Posted on Friday, 4th March 2011 by Nicholas P
A new study says more American consumers are feeling financially healthy as they emerge from the recession. The study, conducted for M&T Bank found that nearly 80% of consumers reporting have little-to-no debt or a comfortable level of debt. GfK Custom Research North America conducted the survey of more than 1000 randomly selected adults. They [...]
Tags: American Consumers, Feeling, Feeling Financially
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Posted on Monday, 28th February 2011 by Nicholas P
What would happen if lawmakers don’t raise the short-term debt limit to fund the federal government with financial restructuring? “Chaos” according to US Federal Reserve Chairman Ben Bernanke. Bernanke told the Senate Banking Committee that the changes are necessary in order to reduce the nation’s debt in the coming years, according to the Wall Street [...]
Tags: Debt, If Debt
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Posted on Saturday, 26th February 2011 by Amelia M
With so many families living from paycheck to paycheck, it is easy to fall into the cycle of debts. If any other expenses arise, such as medical, car repairs, home repairs, etc, it can cause anyone to fall behind on their other bills. After this happens, it becomes a vicious cycle trying to catch up. [...]
Tags: Debt, Debt Reduction
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Posted on Tuesday, 22nd February 2011 by Amelia M
Should you file for bankruptcy yourself? When pondering the question some point to the old saying, “he who represents himself has a fool for a lawyer.”
Some online companies that offer legal advice make it sound as though filing for bankruptcy is as simple as filling out forms. Someone might want [...]
Tags: Bankruptcy
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Posted on Sunday, 20th February 2011 by Nicholas P
During the present economic slowdown, many Americans are dragged into debt as they are habituated to spend money as much as they earn without savings. This attitude of Americans continues since ages and as a result is experiencing when there is slowdown in economy and rise in unemployment rate.
It is very hard to change the [...]
Tags: Debt, Debt Consolidation
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Posted on Wednesday, 16th February 2011 by Nicholas P
According to reports, debt is piling up for bookseller Borders, forcing them to close hundreds of stores and file for bankruptcy. According to Reuters, the company will shut 200 of its retail outlets, that’s about 30 percent of its stores. Those bookstores that are closing are a mix of Borders stores and Waldenbooks shops.
Those stores [...]
Posted on Saturday, 12th February 2011 by Amelia M
A credit score and credit report are two different, albeit related, things. Credit scores—commonly known as FICO scores—are numerical values that rate one’s current creditworthiness. In the United States, credit scores typically range between 300 and 850. A credit report, on the other hand, is a more comprehensive loan dossier. Identifying [...]
Tags: Credit Report, Report
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