Written by admin on July 30th, 2008
Money In The Bank And Avoid That Debt
With the current down turn of the world economy many consumers of all ages are looking at their credit cards and bank accounts in a new light. Instead of spending, spending, spending, consumers are now interested in saving and correcting any money woes they may be experiencing.
The benefits of this speak for themselves, a better [...]
Written by admin on July 30th, 2008
The Myths Surrounding Bankruptcy
Bankruptcy can be a very viable solution to several households who find themselves in debt that is just not manageable. However, it should only be used as a last resort since the after effects of bankruptcy can linger up to 7 years, sometimes longer.
Bankruptcy filings have net yet risen to astronomical levels despite the fact [...]
Written by admin on July 22nd, 2008
How Is Debt Organized
Debt is categorized as three main types by the creditors, lenders, and consumers in the United States. These three types of debt are identified as unsecured debt, secured debt, and installment or revolving debt. There are other debt categories which may be listed under these three main types; this is however, when the [...]
Continue Reading...Written by admin on July 13th, 2008
Dealing With Debt Or Increased Savings – Which Is Better?
When the financial circumstances of the average individual are taken into consideration, the two areas of main concern are the amount of debt and the desire to create some way to add to their savings. Of course, you have to pay down all of your debt and take care of regular monthly expenses before [...]
Continue Reading...Written by admin on July 2nd, 2008
Using Bankruptcy To Solve Debt Issues
If you are thinking about filing bankruptcy, you may want to reconsider this action. You may think that you are running out of options because your debt situation keeps getting worse no matter what you do to try to change it. If you are feeling discouraged about your financial picture, filing bankruptcy may [...]
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- Bankruptcy Fraud On the Rise Written on March 3rd, 2010
- Consumer Loan Defaults Seem to be Slowing Written on February 24th, 2010
- Some Hope…Maybe…For Those Facing Foreclosure Written on February 19th, 2010
- Students are Lured to Colleges by No Fee Applications Written on February 15th, 2010
- Foreclosures Rise In December Disappointing Everyone Written on February 13th, 2010
- December Consumer Wages and Credit Figures Show Little Progress Written on February 9th, 2010
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Bankruptcy Fraud On the Rise
Written on March 3rd, 2010
According to the Internal Revenue Service (IRS) website there were 1.7 million bankruptcies in 2003 and 10 percent of them had fraud involved. Bankruptcy fraud is when a person or company tries to hide assets through the bankruptcy process. The IRS takes this kind of fraud very seriously and will prosecute anyone it suspects [...]
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Consumer Loan Defaults Seem to be Slowing
Written on February 24th, 2010
Consumer loan defaults seem to be slowing down according to the banks. Since the start of the recession there has been a mountain of defaults in both the mortgage and credit card industries. Millions of households are experiencing unemployment or reduced earnings after pay cuts and/or reduced hours. Just last week the U.S. government [...]
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Some Hope…Maybe…For Those Facing Foreclosure
Written on February 19th, 2010
There is some hope still for homeowners wondering if there will be more foreclosure statistics in 2010. The federal government is working on a plan that will hopefully make it easier for people to qualify for the Making Home Affordable program. The government is also trying to find a way to convince banks to [...]
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Students are Lured to Colleges by No Fee Applications
Written on February 15th, 2010
One of the debts that must be managed in many households is college tuition. The cost of attending college continues to rise every year which means the choice of college can have far reaching effects on finances. Choosing a college is not a decision that should be made lightly.