Article by Jeffrey D. Larkin It is the exception rather than the rule that a person financing a vehicle owes less than or equal to the cars value. Unless you put at least 20% down, chances are you are upside down. Bankruptcy not only can eliminate unsecured debts like credit cards, it can also drastically [...]

As far as debt is concerned, one of the biggest advantages that homeowners have over non-homeowners is that they can go in for a debt consolidation mortgage loan. A home makes an excellent, if slightly risky, resource for obtaining a low interest loan.Debt consolidation mortgage loans work by allowing homeowners the luxury of refinancing their [...]

1. 90 days You can owe up to three months without going into default. However, since the first day that falls into default the bank will claim the late fee and may complain to the judge but your house payment or total debt. 2. Negotiation The Bank will seek to exhaust all possibilities before falling [...]