Archive for the ‘Loans’ Category

AVOIDING THE PAYDAY LOAN/TITLE PAWN TRAP

Unfortunately, many lower income consumers lack any type of savings or reserve to address an unforeseen expense or temporary reduction in come.  An auto repair of $400 can be an intimidating obstacle to someone who does not have any money …

COSIGNERS AND BANKRUPTCY: WHAT YOU AND YOUR BANKRUPTCY ATTORNEY NEED TO KNOW

As part of the bankruptcy consultation process, bankruptcy attorneys will want to review all of your creditor information.  This will include any debts that you may want to keep, such as a house loan or car loan.  A consumer will …

AUTOMOBILE TITLE PAWNS AND BANKRUPTCY

Title pawns have become an ever-growing percentage of consumer debt, as they are marketed as a short-term “quick fix” to a budget deficit.  Presumably, these loans will allow the consumer to bridge the gap until payday, at which time the …

Personal Internet Loans: Convenience vs. Consequences

Internet lending is very commonplace nowadays, as many mortgage and auto lenders may rely substantially on information submitted via the internet to process loan applications.  This reduces the amount of face-to-face time which may be necessary to close the loan, …

Loan Modifications and Short Sales: The Hidden Costs

Bankruptcy is often used as a method of foreclosure prevention, especially in Georgia where the foreclosure process is expedited compared to other states.  However, over the last few years, more lenders have been willing to negotiate the terms of mortgage …

Mortgage Loan Modification Update

Previous blogs have discussed the mortgage modification options that are available to distressed homeowners, and the steps necessary to successfully accomplish a mortgage loan modification.  Unfortunately, there appeared to be little incentive for the mortgage companies to allow for permanent …

Beware of mortgage loan modification scams!

Click Here to Read More.…

Do’s and Don’t’s in Dealing with a Collection Agency

Even the most vigilant, conscientious consumers may have to deal with a collection agency at some point.  It could be because a bill was overlooked at some point.  It may be because the consumer disputed the debt, and refused to …

The Truth About Rapid Refunds: Refund Anticipation Loans May Not be Worth the Risk

Refund Anticipation Loans or “RAL’s” were originally marketed as “rapid refunds”, with the goal of expediting the receipt of income tax refunds for tax filers.  What many filers believed was a refund was actually a loan made directly to the …

WHAT YOU SHOULD KNOW BEFORE YOU EVER COSIGN A LOAN

Our firm routinely meets with prospective clients who have encountered financial trouble after “cosigning” or “guaranteeing” a loan for a family member or friend that went into default.  Many times they misunderstood the extent of their liability at the time …

Page 1 of 212»