Bank finance articles and tips

Facing the threat of foreclosure is scary. There are many concerns and decisions to be made about how to proceed. Walking away from the house is one option that can quickly resolve the process; however, it is not recommended for most people. There are many ways to handle foreclosure that involve not walking away from the house and actually getting to keep it. Although these options may take more time and effort, but the payoff of keeping the house is worth the extra effort....

Yes you can buy a car if you had a repo over a year ago. It is recommended that you hold off getting an auto loan for 6 to 12 months after repossession has occurred to give you time to begin re-establishing your credit. Here are some tips to help you get into your next car.

First, begin rebuilding your credit as quickly as possible after your repossession. Obtain a copy of your credit report from the 3 credit bureaus (Experian, Equifax and TransUnion) and check for any inaccuracies. If you find mistakes on your credit report, have them removed by following the instructions on each of the credit bureaus websites.