If your loan is with Wells Fargo, US Bank, Citi Bank and JP Morgan Chase, these banks will defer your mortgage payments for three months; State chartered banks and credit unions will offer similar deferrals.
Your post-petition credit recovery goal? To purchase a large ticket item while paying the least amount of interest. The plan? To save while you wait for your score to go up in a high-yield savings account.
Just as seeing the Dentist for annual or semi-annual checkups to make sure you are brushing properly to prevent cavities, it is necessary to check up on your Mortgage Servicer to make sure your monthly mortgage payments are applied correctly to prevent costly surprises.
Bankruptcy can be both emotionally and financially stressful, but bankruptcy also offers the hope of a more financially stable future. It is important to look and plan ahead after bankruptcy. If you need assistance filing for or recovering from bankruptcy call your bankruptcy attorney today.
“In February 2015, the FTC filed a complaint alleging that Jared Irby, Richard Hughes, Coastal Acquisitions LLC, and PSC Administrative LLC, who typically did business as “Payday Support Center” or “Infinity Client Solutions,” falsely promised to resolve consumers’ payday loans through their hardship program.
The truth is that Bankruptcy Relief has its roots in the Bible. The Old Testament has many examples of compassionate treatment of the poor and preservation of the family unit. These goals were superior to the material concerns of repayment of debt.