Housing Counseling Agencies
For advice on buying a home, renting an apartment or home, defaults, home foreclosure, or reverse mortgages, the US Department of Housing and Urban Development (HUD) sponsors certain housing counseling agencies throughout the country. A housing agency or housing counselor is able to provide you with low cost or free advice on just about anything related to housing credit or home debt issues. Continue Reading...
9 Questions to Ask a Credit Counselor
When you need to get on a Debt Management Plan, you may need to have a credit counselor help you through the process. Selecting a credit counselor can be a difficult process, but the Federal Trade Commission has a list of important questions to ask a Credit Counselor to make the selection process easier for you. Continue Reading
Debt Management Plans
A Debt Management Plan (commonly referred to as a DMP) can be a solution for people who are heavily in debt. Typically, people who use a Debt Management Plan to eliminate their debt load typically have debts such as credit card debt, personal loan repayments, and bank over drafts, known as unsecured debts. This is opposite of secured debts such as mortgages, car loans, rent and other priority costs that don’t qualify for monthly payment reductions. According Continue Reading