Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman. Mandatory Waiting Period Reduced To 2 Years It’s getting easier to get approved for a mortgage. Following in the FHA’s footsteps, Fannie Mae has reduced the mandatory waiting period for a mortgage after bankruptcy, short sale, or pre-foreclosure. Borrowers no longer need to wait 4 years […]
11 myths about student loan forgiveness
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. If you have more student loan debt than you can handle, or if you’ve been paying and paying (and paying) and can’t make headway, chances are you’ve wondered about student loan forgiveness. As you look into your options, keep in mind that everything you read (or hear — even […]
7 free apps that help you save money without thinking about it
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman Raise your hand if you want to save more. Okay, keep it raised if you feel like there just isn’t enough time to figure out your budget or calculate how much you should be putting away. Well, all that is about to change. There are tons […]
Student loan debtors using Chapter 13 bankruptcy to buy time on payments
Submitted by New Jersey Bankruptcy Lawyer, Lee M. Perlman. By Tim Grant / Pittsburgh Post-Gazette David King grew up on public welfare as a young man in Ambridge. Five years ago, he got married and moved his wife into a low-income housing project in Imperial. He was only earning $7.40 an hour at a part-time job. […]
Private student loans may be more of a headache than you want
Submitted by New Jersey Bankruptcy Attorney, Lee M. Perlman Originally published here by the Washington Post. Given the high cost of public and private universities, chances are most families will have to borrow some money to pay for school. But as they decide between student loans offered by the government and those offered by financial firms, consumer […]
6 Habits of Consumers With Excellent Credit Scores
Useful advice for managing your credit score. Submitted by New Jersey Bankruptcy Attorney, Lee Perlman. A healthy credit score is almost essential for comfortable living these days. Without credit, it’s nearly impossible to get an auto loan, mortgage, or personal loan if needed. Interest rates are excessively high for those who have limited or bad […]
9 Things You Shouldn’t Say to Someone in Debt
test By Clay Wyatt, Contributor Posted by New Jersey Bankruptcy Attorney, Lee M. Perlman Do you know someone who is in debt? It wouldn’t be surprising if you do. About a third of Americans with a credit file have debt in collections, according to a 2014 report by Urban Institute. Whether this person asks you […]
13 Student Loan Terms You Need to Know
Submitted by New Jersey Bankruptcy and Financial Attorney, Lee M. Perlman If you are paying back a student loan, you might be confused about some of the terminology. At Credible, we see borrowers and graduates everyday ask our customer care how they can get the most out of their student loans. Understanding these terms can […]
How to Maximize Your Federal Student Loan Refinancing Savings
Submitted by Lee Perlman, New Jersey Bankruptcy Attorney Upon graduation, borrowers are inundated with the task of paying off all of their student related debts. Most graduates will finish their undergraduate degree with federal loans with an average balance of $30,000. At Credible, we see federal student loan borrowers everyday look for options and ask […]
Your Student Loan Help Questions Answered
Submitted by New Jersey Bankruptcy and Student Loan Lawyer, Lee M. Perlman Whether you are struggling to avoid a student loan default or just want to stay on top of your loans, finding student loan help can answer all your questions. Repaying your student loans can be a confusing process, and one misstep could affect […]
