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Tag Archive for 'avoid foreclosure'

Why Bankruptcy Is Better than Foreclosure

Published by Gina Pogol on January 30, 2009 in Foreclosure . 0 Comments

Foreclosure: Kiss Your Next Mortgage Good-bye Lenders consider bankruptcy a serious credit issue, but not as bad as home foreclosure. Just being late with mortgage payments is counted heavily against you, worse than having a collection account. Those who skip their mortgage payment to pay other bills are doing their credit serious harm. According to debtworkout.com, ...

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Avoid "Walk Away" Companies. It's a "Credit Repair" Scam All Over Again.

Published by Gina Pogol on June 27, 2008 in Foreclosure . 14 Comments

Outfits have sprung up all over offering desparate homeowners a way out -- making promises like the following, which were copied from one firm's Web site: Your lender WILL NOT be able to call you in attempt to collect! Your lender WILL NOT be able to collect any deficiency or loss they may receive by you walking ...

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Bankruptcy: Sometimes the Best Option

Published by Gina Pogol on June 12, 2008 in Foreclosure . 6 Comments

While bankruptcy doesn't carry the same stigma that it used to, the idea of filing for Chapter 7 or 13 protection from creditors fills many with fear and even shame. It needn't. In fact, in may be the best way to keep your home if you own one and inflict the least amount of damage ...

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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....