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The credit industry is unveiling a major overhaul in the way auto loans, home loans, new credit cards and insurance are decided. In this special report, Mark Saxenmeyer reports on the new guidelines and how to make sure they don’t hurt your credit rating.
What is a stop foreclosure loan?
As its name implies, it is an advance that a homeowner will seek to prevent losing their home. When a homeowner starts to get behind in mortgage payments the bank, or owner of the title, will alert them that the house will be repossessed. To avoid this the homeowner can take [...]