in your house.
Reverse mortgages are becoming more and more popular as seniors move to cash in some of the equity in their houses without moving out. This demand has spurred the financial people to create …