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

Blog posts (17) | Videos (5)
 

US News and World Report: The End of the Shopaholic Nation? (pfblogs.org)

Ideas we've been presenting since blog inception i.e. the Pooring of America - are starting to gain fame in the mainstream media. Again, gas dropping 50 cents is not going to fix the consumers problem. I don't care ... credit, and that credit is drying up by the day. Then in the past decade as the middle class loses [more...]

Date: 2008-09-20 21:59:02

Credit Crunch Hitting Car Dealers

At least 600 of the 20,700 new-car dealerships in the U.S ... of years, " said Paul Melville, a Grant Thornton partner. "But the current credit crunch and high cost ... a credit crunch, consumers have their own problems: making the mortgage payment, paying the energy bills [more...]

Date: 2008-10-02 16:39:33

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

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

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

The Situation of Credit Card Regulation

Situationist Contributor Adam Benforado recently published the following op-ed, titled “Time to Rein in Tricks of the Financial Trade,” in Cap Times . * * * I have a confession: I teach contract law, and I do not understand everything in my credit card agreement. If business law professors are getting lost in the fine print of consumer financial products, we have a fundamental problem. Back in the early 1980s, the average credit card contract filled up a single page. [more...]

Date: 2009-09-28 04:01:16

Larry Summers Sounds Alarm, Urges Aggressive Federal Intervention to Rescue Economy

Larry Summer's latest comment at the Financial Times, "What we can do in this dangerous moment ... and growing evidence that problems are spreading to the construction and consumer credit sectors [more...]

Date: 2008-06-30 02:59:03

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

The vast majority of people are not in trouble.

  Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem ... that a financial institution or Fannie/Freddie issued and now holds in their portfolio is reported as a bad ... they do not have enough asset value in the home to cover their loan.       *     Remember the [more...]

Date: 2008-09-30 12:45:59

Helping to Explain the Bailout Issue to Jittery Clients/Consumers

by: Chris Galler, COO - Minnesota Association of REALTORS Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give you at least ... and now holds in their portfolio is reported as a bad investment because the value of the asset [more...]

Date: 2008-10-01 17:06:08

Helping to Explain the Bailout Issue

   Helping to Explain the Bailout Issue to Jittery Clients/Consumers Most of the consumers you talk with will not have a good handle - I am not sure anyone does yet - of the nature of the credit problem. In this short article, I hope to give ... /Freddie issued and now holds in their portfolio is reported as a bad investment because the value [more...]

Date: 2008-10-03 13:49:54

HSBC are thugs (sorry “partners”)

HSBC has gotten a little aggro lately – an analyst dispute widely reported in the FT and other places ... be found here and here amongst dozens of consumer rip-off reports on the web.Bally managed to report ... but they included penalties as per credit cards.  Obviously collection was a problem.  Bally filed [more...]

Date: 2009-01-15 23:27:00

Second Economic Stimulus Package Gains Momentum

Talks of a second economic stimulus package gained steam as Fed Chairman Ben Bernanke voiced approval of a ... improve access to credit by consumers, homebuyers, businesses, and other borrowers.” Basically, a new [more...]

Date: 2008-10-21 18:00:07

Banks and Consumers Are the Problem, Not Bad Assets

Treasury Secretary Henry Paulson announced that he has shelved the original plan to buy troubled mortgage assets via the recently approved $700 ... loans, student loans and credit cards. This is creating a heavy burden on the American people [more...]

Date: 2008-11-14 12:14:14

Consumer Headaches: 15 ways to get help

My two-month-long fight with Qwest, which barring a stroke of luck will no doubt go on a lot longer, ... serious problems that might damage your credit rating or cost you big bucks requires you to roll [more...]

Date: 2008-10-26 02:56:28

Get A Fast Cash Loan, Pay Through Your Nose

If you’re hoping to get a personal loan , be wary of where you look! You’ve got limited options when you have bad credit and are in a financial bind. While a lot of people may not have much sympathy for consumers who have fallen into this trap, I can see just how easy it is to get in this position. What if you just don’t make enough money? What if you work a menial job and end up with a chronic illness? A lot of people are one accident or health problem away from going broke. [more...]

Date: 2009-09-23 07:36:40

17 Results