Written by admin on July 23rd, 2010
Banks Considering Offering Payday Loans
In a somewhat surprising move, banks are considering expanding their loan offerings to include payday loans. It is surprising because companies offering this type of loan have been under scrutiny and a lot of criticism for charging exorbitant interest rates for payday and Refund Anticipation Loans (RALs).
Continue Reading...Written by admin on July 14th, 2010
House Bargains Getting Harder to Find
Consumers hoping to find affordable housing due to falling home prices had better hurry or plan on being patient. House bargains are getting harder to find for several reasons.
Continue Reading...Written by admin on March 22nd, 2010
Mortgage Companies Helping Families Walk From Mortgage Debt
The foreclosure process can easily turn into an emotional drawn out procedure. Consumers who become delinquent on their home loans are faced with months of late notices, warnings, demands for payments, and eventually eviction. In the meantime the bank is paying staff to work the accounts while not receiving any payments.
Continue Reading...Written by admin on March 16th, 2010
Consumers Under Growing Financial Duress
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 [...]
Continue Reading...Written by admin on March 10th, 2010
Predatory Lending Leads to Foreclosures
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.
Continue Reading...Written by admin on February 19th, 2010
Some Hope…Maybe…For Those Facing Foreclosure
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 [...]
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