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FINANCIAL EDUCATION

Oct 27, 2020 3:00:00 AM Bad Credit, Debt, Budget

How to Avoid Foreclosure

When we save and scrape for years to finally attain our homes, the last thing on our minds is the potential of foreclosure. But unforeseen circumstances and crises, like a sudden emergency or a job loss, can put many homeowners at risk. This is particularly true if the home you purchased came with large mortgage payments that stretch your budget to its breaking point each month.

If you’re facing a foreclosure, you should address it right away. Ignoring the problem won’t make it any better. And by taking the proper steps, you may be able to avoid foreclosure altogether. It’s important to keep in mind that specific rules will vary depending on the state and jurisdiction. But here are some things to consider when you are hoping to avoid foreclosure:

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Feb 25, 2020 3:00:00 AM Bad Credit

How Long Does Bankruptcy Stay on Your Credit Report?

When we were young, no one ever really taught us about tricky financial situations like credit card debt, owing money to the IRS at tax time, or going through bankruptcy. Unfortunately, many of us have had to learn these lessons the hard way. Interest on loans and credit card bills can sneak up on the best of us. But the good news is that you’re not on your own anymore; there are resources available to help.

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