What to Do When You’re Saving too Much Stuff

Thursday, August 26th, 2010

Skokie, Illinois fire rescuers recently drilled a hole in the ceiling to rescue an 82 year-old woman from her apartment. They couldn’t use the door because the space was piled to the ceiling with hoarded stuff. Earlier this year, an El Paso, Texas woman died by fire when the newspapers she ...

The Pros and Cons of Debt Settlement

Wednesday, August 25th, 2010

Debt settlement is like any type of debt management, there are pros and cons. A lot of consumers find that the pros far outweigh the cons and proceed with debt settlement. While debt settlement is not for everyone, it does work quite well for those that proceed. ...

Consumers took on more mortgage debt in July

Tuesday, August 24th, 2010

Consumers took on 2bn more mortgage debt than they repaid in July, according to the latest figures from the British Bankers` Association (BBA). This represented a 4.1% annual increase in net mortgage lending by banks, the report adds. Gross mortgage lending came to 8.4bn in July, ...

Falling consumer credit card debt: Are we learning a lesson?

Monday, August 23rd, 2010

This week’s news brings interesting implications for consumer finances. First we learned that existing home prices have slumped to record lows, which has the media buzzing about the “new role” of owning a home. The new role is that our homes no longer function as limitless ATM machines. ...

Bankruptcy Filings Rise 20 Percent in June

Saturday, August 21st, 2010

Bankruptcy filings rose 20 percent in the 12-month period ending June 30, 2010, according to statistics released today by the Administrative Office of the U.S. Courts. A total of 1,572,597 bankruptcy cases were filed in federal courts in that period, compared to 1,306,315 bankruptcy cases filed in the ...