Home owners that foreclosed, walked away or defaulted on a previous mortgage are finding it hard to get financing now that the housing market seems to be turning around. They shouldn't be surprised. Their activity stays on their financial records and often impacts FICO scores, which is the gauge lenders use to determine lend-ability. That's why it's key to always live below your means and have emergency savings.
More - Mortgage Relief Program
The mission of the Debt Guys is to help each person become Money Conscious resulting in eliminating their debt, living a debt free life and empowering them to achieve financial success by virtue of the universal principles discovered by us through our own financial mistakes, victories and professional training.
Showing posts with label emergency savings. Show all posts
Showing posts with label emergency savings. Show all posts
Monday, October 21, 2013
Foreclosing or Walking Away from Your Home Has Consequences
Labels:
banks,
cash is king,
credit,
credit cards,
credit rating,
emergency savings,
FICO score,
interest rates,
lenders,
lending,
living below your means,
mortgages,
real estate
Location:
Denver, CO 80220, USA
Friday, October 11, 2013
Managing Your Personal Finances During Ceiling Negotiations
We can all be proactive and mitigate our risks of being impacted by the debt ceiling crisis. Pay off credit cards, have emergency savings, have a budget and be money conscious.
Labels:
be money conscious,
budgeting,
cash is king,
credit,
credit cards,
debt,
debt ceiling negotiations,
debt crisis,
emergency savings,
financial planning,
have a budget,
savings
Location:
Denver, CO 80220, USA
Thursday, October 10, 2013
Jobless Claims Increase
Jobless claims are up 66,000 to 374,000 through October 5th. Looking at the market, you wouldn't know this was a bad thing. Wall Street is more concerned about E Capitol St. NE.
Labels:
being money conscious,
budgeting,
debt free,
debt free principles,
economy,
emergency savings,
investing,
jobless claims,
jobs,
layoffs,
saving,
stock market,
unemployment
Location:
Denver, CO 80220, USA
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