While investigating loan modifications, odds are you will find all sorts of information on the Internet (whether on company websites, blogs, news sites or other sources) that give you all sorts of information. Some of that information may be contradictory. While it’s all well and good for different companies to produce different viewpoints, you probably … Read more
Up until a few months ago, lenders were not modifying loans for home owners that were on time with there payments. So if you have been considering to miss a few mortgage payments to encourage your lender to modify your loan, you may want to re-consider. Normally lenders would only grant loan modifications to home … Read more
Federal Trade Commission (FTC) Chairman Jon Leibowitz was recently joined by California Attorney General Jerry Brown to announce the initiation of “Operation Loan Lies”, a coordinated national law enforcement effort to crack down on mortgage loan modification scams. The operation has already filed 189 actions by 25 federal and state agencies against fraudulent loan shops that … Read more
If a debtor feels that he/she is having a hard time making repayments or is heading towards bankruptcy then that debtor must seek IVA debt free advice. IVA or Individual Voluntary Arrangement helps the debtors and his/her creditors towards settlement of financial issues. IN UK, IVA was designed by the insolvency act 1986 and is … Read more
An electronic funds transfer or EFT, is a system for transferring money from one bank to another electronically. Transferring funds electronically has become commonplace and widespread since the arrival of personal computers, improved cryptography and the internet. Direct deposit is the most common electronic funds transfer method that there is. It is used by … Read more