The Truth about Debt Management Plans

by Jon Ochs In my years of experience in the industry, I have found that most people are looking for a debt relief option that does not exist ... their credit - Not cause creditors to hound them with phone calls Reality Check ... loan. Consumer Credit Counseling: These are the ones that have been getting a lot of negative [more...]

Date: 2008-09-21 12:49:13

Blog posts (73) | Videos (105)
 

Life goals for 2009

This time last year, I had three New Year resolutions: pay off all consumer debt in four months, ... : Never miss payments on credit card and mortgage loan. Last year, I had two late payments ... two steps backward and one step forward in personal finance may not always be bad. Like buying [more...]

Date: 2009-01-03 01:00:32

Credit Card Debt: Next Big Hit to Banks?

Given how overextended consumers are, and how banks have been cutting back on the cheapest piggybank, home equity loans, by slashing those credit lines, and the reports of rising delinquencies from even conservative ... in credit card losses. But under the new bankruptcy code, if you do no qualify for Chapter 7 bankruptcy [more...]

Date: 2008-10-01 09:17:30

A 90?s Flashback for Commercial Property

Angela Pruitt reports: Commercial property is bracing for a tough time that could morph into a crisis similar in scope to the free ... in history. But with the credit markets in lock-down mode, consumer confidence battered ... on investment-grade corporate debt,” Kirby said. “Those rates have gone up north of 9%. That’s bad news [more...]

Date: 2008-11-26 15:40:57

The next meltdown?

So what is the next meltdown?  This article in MSN suggets it’s credit cards.  Definitely a possibility ... , but how are people affording credit cards, student loans, and car loans?  Much like foreclosures ... . First, the average debt of consumers is $16k when averaged over people who don’t have credit cards, pay [more...]

Date: 2008-11-06 17:42:46

Debt forces shoppers to rein in their spending after Christmas last hurrah

The crisis facing the British high street was laid bare yesterday by results from quoted retailers which confirmed that margins are being squeezed ... was the last hurrah for consumers as December's credit card bills force them to confront their debts against [more...]

Date: 2009-01-16 00:01:00

Lastest News in Credit Card Debt - Sep 29, 2008

Cards change America - Akron Beacon Journal 29 Sep 2008 at 4:53am T hey called it the ”Fresno Drop ... ., a small piece of plastic called the BankAmericard. The credit card had arrived, a shiny corkscrew for each recipient … Raising credit scores is key for consumers in time of tight lending - Dallas … [more...]

Date: 2008-09-29 14:32:04

How To Deal With Bill Collectors

In today's unstable economy people are consumed with financial matters ... , the credit card company may report you to a collection agency. This debt collection company is hired ... . Initially, you'll receive calls from your credit card company informing you of your late payment [more...]

Date: 2008-12-04 01:40:51

Is Vacation Ownership Immune from the Credit Crisis Cold?

I wrote this article for  ARDA’s Development’s magazine in the summer of 2008. Unlike auto loans, mortgages and other consumer credit, the performance of Timeshare receivables ... to autos to student loan debt. Lenders are bracing for bad news in the timeshare industry as well [more...]

Date: 2009-01-15 16:07:27

Sprint ETF Settlement a Raw Deal for Consumers: How you can (easily) fight back (Updated)

Sprint recently settled an Early Termination Fee (ETF) class action suit ... $25 credit on that debt, if Sprint has already sold the debt to a third-party (collection agency ... a bunch of branching paths, but basically it says that you are entitled up to only a $90 credit [more...]

Date: 2009-01-05 10:30:45

Some Simple Debt Solutions For Getting Out Of Debt Faster

One of the most frustrating financial situations that a consumer can be stuck in is to be heavily in debt ... . There are good and bad companies when it comes to credit counseling, so knowing who you’re working ... to qualify for a loan when you really need it, simply because you don’t have the resources to pay down [more...]

Date: 2008-05-07 15:33:00

paying tuition to life

Have you ever loaned money to a friend or family member? Did you really loan it or was it borrow? ... student he ran up credit cards, drove a a fancy car, and took out student loans, etc.  He was a ROTC ... my parents weren’t helping me, but had preached no consumer debt. Plus I had student loans. Anyway [more...]

Date: 2008-10-21 13:00:30

Thrift Paradox - Is Frugality Hurting Economy?

By: Roshawn WatsonFrugality is on the rise.For the first time since 1952, U.S. household debt declined (3rd quarter 2008) ... for the first time in 17 years. Image Credit: crizlaiAdditionally, U.S. consumers are beginning to save ... a major reason the downturn may not soon end" (Kelly Evans WSJ).Is frugality BAD for the economy [more...]

Date: 2009-01-12 13:09:00

House approves bailout: $700-billion-plus

by Mark Silva and updated at 3 pm With the House's second and successful vote on a $700-billion federal rescue of the nation's financial markets ... at freeing a freezing credit market for businesses and consumers alike. It authorizes the Treasury to start buying as much as $700 billion in bad mortgage-related debts from banks and other financial [more...]

Date: 2008-10-03 19:06:58

Consumer civilization collapses. Now it's all up to MAKE magazine!

http://blog.makezine.com/archive/2008/12/remake_the_world.html? ... was that the credit-card-driven, debt-ridden, pay-later economy wasn't sustainable. Not economically ... of times and the worst of times." We hear plenty about how bad it is or how bad it is going [more...]

Date: 2008-12-13 11:54:01

JPMorgan profit drops 76 percent

JPMorgan Chase & Co. said that its profit fell 76 percent as rising defaults. The company said in a statement that the year-old U.S ... More consumers are paying late on their credit cards and mortgages, forcing banks to increase reserves, the statement said. JPMorgan has almost tripled its provisions for bad debt in the past year. Fourth [more...]

Date: 2009-01-15 14:23:57

No getting laid in the NYT

Rob Walker's "Consumed" column in the NYT Magazine on Sunday (9 November) looks at prepaid credit cards, in particular the Prepaid Visa RushCard, "the product of a partnership between Unifund (a Cincinnati company best known for buying up and collecting on bad debts [more...]

Date: 2008-11-12 15:59:03

Consumer Reports Retirement Survey: Planning Ahead May Be Just As Risky As Rewarding

February issue offers 17 moves to rebuild the nest egg and secure the future In the wake of big investment losses many have turned to Plan B to ... their credit card use and spent less on groceries and household goods. “When bad investments happen to good people, they have to work harder to slash debt, cut spending and save more. Switching to Plan [more...]

Date: 2009-01-06 12:09:04

Consolidate credit card debt with debt consolidation - Loan Modification not the answer

Amazon.de Widgets Consolidate credit card debt with debt consolidationThe move by the FTC comes as federal and state officials plan to expand a crackdown on mortgage-related scams to other schemes that prey on debt-ridden consumers.. Try Credit card debt consolidationCan’t Pay Your Bills? You’re not alone. Today, millions of Americans are having difficulty paying their debts. Most of those in financial distress are middle-income families with jobs who want to pay off what they owe. [more...]

Date: 2009-09-23 18:54:41

Manage Your Debt With CareOne Credit Counseling

We all strive for financial freedom.. a debt-free life.. a secure financial future ... : "The most common form of consumer debt is credit card debt, payday loans, and other consumer finance ... endless notices from creditors, accounts being turned over to debt collectors? Indeed, you're [more...]

Date: 2008-10-03 06:45:00

Why Consumer Debt Is Hazardous to Your Financial Health

You don’t have to look far to find a financial expert who will tell you that consumer debt is bad ... . But has anyone ever really explained what the problem with consumer debt like credit cards and car loans is? On the surface, consumer debt doesn’t seem so awful. After all, using these types of credit lines [more...]

Date: 2009-01-04 13:49:19

Collection Agency calling from 571-431-1958 (Washington, VA)

Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]

Date: 2009-09-25 19:53:49

Consumer Debt Reduction

It’s become a necessary evil in today’s society that most of us need to have some kind of debt. After all, in order to buy a home you’ll need a mortgage. However consumer debt is increasing in almost every household across the nation. It seems to have become a way of life to buy the things we want and charge it to credit. Unfortunately this steady rise in personal debt has also led to a frantic search for consumer debt reduction methods. [more...]

Date: 2009-09-30 19:32:08

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