D. Other Publishers
A number of publications from non-Nolo publishers have a wealth of information beyond what is in this book. The Ultimate Credit Handbook, by Gerri Detweiler (Plume Books), covers everything you’d want to know about credit ratings, credit cards, completing credit applications, protecting your credit privacy and many other topics. Surviving Debt: A Guide for Consumers, by National Consumer Law Center. NCLC is a nonprofit organization that normally publishes books to assist lawyers. [more...]
Date: 2009-09-24 02:03:01
Blog posts
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Videos
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Consumer Credit Counseling
Consumer Credit Counseling January 17, 2009 at 5:00 pm · Filed under Credit Counseling Services div style=’float: right; width: 100px; padding: ... on financed loans and credit card debt can become onerous and when you add in penalties and late fees ... impossible for anyone to compete in today’s arena without the aid of a credit card. And that’ [more...]
Date: 2009-01-17 22:00:36
Debt Managment and Debt Consolidation Loans For Bad Credit
Amazon.de Widgets What is debt consolidation but a way to financial freedom with positive actions to bring about resolutions of high interest rates, late fees, over the credit line fees, etc. and see ones balances decrease instead of increase with positive impact on the credit rating. The question is frequently asked by consumers who find that answers to accumulating debt are on the wire and something has to be done. [more...]
Date: 2009-09-22 05:45:34
Is It A Good Or Bad Thing That So Many Companies Are Going Out Of Business?
What exactly will 2009 bring us in terms of businesses closing down for good? ... to the economy - which while sad for the workers is not necessarily a bad thing. We have consumed ourselves ... $2.56 trillion in consumer debt, with the average household’s credit card debt amounting to $8,565 [more...]
Date: 2009-01-06 14:00:00
The valuable things I learned from being in debt in the past…
… I used to have a high amount of consumer credit card debt years ago, but am very proud to have been debt-free ( ... within my means. Credit cards make it easy and tempting to spend excessively. The lender gives you a credit limit which can be high, so without the proper tools or experience, it can be remarkably [more...]
Date: 2009-01-09 14:00:25
A Personal Bail Out Program for Consumers Stuck in the Credit Crunch
PASADENA, Calif., Sept. 24 (SEND2PRESS NEWSWIRE) -- Credit Crunch Fix (CreditCrunchFix.com) ... is not debt settlement or credit repair, nor legal counsel. Credit Crunch Fix allows consumers ... has launched a legal document preparation service, to let consumers request relief from past due [more...]
Date: 2008-09-24 16:49:15
TANSTAAFL - Ya gotta pay it sometime!
When TMEW and I spend more than we should, we end up paying for it later - by not buying much later ... more debt than they took on... Seasonally adjusted consumer debt -- including credit cards, auto loans ... 1990s. Nonrevolving credit -- such as auto loans, personal loans and student loans -- dropped sharply [more...]
Date: 2008-12-16 18:44:16
How To Eliminate Credit Card Debt
by Ada Denis There is almost nothing more serious than having too much debt to pay each month. Consumers get debt for many unusual reasons out. Sometimes illness, accidents, or just bad fate can make it appear impossible to find finances ... taking control of your financial position is to learn how to get rid of your credit card debt [more...]
Date: 2008-11-23 17:42:51
Borrowing Beyond your Limit can Result in Consumer Debt
Consumer debt has risen to worrying percentages in the past few years ... debt can be acquired in various forms, including through a credit card or a payday loan. There are many ... of the loan, how much the borrower is able to pay back per month, their current credit score [more...]
Date: 2009-01-17 00:24:29
Debt Is Up! Debt Is Down! Which Is It?
Two recent stories regarding consumer debt caught my eye because I read them practically right after each other … From the Associated Press on ... to end this cycle, I wonder - and how bad is it, really? Although the delinquency rate on credit ... trillion, the Federal Reserve reported Friday. Consumer credit rose at a 3.1 % pace in September [more...]
Date: 2008-12-16 01:28:57
Debt Fraud is Real: What you Should Know
Recent statistics have shown that millions of consumers are affected by debt fraud each year, ... the identity of the debt collection agency. They do not consider the possibility that the whole thing ... even deeper in debt. Credit elimination experts indicate to consumers potential ways they could [more...]
Date: 2009-01-16 00:24:21
Credit Card Issuers See the Writing on the Wall: Forgiveness of Debt — they also got paid in full through securitization, so there is no obligation owed to them
Credit Card Companies Willing to Deal Over DebtBank of America says it eased off on more than 700,000 credit card holders in 2008, ... ring of a phone.Graphic Behind Changing Tactics, Mounting Losses Related Times Topics: Credit Crisis — ... to foster the explosive growth of consumer debt in recent years, credit card companies are realizing [more...]
Date: 2009-01-05 00:34:25
Paying Down Debt In Your Marriage
Debt can be a real strain on any marriage. Today we’ll take a look at how you can work with your spouse to reduce debt together ... accumulate credit card debt. Before you know it, you’ve racked up $50k in consumer debt, not including ... such as an unexpected medical expense or car repair. Don’t skip step 1! It’s #1 for a reason. Step [more...]
Date: 2008-09-08 13:12:49
January 2009 Financial Status / Net Worth Update
Net Worth Chart 2008 Credit Card Debt I have no actual consumer debt. In the past, I have been taking money from credit cards at 0% APR and immediately placing it into high-yield savings accounts or similar safe investments that earn 5% interest or more, and keeping [more...]
Date: 2009-01-06 11:22:18
Mr. President: Please Look at What's Happening
Mr. President, I write this article to implore you to reconsider the direction your administration has embarked in attempting to try and reverse the ... from failing, but too much of anything can be bad. Pressuring banks to lend to one another is needed, but forcing more credit onto consumers already in debt is unwarranted. This country and its [more...]
Date: 2008-10-19 07:08:55
Questions About Collections? Ask Melissa
Dear Melissa, My daughter is in the midst of a career move and has had a bill sent to a collection agency in the state she previously resided in ... can absolutely not affect your credit report in any way. Consumer debt is not transferable ... the payment. The agency will report to the credit bureaus that the account is paid, if applicable [more...]
Date: 2009-01-14 13:00:17
Debt Negotiation Programs
Get Yourself Out of Debt You should be cautious of claims from so-called credit repair clinics ... , your ability to get credit. That’s why many states have laws regulating debt negotiation companies ... . Many companies appeal to consumers with poor credit histories, promising to clean up credit [more...]
Date: 2009-01-11 12:34:30
The Bad Paper Chase
And the handout/buyout craze continues. The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt ... obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks ... also unveiled a new program to help unfreeze the market that backs consumer debt such as credit cards [more...]
Date: 2008-11-26 00:46:42
Thinking for a used car loan is a right idea to save more and pay off your debt quickly
More and more people are searching for auto loans for bad credit . With household debt being at an all-time high, credit ratings keep dropping. Just a few years ago, individuals with low scores found it nearly impossible to be accepted for a car loans. Today, things have changed. Banks and lenders have realized that with the increasing debt, opportunities do exist to not only help consumers get a guaranteed car loan , but to help them rebuild their financial reputation once again. [more...]
Date: 2009-08-26 13:25:27
Who’s To Blame for Tech’s Woes? You and Me
The last time technology investments took a hit, it was easy to look around at the scattered sock puppets and dark fiber, ... t their wholehearted embrace of the web — it’s consumers’ wholehearted embrace of credit. That’s right, this tech ... debt, in the form of home equity loans and credit financing, which they’ve used to buy fancier cars [more...]
Date: 2008-10-31 04:01:17
David Sirota: Top 5 Reasons to Vote Against Paulson's $700 Billion Bailout
There's news this Sunday afternoon of a congressional deal to bailout Wall Street fat cats with $700 billion of taxpayer cash ( ... INHERENT FISCAL INSANITY COULD MAKE PROBLEM WORSE When an individual consumer uses a new credit card to pay off astounding debt from an old credit card, it's called kiting, and in many cases [more...]
Date: 2008-09-28 23:35:52
Friday morning links
TOP STORIES Rate cut from Japan, Barclays seeks funding - Reuters Nevada, Michigan, Florida lead 'underwater' list - AP Housing plunge: ... is more likely than many assume - MarketWatch Banks, consumer advocates urge U.S. to allow credit card debt ... it feels so bad - CNN/Money Economic data point to the start of a recession - LA Times Recession Ghost [more...]
Date: 2008-10-31 13:20:00
A Good Decision from the OCC's Tim Long
Regular readers know I don’t normally have much good to say about OCC bank regulator Tim Long ... proposal to defer losses on bad consumer credit card debt. The plan, concocted by an odd alliance of bankers and consumer groups, was a one-two punch of dumb ideas. First, it would have let card lenders “ [more...]
Date: 2008-11-14 19:35:26
Another One Bites The Dust
Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business - closing its 567 U.S ... such as KB Toys, Mervyns LLC and Linens ‘N Things into bankruptcy. Experts believe ... had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer [more...]
Date: 2009-01-17 18:54:50
Spot On: Old solutions for a new economy
Interesting article on the economy, “Old solutions for a new economy,” by the Spot On blog: ... of consumer credit - both created by debt. Even though equities are cheap, people have no money ... might hinder their repair. …On the consumer side, Washington should consider ways to free up credit [more...]
Date: 2009-01-15 19:53:52
Stores With Layaway Option Seeing Increased Interest
I know it is en vogue to bring back things from the past, but this is a trend I thought had gone forever: layaway. With tightening credit policies, and maxed out consumer debt, it seems layaway is making a comeback. Personally, I am not a big fan of layaway, ranking it somewhere between using a credit card [more...]
Date: 2008-12-15 19:00:32
Rent to Own
At first reading about this rent to own company it got me thinking that if only we have that in here as well ... used in many walks of life. And they even have growing consumers without jeopardizing their credit or debt! With this rent to own industry, you can rent just any kind of home items. And since [more...]
Date: 2008-06-27 23:30:45
Circuit City to close 567 remaining US stores
Circuit City, unable to work out sale of company, will close 567 remaining US stores Michael Felberbaum and Vinnee Tong Associated Press Bankrupt ... by this outcome.” The company had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer worries proved insurmountable. Negotiations for an acquisition went [more...]
Date: 2009-01-16 20:40:40
and we lost 5 bucks in the laundry yesterday, too
talkleft tells us that the stock market lost $3 trillion in the last three days: more bad news on the economic front ... for the program to support financial markets that supply consumer credit in such areas as credit card debt [more...]
Date: 2008-11-13 04:27:10
Senate Steineger Addresses Address to AFP Summit
We received this email from State Senator Chris Steineger earlier today, and we wanted to share it with you uncut and unedited ... a nation living beyond its means, a nation living unsustainably. For its people, buying too much house, huge credit card debt for throw away consumer goods, and driving gas guzzler vehicles exemplify [more...]
Date: 2009-01-14 20:07:00
Six Simple Steps to Avoid Credit Problems in a Bad Economy
The New York Times ran a story today that says the next consumer crisis is credit cards — a sobering fact in a nation that has racked up massive amounts of credit card debt. Unfortunately, when times get hard, many people turn to credit cards ... this myself, buying things on credit when I had no other way to pay for them. I’m not talking about [more...]
Date: 2008-10-29 23:20:31
Circuit City To Liquidate… Over 30,000 Jobs To Be Cut
Bankrupt Circuit City Stores Inc., unable to work out a sale of the company, said Friday it will go out of business _ closing its 567 U.S ... had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer worries ... Capital Partners LLC, SB Capital Group LLC and Tiger Capital Group LLC as liquidators. They will pay [more...]
Date: 2009-01-16 21:58:08
Record Credit Card Defaults Signals a Weaker Recovery
According to reports from Moody’s ( MCO ) Investors Service, credit card delinquencies surged to record levels in August. In the first increase of charge-off rates since the rally began in March, credit card issuers wrote off 11.49% of uncollectible consumer debt compared to 10.52% in July. Also loans more than 30-days past due also rose to 5.8%. Moody’s report also suggests that charge off rates are not likely to peak until mid-2010, as unemployment continues to strain many consumers budgets. [more...]
Date: 2009-09-24 14:40:21
Do NOT Shred it and Forget it!
Public relations people often pitch products to bloggers like me. Most PR pitches tout harmless products, which I ignore. Until now ... you to shred your unpaid credit card statements to ignore creditors, to hide consumer debt ... with ease once all evidence of indulgences has been destroyed, thus keeping bills, credit card statements [more...]
Date: 2008-12-13 08:05:49
A Positive Approach To Debt Problems
A Positive Approach To Debt Problems Posted in January 17th, 2009 Category:Debt Relief The consumer credit boom of the last decade or so has led to record levels ... that this era of cheap and easy credit is over, and that there are storm clouds gathering [more...]
Date: 2009-01-17 23:42:17
Niall Ferguson's "The Lessons of Detroit"
Here's an excerpt from Harvard financial historian Niall Ferguson's massive Vanity Fair article explaining it all: "Wall Street Lays Another Egg:" ... their homes as cash machines, converting their existing equity into cash and using the proceeds to pay off credit-card debts, carry out renovations, or buy new consumer durables. However, the [more...]
Date: 2008-11-07 12:06:22
Circuit City, Outta Here
Bad news, but don't think Circuit City is the only giant retailer to close its doors for good, more will come.Bankrupt Circuit City Stores Inc ... had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer worries [more...]
Date: 2009-01-16 18:05:00
What You Can Do To Keep Your Credit Score Afloat
Are you ready for a fresh financial start this year? Here are a few easy ways to spring clean your credit score, and begin today to pay down your debt. Order a copy of your credit report. Consumers have access to one free copy per year from the three [more...]
Date: 2008-04-29 21:58:58
The Assets of Penultimate Fools
by The Mogambo Guru I was standing at the highway interchange, yelling at all the cars that went zooming by me as their drivers ignored my signs, ... with their preposterous new economic theories constantly create money and credit, to allow you to create more debt ... it to, "The consumer is completely strapped out, and without the ability to secure cred [more...]
Date: 2008-09-07 01:27:52
Another Bad Day Dawns in Asia
As of this writing, the Nikkei is down nearly 500 points. Singapore is least trashed, down 3%, the Hang Seng is down over 6% ... no confidence in Paulson's latest folly, the "let's bailout credit card debt so the banks can let consumers ... in at least 15 years, according to Credit Suisse AG. ``Besides [more...]
Date: 2008-11-13 04:32:03
Tell Us Something We Don't Know: Consumers Deeper In Debt
From the "not news" file comes a report from credit rating firm, Equifax, that consumers are falling more deeply into debt. According to Reuters, Dann Adams,... This is a content summary only [more...]
Date: 2008-12-23 20:47:24
MortgageNewsClips: Spreadsheet Resource, Realtors Beware, Credit Cards, Lou Ranieri, Securitization Primer, Popular Sells, Asymmetric Risk, Damage Report, Disparity, NY Mortgages, Freddie Automates, 3 more News Clips
RESOURCE: has list of sites offering free spreadsheets - Spreadsheets: Free to Learn - No-cost tutorials, instruction, ... Ross - Inman News ———— BusinessWeek_logo Credit-Card Rage - Debt-strapped consumers vent ... -old concept of securitization a bad name, IMF Economist Andreas Jobst writes. Securitization [more...]
Date: 2008-09-02 10:37:39
You Can Legally Erase Your Credit Card Bill From Your Credit Card Company
American consumers can now legally and ethically discharge 50% of their debts that they owe to their financial institution. Not many Americans have been made aware of this fact because their CC company only wants them to pay the minimum payment each and every month and thus steal away their wealth from them pennies at a time so they go unnoticed.Last 5 posts by When Do You Apply For a Law Suit Loan? [more...]
Date: 2009-08-11 06:00:53
Debt Consolidation Explained
Debt Consolidation Explained December 16th, 2008 As more and more consumers struggle with out of control debts, ... large and small. In modern society, credit has become so simplified that individuals become burdened ... loan. These typically boast rates far lower than the interest rates offered by credit card companies [more...]
Date: 2008-12-16 15:57:23
More Consolidation Debt Help
Debt got you down? You’re not alone. Consumer debt is at an all-time high and it’s not getting any better any time soon ... on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live. The Federal Trade Commission (FTC) cautions consumers to read between the lines [more...]
Date: 2008-12-07 14:49:49
Circuit City to close 567 remaining US stores
Circuit City became the largest retailer to fall victim to the expanding financial crisis Friday, announcing it will shut down its remaining 567 U.S ... had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer [more...]
Date: 2009-01-16 18:12:54
"US Banksters Flip Flop On Bailout Rationale"
... expansion of the program into the markets that provide support for credit card debt, auto loans and student loans.Paulson said 40 percent of U.S. consumer credit is provided through selling securities [more...]
Date: 2008-11-12 23:52:00
Det Rattle, June 10 2008: Credit tightening across the board
Stoneleigh: Sorry the Debt Rattle is very late today. I have had very limited internet access this morning due to technical problems. I will be adding material through the day. Credit crisis expands, hitting all kinds of consumer loans The credit crisis triggered by bad home loans is spreading to other areas, forcing banks [more...]
Date: 2008-06-10 18:20:24
Paulson Says Focus Of Bailout Is Expanding
Treasury Secretary Henry Paulson said today that he was changing the focus of the $ 700 billion bailout passed last month from buying up troubled ... in such areas as credit card debt, auto loans and student loans. Mr. Paulson said 40 percent of the nation’s consumer credit was provided through selling securities that are backed by pools of auto loan [more...]
Date: 2008-11-12 17:14:08
Home Foreclosure Resources & The Foreclosure Survival Guide by Steve Elias - New Nolo.com Book
Hi Friends, As most of us know, Nolo.com is the best Website for consumer and small business USA legal information ... specific sections with articles & FAQs on Foreclosure, Credit Repair & Debt, Bankruptcy and Social Security ... , bankruptcy, credit law and foreclosures. Well... as our country slowly quickly moves into economic [more...]
Date: 2008-10-13 02:18:00
