by Chris Ebert | May 17, 2012 | General
Most of us have taken a lot of tests in our lives. For those homeowners who are trying to get a loan modification, the biggest test you will take is the Net Present Value (NPV) test. Simply put, the NPV test determines whether the moneylender will make more money if...
by Chris Ebert | May 10, 2012 | General
In an attempt to collect a debt, a debt-buyer cannot: Threaten to arrest you Impersonate a police officer Use obscene or profane language Threaten to kill your pet Threaten to kill you Sadly, every one of these tactics is used by at least one debt-buyer on a routine...
by Chris Ebert | May 7, 2012 | General
The moneylenders have created the myth that people spend themselves into bankruptcy. The moneylenders want consumers to be too embarrassed or ashamed to file bankruptcy. Yet even large lottery winners find themselves in bankruptcy court, so the statistics simply do...
by Chris Ebert | May 4, 2012 | General
Both Chapter 7 and Chapter 13 bankruptcy can be effective tools for dissolving an active lawsuit or even a prior judgment. Perhaps the moneylender or debt-buyer is threatening to take action against you, such as filing a lawsuit or sending a foreclosure notice. One...
by Chris Ebert | May 1, 2012 | General
Sherry’s stomach knotted up as she glared at the “insufficient funds” warning on the supermarket ATM. With payday six days away, only peanut butter and Raman noodles to feed the kids, and the gas gauge inching towards “E”, she knew she had to do something fast. A...
