When people declare bankruptcy and discharge much of their debt, they have a mark on their credit report telling lenders there is cause for worry. If you’re in this situation, don’t lose hope. Although this financial move can make it more challenging to obtain a mortgage, it’s not impossible.
Author: Deb
Extensions to Emergency Rental Assistance Programs Might Help You
The US Treasury Department supplied emergency rental assistance (ERA) funds to those in need as part of the American Rescue Plan Act of 2021. Some states have opted out of the program, so the state-administered plan isn’t available everywhere. Still, private agencies may provide funding in some locations through the end of 2022.
How Housing Choice Vouchers Help Tenants Find Accessible Rentals
The US Department of Housing and Urban Development (HUD) provides federal funding to local public housing agencies (PHAs) which administer its housing voucher program, sometimes referred to as a Section 8 benefit. These allowances financially supplement qualified families and individuals to obtain PHA-approved rentals in their area. The vouchers allow recipients greater choice in where they live and the variety of accommodations they can rent.
Could You Qualify for the Low-Income Home Energy Assistance Program (LIHEAP)?
Energy can be one of the biggest expenses depending on where you live and the time of year. Many people aren’t aware they might qualify for assistance through a federal plan, the Low Income Home Energy Assistance Program (LIHEAP). The benefit can help you pay the bills you have to heat and cool your home and also provides help with “energy-related home repairs.” You may already qualify if you receive other low-income benefits like Temporary Assistance for Needy Families (TANF) or the Supplemental Nutritional Assistance Program (SNAP).
3 Ways to Improve Your Credit Score in Under 60 Days
You need a strong credit score to qualify for a loan and get the best rate or rent the house of your choice. There are ways to increase a score number if it’s not where creditors need it to be — sometimes in as little as 60 days. Here are three strategies you can try.