Written by admin on December 24th, 2008
FDIC Awards GE Coverage For Up $139 Billion In Debt
Last week representatives of the FDIC closed a deal to award General Electric Co.’s lending group GE Capital Corporation as much as $139 billion in insurance coverage for debt protection. This marks the second time in a month the finance company has sought aid from the federal government.
Continue Reading...Written by admin on December 20th, 2008
An Additional $13.8 Billion Requested By Freddie Mac After Serious Losses
As of November 14, Freddie Mac, the mortgage-lending giant taken over by the federal government only two months ago, requested an additional $13.8 billion from the US Treasury. The move was an effort to stabilize the company after it suffered record quarterly losses. The amount was authorized and the company will begin receiving [...]
Continue Reading...Written by admin on December 12th, 2008
Wanna Get Out of Debt? Stop Using Credit
People who are faced with immense debt often panic and wonder what they can do to remove it from their lives. Making payments only seems meaningless when being challenged by the enormity of the task. If a student owes tens of thousands of dollars in debt, or a home was recently purchased, then effectively managing [...]
Continue Reading...Written by admin on December 8th, 2008
Working With Good Debt
As we go through life, we’re all faced with important financial decisions. For better or worse, one of the ways in which our country operates economically is by means of credit, and it is with credit that we can find ourselves in debt. This isn’t always a bad thing. In fact, it can be beneficial [...]
Continue Reading...Written by admin on December 8th, 2008
Start Saving Before You Start Paying Off Debt
It’s a fact that a large majority of Americans are in debt. The economy is also suffering, and this too is something that can’t be denied. However, the good news is that the current circumstances of the world and in the United States are causing the nation’s citizens to realize the harsh disadvantages of consumerism. [...]
Continue Reading...Written by admin on December 4th, 2008
The Debt Mentality and How To Stop It
Today, more than ever, Americans are truly in debt. Millions of the nation’s citizens are struggling to make their lives work amidst a sea of growing financial concerns that leave them strapped. Strange to say, this is true especially for people who make more money. How is it that the more income a person has, [...]
Continue Reading...Written by admin on December 1st, 2008
Sitting on Debt Creates Problems
It’s difficult trying to face debt. This is something everybody who suffers from debt knows for a fact, and it is because of this that they often put their debt to the side and think about taking care of it later. This behavior only creates more debt in the long run, because some people don’t [...]
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- Predatory Lending Leads to Foreclosures Written on March 10th, 2010
- 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
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Predatory Lending Leads to Foreclosures
Written on March 10th, 2010
As more and more consumers face foreclosure there are disturbing stories coming to light. It seems that some people are losing their homes after agreeing to a series of refinancing arrangements that were almost sure to lead to eventual eviction.
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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 [...]