Pam wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am a single mom, my daughter is 17 and trying to get a job, but even for her it’s hard. I have a couple of credits cards that I just can’t pay. My priorities are rent first, then car payment, utilities, then food, gas. I am still married but I can’t go to my husband for help, all I can say about that is temper. One credit card has already sent my account to a collection attorneys office. I am so afraid they will garnish my wages, which if they do, I will really be in the hole. After I pay my regular bills, I have about 350-400.00 to last the whole month, that has to buy gas, groceries and misc., I have nothing I put in savings. I have $1.26 in my savings account and have sold just about everything I can. We moved and had a garage sale, hoping I would make enough to get us moved. We now have no furniture, both of us have a mattress on the floor, no bed. Believe me, 54 yrs old, it’s hard to get up off the floor. My credit is already ruined, so I wish they would just write of the debt and be over with it. By going further with an attorney and whatever his fees would be, I still wouldn’t be able to pay anything, so I don’t understand why they would pursue something that I can’t pay. Pam” Dear Pam, My deepest sympathies about the bed on the floor routine. I agree it was a lot easier when we were younger. Just this year I spent two months sleeping on the floor as I waited for my possessions to arrive from overseas. That first night in my own real bed was heavenly. It certainly sounds like you are just making ends barely meet at this point. I was certainly encouraged to see that you’ve got your payment priorities in the right order. Good job. Without any income to be able to afford a bankruptcy lawyer , which is what you probably really need, your options are to not pay those credit card accounts and deal with being sued and a latter garnishment if it happens. The garnishment can be neutralized with bankruptcy so that can be addressed. You can find local legal aid that might be available in your area by doing a net search. If you are not eligible for free legal aid assistance, contact a local bankruptcy attorney and see what payment arrangements could be made that you can manage. Bankruptcy at this point is not going to improve your financial situation, just close the door on debts you just can’t pay. In order to improve your financial situation you’ll have to find a better job or a second income. See if your daughter can find anything local through the snagajob.com website. It seems to be able to easily connect people with entry level jobs. I’m sure she would love to help any way she can. Unless you can increase your household income I’m afraid the next step is homelessness and I don’t want to see that happen to you. Big hug. Steve Source: Pam and Her Daughter Are Sleeping On The Floor Other Related Articles to Read No Related Post

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Pam wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am a single mom, my daughter is 17 and trying to get a job, but even for her it’s hard. I have a couple of credits cards that I just can’t pay. My priorities are rent first, then car payment, utilities, then food, gas. I am still married but I can’t go to my husband for help, all I can say about that is temper. One credit card has already sent my account to a collection attorneys office. I am so afraid they will garnish my wages, which if they do, I will really be in the hole. After I pay my regular bills, I have about 350-400.00 to last the whole month, that has to buy gas, groceries and misc., I have nothing I put in savings. I have $1.26 in my savings account and have sold just about everything I can. We moved and had a garage sale, hoping I would make enough to get us moved. We now have no furniture, both of us have a mattress on the floor, no bed. Believe me, 54 yrs old, it’s hard to get up off the floor. My credit is already ruined, so I wish they would just write of the debt and be over with it. By going further with an attorney and whatever his fees would be, I still wouldn’t be able to pay anything, so I don’t understand why they would pursue something that I can’t pay. Pam” Dear Pam, My deepest sympathies about the bed on the floor routine. I agree it was a lot easier when we were younger. Just this year I spent two months sleeping on the floor as I waited for my possessions to arrive from overseas. That first night in my own real bed was heavenly. It certainly sounds like you are just making ends barely meet at this point. I was certainly encouraged to see that you’ve got your payment priorities in the right order. Good job. Without any income to be able to afford a bankruptcy lawyer , which is what you probably really need, your options are to not pay those credit card accounts and deal with being sued and a latter garnishment if it happens. The garnishment can be neutralized with bankruptcy so that can be addressed. You can find local legal aid that might be available in your area by doing a net search. If you are not eligible for free legal aid assistance, contact a local bankruptcy attorney and see what payment arrangements could be made that you can manage. Bankruptcy at this point is not going to improve your financial situation, just close the door on debts you just can’t pay. In order to improve your financial situation you’ll have to find a better job or a second income. See if your daughter can find anything local through the snagajob.com website. It seems to be able to easily connect people with entry level jobs. I’m sure she would love to help any way she can. Unless you can increase your household income I’m afraid the next step is homelessness and I don’t want to see that happen to you. Big hug. Steve Source: Pam and Her Daughter Are Sleeping On The Floor Other Related Articles to Read Trisha is a Single Mom, Separated, and Facing Bankruptcy. What Should She Do? Samantha Says “My Husband And I Are Young And Don’t Want to File Bankruptcy. What Do We Do?” Pam Is Out Of Cash And Out Of Time Ryan Writes In Looking For His Lifestyle Back

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Lynn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am with a debt negotiation company for over a year and i am being sued for one of my debts, the law office that represents the debt informed me that the company I am paying money to never contacted them when I faxed the letter over a month ago. Now I have been summonsed to court and do not know what to do. I have come up with $4000.00 for a $7000.00 debt but they want $5000.00 and the summons could have been avoided if the debt company contacted them Lynn” Dear Lynn, I’m so sorry that you are having to deal with all of this. It must be very stressful. I think the first step would be for you to call the debt settlement company you are working with and speak to a human about this. It is quite possible that the letter that you faxed over was never received properly or got caught up in something else. A good debt settlement company should be able to jump in and assist you with this matter, even at this late hour. In fact the debt settlement company may have already contacted the lawyers office even though the lawyer says they haven’t. Call the debt settlement company and ask for help and an update. Being sued while working with a debt settlement company is a problem if you do not have a lump sum amount of money to use to settle with right now. In order to accumulate the money to settle, consumers typically pay a monthly amount to the debt negotiation company and they then save that money up until they have enough to make a reasonable settlement offer. Whatever you do, do not ignore the summons or court date. If you don’t go to court, you will automatically lose. If you can afford a lesser amount right now, explain your situation and proposal to the judge. As in any legal matter, it is always a good idea to get legal representation, find a local attorney to help you with this matter or ask the debt settlement company for guidance and assistance. Big hug. Steve Source: Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor Other Related Articles to Read No Related Post

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Lynn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I am with a debt negotiation company for over a year and i am being sued for one of my debts, the law office that represents the debt informed me that the company I am paying money to never contacted them when I faxed the letter over a month ago. Now I have been summonsed to court and do not know what to do. I have come up with $4000.00 for a $7000.00 debt but they want $5000.00 and the summons could have been avoided if the debt company contacted them Lynn” Dear Lynn, I’m so sorry that you are having to deal with all of this. It must be very stressful. I think the first step would be for you to call the debt settlement company you are working with and speak to a human about this. It is quite possible that the letter that you faxed over was never received properly or got caught up in something else. A good debt settlement company should be able to jump in and assist you with this matter, even at this late hour. In fact the debt settlement company may have already contacted the lawyers office even though the lawyer says they haven’t. Call the debt settlement company and ask for help and an update. Being sued while working with a debt settlement company is a problem if you do not have a lump sum amount of money to use to settle with right now. In order to accumulate the money to settle, consumers typically pay a monthly amount to the debt negotiation company and they then save that money up until they have enough to make a reasonable settlement offer. Whatever you do, do not ignore the summons or court date. If you don’t go to court, you will automatically lose. If you can afford a lesser amount right now, explain your situation and proposal to the judge. As in any legal matter, it is always a good idea to get legal representation, find a local attorney to help you with this matter or ask the debt settlement company for guidance and assistance. Big hug. Steve Source: Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor Other Related Articles to Read Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC. Bad Credit Debt Consolidation - Brutally Honest Advice Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.” Teresa Writes In And Asks “What Should I Do Next?” Ed is Disabled and Falling in Debt Fast. What Can He Do?

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Kim wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I’m paying credit debt on time not getting anywhere with minimum payments. Husband laid off from work 15 months. Not using cards just trying to pay off. Income is very limited. How can I get ahead with paying off cards. Income is tight. Getting behind on other bills (house, gas, electric) husband laid off from job over 15 months, now has job that pays less than half of what he had before. We’ve really cut back on everything and not getting ahead. Being frugal in hard times. Tired of stressing out all the time. Thank you for your help. Kim” Dear Kim, The issue here is that your income adjusted downwards but your expenses did not. This is a chronic problem with contracts to borrow money. Those contracts are absolute agreements and don’t make any allowances for things happening, like layoffs. Being frugal only goes so far and if you can’t manage to get the income back up, and you’ve already trimmed expenses, then maybe the time has come to start thinking about bankruptcy . Bankruptcy can be a scary experience but it is a legal tool you can use to discharge your debt so you can attempt to make whatever money you are both making manage to keep a roof over your heat, the heat on and food in the cupboards. While you are just making the minimum payments I am worried that unless you can get some breathing room in your monthly budget that all it is going to take is one unexpected and unforeseen event to through your finances in complete disarray. You should be putting at least $50 to $100 a month into a savings account to protect you from these money emergencies. Continuing to just make the minimum payments is admirable and honorable but at some point don’t you have to financially plan to protect you and your family from future emergencies by saving? It seems like the only way to do that is through bankruptcy . Please contact a local bankruptcy attorney and ask for a free appointment so you can go in and find out what bankruptcy would mean for you. Don’t be ashamed, be responsible and do the right thing to protect your family moving forward. Big hug. Steve Source: Kim is Stressing Out Trying to be Frugal in Hard Times and Make Ends Meet Other Related Articles to Read No Related Post

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Kim wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I’m paying credit debt on time not getting anywhere with minimum payments. Husband laid off from work 15 months. Not using cards just trying to pay off. Income is very limited. How can I get ahead with paying off cards. Income is tight. Getting behind on other bills (house, gas, electric) husband laid off from job over 15 months, now has job that pays less than half of what he had before. We’ve really cut back on everything and not getting ahead. Being frugal in hard times. Tired of stressing out all the time. Thank you for your help. Kim” Dear Kim, The issue here is that your income adjusted downwards but your expenses did not. This is a chronic problem with contracts to borrow money. Those contracts are absolute agreements and don’t make any allowances for things happening, like layoffs. Being frugal only goes so far and if you can’t manage to get the income back up, and you’ve already trimmed expenses, then maybe the time has come to start thinking about bankruptcy . Bankruptcy can be a scary experience but it is a legal tool you can use to discharge your debt so you can attempt to make whatever money you are both making manage to keep a roof over your heat, the heat on and food in the cupboards. While you are just making the minimum payments I am worried that unless you can get some breathing room in your monthly budget that all it is going to take is one unexpected and unforeseen event to through your finances in complete disarray. You should be putting at least $50 to $100 a month into a savings account to protect you from these money emergencies. Continuing to just make the minimum payments is admirable and honorable but at some point don’t you have to financially plan to protect you and your family from future emergencies by saving? It seems like the only way to do that is through bankruptcy . Please contact a local bankruptcy attorney and ask for a free appointment so you can go in and find out what bankruptcy would mean for you. Don’t be ashamed, be responsible and do the right thing to protect your family moving forward. Big hug. Steve Source: Kim is Stressing Out Trying to be Frugal in Hard Times and Make Ends Meet Other Related Articles to Read Next big worry: Credit cards Robert Wrote “I Do Not Know Where To Start Other Than I Am in Debt” This Time I Asked “Do You Think You Are a Failure When You Break Your Budget?” David Writes In “I’m About To Lose My House” David Writes In “I Have No More to Give”

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If you have a mortgage with one of the lenders below you can use the contact information to reach the person at the lender that should be able to direct you to the special terms or programs available to help you avoid foreclosure or to come to a solution regarding your delinquent mortgage . The contacts should be able to handle Short Sales, Foreclosures , Forebearances, Loan Modifications, Repayments, Deed-in-Lieu of Foreclosure arrangements, etc. Altegra Credit Co. Loan Services Loss Mitigation Department (Home Loan Services) Gary Fedoronko Gary_Fedoronko@HLS.ML.com 412-918-7552 American Home Mortgage Servicing fka Option One Loss Mitigation Department Donald Kelly Donald.Kelly@ahmsi3@oomc.com 904-996-1748 Ameriquest Mortgage Co. Loss Mitigation Department (Citi Residential Lending) Tess Hoo teresa.hoo@citi.com 714-634-2474 ext 38864 BancorpSouth Loss Mitigation Department Carla Hall carla.hall@bxs.com 662-620-3644 Bank of America Loss Mitigation Department LuAnne Polak luanne.polak@bankofamerica.com 716-635-2780 Cynthia Mech Loss Mitigation Department cynthia.mech@bankofamerica.com 716-635-2760 Boshwit Bros. Mortgage Co. Loss Mitigation Department Andrew Boshwit aboswhit@comcast.net 901-272-0100 Chase Manhattan Mortgage Co. Loss Mitigation Department (Chase Home Finance) No Certain Person 800-446-8939 Chevy Case Bank / B.F. Saul Mortgage Loss Mitigation Department Jeff Huston jrhuston@chevychasebank.net 301-939-4057 Jana Gantt jmgantt@chevychasebank.net 301-939-4054 Cimarron Mortgage Co. Loss Mitigation Department Ronnie Greenhagen ronnieg@ecimarron.com 601-899-1547 (voice) 601-899-1502 (fax) Citifinancial Mortgage Loss Mitigation Department Dianne Whatley dianne.whatley@citigroup.com 972-657-3090 Citimortgage Loss Mitigation Department John Godinet John.j.godinet@citigroup.com 301-696-5069 301-696-4473 (fax) Leann Luhn Leann.luhn@citigroup.com 301-696-4267 301-696-4473 (fax) Colonial Bank Loss Mitigation Department Gerald Banks Gerald_Banks@colonialbank.com 800-222-0661 Countrywide Loss Mitigation Department Kelly May kelly_may@countrywide.com 805-577-3011 Bobbi Hook bobbi_hook@countrywide.com 214-200-2594 Trent Thompson trent_thompson@countrywide.com 972-498-6206 Gentry LaFon gentry_lafon@countrywide.com 972-498-6117 Davison State Bank Loss Mitigation Department Lori Barton lorib@thestatebank.com 810-714-3940 EMC Mortgage Loss Mitigation Department Michael Brown 214-626-3689 Kristen Belmonte Kbelmonte@bear.com 214-626-5488 Fentura Mortgage Loss Mitigation Department Lori Barton lorib@thestatebank.com 810-714-3940 1st Trust Bank for Savings Loss Mitigation Department (Magna Bank) Robin Terry robin.terry@magnabank.com 901-309-7999 ext 4413 First Horizon Loss Mitigation Department Leigh Ann Hammon Lhammon@firsthorizon.com 214-441-7329 Shantell Williams shtaylor@firsthorizon.com 214-441-6013 First Tennessee Loss Mitigation Department Carol Wilkerson cawilkerson@ftb.com 865-582-4030 Flagstar Bank Loss Mitigation Department Jerri A. Willis Jerri.A.Willis@flagstar.com 248-312-6690 (phone) 888-710-8130 (fax) GMAC Rescap Loss Mitigation Department Peggy Slattery peggy.slattery@gmacrescap.com 1-877-815-4622 (phone) 1-866-535-9471 (fax) Shalini Parker Shalini.Parker@gmacrescap.com 214-874-6125 Homecomings Financial and GMAC Loss Mitigation Department Roshum A. Austin roshun.austin@homecomings.com 901-276-0079 Erin Drummer erin.drummer@gmacrescap.com 214-874-6652 Litton Mortgage Loss Mitigation Department Randy Reynolds rreynolds@litton.c-bass.com 713-966-8985 John Crandall John.Crandall@littonloan.com 713-561-8211 (phone) 713-793-4304 (fax Litton Mortgage c/o Prommis Solutions Loss Mitigation Department Brad Norwood Bradly.Norwood@Prommis.com 770-643-7288 Tel. 1-866-480-4949 Fax MB Financial Bank Loss Mitigation Department Nannette Makarzyk Nmakarzyk@mbfinancial.com 847-653-2840 (phone) 847-653-0099 (fax) M & T Bank Loss Mitigation Department Judith Palmer JPalmer@mandtbank.com 716-635-4008 Tel. 716-635-4070 Fax National City Mortgage Loss Mitigation Department 1-800-367-9305 Ext. 57153 Ocwen Loss Mitigation Department Cindy White cindy.white@ocwen.com 404-737-5544 PHH Mortgage Loss Mitigation Department 800-750-2518 MBSLMReferrals@mortgagefamily.com Real Time Resolutions Loss Mitigation Department Angela Jump Angela_Jump@rtresolutions.com 214-599-6376 direct 877-469-7325 ext 6376 214-599-6388 Fax Resurgent Capital Services Loss Mitigation Department General Contacts Jessica Gullick jgullick@resurgent.com 864-248-8664 Escalated Contacts: Sherrie Emerson semerson@resurgent.com 800-365-7107 ext 8615 Karen Gearhart kgearhart@resurgent.com 800-365-7107 ext 8355 Michael Keaton mkeaton@resurgent.com 800-365-7107 ext 8756 SunTrust Mortgage, Inc. Loss Mitigation Department Ann Oley ann.oley@suntrust.com 804-291-0843 Select Portfolio Servicing Loss Mitigation Department Joann Goldman joann.goldman@spservicing.com 801-594-6338 The State Bank Loss Mitigation Department Lori Barton lorib@thestatebank.com 810-714-3940 Washington Mutual Home Loans Loss Mitigation Department David Whitman 904-886-6113 Julie A. Mathis 904-886-1305 Chrissy Lopez 904-886-1313 Shalonda C. Anderson shalonda.anderson@wamu.net 904-462-2237 Wells Fargo Financial Loss Mitigation Department Pam Gross Pam.Gross@wellsfargo.com Wells Fargo Financial Bank Loss Mitigation Department 515-331-9130 or 866-533-2108 Wells Fargo Home Mortgage Loss Mitigation Department Kimber Dehning Kimber.Dehning@wellsfargo.com 815-577-9008 Wilshire Credit Corporation Loss Mitigation Department Jodi Seits jodi_seits@wcc.ml.com 503-223-5600 Tricia Patterson tricia_patterson@wcc.ml.com 503-223-5600 Source: Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure Other Related Articles to Read No Related Post

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If you have a mortgage with one of the lenders below you can use the contact information to reach the person at the lender that should be able to direct you to the special terms or programs available to help you avoid foreclosure or to come to a solution regarding your delinquent mortgage . The contacts should be able to handle Short Sales, Foreclosures , Forebearances, Loan Modifications, Repayments, Deed-in-Lieu of Foreclosure arrangements, etc. Altegra Credit Co. Loan Services Loss Mitigation Department (Home Loan Services) Gary Fedoronko Gary_Fedoronko@HLS.ML.com 412-918-7552 American Home Mortgage Servicing fka Option One Loss Mitigation Department Donald Kelly Donald.Kelly@ahmsi3@oomc.com 904-996-1748 Ameriquest Mortgage Co. Loss Mitigation Department (Citi Residential Lending) Tess Hoo teresa.hoo@citi.com 714-634-2474 ext 38864 BancorpSouth Loss Mitigation Department Carla Hall carla.hall@bxs.com 662-620-3644 Bank of America Loss Mitigation Department LuAnne Polak luanne.polak@bankofamerica.com 716-635-2780 Cynthia Mech Loss Mitigation Department cynthia.mech@bankofamerica.com 716-635-2760 Boshwit Bros. Mortgage Co. Loss Mitigation Department Andrew Boshwit aboswhit@comcast.net 901-272-0100 Chase Manhattan Mortgage Co. Loss Mitigation Department (Chase Home Finance) No Certain Person 800-446-8939 Chevy Case Bank / B.F. Saul Mortgage Loss Mitigation Department Jeff Huston jrhuston@chevychasebank.net 301-939-4057 Jana Gantt jmgantt@chevychasebank.net 301-939-4054 Cimarron Mortgage Co. Loss Mitigation Department Ronnie Greenhagen ronnieg@ecimarron.com 601-899-1547 (voice) 601-899-1502 (fax) Citifinancial Mortgage Loss Mitigation Department Dianne Whatley dianne.whatley@citigroup.com 972-657-3090 Citimortgage Loss Mitigation Department John Godinet John.j.godinet@citigroup.com 301-696-5069 301-696-4473 (fax) Leann Luhn Leann.luhn@citigroup.com 301-696-4267 301-696-4473 (fax) Colonial Bank Loss Mitigation Department Gerald Banks Gerald_Banks@colonialbank.com 800-222-0661 Countrywide Loss Mitigation Department Kelly May kelly_may@countrywide.com 805-577-3011 Bobbi Hook bobbi_hook@countrywide.com 214-200-2594 Trent Thompson trent_thompson@countrywide.com 972-498-6206 Gentry LaFon gentry_lafon@countrywide.com 972-498-6117 Davison State Bank Loss Mitigation Department Lori Barton lorib@thestatebank.com 810-714-3940 EMC Mortgage Loss Mitigation Department Michael Brown 214-626-3689 Kristen Belmonte Kbelmonte@bear.com 214-626-5488 Fentura Mortgage Loss Mitigation Department Lori Barton lorib@thestatebank.com 810-714-3940 1st Trust Bank for Savings Loss Mitigation Department (Magna Bank) Robin Terry robin.terry@magnabank.com 901-309-7999 ext 4413 First Horizon Loss Mitigation Department Leigh Ann Hammon Lhammon@firsthorizon.com 214-441-7329 Shantell Williams shtaylor@firsthorizon.com 214-441-6013 First Tennessee Loss Mitigation Department Carol Wilkerson cawilkerson@ftb.com 865-582-4030 Flagstar Bank Loss Mitigation Department Jerri A. Willis Jerri.A.Willis@flagstar.com 248-312-6690 (phone) 888-710-8130 (fax) GMAC Rescap Loss Mitigation Department Peggy Slattery peggy.slattery@gmacrescap.com 1-877-815-4622 (phone) 1-866-535-9471 (fax) Shalini Parker Shalini.Parker@gmacrescap.com 214-874-6125 Homecomings Financial and GMAC Loss Mitigation Department Roshum A. Austin roshun.austin@homecomings.com 901-276-0079 Erin Drummer erin.drummer@gmacrescap.com 214-874-6652 Litton Mortgage Loss Mitigation Department Randy Reynolds rreynolds@litton.c-bass.com 713-966-8985 John Crandall John.Crandall@littonloan.com 713-561-8211 (phone) 713-793-4304 (fax Litton Mortgage c/o Prommis Solutions Loss Mitigation Department Brad Norwood Bradly.Norwood@Prommis.com 770-643-7288 Tel. 1-866-480-4949 Fax MB Financial Bank Loss Mitigation Department Nannette Makarzyk Nmakarzyk@mbfinancial.com 847-653-2840 (phone) 847-653-0099 (fax) M & T Bank Loss Mitigation Department Judith Palmer JPalmer@mandtbank.com 716-635-4008 Tel. 716-635-4070 Fax National City Mortgage Loss Mitigation Department 1-800-367-9305 Ext. 57153 Ocwen Loss Mitigation Department Cindy White cindy.white@ocwen.com 404-737-5544 PHH Mortgage Loss Mitigation Department 800-750-2518 MBSLMReferrals@mortgagefamily.com Real Time Resolutions Loss Mitigation Department Angela Jump Angela_Jump@rtresolutions.com 214-599-6376 direct 877-469-7325 ext 6376 214-599-6388 Fax Resurgent Capital Services Loss Mitigation Department General Contacts Jessica Gullick jgullick@resurgent.com 864-248-8664 Escalated Contacts: Sherrie Emerson semerson@resurgent.com 800-365-7107 ext 8615 Karen Gearhart kgearhart@resurgent.com 800-365-7107 ext 8355 Michael Keaton mkeaton@resurgent.com 800-365-7107 ext 8756 SunTrust Mortgage, Inc. Loss Mitigation Department Ann Oley ann.oley@suntrust.com 804-291-0843 Select Portfolio Servicing Loss Mitigation Department Joann Goldman joann.goldman@spservicing.com 801-594-6338 The State Bank Loss Mitigation Department Lori Barton lorib@thestatebank.com 810-714-3940 Washington Mutual Home Loans Loss Mitigation Department David Whitman 904-886-6113 Julie A. Mathis 904-886-1305 Chrissy Lopez 904-886-1313 Shalonda C. Anderson shalonda.anderson@wamu.net 904-462-2237 Wells Fargo Financial Loss Mitigation Department Pam Gross Pam.Gross@wellsfargo.com Wells Fargo Financial Bank Loss Mitigation Department 515-331-9130 or 866-533-2108 Wells Fargo Home Mortgage Loss Mitigation Department Kimber Dehning Kimber.Dehning@wellsfargo.com 815-577-9008 Wilshire Credit Corporation Loss Mitigation Department Jodi Seits jodi_seits@wcc.ml.com 503-223-5600 Tricia Patterson tricia_patterson@wcc.ml.com 503-223-5600 Source: Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure Other Related Articles to Read Bankruptcy Judges Should Have the Power to Modify Mortgages Bank of America Hit With Class Action Suit Over Credit Card Fees And Charges Jairo Wants to Stop Paying His Bank of America Clean Sweep Debt Consolidation Loan Jason Has Not Paid His Mortgage in 10 Months And Wants to Keep His House Worth Reading - New Tack in Default Battle: Cutting Mortgage Principal

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The sagging home values are drawing attention to a gaping hole in bankruptcy protection, the ability for U.S. bankruptcy judges to be able to modify the terms of a mortgage to keep people in their homes that want to pay. A couple of recent article really caught my eye, “ Delahunt: Empower judges to modify mortgages ” and “ A Win-Win Bankruptcy Reform “. Bankruptcy judges have the power to change the term of loans for vacation retreats, business and car loans, but no authority to keep you in your home. Silly. Homeowners facing trouble today or headed to foreclosure will often file bankruptcy to stop the foreclosure on their home. But that won’t save the home if you can’t afford the mortgage . Under existing law, bankruptcy courts cannot modify the terms of home mortgages. To keep her home, this debtor needed to demonstrate sufficient income not only to make her ongoing payments at 14 percent but also to cover, during her five-year repayment plan, the payments she had defaulted on. Her proposed plan was clearly not feasible based on her salary, so I had no choice but to lift the stay and allow the foreclosure to continue. However, homeowners could easily be allowed to remain in their homes if the loans were modified either in length or to return the interest rates charged back to a fair and reasonable amount. When mass foreclosures occur, as they are now, nobody wins. The homeowner, banks and investors win if they can keep the proud and emotionally attached homeowner in the property, making payments, and properly caring for the home. This allows neighborhoods to flourish that would otherwise have vacant and unkempt bank REO homes just sitting there. If we can’t give bankruptcy judges the authority to modify these loans in specific situations and under specific guidance then who can we trust to do the right thing, lenders? This gap in bankruptcy authority seems to be perpetuated because the mortgage industry feels it would be detrimental to the mortgage industry but I have to agree with Judge Leonard when he writes: No one has been able to explain to me why it is not better for mortgage holders to get a fair return of principal back, albeit at a lower interest rate, than to take a lump sum through foreclosure that is probably much less than the value of the note. It does not make sense. Not allowing bankruptcy judges to have authority to modify mortgage terms only tosses people out on the street. People who will eventually get new mortgages when the economy improves. It seems that the costs passed on to us, the consumers are not because mortgage defaults, but because logic does not prevail. Source: Bankruptcy Judges Should Have the Power to Modify Mortgages Other Related Articles to Read No Related Post

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The sagging home values are drawing attention to a gaping hole in bankruptcy protection, the ability for U.S. bankruptcy judges to be able to modify the terms of a mortgage to keep people in their homes that want to pay. A couple of recent article really caught my eye, “ Delahunt: Empower judges to modify mortgages ” and “ A Win-Win Bankruptcy Reform “. Bankruptcy judges have the power to change the term of loans for vacation retreats, business and car loans, but no authority to keep you in your home. Silly. Homeowners facing trouble today or headed to foreclosure will often file bankruptcy to stop the foreclosure on their home. But that won’t save the home if you can’t afford the mortgage . Under existing law, bankruptcy courts cannot modify the terms of home mortgages. To keep her home, this debtor needed to demonstrate sufficient income not only to make her ongoing payments at 14 percent but also to cover, during her five-year repayment plan, the payments she had defaulted on. Her proposed plan was clearly not feasible based on her salary, so I had no choice but to lift the stay and allow the foreclosure to continue. However, homeowners could easily be allowed to remain in their homes if the loans were modified either in length or to return the interest rates charged back to a fair and reasonable amount. When mass foreclosures occur, as they are now, nobody wins. The homeowner, banks and investors win if they can keep the proud and emotionally attached homeowner in the property, making payments, and properly caring for the home. This allows neighborhoods to flourish that would otherwise have vacant and unkempt bank REO homes just sitting there. If we can’t give bankruptcy judges the authority to modify these loans in specific situations and under specific guidance then who can we trust to do the right thing, lenders? This gap in bankruptcy authority seems to be perpetuated because the mortgage industry feels it would be detrimental to the mortgage industry but I have to agree with Judge Leonard when he writes: No one has been able to explain to me why it is not better for mortgage holders to get a fair return of principal back, albeit at a lower interest rate, than to take a lump sum through foreclosure that is probably much less than the value of the note. It does not make sense. Not allowing bankruptcy judges to have authority to modify mortgage terms only tosses people out on the street. People who will eventually get new mortgages when the economy improves. It seems that the costs passed on to us, the consumers are not because mortgage defaults, but because logic does not prevail. Source: Bankruptcy Judges Should Have the Power to Modify Mortgages Other Related Articles to Read New Concerns About 40% Credit Card Debt Reduction Proposal 81,312 Foreclosures in September. More Than Just a Number. Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure Jason Has Not Paid His Mortgage in 10 Months And Wants to Keep His House Worth Reading - New Tack in Default Battle: Cutting Mortgage Principal

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On November 24, 2008 a class action lawsuit was filed against Bank of America, for deliberately engaging in a course of action that led to credit card customers to be intentionally penalized even though payments were made by the due date. The suit cites, as an example, the case of Bruce Trombley who received a credit card statement with a closing date of October 2, 2007 that indicated that a minimum payment of $248.00 was due by Saturday, October 27, 2007. Mr. Trombley went into a Bank of America branch on Saturday, October 27, 2007 at 11:44 am and made a payment of $250. Bank of America subsequently notified Mr. Trombley on his November 2007 credit card statement that he was to be charged a late fee of $39.00 and his promotional interest rate would no longer apply even though Mr. Trombley made his payment by the due date. The second example in the suit involves the case of Ryan Sukaskas who was charged a $15 pay-by-phone fee for making his payment on the due date. He had attempted to make the payment via the Bank of America website but the site indicated that since it was the date due that a payment could not be made via the site. It is alleged that consumers have been made to pay fees, charges and higher interest rates due to breaches of MBNA, FIA Card Services, and Bank of America credit card agreement and violation of the Truth in Lending Act. The plaintiffs in this case state that Bank of America has profited from the charging of fees, other fees, charges and/or additional finance charges for payments on accounts received on the due date. The primary issue here is if Bank of America failed to apply payments made on the day made without the imposition of additional fees and charges. Additionally it is stated that Bank of America is intentionally taken actions that are designed to increase the amount of finance charges, late fees, and other charges that customers must pay. The other issue is that Bank of America appears to be out of compliance with the Truth in Lending act and Regulation Z of the Consumer Protection Act of 1968 that says that “A creditor shall credit a payment to the consumer’s account as of the date of receipt, except when a delay in crediting does not result in a finance or other charge…” If you feel that you have been unfairly charged a late fee, a fee to make your payment on the due date, or have received an increase in the interest rate, even though you made your payment on the due date, you might want to contact the attorney in this case: Peter N. Wasylyk 1307 Chalkstone Avenue Providence, Rhode Island 02908 Telephone: (401) 831-7730 Facsimile: (401) 861-6064 E- Mail : pnwlaw@aol.com Photo: James Callan Source: Bank of America Hit With Class Action Suit Over Credit Card Fees And Charges Other Related Articles to Read No Related Post

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On November 24, 2008 a class action lawsuit was filed against Bank of America, for deliberately engaging in a course of action that led to credit card customers to be intentionally penalized even though payments were made by the due date. The suit cites, as an example, the case of Bruce Trombley who received a credit card statement with a closing date of October 2, 2007 that indicated that a minimum payment of $248.00 was due by Saturday, October 27, 2007. Mr. Trombley went into a Bank of America branch on Saturday, October 27, 2007 at 11:44 am and made a payment of $250. Bank of America subsequently notified Mr. Trombley on his November 2007 credit card statement that he was to be charged a late fee of $39.00 and his promotional interest rate would no longer apply even though Mr. Trombley made his payment by the due date. The second example in the suit involves the case of Ryan Sukaskas who was charged a $15 pay-by-phone fee for making his payment on the due date. He had attempted to make the payment via the Bank of America website but the site indicated that since it was the date due that a payment could not be made via the site. It is alleged that consumers have been made to pay fees, charges and higher interest rates due to breaches of MBNA, FIA Card Services, and Bank of America credit card agreement and violation of the Truth in Lending Act. The plaintiffs in this case state that Bank of America has profited from the charging of fees, other fees, charges and/or additional finance charges for payments on accounts received on the due date. The primary issue here is if Bank of America failed to apply payments made on the day made without the imposition of additional fees and charges. Additionally it is stated that Bank of America is intentionally taken actions that are designed to increase the amount of finance charges, late fees, and other charges that customers must pay. The other issue is that Bank of America appears to be out of compliance with the Truth in Lending act and Regulation Z of the Consumer Protection Act of 1968 that says that “A creditor shall credit a payment to the consumer’s account as of the date of receipt, except when a delay in crediting does not result in a finance or other charge…” If you feel that you have been unfairly charged a late fee, a fee to make your payment on the due date, or have received an increase in the interest rate, even though you made your payment on the due date, you might want to contact the attorney in this case: Peter N. Wasylyk 1307 Chalkstone Avenue Providence, Rhode Island 02908 Telephone: (401) 831-7730 Facsimile: (401) 861-6064 E- Mail : pnwlaw@aol.com Photo: James Callan Source: Bank of America Hit With Class Action Suit Over Credit Card Fees And Charges Other Related Articles to Read Jairo Wants to Stop Paying His Bank of America Clean Sweep Debt Consolidation Loan Credit Card Companies Are Coming For You. Protect the Wife and Children. Pam Asks “Does a Deferred Student Loan Lower Your Credit Score” Mortgage Lender List of Loss Mitigation Contacts That Can Help You Avoid Foreclosure Karen Writes In. “My Interest Rates Are Going Up. My Minimum Payments Are Going Up. Help!”

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Carolyn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I built a new home using credit card cash advances. I now have $85,000 in credit card debt and the interest rates average 25%. I can make up to $2500/month in credit payments but the interest rates are killing me. I had great credit before this issue. I have a good job and predictable income. What is the best solution for me to get these credit card interest rates below 10%? I don’t want to hurt my credit long term. Carolyn” Dear Carolyn, I think it is far too late to worry about hurting your credit. With rates like 25% it leads me to believe that you are already showing signs of being a credit risk. What in the world were you doing building a home using cash advances from credit cards . That is a horrible way to finance a home. That is what mortgages are for. First off, I never recommend that anyone get a cash advance as long as they carry any balance on a credit card . When you do have a balance and take a cash advance the interest rate on the cash advance will be much higher but the creditor won’t apply your payments towards the cash advance until you pay off the entire purchase balance first. Carolyn, the only way to lower these rates is going to be to get a mortgage . Even if you found a balance transfer deal for $85,000, which I seriously doubt, the 3% transaction fee to do that would be huge. Contact a local mortgage broker or Big hug. Steve Source: Carolyn Built Her New Home Using Credit Card Cash Advances Other Related Articles to Read No Related Post

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Carolyn wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I built a new home using credit card cash advances. I now have $85,000 in credit card debt and the interest rates average 25%. I can make up to $2500/month in credit payments but the interest rates are killing me. I had great credit before this issue. I have a good job and predictable income. What is the best solution for me to get these credit card interest rates below 10%? I don’t want to hurt my credit long term. Carolyn” Dear Carolyn, I think it is far too late to worry about hurting your credit. With rates like 25% it leads me to believe that you are already showing signs of being a credit risk. What in the world were you doing building a home using cash advances from credit cards . That is a horrible way to finance a home. That is what mortgages are for. First off, I never recommend that anyone get a cash advance as long as they carry any balance on a credit card . When you do have a balance and take a cash advance the interest rate on the cash advance will be much higher but the creditor won’t apply your payments towards the cash advance until you pay off the entire purchase balance first. Carolyn, the only way to lower these rates is going to be to get a mortgage . Even if you found a balance transfer deal for $85,000, which I seriously doubt, the 3% transaction fee to do that would be huge. Contact a local mortgage broker or Big hug. Steve Source: Carolyn Built Her New Home Using Credit Card Cash Advances Other Related Articles to Read Archeologists Finds 3,000-Year Old Credit Card Bill Easy Come, Easy Go: Prosper.com Hits Regulatory Hurdle American Express Customers: Don’t Try This At Home Jeff Asks About Trick To Boast Credit Score. “Will It Work?” Payday Loans and Cash Advances

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Denise wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form . I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty . If you would like to help me to help others, there are easy and free things you can do, click here to learn how you can help . “Dear Steve, I have judgment against me placed a company called CACH LLC. I cannot contact them or the attorney that placed the judgment. In midst of refinancing home to pay off judgment. Lawyer says I need a pay off amount. How can I get a pay off amount if I can’t get a hold of them? What if I never get a hold of them. Denise” Dear Denise, I wish I had a bit more information to go on but from what you told me and what I learned in my research I think you should look further into this judgment. If this is the same CACH, LLC as the one I learned in my research, they may not have even been able to sue you and obtain a judgment against you for the debt in question. it may have been a zombie debt that had expired under the statue of limitations or a debt that they were not able to sue you for. Additionally, they appear to sue without any proof or validation that the debt is yours or true. Much more information is needed to find out the specifics of your case and you’ll also need a lawyer to examine the legal merits of your case. But first, you’ll need a copy of the case to give to a lawyer to review. The best way to locate these old cases is to get the court and case number off your credit report . I always recommend a consolidated credit report to learn that information. Not all credit bureaus have the same information so by getting a consolidated credit report you’ll have a better chance of getting all the details. Next, armed with that information, contact the court that handled the suit against you and pay for a copy of the court records. Those records will give you critical information to help track down the lawyers and entity of the company that sued you. Your mortgage broker should assist you if you still can’t locate the company or attorney since they will have a policy in place to address this issue. I believe that CACH, LLC is located at: 370 17th Street Suite 5000 Denver, CO 80202-3050 Phone: (303) 296-3345 Fax: (215) 281-7522 Or at 4340 S. Monaco St. 2nd floor Denver, CO 80237 CACH, LLC appears to be a subsidiary of Collect America ( CollectAmerica.com ) and under the control of attorney Philip Scott Lowery or P Scott Lowrey, and has a horrible record of playing by the rules when it comes to collecting consumer debts that they purchase from the original creditors. Recent Court Actions Involving CACH, LLC The documents I found below may help you to locate CACH, LLC and to get a better understanding of some of the complaints and facts of those complaints. Erick Pinto vs CACH, LLC James L Robbins,Jr vs CACH, LLC, Pentagroup Financial There is a class action lawsuit against CACH, LLC that contains excellent background information about them. See Morales vs CACH, LLC Source: Denise Can’t Find CACH, LLC And It is Holding Up Refinancing Her Home Other Related Articles to Read No Related Post

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