Category Archives: Uncategorized

With the national unemployment rate still near the 10-percent mark, consumers are struggling to pay off their home equity loans, something that might lead to an increase in the number of debt consolidation loans taken out by desperate individuals. A new report from the American Bankers Association in early April showed that consumers are struggling […]

How effective are debt consolidation and settlement services in relieving the financial stress faced by today’s debt-strapped consumers? As with most complex questions, the answer depends on whom you ask. If you ask the writers at financial website Bankrate.com, debt consolidation and settlement doesn’t work often enough. If you ask officials with the Association of […]

Are consumers taking steps to avoid a future that involves debt consolidation? The latest financial data suggest that they are. According to a recent story on the MarketWatch Web site, outstanding consumer credit dropped by $11.5 billion in February. That might mean that consumers, still leery of a sluggish economy, are putting fewer purchases on […]

You can use personal loans to cover a multitude of expenses, but you may wonder when a personal line of credit is actually better for your needs than a credit card. In fact, as the economy has worsened, consumers are finding it more difficult to obtain a personal loan and more difficult to use a […]

All Infographics – Commodity price fluctuations, along with the globalisation of the world economy have led to profound changes that seriously affect the . . . All Infographics – Breakdown by U.S. state of the highest and lowest tax rates for gasoline, cigarettes, sales and booze. All Infographics – This image depicts the surprising statistics […]

The providers of debt consolidation loans received some good news in early April from the Associated Press: Consumers are borrowing money again. And when consumers add to their levels of debt, they’re more likely to one day need the services of debt consolidation loans. The big question from stats released by financial data company Thomson […]

Wisconsin is the only state in the union that doesn’t regulate payday loans. And the leaders of that industry want to keep it that way. At least that’s how it seems after the payday lending industry donated nearly $75,000 to Wisconsin politicians last year, the same year in which these legislators debated whether they should […]

While the latest housing statistics brought mostly bad news for homeowners, there was a silver lining if you happened to be the owner of a debt consolidation business. That’s because both home sales and housing prices fell in January. And this means one thing: In a nation where most people have their wealth tied in […]

An article in the Wall Street Journal from April of 2009, warned that defaults on student loans would skyrocket to 6.9%, the highest default rate since 1998. There had been a steady climb since 2003: from a rate of 4.7% in 2005 up to 5.3% in 2006. “The volume of people in trouble is definitely […]

Personal loans are unsecured lines of credit that consumers take out to pay expenses not typically covered by other kinds of loans (such as a mortgage loan or an auto loan). These expenses can be carefully-planned expenditures or they can arise out of emergency situations, but the upshot is usually the same: the debtor needs […]