You Save Money When You Increase Your Credit Score

Creditors use your credit score to decide if they want to lend you money and what interest rate they will charge you. People with higher credit scores get lower interest rates for their loans, and lower interest rates mean big savings. Let’s suppose that Jennifer has a credit score of 625. She can probably get a mortgage with this credit score, but she will have a higher interest rate. If Jennifer’s interest rate on a $100,000 mortgage is 5.62%, she will pay $575 a month and she will pay a total of more than $207,000 for her mortgage. If Jennifer...

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Using Chapter 13 Bankruptcy in Oneonta to Avoid Foreclosure

Are you looking for a viable way to save your home from foreclosure? If so, you should seriously consider filing Chapter 13 Bankruptcy in Oneonta. Although people who are facing this same challenge do turn to other methods, according to a study involving 300,000 participants completed by Princeton University and the Social Security Administration, Chapter 13 Bankruptcy is the most successful option. You will quickly discover that mortgage companies are simply not interested when you turn to out-of-state programs for assistance. The biggest problem is that these and similar programs have no accountability, and as such, mortgage companies are...

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Learning the Steps of Filing Bankruptcy in Oneonta

“Where Do I Begin?” As with most clients, you probably have a lot of questions about how the bankruptcy filing process works. Because the process is so long and involved, our clients find that the initial 15 minute phone consultation with one of our Oneonta bankruptcy attorneys is usually one of the most important calls they’ve ever made. Although we will need to meet with you in person for about two hours at some point, the first phone call allows us to gain basic information to determine if filing bankruptcy is the right course of action. Because this is a very...

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Alternatives to Bankruptcy: A Second Mortgage or Retirement Funds

Wasting retirement funding or putting a home at risk in order to avoid bankruptcy is an all too common occurrence and something you want to avoid at all costs. If you are having major financial problems, it is important to know that you have other viable options.   With an Oneonta bankruptcy lawyer, all of your retirement funds can be protected. Using retirement funds to pay off creditors will result in a significant tax penalty. In addition, you could ultimately owe taxes that cannot be discharged in a bankruptcy.   Obviously, retirement funds are just that, monies set aside for...

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Can you answer YES to any of these questions?

Are you being burdened with any of these scenarios? Can you answer YES to any of these questions? If you answer yes to any of these questions then we can help! Are collection agencies constantly harassing you? Is your mailbox full of overdue notices? Are you using one credit card to pay off another? Has your vehicle been repossessed? Has someone sued you and won? Did your “ex” leave you with all of the bills and only half the household income? Are your total bills as much as you make in a year? Were you laid off from your job...

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