Archive for May, 2007

Credit during Crisis

Monday, May 14th, 2007

Whether it’s a personal dilemma, such as whether to change your job, a relationship, your address or a life challenge such as serious illness, unexpected unemployment, or death of a loved one, we make dozens of decisions everyday that can positively or negatively affect our credit history. Only after a traumatic event, which results [...]

Facing Foreclosure?

Thursday, May 3rd, 2007

A reported 35% increase in recent foreclosure fillings may be a result of many homeowners feeling the squeeze of increased payments as their adjustable mortgage rates went up. Hybrid ARMs with interest-only and/or flexible payments options have allowed many homeowners to keep payments unrealistically low while increasing their overall mortgage debt. Unpaid interest [...]