Have you heard of credit rating? Do you know how it affects you and your financial state? Credit rating is the score given to a borrower to determine his capability and integrity in repaying a debt. These scores are based on financial history, current assets, and liabilities. Banks and lending companies … [Read more...]
Loans, Debt Consolidation, and Credit Ratings
November 10, 2010 By Leave a Comment
Debt consolidation, as its name implies, is the process of consolidating multiple loans into a single loan. How does it happen? Basically, the debtor takes a loan enough to cover most or if possible, all of the loans that he has at the same time. … [Read more...]
Debt Consolidation – Government-Provided Programs
October 19, 2010 By Leave a Comment
However, you may just qualify to debt management programs provided by the government. These are top of the line solutions for people with debts too large to take care of single handedly. … [Read more...]
Debt Consolidation – Pointers Before Signing Up
October 13, 2010 By Leave a Comment
One of the best methods of solving debt problems is debt consolidation. There are many advantages for a debtor if he undergoes the process. However, it could end up in an even worse situation for the debtor if the process is not managed properly. There are certain pointers to take note when undergoing … [Read more...]
Should Your Kid’s Debt Be Your Debt Too?
September 22, 2010 By Leave a Comment
The recession does not just strike isolated individuals. It strikes families. Children, adult children that is, are often turning to good old mom and dad for a little financial help these days. Or in some cases they are asking for a lot of financial help. … [Read more...]
Is Debt An Emotional Problem?
September 6, 2010 By Leave a Comment
Debt is an emotional issue. It can be that dark cloud that hangs over a person's life. But this is the effect of debt. Have you ever stopped to wonder if emotional problems could be the force behind that constantly growing pile of debt? … [Read more...]
Consumers Under Growing Financial Duress
March 16, 2010 By 1 Comment
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 that consumers … [Read more...]
Consumer Loan Defaults Seem to be Slowing
February 24, 2010 By Leave a Comment
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. … [Read more...]
Be Wary of Debt Consolidation
January 17, 2010 By 1 Comment
“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. … [Read more...]
Federal Reserve’s Assets Saw New Increases
October 6, 2009 By Leave a Comment
The Federal Reserve has experienced its sixth week of increased balance sheet totals since it purchased housing debt as part of a special program focused on mortgage rate reduction. … [Read more...]