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Not paying mortgage will result in kind of attention you don’t ...

Q: Ive had a home-equity loan for eight years. Six months ago, I called the mortgageservicing company to ask for the payoff. The toll-free number on my bill wasnt working, so I decided to stop paying on the loan to force them to contact me. Still, no one has called. What should I do? A: When you stop paying a mortgage, several bad things happen fairly quickly: You trash your credit history and credit score, late penalties and fees are tacked on, and you can trigger "universal default" on your credit cards. If youre carrying creditcard debt, your interest rate could skyrocket. No one is going to call you back from this mortgage-servicing company until its too late. The next call you get will be from the foreclosure department, telling you that it is starting foreclosure proceedings. Or you might not even get this call.



Top Rated Credit Repair Service Rising Star Financial Services Now Offering Consumers Free Mortgage Quote

Los Angeles, CA (PRWEB) August 9, 2006 -- Rising Star Financial Services , the top rated Credit Repair company in Los Angeles, announced that consumers can now sign up for a Free mortgage quote on the Rising Star website, and that even clients who have bad credit or low FICO Scores may still qualify for financing at very competitive rates. Rising Star Financial Services has decided that it is now going to be working closely with mortgage companies, thereby enabling Rising Star to more effectively cater to clients who are intent on getting home loans. .



Monday Morning Money Moves

Having a hard time snapping out of weekend mode? Make the most of your Monday by crossing these nine financial "to do's" off your list.

Protect your good name
What's more important than protecting your good reputation? How about that pristine credit record you've worked hard to keep clean? Your credit history determines what interest rates you pay on credit cards and a mortgage, and even how much you'll shell out for auto or homeowner's insurance in some states.

Sadly, identity theft is becoming more common, with crooks fraudulently running up credit card or cell phone accounts, passing bad checks, or getting a loan in someone else's name. With a quick phone call and a trip to the Xerox machine, you can create a cocoon around your credit file while the coffee brews in the break room.




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