Kim asked:


go default on mortgage? We are going thru short sale/foreclosure situation and stopped paying mortgage for a month now. Would a car loan lender raise rates based on our mortgage default? Or is the loan rate fixed for the terms of the loan?

loans for people in foreclosure

penny asked:


We just got our 1st mortgage out of foreclosure and we need a loan to get caught up on 2nd – quick! We have a few pretty minor issues which are being taken care of. We had perfect credit for nearly 20 years until a few years ago. We filed bankruptcy in, I think, 2001.Hope this helps, credit guru!Also, we are self-employed and our income is very good now.

Website content

crisis asked:


So I was watching a special on foreclosures yesterday and…I came to the conclusion that a lot of these people really deserve it. Aside from the obvious that they took a crappy loan, I noticed that many of these people have some really nice stuff in their house. (They were being interviewed in their houses.)
Although, I can only assume that their compulsions for consumption got the better of them and that’s also another reason they are in debt.
Anyway, most have 40″ LCD TV’s, antiques, PDA’s, video games, instruments, A huge library of DVD’s…etc. Sell your stuff on ebay, craigslist or to a pawnshop. I know that if I was underemployed or unemployed and I had fallen back on those payments I’d start selling everything little thing in my house. It’s better to be in your existing credit debt than to lose a $400,000 house. It will take a long time to clear your credit from that!

Create a video blog…instantly.

Veronica S asked:


I am an entrepreneur myself and am looking for a small loan but my credit has been negatively affected due to problems I had paying my mortgage because of the adjustable rate. My home almost went into foreclosure but luckily, I fought with my bank and was able to have my loan modified – Thank God. Anyway I am just getting back on track. What ***** is that up until two years ago, my credit was awsome – now no one will even lend me a dollar. Is there an organization that helps entreprenuers in the US? It is based on good faith – you borrow money from individuals willing to sponsor you and lend you money and you pay it back within a certain amount of time.

Create a video blog