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Comment by Tiffany Williams on January 19, 2013 at 11:59pm

Also late payments and any type of deragatory accounts that are listed on your credit report; you will have to provide an explanation for. For example, as I indicated, I am in the middle of the mortgage loan process at this time and there was a late payment on my account from 2005, yes 2005 and I had to write a brief paragraph explaining why and how that late payment occurred so please just prepare for that.

If at all possible, before you begin the process entirely take a look at your credit report(s) and take note of any late payments that may have occurred regardless of the year. My suggestion would be to make little notes next to the payments and try to think of an explanation that you would give if you are asked to provide a deragotory letter explanation.

Comment by Tiffany Williams on January 19, 2013 at 11:53pm

One of the main things that can and will interfere with you obtaining a mortgage is any type of dispute language/verbiage that my be on any of your accounts. Mortgage guidelines have changed and all open dispute language needs to be either completely deleted or updated to state resolved. Perferably the language should be deleted in its entirety to prohibit any additional delays.

Comment by Tiffany Williams on January 19, 2013 at 11:51pm

I want to discuss the mortgage process with you all because this is something I am actually going through at the moment and if I can make this process a little smoother for anyone else, then I most definetly will try so

Comment by Tiffany Williams on January 19, 2013 at 11:50pm

Hey Ladies! Happy 2013! Prayerfully this new year has started off blessed for you. If you have had a few snags here and there, hey that's what tomorrow is for... We can start anew

Comment by Tiffany Williams on November 16, 2012 at 5:59pm

Ladies! Just FYI: Also for those of you who are interested in applying for a mortgage. If you have any type of dispute language on your credit reports then language would have to be removed and or the dispute would have to be resolved prior to moving forward in the process!

Comment by Tiffany Williams on November 16, 2012 at 5:55pm

#5 Debt consolidation:

Consolidation is one the best ways that help you with proper management of your obligations when you are left with no choice. In this the counselors of reputed consolidate companies negotiate with your creditors and makes the agreement of paying the minimum monthly payment instead of you. And in turn you have to deposit the minimum amount to the company according to the contract that you made.

Comment by Tiffany Williams on November 16, 2012 at 5:55pm

#4 Negotiate with creditors or credit card companies:

Even though planning a budget and avoiding luxurious will not help you to manage the credits then negotiate with your creditors about the reason of your late payment and request them for extra time. It totally depends on the lenders that they offer you more time or not, so keep trying coolly and convey them your deserted situation.

Comment by Tiffany Williams on November 16, 2012 at 5:54pm

#3 Avoid luxurious expenses:

Stop expending for luxuries like entertainments, shopping and so on till you clear all debts. Preparing budget is not sufficient but also ensures that you follow it strictly without deviating. Make use of credit calculator to know how long it takes you to repay. Instead of spending for frills, use the money to repay your credits that reduce your dues.

Comment by Tiffany Williams on November 16, 2012 at 5:54pm

#2 Prioritise your credits:

The budget which you prepare will help you to know the clear picture of your debts and the essentials. Prioritise your debts and repay the chief credits by using your savings or borrow from your friends. Remember, it's almost impossible to "save" when you are mouted in "debt". Your first obligation should be to pay off all debts.

Comment by Tiffany Williams on November 16, 2012 at 5:53pm

#1 Know the whole sum:

It is an initial and essential step to figure out the due of your debts that have to be paid. Calculate the balance credit amount by collecting all the payment bills and agreements. After that, list out all your monthly expenses such as power bill, cable, rent, purchases of food and so on. Make a budget by differentiating your outgoings from income. If you are left with zero amounts after differencing your outlays, then it is better to consult a debt counselor (London's World Consultants) who can help you out else make the payment of major debts by using the amount which you left with.

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