Bad Consumer Loans Begin to Level
February 19, 2010
It has been a long recession and it is not over yet despite signs of economic recovery. Consumers have been dealing with an incalcitrant banking industry that has been busy foreclosing on homes and cancelling credit cards. In 2009 the mountain of debt and troubled loans seemed too high to climb, but apparently the peak may have finally been reached. Read more
Consumers Must Prove Income Up Front for Loan Modification Program
February 11, 2010
Homeowners facing foreclosure had hoped the government’s loan modification programs would work smoothly making it possible to remain in their homes with lowered payments. Though the process has been slow, thousands have managed to get the paperwork completed despite a lot of paperwork delays. But thousands more have been unable to close the new loans. Read more
The Only Financial Rule You Will Ever Need
February 5, 2010
Calling something the only financial rule you will ever need sounds a bit grandiose but it gets your attention. Plus, it’s kind of true. Everyone had their own unique financial situation so everyone needs their own game plan but there is one rule that should be kept in mind at all times. Don’t buy something if you can’t afford it. Read more
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