Kelynem Credit Consulting (KCC) - Guide to Mortgage Reinstatement and Creditor Harassment

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We offer the tools and knowledge-based solutions to consumer finance related issues, ranging from credit card management to managing and paying off hospital and doctor bills without breaking the family budget, while staying afloat financially.

Our services include providing guidance and knowledge-based tools for handling secured creditors and automobile financing. This type of loan, being secured by collateral, is much more delicate than an unsecured loan; the creditor has the right to retain the collateral in the event of default and you have limited time to negotiate a repayment schedule.

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We also offer knowledge-based solutions to foreclosure issues, regardless of the cause. Many consumers are unaware that foreclosure actions can result from reasons other than a default in the mortgage payment. We address all those issues in our two books.

We provide the knowledge-based tools, including personal financial statement forms as well as form letters to make contacting and working out payment arrangements with your mortgage or other creditor successful.

We know that most consumers don’t want constant harassment from creditors or losing their motor vehicle, home, or other assets. Likewise creditors, mortgage companies, banks, and auto finance companies are not in the business of reselling automobiles, homes, etc. , Nor do they welcome the thought of the debtor filing bankruptcy. They would much rather get payment in full and when that is not a viable option they will be willing to renegotiate your debt, provided that you the consumer can demonstrate that you are capable of meeting your obligations by completing a simple income and expense form and attaching your two most recent pay stubs, bank statements, credit union statements, etc., Allowing them to make an informed decision based on your financial situation.

And when your situation merits it, your outstanding account balance may be reduced, your payments may be adjusted, the term of your loans may be modified or any combination of those or other remedies may be applied to make the outcome a mutual success for all concerned.

Creditors know that they can’t get blood from a stone, so to speak, and in some cases consumer awareness, combined with knowledge-based tools, is all the average consumer needs in order to become a more responsible debtor / borrower. An educated, knowledgeable consumer is a better consumer.

Unfortunately, at this time in our history home foreclosures are at an all-time high. In 1991 when we first published our books, foreclosures were also at an all-time high, following the collapse of the savings and loan industry-- just as now, as our military is engaged in iraq, american consumers are sustaining billions of dollars in losses as the value of their homes declines.

At the time of the savings and loan crisis the government’s solution was to establish the resolution trust corporation (rtc) to take over the non-performing assets of failed financial institutions. At that time the government made many of those homes available to first-time home buyers at bargain basement prices.

We believe it is possible to prevent the massive lossand redistribution of real estate without using the intervention of a government agency. We recommend that home owners who are facing the loss of their home explore other alternatives with their lender that will allow the mortgagor to retain their home and allow the lender to avoid the losses and interruption of cash flow associated with foreclosure proceedings.