June 2016 Archives

Why seeking mortgage assistance right away is a good idea

It can be frightening to fall short on just one mortgage payment, let alone fear missing more. At Ledford, Wu & Borges, LLC, we understand the concern you may have as you eye your budget and realize that you may not have enough to pay your house bill this month. If you find yourself in that situation, it is imperative to get help immediately. Doing so can mean saving your credit and even your home.

What happens during a debtor education class?

If you have recently explored filing for personal bankruptcy, you may have discovered that you will have to take a credit counseling and debtor education course. There is a good reason for doing so, as it can give you the skills you need to ensure that you can maintain your finances following the bankruptcy.

Study: Counseling can help those with mortgage issues in Illinois

The U.S. Department of Housing and Urban Development sought to explore what, if any, benefits counseling has for people who are struggling to pay their mortgages in Illinois and across the country. In 2012, researchers followed 824 people who were in that position and sought professional guidance. They also followed up with some participants 18 months afterward.

Credit discrimination: The obstacles women in Illinois may face

Historically, women have had a harder time than men obtaining credit. In fact, until the federal government passed laws in the 1960s, women in Illinois and across the country were largely denied the opportunity to obtain a loan or other line of credit. Even though times have changed, there are many ways in which women may still struggle with their financial wellbeing when it comes to this issue.

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