Your credit score is very important. A credit score helps banks and other lenders determine whether you can borrow money to buy a house or a car, and, what interest rate you get when you borrow money. One percentage point difference on a mortgage for
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Archives for General legal topics
What to do if You are Served with Foreclosure Papers- Is all Hope Lost? No!
If your mortgage has been in foreclosure recently, no doubt you have heard of programs such as MHA (Making Home Affordable), HAMP, HARP, (Home Affordable Modification or Refinance Programs) and others in the alphabet soup of programs that the Federal government created in response to
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Money Management Tips for Business Owners
Every business owner, from the “Mom & Pop” restaurant to the Franchise Owner has to wear many “hats”. The most important “hat” to wear is that of the Chief Financial Officer. Even if you are just a sole proprietor, you have to keep your finances
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Credit Unions- Angels or Devils?
For many people, their local credit union is their savior. People can join credit unions because of where they work, or if they served in the U.S. Military, or for other reasons. Credit Unions offer many advantages, such as lower interest rates, and personal service.
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An Inspiring Story: Homeless to Hopeful, and Financially Stable
So many people are living paycheck-to-paycheck, it is easy to just make a generalization that it is just plain expensive to make ends meet and to live and support a family. If you are living paycheck-to-paycheck, you might as well just throw up your hands,
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Women and Money– Don’t be Left in the Dark!
A large percentage of my clients are single women. And, many of the women have very little knowledge about their own finances. There are many reasons for their lack of knowledge. Sometimes, if they were married before, their husband “took care of” all the finances.
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Is it Morally Wrong to File for Bankruptcy Protection?
When people are thinking of bankruptcy, most often, they have tried everything else. They tried to consolidate bills; they tried to call their creditors to work out a payment plan. They borrowed all they could from their friends and family. They withdrew all of their
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What is an “In Rem” Judgment of Foreclosure?
In the last few years, as the volume of foreclosures has slowed in Illinois, the foreclosure courts have been processing the cases faster. Foreclosure cases that used to take one to two years have been speeding through the court at a more regular speed of
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Here’s One Easy New Years’ Resolution for your Money
I could give you many lists of things to do with your money in the New Year. I could also rattle off lists of different ways to track your spending. Those are all great, wonderful ways to get a handle on your financial life. You
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What to do to help Your Credit Score After Bankruptcy- Send Your Discharge Order to the 3 Major Credit Bureaus.
For so many years, you’ve been working to keep your credit score high. If you end up having to file for bankruptcy protection, there are ways to help increase your score, and to have the credit report accurately reflect the bankruptcy. Why would you want
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