When your car is repossessed, you could feel trapped in a situation that has many legal ramifications, made worse by the fact that those ramifications vary from state to state. With Credit-Yogi’s database of over 160,000 legal and financial professionals nationwide, you can rest assured expert advice will be provided to you.

Pittsfield, MA -- (SBWIRE) -- 11/24/2015 -- Sometimes things happen that end up leaving one in a financially strapped position. These may include job loss or inability to work due to injury or illness. While one fights to keep his home on solid footing, he may have to sacrifice something else, like his car, to auto repossession. There are actions that address how to stop car repossession, and the knowledgeable people at Credit-yogi.com can help define them. This well-established website helps consumers find solutions to their financial issues.

Simply go online to begin the complimentary initial consultation, which may address:

- Redeeming the Vehicle
- Surrendering the Car
- Refinancing the Loan
- Bankruptcy

Vehicle Redemption
When a person can't make his car loan payments, he can redeem the car. This means that he must pay off the entire amount due on the loan, plus any late fees or other charges he owes. Of course, if he'd had enough to pay off the loan balance, he would have done so, but he has places to look for the amount he needs. Part of figuring out how to stop car repossession is being creative and borrowing from friends, family members or an IRA. Using a car loan calculator is also helpful

Give the Car Back
If one cannot handle his car payment, he might want to give the car back to his creditor. The well-informed experts at Credit-yogi.com can provide facts about this process with a simple phone call, and has supplied this kind of help to thousands of others over time. Generally, if one chooses this option, lenders will forgive the rest of the loan balance because they save the costs of repossessing the vehicle.

Loan Refinancing
Some folks who are learning how to stop car repossession check out refinancing their loan. The idea here is that the lender (or a different one) pays the full amount due on the original loan and then draws up a new one that has lower rates or a longer repayment term. This makes things easier for the borrower and prevents repossession of his vehicle. Compare the rates and terms of several different lenders to get the very best deal.

Don't risk losing your vehicle. Credit-Yogi.com will show you how car refinance has become easier, even with less than perfect credit. Credit-Yogi's services are always free with no obligation.

Get started here: http://goo.gl/PtAh6x

File for Bankruptcy
When one files for bankruptcy, an automatic stay immediately goes into effect, preventing creditors from collection attempts. Chapter 7 bankruptcy allows one some time to negotiate with his lender and get his car back. Chapter 13 bankruptcy includes a payment arrangement allowing one to keep his vehicle. For those needing more guidance before deciding to file for bankruptcy, Credit-yogi.com is here. With its enormous group of fiscal and legal experts operating in every state, it's easy to access the information one needs to make a good choice.

If you are considering bankruptcy as the solution to your repossession dilemma, you need the advice that a Credit-Yogi.com bankruptcy lawyer can provide. Credit-Yogi's services are always free with no obligation. This link will take you to the short "request for information" form that will have a bankruptcy lawyer in your area contact you with a free consultation.

http://goo.gl/m8tjz5

About Credit-yogi.com
Something was missing from common websites, and that was one that provides understandable facts about financial questions. Credit-yogi.com was created to satisfy that need. Thousands of consumers return to obtain the direction they need to resolve their fiscal problems, and anyone else can access it, too. Just dial 866-964-9644, any time – even on a Sunday evening.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 08/25/2014 -- Everyone experiences financial difficulties from time to time. Most of them can come through them unscathed. Unfortunately, others cannot. These folks have to look for some help before things get really bad. One avenue to search is obtaining an auto loan refinance. The exceptional staff at Credit-yogi.com – the # 1 provider of online fiscal advice – can help people learn how to access this financial assistance, and when to do it. One call to the website can address the following topics:

- Defining Car Loan Refinance
- When to Apply for Refinancing
- Credit Rating & Auto Loan Refinance
- Lenders to Approach

Clarifying Auto Loan Refinance

Before seeking auto loan refinance, a person must understand what it is. When a loan is refinanced, it is paid off by a different lender than the original, which then creates a new loan. This will reduce one's payment by offering an extended repayment term or waiving any late fees or other charges one has accrued. Once the refinance goes through, one can relax somewhat regarding this particular expenditure.

Time to Request a Loan Refinance

The time to apply for a car loan refinance comes about slowly. One runs a little late on his auto payments for a month or two. He begins to receive phone calls from his lender asking that he come in to discuss the problem. This is the time to apply for a refinance. If one has questions about this subject, he can call the toll-free 800 number at Credit-yogi.com to run them by a knowledgeable staff member –any time, day or night, even weekends.

Credit Score & Refinance Interest Rates

Another point at which one should try to get an auto loan refinance is while his credit score is still good. If it isn't, he can still get the help he needs; he'll just have to look into sources other than traditional lenders. The higher his score, the lower the interest rate he'll receive, and vice versa. Many financing companies that are not affiliated with a bank exist to help those with lower ratings; look for them online.

Where to Obtain Auto Loan Refinance

As a general rule, primary lenders don't refinance their own loans, so a person will have to go to a different banker for it. So, checking out several other area lenders or those online is a smart move. Keep looking until one locates the best deal. To gather more information about this, visit Credit-yogi.com, which has helped thousands of others in this situation get through it and is able to assist anyone else who needs it.

About Credit-yogi.com
It used to be problematic to find reliable financial information online, but it isn't any more. Credit-yogi.com is fueled by thousands off monetary experts who supply consumers with the guidance they need to make sound fiscal decisions. This user-friendly website has worked with these fact providers – which are located throughout the U.S. – since 1999 with excellent results. For a free initial consultation, dial 1-866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 08/25/2014 -- Sometimes a person facing vehicle repossession needs more time to get his loan caught up, so he hides his car. When the repo man comes to pick it up, it's nowhere to be found. Is it legal to hide a vehicle from the repo man? This is an excellent question for the highly trained staff at Credit-yogi.com- the most dependable supplier of online financial guidance – which is available for discussion 24/7, 365. A complimentary conversation will involve discussion of the following:

- Situations for Hiding a Car
- Defrauding the Creditor
- Rules for the Repo Agent
- Creditors & Replevin

When to Hide a Vehicle

Is it legal to hide a vehicle from the repo man is a good question with a few answers. An example of a situation that merits hiding a car is if one has a tax refund coming in a couple of weeks and just needs that time. Another scenario: One has paid several of his missed payments and only has one more to catch up on his debt. Putting the car under lock and key may give him time to get that last payment together. Legal? Maybe…

Tricking the Creditor

The legality of hiding a car from a repo man comes into question when the act is not to buy one time to bring his loan current, but to defraud his creditor. This means one is obstructing the lender's legal right to repossess a vehicle. The creditor can bring suit against someone who is hiding his vehicle, costing him more money than catching the loan up would have. Credit-yogi.com has worked with thousands of people dealing with repossession; visit the website soon to get some great advice.

Repossession Agent Limitations

A repossession agent gets paid for each time he goes for the car, so the answer to is it legal to hide a vehicle from the repo man doesn't make a bit of difference to him. As an agent fulfilling a contract to repossess someone's car, he does have some limitations, though. For example, he cannot breach the peace (cause a ruckus, break a lock, etc.) in the completion of his assignment. He can't walk about a person's property to find the car, either, and he must leave the premises if someone challenges him.

What's Replevin?

Hiding a vehicle from the repo agent may result in replevin. Replevin is the process a creditor employs to obtain a judgment against a person who is making it difficult for the repo man to get his vehicle. If the auto's owner does not heed the judge's edict, he may face both civil and criminal charges. Learn more about replevin and repossession by stopping by Credit-yogi.com, any time.

About Credit-yogi.com
Credit-yogi.com was created to give consumers fast, accurate answers to their fiscal questions. It has continually done this since its inception in 1999, and plans to go on doing so into the future. For a free initial consultation, dial 1-866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 08/22/2014 -- Auto Loan Default Equals Vehicle Repossession

Lenders must have a legal reason to repossess a person's car. They cannot simply hire a repossession agent to go and take someone's vehicle; there has to be some proof that the owner has violated his agreement with the lender. The most common reason for a creditor to take a vehicle back is because the borrower has defaulted on his car loan. What does default consist of, and why can it result in repossession? Credit-yogi.com – the most reliable provider of online monetary direction – has the answers to these questions, and a brief introductory visit can address the following:

- Late Payments
- Missed Payments
- Lack of Insurance
- Defrauding the Creditor

Past-Due Loan Payments

Most people believe that someone must miss several payments to be in default on his loan, but that's not true, so what does default consist of, and why can it result in repossession? Default has several components, and consistently sending in one's loan payment late is one of them. Not all lenders consider being late each month default; check the terms of one's loan agreement to find out the criteria for that lender.

Withheld Payments

When a borrower does not make any payments in several months, that's default in its most common form. There are ways to deal with not being able to afford one's monthly payments. One of them is to talk to the lender to find out if he'd be willing to lower the payment in some fashion. The folks at Credit-yogi.com have other ideas about what to ask from one's lender; just call or stop by the website to access them.

No Car Insurance

Another response to what does default consist of, and why can it result in repossession is that having auto insurance is part of the loan agreement. If a borrower has had his insurance canceled or canceled it himself, that's default, and a creditor can repossess that person's vehicle. Most states require at least basic coverage; if the vehicle is under loan, it must be fully covered.

Hiding the Car to Defraud the Lender

If a person hides the vehicle about to be repossessed with the intent to defraud his lender, he is in default. This is not only wrong according to the loan agreement, it's also legally wrong. He can face steep fines or possible jail time for trying to swindle the creditor, so it is strongly recommended that he just give the car back gracefully. To learn more about default, contact Credit-yogi.com, which has been operational since 1999 and has helped thousands of others facing repossession.

About Credit-yogi.com
When someone goes online to gather information on a certain topic and can't find it, it's frustrating. That won't happen when he goes to Credit-yogi.com. This free website provides top-notch fiscal direction to all who seek it. Backed by over 200,000 financial professionals, folks can rely on the information they receive from this user-friendly website. For a cost-free preliminary consultation, dial 1-866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 08/22/2014 -- Effective Methods of Vehicle Repossession Prevention

Car repossession occurrences are increasing daily. A person misses a few. Maybe his lender realizes that he has no auto insurance on it, which is, as most folks know, illegal. It's even possible that he has hidden the car in order to defraud the creditor. All of these transgressions add up to vehicle loan default, and all are reasons a creditor can repossess an automobile. Credit-yogi.com – the highest-rated supplier of online monetary guidance – can point out the many sensible methods to prevent car repossession. A free initial conversation with a staff person may target these topics:

- Talk to the Creditor
- Make Up Missed Payments
- Refinance the Loan
- Sell the Car First

Make Nice with the Lender

The first of the many sensible methods to prevent car repossession is to get in touch with the lender as soon as finances take a bad turn. Ask nicely if he will work toward a reasonable repayment plan that may result in a lower monthly amount. Perhaps he'll reduce the principal of the loan, or maybe he'll decrease the interest rate. Either of these actions will give the borrower a payment he can afford, and can also stop a repossession.

Pay the Over Due Amount

Bringing the auto loan current means paying off all of the arrearage on it. This includes not only the balance, but also any late fees or other charges. This isn't always easy, but if one is wise, he'll figure out some way to earn the cash he needs. The folks at Credit-yogi.com have been working with individuals striving to avoid auto repossession since 1999 and has had great success with them. Contact the website 24/7, 365 to access the knowledge necessary to succeed, too.

Seek An Auto Loan Refinance

Here's another of the many sensible methods to prevent car repossession: Ask around to refinance the auto loan. Generally, lenders do not refinance their own loans, so going to a different one will get the results one craves. Be honest about the reason one needs a refinance, and go to the meeting with the loan officer armed with all of the financial documents one can gather. Don't fib or stretch the truth, because before a lender approves or denies a refinance, he will check out every monetary fact.

Privately Sell the Vehicle

Before the creditor can repossess one's vehicle, sell it in a private sale for as much money as one can reasonably get, given the age, model, and condition of the car. Give whatever cash is received right to the creditor. While it may not pay off the amount owed, it can go a long way toward making the lender happier. Visit Credit-yogi.com to discuss other ways to avoid repossession.

About Credit-yogi.com
Credit-yogi.com was created with one mission – to provide accurate, reliable financial direction to consumers whenever they needed it. The website has succeeded in this mission to date, and will continue doing so into the future. For a no-cost preliminary conference, dial 1-866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 07/30/2014 -- Facing foreclosure on one's home is frightening and stressful, especially if one does not understand the mortgage foreclosure laws for his state. Because Credit-yogi.com, the experts in online financial direction, works out of Massachusetts, that is the state upon which the following information is based. Most states' foreclosure laws differ slightly from those of Massachusetts. In a no-cost initial visit to Credit-yogi's website, an individual can ask as many questions as he wishes to, including:

- Quick Facts Inquiries
- Defining Foreclosure by Possession
- What's Judicial Foreclosure?
- "Power of Sale" Parameters

Check Out these Quick Facts
Massachusetts mortgage foreclosure laws include the following: Both non-judicial and judicial foreclosures are available. The proceeding takes about 90 days, and there is no Right of Redemption or Deficiency Judgment. As to the first of this data, a non-judicial foreclosure has a "power of sale" agreement in which the borrower pre-authorizes the lender to sell the home to pay off the defaulted-upon amount. "Redemption" indicates the right of a homeowner to pay off the full amount owed on his home prior to the foreclosure. A "deficiency" is the amount of money owed after a foreclosure sale.

Explanation of Foreclosure by Possession
Massachusetts allows Foreclosure by Possession. This means that, after a homeowner has defaulted on his mortgage loan, the lien holder can claim possession of the home by following these 3 steps: a) Getting a court order; b) Entering the property in a non-threatening manner; and c) Obtaining the consent of the buyer. Should any of the preceding require more clarification, visit Credit-yogi.com and the knowledgeable staff members will talk one through them until they're clear.

Judicial Foreclosure Defined
One of the Massachusetts mortgage foreclosure laws is that of judicial foreclosure, which is that one that does not have a "power of sale" option attached to it. A "Power of Sale" agreement is one in which the homeowner gives the lender pre-authorization to sell the house to pay off the mortgage loan in the event of default. This type of foreclosure is available in many states, but the non-judicial type is utilized much more often.

Power of Sale Considerations
Here are the rules for a "Power of Sale" foreclosure, which Credit-yogi.com is happy to share with those who require them: There must be a public notice of sale where the property is located. That notice must also be sent by registered mail to the borrower at his last known address not less than 2 weeks before the foreclosure, and must be announced publicly once weekly for 3 weeks in a local newspaper so there is no possibility that the borrower will not be aware of the lender's intention to foreclose.

About Credit-yogi
Credit-yogi.com was established in 1999 to address consumers' needs to have fast, truthful answers to their financial questions. Backed by the intelligence of over 200,000 fiscal experts, the website has successfully provided those responses, resulting in thousands of repeat visitors. For a complimentary preliminary consultation, dial 1-866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 07/30/2014 -- The idea that someone could lose his home to his lender is just scary, and he may not know how to stop foreclosure and eviction from his house. That's where Credit-yogi.com comes in. This well-established website provides fiscal guidance and assistance such as information on the Making Home Affordable program that can save a person's home. The initial consultation is free. Here are the following solutions:

- Making Home Affordable
- HUD
- HAMP
- HARP

What's Making Home Affordable All About?

Back in 2009, the Obama administration created the Making Home Affordable program to help struggling homeowners keep their domiciles by showing them how to stop foreclosure and eviction. The program works through the Department of Housing and Urban Development (HUD) and through program-approved lenders. There are several components to the program, the most accessible of them to be discussed further on. All of them are available to help folks facing foreclosure.

HUD Helpful Connections

To get to HUD, one can call the Federal Housing Administration (FHA), which is part of HUD, at 1-800-225-5342 (1-800-CALL-FHA). Two solutions to stopping foreclosure offered through them are the Principal Reduction Alternative (PRA), which urges lenders to reduce the principal of a mortgage by offering them incentives, and the FHA Forbearance for Unemployed Homeowners, which makes it possible for a troubled homeowner to not pay his mortgage for up to 12 months. For more information on this assistance, stop by Credit-yogi.com and learn what else is out there.

Home Affordable Modification Program (HAMP)

HAMP is the most accessible of the MHA programs. Hundreds of thousands of homeowners have received this plan's aid and kept their houses. By modifying one's mortgage loan, it's possible to stop foreclosure and eviction from one's home. Modifying a mortgage means that changes are made to it that lower the payment. Some of these changes are reducing the interest rate or increasing the length of repayment period. Both of these are excellent ways to remain in one's home.

Home Affordable Refinancing Program (HARP)

Similarly to HAMP, HARP lowers the monthly mortgage payment through the same methods HAMP does. However, this program is specifically crafted for those who are "underwater" in their mortgages. This means, as one could find out from Credit-yogi.com with just one visit, that the house is no longer worth the amount the owner is paying for it. Refinancing (the "R" part of HARP) is the process by which one's original mortgage loan is paid off and a new one is drawn up in such a way that the overall payment is less than it was prior to refinancing.

About Credit-yogi.com
Fifteen years ago, Credit-yogi.com was created to answer consumers' needs to acquire accurate, rapid responses to their fiscal questions. Backed by the power of 260,000 financial and legal wizards, the website has continually met the demands of its visitors. For a no-cost preliminary consult, dial 1-866-964-9644. Call any time – even on a Sunday night.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 07/30/2014 -- How Does Creditor Repossession Compare to Voluntary Repossession?

Most people know someone whose car has been repossessed. They may not know about voluntary repossession, which is different from lender repossession. So how do voluntary and creditor repossessions compare? Credit-yogi.com – the most trustworthy supplier of online fiscal guidance – can answer these questions in an opening conversation with a staff member, during which these topics may be covered:
- Defining Creditor Repossession
- Explaining Voluntary Repossession
- Damage to Credit Scores
- Recuperating from Either

Creditor Repossession Process

If someone defaults on his car loan, the creditor can begin the repossession procedure. He'll let the borrower know the car will be repossessed, hire a repo agency, then pay an agent to bring the vehicle to a storage facility. This should be straightforward, but is often complicated by automobile owners. Credit-yogi.com has 15 years' experience with car repossession to share with those in need of it; just stop by the website to pick it up.

Voluntarily Surrendering a Vehicle

Voluntary auto repossession happens when a borrower gives the vehicle back to his lender because he can no longer afford the payments. How do voluntary and creditor repossessions compare? When one gives his vehicle back on purpose, it shows that he is responsible enough to realize his inability to handle the payments, making the lender more willing to work with him again. A person whose vehicle is repossessed against his wishes is not in the same position.

Effects on Credit Scores

Damage is done to one's credit rating by both kinds of repossession, but voluntary repossession causes less injury than one ordered by a creditor. Giving the vehicle back because one can't pay for it is less harmful because it's voluntary. When a lender has to hire a company to get the vehicle, it reflects poorly on the borrower and does more credit damage. Credit-yogi.com has a 24/7, 365 toll-free number that folks can dial to ask questions with no obligation, so call soon to learn more about repossessions.

Healing from the Pain

How do voluntary and creditor repossessions compare? Well, it takes much less time to recuperate from giving one's car back than it does to get over one begun by a creditor. Although both result in people having no vehicle, it's also easier for one who surrenders his car to get a loan for a different one later. Lenders frown on those who've had their autos taken back, so their chances of obtaining a loan up the road are slim. Consensus? Given the choice, voluntary repossession is a far better option than creditor repossession.

About Credit-yogi.com
Credit-yogi.com is fueled by more than 200,000 fiscal experts, so the information obtained from it is absolutely reliable. They are unsurpassed in their integrity, and they have consistently accomplished their original goal of providing the best answers to consumers' online financial inquiries. To obtain a no-cost introductory consultation, please dial 1-866-964-9644 whenever it's convenient to do so.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 07/30/2014 -- Financial rough spots make it tough for folks to keep up on all their loan payments. This, in turn, results in the possibility of auto repossession or other negative financial occurrences. For those in this position, there are answers to how to stop a car repossession. The good people at Credit-yogi.com can provide accurate information about halting auto repossession. A free initial consultation can send an individual on his way to fiscal fitness, allowing him to keep his vehicle by discussing such topics as:

-Talking with the Lender
-Surrendering the Auto
-Paying the Arrearage
-Refinancing the Car Loan

Contact the Lender

Contact the lender when a problem begins, and it's likely the financer will work with one. However, if the individual defaults on the loan, it's a different story. The lender may go through with taking the auto back.Credit-yogi.com is an all day, all night, all year website that is always available to answer questions about preventing the loss of one's vehicle, so stop by or call to get some great guidance. A tip: Ask around to other lenders who may be willing to assist one.

Give the Car Back Voluntarily

If there's no way for someone to address how to stop a car repossession, he has other options. One of these is to give the lender the car. This actually saves that individual money, as he won't have to pay any costs the lender incurs by starting the repossession process. By surrendering the auto, the borrower can often get out of paying the amount he owes on the vehicle, which is a step in the right direction.

Pay Up, Pal

Pay off what is owed on the loan. Sounds easy, doesn't it? However, if one had the money to pay off the loan, he wouldn't be in this position, right? Well, he could ask family members or friends for enough of a loan to cover the arrearage. Credit-yogi.com has been assisting folks with financial difficulties for 15 years, and can offer other ways for a struggling car owner to come up with the money he needs to keep his car, Just stop by to utilize this advice.

Look Into Auto Loan Refinance

When the situation is such that one's original lender won't work with one, it may be time to get an auto loan refinance. This is a sensible response to how to stop a car repossession. Refinancing a loan means taking out a new one with a different lender and paying off the original in full. The refinance will often give a longer repayment term, as well as a decent interest rate, making it a reasonable solution to this problem.

About Credit-yogi.com
Back in 1999, there was no reliable supplier of smart fiscal guidance, leaving people without necessary financial answers. Credit-yogi.com came into being to address this problem, and has consistently done so since inception. For a complimentary consultation, dial 1-866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 07/08/2014 -- If one falls behind on his car loan, he could find himself facing the repossession process. What if an individual decides to hide his vehicle until he can get caught up on his loan? What are the penalties for hiding a car during repossession? Credit-yogi.com, the top-rated provider of dependable online fiscal guidance, is here to help by giving people in this position the facts about the legal repercussions of this action.

One no-cost initial visit to the website can introduce these subjects for discussion
- The Repossession Process
- How to Avoid Repossession
- Legal Results of Hiding the Vehicle
- Selling the Car

The Process of Repossession

After just 2 missed payments, a lender can institute repossession actions. Should the creditor do so, he must let one know, in writing and in a timely manner, that this is the case. If these missives are ignored, he contacts a repossession agency, which sends a representative to go get the vehicle. Read on to get answers to "what are the penalties for hiding a car during repossession?"

Avoiding Auto Repossession

There are several ways to avoid repossession of a car. One could talk with his lender to work out an acceptable arrangement. He should make a few late payments. If he does this and the lender accepts them, he may forfeit his right to repossess the vehicle. Of course, hiding the auto is an option. Credit-yogi.com has helped thousands of folks in this position. Available 24/7, 365, it's easy to access any information.

Ramifications of Hiding the Automobile

Some answers to "what are the penalties for hiding a car during repossession?" include being arrested for stealing the automobile, facing huge fines, and going to jail. There's also the moral repercussion: Neighbors and others may tell the repo guy where the auto is, if they know, because they feel it's wrong to keep the bank's property. None of these sounding good? They aren't meant to. Think about these possible punishments for concealing the whereabouts of a car before doing it to avoid them.

Sell the Vehicle before the Bank Can

Rather than hiding the car from the repo man, attempt to sell it via private sale before it gets to that point. As long as the vehicle is in one's possession and he isn't too far behind on his loan payments, he can do this. If he gets enough money from the sale to cover his arrearage, he can pay off the lender and be out of hot water. Credit-yogi.com has a toll-free number one can call just to ask questions about anything fiscally pertinent. It never hurts to call and someone's always there to answer.

About Credit-yogi.com
Credit-yogi.com was created with one goal – to provide the fastest, most accurate answer to consumers' financial inquiries. For 15 years, it has met this goal, and intends to continue doing so indefinitely. For a no-cost preliminary consultation, dial 866-964-9644 at any time – even a Saturday morning at 6:00!

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 06/18/2014 -- No one wants to have their vehicle taken back by their banks. It's a source of stress for the individual whose auto is no longer his. Military members facing auto repossession don't have to worry about it happening as much as non-military people. There are special considerations for those serving the U.S. that answer how to stop car repossession, and the knowledgeable staff at Credit-yogi.com can explain them during one visit or call to the site. Some topics to be discussed may include:

- SCRA
- Creditor Repercussions
- Coverage by SCRA
- SCRA Coverage Period

Servicemembers Civil Relief Act (SCRA)

Under the Servicemembers Civil Relief Act of 2003, the creditor (lender who approved the car loan) cannot repossess the vehicle of an active duty military member. In order to qualify for such a consideration, one must have taken out and made a deposit or first payment before he entered the Armed Services. Credit-yogi.com, the most highly rated online dispenser of fiscal information, has more info on this subject and is happy to share it. Stop by or visit the website to learn more.

Creditor Consequences if Petitioning Court

If a lender chooses to go to court to gain permission to repossess a military person's vehicle, he may find himself having to repay all moneys paid in on the loan to this point. If this is the case, he cannot take possession of the car until these repayments have been made. Also, at the request of the soldier, the court can grant a stay of the process for up to 90 days as long as the individual's military service prevents him from making his payments. This is often a good response to how to stop car repossession because the pressure is on the lender not to go through with the process.

People Covered by SCRA

Simply put, the Servicemembers Civil Relief Act covers anyone who is in military service. These include those in all four major branches of the military (Army, Navy, Marines, & Air Force), reservists, and U.S. citizens serving alongside foreign allied forces. Credit-yogi.com, accessible all day, every day, all year long, has more to share with those interested in this subject. A call or visit to the site can grant access to it quickly.

Period of SCRA Coverage

This response to how to stop car repossession begins the day one receives his orders for active duty. It will also cover a military person when he is given his date to report for service (reservists), his date of induction (selective service) and if he is legally not participating in active duty due to illness or leave. SCRA coverage ends roughly 90 days after one is discharged, leaves service, or dies.

About Credit-yogi.com
Credit-yogi.com was established 15 years ago and quickly became the top-rated online supplier of accurate, fast answers to the inquiries of consumers. Fueled by thousands of fiscal experts, the website has consistently accomplished its goal since inception. For a cost-free preliminary consultation, dial 1-866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 06/18/2014 -- Sometimes things happen that end up leaving one in a financially strapped position. These may include job loss or inability to work due to injury or illness. While one fights to keep his home on solid footing, he may have to sacrifice something else, like his car, to auto repossession. There are actions that address how to stop car repossession, and the knowledgeable people at Credit-yogi.com can help define them. This well-established website helps consumers find solutions to their financial issues. Simply go online to begin the complimentary initial consultation, which may address:

- Redeeming the Vehicle
- Surrendering the Car
- Refinancing the Loan
- Bankruptcy

Vehicle Redemption

When a person can't make his car loan payments, he can redeem the car. This means that he must pay off the entire amount due on the loan, plus any late fees or other charges he owes. Of course, if he'd had enough to pay off the loan balance, he would have done so, but he has places to look for the amount he needs. Part of figuring out how to stop car repossession is being creative and borrowing from friends, family members or an IRA.

Give the Car Back

If one cannot handle his auto loan payments, he might want to give the car back to his creditor. The well-informed experts at Credit-yogi.com can provide facts about this process with a simple phone call, and has supplied this kind of help to thousands of others over time. Generally, if one choses this option, lenders will forgive the rest of the loan balance because they save the costs of repossessing the vehicle.

Loan Refinancing

Some folks who are learning how to stop car repossession check out refinancing their loan. The idea here is that the lender (or a different one) pays the full amount due on the original loan and then draws up a new one that has lower rates or a longer repayment term. This makes things easier for the borrower and prevents repossession of his vehicle. Compare the rates and terms of several different lenders to get the very best deal.

File for Bankruptcy

When one files for bankruptcy, an automatic stay immediately goes into effect, preventing creditors from collection attempts. Chapter 7 bankruptcy allows one some time to negotiate with his lender and get his car back. Chapter 13 bankruptcy includes a payment arrangement allowing one to his vehicle. For those needing more guidance before deciding to file for bankruptcy, Credit-yogi.com is here. With its enormous group of fiscal and legal experts operating in every state, it's easy to access the information one needs to make a good choice.

About Credit-yogi.com
Something was missing from common websites, and that was one that provides understandable facts about financial questions. Credit-yogi.com was created to satisfy that need. Thousands of consumers return to obtain the direction they need to resolve their fiscal problems, and anyone else can access it, too. Just dial 1-866-964-9644, any time – even on a Sunday evening.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 06/18/2014 -- Financial rough spots make it tough for folks to keep up on all their loan payments. This, in turn, results in the possibility of auto repossession or other negative financial occurrences. For those in this position, there are answers to how to stop a car repossession. The good people at Credit-yogi.com can provide accurate information about halting auto repossession. A free initial consultation can send an individual on his way to fiscal fitness, allowing him to keep his vehicle by discussing such topics as:

-Talking with the Lender
-Surrendering the Auto
-Paying the Arrearage
-Refinancing the Car Loan

Contact the Lender

Contact the lender when a problem begins, and it's likely the financer will work with one. However, if the individual defaults on the loan, it's a different story. The lender may go through with taking the auto back. Credit-yogi.com is an all day, all night, all year website that is always available to answer questions about preventing the loss of one's vehicle, so stop by or call to get some great guidance. A tip: Ask around to other lenders who may be willing to assist one.

Give the Car Back Voluntarily

If there's no way for someone to address how to stop a car repossession, he has other options. One of these is to give the lender the car. This actually saves that individual money, as he won't have to pay any costs the lender incurs by starting the repossession process. By surrendering the auto, the borrower can often get out of paying the amount he owes on the vehicle, which is a step in the right direction.

Pay Up, Pal

Pay off what is owed on the loan. Sounds easy, doesn't it? However, if one had the money to pay off the loan, he wouldn't be in this position, right? Well, he could ask family members or friends for enough of a loan to cover the arrearage. Credit-yogi.com has been assisting folks with financial difficulties for 15 years, and can offer other ways for a struggling car owner to come up with the money he needs to keep his car, Just stop by to utilize this advice.

Look Into Auto Loan Refinance

When the situation is such that one's original lender won't work with one, it may be time to get an auto loan refinance. This is a sensible response to how to stop a car repossession. Refinancing a loan means taking out a new one with a different lender and paying off the original in full. The refinance will often give a longer repayment term, as well as a decent interest rate, making it a reasonable solution to this problem.

About Credit-yogi.com
Back in 1999, there was no reliable supplier of smart fiscal guidance, leaving people without necessary financial answers. Credit-yogi.com came into being to address this problem, and has consistently done so since inception. For a complimentary consultation, dial 1-866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/30/2014 -- Financial setbacks can result in some terrible happenings. Families have lost homes because of them. Individuals have declared bankruptcy. Businesses have gone under. Personal fortunes have been eradicated. Worst, for some, is the loss of their vehicles because of fiscal difficulties. Credit-yogi.com, a full service, cost-free website that specializes in financial issues, is here to help hard working people avoid losing their autos to their lenders by offering some suggestions about how to avoid car repossession, such as:

-Catch Up on Overdue Loan Payments
-Loan Reinstatement
-Sell the Vehicle
-Refinance the Auto Loan

Bring the Vehicle Loan Current

One way to retain ownership of one's vehicle is to bring any arrearage on the loan up to date. This includes any late fees and other charges attendant to the debt. There are several reasonable answers to how to avoid car repossession. For example, one could petition family members for a loan, or he could apply for a personal loan through a bank. Perhaps there's a cash-valued life insurance policy he could borrow against, or maybe an IRA at work. If one puts his mind to it, the possibility of bringing the loan current is attainable.

Reinstate the Auto Loan

Many car loans come with the option to reinstate them should borrowers default on them. Reinstatement can prevent car repossession or get the vehicle back after it. Get in touch with Credit-yogi.com to find out more ways to get one's car back after it's been repossessed or to stop that action before it begins. Any call to the toll free number listed further on will be answered by a trained staff member, whether it's made at 2:00 in the morning, 2:00 in the afternoon, or on a weekend day.

Place the Car Up for Sale

The repossession process goes like this: The lender makes attempts to reach the borrower by phone and letter, then contacts a "repo" agent to find and take back the auto. The lender then places the car up for auction, hoping he'll get the full asking price. One smart tactic that addresses how to avoid car repossession is to sell the vehicle first. If one can get a good price for the auto, he can pay off the loan balance and be free and clear, if out of a car.

Auto Loan Refinance

One of the other solutions to stop vehicle repossession is to refinance the loan. This means that a different lender will pay off the existing loan and devise a new one which has better terms and rates. Credit-yogi.com has helped thousands of people solve their fiscal difficulties since 1999, and, powered by the combined wisdom of hundreds of fiscal experts, is able to dispense wise suggestions to those who need them.

About Us
Many years ago, the need for consumers to have a place to go for answers to their financial questions became apparent. In response to that necessity, Credit-yogi.com was developed. For a free initial consultation, dial 1-866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Pittsfield, MA -- (SBWIRE) -- 05/16/2014 -- Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification program known as HAMP. Every mortgage loan that is approved comes with Private Mortgage Insurance (PMI), which means that if someone defaults on it, the lender loses nothing. Credit-yogi.com is here to give folks some tips on encouraging lenders to work out a foreclosure prevention plan with consumers, such as:

- Don't Visit Original Lender 1st
- Ascertain Eligibility for HAMP
- Get Paperwork in Order
- Now Contact a Lender

No Need for Primary Lender Input 1st

Understand that a person does not have to meet with his original lender to find out if he's eligible for the affordable mortgage program started by President Obama. Because lenders' investments are covered by mortgage insurance, they are unlikely to help a consumer learn how to become eligible for the plan. In short, there's no need to approach the primary lender when one is just starting to look into the program.

Find Out Program Eligibility

If a homeowner is facing foreclosure, there are things he can do to stop the process altogether. He can look into whether or not he qualifies for the Obama HAMP. Believe it or not, he can do this on his own; he does not need to visit his lender. By logging onto the HAMP website, he can put in his financial information and await a response, which could take up to 3 weeks to receive. Another option is to utilize a fiscal assistance website such as Credit-yogi.com, which can get a reply regarding one's qualifying for the program in about 5 days.

Pull the Paperwork Together

It is very important to have all of one's financial ducks in a row, so to speak. Be sure to find out what, exactly, is required as far as fiscal documents go, as it will make it easier to work with the Obama mortgage modification program. One will need to provide at least 8 weeks' worth of pay stubs, a provable financial hardship, proof of any money in the bank, and any other monetary assets one has. It's also a good move to have documentation that the property one is trying to hold onto is not condemned.

Now Contact a Lender

Now it's time to go see the lender that originally approved the mortgage. Because one is looking into the Obama modification program to modify his existing mortgage (make changes to it), he must deal with that financer. The homeowner must have all of his facts straight, and must be able to hand the lender all of his financial information. The lender cannot then refuse to assist him in accessing HAMP.

About Credit-yogi.com
Credit-yogi.com has been helping individuals get rapid, accurate answers to their financial questions for 15 years. Its goal has always been to provide a secure place for folks to ask, and receive responses to, their inquiries, and it has consistently done for all that time. For a free initial conference, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/09/2014 -- Homes are being foreclosed on all across America. This is a terribly stressful situation for homeowners, and they need help to stop a foreclosure before they lose their houses. Fortunately for them, there are lots of ways to accomplish this, from nearby lenders to federal assistance. Credit-yogi.com is here to help people prevent foreclosure by pointing out some of their options, such as:

- Local Financial Institutions
- HUD Assistance
- Loan Modification and/or Refinance
- Establishing Eligibility

Community Lenders

A homeowner facing foreclosure does not – and should not – have to approach his original lender for help. Truthfully, doing so can result in delays and eventual denials, usually after giving a lender tons of personal financial information. It may be wise to hire foreclosure defense attorneys that do not charge until your problem is successfully resolved, but not right away. Check out local credit unions and banks other than the one that approved the mortgage in the first place. Be sure to compare a few of them before choosing one to get the best rates and terms.

Department of Housing and Urban Development Help

HUD is the most helpful mortgage foreclosure prevention division of the Federal government. It offers low-cost or free counselors who are specially trained in working with folks dealing with fiscal difficulties. HUD also urges lenders to reduce a mortgage's principal amount, which results in a lower payment. Also, HUD has programs that help with 2nd and 3rd mortgage trouble. Credit-yogi.com suggests going to HUD's website for more details on how this organization can assist people.

Refinance or Modify a Mortgage

Among other ways to get out from under a foreclosure action is utilizing the Internet. Check out sites such as bestloanmodificationcompanies.com to modify one's mortgage. When modification is implemented, changes are made to the initial mortgage. Some of these are lowering the interest rate or giving a borrower more time to repay the loan. If a mortgage is refinanced, the first loan is totally paid off and a brand new one with better terms. Both actions will enable a homeowner to get a lower monthly payment, allowing his to keep his home.

Ascertain Program Eligibility

Before signing applications or other paperwork with any lender, make sure to establish which programs one qualifies for. Does a particular person's predicament seem suited to bankruptcy to prevent foreclosure programs? Perhaps it would be better to investigate HAMP (Home Affordable Modification Program) to resolve his dilemma. Maybe refinancing the mortgage through HARP (Home Affordable Refinance Program) would be more effective. Whichever programs one can qualify for, when ready to apply for them, go armed with proof of eligibility to expedite the process and save one's home.

About Credit-yogi.com
Created in 1999, Credit-yogi.com took aim at one goal – to supply accurate, rapid responses to the financial questions of consumers. Backed by the brilliance of thousands of fiscal and legal personnel, the website has steadily succeeded in meeting that goal, resulting in endless repeat customers. To obtain a cost-free preliminary conference, dial 866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/09/2014 -- There are many families living in homes they may have to leave if they can't forestall a foreclosure procedure. Often, the homeowners have looked into the best loan modification companies to no avail. They've made inquiries into other options, but have realized that filing for bankruptcy is be the only way they can get out of this predicament. Credit-yogi.com is here to help people dealing with foreclosure by clarifying how bankruptcy can help stop the process, such as:

- Automatic Stay
- Chapter 13
- Chapter 7
- Bankruptcy Lawyers

The Automatic Stay
The automatic stay prevents creditors from attempting to collect debts from a person facing foreclosure. When homeowners are at the point where "My bank keeps avoiding my mortgage modification request" sums up their situations, bankruptcy may be their best move. There are two types of bankruptcy that can help prevent foreclosure, Chapters7 and 13, both of which work differently and which will be explained below.

Chapter 13 Bankruptcy
When the Obama HAMP plan went into effect, many people were in debt so far over their heads that they didn't qualify for it. When a person files for Chapter 13 bankruptcy, he's actually signing a contract to repay his creditors over an approximately 5-year time period. This type of bankruptcy looks at one's overall worth and works with him to devise a reasonable repayment schedule. With this method, he is usually able to keep his home. Credit-yogi.com recommends contacting a good bankruptcy lawyer to help figure out an affordable reimbursement plan.

Chapter 7 Liquidation Bankruptcy
Periodically, the realization that his "lender keeps avoiding my mortgage modification request" hits him and he sees that he'll have to look at a different source to help him avoid foreclosure. Chapter 7 bankruptcy also has the automatic stay, but it liquidates any assets one has in order to pay off as many debts as possible. While this can be helpful when foreclosure is looming in the future, it cannot save a home. It can give an owner time to find another house, though, or to save enough to rent an apartment, so it's still worth doing.

Attorneys for Successful Bankruptcies
After looking at the best loan modification companies and all the other options to avoid foreclosure, it may be wise to accept that bankruptcy is the course of action one must take and find an experienced lawyer to ascertain that one's result is as positive as it can be. Asking other people who have filed for bankruptcy who they chose is one way to begin the search, as is going online to the state or local bar associations. These hold a wealth of information about every attorney and can be valuable tools to choose the right one.

About Credit-yogi.com
When Credit-yogi.com was established 15 years ago, it had one mission – providing consumers with true, fast answers to their financial inquiries. The thousands of repeat visitors to the website prove that it has succeeded in accomplishing this goal. For a complimentary initial conference, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/06/2014 -- Most folks have heard of the government-sponsored foreclosure prevention programs, but they might not be familiar with how to get word of their status in days rather than months. Welcome to Mortgage Audit Corp. When a homeowner applies for aid through any of the mortgage loan modification services, they may have to wait several months to receive a response. Here is what Mortgage Audit Corp (MAC) & its partner Credit-yogi.com can do to help speed up the process:

-Lenders & MAC
-Free Initial Consultation
-No Need, No Case
-Referrals to Other Monetary Agents

Mortgage Audit Corp & Lenders

The truth about banks is that they would much rather work to push a foreclosure process forward. Because the mortgages they approve are insured, there's no reason for them to prevent a foreclosure. When a foreclosure goes through, lenders actually benefit. However, because Mortgage Audit Corp is not affiliated with any mortgage modification firms, it can do a thorough financial analysis and research the best options for one's situation without bias.

Complementary Conference

Trying to figure out which loan modification company will look out for a consumer's best interests can be difficult. That's why Credit-yogi.com, through Mortgage Audit Corp, provides all website visitors with a free, in-depth consultation. There are no up-front costs; only after a contract is signed will there be reasonable fees. During this initial conference, MAC will supply an individual with knowledge of which program(s) he qualifies for, and will even help with any questions he has.

No Case Unless Necessary

Credit-yogi.com and Mortgage Audit Corp are proud of their well-earned reputation for not accepting a case unless the individual is truly in need of their services. This cannot be said of some of the best loan modification companies out there, which often take a person's even if he does not need their help. This is a deceitful way for these businesses to make money off of struggling homeowners, and MAC would never be a party to such sneakiness.

Courtesy Referrals if Required

Once in a while, Mortgage Audit Corp cannot help the person who is asking for their assistance. As infrequently as that happens, MAC will refer the individual to one of the top home loan modification companies. They do not do this lightly; it must be impossible for them to provide the right kind of aid to their customer before taking this step. However, if this is the best way to serve their consumers, they'll do it. Remember, too, that MAC will provide a person with a listing of every foreclosure prevention program he is eligible – at no cost. Simply log on to Credit-yogi.com to find out what is necessary for one to do so he qualifies for each assistance program.

About Credit-yogi.com
Credit-yogi.com was created in 1999 with one goal – to give consumers the fastest, most accurate answers possible to their fiscal inquiries. To this day, this user-friendly website is consistently achieving this aim. For a free preliminary consultation, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/01/2014 -- Foreclosure is a devastating process that forces families out of their homes. This is frightening and frustrating for these folks, as it isn't always easy to move to a different home. HAFA (Home Affordable Foreclosure Alternatives) has ways to help these families, including clarifying the HAFA short sale guidelines to make them easily understandable. Credit-yogi.com is familiar with HAFA and would like to share its knowledge, such as:

-Defining What HAFA Is
-Ways to Stop Foreclosurea
-Get a Financial Analysis
-Know Every Option

What is HAFA?

HAFA is made for people who aren't able to utilize HAMP or HARP to avoid foreclosure. HAFA has two options to help these folks, a short sale and a deed-in-lieu of foreclosure. The HAFA short sale guidelines are very similar to those of HAMP, so lenders enrolled in the HAMP program are also available to those utilizing HAFA . Some of the requirements for HAFA's help include not having a condemned piece of property, having obtained the mortgage prior to Jan. 1, 2009, and being able to show proof of a financial hardship.

Other Methods to Halt Foreclosure

As mentioned above, HAMP & HAMP can also prevent foreclosure. HAMP is one of the most popular affordable foreclosure alternatives because it's easy to obtain. HARP refinances a mortgage, rather than making changes to it, as HAMP does. Both of these programs make paying the mortgage payment much easier on homeowners, as long as they meet the requirements for them. A few such prerequisites include having a debt-to-loan ratio not exceeding 31%, proving that the property is not condemned, and that it is one's primary residence.

Understand One's Financial Position

Before beginning to seek government help to stop a foreclosure process, be sure to obtain a professional financial analysis. This is a very important detail that most people looking into a HAFA approved short sale. It is imperative that one knows where he stands prior to meeting with lenders. Contact a professional financial auditing business such as Credit-yogi.com to receive a free, 40-page fiscal outline of one's financial situation; it will help as one searches for foreclosure prevention help.

Consider Every Option

Before signing paperwork for a HAFA-approved short sale, be certain that no other foreclosure avoidance plan would work for one's situation. HAMP (Home Affordable Modification Program) can help stop a foreclosure by making changes to a mortgage that result in a lower monthly payment. An example of such a change is a reduction in the interest rate on the mortgage. HARP (Home Affordable Refinance Program) can also stop foreclosure by paying off the original mortgage and drawing up a new one that has better terms. Check into eligibility requirements for these options before applying for HAFA by going online to the government's website.

About Credit-yogi.com
Fifteen years ago, consumers' need for reliable, accurate answers to their financial queries became apparent. Credit-yogi.com recognized this necessity and rose to the challenge, consistently providing those responses. For a free initial conference, dial 66-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/01/2014 -- Those facing foreclosure should look into a loan modification company. These businesses help people avoid this financial disaster by changing the terms of their mortgages. The application for modification is similar to that of the original loan, and can take the same amount of time to hear back about. Credit-yogi.com can cut that time down to 5 days or fewer, and is here to share its knowledge of this subject, including:

- Mortgage Audit Corp
- Government Modification Options
- Non-U.S.-sponsored Choices
- Bankruptcy Solutions

Meet the Mortgage Audit Corp

As partner of Credit-yogi.com, Mortgage Audit Corp provides consumers with assistance to modify a mortgage quickly. While not a loan company, Mortgage Audit does offer loan modification services. Because they use the exact same software as other financial institutions, they can let a person know whether or not he's been approved rapidly. This company can tell someone about all of the programs available and how to access them. Overall, it can benefit a consumer, which is the point of the partnership.

Help from the U.S Government

The best loan modification companies facilitate use of government-backed modification programs such as HAMP and HARP, which modify and refinance loans to lower the payments. Working with HAMP-approved lenders, an individual gathers such information as proof of his financial hardship, pay stubs for the past 3 months, and proof that the original mortgage was not taken out before Jan. 1, 2009. The application will be processed, and within anywhere from 3 to 9 months, the applicant will receive his response.

Non-Government Aid

Sometimes, a person's original lender has an in-house modification or refinance program. This can be helpful, although they aren't mortgage modification firms, which are far more effective. When a person applies for either of these financial options, he must go through the same application process as he did originally. The procedure can take up to three months to complete, what with errors in tabulation on the part of either party, misplaced paperwork, and other delays. The situation isn't much better if one chooses a credit union, although their interest rates tend to be lower than their competition's. Whichever choice one makes, he should not expect a fast response, unless he goes through Credit-yogi.com and Mortgage Audit Corp.

The Feasibility of Bankruptcy

Filing for either Chapter 7 or Chapter 13 bankruptcy can stop a foreclosure. Although it cannot be done through even the top home loan modification companies, it can be through one's original lender. The moment a bankruptcy is filed, the automatic stay goes into effect, preventing creditors from trying to collect debts without permission of the court. This can give a debtor time to figure out how to come current on his mortgage or to find a less expensive place to live.

About Credit-yogi.com
Established 15 years ago, Credit-yogi.com had one goal – to supply truthful, rapid responses to the financial inquiries of consumers. Since then, this no-cost website has unswervingly accomplished that aim. For a free initial consultation, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 05/01/2014 -- Foreclosure affects thousands of hard working families every year, leaving them scared, stressed, and worried. HAMP and HARP are programs that can stop foreclosure, but some folks don't qualify for these plans. For them there's HAFA, Home Affordable Foreclosure Alternatives. These affordable foreclosure alternatives include a few choices, and Credit-yogi.com is here to explain them so they're understandable. Here is what troubled homeowners facing foreclosure need to know:

- Defining HAFA
- Short Sale
- Deed-in-Lieu of Foreclosure
- Is HAFA a Good Choice

HAFA Clarified
What is HAFA? The acronym stands for Home Affordable Foreclosure Alternatives, and it's a foreclosure preventative in which the borrower and the lender reach an agreement about how to satisfactorily sell a house so that both borrower and lender benefit. The program offers two different ways such a solution can be reached: a short sale or a deed-in-lieu of foreclosure. Both of these options encourage the borrower to sell his home either to another borrower at a reduced price or back to the lender.

Defining a Short Sale
A short sale occurs when a homeowner sells his home to another person for less than what he owes the lender. HAFA short sale guidelines are rather complex. For eligibility, one must have purchased the home prior to 2009. He has to consider the house his primary residence and must have been deemed ineligible for other foreclosure prevention programs. He must be HAMP (Home Affordable Modification Program) qualified, but he can be either current or delinquent on his loan. Lastly, he must also be able to prove his financial hardship.

Explaining a Deed-in-Lieu of Foreclosure
Simply put, a deed-in-lieu of foreclosure occurs when a borrower sells his property back to his lender. This is an alternative to a HAFA approved short sale, although one must take some time to really think this option through. While the deed-in-lieu does get the homeowner out of debt and prevents foreclosure, it benefits the lender also. Banks can re-sell the home for more than what was paid to get the former owner out of trouble. Consider that fact before accepting this option.

HAFA: The Right Choice?
HAFA is a great alternative to foreclosure, which remains on an individual's credit reports for up to 7 years. However, keep in mind that this process does negatively affect one's credit rating, although not so badly as foreclosure. When a person goes over his possible solutions to his financial difficulty, he may come to realize that the HAFA approved short sale is his best bet. To apply, contact a financial group that understands the process, such as Credit-yogi.com, which can help one gather the requisite paperwork and find HAFA-approved lenders and other loan servicers.

About Credit-yogi.com
Established in 1999, Credit-yogi.com has consistently provided accurate, quick answers to consumers' fiscal inquiries. Backed by the power and wisdom of thousands of monetary experts, this no-cost website will continue to do so. For a free initial conference, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 04/30/2014 -- Money is tight for lots of people, and some of them are facing foreclosure on their homes because of it. Many may not be aware of the affordable foreclosure alternatives they have to stop this process. From talking with one's lender to asking the government for help, there are many choices a homeowner has to keep his house. Credit-yogi.com is here to share its knowledge of this topic, including:

- HAFA
- Short Sale
- Deed-in-Lieu
- Home Affordable Refinance Program

Home Affordable Foreclosure Alternatives (HAFA)
Before a homeowner can apply for HAFA, he must understand it, so the response to "What is HAFA?" is important. This government-sponsored program offers homeowners two ways to stop foreclosure; a short sale and a Deed-in-Lieu of foreclosure. Eligibility requirements for both HAFA and HAMP are similar, making it fairly easy to apply them. Some are having a debt-to-loan ratio of not more than 31% of the gross household income; ascertaining that the house is the primary residence; and not owing more than $729,750. The borrower must also have a documented financial hardship.

Explaining the HAFA Short Sale
Of the two HAFA options, the HAFA-approved short sale is the better choice. A standard short sale occurs when the lender agrees to a selling price for an individual's home and puts a portion of the proceeds toward the total balance of the mortgage. The financer can then pursue the homeowner for the rest of the balance due. The process of the HAFA short sale is slightly different in that when the home is sold for the agreed-upon price, it eliminates any balance and the loan is paid in full.

Deed-in-Lieu of Foreclosure
The deed-in-lieu of foreclosure is the least advocated choice for homeowners. It works like this: The lender agrees to accept the deed to the home, which the owner voluntarily surrenders, rather than going through with a foreclosure process to obtain the home's title. There must not be other loans or liens against the property. Eligibility requirements for a deed-in-lieu are the same as for the HAFA short sale qualifications; however, Credit-yogi.com strongly suggests that this not in the best interests of a homeowner and should be thoroughly considered before agreeing to it.

HARP
Similar in purpose to both HAMP, which modifies (changes) the terms of a mortgage, and HAFA, which is there for those looking for the short sale, HARP is another good option to halt foreclosure. Because many lenders have unethical short sale tactics, utilizing HARP is often a wise choice. To qualify for HARP, one's mortgage must be owned by Freddie Mac or Fannie Mae, and he must be "underwater" in his loan. HAFA may, indeed, be a homeowner's best solution to foreclosure, as it may give him up to $3,000 to help with relocation expenses, among other benefits.

About Credit-yogi
Credit-yogi.com was established in 1999 to provide correct, quick answers to the financial inquiries of consumers. Since then, it has consistently achieved this goal. For a free initial consultation, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 04/29/2014 -- Despite fiscal improvement throughout the country, some people are still faced with foreclosure. There are several government programs that can help stop the process. HAFA (Home Affordable Foreclosure Alternatives) is one. What is HAFA? It's the effective program of last resort for those homeowners who do not qualify for other such plans. Credit-yogi.com is here to simplify the way HAFA benefits borrowers in trouble, including:

-Apply for Other Options 1st
-HAFA & HAMP
-Deed-in-Lieu of Foreclosure
-HAFA Short Sale Qualifications

Exhaust All Other Possibilities

Prior to applying for a HAFA-approved short sale, make sure it is the last possible thing one can do to avoid foreclosure. Other plans that one may qualify for include HAMP, HARP (Home Affordable Refinance Program), and HUD's assistance. HARP works similarly to HAMP, but refinances one's mortgage loan, which means it pays off the original loan, then draws up another one that has better terms. HUD can help veterans, those upside down on their loans, and even unemployed homeowners. Check the government's website for more information.

The Relationship between HAFA & HAMP

Most people are familiar HAMP, which helps prevent foreclosure by modifying, or making changes to one's mortgage loan. However, not everyone qualifies for HAMP. For them, there's HAFA, which has easy-to-understand short sale guidelines. If one has been denied HAMP assistance, HAFA is a good solution. The lenders that work with HAMP also work with HAFA because eligibility requirements are very similar.

Deed-in-Lieu Explained

HAFA offers two ways to prevent foreclosure: short sales and the deed-in-lieu of foreclosure. The deed-in-lieu is one of the affordable foreclosure alternatives. Here, the homeowner agrees to sell his house to his lender for less than he owes on it. Once both the owner and the lender agree to this proposition, the sale goes forward. There is at least one benefit for the lender, besides getting most of its money back: It can spruce up the property, find some buyers for it, and make even more money off of it. Keep that in mind when considering this option.

Requirements for HAFA Short Sale

If one is interested in the more-popular HAFA short sale option, it will be helpful to both understand what it is and how to be eligible for it. When a short sale occurs, the property owner sells the home to a buyer for less than he owes on it. Some HAFA short sale requirements are that the home has to have been purchased prior to 2009, it must be one's primary residence, and one must prove his financial hardship to qualify. The most important requirement is that he has to have been turned down for HAMP. Credit-yogi.com points out that most folks should be eligible for HAFA.

About Credit-yogi.com
In 1999, the need for rapid responses to consumers' fiscal questions was obvious. With that goal in mind, Credit-yogi.com was created, and has been accessible to all those seeking answers ever since. For a complimentary preliminary consultation, dial 866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 04/29/2014 -- Financial setbacks can wreak havoc on one's credit, resulting in foreclosure or even bankruptcy. However, there are ways to resolve these problems. From talking with a lender to working with the best loan modification companies, one does not have to sacrifice his good credit score to his unexpected fiscal upset. Credit-yogi.com is familiar with this issue and is here to share its knowledge of it, including:

-Loan Modification Explained
-Finding Mortgage Modification
-Getting a Quick Response
-How to Qualify

Explaining Loan Modification

Homeowners facing the possibility of foreclosure need to understand what loan modification services do before they choose one. Simply put, modification companies modify, or make changes to, someone's home loan. The purpose behind this is to lower the monthly payment enough that the owner can afford it and still be able to put food on the table. Some of the changes made include reducing the principal or interest rate of the original loan, allowing a longer repayment period, or changing the loan from variable to fixed rate.

Locating Mortgage Modification

When an individual considers altering his mortgage to get a lower payment, he might wonder how to find the top home loan modification companies. Begin online and thoroughly research the businesses that provide this service. Watch out for high charges for the "privilege" of utilizing the company. One might also want to look in the local telephone book. Contact a few of them, but remember to read the fine print in any contract sent to one's home; often that's where the money traps are.

Awaiting Approval

Sometimes, a loan modification can take time to be approved, and people in the position of needing the modification don't always have it. When a homeowner applies with several mortgage modification firms, it can take up to 9 months to receive an answer from them. Utilizing the talents of a professional financial service such as Credit-yogi.com can get a response fast – in as little as 5 days! Working with Mortgage Audit Corp, this website can offer several companies that can help, and it never charges for an initial consultation.

To Qualify or Not to Qualify

To qualify for modification, one should be current on his loan and have few negative marks on his credit report. Whether working with his lender or a loan modification company, taking some time to cut down on spending and save up some funds will improve his chances of approval. Choose the direction to go in – company or original lender – and contact the loan agent to work out an acceptable modification agreement.

About Credit-yogi.com
Way back in 1999, an enterprising businessperson realized that consumers needed an easily accessible, free place to get answers to their most important financial questions. Concluding that this need must be filled, Credit-yogi.com was created. Over the past 15 years, visitors to the site have repeatedly come back to learn more about how money works and how to increase the amount of it they have. For a no-cost preliminary consultation, dial 866-964-9644.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Phoenix, AZ -- (SBWIRE) -- 04/29/2014 -- It's a fact of life in America: Despite the best financial efforts of people, foreclosure procedures are still happening. It was difficult for many of these folks to access it when the Obama HAMP plan went into effect in 2008, but it's gotten easier since changes were made to it. Credit-yogi.com wants to explain how and when to utilize HAMP by sharing its knowledge of it, including:

-Qualifying for HAMP
-When to Apply for HAMP
-How HAMP Works
-Results of this Program

HAMP Eligibility

The first step in making the Obama affordable home modification program work for those facing foreclosure is to ascertain their qualifications for it. Doing this prior to visiting affiliated lenders saves time. Some of the requisites are having a provable financial hardship that prevents a person from making his mortgage payments, ensuring that the property is not condemned, and being able to provide payment stubs from one's employer for at least one month. One can find more information about HAMP by going to the government's website.

When to Apply

Financial reversals of fortune can wreak havoc on a homeowner's nerves, especially if they end up trying to prevent foreclosure without really knowing how to do so. The time to begin gathering eligibility qualifications for the Obama HAMP program is as soon as a problem managing mortgage payments crops up. HAMP can help, but only if one applies for it soon enough to prevent the foreclosure. Don't wait until three or four payments have been missed; find out eligibility for the program as soon as one misses his first payment. Credit-yogi.com wants its consumers to save their homes, so take this advice to ensure a good chance at doing so.

HAMP's Process

Once a borrower knows he is qualified for the HAMP program, it might be wise for him to understand just how it works. A homeowner brings all of his financial documents to a program-affiliated lender who looks it over to ascertain that all of them are there. The lender than offers to utilize HAMP to modify, or make changes to, one's mortgage. These may include giving the borrower more time to repay the loan or reducing the principal of it, both of which lower a monthly payment, making it more affordable.

HAMP Saves Homes

The result of the HAMP mortgage repayment program is avoiding foreclosure. It works with lenders and homeowners to come to an acceptable agreement on how to lower the monthly mortgage payment. Once that amount is reduced, it becomes much easier to afford. This results in the homeowner's stress level decreasing and being replaced by hope and happiness. The best outcome of utilizing this plan is being able to retain residence in one's home.

About Credit-yogi.com
When Credit-yogi.com was established in 1999, it had one aim – to give consumers the fastest, most accurate responses to their fiscal questions. Since then, it has successfully achieved this goal, every day. For a no-cost preliminary consultation, dial 866-964-9644, any time.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm