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Broken Credit BlogBroken Credit BlogFree Credit Repair Seminar, Dispute Letter, Mortgage Advice. The Broken Credit Blog was created to assist the general public with information about credit repair and responsible mortgage lending. 
Articles
VA Mortgage Credit Cleanup
2008-06-08 00:38:00 I am trying to clean some stuff off of credit report for VA home loan. I looked at sheet from transunion which loan officer requested we pay off to get a loan with them. Problem is that some of the entries have no name to whom we should pay to get the balance to zero. ... More About: Credit Repair , Credit , Mortgage , Cleanup
FHA & VA Financing with a Chapter 13 Bankruptcy
2008-06-06 20:02:00 I have been in a chpater 13 for over a year with good payments. I have researched getting a VA loan and a FHA loan. I am a veteran. I have been told several different things. Yes on VA. No on Va. Yes on FHA. No on FHA. Yes on FHA if it’s 75% paid ... More About: Financing , Bankruptcy , Chapter
Turn The Volume On Your Computer?
2008-06-06 03:59:00 And now without further ado, the Broken Credit Game. More About: Computer , Turn , Volume
Foreclosures Growing
2008-06-05 18:19:00 “Once again this quarter, the rate of foreclosure starts and the percent of loans in the process of foreclosure are the highest recorded since 1979.” Press Release - National Delinquency Survey Mortgage Bankers Association More About: Foreclosures , Foreclosure , Growing
Don?t Cut Yourself With the TILA!
2008-06-05 00:08:00 Hi Paul, Your site is unbelievably informative. Thank you for mintaining it! My situation: A have a loan that has TILA violations. I am going to rescind but the previous lender is now bankrupt. Would it mean that I would own the house free and clear? How would I go about getting the title completely in my name? Does ... More About: Tila
Famous Quotes
2008-06-04 22:19:00 ?They did to me what a man with a gun in a dark alley couldn?t do. They stole my house.? — Homeowner, Dirty Deeds: Abuses and Fraudulent Practices in California?s Home Equity Market, Consumers Union p. viii (October 1995) More About: Famous Quotes , Quotes , Foreclosure , Famous
Florida Foreclosure Defense
2008-06-04 15:47:00 Are there any Broken Credit Bloggers going through foreclosure in Florida ? You may have been the victim of predatory lending or perhaps there were Truth in Lending Act violations on your loan. You have a right to defend your home! Florida attorney Thomas Willis has offered a free consultation to Florida homeowners seeking answers. Thomas Willis, Esquire Shuster & Saben, ... More About: Foreclosure , Defense
Escrow Shortage & Deficiency
2008-06-03 22:09:00 Paul, I have a client who just got her NOD. Strange story. $60k loan amount. Payments of $850 per month. She is paying on time each month. The lender, Chase, took past taxes due, paid them and then her 30 days to pay the 4k, and immediately thereafter declared her in default. There was no accounting ... More About: Mortgage , Escrow
How To Get Your Mortgage Servicer To LISTEN!!!
2008-06-03 18:31:00 I recently made a decision to remove a renter from a house I own and place it on the market again. Due to the problems with the economy I had to rent the house in the first place because I was having problems selling it. When I removed the renter and placed the house on the ... More About: Mortgage , Listen
FNMA & Authorized Users
2008-06-02 20:49:00 Today is the first business day that FNMA DU Version 7.0 went into effect. Here’s how FNMA is treating Authorized User accounts. “As stated in Announcement 08-08, DU Version 7.0 will not take into consideration credit report tradelines in which the applicant has been designated as an “authorized user.” If the mortgage loan falls into the ... More About: Credit Cards , Mortgage , Users
Ten Deletions for Brian and HTDI
2008-06-02 18:32:00 A picture is worth a thousand words, so what more can be said other than Ten Deletions for Brian at HTDI! Now, after you’ve clicked the above link, give Brian a call and see what he can do for your credit report and score. The Broken Credit Blog is pleased that Brian and HTDI are standing guard over: incorrect, erroneous, false, incomplete, inaccurate bogus ...
Short Sale & Mortgage Insurance
2008-06-02 05:52:00 Paul, First of all, I can’t tell you enough how wonderful you are for all your help! I can’t find any questions about this, so I thought I’d just ask. We purchased our home on 100% financed loan, have paid the PMI, and now are doing a short sale. Since the PMI will pay the lender the ... More About: Insurance , Sale , Mortgage , Mortgage Insurance , Short
Two For Credit Stew
2008-06-01 23:57:00 Kind of a “credit stew” if you will…. I just read “Starting Over” and it has prompted a question or two…. (and maybe a few comments about the many, MANY other posts I have read). On a Medical account… I made 1 lump sum and then payment arrangements to a CA (Automated Collection Services) very shortly after ... More About: Credit Repair , Credit
TILA Bankruptcy
2008-06-01 19:45:00 Hello Paul, Thanks for the quick and informed response to my post! Another question: Since TILA deals with many loans, I wonder if it also applies to student loans. Since private lenders have gotten into the act of lending to students, it seems that it would. Though it shouldn’t matter if the loan was from a government ... More About: Bankruptcy , Tila
Managing Credit Cards
2008-06-01 18:42:00 I recently paid off all my credit cards. Now I’m wondering if I should close some. I know about the debt/credit ratio, but have heard that TOO MANY ACCTS, even if all paid to 0, hurt your score. Is this true? Or should I leave them all open. Most of them have high credit limits ... More About: Credit Cards , Credit , Cards
TILA Talk
2008-05-31 23:15:00 Hello Paul, Wonderful service you provide. The information on your site has saved my house and my sanity! I have been researching bits of the TILA act and it seems that it applies to many loans–not just ones that are secured with property. My question: I believe that people can also rescind credit card loans–again within the three ... More About: Credit Cards , Mortgage , Talk , Tila
Florida - Truth in Lending Act - Open Letter
2008-05-31 21:24:00 Dear Florida Consumer Lawyers, I run a free consumer website dealing with credit issues on the internet; it?s my volunteer work. The site has become extremely popular and is the #1 credit blog by Google?s standards. As a result of my work, I interact with thousands of homeowners in the State of Florida and I?m writing ... More About: Truth , Open , Letter , Bankruptcy
Credit Score Post Short Sale
2008-05-31 19:24:00 My husband and I are having to do a short sale on our home after he was laid off from his job last December, couldn’t keep with the payments, and owe more than it’s worth. We have a buyer, the bank has approved the sale, and we are supposed to be closing on June 16th. My ... More About: Credit , Post , Sale , Score , Short
National City Bank v. Hill
2008-05-30 18:07:00 Ok, here?s the deal. Bank s made tons of loans while ‘looking the other way’ and not verifying income with a little bit of security in knowing that if the loan goes bad, the loan can?t be discharged in bankruptcy because the bank can claim the borrower committed fraud. And now we find this recent ruling ... More About: National , Mortgage , Bankruptcy , City
One Dispute Letter?
2008-05-30 16:08:00 Paul I have a question that I would like to ask you. Is it better to dispute one item at a time or should I dispute all items at once? Thank you for your seminar, I learned some valuable info on the process of debt validation and re aging. Lashawn ———- Hi Lashawn, As long as they are valid disputes, there ... More About: Credit Repair , Letter , Dispute
BrokenCredit.com is a Free Site
2008-05-29 22:08:00 How can I correct my credit report/ score for FREE? Gretchen More About: Free , Site
Stopping Foreclosures
2008-05-29 21:26:00 An article authored by Patrick Pulatie Chapter 13 Bankruptcy Much has been written about the foreclosure problems facing many homeowners today. But how effective are the programs and which one should a person choose? I offer this as the topic today because there is much confusion about these programs and what is entailed. I will discuss the ... More About: Foreclosures , Foreclosure
Don?t Fall Asleep on the Junk Debt Buyers!
2008-05-29 20:00:00 I have been sued for a debt that I disputed on my credit report. The debt could not be verified and was removed from my credit report. They have now started to garnish my wages. Can they sue and garnish my wages even though the debt could not be verified? Lawrence ———– Hello Lawrence, The discovery process should have been ... More About: Debt , Judgment , Buyers , Junk , Fall
Michigan Deficiency Judgment
2008-05-29 02:34:00 I have an 80/20 loan through 2 different lenders. I am 2 months behind and have lost one rental property through foreclosure. My questions are: For a short sale do I need to keep making the payment until the house sells? 2)What is the statute of limitations as far as deficiency in the state of Michigan ? Finally, will a ... More About: Foreclosure , Judgment
Violation of the Discharge Injunction - Boo-Yah!!
2008-05-28 01:31:00 When a creditor falsely reports unpaid balances which are stayed or discharged by a bankruptcy, it impermissibly attempts to collect that debt in violation of the automatic stay of 11 U.S.C. § 362 and the discharge injunction of 11 U.S.C. § 524. See Russell v. Chase Bank USA, N.A. (in re Russell), 378 B.R. 735, ... More About: Bankruptcy
The Noisy Accordion
2008-05-27 17:30:00 I have a new collections account. I have had to move around so much I was not aware I had not satisfied an old phone bill (about 1 yr old). I am in a hurry to fix this. If I send a letter offering a pay for delete on paper and enclose a check- and I ... More About: Accordion
Medical Collection Jambalaya
2008-05-27 04:04:00 I worked as a nurse at Mercy Memorial Hospital. I got a back injury while transfering a big patient ( they dont have a lifting machine at that time) and after that a nightmare start for me and my family, I got fired, leave by my own with medical bills, I got an attorney who ... More About: Medical , Collections , Jambalaya
California Foreclosure Scam
2008-05-26 23:13:00 California Attorney General Brown shut down a team of scam artists that acquired deeds to hundreds of homes in foreclosure by convincing desperate consumers to place their property in a ?land grant,? a phony and worthless real estate document. Federal Land Grant Company?a San Diego-based business run by Bill Hutchings, his wife Xiaoke Li and former ... More About: California , Foreclosure , Scam
Antediluvian Collection
2008-05-26 22:01:00 When a creditor sells a debt to a debt collector and then they sell it again and again does the orignal date of the delinquency stay the same or does it start over each time they sell the account.for ex if I had a delinquency in 2000 should it be off my credit report whether ... More About: Collections
Credit Repair Brothers & Sisters
More articles from this author:2008-05-26 21:47:00 Paul, you have such a wealth of info here! Thanks for all you do. I am like so many people, in that my financial circumstances over time have drastically changed (job loss, medical issues, then I found work but at MUCH less salary). In part because of those difficulties, I stayed in depression and didn’t ACT ... More About: Credit Repair , Credit , Brothers , Sisters , Repair 1, 2, 3, 4, 5, 6, 7 |
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