Monthly Archives: January 2011

Since Congress was unable to come to an agreement, the jobless will no longer be able to apply for federal unemployment benefits or the COBRA health insurance subsidy. Due to the extreme economic circumstances, Congress offered additional unemployment benefits beyond what the states presented. The expiration of those benefits means more than 1 million unemployed […]

According to trends being reported in the past few weeks, the amount of personal loans being taken out by consumers has dropped sharply. Yet, as fewer consumers borrow personal loans, the cash advance industry is growing and thriving. Why is one loan product decreasing at the same time that another, similar loan type is increasing? […]

If you’ve taken out a debt consolidation loan, the odds are good that you need to increase your life insurance, too. At least that’s the view from AccuQuote, a provider of term life insurance quotes to U.S. residents. Officials from AccuQuote, in a recent news story, said that consumers who increase their debt also increase […]

With the economic crisis happening across the world and banks offering more personal loans, credit cards, mortgage loans, and other loans, the finger of blame is being pointed squarely at the banks. Questions are being asked and unions are looking for answers. Are banks at least partially responsible for customers getting in way over their […]

If there’s been a silver lining to the Great Recession and its oh-so-slow recovery it’s this: A smaller number of consumers may be heading toward debt consolidation. That’s because the recession might have taught consumers how important it is to save money and pay off debt. The recession also led to the federal government’s Credit […]

One type of credit card being used more widely now than ever before is the prepaid credit card. A Prepaid spending card is basically a charge card that can be loaded with funds, spent just about anywhere that credit or debit cards are accepted, and then reloaded with additional funds. These cards used to be […]

With the stock market continuing its ascent in what has been a violent roller coaster ride over the past two years many people are holding the majority of their investment money in cash and money market accounts. The problem for these investors is that interest rates on cash and cash equivalents have fallen to almost […]

During the spring, it’s common to see a whole range of articles on the internet about your tax return–but very few of those articles will tell you if you should use the return to pay off personal loans. They may advise you on the latest technical gadget to splurge on, or where you should take […]

Home Affordable Modification Program may give homeowners some financial relief. Even if their debts are skyrocketing, they may not have to resort to the high interest rates that come with debt consolidation loans. That’s because Wells Fargo has joined Bank of America in announcing that they will modify the home-equity loans of consumers who have […]

If you are drowning in a sea of credit card debt, you can use personal loans to pay off the balance on your plastic. Debt consolidation offers several benefits to the lender, and is a practical use for personal loan funds. All you need to do is apply for a personal line of credit that […]