Credit Delinquencies Soar
The Associated Press is reporting that credit card delinquencies are soaring—a situation which could even worsen in the months ahead.
The largest spike appears to be in credit card accounts that are more than three months delinquent.
Financial experts across the country say that the subprime loan debacle could be partly to blame for the mess. If [...]
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Staying Out Of Debt By Fighting Inflation
It seems every time you run down to the store the prices have gone up again. Everything from a gallon of milk to a gallon of gas is permanently moving up in price. This inflation seems to be eating into everything we buy, in particular, everyday items that we cannot do without, such as food.
This [...]
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Experts Recommend Identity Theft Guards
Some financial experts are urging consumers to take special precautions to protect themselves against identity theft. This is particularly necessary, given the fact that many store customers will be paying for their packages with plastic.
Credit cards and debit cards can be easily commandeered by identity thieves who can wreak havoc with your credit card and [...]
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Businesses Slide Into Recession, But Debt Collection Booms
There are a growing number of US debt collection agencies jumping on the bandwagon of growing insolvency problems in America. This ever growing army of debt collectors is chasing an increasing number of people who owe an equally ever increasing amount of dollars.
With this surge in new debt collectors has come an equivalent surge in [...]
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Senate Democrats Seek Change In Bankruptcy Law
Democrats in the U.S. Senate are lobbying for legislation designed to prevent home foreclosures from escalating.
The plan is part of legislation called the Foreclosure Prevention Act. Under the proposal, judges could rewrite the terms of mortgage loans during bankruptcy hearings.
Tags: debts, bankruptcy
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