Debt Consolidation, Help and Relief

US States Implement Stricter Rules On Debt Collection

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  • Posted 10/30/09. by admin

Consumers facing increasing delinquencies are also facing more aggressive debt collection procedures. Anyone who has had to deal with professional debt collectors knows they can be ruthless at times.

Tags: debt collectors, national consumer credit laws, debt collection laws, debt collection

Overdraft Fees Can Become A Major Household Expense

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  • Posted 10/27/09. by admin

When you are preparing a household budget, chances are you don’t include a line for bank overdraft fees. Overdraft fees are never planned and certainly incurred by “accident”. The accident in this case is writing a check that cannot be covered by the cash in the account.

Tags: overdraft fees, personal debt, [...]

Consumer Debt Falls Even As Mortgage Delinquencies Rise

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  • Posted 10/25/09. by admin

There was a cartoon in a newspaper that showed an up trending stock market with a man standing next to it labeled “consumer”. On his back are a number of bags stuffed full and they are labeled with words like unemployment and foreclosures.

Tags: consumer debt, mortgage delinquincies, mortgage rapayments, [...]

Private Student Loans May Be A Bad Move

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  • Posted 10/23/09. by admin

It is common to think of student loans a form of “good debt.” This typically means the sort of debt that Americans take on to pursue secondary education or a college degree. With this debt comes the promise of higher income that would help them pay it off faster.
Yet, there is another term [...]

Consumer Loan Program May Be Necessary

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  • Posted 10/21/09. by admin

In a recent announcement, Federal Reserve Chairman Ben Bernanke said that a consumer loan program that was created to stimulate lending to business and consumers alike is still needed despite the fact that many other emergency lending programs are beginning to shut down in the wake of economic recovery.

Tags: consumer loans

Connecticut Toughens Rules On Debt Relief Companies

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  • Posted 10/19/09. by admin

The state of Connecticut has officially changed the rules by which debt relief companies can legally operate. The new law would apply to those firms and individuals who offer debt relief services and who negotiate with a consumer’s creditors. It would require licensing and would also prohibit upfront fees.

Tags: debt relief companies, [...]

Shielding Yourself From Debt

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  • Posted 10/15/09. by admin

The economy keeps taking turns that make the accumulation of debt easier and easier. Jobs are lost, hours are cut back, and prices keep going up. You have probably been put into a defensive posture, trying to protect yourself from taking too much of a hit during these challenging times.

What Not To Do When You Are In Debt

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  • Posted 10/12/09. by admin

Getting out of debt is the focus of many books, articles, organizations, and conversations around homes. Just as important as knowing how to get out of debt is knowing how you got into it to start with.

Tags: debt tips, debt help

Increased Household Wealth May Ease Spending Strain

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  • Posted 10/10/09. by admin

It seems that the total household wealth in the United States has rising $2 trillion in the second quarter of 2009. This marks an important point for many Americans since it would restore both finances and consequent spending capabilities for most consumers.

Tags: household wealth, consumer wealth

US Government Forced To Raise Debt Ceiling Again

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  • Posted 10/8/09. by admin

At present, members of Congress have raised the debt ceiling for the federal government a total of four times in the last two years. A fifth increase is likely to happen as soon as next month. The cause of this activity is due in large part to the record amount of borrowing the [...]

Kodak May Benefit From Debt Refinancing Bid

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  • Posted 10/5/09. by admin

The Eastman Kodak Company was expecting to gain upwards of $400 million of its $700 million in debt refinancing from other qualified institution buyers instead of using Kohlberg Kravis Roberts & Co., a private equity fund.

Tags: kodak debt

JPMorgan Sells Over $2.5 Billion In Credit Card Debt

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  • Posted 10/2/09. by admin

JPMorgan Chase recently sold $2.53 billion in bonds that were backed by credit card payments. Apparently, the latest offering was increased from $2 billion without assistance from a Federal Reserve program that was aimed at stirring up the lending market.

Tags: credit card debt, JP Morgan, TALF