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Credit card delinquencies and debts fall in 2010

Fewer credit card delinquencies are being reported, and the level of credit card debt is declining as well.?Data released by credit bureau TransUnion indicates that more people are paying off debt and more credit cards are being issued. Falling delinquencies indicate many people are paying off holiday shopping sprees. 2010 the year of debt relief
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Borrowing Money and Government Aid Can’t Stop Foreclosures

Borrowing Money and Government Aid Can’t Stop Foreclosures Foreclosures on the rise Despite credit cards, borrowing money and government aid, many homeowners lost their homes to foreclosure. A recent survey done by the Mortgage Bankers Association showed that one in every seven home loans in the US were either past due or in foreclosure. That
Looking for the best mortgage rate? Check out these helpful tips!

Shopping for a Mortgage? Get the Best Rate!

Is This the Best Time to Buy? Though we are far from the housing bubble that burst in 2007, with loan lenders more cautious than ever to sell mortgages to anyone with less than stellar credit history, this is indeed the best time to buy property. Lower property prices coupled with lenders looking to regain
More creditors are agreeing to settlements on credit card debt before law changes make their rates illegal. (Photo:

Lenders Settling Debt on Credit Cards with Consumers

Settling Debt A new study is showing that many lending companies are settling debts on delinquent credit cards. As a new way of mitigating losses, many credit card companies are settling cards for notably less than the total amounts owed. Edward McClelland, a writer in Chicago, is a consumer who had an outstanding balance of
One Dollar

H&R Block stops offering short term loans against tax refunds

This year, H&R Block will not be offering any short term loans against tax refunds. Refund Anticipation Loans, or RALs, are loans lent by a preparer against a potential refund, less a fee. The banking partner of the company was forced out of offering the loans by regulatory bodies. No more short term loans from

Finding emergency money to pay taxes could be a charity away

Understanding the process of charitable contributions For consumers looking to build emergency money funds, giving to charity can help. Taxpayers can either donate cash or goods, but each one comes along with some rules via the IRS. For example, if a consumer donates money, they have to have paperwork and documentation to prove it. On
"Your eyes feel so very heavy. You will pay only the minimum balance on your credit card…"

Credit Card Minimum Payments are Hypnotic Conditioning

Interest Payments Grow As Our Minds Become Anchored We all know by now that making only the minimum payment on your credit card balance each month is a recipe for long-term debt. If that sounds appealing to you, then by all means, continue to fatten the pig. It loves the sloppy seconds (thirds… fourths…) of
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Showdown: Personal Installment Loans vs. Credit Cards

Showdown: Personal Installment Loans vs. Credit Cards What type of financing should I use? There are times when there are things you need to pay for quickly, but just do not have the cash on hand. When that happens, personal installment loans and credit cards are two options for financing – but it is important
Internal Revenue Service in black letters on white brick building

IRS audits take aim at independent contractors

Last month the IRS announced that over the next three years it will conduct 6,000 random audits of businesses that utilize independent contractors. With record numbers of Americans out of work and more than half the states borrowing from the federal government to pay unemployment claims, the motivation behind the crackdown is clear. According to
B of A

B of A buys bad loans back from Fannie and Freddie

Bank of America has reached an agreement to compensate Freddie and Fannie for selling them toxic loans. The largest bank in the nation will pay more than $3 billion to the troubled mortgage houses. B of A is expected to take a loss on the deal. Bank of America to make amends for bad loans
u.s. taxcode

Keep an eye out for commonly overlooked tax deductions

It’s easy to overlook tax deductions buried deep within the thicket of the U.S. tax code. Millions of Americans overpay their taxes every year by overlooking tax deductions. But you don’t have to spend hundreds of dollars on an accountant to find tax deductible expenses. The incredible value of tax deductions About 46 million U.S.
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Hire Movers without Maxing-Out Your Credit Cards

Moving can be a disaster No one wants to max out their credit cards when moving. But that’s what happened to John Winston of Salem, Massachusetts: “We were a simple move…going to a neighboring city. Our moving company promised that it would cost $875, and a possible added cost for extra time. That was reasonable.”
College students

Everything parents need to know about their student loan options

More than $100 billion in federal education loans and about $10 billion in private student loans are originated every year. For most students, the student loan process begins by requesting federal loans through the FAFSA application. Parents also have the options of paying for their child’s education by obtaining a federal government Parent PLUS Loan
A man in debt.

Debt Solutions | Are growing costs pushing you into debt?

These days, it seems everything is becoming more expensive. The value added tax (VAT) has increased from 17.5 percent to 20 percent, meaning all kinds of goods and services have suddenly risen in price. Meanwhile, gas prices stand at an all-time high, and most of the “Big Six” energy suppliers have announced price rises on

Home Sellers Should Use Small Personal Loans to Fund Shortfalls

Many people trying to sell their homes end up having to use small personal loans to fund shortfalls. The main post-recessionary reason people have shortfalls is due to the loss of value on their property. Although the recession has been deemed officially “over” by experts, the market is far from returning to normal. The problem