What is the best way to restore your credit after a foreclosure or bankruptcy?

justlilolme asked: My fiancee had a home in another state that ended up in foreclosure. Now his credit score has suffered. What is the best and fastest way to try to reestablish his credit? Before the foreclosure his credit score was great. He also owns the home we live in and is current on all [...]

How do get my credit card debt to zero?

Ramesh asked: I had left USA around 4 years back as I could not get a job(software). When I left I had credit card debt. Now i want to be back and normalize my debt. I currently dont have a job. I checked my credit report on the internet but confused with the terms. Its [...]

What is the current national foreclosure rate?

Uncle Pennybags asked: I keep seeing in the news that foreclosure’s are up XX% in the last year. What they never say is what the foreclosure rate actually is. I mean if it’s up to 4% from 3%, that’s a dramatic 33% increase, but it also means that there are still 96% of [...]

I have a mortgage on one home, can I get a second mortgage to pay for another house?

TexasBound asked: I’m planning to relocate, but current owe a mortgage for $50k. I also have a bankruptcy on my record thats a couple of years old. I’d like to find new home in the state I choose to live in. Would I be able to get a second mortgage or refinance [...]

will tripling my loan repayments cut my loan term to a third of the time? eg from 3 yrs to 1 yr?

Dan M asked: I have a 7 year loan, of which I have 3 years left. If I increase my repayments to 3x my current payment will this cut the time from 3 years down to 1?