Kevin Trudeau Debt Cures Book

Debt Cures

If you spend any amount of time watching late night TV, you've come across one of Kevin Trudeau's infomericals where he sells his weight loss cures, natural cures and now his "Debt Cures."  Since the average American has 9 credit cards and $17,000 in credit card debt, a book about magically making your debt disappear will appeal to most of us. 

Unfortunatley, the merits of this book are severely discounted before you crack open the book because Trudeau has a criminal past.  He has scammed people before.  If you take a few minutes to read some of the comments on Amazon, you will see that this is mainly what people are focusing on. 

I have read the book and think it does provide some useful information in it.  It does have some tips and techniques that you may have heard of before.  And if you read most personal finance books and get out of debt books, you will see the same thing.  There are not too many secrets to getting out of debt that someone has not told us. 

You know how to reduce credit card debt - spend less than you earn, pay 2 to 3 to 4 times more than the minimum due on your credit cards, nag your credit card companies about giving you the best interest rates, call to have any fees waived, etc. 

In that regard, Debt Cures does not provide any new and groundbreaking information. 

On the infomerical, Trudeau also talks a lot about free money from the government.  Yes, there is free money available that you never have to pay back however it is not usually given to you so you can pay your bills.  You have to do something with the money like help children learn to read or start a business in a rural area. 

Oh and the two magic words - identity theft.  It is the fastest growing crime in America so yes, you do need to pay attention to it and check your credit report often to make sure you do not become a victim. 

Overall, Debt Cures has some value.  With the average American $17,000 in credit card debt, one little tip that helps you can easily pay for the cost of the book.

Work With Lender To Stop Home Foreclosure

Contrary to what some people may believe, most lenders are willing to work with their customers to stop home foreclosure, as kicking people out of their home is not in their best interest. Taking possession of a home is expensive for lenders and most do not want to own a bunch of houses and the expense of repairs as well as sales in the future, despite many legal avenues to recoup all expenses. Lenders usually help homeowners in finding ways to stop home foreclosure, since they are not typically in the home management business.

Obviously, the quickest and best way to stop home foreclosure is to make sure all payments are made on time, according to the mortgage contract. Often times working with the lender will give the home buyer a chance to stop home foreclosure before it is too late, even when circumstances arise that prevent that from happening. Although the process can be halted up to the time the home goes on the auction block, the sooner it is stopped the cheaper and less traumatic it will be.

There are some people who appear to be waiting in the shadows to buy a home that is going through foreclosure, sometimes for their own but usually as an investment. They may seem like they are hoping to benefit from someone else's misery, but if they can buy a pre foreclosure home it may also stop home foreclosure for the benefit of the owner.

Legal Wrangling Not Always Best Defense

While it may be true that some lenders used unethical practices to help people obtain their home mortgage, blaming the lender is not always the best way to stop home foreclosure  proceedings. Working with the lender to make arrangements to get caught up on any past due payments while staying current on payments is probably the best way to stop home foreclosure.

However, this may not always be possible and, depending on the amount of equity in the home, obtaining a new mortgage may be an option. By rewriting the mortgage agreement, better rates and lower monthly payments may result and at the same time being able to the stop home foreclosure process.

Taking out a second loan to pay past due payments on the mortgage may stop home foreclosure proceedings in the short term, but there will now be two payments to make and two different lenders that can start the process in the future.

Contrary to what some people may believe, most lenders are willing to work with their customers to stop home foreclosure, as kicking people out of their home is not in their best interest...View more articles at www.foreclosures.jsgenterprises.com

Finding Home Loans after Bankruptcy: It's Hard but Can Be Done

Bankruptcy makes most people feel hopeless and helpless. Don't feel this way! Just because you have a bankruptcy in your report does not mean that you can't buy a home or property. Lenders and lending institutions encourage people to find ways to build credit by taking on a debt and that debt could be buying a new home. Of course the lending companies will look at your credit very closely and you would probably get a smaller loan than you would if you did not have bankruptcy on your credit report. You are considered a high risk borrower because of the bankruptcy. Attempting to raise your credit score after a bankruptcy, no matter how successful, is a step in the right direction so don't be discouraged.

Most people do not know how a bankruptcy can affect their credit rating. Bankruptcy can provide a way out for people who have serious financial troubles by setting them free from paying back some of their debts. Unless you back is against the wall, it's not a wise thing to do. A bankruptcy can affect your credit from 7 to 10 years. Any time somebody reads the bankruptcy on your credit report it will be like a red flag and you will be closely scrutinized. Be prepared for the highest interest rates for even a small purchase such as a car. Where a normal person would get a 5 or 6% interest-rate, a person with a bankruptcy could get an interest-rate as high as 10 to 15%.

How do you build your credit up and find a home loan after bankruptcy? First, you need to pay your bills on time. Paying bills on time will build your credit rating faster than any other method. You may want to acquire a secured credit card. Even though the money that you would be spending on the credit card is your own, you are still building credit. another method is getting a copy of your credit report. There are errors on credit reports too many times where it is reported you owe money when you don't.

When your financial direction is reliable, it is time to try to find a home loan. Make sure you have a steady income, enough money for a down payment, and at least two years of employment under your belt, and you have paid your bills on time. Although, some lenders may let you slide on one of these points, most look at all three when it comes time to grant that first mortgage. Even if you have a steady job and steady income you must prove to the lenders that you are steadfast in that job and will not change jobs or lose your job after the mortgage is granted. You may have to put a sizable down payment and pay a higher interest rate than the person who has a good credit history and no bankruptcy on their current report, but in the end if you use good credit practices, eventually you'll find someone to lend you money for a home.

Finding a reputable lender willing to loan a home's total value to someone just beginning the process of rebuilding their credit and with an on-again off-again employment situation, is a tall order and probably not a good idea for the would-be borrower. Post-bankruptcy borrowing should be undertaken at a slow pace and with an eye toward the future. With proof of responsible borrowing and spending, home ownership won't be far off.
And if necessary you can also search for guaranteed unsecured loans which can be another suitable loan alternative.

Finding a Foreclosure Property

The process by which a promise to repay a loan or debt secured by a deed of trust is enforced against real property is called foreclosure. Basically, the bank or other lender you went through for your mortgage can come forth and foreclose the home, meaning that it will be taken away from you and sold in order to pay off the debt you are owing, if you do not make your mortgage payments.

Obviously this is a horrible process, but then when the lender sells the home they will usually sell it for much less than what it is worth, because they want to make sure that it sells as quickly as possible.

Are you interested in finding a foreclosure property? A government foreclosure property that you are going to get for a deal? If you want the widest selection of foreclosure property options, you should know that there are some fantastic companies that you are going to want to check out for yourself.

Foreclosure Free Search

One of the best places you can go if you are looking for a foreclosure property is Foreclosure Free Search. This company allows you to search free for all the different foreclosure properties available in your area.

so even if you don’t have much computer experience and are searching for your first home, you will still be able to come out of it all with great results and end up with the perfect home for you, as their site is very easy to use.

Absolute Foreclosures

Another company worth checking out for a foreclosure property is the Absolute Foreclosures Company. This goes for all the states in the United States as they offer one of the largest foreclosure property selections in the world. You can find foreclosure properties in your area and for a great price, no matter where you live.

Tips

There are a few things that you want to keep in mind when you are buying a foreclosure home. You need to keep in mind the fact that there will often be other rates or fees involved, even though you may be getting it for a decreased price due to the fact that the seller wants to get rid of it as quickly as possible.

Speak to the seller to get as much information as possible and you really need to make sure that you read all of the fine print. Before you go ahead and sign any documents, you want to be totally clear on the situation.

Are you interested in finding a foreclosure property? If you want the widest selection of property options, know that there are some fantastic companies that you are going to want to check out for yourself...View more articles at www.foreclosures.jsgenterprises.com.

How Much Do You Know About Your Credit Report?

You perhaps know all too well that the information that is contained in your credit report is used by the finance and credit card companies when considering whether to extend you credit, but are you aware of exactly what information your personal credit report contains? Did you know for instance that the details which are contained in your credit report could affect whether or not you are able to purchase a new house or are going to need to continue to live in your current 'shoebox'?

A lot ofIn a lot of cases people think that if a lender looks at your credit report they are simply looking at your credit score and, although this is unquestionably one thing that they do look at, they are looking at a great deal more. Above all, lenders are looking to see the amount of debt you have in comparison to your income and even reasonably small accounts, such as those with a mail order company, will be treated as an income deduction when considering a loan application.

If a lender sees that you have got less money coming in than you have going out then your loan application will automatically be reject. Indeed, by law a specified percentage of your income must be available to meet loan payments before the lender is permitted to approve it, whatever the purpose of the loan.

Lenders are also looking at your credit history for the past seven years to see how you have managed any loans during that period. Specifically, they are looking to see if you have made payments on time and will take note of any payments that were more than thirty days late. It might not have seemed especially important to you at the time that you got into difficulty and were late making payments for a few months on one of your accounts, however any new lender is certainly going to take this into account when assessing the risk of lending to you now.

Lenders will also look to see if any of your accounts have run into debt during the last seven years and whether or not these debts have now been paid. If there are payments outstanding on a current agreement credit card companies and other lenders will be very wary about giving you additional credit before these are cleared.

Finally, your credit report will show whether you have filed for personal bankruptcy, usually within the previous ten years. A few people believe that a lender is much more likely to advance you credit if you have filed for bankruptcy because they enjoy the added protection of knowing that you are not permitted to file again for several years. However, this is not true and filing for personal bankruptcy is seen as a red flag by the finance and credit card companies showing that you have already demonstrated a tendency for getting yourself in over your head when managing your finances.

Your credit report is a very important document that you ought not only to understand but which you ought to review from time to time for your own protection and peace of mind. Fortunately, the law states that you must be provided with a copy of your personal credit report once every year if you request it and so the first thing you need to acquaint yourself with is how to obtain your free annual credit report. Having received your report you then have to study it carefully to make sure that it is accurate and then to ask for it to be amended if it is not. Also, there are certain instances in which you can request alterations to your credit report, even if it is accurate, and here you need to have the answers to hand for such questions as how can I remove a judgment from my credit report?

Mobile Home Foreclosure Leaves Banks On The Lot

Most mobile homes did not qualify for traditional mortgages when they were first being sold, as most lenders treated them much the same as vehicle sales. After all, a buyer who could not make their payments could hook them up to a truck and drive them away to avoid mobile home foreclosure. However, as more people began buying mobile homes and they became more a part of the landscape, lenders became more acceptable to providing financing and when a homeowner could not make their payments, mobile home foreclosure began as opposed to repossession as in auto loans.

Typically, the price of a mobile home is considerably less than a traditional home and during a mobile home foreclosure, the land on which it is located, is usually not included in the sale. This type of unique situation exists because the home can be bought and moved by a new owner and the land sold separately by the mortgage holder. Additionally, homes reclaimed during a mobile home foreclosure can be moved to a sales lot and sold as used and not necessarily by auction.

Loan Determines How Money Is Collected

Credit collection laws may vary slightly by state, but federal laws also govern the process of disposing of property confiscated in a mortgage foreclosure. With the homes being on wheels, moving them off the property may also reduce their value, especially if the new buyer is putting them into a mobile home community instead of on private land.

The mobile home foreclosure process, depending on the type of financing obtained by the original buyer, will be similar to the foreclosure process of a traditional home. The lender has to go to the local court and show that the borrower has not fulfilled their financial obligation and the only way for the lender to be repaid is to have the court sell the property on their behalf. The mobile home is put on the auction block and any money over what is owed on the home goes to the owner, once approved for sale.

The land and home may be sold together, if the home loan was granted in the form of a mortgage in partnership with the land on which it sits, despite being similar to repossession of a vehicle. Unless it is a part of the original loan with the value of the land included in the collateral for the purchase of the mobile home, in most instances of a mobile home foreclosure the land can be sold separately.

As more people began buying mobile homes, lenders became more acceptable to providing financing and when a homeowner cannot make their payments, mobile home foreclosure begins...View more articles at www.foreclosures.jsgenterprises.com.

How to Find Affordable Credit History Repair Services

Credit history repair is something that many people have to undertake. Due to the rising cost of living more and more people are unfortunately finding themself in the situation of having more debt than they can deal with. This can be because of increased use of credit cards, a drop in house values and being unable to meet mortgage payments and other reasons as well. The first step to credit history repair is to look into credit reporting agencies who will give you access to your credit history.

The three main credit reporting agencies are Experian, Transunion and Equifax. Financial agencies also work with these credit reporting services to gain access to the credit history of their clients. You are allowed to have access to one report from each service once per year. If you have been denied credit you are also allowed to ask for a report. There is generally a small charge to access your report, usually no more than $10.

The first step to evaluating your situation is to look thoroughly through your credit file. Check the name and social security number are correct so that you know the report is actually yours. It is not impossible that reports can be mixed up with people of similar names so you will want to ensure it really is yours.

Check out the credit report line by line to make sure there are no errors or discrepancies. If you see any changes that you do not recognize then investigate them. If there are several unrecognized charges then identity theft is a possibility or even unauthorised access to your credit card or accounts. Also keep a close look out on unauthorized credit checks.

To avoid further credit damage make sure you pay your bills on time so that this shows on your credit report. You should also minimize credit card balances and eliminate excess credit cards. There is no reason for a person to have more than two credit cards at any one time.

It is hard to access a loan with a bad credit history so therefore you must work to clear your history before applying for a loan. Credit repair services can assist you in achieving a positive credit rating again, but may charge you a pretty penny. What you need is to find is an affordable credit history repair service.

Get more tips about Credit History Repair  and the free eBook "5 Ways to Boost Your Credit 100 Points!"

Lawyers Are Not Always The Best Solution For Credit Building And Credit Repair

To read an updated version and for more information about debt settlement lawyers and bankruptcy lawyer attorney check out different types of lawyers.

First of all, lawyers often charge high fees to help individuals get out of debt. And then you also have credit repair clinics to assist individuals with debt relief, but only the absolute desperate would even consider these types of solutions. So, if this is not the solution for repairing credit, then what is? Many people that suffer from bad credit often wallow in a pond of self-pity believing there is no escape. Most people sit around waiting for the miracle that came to their neighbor’s door to hit their door. The fact is there are no miracles that happen when it comes to credit repair unless someone takes the first step to take care of the problem. We all suffer at times, and some of us more than others. It depends on the amount you owe, but for most of us getting out of debt is possible.

Let’s consider Bankruptcy Chapter 7. Chapter 7 Bankruptcy allows families and individuals to erase many of the debts owed to consumers. Chapter 7 of Bankruptcy usually takes care of medical bills, home mortgage, car payments, and credit card bills. The disadvantage with Chapter 7 of Bankruptcy is that you will have to give up some of your assets in most cases. Once you fill out the appropriate papers you will then go into an ‘automatic stay’ which stops all your creditors from contacting you.

Basically what this means is that the creditors cannot garnish money from your checks each month to apply toward the bills you owe. It also means that the creditors can not deduct money from your checking, savings, money market accounts and so on. You are also protected temporarily since the consumers are not allowed to discontinue your gas or electric.

The advantage of Chapter 7 Bankruptcy is that you have a degree of control over all assets and income that are available once the bankruptcy is in motion. There are debts that cannot be wiped out by filing Chapter 7 Bankruptcy. Those debts include child support payments, college tuition loans, criminal fines and costs, or other similar bills. The problem with filing bankruptcy is that new laws are coming that will make it more difficult for debtors to file. The new laws in motion are nearly prohibiting debtors from finding a solution.

Another form of bankruptcy that is available is the Chapter 13 Bankruptcy. Chapter 13 Bankruptcy means that the debtor keeps their assets while making lower monthly installments on their belongings. This is a good solution for building credit. If you missed car or home payments it is a solution to help you repair your credit. The downside with Chapter 13 is that if you miss payments the courts has the right to change your plans. If the courts see that the delay is only temporarily they may issue you a ‘grace period’ until you get back on track, otherwise you might get a ‘hardship discharge,’ which means that your debts are dismissed. The best solution then is finding a solution for the problem that won’t lead you into the courtrooms.

This is only a headache since you will have to make court meetings, be in someone else’s control, and so on. The first step to repairing your credit and building to a better future is put some taps on your spending habits. Setting up a budget plan is a great start to credit repair without hitting the courts. Before long the law is going to make it virtually impossible for anyone to go to bankruptcy court, so it is time to get started now. If you are not good at budgeting, there are Nonprofit Organizations that will help you set up a budget plan for little or no cost.

Remember you are not alone, and there are people out there willing to help you get back on your feet. If you don’t want to bother someone else with a budget plan you could also consider to purchase software programs that offer the tools for budgeting. Quicken and many other software programs have excellent spreadsheet programs, analyzing tools, and so on to get you on the road to budgeting your money in order to repair your credit.

Information is this article is for information purposes only. Always contact your lawyer if you need legal advice.

All About The Foreclosure Refinance

When it comes to being behind on the mortgage payment, there is nothing worse because your home is the biggest bill you have and the one that is probably the most important. So when you are not able to pay the mortgage company, you are probably not able to pay a lot of other companies.

You are probably getting collection calls left and right from people who want their money and they want it now and your credit has taken a huge hit. If you do not have the cash on hand to bring your account up to date, then a foreclosure refinance may be your best option.

A foreclosure refinance is where you get your loan refinanced while you are in the middle of a foreclosure process. Luckily, laws allow for homeowners to seek that option of foreclosure financing in order to help save their home. A foreclosure refinance is not going to be cheap though and there is probably going to be some up front money that will be needed to close the loan. Also keep in mind that your interest rates are not going to be all that great when doing a foreclosure refinance.

How To Get It Done

The best thing to do is to start calling around in order to see who can help you with a foreclosure refinance and what it is going to cost you out of pocket. Once that is said and done, make sure that you are comparing interest rates that are being offered to you. Keep in mind that because of the hits on your credit for non-payment, you are not going to be offered the best rates out there but you still can be careful with what you sign.  A foreclosure refinance does not mean that you have to be taken advantage of.

You need to make sure what time limit you have when you finally decide it is time to start looking for a foreclosure refinance. Depending on the state your home is in, is going to determine how much time you truly have. You have to make sure that you have that time to spare as a oreclosure refinance could take a little bit of time. You certainly do not want to go through all of this just to have the house taken away at a foreclosure sale and you went through all of that time and trouble for nothing.

If you do not have the cash ready to bring your mortgage up to speed, then a foreclosure refinance may be your best option. This is where you get your loan refinanced while you are in the middle of a foreclosure process...View more articles at www.foreclosures.jsgenterprises.com.