How do you pay off your debt? Do you tackle small bills and leave the big ones for later? New research published in the Journal of Marketing Research finds that consumers typically tackle small debts first, but they'd actually save more money if they did it the other way around. By attacking bigger bills … [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...]
Impact of Recession on Consumer Credit
November 10, 2009 By Leave a Comment
The US economy has started the long slow process of recovery and now many consumers are wondering what it all means for their future. The banks and financial institutions are in much better condition though it’s still not possible to say they are fully stable. … [Read more...]
Loans After Bankruptcy
June 15, 2008 By Leave a Comment
We all will probably need a loan at some time in our life. It might be to handle an emergency, to finance a home project, or to pursue a business venture. You may need a loan for a new car or to further your education or your child’s, you may even be in the market for a new house. Even if you have … [Read more...]