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 [...]
Continue Reading...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.
Continue Reading...Written by admin on December 5th, 2009
What You Need To Know About Debt Collectors
Debt collectors can be intimidating. It is bad enough to have accumulated sufficient debt to be dealing with these imposing figures but attempting to deal with them can seem an insurmountable task. Take heart.
Continue Reading...Written by admin on November 20th, 2009
Don’t Get Caught Up In The Recession Debt Mindset
It seems as though everywhere you turn people are talking about how times are hard. This message is on TV, in the newspapers, and is being talked about by people from every walk of life. It can be easy to get caught up in the feeling that things are hopeless and that things [...]
Continue Reading...Written by admin on August 17th, 2009
Business Development Companies Working On Debt Restructures
It seems that two of the nation’s largest business development companies are dealing with serious debt restructuring. American Capital Limited and Allied Capital Corporation continue to work out a deal with lenders to resolve various debt defaults and covenant violations.
Continue Reading...Written by admin on June 11th, 2009
RH Donnelly Files Bankruptcy
In one of the latest ripple effects of economic recession, publisher R.H. Donnelley Corporation, the company responsible for publication 600 directories including telephone Yellow Pages, officially filed for bankruptcy protection from creditors in order cut its outstanding debt by about $6.4 billion even as it continued suffering other losses.
As of December 31, 2008, the North [...]
Written by admin on May 22nd, 2009
JPMorgan Has Sold An Additional $2.5 Billion In Unguaranteed Debt
It looks like banking institutions are enjoying their taste at new economic reach. It seems that big companies like JPMorgan Chase are selling bonds without the backing of the federal government.
Continue Reading...Written by admin on October 23rd, 2008
Pretending To Be Successful Creates Debt
On one level or another, everybody wants to make something of their life. They want to take their efforts and translate them into awesome results, making the most of what they do and putting it towards success that is tangible. Achieving a solid education, obtaining a respectable job, establishing a commendable career, and owning a [...]
Continue Reading...Written by admin on October 3rd, 2008
Fears of Recession May Propagate One
America has been struggling against the background of a slumping economy. High gas prices, rising costs of food and various commodities, a housing market absolutely crushed by false hopes and dreams, and employment insecurities in certain sectors such as the domestic automotive industry have led people to feel the pinch, the pain, and the terror [...]
Continue Reading...Written by admin on October 1st, 2008
Three Valuable Forms of Debt
The one thing that almost every America faces is debt. It comes in a load of varieties, but often is just the result of spending more than what you make. However, debt plays an important role in the economy and the way several businesses work, and because of such it isn’t naturally a bad thing. [...]
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- Predatory Lending Leads to Foreclosures Written on March 10th, 2010
- Bankruptcy Fraud On the Rise Written on March 3rd, 2010
- Consumer Loan Defaults Seem to be Slowing Written on February 24th, 2010
- Some Hope…Maybe…For Those Facing Foreclosure Written on February 19th, 2010
- Students are Lured to Colleges by No Fee Applications Written on February 15th, 2010
- Foreclosures Rise In December Disappointing Everyone Written on February 13th, 2010
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Predatory Lending Leads to Foreclosures
Written on March 10th, 2010
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.
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Bankruptcy Fraud On the Rise
Written on March 3rd, 2010
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 [...]
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Consumer Loan Defaults Seem to be Slowing
Written on February 24th, 2010
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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Some Hope…Maybe…For Those Facing Foreclosure
Written on February 19th, 2010
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 [...]