Hundreds of thousands of refund checks worth nearly $108 million are in the mail to homeowners. The Federal Trade Commission is mailing that money to people who were allegedly overcharged by Countrywide Home Loans, Inc. The FTC is trying to protect financially distressed homeowners by returning some … [Read more...]
Study: Brits Turn to Credit 21 Days After Pay Day
July 15, 2011 By Leave a Comment
New research from MoneySupermarket.com found that in the UK, people turn to their credit cards on average 21 days after they've been paid each month. This is called "credit card crunch day." It's when cash runs low and the only place to turn is plastic. The study found that roughly 11 million Brits, … [Read more...]
Saving Money In Tough Times
September 14, 2010 By Leave a Comment
You would think that in tough times that people would do anything they could to save money. You would think that everyone would adjust their spending habits, scale down their lifestyles, and brace for whatever impact the economic downturn will have for them. You would think this but you would be wrong. … [Read more...]
Adjustable Mortgage Loans Protect You from Catastrophic Debt
July 6, 2009 By Leave a Comment
Not having the ability to make your mortgage payments is one of the scariest thoughts to have to live with. The threat of being kicked out of your home and having to live with relatives, or even having nowhere to go, is a terrible experience. … [Read more...]
The Rising Cost of Debt
June 15, 2008 By Leave a Comment
As prices soar and the housing and job markets dwindle more and more consumers are turning towards credit cards to help make the ends meet. Credit debt rose to a little over $6 million in the month of March which is the most it has been in several years. The reasons for this trend are numerous and … [Read more...]