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Monthly Archive for September, 2010

Dodging the CARD Act: New Credit Cards May Deceive Consumers

Published by Gina Pogol on September 15, 2010 in Credit Score . 0 Comments

New credit card offers that show up in your mailbox may look like your old ones, but they may be different. And if you don't know what you're getting into, credit problems could be the result. The new cards are called "professional cards," and they aren't covered under the Credit Card Accountability and Responsibility ...

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Hard Money More Popular as Bad Credit Mortgages Tougher to Find

Published by Gina Pogol on September 15, 2010 in New Home Loan . 3 Comments

Found the deal of a lifetime, but can't finance it? There are a lot of real estate bargains on the market in some locations. Foreclosure sales, real estate owned by lenders, and short sales clutter up the property listings in distressed parts of the country. While ferreting out a killer bargain isn't easy, it can ...

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Does Filing Bankruptcy Stop Mortgage Foreclosure?

Published by Gina Pogol on September 09, 2010 in Foreclosure . 1 Comments

You missed a few mortgage payments and now you've received a Notice of Default or Notice of Acceleration of Mortgage. Disaster! You'd been talking to your lender about a mortgage modification or forbearance. Or you just started a new job and were optimistic about turning things around -- until that notice showed up. Is there ...

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Living in a Hardest Hit State? There May Be Help for You

Published by Gina Pogol on September 08, 2010 in Foreclosure . 0 Comments

In March, the Treasury cleared Housing Finance Agencies (HFAs) of five states where house prices dropped at least 20% from the peak to submit proposals to use funds from the Troubled Asset Relief Program (TARP) to help their homeowners. These states are Arizona, California, Florida, Michigan and Nevada. It's been six ...

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The Truth About Deficiency Judgments and Foreclosure

Published by Gina Pogol on September 08, 2010 in Foreclosure . 0 Comments

Enquiring minds want to know: if the bank takes back my house, can it also empty my bank accounts? If I walk away from my home loan, will a lender come running after me? Opinions on the Web vary widely, probably depending on whose axe the writer is grinding. Pro-lender bloggers say that walking away ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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Recent Comments

  • Gina Pogol: Yes there is. Check any updates you get in the mail from your card issuer, and look for changes like new fee policies....
  • Gina Pogol: Ye, we heard the phrase "skin in the game" more times than we could count (although one journalist made a valiant...
  • Gina Pogol: FHA allows you to qualify for a mortgage 2 years after a bankruptcy discharge. Keep in mind though that you must...
  • Gina Pogol: Rachel, it's not that hard and fast--paying the smaller ones and letting the larger ones go--for example, always pay...
  • Gina Pogol: Alan, thanks for the question. When referring to the $7,500, we are talking about Federal income tax, not property tax....