Archive for the 'Uncategorized' Category

How to get help from the Emergency Home Loan Program (EHLP)

Published by Gina Pogol on October 17, 2010 in Uncategorized . 5 Comments

So, you went through the criteria listed in the last post and determined that you qualify for help from the EHLP program. But the program won't come find you, you have to apply. How do you get your money before the big bad lender boots you out? Yep, there is a form to fill out, ...

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Most don't qualify for best mortgage rates, and 1/3 may not qualify at all

Published by Gina Pogol on September 27, 2010 in Uncategorized . 0 Comments

According to a study by Zillow.com, most mortgage applicants do not qualify for the best mortgage rates available. So those with bad credit needn't feel like ugly stepchildren; they are in a very large boat these days. Even more shocking is the fact that one third of folks out there may not be able to ...

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Study determines that interest-only and ARM loans did not cause mortgage crisis

Published by Gina Pogol on September 27, 2010 in Uncategorized . 0 Comments

Experts everywhere have been slinging around a lot of blame for the mortgage crisis; one of the "culprits" has been interest-only mortgages. The problem with IO loans, analysts claimed, was that borrowers who chose to make an interest-only payment for five or ten years were unprepared for the inevitable increase in payment when the loan ...

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GM Returns to Sub-Prime Lending

Published by Gina Pogol on August 06, 2010 in Uncategorized . 0 Comments

GM said that it plans to buy sub-prime auto lender AmeriCredit Corp. Before the mortgage crisis and the recession, GM owned GMAC, which made auto loans that facilitated a lot of GM car sales, but GMAC also funded mortgages. When the financial crisis hit, the mortgage side of GMAC suffered the ...

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What Is Credit History Fraud? And What Is legal Credit Enhancement?

Published by Gina Pogol on August 05, 2010 in Uncategorized . 0 Comments

Some folks in Missouri were recently indicted for perpetrating credit history fraud and buying property illegally, to the tune of about three million dollars. Credit history fraud is a new crime that is reported growing in popularity. But what is it? These crooks accomplished their fraud by manipulating the credit reporting system. One alleged criminal, a ...

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Robin Hood Gone Bad: Do Credit Cards Rob the Poor?

Published by Gina Pogol on July 27, 2010 in Uncategorized . 0 Comments

According to a recent report from the Boston Federal Reserve Bank, credit card fee structures effective charge the poor in order to reward the rich. The study found that households earning more than $150,000 a year gain an average annual subsidy of $756 from credit card companies, while those earning $20,000 or less pay ...

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Mortgage Reform: Get Your Credit Score for Free

Published by Gina Pogol on July 26, 2010 in Uncategorized . 0 Comments

The just-passed mortgage reform bill contains a little-publicized provision that could make a big difference to those people with bad credit. In the future, if you get turned down for a loan of offered one with worse terms than you applied for, you get a credit report and your credit score. That's a bigger deal ...

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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

  • Capsiplex: Interesting idea, where can I learn more about this?
  • Plavuse: Ues, but not everthing black and white, something is gray :) Miranda
  • Robin: If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a...
  • Laura: similar situation to Crystal above. Except, our FHA mortage was included in BK, but we have kept the payments up and...
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