Some statistics that were recently reported on by CNN Money indicate that the U.S. saw some interesting debt-related trends in 2011. The statistics are from CreditKarma and they regard the U.S. consumer debt averages for certain types of debt in 2011. According to the...
Sometimes, individuals will look to the protection of bankruptcy when they are experiencing financial struggles. This can be seen in a bankruptcy case that has recently arisen in Iowa.The case involves a man who is the founder of a major real estate development...
Struggles with debt are one of the types of financial problems consumers can face. Such struggles can have major impacts on a consumer. There are many types of medical debt struggles and how much insurance protects individuals from such struggles.Source: UPI,...
Dealing with mortgage problems and foreclosure proceedings can be very difficult. It can be even more so when mortgage lenders and servicers engage in wrongful practices. Such wrongful conduct can have major impacts on borrowers. In some cases, it can even lead to...
Last week, we talked about the credit repair scams that seem to be running rampant in South Florida. Now, the Government Accountability Office has released a report about another type of "service" that might do consumers more harm than good. The GAO found that most...
Hollywood Video and Movie Gallery filed for bankruptcy nearly a year ago. At the time, thousands of movie renters owed the company a few dollars here or there for late fees. Now, the collections company working for the video chain has begun filing negative reports to...
There is a new trend in foreclosures. More homeowners are choosing to ditch their second homes when the property is worth less than the mortgage balance, even if they are still able to afford the payments. This is known as strategic default, in which a homeowner...
Although filing for bankruptcy can provide considerable relief to those who are facing insurmountable debt, bankruptcy is not always the correct choice for everyone. While some may not qualify for bankruptcy, others may wish to use an alternative to solve their debt...
