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Predatory Lending Leads to Foreclosures

admin — Wed, 10 Mar 2010 16:54:21 +0000

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. Though no one purposely agrees to a loan that is unaffordable, many of the loans offered [...]

Predatory Lending Leads to Foreclosures is a post from: Clear Debt Now

Bankruptcy Fraud On the Rise

admin — Wed, 03 Mar 2010 07:00:00 +0000

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 [...]

Bankruptcy Fraud On the Rise is a post from: Clear Debt Now

Consumer Loan Defaults Seem to be Slowing

admin — Wed, 24 Feb 2010 19:36:02 +0000

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 [...]

Consumer Loan Defaults Seem to be Slowing is a post from: Clear Debt Now

Some Hope…Maybe…For Those Facing Foreclosure

admin — Fri, 19 Feb 2010 19:35:01 +0000

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 [...]

Some Hope…Maybe…For Those Facing Foreclosure is a post from: Clear Debt Now

Students are Lured to Colleges by No Fee Applications

admin — Mon, 15 Feb 2010 15:45:41 +0000

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. Colleges have become very competitive when it [...]

Students are Lured to Colleges by No Fee Applications is a post from: Clear Debt Now

Foreclosures Rise In December Disappointing Everyone

admin — Sat, 13 Feb 2010 17:18:30 +0000

Looking at the numbers of foreclosures for 2009 is sobering. What is even more disturbing is that they had peaked in July of 2009 and then began to decline only to rise again in December. In fact the number of foreclosures rose by 14 percent in December 2009 compared to November 2009. For every forty-five [...]

Foreclosures Rise In December Disappointing Everyone is a post from: Clear Debt Now

December Consumer Wages and Credit Figures Show Little Progress

admin — Tue, 09 Feb 2010 16:19:59 +0000

Consumer wages are stagnant and will probably stay that way for a while. That was the verdict of the U.S. Labor Department. The Labor Department evaluated the average hourly earnings of non-supervisory and production workers in the private sector and found that wages are not moving much right now with only 3 cents an hour [...]

December Consumer Wages and Credit Figures Show Little Progress is a post from: Clear Debt Now

New York Attorney General Investigates Online Deceptive Practices

admin — Fri, 05 Feb 2010 17:43:47 +0000

The news has been full of reports of companies with online presences that are deceptively signing people on to fee-based membership programs. Now Attorney General Andrew Cuomo has decided to legally investigate a set of companies consumers say have duped them into membership programs they either didn’t know they were signing up for or didn’t [...]

New York Attorney General Investigates Online Deceptive Practices is a post from: Clear Debt Now

Planning for College Tuition in Tough Economic Times

admin — Tue, 26 Jan 2010 19:12:18 +0000

Just because there is a recession going on does not mean college should be postponed. But it can be challenging to save for college tuition when economic conditions are so uncertain. Many households have experienced unemployment and more family members have managed to keep jobs but with reduced hours or pay reductions. During a recession, [...]

Planning for College Tuition in Tough Economic Times is a post from: Clear Debt Now

Be Wary of Debt Consolidation

admin — Sun, 17 Jan 2010 16:24:22 +0000

“Debt consolidation” almost seem like magical words because they imply rolling debt into one manageable total with an affordable payment. But is that always true? The answer is: maybe. Debt consolidation can take one of three forms today. You can transfer account balances to credit cards with lower interest rates. Or you can take out a [...]

Be Wary of Debt Consolidation is a post from: Clear Debt Now