Tag Archives: consumers
- Get Out of Debt
Struggling to get out of debt ? If so, you aren’t alone. Millions of Americans are drowning in debt. They are overextended to the point of filing bankruptcy or losing their home to foreclosure
- Jeffrey Writes in About Mortgage Company Ethics
“I have a quick question for you. What do you think of the sale of mortgages when consumers have no say over who the ultimate buyer of their mortgage will be? Say, you have a problem with one of the banks caught up in the sub-prime lending issues and your new mortgage with one of [...]
- Consumer Debt Options Threatened: “Consumer are the losers with a debt settlement industry in crisis.”
Press release just out from New Era Debt Solutions. A whole lot of commonsense and truth in this release. Good job guys. @GetOutOfDebtGuy CONSUMER DEBT OPTIONS THREATENED “Consumers are the losers with a debt settlement industry in crisis.” People today are facing more immediate financial pressure than ever before. Jobs are vanishing, foreclosures are trending [...]
- Expect Tidal Wave Of Limit Reductions and Credit Card Closures to Hit Before Christmas
Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit [...]
- Some Interesting Ideas To Try To Bribe You To Spend, Spend, Spend
Here are some interesting ideas floated in a recent Washington Post article to encourage consumers to get back to what they are supposed to do best, spend. What do you think about these ideas? Idea 1 Lower the price of consuming. State governments could suspend sales taxes, with the federal government picking up the tab. [...]
- Groups seek credit card debt forgiveness
Groups seek credit card debt forgiveness BusinessWeek - 34 minutes ago issue around 80 percent of all US credit cards. Americans now are weighed down by around $900 billion in credit card debt , according to Federal Reserve figures.
- Consumers Feel the Next Crisis: It’s Credit Cards
Indeed it is. If you’re not in top shape for the credit card shakeout that’s already taking place, there isn’t much you’ll be able to do about it. It’s probably already too late. After years of flooding the market with credit cards (and generous limits), banks are finally starting to take it back. Eric Dash, a New York Times reporter, does an excellent job of distilling the situation. From
- Outrage Over Credit Cards with 222% APR
Outrage Over Credit Cards with 222% APR QCK, UK - 1 hour ago The money must then be repaid at a rate that is more than 10 times the average APR of a credit card. Debt groups and politicians have expressed anger at the …
- In this economy, layaway is in vogue
In this economy, layaway is in vogue Tampabay.com, FL - 2 hours ago Consumer credit is getting tighter at a time when rising joblessness, foreclosures and prices make it harder to pay off credit card debt . …
- Eleven Real Things You Should Do to Survive a Bad Economy
So much of what we read is all high level safe stuff about what people should do when facing tough economic times. And a whole lot of that advice is good for the masses, but what about what is best for the individual, you. The government wants consumers not to lose confidence during tough times. [...]