The RCP—Reasonable Collection Potential—is the golden number for your offer in compromise because it more or less says that you are an ideal Offer In Compromise candidate. The reasonable collection potential is roughly...
6 Sep, 2011
Don’t Be A Debt Collection Victim
As more Americans struggle to find their way out from under a debt burden, options begin to fade and desperation sets in. Unfortunately, this leaves way for many scam artists to make their move on unsuspecting borrowers. Scam...
6 Sep, 2011
Mortgage Interest Tax Deduction Under Fire
Over the years, Congress has approved many new tax deductions in efforts to help stimulate the economy and boost dismal national markets. One example is the mortgage interest tax deduction, which allows for homeowners to...
Right now, because of persistent mortgage and housing troubles nationwide, it seems as if the mortgage modification process has only gotten harder. It has and it hasn’t. You need to know yourself as a borrower and as an...
5 Sep, 2011
The Financial Hardship Letter: The Right Style
One of the things that many troubled lenders will have to do is write a financial hardship letter. It doesn’t matter if it is credit card negotiation, education debt, or a mortgage modification; the debt ‘appeals...
