If you are struggling with your mortgage, chances are you also aren’t do so well with other credit payments, your savings are being depleted, money management is mangled and all that financial turmoil makes you vulnerable to a host of scams.
Chances are, you got into this pickle because, when it comes to home economics, you just don’t know what you are doing.
Surf the Web on over to the Federal Trade Commissions’ new Money Matters Web site and bone up on they fundamentals.
They still apply.
Another informational Web site from the Feds similar to the more exhaustive MyMoney.gov, but less overwhelming, Money Matters can help get you back on the right track.
Easily digestible content gets you started on everything from credit cards and debt to mortgage problems and job loss.
The site offers short, practical tips, videos, and links to reliable resources for more information on a host of topics, all from the FTC, a watchdog for consumers, working to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them.
Scam Watch: Information on scams related to mortgage and foreclosure rescues; work-at-home deals; secured credit cards; federal grants; economic stimulus; bank failures, mergers and takeovers; credit repair; advance-fee loans.
Credit Cards: Wisely choosing and using credit cards; disclosures; disputes, errors, refunds and payments; prescreened offers of credit and insurance; gold and platinum cards; rights and responsibilities; avoiding fraud; lost credit, ATM and debit cards; credit and debit card blocking; a credit card calculator that tells you how long it will take to pay off your balance making the minimum payment.
Money Management: Budget creating; saving and saving tips; spending; shopping around; coupon use; tracking spending; financial literacy.
Coping With Debt: Debt collection; debt relief services; credit repair; advance fee loans; vehicle repossession.
Your Home: Mortgage payments; repayment plans; forbearance (short sales); loan modifications; home selling; foreclosure rescue scams; bankruptcy; reverse mortgages; mortgage servicing; what to do when you can’t make your mortgage payment.
Jobs: Job loss; business opportunities; work-at-home; wealth building; job-hunting/job scams; seminar pitch red flags.
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