A reader asks…

The California mortgage forgiveness debt relief law is effective immediately. It is similar to federal law, but with important differences.
The California law covers qualified debt forgiven in 2007 and 2008, where as the federal law will soon cover debt forgiven thru 2012.

A Reader Asks…

My daughter, who is 19 years of age, only has 2 student loans (which are deferred) on her credit. Her credit scores are over 630. She has been gainfully employed for over 12 months.