In this podcast I talk about how you might already have that vibe that prices are rising, well, everything. Rent, groceries, gas—it’s all going up, but our paychecks? Not so much. And here’s the kicker: this isn’t just inflation. This is something way more calculated. We follow Jake, a hard-working guy just trying to keep …
Ever feel like your paycheck disappears faster than you can say ‘autopay’? You’re not alone. Consumer debt isn’t just about credit cards—it sneaks up in ways most people don’t even realize. Let’s talk about consumer debt. You know—the usual suspects: credit cards, car loans, personal loans, and maybe that store credit card you got just …
The latest Household Debt and Credit report is out for 2020 Q4. Aggregate household debt balances increased by $206 billion in the fourth quarter of 2020, a 1.4% rise from 2020Q3, and now stand at $14.56 trillion. Balances are $414 billion higher than at the end of 2019. Balances Mortgage balances shown on consumer credit …
Originally published December 11, 2009 Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do debt settlements are ripping off consumers because settling debts is something that anyone can do. Don’t get me …
A recent publication out from the Federal Reserve appears to indicate consumers have learned to cut back on debt, at least for now. The reduction might be to a number of events and not just the sudden realization that too much debt is problematic. For example, people may be feeling less confident about the future …
The census bureau has released a new report that chronicles household debt in the U.S. from 2000-2011. The good news is that fewer households are carrying some form of debt. In 2011 69 percent of households did compared to 74 percent in 2000. The bad news is that those that are carrying debt are carrying …
As crazy as this idea sounds, one thought floating around right now is that of forgiving large tracts of consumer and mortgage debt to swiftly deal with the debt problem in the country today so we can get consumption back on track. As long as consumers are buried in debt, and they are, with little …
“Dear Steve, I am looking for a real solution- and this shows up in the mail. D” Click image for larger view. Dear D, Before this I had not heard of Real Solutions Consumer Counsel. Let me review the letter you sent in with your email. It appears that the data used to generate the …
A story by CNN today makes my article on How to Hide From Debt Collection, the Debt Collector and Creditors even more timely. After several years in which Americans were buying stuff on credit they couldn’t afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors. Nearly 71,000 people filed …
This weeks question put to the personal finance bloggers brain trust at GetOutOfDebt.org was: When people are working with a credit counselor or working up their own budget they often hear or believe that they should not make religious contributions and should not put any money in savings while they are making debt repayments. Instead, …