Butterfly Reports http://www.butterflyreports.org/blog How Butterfly Reports Really Works Wed, 03 Feb 2010 09:03:33 +0000 http://wordpress.org/?v=2.2.1 en © admin admin How Butterfly Reports Really Works No No How can I get a mortgage if I have credit score under 400? http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-a-mortgage-if-i-have-credit-score-under-400/ http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-a-mortgage-if-i-have-credit-score-under-400/#comments Wed, 03 Feb 2010 08:50:45 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-a-mortgage-if-i-have-credit-score-under-400/
LadyCatherine asked:


Most of the mortgage companys I have tryed will not give me a mortgage because I have a credit score under 400. They say they will not help anyone with out having a credit score over 500.

I have a fourclouser on my credit and a really old credit card bill that I refuse to pay. Other then that every thing else on my credit report has been paid. Some late some on time.

I have tryed every mortgage company on line and the bank in my town.

I DO NOT want to get a credit card to 'fix' my credit history. I have had those and I do not do well with them. Or a store card either. Or a gas card.

I think things will stay on my credit report for up to ten years but I would like to know if there is a mortgage out there that will give me a mortgage now. Yes I have thought about rent.
Adam.. What is a a self certify, tracker based mortgage ?
ok OPEN:
Why jump all over me. I was just asking for help. I DO NOT THINK I KNOW IT ALL.

YES I have had a credit card and I have come to learn that I do NOT need one. I have a debit card Visa card and that is ALL i need.

How can I fix my credit with out findone someone to help me out. Things happen, I am NOT the only one that has gotten in this postion.
I want to respond to why I refuse to pay off the credit card that is on my credit report. I had a credit limit of 300$ It got up that high and I decided that I did not need it any more so I canceled it.

Come to find out a few months of 'paying' on it to pay it off the credit card co. was still charging 'finance fees' to it. after talking to them they informed me they could not completly cancel it untill it was at 0.

I told them the reason I canceled it was cause I could not affored it. To add charges to it would not help me pay it off.

I have spoke to other credit card co and have been told they can stop charging to it it they want.

The credit card bill has gone from 350$ to over 15 hundred dollars.

Pride or not I find this unprofessional and rude and that is why I refuse to pay it.

If they would agree I would pay the original 350$ if they would take off the rest of the 'Charges'

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]]> http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-a-mortgage-if-i-have-credit-score-under-400/feed/ What is the most current interest rate to refinance my house in California? http://www.butterflyreports.org/blog/free-article-submission/what-is-the-most-current-interest-rate-to-refinance-my-house-in-california/ http://www.butterflyreports.org/blog/free-article-submission/what-is-the-most-current-interest-rate-to-refinance-my-house-in-california/#comments Tue, 02 Feb 2010 02:41:45 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/what-is-the-most-current-interest-rate-to-refinance-my-house-in-california/
anuitutu asked:


I have a mortgage rate of 6.85%. should I refinance now or will interest rates go down more after the president signs the new bill to help mortgage companies?

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]]> http://www.butterflyreports.org/blog/free-article-submission/what-is-the-most-current-interest-rate-to-refinance-my-house-in-california/feed/ How difficult is it to refinance with bad credit? http://www.butterflyreports.org/blog/free-article-submission/how-difficult-is-it-to-refinance-with-bad-credit/ http://www.butterflyreports.org/blog/free-article-submission/how-difficult-is-it-to-refinance-with-bad-credit/#comments Fri, 22 Jan 2010 12:41:52 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/how-difficult-is-it-to-refinance-with-bad-credit/
mary m asked:


We bought our house 11 years ago, owner finance. We have NEVER had a late payment, but unfortunately, the man does not report to the credit agency. Anyway, we owe $60K on the house and it is worth around $350K. We would like to refinance to get "ahead" but our credit is poor. Any suggestions?

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]]> http://www.butterflyreports.org/blog/free-article-submission/how-difficult-is-it-to-refinance-with-bad-credit/feed/ Where is the best place to refinance my auto loan? http://www.butterflyreports.org/blog/free-article-submission/where-is-the-best-place-to-refinance-my-auto-loan/ http://www.butterflyreports.org/blog/free-article-submission/where-is-the-best-place-to-refinance-my-auto-loan/#comments Thu, 21 Jan 2010 17:08:35 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/where-is-the-best-place-to-refinance-my-auto-loan/
ml asked:


When I first got my auto in March 2006 my interest rate was 17.9% I refinance in September 2006 with E-loan for a rate of 11.04% we recently bought a home and our finally establishing some credit. So I think its time to refinance again. Does anyone recommend a great place to get a great rate?
Thanks I really appreciate it!

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]]> http://www.butterflyreports.org/blog/free-article-submission/where-is-the-best-place-to-refinance-my-auto-loan/feed/ Any suggestions as to how to refinance when your upside down on a mortgage? http://www.butterflyreports.org/blog/free-article-submission/any-suggestions-as-to-how-to-refinance-when-your-upside-down-on-a-mortgage/ http://www.butterflyreports.org/blog/free-article-submission/any-suggestions-as-to-how-to-refinance-when-your-upside-down-on-a-mortgage/#comments Sun, 27 Dec 2009 03:59:25 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/any-suggestions-as-to-how-to-refinance-when-your-upside-down-on-a-mortgage/
♥Sweet♥ asked:


My husband and I bought a home from my husband's former employer for $160,000. The home appraised at $140,000. The employer co-signed and put up a $20,000 CD as collateral. We didn't have good credit and had to pay some things off, so the employer did that for us, so we owed him money. We paid him back with the loan, but now we have to refinance the home come January and we have not been able to afford to do any improvements on the home, and It will not appraise at what we owe on it. No one is willing to refinance 100% because of the negative equity, and I don't have the $15,000 plus closing costs to pay the differece. Not sure what will happen if we don't get refinanced. Can't sell either I would assume. Any suggestions?
Payments have always been on time. We can afford the payments. That has never been a problem. At the time, it seemed they were doing a nice thing for us. I've never bought a home before, and we were living in a mobile home that was older than dirt and falling apart, and I was desperate to get out of it. I had no idea this would come back to bite me in the ass. Seemed at the time they were doing us a favor, but now I see they took advantage of our bad situation. Of course I never would have agreed to do this if I had known that we would end up in a situation like this.
This is what was written about the CD:
AGREEMENT REGARDING PLEDGE OF COLLATERAL AND GUARANTEE

"Bank" is lending the necessary proceeds to "buyers" to purchase said property on the condition that the loan is guaranteed by the "seller", and on the condition that a Certificate of Deposit owned by "seller" is pledged as collateral for said loan.
It is hereby agreed and stipulated by and between said parties as follows: 1. To the extent that "sellers" are required to pay any amounts based on the guarantee, or on the pledge of additional collateral in the form of a CD, they shall be entitled to a n assignment of whatever security is held by the "bank" for the amount of said payment. 2. Any assignment made by virtue of paragraph 1, shall be subordinate to any remaining interest held by "bank". 3. If "sellers" are required to pay any amounts on the mortgage bu virtue of their guarantee, they shall be in the same position by virtue of the assignment as the "bank" and would then own all the

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]]> http://www.butterflyreports.org/blog/free-article-submission/any-suggestions-as-to-how-to-refinance-when-your-upside-down-on-a-mortgage/feed/ How to get a good finance deal on a car loan? http://www.butterflyreports.org/blog/free-article-submission/how-to-get-a-good-finance-deal-on-a-car-loan/ http://www.butterflyreports.org/blog/free-article-submission/how-to-get-a-good-finance-deal-on-a-car-loan/#comments Tue, 22 Dec 2009 16:20:15 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/how-to-get-a-good-finance-deal-on-a-car-loan/
Ramachandra K asked:


Hi,
I'm planning to buy a car through finance option. I would like to ask on how to get a good finance deal with both the dealer and the bank on finance deal. Can anyone help me enlighten on these topics as this is my first loan!!
and also i live in Bangalore-India.

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]]> http://www.butterflyreports.org/blog/free-article-submission/how-to-get-a-good-finance-deal-on-a-car-loan/feed/ How can I get around my husbands student loans? http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-around-my-husbands-student-loans/ http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-around-my-husbands-student-loans/#comments Thu, 17 Dec 2009 13:28:52 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-around-my-husbands-student-loans/
hope asked:


Ok heres the thing, I want to go to college. I had a child in highschool so never applied then. I married & now that the kids are older (12, 10, 9) I want to go back to school. Every time I apply for aid I get turned down because of outstanding student loans. I have called them and they are my husbands not mine. They told me that I married him, hence I also married the outstanding loan. I know we are married but its not my fault he never paid the loan back once he was out of school. Its a 40,000.00 dollar loan and its just not in the butget right now to make 250.00 monthly pmts, which is what they want. All we can afford is about 50.00 a month, which will take a lifetime to pay back to 0.00. Is there any way aroun his student loan besides divorce?

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]]> http://www.butterflyreports.org/blog/free-article-submission/how-can-i-get-around-my-husbands-student-loans/feed/ What happens to a person's mortgage when the lending company goes bankrupt? http://www.butterflyreports.org/blog/free-article-submission/what-happens-to-a-persons-mortgage-when-the-lending-company-goes-bankrupt/ http://www.butterflyreports.org/blog/free-article-submission/what-happens-to-a-persons-mortgage-when-the-lending-company-goes-bankrupt/#comments Wed, 16 Dec 2009 23:07:48 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/what-happens-to-a-persons-mortgage-when-the-lending-company-goes-bankrupt/
Garry C asked:


Does the person pay the mortgage balance to the bankruptcy court? Does the person have to find another lending company to take up the mortgage balance?

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]]> http://www.butterflyreports.org/blog/free-article-submission/what-happens-to-a-persons-mortgage-when-the-lending-company-goes-bankrupt/feed/ How exactly do 'interest only' mortgage loans work? When do I pay on the principle of such a loan? http://www.butterflyreports.org/blog/free-article-submission/how-exactly-do-interest-only-mortgage-loans-work-when-do-i-pay-on-the-principle-of-such-a-loan/ http://www.butterflyreports.org/blog/free-article-submission/how-exactly-do-interest-only-mortgage-loans-work-when-do-i-pay-on-the-principle-of-such-a-loan/#comments Thu, 10 Dec 2009 18:20:40 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/how-exactly-do-interest-only-mortgage-loans-work-when-do-i-pay-on-the-principle-of-such-a-loan/
ronidl76 asked:


I know APR loans are a bad idea, but how would an interest-only loan work? Would it still be a 30 year note, or do they extend the loan? Would I be able to get a fixed rate with an interest-only mortgage loan?

Kansieo.com
]]> http://www.butterflyreports.org/blog/free-article-submission/how-exactly-do-interest-only-mortgage-loans-work-when-do-i-pay-on-the-principle-of-such-a-loan/feed/ What is the lowest credit score I can have to finance a car? http://www.butterflyreports.org/blog/free-article-submission/what-is-the-lowest-credit-score-i-can-have-to-finance-a-car/ http://www.butterflyreports.org/blog/free-article-submission/what-is-the-lowest-credit-score-i-can-have-to-finance-a-car/#comments Thu, 10 Dec 2009 04:50:43 +0000 admin http://www.butterflyreports.org/blog/free-article-submission/what-is-the-lowest-credit-score-i-can-have-to-finance-a-car/
Dennis E asked:


I think most car dealerships can finance anyone as long as you can show a pay stub. Is this true? Can you have defaulted student loans and tax liens and still be financed for a car?

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