Eighteen months into a deep recession triggered by a credit bubble, consumers have made little progress shrinking a mountain of debt. Until they do, the economy will struggle to grow likely for years.
Eighteen months into a deep recession triggered by a credit bubble, consumers have made little progress shrinking a mountain of debt. Until they do, the economy will struggle to grow likely for years.
California suffered a new setback in its financial crisis on Monday when Fitch Ratings cut its rating on the state’s general obligation debt to just two notches above junk status.
Refinancing your debts from your existing lender to another financial institution may allow you to take advantage of other opportunities that your current lender does not provide. Reasons for refinancing may include: Lower interest rate Less fees and charges Your existing lender no longer provides the loan you require Your current lender will not provide [...]
Article by Alex Jonnes More debt than you can afford? Creditors calling? Only making minimum payments? Auto repossession? Credit card debt? Medical bills? Thinking about bankruptcy? As a common man, you may face trouble in management of his finances when your debts are large in numbers. Your mind is occupied by all such questions. Debt [...]
“Refinance” is a word heard a lot these days around the offices of Detroit bankruptcy lawyers, with the interest rates in ARMs skyrocketing. Credit card companies glean a good deal of their business from debt consolidation offers and balance transfers. Refinancing is a way to make the equity you have in your home work for [...]
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