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How To Consolidate Debt

If you are in debt that is over your head, there may be some debt relief options for you.  Debt consolidation loans can be a great way to lower your interest rate and also lower the monthly payments on your debt obligations. Sometimes it can be your savior and the best way for you to avoid bankruptcy.  It can be a vehicle for getting out of debt if done right.  Here are some tips you need to know on how to consolidate your debt.

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How Credit Cards Work: Understanding Credit Cards

A credit card is essentially a loan from a bank that can be taken out at any time during your discretion.  When you use credit, you are effectively taking out a loan against the issuer of the credit card.  Therefore, you have an obligation to pay that debt.  A credit card issuer will impose a credit limit on you according to your credit score and credit history.  Those with a bad credit score will usually have a low credit limit as well as those without a credit history.  This is because there is always an inherent risk in loaning someone money.

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Difference Between HARP and HAMP

There are two government programs that homeowners qualify for; HAMP and HARP (Home Affordability Modification Program and Home Affordability Refinance Program).  But many people are confused which program they qualify for.  This article will hopefully clear up some things for you so you can get a better understanding as to which program you qualify for.  The following details the difference between the HAMP and the HARP programs.

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Home Loan Modification: How to Modify Your Mortgage

This is a home loan modification guide that I put together after my successful loan modification for my parents.  Although many banks may vary in their processes, they have to follow a general guideline set out by the federal government.  Here are the steps that you need to take in order to increase your chances of a home loan modification.

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Loan Modification Contacts

These are the contacts I have gathered around the internet if you want to contact someone at your bank about a home loan modification.  I’ve tried to filter and verify all these but if the contact doesn’t work, go ahead and shoot me an e-mail at and I will try to find a better number.

More will come soon as I dig up more.

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