Blog Posts in July, 2011
Posted on Jul 28, 2011 By Jacoby & Jacoby
According to a report by the American Bankruptcy Institute, U.S. consumer bankruptcies have fallen 8% in the first half of 2011, as compared to the same time period in 2010. Last year, bankruptcy ...
Continue reading "Bankruptcy Filings Down in First Half of 2011" »
Posted on Jul 25, 2011 By Jacoby & Jacoby
Most consumers are relatively familiar with the concept of overdraft protection, and many have experienced firsthand the fees that may be incurred when one spends more than is in their checking ...
Continue reading "Why even bother with overdraft protection?" »
Posted on Jul 21, 2011 By Jacoby & Jacoby
It has become increasingly evident that a borrower's FICO score is one of the most important issues to be considered by financial institutions that underwrite mortgages. One's FICO score, or ...
Continue reading "Credit Scores and Mortgage Loans" »
Posted on Jul 18, 2011 By Jacoby & Jacoby
Medical debt presents may present a particular problem for consumers. This type of debt is significantly different than other types of debt that a consumer may need to deal with, such as credit card ...
Continue reading "Unpaid Medical Bills and Your Credit Score" »
Posted on Jul 14, 2011 By Jacoby & Jacoby
At the beginning of March 2011, Experian released interesting data regarding credit card spending over the 2010-2011 holiday season. Though the average debt on credit cards decreased by 4% compared ...
Continue reading "Brief Analysis of Credit Card Spending Over the 2010-2011 Holiday Season" »
Posted on Jul 11, 2011 By Jacoby & Jacoby
Has your application for a loan modification been denied or delayed by your lender? It's an unfortunate reality that some homeowners desperately in need of a modification have found themselves ...
Continue reading "Denied and Delayed Loan Modification Applications" »
Posted on Jul 8, 2011 By Jacoby & Jacoby
If you are having trouble keeping up with your mortgage payments, whether due to job loss, an adjustable rate mortgage or other issue, you may be offered a reinstatement plan by the bank. Should you ...
Continue reading "Deciding Whether to Accept a Lender's Offer" »
Posted on Jul 6, 2011 By Jacoby & Jacoby
It can be difficult to immediately know whether a loan modification is right for you. Fortunately, there is a wealth of information available on the internet as well as from professionals in your ...
Continue reading "Helpful Advice about Loan Modifications" »
Posted on Jul 4, 2011 By Jacoby & Jacoby
One of the requirements for most loan modifications is a written explanation of what event or events have caused or will cause the borrower to fall behind on his or her mortgage payments. This ...
Continue reading "Hardship Letters - Applying for a Loan Modification" »