Monthly Archives: June 2010

It’s a statistic that might mean increased business for companies offering debt consolidation services: A growing number of homeowners across the country are underwater. This is something that you don’t want to be. It means that you owe more on your mortgage loan than what your house is worth. According to real estate Web site […]

Should the United States consider a debt consolidation loan? There’s little doubt, after all, that the country has overwhelming debt. If the United States was a consumer or a business, it’d be filing for bankruptcy protection right about now. Ben Bernanke, the chairman of the U.S. Federal Reserve Board, expressed his own concerns about the […]

People tend to think of consumers who file for bankruptcy as simply looking for an easy way out. But here’s a shocking fact: Only a small percentage of U.S. residents who need bankruptcy actually file for it. Most others handle their debts in other ways, including high-interest-rate debt consolidation loans. It’s true that the U.S. […]

There’s a reason why the economy’s recovery seems so sluggish: Consumers are taking steps to reduce their debt and curtail their spending, doing everything from signing up for debt consolidation services to working with credit counselors to change their negative spending habits. This may be good for consumers who are finally getting a handle on […]

It’s stressful raising a family today, what with the threats of debt consolidation loans, foreclosures and unemployment hanging over so many households. Ben Bernanke, chairman of the Federal Reserve, is well aware of this. While speaking at a forum in Detroit, a city in which the jobless rate soared past 24 percent in April, Bernanke […]

Bad credit personal loans can help many Americans get through the rough spots in these tough financial times. With the three big banks (Chase, Citi and Capital One) making bad credit loans, it is easier than ever for those with bad credit to score a personal loan. Still, if you want a bad credit loan, […]

In times of economic downturn many people who need cash feel that their 401(k) is their money so borrowing from it is a better option than personal loans. However, this may not be the best idea. In fact, it could be financially unsound and carry problems long into the future. Borrowing from a 401(k) When […]

Personal loans are used to pay anything from an emergency room visit, to car repair, or even buy groceries when money is tight. In fact, most people will require a personal loan at some point. It is not unusual for people to take out several personal loans throughout their life, but when do they become […]

If you have ever gone into a bank seeking a personal loan, you just may be shocked to hear about how banks deal with personal loans. While banks deal with all kinds of loans including secured loans, unsecured loans, revolving credit (i.e. credit card), mortgage loans, auto loans and more; the unsecured personal loan is […]

Debt consolidation loans sound like a great idea. After all, you get to reduce all your personal loans into one big loan. Your credit report shows that you have paid off all you previous loans and only have one loan out. Additionally, your revolving credit is paid off and that raises your limit on the […]