Tennessee homeowners who have fallen to difficult times may be struggling to make regular mortgage payments. If the circumstances are anticipated to be temporary in nature, there may be ways to remedy the situation. Homeowners may benefit from consulting with an experienced foreclosure attorney to assist them in negotiating with their loan servicer.
Some Tennessee consumers may enter the New Year with overwhelming debt. Many consumers get swept away by the multitude of exciting product offers over the holidays and overspend despite their good intentions not to do so. This may lead to consumers giving in to the aggressive marketing of payday loans. However, payday loans typically go hand-in-hand with excessive interest rates, and consumers end up with the dilemma of whether to first pay their credit card debt or the payday loans.
Brokers in the past, advised couples seeking reverse mortgages to remove the younger spouse from a title to obtain higher payouts. This worked because the age of the individual determines the amount of a reverse mortgage.
A bankruptcy will affect your credit score, but there are things that you can do to re-establish good credit.