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Showing posts from September, 2008

Personal Loans After Bankruptcy - How to Get Them

Have you already gone through a bankruptcy and you are in need of some financing? You have probably found that it is difficult to get the financing you need for anything because of your bankruptcy. The worst is personal loans after bankruptcy because they are difficult to begin with. However, there is a way and here it is. First, you need to know what you are dealing with. If you have recently had your bankruptcy discharged, then you are probably only going to have one choice and that will be a payday loan. If it has been a couple of years, then you have a couple of other options. You can get a bit more creative the longer it has been since your bankruptcy was discharge. So for those of you that have just had a discharged bankruptcy you can get between $100 and $1,500 from your local cash advance store or online from a payday lender or cash advance lender. This is your only option other than selling something or a pawn shop. You should know that these types of loans are very short ter

Benefits of a Loan Modification

The Benefits of a Loan Modification can be summed up in two words: Stop Foreclosure. A loan modification gives a distressed homeowner the chance to start fresh with the same lender by changing the terms of the current loan to an affordable and sustainable monthly payment. The goal is to keep the borrower in the home and avoid foreclosure, a costly process for banks. The housing market and our economy are reeling, in part due to the large number of foreclosures already on the market, with another 2 million foreclosures on the horizon. The government has even stepped in and is encouraging lenders to offer a Loan Modification as an option whenever possible. The benefits of a loan modification can be substantial-if the borrower knows what to ask from their lender. The most beneficial loan modification is what that offers a long term solution in the form of low, fixed payments the homeowner can afford now and in the future. The homeowner should be prepared to submit a complete and accurate