Debt Consolidation, Help and Relief

Why A Recession Is The Worst Time To Let Your Credit Score Slide

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  • Posted 11/30/09. by admin

Right now, if you are just straining to make your finances work out each month then you are not alone. You may be totally focused on paying your bills, possibly even to the exclusion of other concerns. You need to find ways to pay your bills on time and do everything you can [...]

How To Avoid Debt And Even Bankruptcy From Medical Bills

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  • Posted 11/27/09. by admin

Medical bills are an easy way to go into debt. They are usually large, unexpected, and can come at the most financially inconvenient times. There may not be a convenient time for unexpected medical bills but they seem to come when they are least welcome.

Tags: medical bills, debt help, [...]

Consumer Debt Falls For Eighth Consecutive Month

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  • Posted 11/24/09. by admin

The U.S. Federal Reserve issued a report that indicated U.S. consumer credit fell for the month of September. This makes the eighth consecutive month of consumer credit declines. It would be good to know the debt is falling due to better money management but for many the falling debt is a reaction to unemployment and [...]

Consumers Dealing With Falling Home Prices And Unstable Stock Market

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  • Posted 11/21/09. by admin

Understanding how to handle debt and prepare for retirement in the current economy is certainly much more challenging than it would have been 2 years ago. Many consumers have had to put their planned retirements on hold due to loss of capital assets such as stock portfolio assets. But there are also many consumers who [...]

Fannie Mae Allows Foreclosed Homeowners To Rent

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  • Posted 11/18/09. by admin

Fannie Mae, the troubled mortgage company, is getting into the rental business in order to help some debt burdened consumers. Fannie Mae is a government controlled mortgage company and many feel it has an obligation to help consumers faced with losing their homes during the economic downturn.

Tags: fannie mae, rental for foreclosures, [...]

Students Turn To Federal Loans To Pay For College

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  • Posted 11/16/09. by admin

There is a nonprofit organization named College Board that has tracked the amount of student loans, among other statistics, originated each year. Based in New York, the most recent report on the 2008-2009 academic year shows there were approximately $11 billion in private student loans issued. This is a 52 percent decrease over the [...]

Medical Debt Can Ruin Credit

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  • Posted 11/13/09. by admin

Did you know that medical debt can ruin a consumer’s credit? Some people believe that medical debt is excluded from the credit calculation, or they don’t even think about the unintended consequences of medical debt. Yet every year millions of people find themselves faced with medical debt collectors or medical debts that are long term [...]

US States Implement Stricter Rules On Debt Collection

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  • Posted 11/11/09. 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 collection laws, debt collection

Consumer Debt Falls Even As Mortgage Delinquencies Rise

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  • Posted 11/8/09. 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: mortgage delinquincies, mortgage repayments, consumer debt

Homebuyer Tax Credits And Fraud

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  • Posted 11/5/09. by admin

The American Recovery and Reinvestment Act passed in February 2009 included a provision granting an $8,000 tax credit to first time homebuyers. The tax credit program ends on November 30, 2009 and there is a push on to extend it into 2010.

Tags: homeowner tax cuts, homebuyer tax credits, American Recovery and [...]

Obama Mandates Credit Counseling Before Bankruptcy

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  • Posted 11/2/09. by admin

Americans have had a complete turnaround in their spending habits. Those Americans who were working during the relative prosperity of the 1990s, but perhaps missed some of the recessions in the 1970s or late 1980s, tended to spend everything they made – and even some that they didn’t make.

Tags: credit counseling, barack [...]