Consumers Have Trouble Deciding When Foreclosure Is Best Option
There is a lot of information in the news every day about programs like the government’s mortgage modification program. The program is intended to give consumers an opportunity to lower their mortgage payment by changing the terms. The program was put into place during the recession because many homeowners found themselves either unemployed or with [...]
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Utility Bills Create Debt For Struggling Homeowners
Homeowners struggling to prevent foreclosure often have to make difficult and almost impossible financial decisions at times. When unemployment strikes and benefits are just a fraction of the working income, bill juggling is common.
Tags: utilities charges, energy assistance grants, personal finance, consumer debt
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New Year Resolutions Include Reducing Debt
Frugality has not marked the American culture in a long time, but perhaps that is changing for a while. The recession has been very difficult on households financially and it’s not going to change any time soon. Though the economy is in recovery, U.S. Federal Reserve Chair Ben Bernanke has made it clear the pace [...]
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FTC Warns About Auction Scams And Pitches
We have all read the auction pitches or seen them on television. These are the pitches that talk about assets like government seized properties or foreclosed homes. According to the pitch, all you have to do is buy a price guide to find millions of dollars worth of items the government or auto dealers are [...]
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Revival Of Layaway Helps Consumers Avoid Debt
Older shoppers remember layaway plans when they were regularly used by consumers. Then credit cards came into existence and stores and consumers both embraced them. A sale could be completed and the buyer able to walk out of the store with the merchandise in hand. Layaway opportunities became less available as credit card usage [...]
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US Treasury Department Pushes Banks To Help Homeowners
The US Treasury Department just might look like a knight on a white horse to some homeowners facing foreclosure and unable to get cooperation from their mortgage company.
Tags: Subprime mortgage crisis, US Treasury Department, Mortgage modification, personal finance, Banking, Mortgage
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Stores Trying To Lure Shoppers Right Before Christmas
One of the unusual aspects of Christmas shoppers is that they can often stay on budget and resist overspending all the way up to the last few days before Christmas. Then stores start putting on special sales with the sole purpose of luring shoppers into one last spending spree. Consumers can easily find themselves with [...]
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Rising Interest Rates Encourage Debt Consolidation
With all the changes going on in the credit industry right now, it might be confusing what the best course of action is for those who have credit card debt. If you have many credit cards, you’ve probably already noticed that the interest rates on your balances are being bumped up by credit card companies [...]
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Tight Lending Market Hurts Consumers
It is easy to forget that there are millions of people who did not lose their jobs and are living through the recession without having to make significant financial changes. Many of these consumers have good credit or credit that would not prevent them from borrowing responsibly. The problem is they can’t find money [...]
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Beware Of Mortgage Relief Scams
It seems mortgage problems have been in the news nonstop recently but now consumers have yet another issue of concern. Mortgage scams are on the rise as people desperate to hold on to their homes become victims of unscrupulous scams. Sadly the end result is that homeowners often lose their homes even more quickly.
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