| Most borrowers pay little attention to the "fine print" on | | | | They cause you to focus on their bill instead of |
| a credit application. Most shrug their shoulders, promise | | | | another creditor's bill. The creditor makes more money |
| themselves they'll never get in trouble with their credit | | | | off you because of the late fees you agreed to pay |
| card, and sign away. Unbeknownst to them they are | | | | when you signed the agreement. |
| committed to a legal contract that is heavily weighed in | | | | If you think the fees are bad on credit cards they are |
| the creditors favor. Yet again the "I want it now" | | | | even worse on secured loans, such as mortgages. If |
| mind-set has overcome better judgment. That legalese | | | | you fall behind several months in your house payment |
| at the bottom of every credit application, that few | | | | you may be hit with huge fees that have to be paid in |
| seldom read, clearly outlines what will happen if you | | | | full to avoid or stop foreclosure. |
| break your promise to pay on time. | | | | When is it time to get serious about these fees? As |
| What is the real cost of bad credit? There is the | | | | soon as you realize you may be obligated to pay late |
| obvious increase in borrowing costs, not to mention the | | | | fees, legal fees, deficiency fees, and default rates to |
| hassles of opening up new credit lines. The extra | | | | name a few. As soon as those show up it is time to |
| interest you pay is only scratching the surface of the | | | | pick up the phone and call the creditor and ask to |
| problems created. What about the added stress to | | | | have the fees waived. Start by explaining how you |
| your family, missed opportunities that having good | | | | plan to get current and let them know you need their |
| credit would have allowed you to capitalize on, and the | | | | help, not their fees. |
| fact that now you are "marked" as a bad credit risk | | | | There are many reasons why homeowners |
| with your financial history open for all potential lenders | | | | sometimes are unable to pay their mortgages and |
| to see? | | | | every situation is unique. That is why we take the time |
| Even if your problem is short-term your creditors do | | | | to meet with our clients and explain ALL of their |
| nothing to help you. They simply enforce the credit | | | | options to provide comprehensive foreclosure help. No |
| agreement and hit you with some fat fees. These | | | | matter what your situation, you have options and we |
| fees do nothing for you, but help the creditor in a | | | | can help you stop foreclosure. |
| couple of ways: | | | | |