Personal Credit Coach

Illegal 'zombie' debt collections rampant in Florida, advocate says

Stephen Leifer - Thursday, March 08, 2018
Illegal 'zombie' debt collections rampant in Florida, advocate says David LyonsSun-Sentinel Invalid and illegal debt collections are at record levels across the U.S., and Florida is No. 2 for complaints about the practice, according to a national tracker of frequent flier programs and credit card rewards. The practice, dubbed “zombie debt collections” by RewardExpert, are defined as attempts to collect debts not owed, those that were already paid or discharged, de ..

Getting a Mortgage When You’re Self-Employed

Stephen Leifer - Friday, February 02, 2018
Being self-employed can be a freeing lifestyle in which you can make your own schedule, take charge of your own projects, and feel the passion in your work each day. The entrepreneurial lifestyle definitely has its pros, but it also comes with a lot of hard work and different challenges. As a self-employed person, you may see getting a mortgage (https://admortgage.com/rate-quote-2/) as a challenge because of traditional lending guidelines and regulations. While the loan process (https:/ ..

The Many Ways to Be Relieved of Your Timeshare Obligations

Stephen Leifer - Friday, February 02, 2018
While it is true that a timeshare contract is a binding legal document, it is often mistakenly thought that such a contract cannot only be cancelled. In fact, most timeshare companies maintain that their contracts are non – cancellable. This misconception is perpetuated by timeshare companies and user groups that are funded, maintained and controlled by the timeshare industry. The truth of the matter is, that under the law, contracts are cancellable for a variety of reasons, inc ..

As lenders targeted veterans with risky mortgages, VA failed to act

Stephen Leifer - Friday, February 02, 2018
The Department of Veterans Affairs has known for more than a year that military service members were being sold a flood of costly and risky mortgages and done little to stop it. The result: Borrowers have been saddled with thousands of dollars in fees, and interest rates have risen for millions of rank-and-file homeowners. Lenders, hunting for business in a slow market, have swarmed into VA mortgages, sometimes selling military homeowners new loans every few months. Some are pushing shor ..

Equifax Promises A New Lifetime Service, As New Leader Offers An Apology

Stephen Leifer - Wednesday, January 31, 2018
Equifax is promising consumers new control over access to their personal credit data — for free, and for life — as interim CEO Paulino do Rego Barros Jr. apologized to people affected by the company's recent data breach. He said the company had failed to live up to expectations. "On behalf of Equifax, I want to express my sincere and total apology," Barros wrote in an op-ed for The Wall Street Journal (https://www.wsj.com/articles/on-behalf-of-equifax-im-sorry-1506547253 ..

Paying off Your Mortgage in 15 Years vs 30

Stephen Leifer - Friday, January 19, 2018
Paying off your mortgage early and living mortgage-free so you can use the money for other things—such as travel and an early retirement—can sound like a pipe-dream that’s impossible to get to, but it doesn’t have to be. If you have a 30-year mortgage, there are a few ways to cut that time in half, or at least come close to it: Add a monthly payment each year This easy step will cut about three years off a 30-year mortgage by spreading out one extra mon ..

A Fight Over the Credit Score Lenders Use for Your Mortgage

Stephen Leifer - Friday, January 05, 2018
Banks and rival lenders are butting heads over the credit scores used to decide millions of mortgage requests by U.S. home buyers. Read More... By AnnaMaria Andriotis and Christina Rexrode Published January 03, 2018 Now, a federal agency is weighing whether to step into the fight, which revolves around a longtime requirement for lenders who sell mortgages to Fannie Mae and Freddie Mac to gauge most borrowers using FICO scores. The Feder ..

CFPB Director calls Trump a ‘smart man,’ then asks him to drop class-action ruling

Stephen Leifer - Friday, November 03, 2017
https://www.marketwatch.com/story/cfpb-director-cordray-calls-trump-a-smart-man-asks-him-to-drop-class-action-ruling-2017-10-30 ..

Effective Steps to Protect Your Credit

Stephen Leifer - Wednesday, September 13, 2017
Your credit score has a dramatic impact on many aspects of your life. , Your credit scores dictate what credit you are eligible to receive and at what interest rate you will pay for that credit. Due to the importance of your credit profile and scores, it is critical to safeguard. Here are a few tips to accomplish this: Monitor Your Credit It is important to periodically check your credit reports. This can help you find errors and more quickly detect and solve a p ..

Student Loan Debt: Avoiding these Mistakes Can Save You in the Long Run

Stephen Leifer - Friday, August 18, 2017
Student loan debt is a challenge for many young adults. Not only can it be difficult to make payments when you are just out of college and looking for a job, it can continue to weigh on your budget even after you are earning a steady income. Paying off your debt is the best way to prevent problems, but there are a few other things you can do to help your cause: Do not Wait Until the Grace Period Expires Everyone with a student loan is given a grace period after  ..