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Consumers Under Growing Financial Duress

admin — Tue, 16 Mar 2010 16:18:59 +0000

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 [...]

Consumers Under Growing Financial Duress 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

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

Wanna Get Out of Debt? Stop Using Credit

admin — Fri, 12 Dec 2008 09:34:55 +0000

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 [...]

Wanna Get Out of Debt? Stop Using Credit is a post from: Clear Debt Now