What’s the Best Way to Protect Consumers in Need of Debt Relief?

Should Courts or Executive Branch Agencies Have Final Say?
The recession has forced America to face some of its most deep-seated systematic financial troubles. One thing that has become clear is that unscrupulous mortgage lenders and credit card agencies have dined for far too long upon consumers who largely didn’t understand [...]

President Obama's plans for the Consumer Financial Protection Agency could mean that debt relief is closer than ever for the downtrodden. (Photo: flickr.com)

The Case for Walking Away

Bankruptcy goes hand-in-hand with unemployment and foreclosure
Today the government announced unemployment figures for June that are much worse than expected. Employers cut 467,000 jobs and the unemployment rate rose to 9.5%, the worst since 1983. Unemployment is a lagging indicator, so even after the economy begins to improve, the jobless [...]

walking-away

Don’t Handle Your Creditors Like Lenny “Nails” Dykstra

Nail down debt, don’t run for cover
Lenny Dykstra was one of my favorite baseball players. He combined speed, hustle, plate discipline and a near-fanatical desire to destroy his opponents on the baseball field. They called him “Nails” for a reason.
Like numerous other athletes, however, Dykstra took the unfortunate slide into [...]

Baseball

Ed McMahon Dies | America’s Straight Man Escapes Debt

He rode high, lived high
Fans of late night American television over the years have heard of Ed McMahon. He was the perennial straight man, a foil for the jokes of the all-time king of late night, Johnny Carson. Now like his leader in hilarity, Ed McMahon too has died. He [...]

Elder Americans Seeking Mortgage Loan Modification

Older Americans
Legal-aid advocates are noting that elder Americans are being left out of the mortgage loan modification program due to their low-income status. An unprecedented number of elder citizens are facing foreclosure because they were sold loans they could never afford. Many times, they were sold these loans fraudulently and [...]

old people Pictures, Images and Photos

Payday Loans – A Way To Stay Caught Up In A Tight Economy

Payday loans to avoid foreclosure
The falling real estate market would lead one to believe that houses are cheap, but if you‘re trying to sell and you have a mortgage to make, it sure doesn’t seem cheap. A payday loan can be a big relief. The most recent information sent from [...]

Foreclosure

Displaced Princess | Victoria Gotti Faces Foreclosure

When castle gates slam in your face
We’re calling all bed-wetters and ambulance chasers.
Poor pick-pockets, bring ‘em in.
Come join the Youth and Beauty Brigade.
- From “Youth and Beauty Brigade” by The Decemberists
We’re all ambulance chasers, aren’t we? When the train wrecks, we can’t help but look. And when we do, we [...]

Victoria Gotti Book

What Should I Do? | Bankruptcy

These are tough financial times
You may be facing insurmountable debt, the danger of losing your home or car, and continual harassment from debt collectors. Your struggles may be compounded by divorce, the loss of a job, uninsured medical expenses, or a combination of unexpected events. If you are in [...]

money-and-stress-2

The Benefit of a Payday Loan When You’re Facing Foreclosure

What to do when you need money in a hurry
Even when a person is face with the loss of his or her home, a payday loan is the last thing they will consider. This is usually because they know it is a short term loan they will need to pay [...]

Empty Nest Syndrome

You Walk Away | Goodbye, Mortgage?

A bad mortgage will not destroy you
Many people are looking to online payday loans and mortgage loan modification to break the frozen finances deadlock. Sometimes it isn’t enough, however. People find they cannot shoulder the burden of tremendous mortgages, particularly for homes that have lost much of their value.
If you [...]

What happens if you walk away from your mortgage?

Lake Elsinore, California: Homes Sell For Fraction of Cost

The American dream… for some

By now, we all know that the housing bubble in America has burst. Refinancing isn’t as valuable a move as it once was, so many families look to payday loans for short-term aid. The housing collapse is catastrophic for all the homeowners who have lost tremendous [...]

You Can Save Your House with a Cash Advance

A sign of the times
Sadly the economy is in a downward swing and more people have to rely on a cash advance loan to keep their homes out of foreclosure. As difficult as it is to think of resorting to borrowing money to cover the mortgage payments, it is far [...]

Foreclosure

The Benefits of Getting a Personal Loan

It’s a financially hard world out there
Many of us might have considered taking a personal loan for different occasions. The economic fluctuations are affecting people from all walks of life. All over the country, and all over the world, people are suffering from this huge impact. Some who own businesses [...]

Closed

Using Loan Modification to Stop Foreclosure

Facing threat of foreclosure?
If you believe you might be facing the threat of foreclosure then it’s not too late to save your family’s home. Mortgage holders who are more than 90 days in arrears on the mortgage repayments are able to apply for a loan modification that can help to [...]

Foreclosure

ACORN Urging Homeowners to Break the Law

ACORN pains me
Hundreds of thousands of families across the country are facing foreclosure. Many have already been put out of their homes. How does this happen in America? How is subprime lending (thanks to ACORN, the Community Reinvestment Act and Self-Help, Inc.) allowed to go on for so long before [...]

Martin Eakes Can’t Bail Himself Out of His Past (Pt. 2)

Better get a bigger bucket…
Wait. CLICK HERE to check out part one of this article – before you get wet. Then see how Martin Eakes wields the obvious:
Previous actions to bail out banks have been necessary to keep the economy afloat, but essentially amounted to bailing out the water in [...]

Dispute Among Democrats Stalls Mortgage Aid Bill

Measure was expected to pass this week
A scuffle between House Democrats has brought legislation to help debt-strapped homeowners to a halt. The bill would let bankruptcy judges reduce the principal and interest rate on mortgages.
The main point of contention centers on this question: Is it fair to help only those [...]

foreclosure

Unhappy with your mortgage terms? Change them!

The free world
We live in a free world, with a lot of choices we can make, whether it is a matter of food choice or what company to go to for your mortgage loan. Especially in the current market situation, you have loads of options if you are not happy [...]

The Free World

How to Use the Fast Cash Advance of Obama’s Mortgage Plan

Fast cash advance for endangered families
President Obama’s plan to revamp the mortgage industry and save families – including the octuplet mom and her kids – from foreclosure is now in full gear, like a fast cash advance for the afflicted. As part of the package, mortgage lenders like Citigroup and [...]

You may already be safe from foreclosure!

Payday loans can help you save your mortgage from foreclosure

Payday loans to keep your house
Payday loans may be your best bet to keep you at home. Those who are behind on their mortgage on their homes should act fast to find solutions. It is said that bad mortgages have sparked the present economic crisis. Millions of home owners have [...]

Sign Of The Times - Foreclosure