Published On June 16th, 2011

If you are turning prematurely gray with fear of foreclosure and frantically looking for a way out then consolidation of much of your debts might be a solution to your worries. Opting for a debt consolidation plan will help you to show your mortgage lenders that you take your debt obligations quite seriously and have properly restructured your debt so that you can afford to make mortgage payments on time in future. With debt consolidation you can merge your multiple debts and pay through a single…

Published On April 26th, 2011

American consumers have 609.8 million credit cards in their collective wallets, and the average household carries nearly $8,000 in credit card debt. While credit cards are convenient payment methods, they are not a great way to carry debt because of high interest rates that can change month to month.

Published On April 1st, 2011

Before the housing crisis, it wasn’t uncommon for people to raid their home-equity piggy banks to pay off bills. Plummeting home values and tougher lending standards helped curb that practice, leading some people to engage in a far more disturbing habit: borrowing or withdrawing money from their retirement accounts to cope with financial hardship.


Published On February 1st, 2011

Interest rates are now hovering near record highs, at an average rate of 14.72%. And if your credit is bad enough, you could even end up with a rate as high as 59.9% APR. That’s because while the CARD Act helped crack down on certain fees and requires more disclosures, it didn’t cap every credit card holder’s worst enemy: interest rates. Sure, the new rules prevent banks from raising most interest rates retroactively, but there’s no limit on the rates they can charge…

Published On October 12th, 2010

Bank fees: They’re like a game of Whac-a-Mole. The minute one set is banned, a whole new set pops up. In August, the Card Act banned a variety of fees – including certain overdraft and excessive late charges.

Published On October 11th, 2010

For some, merely reading the title of this article may provoke an uneasy feeling in the pit of their stomachs. For others, it may elicit a response such as, “The holidays? It’s only October.” If you identify with the former, we’d like to suggest a mild antacid. If you relate to the latter statement, we’re about to provide a mild reality check.

Published On August 7th, 2010

Striking a blow for freedom and transparency, consumer-friendly rules mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 took effect on February 22, Washington’s Birthday

Published On June 29th, 2010
The majority of Americans know the rates they are paying on their credit card and their credit rating
Published On April 18th, 2010

I wanted to write on a new topic we have not covered before on my blog.  This topic is Peer to Peer (P2P) lending.  In a nutshell, P2P lending is when you borrow money from many different people on the internet, instead of using a bank, or you invest money to other people who need it and enjoy higher returns than normal in other investment vehicles.

Published On April 6th, 2010

In 2008, credit card delinquency rates in the United States hit a four-year high, according to Equifax, a credit card analysis firm, and continue to rise in 2009. A few factors may have been responsible for pushing consumers over the edge, including the mortgage crunch, rising energy costs and a decreasing savings rate.


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