Written by admin on March 22nd, 2010
Mortgage Companies Helping Families Walk From Mortgage Debt
The foreclosure process can easily turn into an emotional drawn out procedure. Consumers who become delinquent on their home loans are faced with months of late notices, warnings, demands for payments, and eventually eviction. In the meantime the bank is paying staff to work the accounts while not receiving any payments.
Continue Reading...Written by admin on March 16th, 2010
Consumers Under Growing Financial Duress
There are plenty of numbers and figures published that are used as barometers for the state of the economy. One of the numbers is the percent of consumers who are behind on their mortgage payments but have credit card accounts that are current. When the number goes up it is taken as a sign [...]
Continue Reading...Written by admin on March 10th, 2010
Predatory Lending Leads to Foreclosures
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.
Continue Reading...Written by admin on March 3rd, 2010
Bankruptcy Fraud On the Rise
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 [...]
Continue Reading...
- Banks Considering Offering Payday Loans Written on July 23rd, 2010
- House Bargains Getting Harder to Find Written on July 14th, 2010
- Are You Addicted To Shopping And Debt? Written on July 7th, 2010
- Does Debt Ever End? Written on May 8th, 2010
- Scammers Follow the News to Find the Next Scam Written on April 29th, 2010
- The Consumer and the Hospital Bill Written on April 24th, 2010
-
Banks Considering Offering Payday Loans
Written on July 23rd, 2010
In a somewhat surprising move, banks are considering expanding their loan offerings to include payday loans. It is surprising because companies offering this type of loan have been under scrutiny and a lot of criticism for charging exorbitant interest rates for payday and Refund Anticipation Loans (RALs).
-
House Bargains Getting Harder to Find
Written on July 14th, 2010
Consumers hoping to find affordable housing due to falling home prices had better hurry or plan on being patient. House bargains are getting harder to find for several reasons.
-
Are You Addicted To Shopping And Debt?
Written on July 7th, 2010
Everyone knows at least one person who seems unable or unwilling to get their penchant for spending and amassing debt under control. But why is this? Is this person simply reckless when it comes to spending money? Or could it be that this unfortunate person has a genuine addiction to shopping, debt, [...]
-
Does Debt Ever End?
Written on May 8th, 2010
Some people walk around with debt for their entire adult lives. In fact, many of the people you pass by every day do it. They are the big spenders in the flashy cars and the spendthrifts huddled over their coupons at the supermarket. So many people with so many lifestyles walk around [...]