One of the major factors that revolutionized consumer spending habits was the introducing of credit cards. People no longer had to carry large amounts of cash when they went shopping and did not even have to possess all the money that they spent. This meant that more people could spend more. Along with the practice … Read more
Federal Trade Commission (FTC) Chairman Jon Leibowitz was recently joined by California Attorney General Jerry Brown to announce the initiation of “Operation Loan Lies”, a coordinated national law enforcement effort to crack down on mortgage loan modification scams. The operation has already filed 189 actions by 25 federal and state agencies against fraudulent loan shops that … Read more
Debt problems can sneak up on you. Perhaps credit card debt has gotten out of control or an emergency came up that you were unprepared to deal with. There are many consumer consumer credit counseling services cccs that offer help for those unable to handle their debt problems on their own. Non-profit credit … Read more
Personal debt is increasingly becoming a large problem in the recent years. For instance, it is estimated that in late 2007, the average total debt load per household soared to ,000 for the first time. The average debt carried by per household jumped by 54% between the year 1990 and 2007, now the debt load … Read more
Don’t drown in your debts, manage them instead! Rather than paying off many separate bills each month, you can use debt strategies to combine your monthly payments into one easy-to-manage bill per month. Debt consolidation gives you the power to get out of debt with the help of a certified debt consolidation agency. In order … Read more