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Navigation: Credit Repair | Loan Modification | FHA Loan Program |
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What is Credit Repair? Credit repair is an active endeavor to increase one’s credit score |
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What is Loan Modification? A loan modification is a permanent change in one or more terms of a home loan. |
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What is FHA Loan Program? FHA loan is an assistance mortgage loan covered by the US Federal Housing Administration |
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| The United States Consumer Protection Group strives to keep the American consumer informed and educated about everything that they need to know to get out, and keep out of debt. The information we provide is only that which serves to enlighten and instruct the American consumer as to the best ways to manage their debts, know what the best resources are needed to keep out of debt, and know enough to ensure they do not lose their homes to foreclosure. FHA Loan Program 2007 marked the launch of FHA-Secure, a refinancing program established to help borrowers who hit rock bottom on their mortgage loans during the 2007 subprime mortgage financial crisis. In April, 2008, the Obama administration approved a tax credit of $8,000 for first time homeowners. Because of this, more and more Americans, especially first-time homeowners, are expected to benefit from the FHA Loan Program. Loan Modification All of us today are feeling the crunch of higher interest rates, fluctuating fuel costs, and a slowing economy. Sadly, people are coming to realize that losing their homes to foreclosure is becoming a real possibility. |
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Credit Repair The United States Consumer Protection Group is a non profit group that will help you if you have a bad credit situation. A person’s credit score can affect almost every major transaction a person can make so it is one of the first things you should consider when you start organizing your financial situation. Loan Modification The United States Consumer Protection Group is a non-profit organization and your ultimate and dedicated partner in getting the right knowledge about loan modification procedures. Not only that, but we could help you find the right people to help you modify your loans on your behalf. FHA Loan Program Owning a home at this time of the economic recession is not easy. Because of the slow down of the financial wheel, lenders are now more adamant against giving in to mortgage loan requests. What compounds this problem is if you appear as a great risk to lenders, mainly because of your bad credit history. This, however, does not mean that you would never be able to fulfill your dreams of owning a home. Through the FHA loan program, you would be given the financing you need purchase a home. There really is no reason to suffer any more, give us a call now at 1.888.864.1664 and start solving your problems. |
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A loan modification is a permanent change in one or more terms of a home loan. The loan modification process allows the loan to be reinstated, and can include an interest rate reduction, a longer loan term, principal reduction, amnesty of delinquent payments or a combination of all four. Bottom line, a successful loan modification should lower your monthly payment and ease your financial problems. Credit Repair The current economic crisis is weighing heavily upon everyone’s financial situation. Those with bad credit are in the worst situation, since for them, trying to repair their credit while under the burden of increasing debt is like climbing up a slippery slope.To understand credit repair, one must first have a better grasp of the concept of credit score. Whether it is monthly credit card payments, getting loans, or declaring bankruptcy, each act of borrowing and repaying is recorded in one’s personal credit report. This report in turn determines one’s credit score. Banks and other creditors refer to this score in order to determine whether a person applying for a card or a loan should get higher or lower interest rates. Good credit practices such as paying on time and paying more than the monthly minimum rate create high scores. Conversely, one’s score decreases due to bad financial activities, such as paying well past the payment deadline or exceeding one’s credit limit. Creditors consider people with low credit score great financial risks, and because of this, think twice before approving their accounts or loans. Lending institutions also issue higher interest rates and lower credit limits to people with bad credit history. Credit repair is an active endeavor to increase one’s credit score. This can be achieved by verifying the accuracy of one’s credit report and disputing erroneous information in the records. Professional financial counseling regarding a person’s spending habits and budget management is also a big part of credit repair. |
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