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Posts tagged "Debt Delinquency"

U.S. credit card delinquency rate at 0.78 percent in 2011's fourth quarter

Credit card debt struggles can be very impactful on consumers. Recently, the Wall Street Journal reported on some statistics regarding credit card debt. The statistics regard the credit card delinquency rate (the percentage of borrowers who are 90 days or more past due on their credit card payments) in the U.S. in 2011's fourth quarter and are from TransUnion (a credit reporting agency).

Miami-Dade County sees increase in foreclosure rate

As we have mentioned previously on this blog, many homeowners in Miami-Dade County and Florida have faced mortgage struggles and foreclosures in recent years. Mortgage struggles and foreclosures can have significant impacts on homeowners. Recently, a report was released which contained some interesting statistics on mortgages and foreclosures.

Florida homeowner fights for her home

These days, many people are facing foreclosure, especially in Florida. Recently, there have been many instances of banks providing inadequate, if not fraudulent, documentation regarding homes in foreclosure. Consequently, borrowers are no longer allowing banks to take their homes without a fight. The "fight" typically occurs through the court system. Homeowners seeking to avoid foreclosure will hire an experienced foreclosure attorney to help them through this complex and confusing process.

Homeowners more behind on payments before foreclosure

It can take a long time for the foreclosure process to move from the time a lender issues a foreclosure notice to the time the homeowner is evicted. But the time between the homeowner's first missed payment and that eviction is even longer. Last year, homeowners across the country were an average of 507 days behind on payments by the time foreclosures were completed. That is more than 100 days longer that the average in 2009.

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