Personal Finance - Digging Yourself Out of Debt

Excessive consumer debt can be a prison, holding you captive to past financial decisions and overspending ... are true, you have a consumer debt problem: You have little or no savings and are at your limit ... and dreams. In addition to living an all-around frugal lifestyle, the following steps help you get debt [more...]

Date: 2009-01-15 21:23:35

Blog posts (155) | Videos (134)
 

South African Consumer Debt Spinning Out of Control. Half Of Work Force Can’t Pay Their Debts.

Last year I had the opportunity to visit South Africa and take a firsthand look at the consumer debt situation ... debt counselling agency Credit Matters, revealed that whites — who make up 9.2% of the population ... debt problems. New regulations passed recently give more control to debt counselors to go before [more...]

Date: 2008-11-09 03:23:11

Best Guidebook to How To Avoid From Being Bankruptcy

The Individual Voluntary Arrangement which provides an opportunity for the debtor struggling with personal loans or debts to make a payment proposal ... and consumer debt is one of the main problems faced by most of the families in UK today. Hence it’ ... is one of the most efficient debt reduction systems that are very popular in UK. The advantages of [more...]

Date: 2008-12-23 09:39:46

What Else Did Brownski Need- A SMACK IN THE GOB…10 Folk that predicted the Meltdown…

October 12, 2008 Ten people who predicted the financial meltdown The financial events of recent weeks have filled many of us with shock and panic ... pinned against record levels of personal debt, which is secured, if at all, against house prices ... on the problem of consumer debt?”Mr Brown did not answer how he would solve the problem, merely [more...]

Date: 2009-01-10 10:45:36

The Advantages Of Non Profit Debt Consolidation

These days, credit problems can affect anyone. With economic issues becoming a problem for more and more consumers, effectively managing your debt can be a challenge. If you are having difficulties in handling your monthly payments, you may consider a debt consolidation arrangement one good way to help [more...]

Date: 2009-01-13 22:32:51

Open Letter To Congress On The $700 Billion Paulson Bailout Plan

Dear CongressTreasury Secretary Paulson is asking you to rush through a $700 billion package because " ... at all.The problem is consumers and corporations are deep in debt with no way to service that debt.Attempts to bail out banks and brokers at taxpayer expense will do nothing but add to consumer debt [more...]

Date: 2008-09-22 02:28:00

Learn More About Avoid From Being Bankrupt

The Individual Voluntary Arrangement which provides an opportunity for the debtor struggling with unsecured debts to make a payment proposal to ... is one of the most efficient debt reduction systems that are very popular in UK. The advantages of Individual ... and consumer debt is one of the main problems faced by most of the families in UK today. Hence [more...]

Date: 2008-12-25 10:50:20

Debt relief options to achieve a debt free life

Increasing numbers of debtors are having serious monetary issues ... . The debt consolidations programs are widely adopted by individuals to end their debt problems. Here ... overnight. With the state of today’s economy, consumer debt is increasing in number. There are many [more...]

Date: 2008-11-17 03:31:00

Study More About How To Keep Away From Being Bankruptcy

The IVAwhich provides an opportunity for the debtor struggling with personal loans or debts to make a payment proposal to their creditors is a ... systems. IVA is one of the most efficient debt reduction systems that are very popular in UK ... to people to avoid bankruptcy. The personal and consumer debt is one of the main problems faced [more...]

Date: 2008-12-26 04:55:47

Choosing Between Debt Settlement and Debt Elimination

Overwhelming credit card debt. It is a very common problem for many American consumers. So many people pay their monthly minimums, month after month, without any knowledge that their debt burden may never go away. When a person comes to the realization that they are caught in a never [more...]

Date: 2009-01-03 22:30:16

Personal Debt Consolidation Loans

Debt is the cause of a number of health and stress related problems; I know because I was one of those that were affected by it ... . It can easily get worse but I was lucky enough to source a consumer debt consolidation loan firm ... long for the vultures to start and suddenly regular as clockwork, consumer debt consolidation loan [more...]

Date: 2008-12-26 06:51:08

The Wonders of Consumer Counseling for Debt Management

John Cummuta Reviews Many people fall into the trap of mismanaging their debts and oftentimes find themselves in debt far off than what they ... to consider consumer counseling services. The first thing that will be required of you is to list down ... . Consumer Credit Counselors can help you with your credit card problems. They can revoke interest [more...]

Date: 2009-01-15 01:17:33

Help Yourself

Tons of American consumers struggle with debt problems and don’t know where to turn for help ... and your rights when dealing with debt collectors. ... . Thankfully though, people are able to find debt relief from places [more...]

Date: 2009-01-06 05:03:04

Credit card debt and a bad market are hurting US residents

Today here in the great country the United States of America we are sensing the full blown end product of what a economic slump can do ... in unsecured consumer credit card debt are also the ones who are going through the most problems. People ... about to get out of debt. These methods include the world renowned credit counseling, credit card debt settl [more...]

Date: 2008-11-05 00:02:15

Rebates' Fiscal (Non)Stimulus

While I do not have time at the moment to do a proper summary of this paper by John Taylor at Stanford, it is a good read and not that long ... their means and it needs to remain there. Consumer debt is actually going down right now, minimally at least, and that is a good thing. The problem is not a lack of consumer spending [more...]

Date: 2009-01-10 18:33:31

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated that wage increases have risen faster than house price inflation ... that consumers are struggling with debt. Ed Stansfield of Capital Economics, said, “Today’s figures show that for a small but growing minority of borrowers levels of debt have become a problem, despite [more...]

Date: 2009-01-14 23:35:31

Put not Your Faith in Stimulus Packages

As Obama, Volker, Summers, and Geithner prepare to ride into Washington to save us all with a stimulus package, Robert J ... , trigger a new one. A growing federal debt burden would also compound the problem of paying the staggering ... expanding purchases of consumer goods -- contributing to U.S. trade deficits -- and a housing boom [more...]

Date: 2009-01-05 14:32:25

Put not Your Faith in Stimulus Packages

As Obama, Volker, Summers, and Geithner prepare to ride into Washington to save us all with a stimulus package, Robert J ... , trigger a new one. A growing federal debt burden would also compound the problem of paying the staggering ... expanding purchases of consumer goods -- contributing to U.S. trade deficits -- and a housing boom [more...]

Date: 2009-01-05 14:38:51

The Guns For Tots Program…

The Guns For Tots Program… December 12th, 2008 Pop culture is like the re-niggerfication of America ... are so resourceful. The real problem is when broke ass kids start getting some money. To be a consumer ... to consume shit and to go into debt poor people are creating art that mirrors those values [more...]

Date: 2008-12-13 00:34:05

Debt Consoldiation: The Benefits of Consolidating Debt

Amazon.de Widgets Debt Consoldiation: The Benefits of Consolidating DebtBy: Daniel Millions - Debt is a big problem for millions of Americans and other citizens around the world. Debtors who are in exceptionally deep often die with bills unpaid, and the debt is passed on to their relatives. When credit first became available, it was nearly impossible for the average consumer to acquire a credit card. Nowadays, companies want people who have trouble paying their bills, because that means they wi [more...]

Date: 2009-06-28 20:02:50

Money, Credit, and the Law – Know Your Rights

That’s the title of a valuable new video narrated by Professor Richard Alderman, director of the Center for Consumer Law at the University of Houston Law Center. The video, consisting of easily digestible short chapters, provides help managing personal finances, dealing with credit problems and debt collectors, responding when sued by a creditor, seeking credit counseling, or exploring the option of bankruptcy.  The video can be viewed online or a DVD can be requested directly from Professor [more...]

Date: 2009-09-17 20:50:58

The Logic of Keynes in Today's World

Not long ago I was talking to someone who once had been a deficit hawk but the current recession had turned into a full-blooded Keynesian ... out, went deeper and deeper into debt. This indebtedness, in turn, depended on rising home values ... be a problem if most of what we consumed during our big-spending years were bare necessities. But much [more...]

Date: 2008-12-15 21:55:00

Is there a Paradox of Wikinomics?

(note: you can see the original post here). For the last few weeks I’ve spent a fair bit of time thinking about the Keynesian “Paradox of Thrift“, ... , it has to become debt for someone else in order to earn interest). Thus, we have a problem. So it’s a case ... by now, one of the driving forces of the problems revealed in 2008 was that consumers took [more...]

Date: 2009-01-06 19:47:21

Texas Consumer Complaint Center

Texas Consumer Complaint Center Posted by lukegilman at January 13, ... calls and e-mails from consumers with problems such as defective goods or services, debt collectors [more...]

Date: 2009-01-08 15:40:33

Thank You Thursdays: Silver Lining of the Economic Downturn

I've been reading so much lately about lay offs and bail outs and the general state of panic everyone seems to be in ( ... and forces us, as a country, to face our own problem with greed that leads to so much inequality. 2. Thank ... that the explosion of storage spaces, consumer debt, and existential angst are not disconnected [more...]

Date: 2009-01-15 17:46:27

Correcting Mistakes and Punishing Errors

It is a gray morning, here in London. We sit in the building with the golden balls, look out the window, and wonder… …how does it all work? We’re doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes – 2001-2007 – but not other times? How come the Japanese were not able to increase consumer prices? Even now… Japan’s inflation rate is negative. [more...]

Date: 2009-09-28 18:02:03

We Expect No Recovery from the Economy

It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder... ..how does it all work? We're doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes - 2001-2007 - but not other times? How come the Japanese were not able to increase consumer prices? Even now...Japan's inflation rate is negative. And why is it, [more...]

Date: 2009-09-29 04:01:41

We Expect No Recovery from the Economy

It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder... ..how does it all work? We're doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes - 2001-2007 - but not other times? How come the Japanese were not able to increase consumer prices? Even now...Japan's inflation rate is negative. [more...]

Date: 2009-09-29 04:01:41

What Causes a Depression?

It is a gray morning here in London. We sit in the building with the golden balls, look out the window, and wonder… …how does it all work? We’re doing some serious thinking this week. What is it that actually causes a depression? A stock market collapse? Or too much debt? How come government can appear to cure the problem sometimes – 2001-2007 – but not other times? How come the Japanese were not able to increase consumer prices? Even now…Japan’s inflation rate is negative. [more...]

Date: 2009-09-28 18:49:54

How to Teach Teens to Spend Responsibly

As job prospects for college grads darken, many parents are weighing bailouts or other support for young-adult children with heavy debt loads, ... . Such a strategy, says Gail Cunningham, a spokeswoman for the National Foundation for Credit Counseling ... consumer item. To teach teens to avoid such problems, credit counselors suggest giving high-school [more...]

Date: 2008-10-08 13:49:01

The Median Wage Problem

Can the rich keep getting richer while median wages drop? ... on top of a continuing increase in consumer debt. None of those things are sustainable, though [more...]

Date: 2008-12-17 13:00:01

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) according to the Federal Reserve. Unsurprisingly, U.S. consumer spending growth also declined ... states.Frugality is NOT the problem.The real problem is that some businesses and financial institutions want [more...]

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

Will the GMAC Deal Spell Relief for GM?

“Consumer credit is the jet fuel of the auto business,” said Michael J. Jackson, chief executive of AutoNation Inc ... has to meet a certain quota for financing GM cars. Also, falling auto sales aren’t the only problem ... it is burning through cash to a punishing level of debt that couldn’t be funded through the markets once [more...]

Date: 2008-12-30 09:57:00

Puritans versus spendthrifts: recession’s culture war

This is the title of an FT article and poses a simple question. How should people be persuaded to consume rather than save? ... and the poor who are already happy living in debt. Those who already have some cash and assets (i.e. ... developing. So what do governments do about this problem of the puritan older person? There are four [more...]

Date: 2009-01-12 06:03:47

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

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 ... TVs, but about necessities like medical bills. As a result, I dug myself deep into debt [more...]

Date: 2008-10-29 23:20:31

Obama’s Solution to the Government Engineered Economic Crisis? More Government Interference

FreedomWorks Opposes President–Elect Obama’s Stimulus Plan — Borrowing and spending is not the solution for a problem caused by too much borrowing ... out of the recession is to get private capital back into the market and restore consumer confidence. Borrowing ... of bailouts and have no appetite for taking on two trillion dollars worth of debt in 2009 [more...]

Date: 2009-01-15 01:15:02

Australia’s Premier Gold Bug Conference

This weekend's edition of the Daily Reckoning is a little unusual. Dr. Alex Cowie is on holiday in Queensland and I've only just returned from a publishing conference myself. And because I was travelling this week, I didn't write a full complement of Daily Reckoning notes. So instead of reviewing the week's events, I thought I'd tell you about a noteworthy phone conversation I had on Friday morning. "Australians are staking a lot on their understanding of what's really going on with gold. [more...]

Date: 2009-09-28 07:03:19

50%+ rally in the stock market but situation is getting much worse

We have enjoyed a +50 percent rally in the stock market yet this rally has been unable to create private sector jobs or stem the economic pain for most. Millions have seen their bills skyrocket, credit card interest rates hiked, hour’s cut, wages slashed, and are dealing with an accelerating decline in home prices (FL) and pitiful stock portfolios. In order to get a sustained recovery, consumer spending (70% GDP) will have to rebound sharply, which is not going to happen anytime soon. [more...]

Date: 2009-09-29 12:17:40

How to Research Debt Collectors & Understand the Law

This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com. So you’ve received a debt collection call or letter… In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may just happen by a chance wrong number or even being related to someone going through a hard time financially. [more...]

Date: 2009-09-28 11:02:18

The Indian drought causes food & sugar shortages in Pakistan

When there is a shortage of food grains in Hindustan, the smuggling rings of the global mafia try to get the goods to the country from neighboring states. Te current sugar crisis is a case in point. Hindustan now faces a dramatic downturn in its economy. Of course the last decade was an anomaly, and Delhi is fast returning to the Hindu growth rate of that has kept South Asia in penury. When there is a drought in Hindustan, the smuggling network will kick in and bring down Pakistani with it. [more...]

Date: 2009-09-26 07:20:09

The Battle Continues

The rally may end any day, but it didn’t end yesterday. Stocks rose 127 points, as measured by the Dow. Oil closed at $66. Gold rose $2.50. We said we were doing some serious thinking this week. Maybe it is the season. But more and more, our thoughts become grayer. Less black. Less white. Less hard. Less soft. A few years ago, it looked to us as though the world financial system had gone to war. We cheerfully awaited the victory parade. We figured Mr. Market would whup the feds good and hard. [more...]

Date: 2009-09-29 18:37:13

US dollar set to be eclipsed, World Bank president predicts

Flashback: Bilderberg Wants Global Currency Now | Dollar to fall under scrutiny at G20 summit | IMF approves $13bn gold sale to boost lending fund | UN wants new global currency to replace dollar | G20 agrees to continue economic stimulus measures; Geithner shops international reserve accord | China Set to Buy $50 Billion in IMF Notes | Medvedev Unveils “World Currency” Coin At G8 | China calls anew for super-sovereign currency | No one talking about dumping dollar: China minister [more...]

Date: 2009-09-28 23:29:59

(untitled)

A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure. In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. MERS is an acronym for Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. [more...]

Date: 2009-09-26 11:59:39

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

Like itâ Tell?? Sat Loan Modification scam before it costs you your home

The combination of a complex service, desperation of those who leave the service and a new, wide-open market with little regulation, the possibility for fraudsters to have the advantage of a situation that can bring a quick score with them. The biggest problem for the victims of fraud in the loan modification generally isnâ? T the money, itâ? S the effect of time and missed payments to foreclosure. In terms of sheer numbers, the frequency of the loan modification is limited to relatively low. [more...]

Date: 2009-09-28 10:57:42

Using Your Home As A Second Job

Today's LA Times has a very good article by Peter Hong with an unfortunate title: "Don't bank on your home as an ATM" . The notion that Californians took equity out of their homes during the bubble earlier this decade and spent it on frivolities like cars and vacations is a widespread belief. "Using a home as an ATM" is the way this practice is derogatorily described on many of the otherwise excellent housing blogs that have charted the collapse of the real estate bubble. [more...]

Date: 2009-09-27 21:11:10

Credit Card Issuers Growth Prospects From A Micro Level View

This is a guest post by Mr Credit Card from Mr Credit Card . Mr Credit Card has a review site full of credit card offers . Today, he is going to talk about insights from his perspective that might influence credit card issuers stock. If you are looking for a new card, check out his best credit card offer and deals section. Since the stock market hit its lows in March of 2009, it has been on a steady rise since (depending on when you read this post, things may be different off course). [more...]

Date: 2009-09-27 13:29:16

Words from the (investment) wise 9.27.09

Words from the (investment) wise for the week that was (September 21 – 27, 2009) After hitting its best levels of the year on Wednesday ahead of the Federal Open Market Committee’s (FOMC) communiqué, the S&P 500 Index ran into heavy weather on the realization that the Fed could start scaling back on emergency support of the economy. US equities dropped further later in the week on renewed concerns about the state of the troubled housing market and weaker-than-expected durable goods orders. [more...]

Date: 2009-09-27 12:05:27

Where has the Bailout Money Gone? Good Billions After Bad

Where has the Bailout Money Gone? Good Billions After Bad Vanity Fair by Donald L. Barlett and James B. Steele As the Bush administration waned, the Treasury shoveled more than a quarter of a trillion dollars in tarp funds into the financial system—without restrictions, accountability, or even common sense. The authors reveal how much of it ended up in the wrong hands, doing the opposite of what was needed. Just inside the entrance to the U.S. [more...]

Date: 2009-09-28 06:17:36

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