National Debt Relief Stimulus Plan Fights Recession and Unemployment

The U.S. economy has lost 5.7 million jobs since the recession began in December 2007. This frightening loss, which heightening the $2.3 trillion consumer debt epidemic, incapacitated huddles of Americans to default on financial obligations to their creditors. Aiming to curb the unemployment crisis, DebtFreeLeague.com rolled out the National Debt Relief Stimulus Plan. The incredible debt reduction benefit couldn’t have arrived at a more opportunistic time. [more...]

Date: 2009-09-05 09:06:40

Blog posts (17) | Videos (8)
 

Why Does Paulson Want Us to Keep Piling up Debt?

Bailout Nation turns to consumers today, as Treasury Secretary Henry Paulson prepares to announce a new program to encourage lending for auto loans, ... to complain when consumers finally get their turn. I know we need to get credit moving to help the economy ... the last decade piling up debt, taking out equity from their homes to spend [more...]

Date: 2008-11-25 14:40:19

Getting Out Of Credit Card Debt

Now that the nation is fully aware of how much debt we are facing as a country and individuals the time has come for each person to address their own personal finance demons.  The one thing that commonly holds consumers back from achieving their financial goals is high interest credit card debt.  Statistics vary on how much debt each household is currently carrying but the sad truth is many people are living paycheck to paycheck just trying to make ends meet.  When credit card payments [more...]

Date: 2009-09-07 06:00:00

Debt-Financed Consumer Spending Spree?

From the Wall Street Journal article "Hard-Hit Families Finally Start Saving, Aggravating Nation's Economic Woes": ... " and you get 600 results, and for "credit card nation" you get almost 400 results. But the consumer debt data ... Rick and Noreen Capp recently reduced their credit-card debt, opened a savings account and stopped [more...]

Date: 2009-01-08 14:56:00

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 ... , huge credit card debt for throw away consumer goods, and driving gas guzzler vehicles exemplify ... . Our government and its people have been living well beyond our means. The increased National debt, the federal [more...]

Date: 2009-01-14 20:07:00

W3 Debt Solutions MBO

Crains Manchester reports that Chorley-based consumer debt group W3 Debt Solutions has undergone an??MBO fromits previous owner??Begbies Traynor. It said no price was given for the transaction and neither Begbies Traynor (AIM: BEG) nor W3 were available to confirm the deal. It said W3, which trades under the name of National Money Helpline [more...]

Date: 2008-11-20 16:17:48

In major settlement, St. Louis Park company agrees to stop handling consumer arbitration disputes

Less than a week after being sued by the Minnesota attorney general’s office, the nation’s largest arbitrator of credit card and consumer collections has agreed to stop performing such work, state Attorney General Lori Swanson announced today. The National Arbitration Forum, based in St. Louis Park, allegedly deceived consumers into thinking it was a neutral arbitrator in debt collection, the lawsuit said. [more...]

Date: 2009-07-19 21:01:22

Weekend Edition: 1-10

Random Observations Kudos to Esquire magazine for picking Gerard Baker as the “headliner” from South Dakota when it sought “wisdom and advice” from ... . Rushmore National Memorial. Further displaying my ignorance in economics, why is reduction in consumer debt a bad thing? Or are we just so locked into being a debt-based economy there’s no way [more...]

Date: 2009-01-10 17:09:44

More Bad News For Retail REITs

Seeking Alpha's Housing Tracker is a collection of housing-related excerpts from various sources, grouped by topic ... Malls around the nation are struggling with debt and vacancies against the backdrop of a significant slowdown in consumer spending. Reports from South Florida, Georgia and Arkansas below show things [more...]

Date: 2008-10-20 10:50:29

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

A Look At 2009 From The Inside: Real Estate, Credit, and Debt

About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]

Date: 2009-01-02 15:47:36

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

Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.

Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co ... with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process of creating a debt solution, other than [more...]

Date: 2008-10-31 15:51:17

Economist predicts layoffs through 2010

Hahn The current recession will be the nation’s longest and deepest since the Great Depression, ... reductions in consumer spending. A continuing flood of home-loan payment adjustments that will result ... – and borrowing trillions of dollars to finance the difference. We have been on a 25 year debt binge [more...]

Date: 2008-12-26 12:59:06

A Guide To Credit Counseling

Debt counseling has become a $7 billion dollar industry, but not all of them play fair. 10 years ago the credit counseling industry was dominated by the National Foundation for Credit Counseling, who nonprofit affiliates, usually known as Consumer Credit Counseling Services, would [more...]

Date: 2009-01-04 13:00:09

Bailout Response

This week our country decided to bailout the economy with a $700 million in aid to lenders so there wouldn’t be a total collapse ... it is about financial loss or profit. In America we have cultivated an attitude of consumer spending that has led to consumer debt.  Not only do we have national debt increasing, but household debt [more...]

Date: 2009-01-14 06:55:55

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

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