With the departure of President Obama, so goes his fledgling Home Affordable Modification Program. The much-maligned government program was an attempt to keep borrowers at risk of foreclosure in their homes.However, HAMP participation was voluntary for lenders —...
Blog
Month: January 2017
With Trump, will predatory loan practices increase?
As we bid farewell to outgoing President Obama and his often consumer-friendly policies and herald the new Trump administration, it's a good time to consider the changes President Trump may make to the Consumer Financial Protection Bureau.As America's fledgling...
Should you file Chapter 7 in 2017?
It's a new year, and for some, it's a good time to file for bankruptcy to get out from under unmanageable debts. The type of slate-clearing bankruptcy many debtors seek is Chapter 7.Individual debtors may qualify for filing under Chapter 7, but a means test is...
How to manage credit card debt
Credit debt is an ongoing problem for many people in New Jersey. Ignoring the problem will not make it go away. If you are struggling to make minimum payments, you should learn more about your options. Assess your financial situation Evaluate your financial situation...
New law on student loan debt forgiveness takes effect
It's a nightmarish scenario -- grieving parents struggling to cope with the loss of their sons and daughters while being dunned to pay back the student loans they co-signed to further their now-deceased children's educations.Finally, New Jersey state lawmakers made a...
