FICO calls them 'damage points,' and, boy, can they pull down your credit score.
Losing your home to foreclosure is one thing. But walking away just because it's financially convenient could hurt down the road.
Your friends can not only make you fat, they can make the social barriers to breaking a mortgage contract come crumbling down.
You can be assured that the 'investor' has no intention of paying your lender a dime.
My friend says he wants to change, he says he's learned his lesson from his bankruptcy, but his actions say otherwise.
Walking away from your agreements when you have the capacity to fulfill them is morally wrong, akin to lying.
Is it OK to use taxpayer money to reduce the mortgage balances of struggling homeowners? Some states are considering this.
VIDEO ON MSN MONEY
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
Even when they have a plan for their refund check from Uncle Sam, Americans often don't realize how they actually spend the windfall.
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