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Frequently Asked Credit Questions

Money Market vulnerablity
By: Gordon | 30-09-2008
I am 85 years old with a small amount of savings in Money Market. I am old enough to remember the crash of 1929 and fear that our present financial problem could turn out to be similar to "29". Are money market funds vulnerable and do they have any insurance?

My husband have credit cards in my name i didnt ...
By: Gloria | 30-09-2008
My husband have credit cards in my name i  didnt know about.We are still together what can i do about it.

Mortgage
By: dennis2467 | 29-09-2008
i owe 180,000 on my mortgage and the value has fallen to 150,000. no one will refinance me. the rate is adjustable. i am also 3 months behind. anyone have any idea where to start?

Vending machine locator / arlington, texas
By: Glenda | 29-09-2008
vending machine locator / arlington, texas

After a sherriffs sale how time before you leave ...
By: chico | 29-09-2008
after a sherriffs sale how time before you  leave house

I am considering taking a job without retirement ...
By: shegal | 29-09-2008
I am considering taking a job without retirement benefits. The pay is great, but it does not offer benefits. What to do?

Debtcures.com
By: blackjack | 29-09-2008
debtcures.com        Should I call now and ask to get my interest rates lowered or wait to see how this Goverment bailout goes?

Reality of Life - Divorce+Financial Stress+Daughter+Relocation+Current Foreclosure= Decision?
By: delarson | 29-09-2008
Hello, I'm currently in the foreclosure status. My foreclosure date is Jan. 24th, 2009. I'm considering going through with it, BUT! Here are my variables that impact my decision greatly. I've gone through divorce and was put on my back financially. I also lost my job due to the economy and was working part time jobs in between the current position I have. My new position is very stable and I make good money. However, I had to make a decision not to pay my mortgage as I couldn't afford it since Dec. 08. I'm behind on payments for my first mortgage of $142K. I also had a second mortgage of approximately $36K. I took out an interest only loan, 5 year arm in May '06. I had to do this so I could be near my daughter even though it was not the town I wanted to move to after our divorce. And, it was the only way I could make the payment work for me. The property is 100% LTV. Currently, the second mortgage has been covered by insurance from the 2nd mort lender. Citimortgage is my 1st mortgage. The market is terrible right now and I'm probably upside down by $20K or $158K for the townhome. I purchased it at $178K. Here is my question; I have no equity in the home, it's on a 5yr arm, interest only, AND I filed Chp 7 last October ('07). I also don't like where I live and have come a long way to make things work for me professionally and financially to get back on my feet. "Is it even worth it stay in my home, or should I take the foreclosure hit and move on"? To me, it makes no sense to keep the home. Plus, even if I could redo the loan and stop the foreclosure, my interest rate will probably be very high due to my current credit rating of about 540. "What would you do in my situation"? I'm a very educated professional who has a great business degree, I'm 35, and have a 5 1/2 year old daughter. I know how to manage my money, but you can't stop the devastating things that happened to me after my divorce. Concerned about the future implications of my purchasing power after foreclosure, Derek L

Can I make partial parments on my house to avoid foreclosure?
By: Elisa | 29-09-2008
My house is currenlty on the market and I have kept up with montly payments, but I don't know how much longer I can do this. What should I do? Can I make partial payments and avoid eviction? How will this affect the foreclosure process? HELP!! I am desperate and want to sell just for the amount of the loan.

Worthless Stock Loans
By: lastreefsailor | 28-09-2008
If My "Several Loans are secured by Stock, (and Yes, I will loose the 20% =/- of original equity investment), and said stock is now worthless, or at the very least, trading below all reasonable levels of ever becoming profitable, why am I still paying debt service on the Loans which are now functionally in default? And, Yes, I remember the Grandfatherly Advice about honor and personal responsibility, however, the actions of late seem to defy all such nobel guidence, (no, I do not yet have a letter from the bank yet, seeking additional collateral, which is all well and good, since i have none left to provide).

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