The Obama administration’s flagship effort to help people in danger of losing their homes is falling flat. More than a third of the 1.24 million borrowers who have enrolled in the $75 billion mortgage modification program have dropped out. That exceeds the number of people who have managed to have their loan payments reduced to [...]
Debt solutions Articles
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Credit Score Secrets
Ever wonder how that magical number – The Credit Score – is computed? Whether you’re obsessing over your FICO score or your Beacon score, you’re likely shopping for credit. The FICO score was developed by Fair Isaac & Co., which began credit scoring in the late 1950s. The point of the score is consolidate your [...]
Business Loan Terms
Accounts Receivable Financing – A loan gained by borrowing against receivables. Loans are paid down as receivables are collected. Annual Fee – The amount charged by the lender each year to cover the administrative costs of the loan. Business Credit Card – An amount of money, which a business can borrow against at times it [...]
Debt Solutions
With the ever-rising costs of living, debts are something that piles up in our lives that are a major cause of stress. We often find ourselves in a quagmire of financial crisis when we try to extend our credit for the next month just to find out that we are again facing the same problem [...]