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...]
Predatory Lending Leads to Foreclosures
March 10, 2010 By Leave a Comment
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. … [Read more...]
Foreclosures Rise In December Disappointing Everyone
February 13, 2010 By Leave a Comment
Looking at the numbers of foreclosures for 2009 is sobering. What is even more disturbing is that they had peaked in July of 2009 and then began to decline only to rise again in December. In fact the number of foreclosures rose by 14 percent in December 2009 compared to November 2009. … [Read more...]
December Consumer Wages and Credit Figures Show Little Progress
February 9, 2010 By Leave a Comment
Consumer wages are stagnant and will probably stay that way for a while. That was the verdict of the U.S. Labor Department. The Labor Department evaluated the average hourly earnings of non-supervisory and production workers in the private sector and found that wages are not moving much right now with … [Read more...]
Owning Your Dream Home Despite Your Bad Credit
November 25, 2009 By Leave a Comment
There are certain basic needs that all people have, regardless of their station in life. The poor need to eat just as much as the rich, and the cost of food doesn’t affect this matter in the slightest. … [Read more...]
More Homeowners Getting Mortgage Relief Assistance Finally
November 14, 2009 By 1 Comment
A mortgage relief program was developed by President Obama’s administration, but it has been slow to actually reach homeowners in danger of having their homes foreclosed. In the meantime foreclosures have continued to rise and many more are likely even as banks write off billions in bad loans. … [Read more...]
Home Improvement Loans for Getting Out of Debt
September 23, 2009 By 1 Comment
As a homeowner, if you have been forced into accruing large amounts of debt due to job losses, doctor’s bills, or any other types of issue, it is not the end of the world! People can get very discouraged once damages have been done to their lives; as a result, they feel hopeless and as if they can … [Read more...]
Working With Good Debt
December 8, 2008 By Leave a Comment
As we go through life, we're all faced with important financial decisions. For better or worse, one of the ways in which our country operates economically is by means of credit, and it is with credit that we can find ourselves in debt. This isn't always a bad thing. In fact, it can be beneficial provided … [Read more...]
Debt Now an Overwhelming Factor in Most People’s Lives
November 4, 2008 By 1 Comment
It might go without saying for many of you, but recent studies indicate that debt is now one of the primary motivating factors in most people's daily lives. According to a recent study that asked a selection of individuals what their goals were in life, more than half of them replied that their fondest … [Read more...]