Lenders loan money. They try not to give it away. Places that give it away are called charities. If you fall behind on your payments, you will learn quickly that banks aren 't charities. Lenders also like to look at your payment history. Some people pay every payment on time. Banks love these people. They are considered low risk. Their credit scores are high. Everyone smiles when they think about these people. Some people pay every payment. They 're just not really very picky about when they get it paid. Banks kind of like these people because they get their money and make a little extra from late fees. They create extra work for the bank employees, but at least they get more money for their troubles. Other people eventually pay the loan, …show more content…
But, at what cost? Sinister predators are ready to take your last stash of cash for promises they cannot deliver. There are honest and reputable companies out there who want to help you and truly can. However, chasing the unsuspecting homeowner, are liars, crooks, and thieves. Firstly, loan modifications in California are regulated by the California Department of Real Estate. The DRE has given license to mortgage professionals to modify a loan, but they must deposit the client 's upfront payment into a trust fund. Until the modification has been performed successfully, the loan provider may not touch the money. If the modification cannot be done, the check is to be returned in full to the client, devoid of any service fees. Check with your state 's real estate regulators for special conditions and operational laws for the home loan modification companies. As you search for a home loan modification company, regard these three red flags as a warning that you may fall victim, rather than victor: 1: Watch for a written or verbal guarantee that the modification will be successful. The negotiating process is done through private banks, each holding their own set of criteria for candidates. The loan modification company may guarantee a diligent effort , but can not promise the outcome. 2: If a processing fee is attached to the contract, walk away. It is likely to be in fine print at the bottom of the contract and the processor will assure you that it 's just a safety measure and will not be used. The homeowner is counciled that they will qualify for the new loan, and when that doesn 't happen, the company returns the client 's check, minus the deposit,whereas the modification reps have just earned their real income. Skirting around culpability, the scammer says that the homeowner failed to provide sufficient documentation, hence their rejection for the
...ancial positions of the borrowers, their lack of knowledge as well as the superior bargaining power of the lender to get the borrowers to agree to these loans. The lenders should bear the major responsibility of these loans, as they are aware of the ramifications of such transactions. The borrowers are also responsible, as they should not enter into contracts without adequately understanding the consequences of such actions. In many cases, the lenders do not provide the information that would assist the borrower in making rational decisions. There are instances when the borrower does not care about the increased penalties, they just want to get their hands on the money, and worry about the consequences later. Some borrowers just live beyond their means but once they get sucked into a predatory loan, they begin a cycle of debt that they just cannot get out of.
Millions of Americans work full-time, day in and day out, making near and sometimes just minimum wage. In 1998, Barbara Ehrenreich decided to join them in part by the welfare claim, which promises that any job equals a better life. Barbara wondered how anyone can survive, let alone prosper, on $6-$7 an hour. Barbara moved from Florida to Maine to Minnesota, working in the cheapest lodgings available and accepting work as a waitress, hotel maid, house cleaner, nursing home aide, and Wal-Mart salesperson. She soon realizes that even the lowliest occupations require exhausting mental and physical efforts and in most cases more than one job was needed to make ends meet. Nickel and Dimed reveals low-wage America in all of its glory, consisting of
The United States is one of the only few democratic countries that disenfranchises convicted felons. An estimated 5.85 million people charged with a felony are banned from voting. Moreover, felon disenfranchisement laws are a form of racial discrimination because a large percentage of felons are Hispanic, Latino or African American that have been incarcerated as a result of racial profiling. Denying felons from voting is unconstitutional since the right to vote and cast a ballot is supposed to be the cornerstone of democracy. Felons who have completed their sentence should be restored their right to vote as they should be able to participate in elections just like every other citizen. Despite being charged with a felony, felons are also American
Employers consider a degree necessary for getting a job at their company. However, not many people can afford college. The solution is to take out loans, then college becomes affordable. These loans create a whole different issue, student loan debt. This can affect people their whole lifetime and has been happening for years upon years. But, in the more recent years America is starting to shed more light onto the issue and are becoming curious on why colleges charge twenty five thousand dollars, or more, for a year of education. Many different countries offer free college, but in America student loan debt keeps getting worse.
Children of the twenty first century spend nearly 13 years in school, preparing for what is college, one of the only ways to achieve the so-called “American Dream”. College is the best way to start an advanced career and go further than one possibly could if college degrees were not available, allowing people to achieve their view of the American Dream; whether it be large houses, shiny cars, multiple kids, or financial comfort, college is the stepping stone to achieve the American Dream. But all great things come with a price, college dragging along debt. Students who attend college struggle to find ways to pay for it, leading to applying for student loans. These loans a great short term, paying for the schooling at the moment but eventually the money adds up
The United States’ welfare system is designed to help its citizens live regular and full lives with all the opportunities that higher class citizens are exposed to and to help the unemployed look for long-term work so financially, they can become stable. This assistance is very beneficial (especially to the lower class) but annually, thousands of cases of welfare fraud are committed. The poor do not realize that this program does them the favor and is not a requirement by the government. The welfare system is a great assistance to the needy but these programs do not enable the receivers to become motivated to get off the program; instead it makes them more dependent towards the welfare system and receivers tend to want more and more assistance as time goes on. If welfare fraud continues to occur, the United States should let the people that absolutely need it receive their assistance regularly and target those who need it less and make the qualifications for welfare more complicated and tedious so to make it harder for those to receive welfare benefits, to help prevent welfare fraud, and to make people less anxious to apply for welfare if they don’t need it as much.
Eggs came first. Millions of years before mammals, eggs existed, their hard shells unlike her mammalian sister who waddles around, heavily crippled with the burden of her womb. Eggs conferred evolutionary advantage.
Have you ever wondered how some athletes have gotten so good at a certain sport? Have you ever thought about what they did in order for them to get this good? For some the answer is simple; workout and train. But for others the answer is different; the use of performance enhancing drugs such as steroids. There are some people that argue that steroids should be legalized and allowed in professional sports. Other people argue that steroids should not be allowed. Today I am going to state my opinion and justify my reason. Steroids should not be allowed in professional sports because it can be very dangerous to the athlete’s health, it is a way to gain and un-fair advantage and it can be dangerous in both social and physical aspects.
“The true soldier fights not because he hates what is in front of him, but because he loves what is behind him” (G.K. Chesterton). A soldier is a soldier no matter what. If they fight behind a screen, on the front line, or from a controller as long as they’re protecting this country, the people in it, and the people fighting for it they are honorable. Some think that because one does their fighting from a remote control drone means that they have no understanding of war, and in some ways that is true, but they are still taking someone’s life when they choose to press that button just like the solders on the front line takes someone’s life when they pull the trigger. Both people are fighting the same fight: they love the country they are defending the people in it they just do it from different standpoints. Drones
Imagine being involved in so much pain and misery, pharmaceutical tests, vaccine tests, Military experiments and training and brain experiments. 125,000 primates are imprisoned in US laboratories every year. In order to take the Primates at a young age from their natural habits, trappers will shoot the mothers from the tree, shock the animals with dart guns and capture the babies who are still clinging onto their dying mother. Do animals not deserve to be cared for the same way people care for other people? In laboratories, primates go through series of experiments that lead up to their death. 90 percent of primates in laboratories develop psychological issues. After being taken from family, Primates are locked in a small steel cage and left to be alone. At most the primates are given cheap plastic toys, scratched mirrors and occasional fresh fruit such as an apple or banana. Primates will eventually begin to
Over the years, the cost of college tuition has been one of the central issues limiting students, like me, from obtaining the best education that one could receive. Usually, this results in students settling for a school nearby rather than being able to have the choice to go to the best one in which they were accepted into, due to such skyrocket prices. Much of this problem or concern has to do with out-of-state tuition being much higher than in-state tuition, sometimes almost doubling the price of in-state tuition! Therefore, students are more pressured to remain in state rather than go to out-of-state schools that may offer a better education.
Iv'e been a semi-professional musician for over a decade now, but have yet to trash a hotel room, snort drugs from a strippers behind or destroy a television in a fit of adrenaline fuelled madness. So basically, the movies lied to me. Of course, even those amongst us who've never dreamed of picking up a musical instrument have probably wondered what it would be like to go all rock and roll on an old CRT television because not only does it seem like an incredibly cathartic exercise, it just looks so damn cool! And there's nothing worth watching these days that you can't get online anyway. So the new “Rebellion in your Pocket” campaign by AllTogetherNow for Virgin Money really hit a nerve with me, because it largely consists of TV's being destroyed in spectacular fashion.
Over the last ten years people in the United State and around the world have heavily relied more on their debit or credit cards to process transactions of their purchases. In the old days it used to be when you would get your paycheck on Friday and rush to the bank during your break or lunch in order to cash withdraw your funds or deposit them into your account. It used to be where you carry cash to buy groceries, pay bills, and go shopping. Now some people don’t even set foot inside their bank branch because they are paid using direct deposit or the funds are loaded into a debit card provided by their employer. Many employers from around the globe don’t even issue paper check anymore. Bills are often times paid online, babysitters are accepting electronic payment such as PayPal and even food trucks now take electronic payments. According to a Washington Post column by Michelle Singletary society and businesses embrace using cashless ways to pay for things than the old time traditional “cold hard cash”. In my opinion there should still be cash circulating out in the world. My first ...
Robbery rates have always fluctuated depending on many outside factors. Currently, we are experiencing a trend of decreasing robbery rates. The academics are intrigued and eager to see why this phenomenon is happening. This paper will examine and summarize the current state of academic literature on the relationship between poverty and robbery.
Admit it: You 've lied. We all have at some stage or point in our life. Whether you 're asserting your feelings, getting it off your chest or just being plain and distinctly honest, the truth about honesty is that honesty isn 't always the best artery of choice. What 's more, striving on the avenue of complete disclosure can drive an unwanted wedge and result in permanent closure on a relationship. Today, the consequences of lying are often veiled from reality, the unvarnished truth is, we don 't need weapons to fatally hurt those closest to us as the act can be equally carried out with the sharp verbal cuts of a truthful tongue.