Mfinfo's blog

It is a well known fact that the Fair Credit Reporting Act gives us the rights to dispute the incorrect information mentioned in our credit report. However, most of us do not know how to file a credit report dispute. Here are a few steps which may help you file a credit report dispute:

When you're served with a complaint for divorce, it'll create problems both financially as well as mentally. People are confused after receiving the complaint and don't know what to do. Thus, they commit certain financial mistakes which can later on cause further problems for them. Check out some of the common financial mistakes that you should avoid during divorce:

In the last few years, the number of people filing bankruptcy in the month of January and February has increased a lot. This is because the debtors incur huge credit card debts during November and December while they buy gifts for their friends and relatives. However, the debtors want to have an easy recourse – they want to file bankruptcy and make a fresh start. But, things are not so easy. As per the bankruptcy code, this is known as "credit card binge" and Section 523(a)(2)(C) addresses this issue.

Christmas is back again! It's time to plan again for the budget so that buying gifts and arranging for a vacation becomes easier for you. Here are few tips which will help you in spending your Christmas in a simple and enjoyable manner:

You might be working under various employers from time to time. But what about the 410(k) retirement plan that you've with your employers? Lot of people are confused as to whether or not they should leave the account as it is or roll it over into an IRA account.  Let's check out which is the best option to go for:

Housing prices are still going low and most of us are thinking that it would be the best time to buy the dream home in 2010. With the extension and expansion of first time homebuyer's tax credit, things have become easier for most of us. However, before you decide to apply for a mortgage in 2010, here are 5 things you need to know:

As per the Truth in Lending Act, the right to rescission helps a borrower to cancel home loans of certain types within three days of closing. This right is offered on a "no-questions-asked basis". The lender will have to refund all the fees within 20 days of exercising of the rights and also give up its claim over the property.

Before discussing whether or not the adjustable rate mortgage (ARM) is dead, let's first check out what ARM is all about. We can define an adjustable rate mortgage as a home loan wherein the interest rate on the mortgage note adjusts periodically. These adjustments depend upon factors like 1-year constant-maturity Treasury (CMT) securities, the Cost of Funds Index (COFI), and the London Interbank Offered Rate (LIBOR). As per the report of the Mortgage Bankers Association, presently ARMs account for just 5.5% of mortgage applications.

With the crisis in the real estate market, the American dream of homeownership has come to an abrupt end. Lots of people have lost their homes in foreclosure and many more are delinquent on their mortgage payments. Most people are facing such a situation mainly due to job loss. However, there are some homeowners who can afford their mortgage but are struggling to make their payments.  Such borrowers are tempted to walk away from the property in order to make a fresh start.

There are millions of people all over the world who die without a valid will. Their heirs may face serious problems while dealing with their property or how they should divide it amongst themselves. Thus, it's very important to draft a will before death and divide the property amongst the heirs. So, let's have a look as to what a "will" is all about: