Written by admin on November 10th, 2009
Impact of Recession on Consumer Credit
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.
Continue Reading...Written by admin on July 22nd, 2009
New Data Suggests Recession Is Loosening Its Grip On U.S. Economy
Despite the fact that the recession in the United States is beginning to release its grip on the economy, analysts are quick to point out that recovery was still going to be a slow and lengthy process.
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 March 11th, 2010
Bankruptcies Reach New Highs
Bankruptcies have reached new high levels and the year 2009 will probably hold the record for a while as the year more people across all socioeconomic strata were forced to file.
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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 [...]