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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 [...]

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Written by admin on February 24th, 2010

Consumer Loan Defaults Seem to be Slowing

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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Written by admin on January 17th, 2010

Be Wary of Debt Consolidation

“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.

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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 [...]

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