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Colorado Man Goes to Prison for Lying on Loan Application

30. April 2010

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Seems like no big deal, doesn’t it?  What harm could there be in lying on a loan application?  While the story below does seem pretty severe, if a lender finds out that you lied on a loan application, there will be consequences.  You could lose your loan or be sued for the amount of the [...]

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What to do if You Can’t Make Your Mortgage Payment

30. April 2010

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The Federal Trade Commission has some helpful tips if you feel like you’re on the verge of being unable to make the payments on your home: Know Your Mortgage Do you know what kind of mortgage you have? Do you know whether your payments are going to increase? If you can’t tell by reading the [...]

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States Consider Ban on Employee Credit Checks

8. March 2010

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Tough economic times have a way of compounding problems. What happens when the unemployed can no longer pay all of their bills?  Unfortunately, a debtor’s story of woe is probably not going to be enough to keep a creditor from reporting late payments or an account in default.  When that happens, finding a job with [...]

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Colorado Attorney General Sues Credit Repair Company

23. February 2010

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It’s bad enough to reach the end of your rope in dealing with your debt.  You don’t need to feel like you’re going to be pillaged by someone who tells you they can help.  So called “credit repair” companies seem to do more harm than good.  In my experience, they’re no better than negotiating a [...]

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What Happens When a Creditor Makes a False Credit Report?

15. February 2010

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