Your Questions About Check My Mortgage Balance

Ken asks…

Finances…I’m upset?

for 6months, my hubby has been taking care of the finances. he said he thought it was too much stress on me and since i had the girls, i should take a break and let him deal with it. i said “it wasn’t stressing me to do the finances, it stresses me that we don’t have $ to cover everything. i said as long as i’m not in the dark, i don’t care who does the finances….if you can do better, awesome.”

when i was taking care of the bills, everything was paid on time, until our dd2 was born. then things started going to the grace period, but still before any late charges would hit. we were having a hard time, living pay check to paycheck, but everything was paid.

it’s been a few months. we are 2 months late on our mortgage. 1month late on our 2nd mortgage. 2 months late on his personal loan. 2 months late on our family car. 2 months late on our life insurance. our car insurance was due a couple days ago. but our cell phones and cable are right on time.

we owe $500 to my cousin for paying some of our bills last yr (when dd2 was born)

$1000 to a family friend for covering expenses to fix up our house. (he’s been paying this balance down instead of our regular bills…balance used to be $4000)

$600 to the birth center/midwife for dd2

we shouldn’t be in trouble. he makes good money. these payments should not be hard for us to make. but we have a mountain of debt from stupid mistakes we have each made when we were younger. we can’t seem get out from under them.

i know hubby works hard. and he’s spread too thin. so he feels he *needs* his computer and gaming to relax. but at what expense? our car? our house? he assures me we won’t lose anything. he’s floating the system the way everyone else does… why not us too.

i don’t know what my question is…i’m just freaking out. anyone have advice?

admin answers:

Take back the bill payments.

Also, write up a budget that shows
– Monthly bills
– Amount of all debts
– Monthly debt payments

My sister just went through this. She is going to create a 3rd bank account for “household” and take a weekly scrape from each of their paychecks each payday. She will pay all the monthly bills from that, and the money left behind will go to pay for online games, cable tv, netflix, etc

Use your bank statements and checkbooks to figure out your monthly expenses.

Don’t forget to include annual and semi-annual expenses like vacation, christmas, and car insurance.

George asks…

Finances…I’m upset?

for 6months, my hubby has been taking care of the finances. he said he thought it was too much stress on me and since i had the girls, i should take a break and let him deal with it. i said “it wasn’t stressing me to do the finances, it stresses me that we don’t have $ to cover everything. i said as long as i’m not in the dark, i don’t care who does the finances….if you can do better, awesome.”

when i was taking care of the bills, everything was paid on time, until our dd2 was born. then things started going to the grace period, but still before any late charges would hit. we were having a hard time, living pay check to paycheck, but everything was paid.

it’s been a few months. we are 2 months late on our mortgage. 1month late on our 2nd mortgage. 2 months late on his personal loan. 2 months late on our family car. 2 months late on our life insurance. our car insurance was due a couple days ago. but our cell phones and cable are right on time.

we owe $500 to my cousin for paying some of our bills last yr (when dd2 was born)

$1000 to a family friend for covering expenses to fix up our house. (he’s been paying this balance down instead of our regular bills…balance used to be $4000)

$600 to the birth center/midwife for dd2

we shouldn’t be in trouble. he makes good money. these payments should not be hard for us to make. but we have a mountain of debt from stupid mistakes we have each made when we were younger. we can’t seem get out from under them.

i know hubby works hard. and he’s spread too thin. so he feels he *needs* his computer and gaming to relax. but at what expense? our car? our house? he assures me we won’t lose anything. he’s floating the system the way everyone else does… why not us too.

i don’t know what my question is…i’m just freaking out. anyone have advice?

admin answers:

Hmm…well, finances can be a big issue in a marriage. Tough one to answer, but my suggestion would be going to see a financial counselor and maybe getting a plan in order, making a budget, and then really sticking to it. I see your point though…I’m just not sure I have a really good answer either.

I guess what I am trying to say is take some kind of action to consolidate debt and formulate a strategy..as you don’t want this affecting your marriage in a negative way.

Chris asks…

Should I pay off a credit card, or get a secured loan?

We’ll be getting a tax refund cheque this year. It would be nice to try and kill two birds with one stone, but I’m not sure my idea would work.

I have “very bad” credit due to multiple collections accounts (I have since paid and settled). My spouse has “bad” credit also, because of little credit history and a high credit balance on his credit card (which will be taken care of with the refund cheque). We’d like to build our credit as high as possible to qualify for a mortgage in 2 years.

I’m wondering if I should use the refund cheque to:
– pay off spouse’s high balance credit card
– get a secured loan in my name to be paid off in 2 years, using the loan money to pay off spouse’s credit card
– get a secured loan in spouse’s name to be paid off in 2 years, using the loan money to pay off spouse’s credit card.

I don’t know which would benefit us best. Thanks for your constructive opinions!

admin answers:

I would go for the secured loan, in your name, pay off spouses card. When the balance posts zero on his credit reports, then have him call the card company & have your name added as an authorized user (as long as his card shows a clean history of no missed payments or at least 4 years of none missed). The card will then report in your name on your credit file too.

You can look up the names of CEO’s of collection agencies & send what we call “goodwill letters”. I did this 3 times & bad, paid accts had the late posts removed, of entire collection accts removed.

I used a site called Lead411.com Punch in the company name & the info will show up. Look for the CFO first, if you see no cfo go with the CEO.

Put YOUR email addy in the TO line of the email. The lead site will show their email extension “collections.com” or whatever. In the BCC line use different attempts at their email addy.

First.last@
f.last@
firstlast@
flast@

Get it? Most will bounce back as undeliverable, one will go through.

Keep your email short & sweet. Add their acct #, your full name, address, bla bla.

Dear Mr.whatchamacallit,

I know you are a very busy man, so I will keep this brief.

Back in (approx date) I….explain how you got behind

Then the time came that I needed to fix my mess….bla bla. Explain how you paid them.

Now comes the time to ask for removal. Be honest…let them know that you are trying to move ahead & having this old, paid debt is standing in the way.

Finally, last paragraph, thank him for his time & consideration regarding this matter. Just add a nice short ending.
___________________________

If you want, drop me a line on my page here (email addys are anonymous) & I can help you with your letter. I got Really good at this a few years ago & I love helping folks clean up their stuff!! :0)

Laura asks…

Is there a time limit for Universities requesting back an overpayment of funds?

Here’s the scoop… After my financial aid cleared in August, I started a payment plan to pay off the remaining balance of my tuition.

I paid the first month. The second month, I tried to pay, but they said “Oh no, the REST of your financial aid went through, and there’s a surplus. Don’t pay us anymore, you’ll be getting a check.”

Score. I got said check, and waited 2 weeks to cash it, just to make sure my account was all good at the school. I then used it to pay bills, the daycare, the mortgage, ect.

Here we are, a month later, and the school calls me. Apparently they mistakenly credited my account, and they want that money back… on top of the money I had been trying to pay for my original balance.

I don’t mind paying what I would have owed, because it’s fair, it’s my tuition, I owe it…. but am I responsible for returning their error? If they had called me right away, I’d be cool with it, but a MONTH later!? That’s just cruel. They’ve offered to set up an interest free payment plan, but do I HAVE to give it back? Legally? I live in Oregon, if state law makes a difference.

admin answers:

It doesnt matter what state your in to be honest, yes its just the same as if an employer had overpaid you- you have to pay it back. Call the financial aid office to see whats going on or better go in and have them print out all the info and walk you through the reasons they overpaid etc- but you will need to pay it back or they can take you to collections and also kick you out of school. And you def cant hide- remember they have all of your personal information!

William asks…

Buying a home, need to increase my credit score, help?

I need some credit score advice… We had our credit pulled twice from our mortgage lender, the 2nd time was because the first score was going to expire, since we aren’t closing until a later date… And my one score from experian dropped 50 points!!!! My other 2 scores, and my hubby’s dropped a few points just from the inquiry from the last pull, and we wanted to find out why….
The ONLY difference in the 2 credit reports is the inquiry from them pulling it, and my credit card balance went from $160 to $140, THAT’S IT! The broker looked it over and was dumbfounded, and said he agrees with me that we made no big purchases, nothing got paid off in a big amount, nothing in collections, etc, I mean NOTHING!!! But he said that’s what happens with credit report company’s and I will just never know why it lowered that much… I can’t pull the report and dispute it because right before we close on our house, they will check our credit again to make sure we have no new inquiries and I can’t have mine show up
… Basically I’m mad that I did everything I was supposed to… I didn’t cancel any cards, no major purchases, paid everything ON TIME, didn’t have our credit pulled, etc u name it, I didn’t do it trust me! I had a bunch of people look over the credit report

… I want to know how to increase my score even just by a few points before it gets checked again in a month. I have a credit limit of $500 and owe $90, should I pay it completely off, or will that hurt my score?? They said they don’t care about what’s in the credit report, they only look at the score and go by that, and we will have a higher interest rate because of my big credit drop, lovely!

So will paying off my credit card of $90 balance help right away with the score itself, or no? Thanks in advance!
No, we have no negative items, only 1 credit card, and a very small student loan payment that has payments made on time, and actually made in advance so we don’t owe a payment until October… Should we pay another payment just to keep activity with the student loan payment?

admin answers:

One thing. From the Suze Orman Show.
Before applying for a home make sure your cards have a $0 balance.
Do not use them. If you can try to do this 3 months beforehand.
So, could you just pay them off today?
Hopefully you don’t think that carrying a balance is good for credit. Do you?

It could very well be that the scoring system changed.
Changes are made from time to time to the formulas.

I hope that you have clean credit reports without any negative items.
If you have any negatives, I just wasted my time.

Powered by Yahoo! Answers

Leave a Reply