God Has Not Given Us a Spirit of fear

Wed, 15 Feb 2012 16:41:20 +0100

2 Timothy 1:7...
For God hath not given us the spirit of fear; but of power, and of love, and of a sound mind.

I've been teaching credit repair classes a long time so I've met a lot of people over the years. I had a women call me one day and said "I took your class a couple of years ago and remembered you used to be a debt collector. Well, I have this friend and he's thinking about going to a loan shark to pay off his payday loans and I thought he should call you before he got into trouble!" I told her yes, please have him call me immediately!!

When he finally called me I told him payday loans are like loan sharks except you don't have to worry about them breaking your legs!! Pay the loan off when you can, they are not taking you to the district attorney office for writing a hot check, it's a loan it is treated just like a loan from the bank. They will keep trying to collect on it. Pay it when you have the money, but please don't go to a loan shark!!

Fear had overtaken him so much so that he was willing to get the money by any means necessary to pay off a debt. You cannot let fear overtake you so much that you do desperate things, when you do this you put yourself into more trouble. Thankfully, he had a friend that knew me, but what about those people who don't ask questions? If you keep asking questions you will get an answer, so don't let fear overtake you breathe and remember the scripture God has not given you a spirit of fear, but POWER,LOVE AND A SOUND MIND!! Be at peace and know there is help out there it's just a matter of you asking a question to receive an answer don't get desperate. Be Blessed!!

How will a loan modification affect my credit

Wed, 15 Feb 2012 16:31:17 +0100

If you are currently unemployed or if your salary has been reduced then I suggest you contact your bank about getting a loan modification. Some of you maybe asking doesn't this affect my credit score?

Well, if you are behind already your credit score has already been affected. So no love loss there, it's better that you keep your home than worry about your credit score now. You can bring your credit score back up when your finances are back to normal. But, dealing with a foreclosure is a much worse situation.

Depending on your loan modification terms (for example 3 months) the bank will hold the funds in an account while they can make sure you can make your payments on time for the next 3 months. After you went through the 3 month period successfully, they will apply the funds to your past due balance. In the end your loan terms would have changed successfully and the remaining balance will be put on the end of your loan and it will cause your loan to become current.

So it is worth it to talk to your bank about a loan modification. If you are not late on your loan yet the bank may not want to talk to you. However, let them know early if you have been laid off because this will help!! Sometimes, the banks are slow and they loose paperwork so keep working at it. If your bank is in your community go to the branch and talk to the branch manager about your problem they have to email their supervisor or regional vice president about the issue and it must be resolved. So, if you are not getting resolution over the phone go to the branch.

Also, watch out for companies that say they can help you get a loan modification. Save your money, your bank can help you with all this and you don't have to pay them to help you. The majority of the time the banks will not deal with these loan modification companies because they are usually a rip off.

For more information, about credit repair and loan modification check out my new book @ www.thejomarcreditrepairguidebook.yolasite.com

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God Has Not Given Us a Spirit of fear

How will a loan modification affect my credit