Sentences with phrase «keep mortgage and car loan»

And having money available for people to borrow helps keep mortgage and car loan rates low.

Not exact matches

They've claimed that balances on multiple credit cards, student loans, car loans, and mortgages have made it impossible to reduce their balances and that keeping track of the payment dates is a nightmare.

In general, lenders like to see housing expenses (principal, interest, property taxes, mortgage insurance, HOA fees, etc.) kept to 28 percent or less of your gross (before tax) income, and they prefer that all of your bills — home loans plus car payments, credit cards, etc., total no more than 38 percent of your gross income.

If you want to keep property like a home or a car and are behind on the payments on a mortgage or car loan, a chapter 7 case probably will not be the right choice for you.

As debts pile up however, this creates a big problem, a debt cycle of using new debt to keep up with mortgage payments, car loans, student debt and ultimately living expenses.

If you want to keep things simple, credit can be broken into two categories that contribute to your account diversity: (1) Revolving lines of credit (ie, credit cards) and (2) installment accounts (student loans, mortgages, car loans, etc.), says Wayne Sanford, founder of Dallas - Fort Worth — based New Start Financial.

So pay down expensive accounts — like credit cards, retail cards, and car loans — and keep your low - interest, tax - deductible debt, such as a home mortgage.

But for others who may be looking for say, a car loan or home mortgage, you should keep your cards open and concentrate on building up your score.

The penalties relate to fees assessed on mortgage interest rate lock extensions — money that prospective homebuyers pay to keep an offered interest rate for a set period of time — and mandatory insurance that the bank placed on consumers» cars in connection with auto loans it originated.

However, bankruptcy does not relieve you of the obligation to pay secured debts, such as mortgages and car loans, if you intend to keep the property.

A chapter 13 case may be advantageous in that the debtor is allowed to get caught up on mortgages or car loans without the threat of foreclosure or repossession, and is allowed to keep both exempt and nonexempt property.

If you can afford to continue to make your car loan and mortgage payments, Chapter 7 provides a process, called «reaffirmation», for you to keep those assets.

This can make it easier to keep up with your mortgage and car loan payments.

Keep in mind that your FICO score is a key player in obtaining credit cards, mortgages, and car loans.

In a Chapter 7 case, the most common type of personal bankruptcy, the court doesn't allow an individual to keep their assets, but most exemptions allowed under state and federal law are large enough to cover a secured debt such as a house mortgage a car loan.

If the credit cards balances are in good condition for a number of years, the mortgage and car loan payments are regular and the letter possibly covered, it means the applicant manages to handle his credit accounts and keeps his finances in order.

In addition, secured debts like your mortgage and secured car loan are not affected by bankruptcy and you can keep these assets, if you wish, as long as your payments are up to date.