The term CD stands for Certificate of Deposit. A CD is simply a short- to medium-length investment. They are FDIC insured and are available for purchase at banks, credit unions, and savings and loans. CD’s are a good way for some consumers to get higher interest rates on their money, but...
Filing for bankruptcy is a scary and challenging thing. There are many laws that you must follow exactly in order to correctly file your bankruptcy, not to mention understanding each of the separate types of bankruptcy you can file. For someone that does not have any experience with filing legal...
Most of us cant afford to buy our new home outright, so we save up a down payment and then work out an arrangement to finance the balance. This arrangement is called a mortgage. You agree to pay a set amount and use the house as collateral. If you miss a certain number of payments, the bank has...
Wire transfers are more common than you may think. The name “wire transfer” can be misleading in this day and age. At one time, they meant transactions that were conducted through such services as Western Union, but not anymore. Today, wire transfers take place all the time, whether...
Credit is one of the things in life that can put a great deal of stress into an otherwise okay world. Credit imposes a rating on us that defines who we are. If our credit is flawed with late payments or even bankruptcy, we are treated different than if we have good credit. Good credit ratings...
When you face repossession of your home or your car, you may need to declare bankruptcy to save them. If creditors have a valid lien or mortgage on either your vehicle or you real estate filing bankruptcy will temporarily stop any repossession process.
If you have already had your car or...
Remember you would not buy the first house that was offered to you, so why go with the only mortgage that is offered to you. Ask for more than one good faith quotes. See what options different lenders will give you. Be sure to ask the lender to not pull your credit report, but to give you a good...
Home mortgage insurance is coverage that protects your lender should you default, or fail to make payments, on your home loan. This insurance also helps lower the down payment for your new home. Traditionally, a down payment should be about 20% of the home price. Home buyers who cant afford this...
What Is A Bank Foreclosure And What To Do About It?
Banks are in lending money business and not in real estate business and the last thing they want is to end up owning another piece of real estate. Knowledge is one of your greatest allies in a bank foreclosure proceeding.
When you...
How to Restore Your Credit Rating
Often a persons credit rating has been destroyed due to no intention on their part. It was not planned that way it just happened. I got carried away with a credit card so to speak and it just overwhelmed me is a common refrain. Once into debt it is often...
Thinking of consolidating your way back to financial stability? Your first step should be to look for the right debt consolidation company.
If you want to get your finances straight and be back in the stable financial path through debt consolidation, it is very important that you choose...
The financial services branch of the financial markets is in bloom at the moment because individuals are beginning to realise that there are more threats to the happiness and well being of individuals in society today than there ever has been. The constantly changing nature of the worlds markets...